The Daily Star: Internet Edition Sun. October 02, 2005

Vol. 5 Num 481

Sun. October 02, 2005


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Business

Rapid trade liberalisation costs Bangladesh dearly
Says Tofail as Batexpo-2005 ends
Former commerce minister Tofail Ahmed yesterday said rapid trade liberalisation has cost Bangladesh dearly as the country has become a market of other nations.

Local float glass factory goes into production
PHP Float Glass Industries Limited, a newly established glass manufacturing company in Chittagong, has started commercial production of glasses with the thickness ranging from 2mm to 12mm.

Task force needed to up trade between Dhaka, Kathmandu
Seminar told
As the trade volume between Bangladesh and Nepal has decreased drastically over the decade, both the countries should form a task force to identify the hurdles and take possible measures to overcome those,

Media role seen as key to creating awareness of corporate governance
Media's role is crucial to create awareness of corporate governance in business houses, speakers said at a roundtable in Dhaka yesterday.

Mercantile Bank waives interest on loans of RMG entrepreneurs
Mercantile Bank Limited, a private-sector commercial bank, yesterday announced the waiver of all the interests on loans taken by textile and apparel entrepreneurs.

CityCell launches new package
Mobile phone operator CityCell yesterday announced a new package, which offers no charge for outgoing calls to any CityCell number during its super off-peak hours (11pm to 8am) until March 31 next year.

OIC calls for Islamic free trade area
The 57-member Organisation of the Islamic Conference on Saturday urged Muslim nations and business leaders to support an Islamic free trade area, saying it was the way forward for economic progress.

Berger young architects' award handed over
The prize giving ceremony of second "Berger Young Architects' Award 2005" was held in Dhaka on Thursday.

American Airlines blames fuel prices as services cut
American Airlines said Friday that because of "skyrocketing" fuel prices it was suspending 15 round-trip flights and scrapping its service between Chicago and the Japanese city of Nagoya.

South American trade summit founders
A South American trade summit barely got off the ground Friday, with the absence of key leaders and the opposition of Venezuelan President Hugo Chavez.

Limo Traders distributor of RanksTel products
Limo Traders Ltd will distribute the products of Ranks Telecom (RanksTel) Ltd, a public switched telephone network (PSTN) operator and concern of Rangs Group, throughout the country.

US delays ruling on new China textiles quotas
The US government put off a decision Friday on slapping extra quotas on a variety of Chinese garment imports pending new negotiations with China to resolve a textiles trade row.

ROK export data boosts rates hike chances
South Korean exports in September rose a stronger-than-expected 18.

Disputed Gas Fields
Japan, China end talks without agreement
Japan and China ended two days of high-level talks on exploring energy resources in a disputed area of the East China Sea without agreement Saturday but decided to meet again this month, a Japanese official

Malaysia, Pakistan sign trade pact
Malaysia and Pakistan on Saturday signed a trade pact ahead of a wider free-trade agreement as part of efforts to boost economic ties between the two majority-Muslim nations.

World's biggest banking group launched in Japan
The world's biggest banking group in terms of assets was launched in Japan on Saturday through the merger of Mitsubishi Tokyo Financial Group Inc. and UFJ Holdings Inc.