The Daily Star: Internet Edition Wed. September 13, 2006

Vol. 5 Num 817

Wed. September 13, 2006


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Business

Rupali Bank Sell-off
Cabinet body sits today to decide on handover
Proposal for the sale of 67 per cent shares of Rupali Bank, including five conditions that the government has to fulfil before the bank's handover, looks set to be placed in a cabinet committee meeting

MCCI stresses raising productivity
Rich nations' support sought for more access of LDC goods
Raising country's overall productivity to escape the poverty trap is strongly needed, said the Chamber News, a regular publication of the Metropolitan Chamber of Commerce and Industry (MCCI), in its editorial.

Opinion
Private fixed telephone firms in great distress
Multiple problems have been crippling tremendous growth potential of the country's private PSTN (public switched telephone network) service.

Give SMEs access to loans
BB governor asks banks
Bangladesh Bank Governor Salehuddin Ahmed once again has urged commercial banks and financial institutions to provide small and medium enterprises (SMEs) with access to finance by changing their attitude.

Beximco to raise fund again from overseas stock exchange
Beximco Group is once again going to raise funds from overseas stock market through global depository receipt (GDR).

Export licences of 4 shrimp factories cancelled
Export licences of four shrimp processing factories of Khulna have been temporarily cancelled due to the presence of a harmful chemical, Nitrofuran, in shrimps.

Wärtsilä to supply equipment for 34.92MW power plant of Summit
Wärtsilä will supply equipment for a 34.92MW power plant of Summit Power Limited to be constructed at Ashulia, Savar, says a press release.

A close look at Asian performance: Citigroup's economics takeout (Sept '06)

World economy at juncture: IMF
The world economy is at "an important juncture", International Monetary Fund chief Rodrigo Rato said Tuesday, mainly owing to the growing risk of a bigger-than-expected slowdown in the United States.

WTO Brazil Meet
India firm on farm issues
Standing firm on agricultural issues in the suspended Doha Round of negotiations, India has underlined once again the need to correct the structural flaws in the world trade in agriculture arising out

Dollar holds steady against yen
The dollar held steady against the yen in Asian trade Tuesday after hitting a two-month high overseas on a rebound ahead of a Group of Seven meeting of finance ministers, dealers said.

France, Sweden find banned GMO traces in US rice
France and Sweden have discovered traces of a banned genetically modified substance in imported US rice, in tests which must be confirmed by EU laboratories, a European Commission source said Tuesday.

Volkswagen plans $540m car plant in India
Germany's Volkswagen AG plans to sell small cars in India by next year with an investment of 25 billion rupees (540 million dollars) to build a new manufacturing plant, a state official said Tuesday.

Videocon to buy Daewoo
India's biggest electronics firm VideoCon Industries signed an agreement Tuesday to buy debt-burdened South Korea's Daewoo Electronics for a reported 700 million dollars.