The Daily Star: Internet Edition Fri. January 05, 2007

Vol. 5 Num 925

Fri. January 05, 2007


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Business

Rawhide Export
Exporters eye Tk3000cr earning in FY07
Leather and leather goods exporters eye more earning from exports of rawhide this fiscal as additional quantity of the item is available now in the market because the candidates engaged in the electioneering

DSE indices up
Turnover declines sharply
Stocks on the Dhaka Stock Exchange (DSE) yesterday bounced back with indices gaining slightly. However, trade turnover declined sharply.

India may have to write off Rs850b tax arrears
The Indian government may have to write off a whopping Rs.

US, Brazil hold talks on breaking Doha impasse
US Trade Representative Susan Schwab held talks with Brazil's Foreign Minister Celso Amorim Wednesday as part of efforts to break an impasse in a stalled round of global trade talks.

Managing volatility: Is hedging the right solution?
The dollar's recent downtrend has left US dollar investors worldwide unhappy. Overriding this investor gloom is the fear that dollar's recent fall may as well revive the global economic imbalance.

China's trade friction to continue this year
China will continue to face trade frictions in 2007 despite the government's cooling measures, says a report by the Chinese Academy of Sciences (CAS).

Top Japan executives predict strong economy in '07
Most of the top executives at 30 major companies predict that the current economic upturn will continue this year or beyond, according to The Yomiuri Shimbun's new year survey on business trends.

Land tax exemption for foreigners goes in China
China has removed an exemption for foreign investors in land taxes starting from this year, state media reported Tuesday, as part of its latest effort to cool the sizzling real estate market.

Jakarta grants tax incentives to attract investment
Indonesia will grant tax incentives to 15 industries in a bid to attract foreign and domestic investment, a finance ministry official said Thursday.

Low-cost competition may cut Asian airlines' profits
Asian airlines will likely reap reduced profits in 2007 as increased competition offsets gains in passenger and freight traffic, a global aviation body said Thursday.

Oil below $59
Oil prices declined in Asian trade Thursday as the market continued to focus on mild North American weather, dealers said.

Talks to find a buyer for BenQ Mobile still on
Talks with potential investors over the possible acquisition of mobile phone maker BenQ Mobile are still going on, the court-appointed administrator of the bankrupt German arm of Taiwanese electronics

Arcelor-Mittal bids for India's Sesa Goa
The world's largest steel manufacturer Arcelor-Mittal has bid to buy a controlling stake in Sesa Goa Ltd, one of India's leading iron exporters, according to a report Thursday.

Google ties up with China Mobile
The world's top Internet search engine, Google, said Thursday it forged an alliance with China Mobile to provide mobile and Internet services in China.

OECD seeks structural reforms in eurozone
Eurozone countries must make more structural reforms to consolidate a nascent economic recovery in the area, the Organisation for Economic Cooperation and Development recommended Thursday.

Currency