The Daily Star: Internet Edition Thu. May 31, 2007

Vol. 5 Num 1065

Thu. May 31, 2007


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Business

Janata, Agrani banks now public limited companies
Janata and Agrani, two nationalised commercial banks (NCBs), yesterday got licenses from the central bank to become public limited companies.

$812m BoP surplus in Jul-Mar
Boosted by a surge in remittances and strong exports the balance of payments surplus reached US$812 million in the first nine months of the current fiscal year (2006-07), despite a fall in foreign direct

Manpower export doubled
Says foreign affairs adviser
A record number of 2.50 lakh workers went abroad with employment during the last five months, which is double of the last year.

Image problem blamed for failure to attract tourists
Toab to arrange 3-day tourism fair in Sept
Political instability, poor air links and the image of a nation in crisis are the reasons for the failure of Bangladesh to develop its tourist industry, tour operators claimed yesterday.

Bangladesh RMG exports to EU: Is the success sustainable?
The European Community has been a major trade partner for Bangladesh for several decades. Over the years, however, the pattern of trade has changed significantly.

$6b package for Indian farm sector
Indian Prime Minister Manmohan Singh has announced a six billion dollar package to revive the country's slow-growing farm sector hit by a combination of low productivity and high debt of farmers, many

China clothing makers hit by order slump from Wal-Mart
Chinese clothing manufacturers, suppliers of the bulk of Wal-mart's orders, are suffering from the slower sales of their products in the US and inventory pile-ups, a report said Wednesday.

Bangla-Belarus deal on economic cooperation
Bangladesh and Belarus have signed an agreement for expansion of trade and economic cooperation between the two countries through increased contacts at different levels.

Prizes given to winners of 'Aktel World Cup Challenge'
Mobile phone operator Aktel yesterday gave away prizes among the winners of an SMS-based quiz organised by the cellphone operator during the last world cup cricket contest.

WB warns China of share market risks
The World Bank warned Wednesday the risk of a sharp correction in China's stock market could rise if share prices continued to soar but argued the impact on the overall economy would be limited.

Canada talks free trade with China
Canada's Trade Minister David Emerson pressed the idea of Canada signing a free trade pact with China after meeting with his Chinese counterpart, local media said Tuesday.

Britain to sell part of British Energy
Britain outlined proposals on Wednesday to sell part of its holding in British Energy, the nuclear power station operator, which could earn it 2.19 billion pounds (3.22 bilion euros, 4.33 billion dollars).

Myanmar trade zone to up fish export to Bangladesh
A trade zone has been set up in Myanmar's western border town of Maungtaw in Rakhine state linking Bangladesh to mainly export marine products to the neighbour, fishery business circle said yesterday.

Commercial Bank of Ceylon launches SME loan product
Commercial Bank of Ceylon Ltd launched an SME (small and medium enterprise) loan product styled 'Probriddhi' on Tuesday, says a press release.

Bata Shoe okays 235pc cash dividend
Bata Shoe Company (Bangladesh) Ltd has declared a 235 percent cash dividend comprising a final dividend of 105 percent and an interim dividend of 130 percent for the year 2006.

Premier Leasing International changes name, declares 15pc cash dividend
Premier Leasing International Ltd, which has changed its name to Premier Leasing & Finance Ltd, declared a 15 percent cash dividend for the year 2006, says a press release.