Vol. 5 Num 600 Sat. February 04, 2006    
 
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Business
 
BB urged to withdraw 10pc tax on interest of term deposits
Bangladesh Leasing & Finance Companies Association (BLFCA) has urged the central bank to withdraw imposition of 10 percent tax at source on the interest of term deposits.
 
Melamine makers urged to take safety measures in factories
Speakers at a seminar stressed the need for using personal protective equipment (PPE) system in melamine industry to boost export of Bangladeshi melamine products.
Picture
SME banking road show in Ctg
In a bid to help the small and medium enterprises (SMEs) grow further, a three-day 'SME Banking Road Show' began in the port city on Thursday.
 
China auto output, sales to cross 6.4m units in '06
China's output and sales of motor vehicles will maintain a rapid growth of 12 percent to top 6.4 million units in 2006, predicted an official in charge of the China Association of Auto Manufacturers (CAAM).
 
India economy inching towards 8-10pc growth
Optimistic of India's double digit growth in the coming years, Prime Minister Manmohan Singh Wednesday outlined the need to carry out reforms in power sector, increase credit to farm sector and cut government's
 
India will not compromise on farm subsidy
Ruling out any compromise on the question of agriculture subsidy at the WTO talks, India has agreed with the European Union to work for better bilateral trade ties.
 
Bangladesh needs to follow Basel roadmap
BB workshop told
Bangladesh will have to follow the roadmap of Basel implementation soon to remain in line with the international banking system, observed Jamal Uddin Ahmad, chairman of Credit Rating Information and Services
 
Air-India flight timings back to normal
Air-India's flight timings to Dhaka are back to normal with the airline resuming its regular flight schedule.
 
Nepal’s forex reserve up by 7pc
The Nepali central bank on Wednesday reported a sound growth in foreign currency reserve during the first four months of the current fiscal year (July 16, 2005 to July 15, 2006).
 
China economy soars 9.9pc in '05
China maintained its solid growth momentum in 2005, with an increase of 9.9 per cent in its GDP amid oil price hikes, trade disputes and frequent disasters.
 
India, UK to boost ties in SME, film, media
Trade and investment ties between India and the United Kingdom are poised for rapid growth as the two countries have identified two new areas of cooperation -- small and medium enterprises (SME) and creative
 
Oil prices higher
Oil prices rose on Friday as market attention returned to the nuclear crisis over Iran, dealers said.
 
Japan's Hitachi suffers net profit fall
Japan's Hitachi said Friday its net profit fell 79 percent in the December quarter due to an absence of one-off gains that lifted the previous year's bottom line and to losses in hard-disk drives.
 
Weekly Currency Roundup
Jan 29-Feb 02, 2006
Local FX Market

Demand for US dollar was high in this week and USD remained bullish against Bangladeshi taka
Money Market
In the Treasury bill auction held

 

 
   
 
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