The Daily Star: Internet Edition Sun. May 08, 2005

Vol. 5 Num 335

Sun. May 08, 2005


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Business

Pre-budget Interview
Steps needed to plug graft loopholes in tax systems
MCCI president talks to The Daily Star
A businessperson paying taxes properly feels discouraged in the present context when he or she sees another person easily evading taxes, said Kutubuddin Ahmed, president of Metropolitan Chamber of Commerce

Govt to re-fix gas prices for foreign investors
The government is going to re-fix the tariffs of natural gas for foreign investors.

HDRC-Katalyst-The Daily Star roundtable
National policy sought to develop enterprises
Speakers at a roundtable yesterday called for a comprehensive national policy for development of micro, small and medium enterprises (MSMEs).

Frozen food exporters blame EPB for false export figure
The Bangladesh Frozen Food Exporters Association (BFFEA) claimed that the Export Promotion Bureau (EPB) has made a false statement about the export figure of the sector.

Share prices dip again
The capital market Saturday turned back to dipping trend following a recovery from the crashing shocks last week.

Bimstec Meet Next Month
India to finalise negative list
India will finalise by next week a negative list of 1,250 goods that will not qualify for tariff cut ahead of the meeting of Bimstec officials next month to firm up a free trade agreement, official sources

US takes another step to limit clothing import from China
The Bush administration took another step Friday toward restricting billions of dollars in clothing imports from China by reactivating 12 industry petitions that it had been barred from considering.

Asian, European FMs call for alternative energy sources
Asian and European foreign ministers expressed their concern Saturday over high oil prices and called for the development of alternative energy sources, including nuclear power.

Dollar gets tonic from strong US jobs figure
The dollar got a boost Friday from strong US jobs data, which eased concerns of a US economic slowdown and supported the notion of more rate hikes by the Federal Reserve.
The euro fell to 1.

Asia's rubber producers join forces to support prices
Asia's big rubber producers are joining forces to support prices, but traders are skeptical the effort will be a success.

GM, Toyota to discuss tie-up
Rick Wagoner, chief executive officer of General Motors Corp, will visit Japan, probably next Saturday, for a meeting with Toyota Motors Corp President Fujio Cho and other executives, apparently seeking