The Daily Star: Internet Edition Sun. July 30, 2006

Vol. 5 Num 773

Sun. July 30, 2006


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Business

Govt to issue SRO for implementation of new export policy guidelines
Government has decided to issue a Statutory Regulatory Ordinance (SRO) for implementation of the guidelines inserted in the new export policy for 2006-09, sources said.

NRBs should invest in capital market
Speakers say at CSE seminar
Speakers at a seminar in Sylhet yesterday urged the non-resident Bangladeshis (NRBs) to come forward to invest their money in the country's capital market contributing better for its economy.

UAE Trade Team's Visit to Dhaka
Local entrepreneurs likely to seek free access to UAE
In the wake of a widening trade gap, Bangladesh's entrepreneurs are likely to demand duty-and quota-free access of their products to UAE market in a meeting today with a visiting business delegation from

Karnaphuli EPZ opens soon
The Karnaphuli Export Processing Zone (KEPZ), another exclusive economic area in the port city's Patenga industrial belt, is to start functioning soon, as necessary development works with adequate infrastructure

Anti-privatisation strike hits Indian banks
An estimated half million Indian bank workers staged a one-day nationwide strike to protest against privatisation of government-owned assets and outsourcing of clearing operations, unions said Friday.

Skop urged to keep RMG sector out of purview of tomorrow's hartal
BGMEA President SM Fazlul Haque urged the Sramik Karmachari Oikkay Parishad (Skop) leaders to keep the garment sector out of the purview of their dawn to dusk hartal tomorrow.

Seminar on EU-Bangla trade relations held in Brussels
In a bid to increase Bangladesh's trade potential in the European Union, a seminar on EU-Bangladesh trade relations was held recently in Brussels, says a press release.

South Korean shipbuilders face stiff competition from China
South Koreans shipbuilders are increasingly keyed up as Chinese companies close in with construction of large vessels which require high technology. Hudong-Zhonghua Shipbuilding Co.

Dollar slides on weak US growth figure
The dollar remained on the back foot going into the weekend after data showed Friday that the US economy had grown by much less than expected in the second quarter. The euro rose to 1.

Brac Bank to launch 'Loan Protection'
Brac Bank Ltd and Pragati Life Insurance Ltd recently signed a memorandum of understanding (MoU), under which the bank will work in synergy with the insurance company for 'Loan Protection' under the bank's

Iran, Japan to finalise Azadegan oil deal by Aug 22
Iranian Oil Minister Kazem Vaziri Hamaneh has said that Iran and Japan will finalize their long-delayed deal to develop the giant Azadegan oilfield by Aug. 22.

WTO chief calls for ceasefire after trade talks failure
WTO chief Pascal Lamy urged the trade body's 149 members Friday to avoid attacks that would make it hard to resume talks on removing trade barriers in order to fight global poverty.

Central Ins approves 12pc cash dividend
Central Insurance Company Ltd has approved a 12 per cent cash dividend for its shareholders for the year 2005.

Indian firms invited for listing on Toronto bourse
Canada has invited Indian companies to list their stocks at the Toronto Stock Exchange (TSX) to build their global presence.

Wal-Mart quits Germany, focuses on China
Wal-Mart Stores Inc. is ending its loss-generating business in Germany just two months after leaving South Korea in what analysts welcomed as a move to focus resources on expanding in more profitable international markets like China and Latin America.

US House approves minimum wage rise
Republicans muscled the first minimum wage increase in a decade through the House early Saturday after pairing it with a cut in inheritance taxes on multimillion-dollar estates.

WTO needs US leadership: IMF
The International Monetary Fund called Friday on the US government not to undermine the WTO by pursuing a patchwork of bilateral trade pacts.

GM global sales fall
General Motors Corp.'s global sales were more than 7 percent lower in the second quarter than last year, as growth in emerging markets such as China only partly offset sharp losses in the U.S.