The Daily Star: Internet Edition Sat. January 21, 2006

Vol. 5 Num 586

Sat. January 21, 2006


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Business

$100m fund for pvt sector infrastructure developers in the offing
The government is going to launch a project worth US$100 million for funding the private sector initiatives in infrastructure development projects offered by the World Bank (WB), official sources said.

Talks to find ways to rout poverty in Asia March 6
In a bid to build new forms of partnership to eradicate poverty in Asia, a two-day conference is going to be held in London from March 6.

Sony Ericsson posts robust 05 sales hike
Sony Ericsson, the world's fourth largest handset maker in terms of market share, has succeeded to exceed the market's expectation while announcing strong growth in volume of sales during 2005, whichwas

China textile chamber fears more US, EU trade penalties
A powerful Chinese textile organisation has warned there may be more US and European anti-dumping measures this year as prices on exports from the Asian giant have fallen steeply, state media said Friday.

Joint Exploration, Bidding
Indian energy corp sign MoU with Dutch firm
India's state-owned Oil and Natural Gas Corporation (ONGC) signed a memorandum of understanding (MoU) with Dutch energy major Royal Shell for joint exploration and bidding for overseas gas and oil assets.

S Alam Steel Mills gets SEC nod to float Tk 12cr IPO
The Securities and Exchange Commission (SEC) has approved the initial public offering (IPO) application of S Alam Cold Rolled Steel Mills Ltd to raise Tk 12 crore from the capital market.

Citigroup's 2005 net income $24.58b
Citigroup Inc, the owning company of Citibank, NA, Friday reported net (after tax) income of US$ 6.93 billion for the fourth quarter of 2005, or $1.37 per share.

Global trade talks pursued at meeting next week
Says Swiss ministry
About 30 ministers from key trading nations are expected to join an informal WTO meeting on the sidelines of the Davos World Economic Forum in Switzerland on January 27 and 28, the Swiss economics ministry

Asia Pacific ad spending hits record levels in 2005
Chinese consumers buying more lifestyle products drove advertisement spending in key Asia-Pacific media markets up 14 percent to a record 66.

Eskayef BD holds Agrovet Division's business confce
The Business Conference-2005 of Agrovet Division of Eskayef Bangladesh Limited was held at Dhaka Sheraton Hotel and BRAC-CDM, Rajendrapur, Gazipur on Thursday.

Oil prices surge past $67
Oil prices surged past 67 dollars a barrel in Asian trading Friday after Al-Qaeda leader Osama bin Laden threatened new attacks against the United States, dealers said.

Weekly Currency Roundup
Jan 15-Jan 19, 2006
Local FX Market
Demand for US dollar was high in this week and USD remained bullish against Bangladeshi taka.

Malaysian central bank maintains key interest rate
Malaysia's central bank said Friday it would maintain the overnight policy rate at its current level of three percent.