Vol. 5 Num 820 Sat. September 16, 2006    
 
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Business
 
Modernisation of Railway
Govt to get $40m credit from World Bank
As part of an investment scheme of up to US$ 700-800 million supported by several donors, the government and the World Bank on Thursday successfully completed negotiations for a US$40 million credit for
 
Greater say of the poor unlikely in IMF now
The poor countries like Bangladesh are unlikely to have greater voice in the International Monetary Fund in near future, as IMF will ask its members only to commit to work on a broader reform of the quota
Picture
SME Fair 2006
Light engineering goods pull crowd
A large number of visitors, who also included small entrepreneurs, showed huge interest in light engineering products and machinery at the week-long 'SME Fair 2006' yesterday, the fifth day of the show.
Picture
Over 160 NGOs boycott IMF-WB meetings
More than 160 non-governmental groups on Friday declared a boycott of IMF and World Bank meetings in Singapore to protest against a clampdown on free speech and the banning of activists.
 
Japan eyes leading role in regional trade
Amid growing concern that Japan could be left behind by the proliferation of regional trade agreements, the government recently floated a proposal for what it describes as a comprehensive economic partnership
 
ADB launches regional platform for Asian bond issues
The Asian Development Bank said Friday it has launched a 10 billion-dollar Asian currency note programme that would serve as the first platform for bond issues in regional currencies.
 
Dell to set up computer plant in India
US computer giant Dell has announced its plans to set up its first production unit in India for making desktop computers as it seeks to push up sales in the fast-growing market.
 
China cuts exporters' tax incentives
China cut tax incentives for many of its exporters Friday, on the eve of an economic gathering in Singapore where it is likely to see renewed pressure over its allegedly undervalued currency.
 
Oil above $63
World oil prices rose slightly on Friday, at the end of a week in which they have tumbled to the lowest levels for almost six months as concerns eased about possible supply disruptions.
 
EU to take China to WTO over auto parts dispute
The European Commission said Friday it would ask the World Trade Organisation to rule in a dispute with China over auto parts import tariffs after talks failed.
 
WTO Negotiations
The rich should show leadership: UK
British finance minister Gordon Brown on Friday called on the world's richest countries to 'show leadership' by reinvigorating the moribund so-called Doha round of trade talks.
 
AKTEL offers new pre-paid package
Mobile phone operator AKTEL yesterday launched a new pre-paid package styled 'AKTEL Furty' that offers subscribers 10 per cent bonus talk time of the total received calls in a month.
 
Ford slashes 10,000 more jobs
Ford Motor Co.
 
Weekly Currency Roundup
September 10-September 14, 2006
Local FX Market
Demand for US dollar was stable throughout the week and USD fell marginally against Bangladeshi taka.

 

 
   
 
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