The Daily Star: Internet Edition Mon. August 13, 2007

Vol. 5 Num 1140

Mon. August 13, 2007


News
Today's Index
Front Page
Business
Sports
Metropolitan
National
International
Culture
General


Views
Point-counterpoint
Editorial
Letters to Editor
Write to Editor


Sections


Others
About Us
Contact
Advertisement
Supplements
Archives

Business

Remittance Inflow
29pc money come from NRBs in Saudi Arabia
Of the total remittance inflow into the country, the highest amount, or 29 percent, came from Saudi Arabia last fiscal. The non-resident Bangladeshis (NRBs) from Saudi Arabia sent US$ 1734.

Contractionary monetary policy may have negative impact on investment
ICC-B workshop told
The Bangladesh Bank's move to enforce IMF (International Monetary Fund) prescription for a contractionary monetary policy in order to tame inflation might have a negative impact on investment, cautioned

Sri Lanka cashes in on 'distressed' denim jeans
The denims look tattered and frayed, but shoppers in Europe and the United States are prepared to pay good money for "distressed" jeans and Sri Lanka is cashing in.

China seeks to dampen US dollar rumors
China sought Sunday to dampen speculation it will conduct a massive sell-off of U.S. dollar holdings, with a central bank official saying the dollar remains a mainstay of its foreign exchange reserves.

New India revels in 'trading superpower' dreams
When India comes to celebrate a century of independence it will be as a superpower, a trading giant straddling the world, just next to China -- according to conventional wisdom.

Selling pressure pulls down price indices
Selling pressure, especially from institutional investors, pulled down the price indices on the Dhaka and Chittagong stock exchanges yesterday.

BTRC fines GEP Telecom Tk 4cr
Bangladesh Telecommunication Regulatory Commission (BTRC) yesterday fined GEP Telecom Limited, a private land phone operator, Tk 4 crore, as the company has failed to fulfill a licensing condition.

New airlines plan to increase flight to Nepal
Nepal is fast turning into a hot destination for international airlines while the national flag carrier is reeling under lack of aircraft.

US federal deficit down to $157.3b
The federal deficit so far this budget year is running sharply lower, driven by record revenues pouring into government coffers.

Air travel in India set to be costlier
If the Indian airline industry has its way, low-cost carriers and super-low discount schemes will soon be a thing of the past.

Japan's growth seen slowing in second quarter
Japanese economic growth is expected to have slowed sharply in the second quarter of 2007, hit by slowing exports to the United States, analysts predict.

Cross-country investments seen key to Asean integration
Asean companies should not let potential controversy derail them from investing in each other's countries as this will work against economic integration, Prime Minister Lee Hsien Loong said.

New MD of Central Ins
Md Zahid Anwar has been recently promoted as the managing director (MD) of Central Insurance Co Ltd, says a press release. Prior to his new assignment, he served the company from various capacities.

New DMD of Dhaka Ins
Khawja Manzer Nadeem has been promoted to the post of deputy managing director (DMD) of Dhaka Insurance Ltd recently. He joined the company in 2005 as general manager, says a press release.

The City Bank's new head of Treasury & Market Risk
Sheikh Mohammad Maroof has joined the City Bank Ltd recently as EVP & head of Treasury & Market Risk.

Currency