The Daily Star: Internet Edition Sat. January 28, 2006

Vol. 5 Num 593

Sat. January 28, 2006


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Business

Vegetable export needs freightage cut, testing
High freight cost, lack of testing laboratories and other infrastructural facilities are some of the hindrances that are holding back Bangladesh's potential of becoming a major frozen vegetable exporting

DCCI decries central bank's credit contraction move
Fears it would deter industrial, export growth
Dhaka Chamber of Commerce and Industry (DCCI) decried Bangladesh Bank (BB) initiative to control inflation by way of cutting down credit flow to 3.

India plans to liberalise textile machinery import
Eyes joint ventures to modernise local equipment
India is planning to liberalise imports of textile machinery and encourage joint ventures for domestic manufacturing to meet shortfall in demand.

Nokia still leads mobile phone market
Nokia Corporation, the world's largest mobile phone maker, has shipped a record volume of 265.

2-day ICT, development fair begins today
D.Net, a development research network, will celebrate its fifth anniversary today through a two-day ‘Development and ICT Fair’ at BRAC Center Inn at Mahakhali in Dhaka.

Ctg Int'l Trade Fair
Thailand to take part as partner country
Thailand will participate as partner country in the 14th Chittagong International Trade Fair (CITF) scheduled to begin February 15.

India unveils reform package to attract FDI
India unveiled a slew of big-ticket reforms to attract foreign direct investment with a first step towards partially opening the retail market to investors from abroad.

Oil prices climb above $67
Tension in leading oil producers Nigeria and Iran pushed prices back above US$67 a barrel on Friday as high stockpiles in the United States failed to calm investor nerves.

Janata Jute Mills declares 30pc dividend, 100pc bonus share
Janata Jute Mills Ltd has declared a 30 percent dividend and 100 percent bonus share for its shareholders for the fiscal year 2004-05.

Nepal's trade deficit widens by 51pc
Surge in imports and less than expected performance of major exportable commodities in the international market have widened the Nepal's trade deficit by 51 percent during the first four months of 2005/06

Five-day week for Malaysian banks
The Malaysian banks will implement a five-day working week from Feb 1 in a bid to encourage electronic banking and give bank employees more time off.

US urges WTO nations to take risks for trade deal
The United States on Thursday urged its trading partners to take risks and push for a balanced deal in struggling global trade talks, ahead of a meeting of WTO nations in Switzerland.

New BAIRA office bearers
MAH Selim and Ali Haidar Chowdhury have been elected president and secretary general of the executive committee of the Bangladesh Association of International Recruiting Agency (BAIRA) for 2006-08.

Dhaka Sheraton opens 'Model Room' at Parjatan's training institute
In a bid to help the trainees of tourism industry get better and practical knowledge about a five-star hotel, Dhaka Sheraton Hotel has recently opened a 'Model Room' at the National Hotel and TourismTraining

Weekly Currency Roundup
Jan 22-Jan 26, 2006
Local FX Market
Demand for US dollar was high in this week and USD remained bullish against Bangladeshi taka.