The Daily Star: Internet Edition Sat. June 09, 2007

Vol. 5 Num 1074

Sat. June 09, 2007


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Business

Business Reaction to Budget for FY 08
Duty cut on essentials, measures for capital market lauded
Duty on raw materials, withdrawal of zero duty on textile machinery come under fire
Different trade bodies and associations yesterday expressed mixed reaction to the proposed budget for the 2007-08 fiscal.

Corruption a major concern for US firms in SE Asia
Finds survey
Corruption is a concern for US businesses operating in Southeast Asia, according to results of a survey by the American Chamber of Commerce (AmCham) Singapore released Friday.

An Analysis of the National Budget for FY2007-08
The analysis is prepared under the CPD (Centre for Policy Dialogue) programme: Independent Review of Bangladesh's Development (IRBD)

IMF urges central banks to remain vigilant on inflation
International Monetary Fund chief Rodrigo Rato, attending the G8 summit here, urged the world's central banks on Friday to remain "vigilant" in face of inflationary dangers.

Asian markets follow Wall Street's slide
Most Asian markets tumbled Friday after shares on Wall Street fell sharply amid growing speculation a U.S. interest rate cut was unlikely.

Reliance Ins declares 15pc cash dividend
Reliance Insurance Ltd has declared a 15 percent cash dividend for the year 2006, says a press release.

H and S Ceramic goes into commercial operations
Mymensingh-based H and S Ceramic Industries has gone into commercial operations, says a press release.

China blocks US shipments over food safety
China has returned health pill and food shipments from the United States for not reaching minimum safety standards, officials said Friday, amid a growing row over food safety.

Weekly Currency Roundup
June 03-June 07, 2007
Local FX Market
The demand for US dollar was stable in the week.