The Daily Star: Internet Edition Tue. July 11, 2006

Vol. 5 Num 754

Tue. July 11, 2006


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Business

Macroeconomic indicators still positive but challenges ahead
Says ADB South Asia DG
The country's macroeconomic fundamentals still remain positive, although a number of challenges continue to pose risks to the macroeconomic performance in the period ahead, said Kunio Senga, directorgeneral

Congestion in Ctg Port
Feeder vessel operators realising surcharge despite stay order
Feeder vessel operators are still realising the surcharge what they said to recover losses stemming from the congestion at Chittagong Port, although High Court has stayed the collection of congestionsurcharge.

India's apex chamber for multilateral FTAs
India's apex chamber of industries prefers multilateral free trade agreements (FTAs) under WTO to bilateral ones on liberalisation of trade and investment, saying the former were more suitable for India.

Doha Round Talks
WB president seeks accord on global trade
World Bank President Paul Wolfowitz on Monday urged the leaders of the Group of Eight as well as of Brazil, China, India, Mexico and South Africa to reach an agreement in the Doha round trade talks when

China trade surplus rises to record
China's June trade surplus widened to a record 14.5 billion dollars as domestic demand slipped on the back of government moves to tighten up on the fast growing economy, analysts said Monday.

Scuffles erupt as South Korea downbeat on US trade pact
Protesters scuffled with riot police Monday as the United States and South Korea opened fresh negotiations aimed at forging a free trade pact which labor unions here have vowed to fight.

Oil prices fall further from record levels
Oil prices slipped from last week's record peaks but losses were capped by continued concerns over Iran and North Korea, traders said.

S’pore growth slows in Q2
Singapore's economic growth slowed in the second quarter to 7.5 percent year-on-year on a weaker manufacturing sector, but analysts said Monday its 5.0-7.0 percent target for the year was still achievable.

City Bank approves 50pc stock dividend
The City Bank Ltd has approved a 50 per cent stock dividend for its shareholders for the year 2005.

Phoenix Leasing declares 25pc stock dividend
Phoenix Leasing Company Ltd has declared a 25 per cent stock dividend for its shareholders for the year 2005.

Re-elected chairman of Prime Finance
Md Aminul Haque, a founder director of Prime Bank Ltd and Greenland Engineers and Tractors Co Ltd, has been re-elected chairman of Prime Finance & Investment Ltd.

New DMD of Uttara Bank
Shaikh Abdul Aziz has been appointed deputy managing director of Uttara Bank Ltd. Prior to this assignment, he was the assistant managing director of the bank, says a press release.

Euro steady against dollar
The euro stood close to a one-month high point against the dollar on Monday, while the yen firmed as Japan prepared for its first rate rise for almost six years, dealers said. The euro stood at 1.

Energy security to be key issue at G8 summit
The question of energy security -- ensuring a safe, steady flow of energy -- is one of the key issues to be discussed at the July 15-17 G8 summit in Saint Petersburg.

EXIM Bank approves 30pc bonus share
Export Import (EXIM) Bank of Bangladesh Ltd has approved a 30 per cent bonus share for the year 2005.