The Daily Star: Internet Edition Thu. June 14, 2007

Vol. 5 Num 1079

Thu. June 14, 2007


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Business

Allow investment of 'undisclosed' money in stocks without fine
Dhaka bourse requests govt
Dhaka Stock Exchange (DSE) yesterday requested the government to allow whitening of legally earned but undisclosed money by investing in the capital market without fine.

Proposed Duty on Raw Materials
Electronic goods makers fear ruination of Tk400cr industry
For the last several years, import of finished electronic items has been favoured, but not the local production of those, as duty on the finished items is much lower than that on the raw materials that

Delisting of Telenor from Nasdaq: Any lesson for Grameenphone?
The Norway-based telecommunications operator Telenor (parent company of local mobile phone giant Grameenphone) announced withdrawal and delisting of its American Depository Shares (ADS) from the National

Forex reserve hits $ 4.76b
Foreign exchange reserve hit a new record yesterday when the figure reached $ 4.

Chief adviser calls for expanding insurance coverage for the poor
Chief Adviser Dr Fakhruddin Ahmed yesterday called on the leaders of the country's insurance sector to expand insurance coverage especially for the poor and vulnerable groups.

Govt hailed for widening social safety net
Sramik Nirapatta Forum, a platform of seventeen human rights organisations, on Tuesday hailed caretaker government as it expanded the social safety net, made provision for salary for the female workers

Thai show kicks off
In a bid to promote Thai products in the country and explore business opportunities for both Bangladesh and the Southeast Asian country, a three-day Thai fair began at Dhaka Sheraton Hotel yesterday.

Honda to make green diesel cars
Honda Motor Co. plans to become the first Japanese carmaker to produce passenger vehicles with low-pollution, fuel-efficient diesel engines, a report said Wednesday.

Four trading powers can help but not conclude WTO deal: Lamy
World Trade Organisation chief Pascal Lamy said Wednesday that a deal between four key trading powers -- Brazil, the European Union, India and the United States -- might help deadlocked global trade talks

Trust Bank opens Sylhet corporate branch
Trust Bank inaugurated Sylhet corporate branch recently, says a press release.

Gold drops to 3-month low
The price of gold fell on Wednesday to the lowest level since March as a strengthening dollar made the precious metal more expensive for buyers holding weaker currencies.

Zoellick confident he can get WB working again
Robert Zoellick, the US nominee to head the World Bank, said Wednesday he was confident he can overcome the "period of turmoil" caused by the scandal surrounding the Bank's former head Paul Wolfowitz.

ROK faces long-term challenges: IMF
South Korea's economy is in good shape but faces longer-time challenges from an ageing society and cheaper foreign manufacturers, the International Monetary Fund said Wednesday.

Currency