The Daily Star: Internet Edition Fri. August 10, 2007

Vol. 5 Num 1137

Fri. August 10, 2007


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Business

NBR makes good start to new fiscal year
Income tax collection grows 58pc in July
Riding on a 58 percent growth in income tax collection, the National Board of Revenue (NBR) has made a good start to the new financial year as it achieved a 13.

Mirza Aziz sees no quick respite from essentials' price hike
'Anti-corruption drive won't affect honest businesspeople'; 'BDR-run stores to help set up alternative marketing system'
Finance Adviser Mirza Azizul Islam does not see a quick respite from the soaring prices of essentials, but said the government is investing all its efforts to keep the market stable.

Poverty fight gets harder as Asia modernises
The struggle to lift 600 million Asians out of poverty is becoming harder despite the region's hectic pace of modernisation, experts told a regional conference here Thursday.

World stocks slide on fresh US credit concerns
Global equities turned sharply lower on Thursday, led by heavy falls to leading European stock markets, as worries resurfaced about a weak US subprime mortgage sector, dealers said.

Ratan Tata still hopeful of Bangladesh plans
Their three billion dollar proposal for Bangladesh hanging fire notwithstanding, the Tata Group has said it is still keen on the projects. "We have decided to go to Bangladesh.

Dhaka int'l trade fair in January
The 13th version of Dhaka International Trade Fair (DITF) will begin in January next year at Sher-e-Bangla Nagar in the capital.

StanChart offers depositary participant services
Standard Chartered Bank has recently launched depositary participant services for its retail customers, says a press release.

Fair of women entrepreneurs' products begins
Proceeds to go to flood victims
A two-day fair to exhibit and sell the products made by women entrepreneurs began in the capital yesterday.

Trust Bank official to get int'l brand leadership award
Aftab Mahmud Khurshid, head of Corporate Brand & Market Communications Department of Trust Bank Ltd, will receive brand leadership award at Asia Brand Congress 2007 to be held in Mumbai, India in September.

Bush says China's dollar attack would be 'foolhardy'
President George W. Bush on Wednesday said China would be "foolhardy" to attempt to push down the dollar in retaliation for US pressure over Beijing's alleged currency manipulation.

Novartis urged not to appeal against Indian patent ruling
The humanitarian group Medecins Sans Frontieres (MSF, Doctors Without Borders) on Wednesday urged Swiss pharmaceutical group Novartis not to challenge an Indian patent law on vital medicines.

Currency

Correction
In a news item headlined 'Prescheduled berthing introduced at Ctg port' published on Business Page on Tuesday, the agent's name of Markur Bridge ship was inadvertently mentioned as PIL instead of APL.