Volume 4 Number 218 Sun. January 04, 2004    
 
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Forex reserves hit 8-year high
Foreign exchange reserves hit an eight-year high of US$2.65 billion yesterday.

After hitting the highest $3.

 
EPB to hold three single country fairs in Yangon, Sydney, Toronto
Encouraged by last year's single country fairs organised in two countries, the government is going to hold three similar fairs in three continents in the next four months.
 
Re-rolling, steel millers keep striking
Ignore commerce minister's assurance to look into their problems
Re-rolling and steel mill owners are adamant to continue their indefinite strike until their demands are met, although Commerce Minister Amir Khosru Mahmud Chowdhury yesterday assured them of lookinginto
 
India repays $2b in foreign loans ahead of deadline
India's central bank announced on Friday that the government had taken advantage of its strong foreign exchange reserves position to pay 2.0 billion dollars in foreign debt in advance.
 
Singapore economy expands in Q4
Powered by rising production of computer chips, disk drives and pharmaceuticals, Singapore's economy expanded for a second straight quarter, but the momentum is slowing.
 
World carmakers hope for healthy year
Asian manufacturers to be big gainers
The global car industry is due for a pickup in 2004, a survey of 100 top bosses in the auto industry says.
 
Tk 100cr PKSF loan for Asa
Palli Karma Sahayak Foundation (PKSF) has signed an accord to provide Tk 100 crore loan to Asa, a non-government organisation.
 
Saarc countries to form Youth Employment Summit network
Country coordinators from seven South Asian nations have signed a memorandum of understanding to form Saarc Country Youth Employment Summit (YES) Network recently.
 
Eastern Cables earns Tk 116.38cr in 32 years
Eastern Cables Limited, a concern of Bangladesh Steel and Engineering Corporation (BSEC) has earned Tk 116.38 crore profits in 32 years since its inception till December 2003.
 
Mercantile Bank cuts lending rates again
Mercantile Bank Limited has reduced lending rates for the second time in last three months.

The rates will now rang from 7 per cent to 14.

 
Emirates wins two awards in India
Emirates, the Dubai-based international carrier, has won two top distinctions at the Galileo Express Travel and Tourism (ET&T) Awards in Mumbai, India.
 
Call money rate steady
The inter-bank money shot up to its high at 9 per cent yesterday as some banks experienced liquidity problems, fund managers said.
 
Taka remains weak against dollar
The Bangladesh taka remained at its record low level against the US dollar yesterday, the second trading day of 2004, as some banks faced setback in dollar earnings through remittance and exports.
 
Country attains self-sufficiency in medicine
The country has attained self-sufficiency in medicine and presently about 96 per cent of its domestic demands is met by productions in the local pharmaceutical industries.
 
US may pay farmers to test for mad cow
The US government said on Friday it might pay American farmers to turn in sick or crippled cattle to be tested for mad cow disease.
 
Manufacturing surge offers hope for US economy
A survey Friday showing that US manufacturing activity surged in December to its highest level since 1983 offered hope that the economy is keeping momentum from the strong gains in 2003, analysts said.
 
Malaysia hopes to lure 13m tourists in 2004
Malaysia hopes to lure 13 million tourists in 2004 after a setback last year and will launch a year-long cultural program to woo big-spending visitors from China, a deputy minister said Friday.
 
Gold glitters in sluggish festive trading week
Gold was the standout performer in a generally sleepy post-Christmas week for the commodities market, the metal rising to near-eight year highs, due mainly to the plummeting dollar.
 
Wall Street bull charges into '04
The bull market ran strong on Wall Street through the end of 2003, and many analysts say the rally is not over despite a slight trip in the first session of 2004.
 
Jakarta allows port visa facility for 21 countries
Indonesia is to bring in an immigration law from next month which allows tourists from 21 countries to obtain visas on arrival, a report says.
 

 
 
   
 
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