Vol. 5 Num 102 Sat. September 04, 2004    
 
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Software exports fall flat
Earnings fail to achieve target by 80pc in FY'04
Software exports fell 80 percent short of target in 2003-04 despite the government effort to boost the sector by forming an ICT Business Promotion Council (IBPC) two years ago.
 
Asean, Australia, NZ may agree on free trade talks
Southeast Asia nations, Australia and New Zealand were likely to recommend the formal launch of free trade negotiations at a meeting in Jakarta this weekend, a senior Australian trade official said Friday.
 
India's inflation rate highest in nearly four years
India's inflation rate rose above eight percent, its highest level in over three and a half years, on the back of an uptick in food and fuel prices, government data showed Friday.
 
Japan, Asia face bumpy road towards free trade pacts
Japan, keen not to lose ground to China, is stepping up its pursuit of regional and bilateral free trade pacts, but the path to success will be bumpy and some experts question how committed Tokyo really
 
Bush urged to dump textile trade team
South Carolina Sen Ernest "Fritz" Hollings urged President George W Bush Thursday to dump his textile trade team and replace its members with officials more willing to deal with a possible threat posed
 
Meena Bazar outlet now in Khulna
A branch of Meena Bazar, a chain superstore, was opened in Khulna.
 
Southeast Asia must overcome rift for sake of growth
Indonesia's president says
Southeast Asian nations must overcome their differences and integrate their economies or face a future on the sidelines of global commerce, Indonesia's president told ministers from the region Friday.
 
Apec ministers favour currency liberalisation
Asia-Pacific finance ministers were to call for currency deregulation in a statement due to be released on Friday, the head of the US delegation said, in a move that particularly targets China's monetary
 
Paper shares of Reliance Ins to be converted into electronic ones
Reliance Insurance Limited has signed an agreement with Central Depository Bangladesh Limited (CDBL), the service provider of central depository system, to convert its paper shares into electronic ones.
 
Jamuna Bank, Square Informatix sign deal
Jamuna Bank Limited has signed an agreement with Square Informatix Limited to facilitate online banking services to its clients.
 
Qatar Airways now flies daily to Paris
Qatar Airways has started its daily flight to Paris as part of its summer schedule, says a press release.
 
China issues housing loans rules
China has formally issued new regulations on housing loans that tighten avenues for credit as part of an ongoing package of measures to cool the sector and the economy as a whole, regulators said Friday.
 
Pakistan keen to exploit its wind power potential
With oil prices soaring, Pakistan is keen to exploit its wind-generated power potential and there is no shortage of foreign companies lining up for a stake in what could provide up to 1,000 megawattsof
 
Boeing wants transatlantic subsidy war out of WTO
US aviation giant Boeing Co. is pressing for an end to subsidies for its European rival Airbus, which will be at the heart of new talks this month between the US government and the European Union.
 
IMF to revise upward global growth outlook
The International Monetary Fund will make a modest upward revision to its global economic growth outlook, managing director Rodrigo Rato said Tuesday.
 
Weekly Currency Roundup
August 28-September 2, 2004

Local FX Market
US dollar was volatile against Bangladeshi taka. Greenback remained steady in the beginning of the week due to matched demand and supply.

 

 
 
   
 
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