The Daily Star: Internet Edition Sun. March 06, 2005

Vol. 5 Num 275

Sun. March 06, 2005


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Business

BB issues warning against errant auditors
The central bank will take action against errant auditors, said Governor Fakhruddin Ahmed yesterday.
"Auditing standard has to be improved.

Tourism growth hinges on public-private efforts
Speakers say at the travel mart seminar
Collaboration between public and private sectors is needed to boost tourism in Bangladesh, speakers at a seminar said yesterday.

Taiwanese keen to invest in Ctg
Trade team meets CCCI chief
Taiwanese trade delegation has expressed its interest to invest in the port city and take part in the next Chittagong International Trade Fair.

Yuan won't rise sharply: China
A sharp appreciation of China's yuan is unlikely and the currency will be kept in a small range as the country gradually implements a more flexible exchange rate, China's foreign exchange chief said on

Central bank restricts fresh LC opening for some importers
Bangladesh Bank in a circular yesterday restricted fresh LC (letter of credit) opening in favour of certain importers as it smells anomalies between the amounts of foreign currencies sent abroad and actual

Garment machinery show bags $3b orders
The five-day international textiles and garment machinery exposition that concluded yesterday received a record order of $3 billion.

Bank Asia opens new branch in Sylhet
Bank Asia Ltd opened its 18th branch at Sylhet Upashahar on Thursday.
Enam Ahmed Chaudhury, chairman of Privatisation Commission, inaugurated the branch, says a press release.

Prime Bank, Placid NK Corp sign deal on remittance
Expatriate Bangladeshis in the US now can send their money to home through Prime Bank Ltd.

Acme celebrates golden jubilee, holds annual sales confce
The Acme Laboratories Ltd, a drug manufacturing company, celebrated its golden jubilee and held annual sales and marketing conference on Wednesday in Dhaka.

IMF okays emergency aid to Lanka, Maldives
The International Monetary Fund approved immediate emergency funds for Sri Lanka and the Maldives in the wake of last December's tsunami.

China pledges more help for poor
Targets steady economic growth
Premier Wen Jiabao Saturday admitted China faced "glaring" social problems and pledged more help for the poor to deal with simmering unrest as he forecast economic growth of eight percent this year.

India takes stake in Venezuelan oil field
Fuel-hungry India signed a deal Saturday to take a 49 percent stake in a Venezuelan oil field, boosting energy ties between one of Asia's biggest consuming economies and one of the world's largest exporters.

Norway takes EU salmon dispute to WTO
Norway has filed a complaint with the World Trade Organisation (WTO) against new European Union restrictions on salmon imports, the trade body said on Friday.

Microsoft overcharges in Korea: survey
Microsoft Corp. is overcharging Korean customers for its software, a government survey showed Friday.
The US-based software giant sells its Windows XP Pro software for $400.