The Daily Star: Internet Edition Mon. February 26, 2007

Vol. 5 Num 975

Mon. February 26, 2007


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Business

ADB forecasts 6.5pc GDP growth in '07
Asian Development Bank (ADB) has forecast a 6.5 percent growth in Bangladesh's GDP in 2007 fiscal, a 0.

Bangladesh business environment conducive to more FDI
French envoy tells Ficci meet
Bangladesh business environment that marked an improvement recently would lure more foreign direct investments (FDI) here, Jacques Andre Costilhes, French ambassador in Dhaka, said yesterday.

Corporate Governance
Lanka central bank chief offers training for local bankers
The policy guidelines of Bangladesh Bank to ensure corporate management in the country's banking sector are not working well in the absence of adequate knowledge of directors and senior bankers.

Ex-European colonies under pressure for new trade deals
Caribbean and Pacific nations face growing pressure to strike a deal on new trade accords with the European Union before the end of the year or risk losing preferential treatment, experts say.

Intl' textile markets rushing on for eco-friendly fabrics
As consumers wake up to global warming and globalisation, ethical issues are gaining ground and spinning more and more hard cash in the competitive world of international textiles.

Finance adviser leaves for Nepal to attend Safta meet
Finance and Commerce Adviser Dr Mirza Azizul Islam left here yesterday for Kathmandu to attend the second Safta Ministerial Council meeting of trade ministers from Saarc countries scheduled for today.

Stocks slump
Share prices on the country's premier bourse slumped yesterday on profit taking in the wake of the government's ongoing drive against corrupt politicians and businesspeople.

ICC-GTZ workshop on trade rules for LC today
International Chamber of Commerce (ICC) in collaboration with German Technical Co-operation (GTZ) is organising a daylong workshop on the revised international trade rules for Letters of Credit (L/C)known

ROK-Russia '06 trade hits record high
Trade between South Korea and Russia hit a record high of 9.75 billion dollars last year, the official Korea Trade and Investment Promotion Agency said Sunday.

Foreign workers in Saudi remit $14b in 2006
Expatriate workers in Saudi Arabia sent home some 14 billion dollars in 2006, ranking the oil-rich kingdom second only to the United States, according to the Arab Monetary Fund (AMF).

$3b Reliance petrochemical unit in Gujarat soon
India's largest conglomerate Reliance Industries said on Saturday it will build a three-billion-dollar petrochemical factory in western Gujarat state.

India, Nepal to renew trade treaty
India and Nepal have agreed to renew for another five years a bilateral trade pact that facilitates business between the two countries. The Indo-Nepal Trade Treaty was due to expire on March 5.

Currency