The Daily Star: Internet Edition Thu. February 09, 2006

Vol. 5 Num 605

Thu. February 09, 2006


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Business

Give Bangladesh RMG free access to US
FM urges Washington as US Trade Show 2006 opens
Foreign Minister M Morshed Khan yesterday urged the US to provide Bangladesh's some of readymade garment products with duty-free access to its market.

Indian non-tariff barriers impede regional trade
Economists, trade experts tell BEI seminar
Economists and trade experts at a seminar yesterday strongly blamed Indian bureaucracy for discouraging trade in the region, saying the country is using non-tariff barriers to discourage exports fromother

Treasury, transaction services help Citibank post 73pc growth in operating profit
When majority of the private commercial banks primarily focus on loan disbursement for making profits, a leading foreign commercial bank, Citibank NA, has been successful in significantly increasing its

Ericsson to set up full-fledged company in Bangladesh
Swedish telecoms equipment major Ericsson yesterday announced establishment of a full-fledged company in Bangladesh with a commitment to invest more in the country.

Textile, RMG machinery show begins
Textile and Jute Minister Shajahan Siraj yesterday invited both local and foreign entrepreneurs to invest in the country's textile industry, particularly in woven sub-sector, to face the challenges of

Dollar reaches Tk 69.75 for LC opening
Dollar prices reached highest Tk 69.75 in case of opening Letter of Credit (L/C) for import yesterday, up by 0.20 from the previous day due to acute dollar crisis.

S Korea, India aim to sign FTA by 2007
S Korea and India announced on Tuesday the start of negotiations aimed at signing a free trade deal by the end of next year.

'Economic zones key to developing private sector'
Energy Ministry Adviser Mahmudur Rahman Tuesday stressed the need for strategic development of economic zones in Bangladesh to expedite growth and development of the private sector.

Eskayef launches Losectil powder for oral suspension
Eskayef Bangladesh Ltd, one of the leading pharmaceutical companies, has launched omeprazole (Losectil) powder for oral suspension in 20mg and 40mg sachets for the first time in the country.

Long road to G8 membership for China, India: Analysts
With vibrant economies and more than a billion people each, China and India might seem obvious candidates for the Group of Eight (G8), but analysts say the road to membership will be long.

US 'pleased' over WTO ruling on GM crops
The United States on Tuesday welcomed a World Trade Organization ruling that found the European Union put up unfair restrictions on genetically modified crops.

Dollar posts modest gains
The dollar moved higher against the euro and the yen in Wednesday trade, while dealers dismissed speculation that Japan could end its stimulative monetary policy.