Volume 4 Number 246 Sun. February 01, 2004    
 
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Call money rate hits 5-year high on pre-Eid withdrawal
The inter-bank call money rate yesterday jumped to 60 percent, a five-year high, as commercial banks witnessed cash crisis in the face of huge pre-Eid withdrawal on the last banking day before the festival.
 
CDS creates scope for settlement time cut
In spite of lukewarm response from investors on its debut last week, the central depository system (CDS) in the capital market opens scope to reduce the settlement time to three days from existing five
 
Foreign consultants to join BB strengthening scheme this month
Implementation of the Central Bank Strengthening Project (CBSP) speeds up this month with the joining of foreign consultants to give a shot in the arm of the country's banking sector.
 
Political crisis may curtail Lanka's economic growth
Finance minister says
A political crisis that has rocked Sri Lanka since early November could cut into economic growth if it continues for too long, finance minister K N Choksy said on Friday.
 
China restricts poultry trade as bird flu battle intensifies
Asia's battle against the bird flu virus intensified Saturday as China halted poultry exports from three more regions with suspected outbreaks and Vietnam imposed a ban on all transport of chickens.
 
Dollar eases against taka
The US dollar eased slightly against Bangladesh taka in inter-bank trade yesterday on poor transactions due to holiday in most international foreign exchange markets, dealers said.
 
Asia-Pacific micro-credit confce in Dhaka from Feb 16
A four-day Asia-Pacific regional micro-credit conference will be held in Dhaka in February, a spokesman said.
 
BB auction
The 5th auction of the 28-day, 91-day, 182-day, 364-day, 2-year and 5-year treasury bills was held here yesterday.

A total of Tk 237.20 crore, Tk 4.30 crore and Tk 20.

 
ONE Bank opens branch at Karwan Bazar
ONE Bank Limited has opened a branch at Karwan Bazar in Dhaka.

With this, the total branch of the bank stands at 12, says a press release.

 
GTCL posts Tk 36cr profit
Gas Transmission Company Ltd (GTCL), a concern of Petrobangla, posted a net profit of Tk 36.25 crore in 2002-2003 fiscal year.

The company earned a revenue income of Tk 144.

 
Bush to unveil $521b 2004 deficit
US President George W. Bush will unveil Monday a half-trillion-dollar budget deficit for 2004, an administration source said, unleashing charges of reckless spending in an election year.
 
Australia, US to continue trade talks
Australia and the United States have extended negotiations on a free trade deal over the weekend with the two sides struggling to reach agreement on a range of issues particularly agriculture.
 

 
 
   
 
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