The Daily Star: Internet Edition Sat. February 17, 2007

Vol. 5 Num 966

Sat. February 17, 2007


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Business

Skilled Workers for Australian Job Market
Govt to examine scope for foreign vocational training
Bangladesh in a bid to build up itself for the Australian lucrative job market has now put its efforts in improving workers' skills through imparting them various vocational trainings in partnershipwith

WB, Indian chamber for energy trade between Saarc countries
A FICCI-World Bank research paper has suggested energy trade between Saarc countries to help overcome crippling shortage of energy in South Asia.

Weekly Roundup
Turnover on both bourses fell
Turnover on the stock exchanges fell last week due mainly to the imposition of trading restrictions on shares in five companies by the stock market regulator. Dropped by 24.

US trade show ends
Telemedicine stalls pull crowd
The three-day US Trade Show 2007 came to a close yesterday in Dhaka with many a visitors showing keen interest in telemedicine service offered by Grameenphone Ltd.

US threatens to revive WTO piracy suit against China
The United States on Thursday threatened to revive a bid to drag China to the WTO over copyright piracy if bilateral talks sought by Beijing to fend off the action do not achieve a breakthrough.

Syndicated loan of Tk101cr for RanksTel
Twelve banks and financial institutions have arranged a syndicated loan of Tk 101 crore for RanksTel, a sister concern of Rangs Group.

Pact soon with Malaysia in interest of Indian workers
An accord for protection of interests of Indian workers in Malaysia is expected to be signed soon between the two countries in the wake of complaints of their exploitation and harassment.

Standard & Poors upgrades rating for Citigroup
Standard & Poors (S&P), one of the world's foremost independent credit ratings providers, announced on Wednesday that it has raised its counterparty credit rating on Citigroup to 'AA/A-1+' from 'AA-/A-1+'.

EU energy ministers reject mandatory target for renewables
The European Union energy ministers agreed on Thursday to increase the use of renewable energy, but refused to set a mandatory target for member states.

India overtakes China as it posts record earnings growth: ABB
Global engineering giant ABB said Friday India has overtaken China as its fastest-growing market after the South Asian nation generated record profit, sales and orders last year.

African trade experts call for a single customs union
African trade experts from three regional blocs in east and southern Africa have called on the governments in the region to establish a single customs union to enhance trade.

Oil prices ease in Asia
Oil prices eased slightly in Asian trade Friday as the markets focussed on high US inventory levels and Opec left its demand growth forecast for this year unchanged, analysts said.

Dollar regains ground ahead of BoJ meet
The dollar regained ground against the yen and euro in Asian trade on Friday amid uncertainty on the outlook for interest rates in Japan, dealers said. The dollar rose to 119.

HSBC sells 27pc stake in Chinese bank
Global banking giant HSBC said Friday it will sell its 27 percent stake in Ping An Bank to a subsidiary of Ping An Insurance's parent company for 29.4 million US dollars. HSBC, which owns 19.

Weekly Currency Roundup
February 11-February 15, 2007
Local FX Market
US dollar remained stable against Bangladeshi taka last week on back of comfortable supply.