The Daily Star: Internet Edition Sun. October 08, 2006

Vol. 5 Num 842

Sun. October 08, 2006


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Business

Trade Under Safta
Indo-Pak dispute, rules of origin remain barriers
Political will key to effective execution: FBCCI
Full-fledged trade even in more six months under the South Asia Free Trade Area (Safta) agreement hinges now on addressing a considerable number of barriers, sources in the commerce ministry said.

IPDC plans securitisation,SME financing
Akfed Director Sultan Allana tells 'The Daily Star'
Sultan Allana (SA), Director of Aga Khan Fund for Economic Development (Akfed) that currently holds 68 percent shares of Industrial Promotion and Development Company (IPDC) of Bangladesh Limited, visited

$5.55m saved last year thru' recycling automobile battery
Usage of recycled lead as a raw material of the automobile battery helped the country to save US $ 5.55 million (approximate Taka 38.5 crore) last year by simply avoiding import of lead.

WorldTel set to launch fixed phones in Dhaka next month
WorldTel Bangladesh Limited is all set to launch fixed phone operations in Dhaka metropolitan area next month, says a press release.

Tata eyes acquisition of UK steel firm Corus
The quest by the Tata Group, one of India's biggest industrial houses, to go global seems never-ending.

FDI inflows to India nearly double in four months
India's booming economy drew a record 2.9 billion dollars in foreign direct investment in the first four months of the fiscal year, nearly double last year's amount, a report said Saturday.

Air Mauritius offers Eid package
Air Mauritius Bangladesh recently launched an Eid package offering five days/ four nights stay in Mauritius at competitive price, says a press release.

New manager of British Airways for Bangladesh
Chris Phipps has been made manager of British Airways in Bangladesh, says a press release. He is responsible for the airline's all commercial activities in the country.

100m euro fund proposed for renewable energy in developing world
The European Commission on Friday proposed creating a 100-million-euro (126-million-dollar) global risk capital fund to boost private investment in renewable energy in poorer nations.

US budget deficit drops to $250b
The federal budget deficit estimate for the fiscal year just completed has dropped to $250 billion, congressional estimators said Friday, as the economy continued to fuel impressive tax revenues.

World tourism body backs China
Sustainable development through tourism is taking root in China, which is seeking to develop offerings beyond classic destinations such as Beijing, Hong Kong and Shanghai, a delegation from the southern

Group 4 Securitas holds corporate briefing in Ctg
In a bid to introduce its products and services to the business community in Chittagong, Group 4 Securitas Bangladesh (Pvt) Ltd, a security service provider, recently organised a corporate briefing in

Opec may decide on possible cuts by tomorrow
Opec will likely decide by Monday whether to cut its daily production, a Nigerian official said Friday, fueling fresh speculation over whether the oil cartel would trim output following a recent price

Unemployment in Canada dips in Sept
The Canadian unemployment rate dipped slightly to 6.4 percent in September as 16,000 new jobs were created, Statistics Canada said Friday.

Spain will need 4m immigrants by 2020: Study
The Spanish labour market will need four million immigrants to fill demand by 2020 because the native population is aging and economic growth is expected to be strong, a Barcelona research institute said