Vol. 5 Num 162 Wed. November 03, 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 StarTech Star Chittagong Others About Us Contact Advertisement Supplements Archives Business Saifur slams garment barons for 'keeping funds abroad' Finance and Planning Minister M Saifur Rahman yesterday blasted garment exporters accusing them of depositing their savings abroad instead of investing in backward linkage industries.   DSE forms probe body to dig into technical glitch Trading to remain open after today's half-day hartal Dhaka Stock Exchange (DSE) yesterday constituted a high-powered committee to probe the technical glitch in its automated systems that halted trading on Monday.   Software producers term export target ambitious Five-day software exposition from Nov 25 Terming the $2 billion software export target by the year 2006 "lofty and unachievable", local software producers yesterday demanded revision of the target envisaged in the national IT policy.   Tata firm buys US telecom co in $130m cash deal The Tata Group firm Videsh Sanchar Nigam Limited (VSNL), a leading provider of telecom and internet services, bought over Bermuda-based Tyco Global Network (TGN), one of the advanced and extensive global   S Asian women entrepreneurs for maximum trade benefit Eid festival begins As an Eid festival went underway yesterday in Dhaka South Asian women entrepreneurs have vowed to work side-by-side to explore maximum trade opportunities in the region.   WTO chief slams private sector for fuelling trade tensions World Trade Organisation chief Supachai Panitchpakdi on Monday sharply criticised private companies like Airbus and Boeing, saying they were helping to fuel tensions in the global free trade system.   Bangladesh favours joint ventures with Indian cos Bangladesh is in favour of setting up joint ventures with Indian companies to address the imbalances in bilateral trade.   EC to support private sector initiatives The European Commission and Bangladesh yesterday signed a financing agreement on the EU-Bangladesh Economic Co-operation Small Projects Facility (SPF).   Int'l Jute Study, FAO sign MoU Food and Agriculture Organisation (FAO) of the United Nations and the International Jute Study Group (IJSG) have agreed to strengthen their co-operation through consultation and co-ordination for thedevelopment   Handloom designing centre opens under private initiative With a view to attracting foreign buyers, Palli Enterprise Development Ltd, a local export oriented private handloom firm, yesterday opened a designing centre--Palli Check Studio, in Dhaka.   Country repays Tk 951cr a year in interest on foreign loans Bangladesh is to repay over Tk 951 crore annually in interest on foreign loans the country receive over the years, the finance minister told the parliament yesterday.   China's major SoEs see big profit hikes China's major state-owned enterprises maintained a sharp profit growth in the first three quarters of the year, fuelled by strong performance of oil, power and transportation sectors.     Advertisement