The Daily Star: Internet Edition Sun. May 15, 2005

Vol. 5 Num 342

Sun. May 15, 2005


News
Today's Index
Front Page
Business
Sports
Point-counterpoint
Metropolitan
National
International
Culture
General


Views
Editorial
Letters to Editor
Write to Editor


Sections


Others
About Us
Contact
Advertisement
Supplements
Archives

Business

Quota-Free Regime
Woven garment exports dip $50m in first 3 months
Export earning from woven garments decreased by $50.87 million or 5.6 percent during January-March period of this year -- the first three months of the quota-free regime.

Lawmakers irked for not being involved in PRSP drafting phase
Lawmakers yesterday expressed their dissatisfaction for not involving them in the drafting phase of the Poverty Reduction Strategy Paper (PRSP), a strategy document to alleviate poverty.

Rehab to organise fairs in London, NY this month
In a bid to sell more flats and plots to expatriate Bangladeshis, developers are going to organise two promotional fairs in London and New York this month.

Fresh move to float shares of 32 insurance cos
The government has initiated a fresh move to expedite the process of floating 32 non-listed insurance company's shares worth about Tk 243 crore in the capital market in order to bring discipline in the

Export diversification key to survival in quota-free era
DCCI seminar told
As the readymade garment sector is faced with stiff competition following quota-phaseout, speakers at a seminar yesterday underscored the need for diversifying the export basket to survive in the global

DHL named best operator for 19th consecutive year
DHL, a leading global express and logistics company, has been named best express operator for the 19th consecutive year, reflecting the company's market leadership and service excellence in air express

Nat'l Housing declares 9pc dividend
National Housing Finance And Investments Limited has declared a nine percent dividend for its shareholders for the year 2004.

Lamy vows to respect all views as new WTO chief
Pascal Lamy, the former European Union trade commissioner, said Friday he would respect all members' views on sensitive topics such as agriculture when confirmed as head of the World Trade Organisation.

Midas Financing chairman re-elected
Md Ikramullah was re-elected chairman of Midas Financing Ltd for a term of another two years.

Wintel now distributor of Thomson products
Wintel Limited, a leading Information and Communication Technology company, has signed an agreement with French electronics and mobile phone company Thomson to distribute its products in Bangladesh.

German co executive visits RMG units
Reiner Schmidt, executive of Groz-Beckert Kg, Albstadt, Germany, recently visited some readymade garment units in Bangladesh to discuss the quality of industrial sewing machine needles produced by his

Malaysia's new maritime agency to start operation year end: Najib
Malaysia's new maritime agency established to fight piracy, illegal fishing and environmental pollution will begin operation in November, Deputy Prime Minister Najib Razak said Saturday.

US slaps quotas on Chinese textile imports
The United States on Friday ordered quotas to curb a flood of Chinese textile imports, a move likely to sharply escalate trade tensions with the Asian giant.

EU ministers agree on small tax on air travel for dev aid
EU finance ministers emerged from a meeting here Saturday with an agreement in principle for a small tax on airplane tickets to fund development aid that would be voluntary or obligatory depending onthe

Dollar hits 7-month highs against euro
The dollar rose to a seven-month high against the euro and pushed above 107 yen Friday, as a weak consumer sentiment report failed to dampen the upbeat outlook among traders for the US economy.

China threatens retaliation over US textile restrictions
China Saturday slammed US textile restrictions on Chinese exports, saying the move was a serious threat to the multi-lateral trading system and reserved the right to retaliate.