The Daily Star: Internet Edition Fri. September 30, 2005

Vol. 5 Num 479

Fri. September 30, 2005


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Business

Cut yarn prices or face open import from India
Finance minister warns local manufacturers
Finance Minister M Saifur Rahman yesterday cautioned if domestic manufacturers do not reduce yarn prices, the floodgates will be opened allowing import from India through the land ports within a month.

Strike halts Indian financial activities
A nationwide strike called by Left-backed trade unions protesting Indian government's economic reforms hit financial, industrial and airlines services activities across the country yesterday.

Foreign investment surges in developing countries
Says Unctad
Global investment flows have recovered from a three-year decline, with the rebound fuelled by global corporations' operations in developing countries, a UN report said Thursday.

Oil prices higher above $66 in Asian trade
Oil prices rose in Asian trade Thursday as US refineries shut down by two powerful hurricanes were slow to reopen, raising fresh concerns over supplies, dealers said.

US, China textile talks end without agreement
China said Thursday that textile talks in Washington with the United States had ended without an agreement being reached and that another round of negotiations would be held.

BGMEA seeks Saarc cumulation
BGMEA President Annisul Huq yesterday urged the government to consider whether or not they should try Saarc cumulation for increasing garment exports to the EU market.

Bangladesh single country fair kicks off in Kathmandu
In a bid to boost trade relations between the two South Asian countries, a five-day Bangladesh single country fair began in the Nepalese capital of Kathmandu yesterday.

GP introduces voice SMS
GrameenPhone Ltd has introduced voice SMS, which will enable subscribers to send voice messages in any language at a lower cost.

Bangladesh to export drugs to North Africa from next yr
Export market of Bangladeshi pharmaceuticals will expand to North Africa in March next year, Bangladesh Association of Pharmaceuticals Industry (Bapi) President SM Shafiuzzaman said yesterday.

Intraco to distribute CNG compressors of Korean co
Intraco CNG Ltd, a concern of Hotel Agrabad Group, will distribute CNG (compressed natural gas) compressors of Korea-based Kwangshin Machine Industry Co Ltd in Bangladesh.

Asean calls on WTO to implement Doha agreement in Hong Kong
Southeast Asian economic ministers Thursday called on World Trade Organisation (WTO) members to implement the Doha agreement when they gather in Hong Kong later this year.

BEI's dialogue to enhance competition awareness
Bangladesh Enterprise Institute (BEI) organised a national dialogue on Tuesday to enhance awareness about the need for a functional competition regime for the country.