The Daily Star: Internet Edition Wed. April 13, 2005

Vol. 5 Num 313

Wed. April 13, 2005


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Business

Concerted efforts needed to make best use of external aid
CPD discussion observes
The country must put concerted efforts to improve efficiency of government agencies to make the best use of external assistance, speakers observed at a dialogue yesterday.

Ship-breakers' cartel controls scrap price
Re-rolling, steel millers allege
When re-rolling and steel millers yesterday alleged some ship-breakers are controlling the price through a cartel, scrap traders told a meeting they will continue with the syndicate.

Union Capital launches online investors' account services
Union Capital Limited (UCL), a merchant bank, yesterday introduced internet-based investors' account services for the first time in the country.

Altaf assures businesses of govt support
Commerce Minister Altaf Hossain Choudhury yesterday assured the business community of all government supports to improve business environment in the country.

Dhaka Bank okays 10pc cash, 35pc stock dividends
Dhaka Bank Limited has declared 10 percent cash and 35 percent stock dividends for its shareholders for the year 2004.

Monitor Chef of the Year 2005 competition today
The Monitor Chef of the Year Competition-2005 will be held at Dhaka Sheraton Hotel today.

Orascom keen to invest in cement industry
After investing in telecommunications sector, Egyptian Orascom group has expressed its interest to invest in Bangladesh's cement sector.

Transcom, BRAC Bank sign corporate deal
A corporate agreement titled 'EzeeBuy' was signed between Transcom Electronics Limited and BRAC Bank Limited in Dhaka yesterday.

Bank holiday on Thursday
Bangladesh Bank and all scheduled banks will remain closed on Thursday (April 14) on the occasion of Pahela Baishakh, said a Bangladesh Bank press release.

US slams Beijing on IPR protection
A senior US trade official attempted Tuesday to placate China over US actions to curb its lucrative textile export trade, while slamming Beijing over worsening intellectual property rights violations.

Latam woos Asia investment to spur growth, help poor
Latin American states were at pains to talk up their economic progress on Sunday as they sought to tap Asia's huge savings for investment in their recovering but debt-laden economies.

Clarification
In a clarification of news item titled 'Summit Power to go public soon to raise Tk30 crore' printed on this page on Monday, Summit Power Limited said, "The company has prepared a draft prospectus forsubmission

EU ministers call for currency appreciation in Asia
EU finance ministers, eager to ease the pain of the euro's strength, stepped up pressure Tuesday on Asian countries to let their currencies appreciate ahead of an upcoming G7 meeting, Luxembourg Prime