The Daily Star: Internet Edition Mon. June 25, 2007

Vol. 5 Num 1090

Mon. June 25, 2007


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Business

Adequate infrastructure key to luring FDI
Swiss envoy expects double taxation avoidance deal with Dhaka soon
The Swiss ambassador in Dhaka has said business- and investment- friendly regulations, functioning institutions and adequate infrastructure are key to attracting more foreign direct investment (FDI) in

Zero tariff facilities for raw materials should continue
Top business leaders reiterate demand
Top business leaders have reiterated their demand for zero tariff facility for importing raw materials used in the local industries.

Citigroup keen to develop human resources in Bangladesh
Regional top HR official tells
Citigroup, a world leading financial institution, wants to play a cooperative and positive role in human resource development in Bangladesh, said a senior human resource (HR) manager at Citigroup, South

Duty on machinery to discourage new investment in textile
Says BTMA
New investment in the textile sector will be discouraged if the government finally imposes duty on both textile machinery and raw materials in the next fiscal year, textile millers said yesterday.

Uncertainty over duty free RMG export to India to go soon
Meeting told
The uncertainty over duty-free export of eight million pieces of apparel items from Bangladesh to India is likely to be resolved in a week or two, a meeting was told here Sunday.

Asia urged to take lead on global financial challenges
Asia must take a lead role in tackling global issues and coping with rapid growth even as it faces a real risk of "economic chaos" from global financial imbalances, regional officials and business leaders

Two customs houses start functioning in Ctg from July 1
Newly created Customs House (import) and Customs House (export), which came into being after the split of Customs House, Chittagong, are all set to start functioning from July 1.

SE Asia urged to push Doha trade talks
Southeast Asian nations should not remain silent in the face of continued difficulties over the Doha round of global trade negotiations, business and other leaders were told Sunday.

Myanmar RMG exports 'dire' because of US sanctions
Myanmar's garment exports declined again last year under the weight of US sanctions, an industry group said, amid questions about whether the measures will persuade the military regime to reform.

BSCIC fair begins
A five-day fair began in Dhaka yesterday to promote the products of small and cottage industries. Bangladesh Small and Cottage Industries Corporation (BSCIC) organised the fair at Motijheel.

'Thai growth to return after political strife resolved'
Thailand's economy will return to the fast track once the country resolves political uncertainty from the ouster of former prime minister Thaksin Shinawatra, Finance Minister Chalongphob Sussangkarn said

LSE to buy Italian bourse
The London Stock Exchange confirmed Saturday it is buying Borsa Italiana for 1.6 billion euros (2.15 billion dollars), bolstering the LSE amid takeovers of European stock markets by US rivals.

Cheap cars allow Indians to jump off motorcycles
Trading a motorcycle for a car in India has long been too expensive for many, but manufacturers plan to offer models at 3,000 dollars or less to attract new buyers, analysts say.

Thailand looks to India to balance China's weight
Thailand's army-installed prime minister heads to India on Monday in a bid to speed up a free trade deal, which Bangkok hopes will help counterbalance China's growing weight as a trading partner.

Currency