The Daily Star: Internet Edition Mon. June 11, 2007

Vol. 5 Num 1076

Mon. June 11, 2007


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Business

$2.8b investment proposal for energy, petrochemical
Ispat Industries' Vinod Mittal signs MoU with BoI today
Vinod Mittal, brother of one of the world's richest businessmen, Lakshmi Mittal, arrived in Dhaka last night, to launch a $2.

$2.3b investment offers from NRBs
BoI signs 36 MoU
The Board of Investment (BoI) has signed a total of 36 memoranda of understanding (MoU) for investment proposals worth US$ 2.3 billion from non-resident Bangladeshis across the globe.

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)

Price spiral casts shadow over rise in poor allowance: Shamunnay
The pace of price spiral has cast shadow over the government's generous proposal to increase allowances for the poor in the budget 2007-08, says an analysis by a non-government research body.

BB chief seeks full autonomy of central bank
Bangladesh Bank Governor Dr Salehuddin Ahmed yesterday stressed the need for full-scale autonomy of his organisation for smooth functioning of the banking sector.

Nitol launches two Tata brand vehicles
Nitol Motors Ltd, the sole distributor of Tata brand vehicles in Bangladesh, yesterday launched in Dhaka two new environment-friendly commercial vehicles that are run by diesel and converted naturalgas

Bank directors asked to submit info about relatives
Bangladesh Bank (BB) yesterday asked directors and sponsor directors of the commercial banks to submit information about their close relatives to the central bank by June 25.

SMC's new chairman
Jalaluddin Ahmed, has recently been made the chairman of Social Marketing Company, says a press release.

More Business Reaction to New Budget
Duty-free benefit for essentials praised, 'anti-domestic industry bias' resented
Business leaders continued to express their reaction to the proposed budget for the 2007-08 fiscal. Finance and Planning Adviser Dr Mirza Azizul Islam made the budget proposal Thursday.

Union Capital declares 15pc cash dividend
Union Capital Ltd has declared a 15 percent cash dividend for its shareholders for the year 2006 subject to approval of Bangladesh Bank.

Currency