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Business
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Duty-Free Goods Flood Local Market
Tk 50cr tax evasion yearly in CEPZ
NBR plans close vigilance on all EPZs
A section of unscrupulous export-oriented industries at Chittagong Export Processing Zone (CEPZ) have been evading taxes worth Tk 50 crore every year through sales of duty-free goods in the local market,
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US campaign to isolate Iran financially
The United States is ready to launch a new diplomatic initiative with several European countries to try to isolate Iran financially, The New York Times reported Tuesday.
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Oil prices ease in Asian trade
Oil prices eased Wednesday as Asian trade resumed for the New Year in a market focussed on mild North American weather.
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Billionaire boom in China as stock market soars
China's business elite were the big winners of last year's soaring stock market, with the top 50 executives worth nearly 40 billion yuan (5.1 billion dollars), state media said Wednesday.
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ROK FTA to put 100,000 out of work
Free trade agreements with the United States, Japan, China and Southeast Asia would put more than 100,000 South Koreans out of work over the next 10 years, a government estimate has said.
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Merkel for closer US-EU economic ties
German Chancellor Angela Merkel said she wanted to see "ever-closer economic co-operation" between the European Union and the United States in a Financial Times interview published Wednesday.
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$30m ADB loan to modernise Vietnam farm sector
The Asian Development Bank (ADB) said Tuesday it would lend Vietnam 30 million dollars to help modernise agricultural science and technology in the country, a major exporter of rice and other farm goods.
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IPDC signs Tk150m debt financing deal with BSRM
Industrial Promotion and Development Company of Bangladesh (IPDC) will provide Tk 150 million debt financing to Bangladesh Steel Re-rolling Mills Limited (BSRM) for its project expansion.
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Dollar begins 2007 on weak footing
The dollar fell sharply against the euro in trading Tuesday, opening the New Year on a continued low note against the European currency which notched up hefty gains against the dollar last year.
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ROK plans promoting investment abroad
South Korea's top economic official Tuesday announced plans to change financial rules to encourage more local companies and funds to invest abroad.
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Bepza, Texas Fashion Wear sign agreement
Bangladeshi-owned textile manufacturing company Texas Fashion Wear Limited will expand its plant in Dhaka Export Processing Zone with an investment of $1 million, according to a press release.
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China plans stricter auto export rules
China plans stricter export rules to ensure that only big and credible auto makers take part in the nation's push to become a major power in the global vehicle market, state media said Monday.
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