The Daily Star: Internet Edition Sun. May 06, 2007

Vol. 5 Num 1040

Sun. May 06, 2007


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Business

Piling of Goods at Ctg Port
NBR wants BB to ask banks to clear LCs on release of import items
Bangladesh Bank will soon convene a meeting to decide on the request from the National Board of Revenue (NBR) for asking all the commercial banks to clear letters of credit (LC) after releasing imported

ADB annual meeting stresses poverty cut
Stressing the need for poverty elimination, the ADB annual general meeting (AGM) that started Friday in the Japanese city of Kyoto has called for reducing the widening gap between Asia's rich and thepoor.

Vegetable exporters seek policy support to up export
Bangladesh can earn Tk1,000 crore a year by exporting fruits and vegetables if the government increases cash incentive and the number of air cargo flights for the exporters and reduce freight charges,

Govt forms body to resolve labour unrest
The government has formed a 'crisis management committee' to resolve workers' unrest in the country's garment and jute industries.

Energy policy incorporating coal issues soon: Adviser
The government is working on the proposed energy policy and hopes to finalise it soon, accommodating coal issues, has said energy adviser.

Local, foreign investors show interest in May10-11 meet
The first-ever international investors' conference titled 'Bangladesh -- The New Investment Frontier' that will begin in Dhaka on Thursday has received significant response from the investors at homeand

StanChart launches proprietary e-channel
Standard Chartered Bank on Wednesday launched its one-stop proprietary electronic banking channel styled 'Straight2Bank' for its corporate and institutional clients, says a press release.

Bush to hold first summit with Asean countries
US President George W. Bush confirmed Friday that he will attend his first summit with all 10 Southeast Asian leaders, including the region's most troublesome member, Myanmar, in September.

Italy's CMYK cosmetics to be launched in Bangladesh
Italy's CMYK brand skin and beauty care products are going to be launched in Bangladesh market, says a press release.

India upset with WTO draft paper
India expressed disappointment with a WTO draft paper on agriculture, stating that sensitivities of the developing countries had not been addressed.

Asian finance ministers agree on currency pact overhaul
Asian finance ministers agreed Saturday to pool part of their huge foreign exchange reserves to shield themselves against a repeat of the financial crisis that rocked the region a decade ago.

US job market under strain
America's job market showed signs of strain Friday as government figures revealed just 88,000 new jobs were created in April, marking the weakest reading in over two years.

Asean, Japan may sign FTA in Nov
Southeast Asian nations and their giant neighbour Japan are aiming to sign a free trade deal in November, a senior official said Friday.

Nokia Siemens Networks to cut 9,000 jobs
Nokia Siemens Networks, the Finnish-German telecom networks manufacturer, said Friday it would cut 9,000 jobs by the end of 2010, or 15 percent of its workforce, including nearly 3,000 jobs in Germany.

Microsoft, Yahoo in tie-up talks
US software giant Microsoft and web portal Yahoo were reported Friday to be exploring merger or alliance to better compete against Google, but both remained tight-lipped about the rumors.