The Daily Star: Internet Edition Mon. April 17, 2006

Vol. 5 Num 669

Mon. April 17, 2006


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Business

Pharmaceuticals export doubles in two years
Bangladesh's pharmaceuticals export grew by around 11 per cent during July-February period of the current financial year and has been double in just two years.

Slow progress in ADP projects under communications ministry
Only forty per cent work of this year's ADP projects under the Ministry of Communications has been implemented so far. The progress is five per cent less than that of the corresponding period last year.

Sony Ericsson looks better, brightens outlook
World's fifth largest mobile phone maker, Sony Ericsson, has exceeded the analysts forecast by tripling its net income during first quarter while its 151 million euros (US$183.

Poultry imports from 7 more countries to be banned
The government is going to ban poultry imports from another seven bird flu-hit countries to check outbreak of the virus in the country.

China GDP grows 10.2pc in Q1
China's gross domestic product grew by 10.2 per cent in the first quarter of this year on the back of fast-paced trade growth, Chinese President Hu Jintao said in a televised speech.

Jetro gets new representative
Tomohiro Kinomoto has been appointed new representative of Japan External Trade Organisation (Jetro) in Dhaka, replacing Sotaro Nishikawa. He joined the Dhaka office on April 1, says a press release.

Islami Bank recommends 25pc stock dividend
The board of directors of Islami Bank Bangladesh Limited has recommended 25 per cent stock dividend for the year 2005.

ROK economy may grow 5.3pc in '06
South Korea's economy is expected to expand 5.3 per cent this year on strong exports and a recovery in consumer spending, a state-run economic think-tank said Sunday.

G7 powers meet as oil prices smash new highs
Finance ministers from the powerful G7 club of nations convene here this week to tackle headaches posed by surging oil prices and global currency rates as China's leader comes to town.

China blamed for Asian forex distortions
US experts say
A decade ago, China was hailed Asia's saviour for stoutly defending its currency peg to the US dollar and containing the region's worst financial crisis.