The Daily Star: Internet Edition Sun. May 13, 2007

Vol. 5 Num 1047

Sun. May 13, 2007


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Business

Listing of 10 SoEs
Market capitalisation to hit $15b in 3 years
Foreign investors now show interest in Bangladesh market: DSE CEO
On government's move to list some 10 state-owned enterprises (SoEs) in phases on the Dhaka Stock Exchange, the prime bourse expects its market capitalisation to reach US$ 15 billion in the next two to

Electronic goods manufacturers seek protection
Seeking protection to domestic products, electronic goods manufacturers have demanded removal of duty anomalies.

Fiscal and monetary policies management in Bangladesh
Many of you have heard about the Great Depression in the 1930s.

KL firm to invest $12.57m in Karnaphuli EPZ
A Malaysian company is going to set up a garment manufacturing plant in Karnaphuli Export Processing Zone with an investment of US$12.57 million.

Russia, C Asia leaders agree landmark gas pipeline deal
Turkmenistan and Kazakhstan agreed a landmark gas pipeline deal on Saturday in a victory for Moscow over European and US plans for the region.

RAKUB outstanding loan stands at Tk 2358cr
The outstanding loans disbursed by Rajshahi Krisi Unnayan Bank (RAKUB) have stood at Tk 2358 crore, while the specialised agri-financing bank kept counting operational loses.

Bangla-Myanmar business council's new executives
Syed Mahmudul Huq was elected chairman of Bangladesh Myanmar Business Promotion Council (BMBPC) while SM Shamsul Alam elected secretary general at a meeting held on Wednesday in Dhaka, says a press release.

Remaining stake in Maruti sold
The Indian government said Thursday it sold its remaining 10.27 percent stake in the country's biggest carmaker, Maruti Udyog, at 797 rupees (19.9 dollars) a share, well above its floor price.

China faces labour shortage in 2010
Dearth to trigger demand for higher wages
China's ample supply of low-cost labour, one of the mainstays of China's remarkable economic transformation, could start shrinking by 2010, a state press report said Saturday.

China overtakes Japan in int'l competitiveness
Japan fell to 24th place on a list of countries ranked by international competitiveness, being overtaken by 15th-ranked China for the first time, according to the World Competitiveness Yearbook 2007 released

Sri Lanka in $60m train deal with China
Sri Lanka plans to buy 60 million dollars worth of locomotives and passenger coaches from China to modernise its Victorian-era network, the state-owned railway announced on Friday.

US names new farm envoy to WTO talks
The United States named Friday a new chief negotiator on agriculture issues for WTO Doha Round trade talks, as farm disputes continue to block completion of the international negotiations.

Lanka raises fuel prices for third time
The Sri Lankan government said that fuel prices have been raised with effect from midnight local time on Friday.

Pakistan permits import of Indian cotton thru' land route
In a bid to cut down costs for its dominant textile industry and make it more competitive, Pakistan has permitted the import of Indian cotton through the Wagah border.

New office bearers of women's federation
Haniara Khan and Zeenat Islam have been elected president and general secretary of National Women's Federation, Bangladesh (NWFB) in a recent election, says a press release.