The Daily Star: Internet Edition Fri. June 29, 2007

Vol. 5 Num 1094

Fri. June 29, 2007


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Business

No place for defaulters, tax dodgers, criminals in trade body polls
FBCCI okays commerce ministry directive
Loan defaulters, tax evaders and persons convicted of crimes from now on will not be able to contest elections to any trade bodies including the apex trade body, Federation of Bangladesh Chambers of Commerce

Lanka exports hit as shipping lines drop Colombo
Sri Lankan exporters are being squeezed as fewer container ships heading west call into Colombo, with global shipping lines moving more business to India and its booming economy.

IMF fights for legitimacy 10yrs after Asian financial crisis
Ten years after playing a controversial role in the Asian financial crisis, the International Monetary Fund (IMF) is now in the midst of its own identity crisis.

Aviation forum hails India, China air travel boom
Aviation industry figures and politicians on Thursday hailed a boom in air traffic in India and China, with operators keen to cash in on growing numbers of passengers travelling to the regional giants.

India readies plan for ailing agriculture sector
India plans an ambitious project to boost flagging agricultural output by 11 percent over the next four years and reduce the need for imports, a top official said on Thursday.

Australian court clears Citigroup of insider trading
An Australian court on Wednesday cleared Citigroup of insider trading charges brought against the world's biggest bank by the local corporate regulator.

EU to ban all Indonesian airlines
All 51 Indonesian airlines will be banned from flying to the European Union from next week after EU air safety experts deemed them to be unsafe, the European Commission said Thursday.

Course on laboratory accreditation
The certificate-giving ceremony of a course on laboratory accreditation for auditors, the first of its kind in the country, was held in Dhaka yesterday.

Eastland Ins declares 10pc cash, 21pc stock dividends
Eastland Insurance Company Ltd has declared a 10 percent cash dividend and a 21 percent stock dividend for the year 2006.

StanChart, HSBC targeted in China forex crackdown
HSBC and Standard Chartered confirmed Thursday they were among banks targeted in a crackdown by China's foreign exchange regulator on speculative capital inflows.

Green Delta Ins declares 30pc cash dividend
Green Delta Insurance Company Ltd has declared a 30 percent cash dividend for the year 2006.

Arab National Bank, NCC Bank team up on remittance
Bangladeshi expatriates in the Kingdom of Saudi Arabia (KSA) can now easily remit their money to home using TeleMoney of Arab National Bank, KSA through NCC Bank Ltd, says a pres release.

Pioneer Ins approves 20pc cash dividend
Pioneer Insurance Company Ltd has approved a 20 percent cash dividend for the year that ended on December 31, 2006.

Oil rises further
Oil prices extended gains on Thursday as the market focused on renewed supply concerns in the United States, the world's biggest consumer of energy, traders said.

Currency