The Daily Star: Internet Edition Sun. April 23, 2006

Vol. 5 Num 675

Sun. April 23, 2006


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Business

EU Anti-dumping Duties on China, Vietnam Shoes
Leather exporters see bright prospect in EU
Bangladeshi leather exporters see a huge potential in European market following the imposition of anti-dumping duties on leather shoes from China and Vietnam.

Hassles Facing Indian Importers of Bangladeshi Goods
Joint group of customs meets in Dhaka next month
The Bangladesh-India Joint Group of Customs meets here early next month in an effort to remove the hassles facing Indian importers of Bangladeshi products on their side along the two-way trading line.

Ericsson takes a deep breath in first quarter
Posts 24pc sales growth
Telefonaktiebolaget LM Ericsson, the world's largest cellular mobile network maker, has posted year-on-year sales growth in the first quarter but its recent acquisition of Marconi has predictably eroded

Brac Bank IT fair begins
A three-day IT fair began in Dhaka yesterday with an objective to promote ICT as a potential development tool.

Trust Bank approves 12pc cash dividend
The Trust Bank Limited has approved 12 per cent cash dividend for the year 2005. The dividend was approved at the 7th annual general meeting of the bank in Dhaka Tuesday, says a press release.

G7 vows to resist protectionism
Pledges support for Doha round
The Group of Seven industrialized nations pledged support Friday for the faltering Doha round of trade liberalization talks and vowed to resist protectionism.

CRISL updates Shahajalal Islami Bank's rating
Credit Rating Information and Services Limited (CRISL), a rating agency, has upgraded the rating of Shahajalal Islami Bank Limited to 'BBB-' from 'BB' in the long term and to 'ST-3' from 'ST-4' in the

LG introduces picture-frame air conditioner
LG Electronics (LG), a leading air conditioner maker , has introduced the world’s first picture-frame air conditioner as part of its new ARTCOOL range.

Qatar to invest $5b to boost oil production
Qatar's oil minister said Saturday that his gas-rich country is investing five billion dollars to boost oil production to 1.1 million barrels per day by 2009.

G-24 calls for political commitment to world trade talks
Ministers of the Intergovernmental Group of Twenty-Four (G-24) have called for renewed political commitment by rich and poor nations to make progress in thecritical global trade liberalization talks that

ADF okays debt relief to 13 African states
The African Development Fund (ADF) has approved 8.5 billion US dollars for financing debt relief to low-income countries in Africa under the fund's multilateral debt relief initiative (MDRI).

MRDI starts advocacy session for journalists
The Management and Resources Development Initiative (MRDI) has inaugurated its first advocacy session for journalists on WTO and trade issues in Barisal yesterday.

More Chinese banks seen listing at home
Chinese banks will increasingly opt to list shares at home as China's financial markets mature, a senior banking regulator said on Saturday.

Dollar no longer absolute int'l reference currency: Russia
Russia contends that the dollar is no longer the absolute reference currency for international foreign exchange reserves, Russian Finance Minister Alexei Kudrin said here Friday ahead of a meeting ofGroup