The Daily Star: Internet Edition Sat. October 07, 2006

Vol. 5 Num 841

Sat. October 07, 2006


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Business

100 sick RMG units likely to get Tk 89cr govt aid
Some 100 sick garment factories are likely to receive Tk 89 crore assistance from the government.

Fuel, commodity prices may come down
Says Citigroup country officer
The Daily Star has talked to Mamun Rashid, Citigroup country officer for Bangladesh, to get his views on the international currency and commodities markets.

Indian PM seeks financial market reform for higher growth
Prime Minister Manmohan Singh warned Friday that India's financial markets must become more competitive and efficient to boost investment and help meet the government growth targets.

Nepal to host S Asia MDG forum Oct 11
Over 100 delegates from eight countries, including India, will meet here next week to attend the South Asia Millennium Development Goals (MDGs) Forum to discuss ways to eradicate extreme poverty in the

EU seeks cooperation with India to resolve WTO deadlock
The president of the European Parliament called Friday on India and Europe to work on a free trade pact while trying to break the deadlock in the World Trade Organisation talks.

Spore's future financial hub takes shape
The massive financial and business centre to be built at Marina Bay took definitive shape on Thursday. With the launch of phase one, costing about S$2 billion (US$1.

Tokyo, Jakarta to hold new round of FTA talks next week
Japan said Friday it will begin a sixth round of talks with Indonesia next week on a bilateral free trade agreement, aiming to overcome differences in the faltering negotiations.

Marico launches 4 beauty soaps
Marico Bangladesh Ltd has launched four types of beauty soaps under the brand name of 'Aromatic Gold'.

HSBC says no plans to quit Britain
HSBC Holdings has no plans to move its headquarters from Britain for tax reasons, it said on Friday.

Oil prices fall back below $60
Oil prices fell below $60 a barrel in thin trading Friday as the market discounted hints that Opec would curb production to boost prices.

Nissan-Renault, GM call off alliance talks
The Nissan-Renault alliance and General Motors Corp. announced Thursday (Oct 5) they would terminate talks on a possible alliance, which began in mid-July.

ADB plans $3b for Vietnam
The Asian Development Bank (ADB) said Friday it plans to provide Vietnam with three billion dollars in assistance from next year to 2009 if the communist country maintains its economic reform course.

Dollar mixed
The dollar gained on the yen but slipped back against the euro in Asian trade Friday after a widely expected eurozone interest rate hike and ahead of key US jobs numbers, dealers said.

US adds 51,000 jobs in Sept
US employers added 51,000 jobs in September, the weakest payroll growth in a year, in a further sign of cooling economic growth, the Labor Department said Friday.

Apec ministers to meet in Feb
A flurry of ministerial meetings leading up to next year's Apec summit in Sydney will kick off in the Australian city of Perth in February, Prime Minister John Howard said Friday.

Weekly Currency Roundup
October 01-October 05, 2006 Local FX Market
Demand for US dollar was stable in throughout the week and USD fell slightly against Bangladeshi taka.