The Daily Star: Internet Edition Mon. June 13, 2005

Vol. 5 Num 371

Mon. June 13, 2005


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Business

Taka devalues against dollar 5.5pc in 3 months
Taka devalued against US dollar by 5.5 percent in the interbank market in three months.
The taka-dollar exchange rate in the interbank market depreciated from around Tk 60.

Appoint tax ombudsman
FBCCI asks govt in budget reaction
The FBCCI has called for immediate appointment of a tax ombudsman to make the tax administration free from harassment and bring transparency in investment and economic activities.

Withdraw Tk 1,200 tax on new subscription
Mobile phone operators urge govt
All private mobile phone operators yesterday urged the government to withdraw the Tk 1,200 tax imposed on any kind of new subscription in the proposed budget for the fiscal 2005-06.

15pc revenue growth in 11 months of FY05
The National Board of Revenue (NBR) achieved about 15 percent growth in revenue collection in the first 11 months of the present fiscal year (FY), NBR sources said.

Wintel offers rewards to shoppers
Wintel Limited, a telecoms software firm, yesterday launched the first-ever Customer Incentive Card (CIC) to reward customers through accumulative points.

EU project fair kicks off in Dhaka
The European Union (EU) yesterday launched a project fair in Dhaka with a view to disseminating the impacts of the projects among the entrepreneurs and stakeholders.

Citibank NA opens new office at US Embassy
Citibank NA yesterday opened a new office at the US Embassy in Dhaka to meet the increasing banking needs of customers on the embassy premises.

India to set rules of origin for Asean FTA
India's approach to the formulation of a new set of rules of origin (ROO) for the India-Asean FTA will be finalised by mid-July.

Asian energy confce to focus on challenges as prices spiral
More than 1,000 oil and gas industry leaders and politicians are gathering in the Malaysian capital to ponder challenges facing world oil supply against a backdrop of rising prices, at a major conference

ATN Bangla now media partner of TMSS
Private satellite television channel ATN Bangla has become the media partner of Thengamara Mohila Sabuj Sangha (TMSS), an NGO.

Prime Bank's executive body chairman, vice chairman
Imam Anwar Hossain and Nafis Sikder have recently been made chairman and vice chairman respectively of the Executive Committee of the Board of Directors of Prime Bank Ltd.

Asia's budget airline bubble may burst
Stiff competition and rising fuel prices will force a shake-out among Asia's budget airlines, and some are likely to be permanently grounded, analysts say.

G8 scraps $40b in third world debt
The world's richest nations struck an historic deal Saturday to write off immediately all multilateral debt owed by 18 of the world's poorest countries, mostly in Africa, amounting to 40 billion dollars

Airbus, Boeing face off at Paris Air Show
The world's two giant planemakers will be facing off at the Paris Air Show opening Monday, with US champion Boeing determined to wrest back the world title won from it by European upstart Airbus.

S’pore-based oil explorer finds niche in Southeast Asia
A Singapore-based company has found a niche in exploring for oil and gas in Southeast Asia at a time when bigger players are focused on potential major discoveries in other parts of the world.