The Daily Star: Internet Edition Sun. January 01, 2006

Vol. 5 Num 569

Sun. January 01, 2006


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Business

2005 ushers in challenges, opportunities: MCCI
Metropolitan Chamber of Commerce and Industry (MCCI) yesterday said the year 2005 ushered in both challenges and opportunities for the country.

Capital market witnesses negative trend last year
Shows signs of resilience, maturity
Although the country's capital market witnessed a negative trend in 2005, it finished the year with some signs of resilience and maturity overcoming many ups and downs in indices.

Safta Accord
India’s trade with Saarc states may rise 300pc by 2015
Says chamber
With Safta (South Asian Free Trade Area) set to go into force from this year, India's trade with the Saarc countries may touch Rs 100,000 crore by 2015 from Rs 25,000 crore now, marking a 300 percentincrease,

Outcomes of HK WTO Ministerial
CPD's reflections from Bangladesh perspective
continued from Dec 31
Waiver on TRIPS
According to the Marrakesh Agreement that established the WTO, LDCs were given 10 years to implement the TRIPS Agreement.

Malaysian Maxis to buy 65pc stake in Indian Aircel
Malaysia's largest mobile phone operator Maxis Communications on Friday entered into partnership with the Reddy family to buy out Indian cellphone service provider Aircel for $1.

Jute Spinner okays 17.5pc dividend
The 100 percent export-oriented jute yard manufacturing industry, Jute Spinners Ltd has declared 17 and half percent dividend for its shareholders for the year 2004-05.

Asian Textile launches 3 products
Asian Textile Mills Ltd, an export-oriented factory, yesterday launched three textile products at its stall at Dhaka International Trade Fair (DITF).

China makes good progress in foreign trade in 2005
China's import and export volume this year is expected to exceed 1.

US markets hope for rebound after gloomy end to '05
US stock market players hope for a rebound in the first week of 2006 after 2005 drew to a gloomy close for the blue-chip Dow average.
Over the past week, the Dow Jones Industrial Average lost 1.

India to release 3.65m tonnes of sugar in Q1
The Indian government announced yesterday the release to the market of 3.65 million tonnes of sugar during the January-March quarter to ensure adequate supply and keep prices in check.