The Daily Star: Internet Edition Wed. December 21, 2005

Vol. 5 Num 558

Wed. December 21, 2005


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Business

Banglalink reaches 1m subscribers
Announces two promotional offers
Banglalink's subscribers' base has crossed one-million mark and the cellphone service provider hopes to reach three million users by end 2006, officials announced yesterday in Dhaka.

Int'l plastic goods fair begins tomorrow
A four-day international fair of plastic goods will begin at Bangladesh-China Friendship Conference Centre in Dhaka tomorrow aiming at expanding export market for Bangladeshi plastic goods.

Citigroup plans to hold financial edn summit in Bangladesh
Citigroup plans to hold an international financial education summit in Bangladesh.

IMF urges poorer nations to stick to WTO goals
IMF chief Rodrigo Rato called on developing countries not to retreat behind a wall of protectionism as he urged WTO members to wrap up a global trade deal next year.

Tokyo exchange chief, executives resign over system failures
The president and other executives at Japan's largest bourse have resigned following two massive computer system failures, including one that caused massive losses at a major brokerage house, the Tokyo

New brokerage house starts operations
Primet Securities Limited (PSL), a new brokerage house, yesterday started operations, committing to providing most modern online share trading services on Dhaka Stock Exchange Limited (DSE).

SEC warns 15 depository participants
The Securities and Exchange Commission (SEC) warned 15 depository participants (DPs) for keeping their clients' shares in the clearing accounts on the record date instead of keeping those shares in clients'

Natural disasters cause record losses for insurers in 2005
Natural disasters caused about 225 billion dollars (187.

Traders stop import of fruits from Bhutan
Prices of orange and apple have shot up by about 20 percent in the last three days following a sudden strike enforced by fruits importers on Saturday.

Bank Asia signs deal with CDBL
Bank Asia Limited yesterday signed an agreement with the Central Depository Bangladesh Ltd (CDBL) in Dhaka.

DCCI gets new president
MA Momen has been elected president of Dhaka Chamber of Commerce and Industry (DCCI) for the year 2006.

HK CR Airways orders 40 new Boeing planes
A Hong Kong charter airline CR Airways on Tuesday signed a memorandum of understanding to buy 30 new Boeing 737-800 aircraft and 10 B787s in a deal worth 3.31 billion US dollars.

Soft drink 7Up Ice launched
New menthol-flavoured soft drink, 7Up Ice, was launched in Dhaka yesterday, says a press release.
GQ Chowdhury, executive director of Transcom Beverages Ltd, formally launched the new product at afunction.

Oil prices rebound
World oil prices rose on Tuesday, but the upturn may only be technical, given forecasts of warmer weather in major energy consumer the United States, analysts said.

China's GDP revision both blessing and curse
Beijing upgrades 2004 GDP growth to 16.8pc
A jump of nearly 300 billion dollars in the worth of China's economy confirmed long-held suspicions that Beijing's statistics were wildly inaccurate as analysts warned Tuesday the change was both a blessing

Multi-brand store of Singer opens in Dhaka
Singer Asia President and CEO Gavin Walker formally inaugurated Singer's first large format multi-brand store at Nikunja in Dhaka on Monday, says a press release.