The Daily Star: Internet Edition Mon. October 30, 2006

Vol. 5 Num 861

Mon. October 30, 2006


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Business

Bangladesh RMG yet to get duty-free access to India
Although India offered a duty free access of Bangladeshi ready-made garments to its market one year ago, it is yet to be implemented.

Expo Bangladesh
Time extended for applications to participate
The deadline for submitting application to participate in the 'Expo Bangladesh -2006' has been extended until November 7 due to political unrest in the country.

China, Asean summit today
Creation of free trade zone high on agenda
China and Asean leaders are gathering in Nanning, southern China for a high-level summit today, with the aim to pursue regional free trade and enhance political mutual trust.

'Bank for the poor' now in Niger
Tucked inside a nook in the capital city's bustling Grand Marche, Niger Mutual Credit (CMI) opened its doors a little over a week ago to a clientele that other banks turn away: the very poor.

Foreign firms bow to Bolivia energy nationalisation
Bolivia's leftist president, Evo Morales, took a key step forward in his bold plan to nationalize the country's gas and oil industries on Sunday after foreign energy companies agreed to operate in the

Indonesia, China sign MoU on energy cooperation
China and Indonesia signed a memorandum of understanding (MoU) on Saturday concerning cooperation in the energy and mineral resources sectors.

Thai customs, Citibank sign MoU
The Royal Thai Customs and Citibank Thailand signed a memorandum of understanding (MoU) for electronic customs tax payment services on Thursday, says a press release.

India's central bank weighs rate hike as economy booms
India's economy is growing by nearly nine percent, corporate profits are strong, the stock market is setting new records and the property market is booming.

VoIP set to impact telecoms market in Asia-Pacific
The Asia-Pacific telecommunications market is seeing a dramatic change in the business landscape as players look for opportunities in new technologies like Voice Over Internet Protocol (VoIP) and Internet

Foreign investment plunges in South Korea
Foreign direct investment in South Korea has plunged in the first nine months of this year amid a worsening business climate and falling growth potential, official data showed Sunday.

China-France mega deals cover aviation, railways, power
China and France last week signed a series of deals covering aviation, railways and nuclear power in Beijing.

Global gas demand to exceed oil by 2020
The world demand for natural gas would increase in the coming decades and exceed the demand for oil by 4.4 percent yearly until 2020, a report issued by Kuwait-based Global Investment House said on Saturday.

Kuwait's crude oil price continues to drop
The price of Kuwaiti crude oil slid to 52.83 US dollars per barrel (dpb) on Friday from previous day's 5.357 dpb, keeping the trend of dropping, Kuwait Petroleum Corporation (KPC) said.