The Daily Star: Internet Edition Thu. March 23, 2006

Vol. 5 Num 646

Thu. March 23, 2006


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Business

Dhaka-Delhi FTA to address trade deficit
Indian commerce minister says
India yesterday said the proposal for a free trade agreement (FTA) with Bangladesh should gain momentum, as it will substantially address the trade deficit issue repeatedly pressed by Dhaka.

Call for developing skilled manpower in telecoms
24th GSM Asia Pacific conference begins
GSM Asia Pacific conference began in Dhaka yesterday with a call to develop a pool of skilled human resources taking the advantage of the booming telecoms sector.

Toyota urged to set up plant in Bangladesh
Dhaka Mayor Sadeque Hossain Khoka has invited Toyota, the world's leading car maker, to set up a joint venture car manufacturing plant in Bangladesh.

Money transfer firm plans to open office in Dhaka
Western Union, a US-based money transfer company, is planing to set up a liaison office in Bangladesh.

Bangladeshi businesswoman invited to join advisory board in Denmark
Geeteara Safiya Chowdhury, managing director of Adcomm Limited, was recently invited by Danish Minister of Foreign Affairs Per Stig Moller to join a high-level advisory board.

Bank Asia recommends 30pc dividend
The Board of Directors of Bank Asia in its meeting held on Tuesday recommended 30 percent dividend, out of which 20 percent will be stock dividend and 10 percent cash dividend, for the year that ended

Tokyo bourse to spend 62b yen to avert systems overload
The Tokyo Stock Exchange said Wednesday it will spend 62 billion yen (529 million dollars) upgrading its computer system to cope with a surge in volumes that forced it to curtail trading hours.

US must maintain open economy: WTO
The United States remains a leading driver of the global economy and a key player in talks on liberalising global commerce, but there are concerns that Washington could get sidetracked by bilateral trade

Foreign investment to fuel Indian media growth
Indian media and entertainment revenues are set to grow at nearly 20 percent a year to 837 billion rupees (19 billion dollars) by 2010 from a foreign investment boom, a report said Wednesday.

Oil prices slip ahead of US stocks report
World oil prices fell on Wednesday as traders anticipated a healthy market update later in the day of crude stockpiles in the United States, the world's biggest energy consumer.

Al-Arafah Islami Bank recommends 26pc stock dividend
Al-Arafah Islami Bank Ltd has recommended 26 percent dividend in the form of bonus share.