The Daily Star: Internet Edition Sat. March 31, 2007

Vol. 5 Num 1007

Sat. March 31, 2007


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Business

Accolades for corporate captains
A spectacular dance with music marked the beginning of the gala event at the Ballroom of Pan Pacific Sonargaon Hotel in Dhaka yesterday.

Winners of Bangladesh Business Awards 2006
Business Person Of The Year
Md Nasiruddin, managing director of Pacific Jeans Limited, received the 'Business Person of the Year 2006'.

India's smaller neighbours should get free access
Indian businesses suggest
Indian industrialists and businessmen have suggested they would support any moves for India, as the largest South Asian country, to give duty-free market access to smaller neighbouring countries suchas

Terrorism no threat to 8pc growth, says Lanka
Sri Lanka's president said on Friday "terrorism" was no threat to growth as he forecast that the island's economy would grow by eight percent in 2007.

US, Saudi, Chinese firms announce $5b energy deal
US oil giant Exxon Mobil, Saudi Aramco and Sinopec announced here Friday two joint ventures worth about five billion dollars to operate 750 service stations and a petrochemical refinery in China.

US unhappy over China's lack of progress in opening economy
China has made "little to no progress" in opening key market sectors, a senior US commerce official said Thursday, as he warned of a souring mood in Washington over trade issues with the Asian nation.

French luxury brands eye Indian market
India may not be seen as a likely place to sell a 1,000-dollar handbag, but top luxury brands from France said on Friday that the country holds the key to a major boost in their global sales.

S'pore's DBS aims to be major player in Islamic finance
Southeast Asia's biggest lender, DBS Group Holdings, wants to be a major player in the 300-billion US dollar Islamic financial market and has engaged four specialists to help the bank achieve the goal,

Asia's No 2 auto show opens in Bangkok
Asia's second-largest motor show opened in Bangkok on Friday amid plummeting domestic sales, dragged down by consumer worries over Thailand's uncertain post-coup politics.

Citigroup tops list of global companies
A growing number of Chinese firms are now among the leading global corporations, said a Forbes magazine report Thursday that places US banking giant Citigroup in the top spot.

Euro-zone inflation may rise to 1.9pc
Inflation in the euro-zone will probably reach 1.9 percent in March, the European Union announced Friday.

Oil rises to 2007 highs at $66.70 in Asian trade
Oil prices rose to fresh 2007 highs in Asian trade Friday as tensions over Iran's detention of British military personnel increased further, dealers said.

US economy should slow in 2007: Rato
US economic momentum is likely to decline this year to a pace slower than the 2.9 percent forecast in September by the International Monetary Fund, the head of the IMF said Thursday.

Dollar slips in Asia on Iran row
The dollar lost some ground in Asian trade Friday as market participants remained vigilant amid growing tensions between Iran and Britain and uncertain prospects for the US economy, dealers said.

Weekly Currency Roundup
March 25-29, 2007
Local FX Market
US dollar remained stable against the Bangladeshi taka last week on back of comfortable supply. The USD fell slightly against the Taka.