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Business
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Weak governance obstacle to tapping economic potential
Speakers at Safa confce say
Confrontational politics, weak governance, corruption and poor infrastructure are some of the major problems the South Asian countries are facing to tap their economic potentials, said speakers at a regional
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Allow zero tariff facility to all exports from LDCs
ICC-B urges G8 leaders
International Chamber of Commerce-Bangladesh (ICC-B) yesterday urged the rich and affluent countries, including those in the G8 club, to come forward and take the lead role in freeing the world from poverty.
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Saudi prince keen to invest $5-6b
Sends team Tuesday to lay stake on Rupali Bank sale
A four-member investment team from Saudi Arabia arrives here Tuesday to participate in an international bidding floated by the government for selling off the state-owned Rupali Bank.
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Political crisis hits hard economic security
Seminar told
Pervasive corruption, poor governance and gross violation of the constitution together with persisting political crisis hit hard the economic security in the country, economists at a seminar observedyesterday.
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Dollar rises as unrest roils Middle East
The dollar continued its rise against other major currencies on Friday despite a surprise drop in US retail sales last month as violence continued to roil the Middle East.
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Nissan, Renault won't take over GM
The chief executive of Renault SA and Nissan Motor Corp. reassured the Detroit auto world Friday that his companies have no intention of taking over General Motors Corp., the world's biggest automaker.
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Chairman of Agrani Ins re-elected
Zaker Ahmed has been re-elected chairman of Agrani Insurance Co Ltd. The Board of Directors of the company re-elected him chairman at a meeting held recently, says a press release.
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Green Delta Ins chairman re-elected
The Board of Directors of Green Delta Insurance Company at a meeting re-elected AZ Mohammad Hossain chairman of the company and M Muhibur Rahman as well as Farida R Ahmed as the company's vice chairmen.
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No WTO deal for Russia at G8 summit
Russian hopes for a WTO accession accord with the United States to crown its G8 summit here were dashed Saturday as negotiators failed to strike a deal, but US President George W.
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Brunei sultan for economic diversification
Brunei's Sultan Hassanal Bolkiah used his birthday speech Saturday to call for economic diversification and better planning to ensure continued prosperity in the tiny oil-rich nation.
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China defends trade surplus
A key commerce official has defended China's rising trade surplus as remaining at an "acceptable level," while revealing that the growth of foreign investment in the country is slowing down.
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$1b silicon wafer plant to be built in Singapore
Two global technology giants have given a further boost to Singapore's semiconductor industry, pumping in US$1 billion to build a new plant to make cutting-edge silicon wafers used in popular electronics
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