Volume 5 Number 36 Thu. July 01, 2004    
 
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Business
 
Hasina for pro-poor reform in global economic order
BEA international conference concludes
Leader of the Opposition in Parliament Sheikh Hasina has suggested pro-poor reform in the existing global economic order where fair distribution of global benefits and costs among all the countries must
 
Donors must be flexible, less impatient with reforms
US development economist tells BEA conference
A US development economist yesterday said donors must keep their commitments and be less impatient with building institutions and guiding reforms in developing countries.
 
NBR Scraps June 10 Decision
Local cos winning int'l bids to get VAT refund
The National Board of Revenue (NBR) has backtracked from its earlier decision of retaining VAT (value-added tax) which local firms use to deposit with the authorities concerned after winning international
 
DCCI for narrowing gap in forex rates of NCBs, private banks
Dhaka Chamber of Commerce and Industry (DCCI) has urged the Bangladesh Bank to take initiative to minimise the gap between the foreign exchange rates quoted by nationalised commercial banks (NCBs) and
 
CPA for special Dhaka-Ctg railway container service
Chittagong Port Authority (CPA) has placed a project proposal to the National Taskforce for Investment and Climate Development to set up an exclusive railway lane at an estimated cost of Tk 800 crorebetween
 
China state banks sell $34b of bad loans
China's Cinda Asset Management will buy US$33.7 billion (278.
 
French engineering firm eyes India as major hub
French engineering giant Alstom is eyeing the Indian market as a major hub for its global operations.
 
Southeast Bank okays 20pc cash, 20pc stock dividends
Southeast Bank Limited has okayed 20 percent cash dividend and 20 percent stock dividend for the year 2003.
 
BGIC declares 20pc dividend
Bangladesh General Insurance Company Limited (BGIC) has declared a 20 percent dividend for shareholders of the company.
 
Pioneer Ins Declares 12pc dividend
Pioneer Insurance Co Ltd has declared a 12 percent dividend for its shareholders for the year 2003, says a press release.
 
Kay & Que Declares 10pc dividend
Kay & Que (Bangladesh) Limited declared a 10 percent dividend for the year 2003 on Monday.

The dividend was declared at the company's 20th annual general meeting in Dhaka, says a press release.

 
BKB to provide loans for tea Farming in hill districts
Bangladesh Krishi Bank will provide loans at the rate of five percent interest to small land owners for tea cultivation in the three hill districts.
 
New MD of Premier Bank
Kazi Abdul Mazid has been appointed managing director of Premier Bank with effect from today.

Prior to joining the new assignment, Mazid was advisor to the bank, says a press release.

 
BASIC Bank Declares 60pc dividend
BASIC Bank has declared a cash dividend of Tk 4.50 crore and bonus share worth Tk 22.50 crore out of the profit of Tk 65 crore made during the year 2003.
 
CSE holds OTC Orientation programme
Chittagong Stock Exchange (CSE) has organised an orientation programme on OTC (over the counter) facilities, which will formally be inaugurated on July 4 this year.
 
Bank holiday today
The transactions at the Bangladesh Bank and all scheduled banks will remain closed today on account of bank holiday.
 
Clarification
The Investment Corporation of Bangladesh (ICB) has clarified its position on a report headlined "Mutual funds fail to take off on ICB's defiance to rules" published on this page on June 22 last.
 
WTO members making progress on Doha talks
Supachai says
WTO member states are making progress in most areas of the Doha round of talks aimed at reducing global trade barriers, the organisation's director general Supachai Panitchpakdi said Monday.
 
GM Daewoo workers vote for strike
Workers at US-owned GM Daewoo Auto and Technology, South Korea's third-largest automaker, approved a call for a strike Wednesday after talks with management on higher pay broke down, officials said.
 
S’pore tourism bounces back in a big way
Visitor arrivals here rose 271 percent in May from a year ago, when Singapore suffered a major setback due to the Severe Acute Respiratory Syndrome (Sars), tourism officials said Wednesday.
 
Indian economy grows 8.2pc
India's economy grew 8.2 percent in the year to March 2004 compared with 4.0 percent the previous year, according to government figures released Wednesday.
 

 
   
 
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