Vol. 5 Num 831 Wed. September 27, 2006    
 
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Business
 
BB Review
Janata Bank fares badly in bad loan recovery
Growth in loans stands at 2.82pc in January-June
Janata Bank (JB) has fared badly in recovery and reduction of bad loans during the first half of the calendar year, though its performance in achieving other criteria set in a MoU with the central bank
 
More Norwegian investment sought
President Iajuddin Ahmed yesterday suggested that Norwegian businessmen could invest more in Bangladesh availing of the incentives offered to the foreign investors.
 
FTA with Bimstec
India asks domestic industry to identify NTBs
In the run up to firming up its stand on a proposed free trade pact with Bimstec countries, including Bangladesh, the Indian government has begun consultations with the domestic industry to identify non-tariff
 
DSE indices fall
Share prices at Dhaka Stock Exchange (DSE) marked a fall yesterday on Ramadan and liquidity crisis. “It's quite normal. It happened because of Ramadan and cash withdrawal by the central Bank.
 
World Economic Forum Ranking
S'pore most competitive economy in Asia
Singapore is the most competitive economy in Asia and fifth globally, the World Economic Forum (WEF) said in its 2006 ranking of competitive economies released Tuesday.
 
Gold rises 1.3pc on higher oil, awaits US data
Gold advanced more than one percent on Tuesday tracking higher crude oil prices, but traders remained cautious in chasing prices higher ahead of the release of key U.S. data.
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RanksTel, Bay Phones sign agreement on interconnectivity
Bangladesh's leading PSTN (Public Switched Telephone Network) operator Ranks Telecom Limited yesterday signed an interconnectivity agreement with zonal PSTN operator Westec Limited, which operators under
 
Only 8 out of 56 Biman routes make profit in FY06
Forty-eight of the 56 international and domestic routes operated by Biman Bangladesh Airlines failed to make any profit in the last fiscal year (2005-06), rather incurred a huge loss of over Tk 506 crore,
 
AB Bank wants to sell its stakes in Lafarge Surma Cement
Arab Bangladesh (AB) Bank Ltd, one of the corporate directors of Lafarge Surma Cement Ltd, has announced to sell its entire holding stakes in the cement company.
 
S'pore's minister mentor special adviser to Citigroup
Citigroup recently announced that Singapore's Minister Mentor Lee Kuan Yew has agreed to be its special adviser, says a press release.
 
Indonesia to sell 10 SoEs next year
The Indonesian government is planning to float shares of 10 state-owned companies next year, the state enterprise ministry secretary said, according to a report Tuesday.
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CEOs of two US-based firms in Dhaka
The chief executives of US-based BroadSoft Inc and UTC Associates Inc are in Dhaka to roll out BroadSoft's Voice over Internet Protocol (VoIP) software applications in Bangladesh, says a press release.
 
Competitiveness Index
Switzerland beats US
Switzerland has pushed the United States out of top place in the World Economic Forum's annual ranking of competitive economies, a list published on Tuesday showed.
 
Keppel wins billion-dollar contract in Qatar
A unit of Singapore's Keppel Corp. has won a one-billion US dollar contract to build a waste management facility in the Gulf emirate of Qatar, the company said.
 
Apex Tannery declares 15pc dividend
Apex Tannery Limited has declared a 15 percent dividend for its shareholders for the year ending June 30, 2006.
 
France's Lafarge to build cement plant in India
France's Lafarge is one of two firms to win approval to invest 170 million dollars each to build new cement plants in India's Himachal Pradesh state where demand is expected to soar as new dam projects
 
ROK strikes $100m deals with Japan
South Korea's trade promotion agency said Tuesday a presentation in Tokyo aimed at drumming up investment resulted in four deals worth 100 million dollars.
 

 
   
 
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