The Daily Star: Internet Edition Fri. March 24, 2006

Vol. 5 Num 647

Fri. March 24, 2006


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Business

Cellphone firms seek stable regulatory environment
GSM Asia Pacific confce ends; Banglalink's Mehboob Chy new chairman
GSM Asia Pacific conference ended in Dhaka yesterday stressing the need for a supportive regulatory regime for mobile phone operators.

BB monitoring profit repatriation by foreign companies: Governor
Bangladesh Bank (BB) Governor Salehuddin Ahmed yesterday said the BB has started monitoring profit repatriation by foreign companies, particularly cellphone operators, to contain volatility in the foreign

First-ever pottery trade fair kicks off
The first-ever pottery trade fair began at Bashundhara Exhibition Centre in Dhaka yesterday with a view to creating business opportunities for rural potters.

Leather service centre opens
Bangladesh Leather Service Centre (BLSC) was inaugurated at Bangladesh College of Leather Technology in Dhaka. Commerce Minister Altaf Hossain Choudhury formally inaugurated the centre.

55 vie for 27 directors of BKMEA
Bangladesh Knitwear Manufacturer and Exporter Association (BKMEA) election scheduled for April 8 will be a direct clash between the 'Knit Oikya Parishad' and the 'Sammilita Knit Forum'.

WTO Trade Talks
Lamy for concessions from big powers
The European Union, the United States and big developing countries must make concessions in global trade liberalisation talks, which are at a critical juncture, WTO Director General Pascal Lamy said Thursday.

Protectionism clouds EU economic summit
EU leaders gather for an economic summit Thursday aimed at giving a shot in the arm to Europe's long-flagging economy, but resurgent protectionism will cast a long shadow over the talks.

Beijing accuses Washington of undermining world trade
China accused the United States on Thursday of severely undermining the world trade system and insisted US policies were to blame for the huge trade deficit between the two nations.

EU to offer 500m euros to LatAm water projects
The European Union (EU) has agreed to offer 500 million euros in aid for Latin American water projects, Spanish Minister of Environment Cristina Narbona said Wednesday.

New Singer Plus store in Dinajpur
Singer has expanded its sales network by opening a new Singer Plus store at New Town in Dinajpur on Tuesday.

Oil prices rally
World oil prices rose on Wednesday following news that US crude stockpiles fell unexpectedly last week, dealers said.

Malaysia Proton cars to be cheaper
Malaysian Prime Minister Abdullah Ahmad Badawi said Thursday that prices of cars built by national makers Proton and Perodua, and some foreign makes, will fall following a new auto policy.