Vol. 5 Num 160 Mon. November 01, 2004       Home  News Today's Index Front Page Business Sports Point-counterpoint Metropolitan National International Culture General Views Editorial Letters to Editor Write to Editor Sections Others About Us Contact Advertisement Supplements Archives Business ICB Islamic Mutual Fund IPO sees 8 times oversubscription ICB declares 10pc dividend The initial public offering (IPO) of ICB AMCL Islamic Mutual Fund has received tremendous response from investors as it has been oversubscribed by more than eight times. 3-day HSBC loan fair in Ctg from Dec 10 A three-day loan fair will be held in Chittagong next month to familiarise the residents of the port city with loan products of Hongkong and Shanghai Banking Corporation (HSBC).   ICB offers tele-services The Investment Corporation of Bangladesh (ICB) has introduced tele-service for its clients to provide them with investment-related information over telephone.   India's IT hub set to choke under tonnes of e-waste As IT firms continue to swamp India's technology hub of Bangalore, the city is starting to choke under a heap of e-waste generated from obsolete computers and discarded electronic components.   Tourism bounces back, oil shadow looms over airlines Tourism, headed for the canvas in 2003 owing to SARS and the invasion of Iraq, is back on its feet and packing a punch after a stunning comeback this year according to the latest official figures.   Shortcomings in China's hospitals leave scope for foreign investment Sitting on a soft leather sofa in an elegant cream-colored reception area, a Beijing woman waited for a doctor's appointment.   China warns US against limiting cotton trousers imports China has urged the US government not to limit imports of Chinese cotton trousers, warning such moves would violate WTO principles of free textile trade and hurt trade relations.   Ship arrival up at Ctg port Arrival of ships, mostly foreign cargo vessels, at Chittagong Port recorded an increase in the first nine months of current year compared with the corresponding period a year ago, port officials said.   Tk 4.2cr Danish grant to set up e-marketplace Denmark has approved Tk 4.2cr grant for training and loan for equipment to establish an e-marketplace in Bangladesh to assist readymade garments and textile products.   OneTel to buy CDMA network technology from UTStarcom OneTel Communications Ltd (OneTel) has signed an agreement for approximately $4 million to purchase all-IP CDMA (code division multiple access) network technology from UTStarcom, the world's leading IP   Pan Pacific Sonargaon corporate client of GP Pan Pacific Sonargaon Hotel has recently signed an agreement with GrameenPhone (GP) Ltd to become GP's corporate client.   India's reserves rise on weaker dollar, IPO inflows India's foreign exchange reserves rose for the eight week in a row to within striking distance of a record struck earlier this year, boosted by a weaker dollar and foreign investments in a $1.   Proton’s tie-up with Volkswagen may face Bumpy road Proton's tie-up with Germany's Volkswagen AG (VW) heralds a new chapter for the Malaysian national carmaker but analysts warn the road ahead is bumpy and long-term benefits are hazy without any equity   Pakistan to make oil payments from reserves Pakistan's central bank will start making payments for oil imports from its foreign exchange reserves to reduce dollar demand in the interbank market and stabilise the rupee, the bank's governor saidSaturday.   China, Iran sign $70b oil, gas deal China's oil giant Sinopec Group has signed a US$70 billion oil and natural gas agreement with Iran, which is China's biggest energy deal with the No. 2 Opec producer.   Pakistan economy to grow above 6pc Pakistan's economy is likely to expand at over 6.0 percent this fiscal year but high world oil prices and water shortages threaten growth, the central bank said in its annual report released over theweekend.     Advertisement