The Daily Star: Internet Edition Tue. July 18, 2006

Vol. 5 Num 761

Tue. July 18, 2006


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Business

Half-yearly Roundup
DSE transaction volume declines 53.91pc, value 49.5pc in Jan-Jun
The country's premier bourse witnessed a significant decline of transaction both in terms of volume and value in the first-half of the calendar year 2006 compared to the preceding year.

UCBL's failure to hold AGMs for 8 yrs frustrates investors
Despite repeated filing of writ petitions to hold annual general meetings (AGMs) of United Commercial Bank Ltd (UCBL) under neutral chairmanship, the bank's board of directors is continuing to show reluctance

Early implementation of Benarashi Palli project demanded
Handloom Fair opens
Benarashi Sari weavers yesterday threatened strike and demonstration if their demand for allotment of the proposed plots in the 'Benarashi Palli' to them is not met within 15 days.

WB-funded fisheries project achieves considerable success
The Fourth Fisheries Project of the Government of Bangladesh supported by the World Bank has achieved considerable success in increasing fish and shrimp production for domestic consumption and exports.

Workshop on Basel II held
SouthAsia Enterprise Development Facility (SEDF) and Prime Bank Ltd jointly organised a daylong workshop on Basel II for banking sector on Saturday in Dhaka.

Oil prices fall in volatile trading
Crude oil prices see-sawed Monday, plunging more than $1 a barrel on a report that Iran had accepted incentives to resolve a dispute over its nuclear program, then quickly retraced some lost ground as

Wheat price may go up
A syndicate of some unscrupulous businessmen is trying to increase price of wheat by creating an artificial crisis in the market.

Citigroup posts record Q2 earnings
Citigroup, the owning company of Citibank, NA, reported revenue of US$ 22.18 billion and a net after tax income of $ 5.

New executive director of BB
Md Yasin Ali has been promoted as executive director of Bangladesh Bank. He took over the charge in the principal office of the bank yesterday, says a press release.

Airbus to unveil wider plane
European plane maker Airbus prepared to unveil on Monday revised plans for its troubled long-haul A350 passenger jet.

Key WTO players to try keeping up G8 momentum
Six World Trade Organisation heavyweights were gearing up Monday for another effort to salvage the floundering Doha Round negotiations on tearing down barriers to commerce.

Sonargaon Textiles approves 10pc cash dividend
Sonargaon Textiles Ltd has approved a 10 per cent cash dividend for the year 2005.

Singapore's key exports up 16.9pc in June
Singapore's key non-oil domestic exports (NODX) grew 16.9 percent in June compared with a year earlier, boosted by bigger shipments of integrated circuits and chemical products, the government said Monday.