The Daily Star: Internet Edition Wed. July 06, 2005

Vol. 5 Num 394

Wed. July 06, 2005


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Business

Saifur dismisses dollar crisis
Finance and Planning Minister M Saifur Rahman yesterday dismissed dollar crisis in the country.
"There is no dollar crisis in the country.

Foreign aid, investment in private sector need scrutiny
Says BB governor
Central bank Governor Salehuddin Ahmed yesterday said the role of foreign aid and investment in private sector has to be critically examined to ensure that the country's interest is not harmed.

Stop illegal influx of foreign textiles
Textile unit owners urge govt
Textile entrepreneurs yesterday urged the government to immediately stop illegal influx of foreign textiles, which are gobbling up the domestic market.

Oil prices extend gains, edge close to $60
Oil prices continued to edge higher in Asian trade Tuesday, extending gains on the view there is still more upside to come given tight supply, dealers said.

Malaysia eyes halal goods business
Halal shoes, meat and other foodstuffs have long been staples of households in the Muslim world.

GSM assoc plans to make mobile set available at $30
The GSM Association (GSMA), the global organisation representing the global system for mobile communication industry, has taken up an initiative to make cellphone sets available at less than US$30 a unit.

Blair wishes Bangladesh show in UK a success
British Prime Minister Tony Blair has lauded the initiative to hold "Expo-Bangladesh 2005", the first single country exhibition of Bangladeshi products in London, organisers said.

Lufthansa to merge with Swiss after EU approval
German carrier Lufthansa and Swiss International Air Lines are set to merge after the European Commission on Tuesday approved Lufthansa's acquisition of Swiss, in a further consolidation of European airlines.

New chairman of Trust Bank
Chief of Army Staff Lieutenant General Moeen U Ahmed, has been made chairman of Trust Bank Limited for a three-year term.

New DMD of Prime Ins
Ferdaus Ara Chowdhury has recently been made deputy managing director of Prime Insurance Company Ltd.
Prior to her new assignment, she was the assistant managing director of the company.

Euro drops to 13-month low against dollar
The euro fell to a fresh 13-month low point against the dollar on Tuesday in early European trading, before recovering slightly, while the US unit firmed against the yen.
The euro rose to 1.

EU hails US willingness to overturn farm subsidies
The European Union welcomed on Monday the "apparent willingness" of US President George W. Bush to overhaul farm subsidies in his country if the EU does the same.

Ceylon Bank opens Holiday Banking Centre
Commercial Bank of Ceylon Ltd (CBC) on Friday launched holiday banking services at its Dhanmondi branch in Dhaka.

Eastland Ins, CDBL sign agreement
Eastland Insurance Company Limited and Central Depository Bangladesh Ltd (CDBL) yesterday signed an agreement in Dhaka for dematerialisation of share certificates of the company.

Sanyo to cut 14,000 jobs
Japanese electronics maker Sanyo said Tuesday it will cut 15 percent of its workforce or more than 14,000 jobs in the next three years and refocus on eco-friendly technology in a bid to return to profit.