The Daily Star: Internet Edition Sun. September 25, 2005

Vol. 5 Num 474

Sun. September 25, 2005


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Business

Bid to achieve $1000 per capita income by 2021
Dhaka chamber unveils 'Vision 2021' today
The Dhaka Chamber of Commerce and Industry (DCCI) is going to launch today a national economic vision styled 'Vision 2021' to achieve US$ 1000 per capita income by 2021.

Jute industry may collapse in 3-5 yrs
Experts fear
Bangladesh jute industry may totally collapse within the next 3-5 years if the present alarming trend in the sector continues, jute experts feared at a seminar yesterday.

Bangladesh, Nepal to devise plan to push for US TRADE bill
Bangladesh and Nepal will sit together this week to find out joint strategies to lobby for duty-free market access of readymade garments to the US.

Bangladesh fair in Kathmandu begins Sept 29
Bangladesh Embassy in Nepal and Export Promotion Bureau (EPB) will jointly organise a five-day Bangladesh single country fair in Kathmandu beginning on September 29.

China firm to set up gas meter plant in Bangladesh
The government has given the nod to a proposal of a Chinese company to set up a gas meter plant in Bangladesh, official sources said.

DHL Asia Pacific CEO due today
Scott Price, chief executive officer of DHL Express (Asia Pacific), will arrive in Dhaka today on a three-day official visit, says a press release.

IDLC Home Loan Shield launched
IDLC of Bangladesh Ltd, a multi product financial institution, has recently launched a specially designed life insurance coverage -- Home Loan Shield-- for its home loan customers.

China likely to open skies to private flyers around 2010: Report
China is likely to lift restrictions on use of its low-altitude airspace around 2010 which would open the skies to private light aircraft, a report said Saturday.

ROK mulls clearing way to FTA with US
South Korea will seriously consider resolving trade issues with the United States that are dampening efforts to forge a free-trade agreement, South Korean Deputy Prime Minister Han Duck-Soo said Friday.

China's forex reserves up
China's foreign exchange reserves rose by more than $10 billion in August, a senior official of the ruling Communist Party said.

World Bank-IMF talks face bargaining on debt relief
Financial leaders from across the world were to open annual meetings of the World Bank and IMF Saturday battling to sign off on an ambitious debt cancellation plan designed to transform the poorest nations.

G7 calls for more oil investment, issues debt pledge
Group of Seven countries, warning that soaring energy costs could threaten global growth, called Friday for stepped-up refinery investment and pledged to finance an ambitious debt cancellation schemefor

India needs more investments to raise growth: IMF
India is set to continue to grow rapidly, but will need to cut its fiscal deficit and invest more in infrastructure to sustain growth and reduce poverty, the IMF's top official for India said Friday.

Developing states dig in on IMF quota change
Developing countries piled pressure on the world's industrial powers Friday to give them more say in the running of global lenders as a David-and-Goliath rivalry heated up on the eve of the twice yearly