Volume 4 Number 302 Sat. April 03, 2004    
 
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Business
 
Audit finds 9 reasons for Sonali Bank's huge default loans
Wilful default, faulty selection of debtors main problems
Wilful default by big borrowers and faulty selection of debtors are among the major causes behind the huge amount of default loans stuck with Sonali Bank, said a special audit on the nationalised commercial
 
ADB raises growth forecast for developing Asia
Asia is expected to expand by more than previously forecast this year, with growth outside Japan set to rise to 6.6 percent, the president of the Asian Development Bank (ADB) said Thursday.
 
India needs to grow at least 8pc to cut jobless: UNIDO
India's economy must grow a minimum of eight percent every year to dent poverty and unemployment levels, a senior UN official said Friday.
 
US report cites broad range of trade barriers
The United States voiced concern Thursday over a range of global trade obstacles, from restrictions on beef to subsidies for Airbus to China's effort to impose a new wireless chip standard.
 
Growing trade costs set alarm bells ringing
Surely few phrases in international economics are as turgid as trade facilitation.

But none is more topical.

 
ICB acquires ADB stake in United Leasing
The Investment Corporation of Bangladesh (ICB) bought 1,40,000 ordinary shares of the United Leasing Company (ULC) held by the Asian Development Bank (ADB).
 
Golden Handshake
110 dockers at Ctg port apply on 1st day
One hundred and ten dock workers at Chittagong Port opted to resign on the first day under a golden handshake programme that began here on Thursday to retrench some 1500 dockers.
 
Padma Oil Co declares 50pc dividend
Padma Oil Company Limited (POCL), a subsidiary of Bangladesh Petroleum Corporation, has declared 50 percent dividend for the year 2002-2003.
 
Islamic Finance and Investment declares 10pc stock dividend
Islamic Finance and Investment Limited has declared 10 percent stock dividend for its shareholders for the year ending on December 31, 2003.
 
HP Service holds workshop
HP Services held a workshop for executives of different public and private sector companies in Dhaka recently.
 
Midas training course ends
A weeklong training course styled 'Start Your Business' concluded at Midas (Micro Industries Development Assistance and Services) head office in Dhaka recently.
 
JOBS training for Mirpur shoe entrepreneurs
A weeklong training course styled 'Entrepreneurship Development and Business Management', conducted by JOBS (Job Opportunities & Business Support), an USAID funded project, concluded in Dhaka recently.
 
BGIC vice chairmen re-elected
Ragib Ali and Kalim Sharafi have been re-elected vice chairmen of Bangladesh General Insurance Co Ltd (BGIC).
 
Americas' FTA talks shelved over farm subsidy spat
The planned Free Trade Area of the Americas (FTAA) suffered another setback Thursday when scheduled talks were postponed for a second time over disagreements between US and Latin American officials over
 
EU ups US sanctions, hopes to end row
The European Union put a further squeeze on US imports Thursday in a long-running trade dispute, but said it hoped Washington would take steps to end the fight next month.
 
US industry rallies to protect shrimp trade
A coalition of US restaurants, grocers, seafood distributors and others was launched Thursday to fight a US trade panel ruling that could lead to anti-dumping tariffs against six countries.
 
Weekly Currency Roundup
March 28- April 1, 2004

Local FX Market:
US dollar was volatile this week.

 

 
   
 
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