The Daily Star: Internet Edition Sat. March 03, 2007

Vol. 5 Num 980

Sat. March 03, 2007


News
Today's Index
Front Page
Business
Sports
Metropolitan
National
International
Culture
General


Views
Point-counterpoint
Editorial
Write to Editor


Sections
Literature


Others
About Us
Contact
Advertisement
Supplements
Archives

Business

Remittances Thru' Illegal Channels
More bank branches in remote areas to improve situation
Suggests ADB
Despite a steady growth in remittance inflow, a major portion of remittances enter into the country through illegal and informal channels due mainly to insufficient number of bank branches in remote areas

Further cut in call charges in future
GP CEO tells The Daily Star
Country's leading mobile phone company Grameen Phone (GP), which has a 11 million subscription base, has laid bare a plan to pump in more than Tk2100 crore to improve its network ensuring a world class

NBR moves to reduce revenue shortfall
The National Board of Revenue (NBR) has initiated a drive to minimise revenue shortfall this fiscal.

Weekly Roundup
DSE indices fell on panic sales
Share price indices on the Dhaka Stock Exchange (DSE) fell last week due mainly to panic sales by the investors unnerved by the crackdown on alleged corrupts and financial frauds.

EU declines to sign FTA with Pakistan
Pakistan is likely to loose its biggest market with the European Union declining to sign a Free Trade Agreement (FTA) with it, arguing that the size of Pakistan's economy is not big enough for such adeal.

Japan offers compromise with China on gas: Report
Japan has proposed to China joint development of a broad area around disputed gas fields in a bid to resolve a key source of friction between the Asian powers, a newspaper said Friday.

Extension of TUF Term
$47b Indian textiles set to reap benefit
The exceptionally growing 47-billion dollar Indian textile sector got a leg-up from the 2007-8 budget presented in Parliament earlier this week when Finance Minister Palaniappan Chidambaram announceda

DHL launches awards for young entrepreneurs
DHL, the world's leading express and logistics company, has announced the launching of its Young Entrepreneurs for Sustainability (YES) Awards.

Prize giving ceremony of Maggi soup recipe contest
The prize giving ceremony of Maggi Soup Winter Recipe Contest-2007 was held yesterday in Dhaka. Nutritionist Prof Siddika Kabir gave away prizes among the winners.

Telekom Malaysia proposes listing Spice on Indian bourse
Malaysia's biggest telecommunication operator Telekom Malaysia (TM) has started moves to list its partly-owned mobile operator Spice Communications on India's stock exchange, the company said.

Revival of Doha Round
Power brokers to meet in London, Geneva soon
Ministers from four key power brokers in the World Trade Organisation -- Brazil, the European Union, India and the United States -- will meet in the next few days to try to unblock global trade talks,

GM sales up 3.4pc
General Motors said Thursday its February vehicle sales rose 3.4 percent from the same month a year earlier, attributing the gain to improved showroom sales, especially of light trucks.

China's second-hand auto market booming
Sources with China Automobile Dealers Association (DACA) said that secondhand vehicles in 2006 witnessed a trading volume of 1.9059 million, a year-on-year increase of 31.

S'Asia benefit most from Saudi remittances
Nearly 70 percent of Saudi Arabia's USD 14 billion in out bound remittances go to South Asia as Indians are the largest foreign workforce in the kingdom.

Oil above $61 in Asian trade
Oil prices held steady above 61 dollars Friday as traders shrugged off global equities turmoil and focussed on strong oil demand, traders said.

Weekly Currency Roundup
February 25-March 01, 2007
Local FX Market
US dollar remained stable against the Bangladeshi taka last week on back of comfortable supply.