The Daily Star: Internet Edition Sun. July 10, 2005

Vol. 5 Num 398

Sun. July 10, 2005


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Business

KSA keen to set up training centre to recruit workers
Saudi recruitment committee tells FBCCI leaders
Saudi Arabia is keen to establish a training centre in Dhaka to facilitate more recruitment of skilled and semi-skilled manpower from Bangladesh.

Under-invoicing in import hurts local fabric industry
Import from China up by 65pc in first 6 months of last fiscal
Fabrics import through under-invoicing from China is hitting the textile industries hard, manufacturers said yesterday urging the government to take necessary steps to save local producers.

Doha trade round facing crisis: WTO chief
Negotiations on a global pact to lower trade barriers and boost economies in poorer countries are running into a "crisis of immobility", World Trade Organisation (WTO) chief Supachai Panitchpakdi said

China, US talks fail to find solution on textile quota row
China and the United States have failed at a second round of talks here to resolve a simmering row over US limits on Chinese clothing imports, the commerce ministry said Saturday.

Reliance Ins declares 33.33pc stock, 10pc cash dividends
Reliance Insurance Limited yesterday approved 33.

Ucep extends loan for self- employment
Underprivileged Children's Educational Programmes (Ucep)-Bangladesh, a non-government organisation, yesterday distributed loans among its 12 trained adults.

Qatar Airways flies non-stop to S'pore from July 15
Qatar Airways is upgrading its Doha-Singapore route with a new daily non-stop service operated by bigger capacity aircraft beginning on July 15.

Himadri Ltd okays 4pc dividend
Himadri Ltd, a concern of Ejab Group, has declared a four percent dividend for its shareholders for the year 2004.

IFC to facilitate trade between NE India, Bangladesh
International Finance Corporation (IFC), the private financing arm of World Bank, has developed several financial products to facilitate trade between NorthEast India and Bangladesh.

US to press China over market access, IPR at Beijing talks
The US government said Friday it would press China to open up its markets and protect intellectual property at annual trade talks in Beijing next week.

US denies EU offer on WTO farm talks
The United States denied Friday that it had received an offer from the European Union to unlock sensitive WTO talks on agricultural subsidies, an official said.
"The story is not accurate.

Japan to boost foreign aid by $10b in 5 years
Japan will boost its overseas aid by $10 billion over 5 years. Prime Minister Junichiro Koizumi said Friday a decision that comes as Tokyo pushes to become a permanent member of the UN Security Council.