The Daily Star: Internet Edition Wed. August 16, 2006

Vol. 5 Num 790

Wed. August 16, 2006


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Business

Govt moves to make businesses aware of anti-dumping rules
In the wake of concerns over possible dumping from competing countries as expressed by local manufacturers, government has initiated a campaign programme in order to make businesspeople aware of how to

Tk82.26cr industrial parks for auto, plastic goods industries
BSCIC to implement projects in 4 years
Bangladesh Small and Cottage Industries Corporation (BSCIC) will set up three industrial parks -- two for automobile industry and one for plastic goods industry-- outside the capital at a cost of Tk 82.

Revival of WTO Talks
US seeks suggestions from Bangladesh
US trade representative Schawab Susan has taken a move to bring the failed WTO talks back to the track.

SEC to revive advisory body on capital market
The Securities and Exchange Commission (SEC) will resume the activities of its advisory committee on capital market in a bid to make the market more vibrant.

Fuel prices bleeding treasury, says Manmohan
Indian Prime Minister Manmohan Singh Tuesday said India's economy is on its longest roll ever but that state subsidies on petroleum products are bleeding the national treasury.

Nokia may speed up Apple's entry into cellphone business
Mobile telephone giant Nokia's arrival in the music downloading business is bad news for Apple Computer, which may force the iPod maker to engineer a new "iPhone" to fend off the threat, experts believe.

Top banks plan rival trading data system
A group of 10 or more of the world's largest investment banks are trying to set up their own system for reporting share trades, allowing them to bypass the major European Stock Exchanges, people close

Wal-Mart sees 1st profit drop in decade
Wal-Mart Stores Inc., the world's largest retailer, posted its first profit decline in a decade Tuesday as second-quarter earnings fell 26 percent due to the cost of selling its Germany operation.

MONITOR-TOTALGAZ
Final round of chef of the year contest held
The final round of 'Monitor-Totalgaz Chef of the Year Competition-2006' was held in Dhaka on Saturday, says a press release.

China's economy to grow 10.4pc this year: WB
Although China's gross domestic product expanded by 10.9 percent in the first half of the year, implying second quarter growth of 11.

China's FDI falls in July
China's foreign direct investment for July fell 5.49 percent to 4.279 billion dollars from a year ago, official data showed Tuesday.

From January to July, overseas investment was down 1.

WTO setback pushes Asean into US arms
The stalemate at the World Trade Organisation (WTO) talks has cast a grim shadow over global trade deals and prompted Asean and the US to enter into a Trade and Investment Framework Agreement (TIFA) in

Nigeria wants investment from China oil firms
Nigeria wants Chinese oil companies operating in its resource-rich Delta region to focus more on investment rather than simply shipping oil back home, its ambassador to China said Tuesday.