Vol. 5 Num 1085 Wed. June 20, 2007    
 
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Business
 
Post-budget Meeting with Business Leaders
Adviser opposes long-term tariff protection for local industries
No amnesty to legalising undisclosed money after July 31: NBR
Responding to business leaders' demand for reconsidering the duty structure proposed in the next fiscal's budget, the finance and planning adviser yesterday said tariff protection could not be carried
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RMG's duty-free issue taken up with Washington
Butenis tells FBCCI
Outgoing United States Ambassador Patricia Butenis yesterday informed business leaders that she has taken up the duty- and quota-free access of Bangladeshi ready made garments (RMG) with authorities in
 
High-tech solutions on display as S'pore ICT show kicks off
Communic Asia 2007, the region's formative ICT exhibition and conference, kicked off yesterday in Singapore showcasing a wide range of cutting edge technologies and business solutions.
 
Tariff proposals to hurt local industries
Roundtable told
The tariff proposals in the proposed budget will benefit importers and put export- oriented domestic industries into trouble, speakers told a roundtable yesterday in Dhaka.
 
Key WTO players meet for 'decisive' talks in Germany
The four key players in the World Trade Organization -- the United States, the European Union, Brazil and India -- arrived in Potsdam outside the German capital on Tuesday for critical talks to breakdeadlock
 
Ctg-Sharjah flights of Air Arabia launched
Air Arabia, a budget airline based in the United Arab Emirates, launched its operations in Bangladesh on Monday initially offering two weekly flights between Sharjah and Chittagong.
 
New IMF reform tackles currency manipulation
The International Monetary Fund has launched a new surveillance system on exchange-rate policies aimed at preventing a country from jeopardizing the health of the global economy.
 
WB directors interview Zoellick today
The World Bank's executive directors late Monday invited former US trade chief Robert Zoellick, the sole candidate to head the poverty-fighting institution, for an interview on Wednesday.
 
Oil prices ease
Oil prices eased in Asian trade Tuesday on profit-taking after hitting their highest levels since early September 2006 overnight, dealers said.
 
Temasek to sell three power generating companies
Singapore's state-linked investment firm Temasek Holdings said Tuesday it plans to sell all three power generating companies under its stable in the next 12 to 18 months.
 
S Korea agrees to re-negotiate FTA with US
South Korea Tuesday accepted a US demand that it re-negotiate a hard-won free trade deal to reflect Washington's new trade policy guidelines but vowed not to give anything away.
 
FMO, StanChart sign deal with 3 banks on trade facility
Netherlands Development Finance Company (FMO) and Standard Chartered Bank (SCB) Bangladesh have recently signed an agreement on Bangladesh Trade Enhancement Facility (BDTEF) with 3 local private banks
 
Yen falls to new lows against euro, dollar
The yen fell Tuesday to another low against the euro and a four-and-a-half-year trough against the dollar on expectations that Japanese interest rates will stay well below those in other major economies,
 
Sino investment in ROK lowering
China's direct investment in South Korea fell last year for a second consecutive year as its interest in Asia's third-largest economy declined, a report said Tuesday.
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Currency


 

 
   
 
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