The Daily Star: Internet Edition Fri. June 30, 2006

Vol. 5 Num 743

Fri. June 30, 2006


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Business

Local businesses not ready as Safta comes into force tomorrow
Roundtable told
As the Safta comes into force tomorrow, local businesses at a roundtable yesterday said they are not ready for trade under the regional agreement.

4 IPOs get SEC clearance
The Securities and Exchange Commission (SEC) has approved the initial public offerings (IPOs) applications of four companies to raise a total of Tk 53.2 crore from the capital market.

Share extra production costs as labour wages rise
Knitwear exporters urge buyers
The country's knitwear exporters yesterday urged the buyers to share the additional expenditures for production that resulted from increase in labour wages and implementation of compliance issues.

Free trade spurs growth but widens inequality in Asia
Says UNDP
Free trade has spurred record economic growth in the Asia-Pacific but also widened income inequality as unskilled workers are left behind by globalization, a UN report said Thursday.

Lankan trade fair to begin in Dhaka July 13
In a bid to boost trade relations between Bangladesh and Sri Lanka, a four-day single country 'Sri Lanka Trade Fair 2006' will begin in Dhaka on July 13.

Etihad Airways opens Abu Dhabi sales outlet
Etihad Airways, the national flag carrier of United Arab Emirates, has opened a new sales outlet in Abu Dhabi to help its customers purchase tickets and make enquiries easily.

Novartis launches new drug
Novartis has launched a calcium and vitamin D supplement named “Sandocal-D”. Vitamin D stimulates intestinal calcium absorptions and enhances the bone building process itself, says a press release.

HSBC Asia Pacific CEO visits Dhaka
Michael RP Smith (OBE), president and chief executive officer of The Hongkong and Shanghai Banking Corporation Ltd (HSBC Asia Pacific) and chairman of Hang Seng Bank, visited Bangladesh between June 25

Rehab fair in New York begins July 7
Inspired by off-the country sales from housing fairs since 2001, Real Estate and Housing Association of Bangladesh (Rehab) is going to organise another fair in New York from July 7, the association general

BGIC okays 15pc stock dividend
Bangladesh General Insurance Company (BGIC) Ltd has declared a 15 per cent stock dividend for its shareholders for the year 2005.

China expands free trade pact with HK
China expanded its free trade pact with Hong Kong on Thursday, further liberalising trade in goods and services between the mainland and the former British colony.

US posts 5.6pc growth in Q1
The US economy expanded at 5.6 per cent pace in the first quarter, the government said Thursday, revising upward its last estimate of a 5.3 per cent growth rate.

WTO nations joust over Doha Round deadlock
World Trade Organisation (WTO) nations on Thursday jousted over the enduring deadlock in negotiations on a treaty that would tear down barriers to global commerce.

US weekly jobless claims rise 4,000
The number of people filing first-time claims for US unemployment benefits rose 4,000 to 313,000 in the latest week, the Labor Department said Thursday, but a key indicator fell to a four-month low.