Vol. 5 Num 1081 Sat. June 16, 2007    
 
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Business
 
Duty on computer to hurt ICT growth
Four associations fear
Four leading associations of information and communications technology (ICT) sector have criticised the proposed budget, saying the imposition of duties on computer hardware and software will hold back
 
Book publishers demand zero duty on newsprint
Book publishers have demanded total withdrawal of duty on newsprint in the budget for 2007-08 and sought initiatives to recognise book publication as an industry.
 
Indian wholesale inflation dips to 4.80pc
Annual wholesale inflation in India fell to its lowest level in nearly a year Friday on a continuing trend of lower food prices, official data showed on Friday.
 
ILO to protect 30m fishermen
The International Labour Organisation on Thursday adopted new rules to ensure adequate conditions for an estimated 30 million workers involved in the hazardous fisheries industry.
 
Thai firm to develop Laos economic zone
The Thai Airports Ground Services Company has agreed to develop infrastructure for a trade and services centre on 270 hectares in Savannakhet's Savan-Seno Special Economic Zone Authority (SEZA).
 
Big cash must be declared to EU customs under new laws
Travellers in and out of the EU must declare cash amounts of 10,000 euros (13,300 dollars) or more under new European rules which come into effect Friday to combat money laundering and terrorist financing.
 
EU scraps subsidies on dairy exports
The EU is to end all subsidies on dairy exports, almost 40 years after they were introduced, the European Commission announced Thursday.
 
Int'l road body wants smooth 'Silk Road'
The head of an international transport lobby on Thursday called on governments across Asia and Europe to slash red tape and other barriers to road trade, saying it was time to smooth the "Silk Road".
 
Zoellick sole WB candidate despite controversy
Despite widespread criticism of the US grip on the World Bank presidency, Washington's nominee Robert Zoellick remained the sole contender late Thursday.
Picture
Pragati Ins declares 30pc dividend
Pragati Insurance Ltd has declared 15 percent cash and 15 percent stock dividends for the shareholders for the year 2006.
 
Special offer to visit S'pore
Singapore's biggest sale is back and it promises to be the most exciting yet.
 
Tokyo bourse buys stake in Singapore exchange
The Tokyo Stock Exchange said Friday that it had acquired a stake of almost five percent in the Singapore stock exchange operator as part of its efforts to forge links with overseas bourses.
 
Honda considers making hybrid cars in China
Japan's Honda Motor is mulling making hybrid cars in China, where regulators want more energy efficient vehicles to help combat the nation's choking pollution problem, state media said Friday.
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Garment producer Cotton Group celebrates 10th anniversary
Established in 1997, The Cotton Group, one of the leading promotional garment producers in Europe, and its brand B&C celebrated the 10th anniversary at a function on Thursday in Dhaka.
 
US Congress questions FTA with ROK
The United States and South Korea are about two weeks away from inking a mega free trade agreement but the US Congress, which needs to approve it, is becoming increasingly sceptical about the deal.
 
Toyota to make diesel engines with Isuzu
Japan's Toyota Motor Corp. will outsource production of low-pollution diesel engines to Isuzu Motors Ltd., a local business newspaper said Friday.
 
National Tea Company okays dividend
National Tea Company Ltd has approved a dividend of Tk 20 per share for its shareholders for the year 2006.
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New president of Motorola Bangladesh
Sabbir A Khan has been appointed president of Motorola Bangladesh, says a press release.
 
Oil above $67
Oil prices were down slightly Friday after reaching a nine-month high overnight on worries that the U.S. refining industry can't meet peak summer gasoline demand.
 
Dollar gains further
The dollar traded near a four-and-a-half year high against the yen in Asian trade Friday as Japan's central bank unanimously kept its super-low interest rates unchanged, dealers said.
 
Weekly Currency Roundup
June 10-June 14, 2007

Local FX Market

The demand for US dollar was stable in the week.

 

 
   
 
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