The Daily Star: Internet Edition Mon. January 16, 2006

Vol. 5 Num 581

Mon. January 16, 2006


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Business

Operators protest BTRC order to stop free-call offers
Mobile phone operators have strongly criticised the recent order of the telecoms regulator that asked the cellphone companies to discontinue their free-call facilities late into the night.

Gainers outnumber losers in thin trade
Bourses resume trading after Eid break
Following a five-day Eid hibernation, stock markets resumed trading yesterday with gainers outnumbering losers on both the bourses amid thin trading.

Norway govt decries male-dominated Telenor management
Telenor, the 62 percent owner of GrameenPhone, announced a major restructure on Tuesday but the Norwegian government has sharply criticised the male-dominated hierarchical composition of its state-owned

Call money rate still high
Inter-bank call money rate still remained high yesterday with the rate ranging between 20 percent and 25 percent. The rate jumped to 52 percent on the last working day before the Eid vacation.

Jet Airways, Air Sahara in talks for strategic alliance
In what could signal the start of consolidation in the increasingly competitive civil aviation sector in India, two leading private carriers Jet Airways and Air Sahara are in talks for a strategic alliance.

Emir's death won't affect oil output: Kuwait
Kuwait's top oil executives said Sunday that the death of Emir Sheikh Jaber al-Ahmad al-Sabah will not affect oil production in the emirate, which pumps some 2.6 million barrels per day (bpd).

Chidambaram finance minister of 2005 for Asia: Banker
Indian Finance Minister P Chidambaram has been named the finance minister of the year 2005 for Asia by 'Banker' magazine for pushing reforms and reining in fiscal deficit.

Japan plans to woo foreign investors
Japan plans to step up measures to woo foreign firms to purchase companies or make other direct investment here in a bid to invigorate its economy, a report said Sunday.

China's forex reserves up to $818.9b in 2005
China's foreign exchange reserves reached 818.9 billion dollars at the end of 2005, up 34.3 percent year-on-year, state press announced Sunday, citing central bank figures.

China reports surge in home-made vehicle sales in 2005
China, the world's second biggest auto market, witnessed a surge in output and sales of home-made vehicles in 2005, both surpassing 5.7 million units.

Prudente to take part in Asian Aerospace 2006 Exhibition
Prudente Aviation Consultancy Ltd, a local aviation-solution providing company, will take part in the Asian Aerospace 2006 Exhibition to be held from February 21 to 26 in Singapore.

Trade officials from 30 states to resume talks this month
Says Indian minister
Top trade officials from 30 countries plan to resume talks this month on a new global treaty based on an agreement made at the World Trade Organization meeting in Hong Kong, India's commerce ministersaid

China for more Taiwan investment in mainland
Chinese President Hu Jintao has pledged better economic conditions for Taiwanese companies investing in the mainland and urged the island to establish direct links with China, state press said Sunday.