The Daily Star: Internet Edition Thu. January 18, 2007

Vol. 5 Num 938

Thu. January 18, 2007


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Business

RMG Compliance
Manpower dearth at CMC hits monitoring
The monitoring cell, set up at the state-run promotional agency for exports, that aims to ensure implementation of the compliance issues in the units of ready made garments (RMG) sector is yet to come

DSE stock prices continue rallying
The stock prices on the Dhaka Stock Exchange (DSE) continued to rally yesterday for the second consecutive day amid huge rush of investors.

Revenue collection may face setback this fiscal
The revenue collection of the National Board of Revenue (NBR) is likely to face a serious setback this fiscal year due to political unrest and highly ambitious revenue target.

No immediate possibility of cut in oil output
Says Saudi minister
The Organization of Petroleum Exporting Countries (OPEC) has indicated that there is no immediate possibility of a fresh cut in production to stem declining international crude prices and said there is

African Union adopts united front for trade talks
African Union ministers adopted a united front for global trade talks at a Tuesday summit, calling on Western countries to scrap agricultural subsidies to allow African imports to compete.

India may start border trade with Myanmar, Bhutan in a year
India would start border trade with Bhutan and Myanmar through Arunachal Pradesh within a year, junior minister for Commerce Jairam Ramesh said.

Migration could yield 'triple win': WB
Migration can benefit both sending and receiving countries and reduce poverty among migrants if it is better coordinated between countries, according to a new World Bank report released on Tuesday.

Rato fears risk of 'disorderly adjustment' in global economy
IMF chief Rodrigo Rato said Tuesday the world economy remains robust with the United States set for a "soft landing" and China extending its breakneck expansion.

Offloading of SoEs' shares soon
DSE team told
Finance Adviser Dr Mirza Azizul Islam yesterday said the government would take fresh initiatives to offload the shares of well-performing state-owned enterprises (SoEs) identified earlier.

ADB to intensify support for SME growth
The Asian Development Bank (ADB) will increase its support for enhancing the growth of the country's small and medium enterprises (SMEs) if the current pace of the ADB-aided SME development project implementation

Sonamasjid remains inoperative for three weeks
Activities in Sonamasjid Land Port in the district have remained suspended for the last three weeks due to an indefinite strike called by the importers and clearing and forwarding agents of the port just

Goldman, Citigroup to invest $52m in Indian firm
Citigroup and Goldman Sachs will invest a total of $52 million in software firm ICSA Ltd, the company said on Wednesday.

Oil steady near $51
Oil steadied near $51 on Wednesday, after falling to a 20-month low the previous session as top exporter Saudi Arabia said there was no need to worry about the market's 16 percent slide so far this month.

Hyundai union agrees to end strike
Hyundai Motor Co.'s union decided to end a strike Wednesday after the company agreed to pay full bonus payments, officials said, resolving one of the latest obstacles facing South Korea's largest automaker.

Currency

New MD of Pioneer Ins
Q A F M Serajul Islam has been recently made the managing director and chief executive officer of Pioneer Insurance Company Ltd, says a press release.