The Daily Star: Internet Edition Mon. August 28, 2006

Vol. 5 Num 802

Mon. August 28, 2006


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Business

Businesses for immediate Bangla-Pak FTA deal
Apex bodies to persuade governments
Businesses of both Bangladesh and Pakistan yesterday agreed to persuade their governments to go for FTA deal as soon as possible to raise bilateral trade to US$ one billion by 2007.

Positive image key to luring tourists, investment
Speakers say at Branding Bangladesh Conclave
Speakers at a discussion yesterday underscored the need for building a positive image of Bangladesh by improving governance and bringing corruption at a tolerable level besides presenting local culture

Drought-like Situation
Tea production may fall short of target by 25pc
The country's tea production this year may miss the target by 25 per cent due to drought-like situation, industry people said.

Bangladesh's politics obstacle to FDI
Italian envoy tells Ficci
Bangladesh's politics is an obstacle to attracting foreign investment in Bangladesh, Italian Ambassador in Dhaka Pietro Ballero said yesterday at the monthly luncheon meeting of Foreign Investors' Chamber

China enacts new bankruptcy law
China’s legislature adopted a new bankruptcy law on Sunday which for the first time includes private companies, not only state-owned firms, and is aimed at boosting investor confidence.

GP launches privilege service Thankyou Crown
GrameenPhone has launched a new privilege membership service "Thankyou CROWN" with effect from yesterday, says a press release.

Chad orders Chevron, Petronas to leave
Chad's president on Saturday ordered oil companies Chevron Corp. and Petronas to leave the country, saying neither has paid taxes and his country will take responsibility for the oil fields they haveoverseen.

Energy tops agenda as Japan PM heads to central Asia
Prime Minister Junichiro Koizumi heads to central Asia this week on his first trip to the region as Japan steps up its rivalry with China and Russia to gain influence over the energy-rich region.

Merger to create Italy's largest bank
Banca Intesa SpA and Sanpaolo IMI SpA said Saturday they agreed to merge, creating Italy's biggest bank in what one official hailed as a sign of vitality in the economy.

Inter-Korean trade up 14.7pc
Trade value between South Korea and the Democratic People's Republic of Korea (DPRK) reached 668 million US dollars in Jan-July this year, up 14.

Carlson Wagonlit Travel acquires TQ3Navigant
Carlson Wagonlit Travel (CWT), the world's second-largest travel management company, recently has acquired TQ3Navigant and through this acquisition the two organisations have officially become one company.

Europe data to show fall in business confidence, decline in inflation
Economic indicators for the eurozone to be released in the coming week will provide a snapshot of business and consumer confidence, inflation and unemployment in the 12-nation bloc.

KSA to raise crude oil supply to Japan
Saudi Aramco, the national oil company of Saudi Arabia, will increase its supply of crude oil to Japan by at least 300,000 barrels per day (bpd), the Saudi Press Agency (SPA) reported Saturday.