Vol. 4 Num 300 Thu. April 01, 2004    
 
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Ad hoc measures fail to bridle price hike
ICC-B Annual Report 2003 says
The government failed to rein in the prices of essentials as it took temporary and ad hoc measures instead of long term ones, said Annual Report 2003 of the International Chamber of Commerce-Bangladesh
 
Drought may hit tea production
Tea production may fall this year due to the prevailing drought-like situation in greater Sylhet, the country's main tea producing zone.
 
Withdraw regulatory duty on CKD units
TV assemblers urge govt
Bangladesh Television Manufa-cturers Association (BTMA) has urged the government to withdraw newly imposed regulatory duty on completely knocked down (CKD) units to keep the assemblers competitive inlocal
 
The poor hardly benefit from dev projects
WB economist tells BIDS seminar
A World Bank (WB) economist has criticised the government and donor agencies for not monitoring the donor-funded poverty reduction projects and urged both the parties to increase allocation for supervision
 
Caught in own trap
Food colours in UK's Bangladeshi, Indian restaurants spell doom for restaurateurs
Full of high spirits, restaurant business of Britain's most popular Bangladeshi and Indian foods faces a big speed-breaker for the restaurateurs' use of excessive food colours to make the culinary dishes
 
World accounting body throws challenge to EU
New book-keeping rules to cut Europe’s profits
The world's international accounting rule-maker threw down a challenge to the European Union Wednesday, adopting new book-keeping rules that critics say will play havoc with European profits.
 
Govt seeks WB help to merge revenue, dev budgets
The government yesterday sought technical and financial help of the World Bank (WB) to merge the revenue and development budgets into one.
 
Bank Asia board recommends 24pc bonus share
A board meeting of Bank Asia has recommended 24 percent bonus share-- 12 shares for every 50-share-- for the year 2003, says a press release.

The bank earned an operating profit of Tk 419.

 
WFP activities in Bangladesh to get AUD$1.123m from Australia
Australia will provide 1.123 million Australian dollars to Bangladesh in 2003-2004 to continue to fund World Food Programme's (WFP) supervising activities in the country.
 
Mintoo meets US envoy
FBCCI President Abdul Awal Mintoo yesterday had a meeting with US Ambassador Harry K Thomas.

Sources said the meeting at the US Embassy lasted for an hour from 11 in the morning.

 
Trust Bank cuts interest rates
The Trust Bank Limited (TBL) has recently cut interest rates on loans in various sectors by 3 to 3.5 percent.
 
Bengal Cosmetics introduces Adidas products
Bengal Cosmetics Ltd, an importer of fragrance and toiletries from the USA, France and Spain, has introduced Adidas toiletries and body care items in local market.
 
Opec leaning towards output cut despite US opposition
Opec ministers meeting in Vienna Wednesday looked set to maintain a cut in their daily oil production of one million barrels, despite US calls for a delay to help rein in high energy prices.
 

 
   
 
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