Vol. 5 Num 247 Thu. February 03, 2005       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 Bangladesh RMG won’t get major shock in US despite China threat US textile expert tells newsmen in webchat interview With the phaseout of the MFA, increased Chinese exports to the US in the first instance could hurt Bangladesh exports and there may be some decline in US imports from Bangladesh but it will not be toa   Taka tumbles further against greenback In the face of increasing demand for paying import bills, dollar price continued to rise against Bangladesh currency reaching another record high at Tk 63.7 per unit yesterday, dealers said.   UN experts urge India to step up investments in health, education A panel of UN-appointed experts urged India on Wednesday to step up investments in the health and education sectors to make good on a worldwide pledge to halve extreme poverty worldwide by 2015.   Tea market in vibrant mood The international tea auction here continues to enjoy a very vibrant demand, thanks to the strong support from internal buyers followed equally by blenders and loose tea traders.   Recovery makes Kyoto targets difficult for Japan industry A recovering economy has made it hard for one-third of Japanese industries to meet self-imposed targets in cutting carbon dioxide emissions to help Japan meet the UN Kyoto Protocol, reports said Wednesday.   New president wants more flexible ADB Haruhiko Kuroda took office as the new president of the Asian Development Bank (ADB) Tuesday, calling for a more flexible and efficien institution to enhance economic growth and poverty reduction in the   New EC head to pursue business-friendly agenda New European Commission head Jose Manuel Barroso is to set out a more business-friendly future for the bloc when he presents a plan for its economic reform, he said in an interview published Wednesday.   Abdul Monem Ltd launches sugar refinery Abdul Monem Limited (AML), bottler of Coca-Cola and owning company of Igloo ice cream, has recently launched a new venture in sugar refinery in Bangladesh.   F1 Auto Fair on Feb 11 A daylong automobile exhibition titled 'F1 Auto Fair' is going to be held on 11 February at the Gulshan field located behind Wonderland Park in Dhaka.   China dampens hopes of yuan revaluation ahead of G7 meet China has shown no sign of bowing to international flattery or pressure to amend its fixed yuan/dollar currency system and its invite to the top drawer G7 meeting of finance chiefs in London is unlikely   India relaxes rules for foreign investment in telecom sector India's cabinet on Wednesday raised the limit on foreign company ownership of phone companies to 74 percent from 49 percent.   MIDAS to organise training course from Feb 5 Micro Industries Development Assistance and Services (MIDAS) will arrange a 6-day training course titled 'Start Your Own Business' from Saturday at its head office in Dhaka to help businesspersons invarious   Pakistan central bank forecasts 2004/05 M2 growth at 14.5pc Pakistan's central bank said on Tuesday it expected broad money, or M2, to grow by 14.5 percent in the fiscal year to June 30, higher than the government's budgetary target of 11.5 percent.   Musharraf to open Pakistan's biggest trade fair since 9/11 Pakistan President Pervez Musharraf is to open an international trade fair Wednesday designed to attract foreign investors scared off by violence which has plagued the country since 9/11, officials said.   Lenovo chief outlines global plan after IBM takeover Lenovo Group's takeover of IBM's PC division will fast-track the Chinese firm's global expansion plans by 10-20 years and make it a global technology force, the company's president said here Wednesday.   Mitsubishi Electric net profit doubles Mitsubishi Electric said Wednesday its net profit more than doubled in the nine months to December on growing sales of industrial and electronic devices despite slower production and capital spendingin     Advertisement