The Daily Star: Internet Edition Tue. September 05, 2006

Vol. 5 Num 810

Tue. September 05, 2006


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Business

Checking Essentials' Prices In Ramadan
Saifur against PMO move to cut taxes, fund TCB
Despite an order from the Prime Minister's Office (PMO) to reduce tax on some essential commodities and inject funds to the state-run Trading Corporation of Bangladesh (TCB), Finance Minister M Saifur

Stakeholders meet today to end Ctg port deadlock
A meeting of stakeholders will be held in the capital today to end the crisis in Chittagong Port while two Bangladeshi feeder-vessel operating companies --HRC Shipping and QC Shipping Line-- continued

Donors should not interfere in governance issue
Speakers at seminar suggest
Speakers at a seminar in Dhaka yesterday urged donors not to interfere in any country's governance issue.

Experts seek energy sector reforms
Speakers at a view exchange meeting yesterday in Dhaka underscored the need for bringing about reforms in the country's energy sector as well as its market structure.

Sino-Bangla proposed road link to boost trade
FBCCI business meet told
Bangladesh expects an early decision from Myanmar government about the proposed transport protocol between Bangladesh and China, which will increase trade among the countries concerned.

'Global economy to withstand impact from Iran N-issue'
The global economy could face short-term turbulence if the United States and its allies take action against Iran over its controversial nuclear programme but it should be resilient enough to withstand

Freer rupee not in India's interest, say communists
Freeing the rupee is not in India's interests as it will encourage speculative flows into the country, a leading communist party official said on Monday.

Bangladesh fetches Tk 5cr from spot orders in German fair
Bangladeshi handicrafts and gift item companies received orders of Tk five crore at a five-day trade fair in Germany.

Thai economy slows sharply
Thailand's economic growth slowed sharply in the quarter to June, officials said Monday, forcing the government to scale back its full year forecast with high oil prices offsetting robust exports.

$400m ADB loan for BR rehab
The Asian Development Bank (ADB) will provide the country with US$ 400 million as credit for the rehabilitation work of the Bangladesh Railway (BR).

Continental Ins declares 5pc dividend
Continental Insurance Limited has declared a 5 percent dividend for the shareholders for the year ending on December 31, 2005.

Correction
A news item headlined 'BEI workshop on corporate governance' published on this page on September 3 inadvertently mentioned that Bangladesh Bank Governor Dr Salehuddin Ahmed inaugurated the seminar, but

Regional pact on fighting sea piracy takes effect
The fight against maritime piracy and armed robbery at sea got a boost on Monday when a regional cooperation agreement involving 11 Asian nations came into effect.

GWM brand vehicles on display at new ACE showroom
ACE Workshop & Service Centre Ltd recently opened a new showroom on Gulshan-Tejgaon Link Road with auto parts division and after-sales service centre.

Oil extends losses
The price of crude oil tumbled further in London trading on Monday in the absence of a severe hurricane threat and on expectations that Iran would not soon face economic sanctions, analysts said.