The Daily Star: Internet Edition Thu. November 16, 2006

Vol. 5 Num 878

Thu. November 16, 2006


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Business

Rupali Bank Sell-Off
Negotiation to finalise documents deferred, fresh date soon
Negotiation for finalising the sale and purchase agreement to hand over the state-owned Rupali Bank to its Saudi buyer has been deferred for an indefinite period due to the present law and order situation

Political Turmoil
Housing sector faces Tk 400cr loss daily
Country's real estate and housing sector faces a Tk 400 crore loss every day due to the countrywide indefinite blockade programme, lamented leaders of the Real Estate and Housing Association of Bangladesh

IFC to invest in 16pc stake in Brac Afghanistan Bank
International Finance Corporation (IFC), the private sector arm of the World Bank Group, on Monday announced it will invest in a 16 percent stake in Brac Afghanistan Bank, says an IFC press release.

31 DSE firms fail to submit audited reports
A total of 31 listed companies have failed to submit their audited reports to the Dhaka Stock Exchange (DSE) on time.

BB contemplating to adopt factoring and forfaiting
Bangladesh Bank has formed a committee to formulate rules and regulations for exploring the potentials of launching of factoring and forfaiting in Bangladesh, says a press release quoting Mamun Rashid,

WorldTel signs connectivity accord with BTTB
First private land phone company in Dhaka metropolis WorldTel Bangladesh Limited has recently signed an interconnectivity agreement with Bangladesh Telegraph and Telephone Board (BTTB) to provide itscustomers

Wto Trade Talks
Apec leaders ready to break deadlock
Key Asia-Pacific economies said Wednesday they were ready to break the deadlock in global trade talks and urged other blocs to follow suit, according to a draft summit statement obtained by the news agency.

Dollar edges up after tame inflation data
The dollar was mixed in Asian trade on Wednesday after stumbling overseas on signs of tamer inflation in the United States that eased worries about higher interest rates there, dealers said.

EU lawmakers approve hotly-contested services reform
EU lawmakers backed plans on Wednesday making it easier for services providers to do business in other EU countries, closing a chapter on one of the most hotly disputed reforms in years.

Southern Auto offers discount on CNG conversion
Southern Automobiles Ltd, country's first private CNG conversion workshop, announced a five percent discount on CNG conversion charges marking the celebration of its fifth anniversary, says a press release.

OXFAM blames rich states for suspension of world trade talk
Blaming rich nations for the suspension of world trade talks, international civil society group OXFAM has sought urgent action by member countries to revive the Doha round, saying adhering nations like

Russia eyes $12b IT export by 2010
Russia has set a $12 billion target for software and IT services export by 2010, a top government official said.

New MD of Krishi Bank
M Fazlul Haque, deputy managing director of Bangladesh Krishi Bank, has taken over the charge of the bank's managing director (additional charge) on Monday, says a press release.