Vol. 5 Num 248 Fri. February 04, 2005       Home  News Today's Index Front Page Business Sports Metropolitan Culture General Views Editorial Letters to Editor Write to Editor Sections World Others About Us Contact Advertisement Supplements Archives Business   Shrimp export suffers 37pc fall in first half Arrival of new variety, int'l price decline cause slump The country's shrimp export witnessed a major setback in the first half of the current fiscal year, thanks to arrival of a new cheap variety and international price decline.   CCCI cancels tender of WTC project The new executive body of Chittagong Chamber of Commerce and Industry (CCCI) cancelled the international tender on World Trade Centre (WTC) floated by the previous committee.   India clears Saarc double taxation avoidance deal India cleared a limited agreement among the Saarc countries for avoidance of double taxation and mutual administrative assistance in tax matters here on Wednesday.   Budget structure to be reformed: MK Anwar Agriculture Minister MK Anwar yesterday said the government took steps to reform the budget structure with an objective to attain rapid economic growth, and ensure rational utilisation and distribution   Indian IT industry gets going The Indian information technology industry continues to be on song.   China blasts threatened US deadline on yuan revaluation China said Thursday that a threatened US bill giving it six months to revalue its currency, the yuan, would be the wrong way to handle the sensitive issue.   Offices at Ctg port remain open today The Chittagong Port, Dhaka ICD, concerned customs office and bank booth will remain open today to facilitate quick delivery of unloaded containers for the benefit of garments and other industries.   Govt to amend insurance act, says Moudud Law, Justice and Parliament Affairs Minister Moudud Ahmed said government will take initiative to amend existing insurance act to introduce takaful, an insurance system in line with Islamic Shariah, in   CCCI concerned over hike in dollar price Seeks urgent BB steps Chittagong Chamber of Commerce and Industry (CCCI) expressed concern over continued rise of dollar against taka and urged the Bangladesh Bank to take emergency step to prevent the unstable trend in the   Lankan IT co keen to invest in Bangladesh A Sri Lankan IT company showed its keen interest to invest in Bangladesh.   G7 ministers to look at deficits, growth, debt With the dollar staging a modest recovery against the euro, Group of Seven finance chiefs at a meeting here this weekend are likely to grapple with massive deficits in the United States, anemic growth   China tweaks tariffs to quell inflation A series of tariff changes imposed by China to quell its booming commodities trade may well be Beijing's way of controlling inflation and saving jobs on the farm without touching the exchange rate.   Bush promises tight budget, to slash 150 programmes President George W.   Crescent Jute Mills closed down The state-owned Crescent Jute Mills Ltd at Khalishpur in Khulna was closed down on Tuesday morning throwing its 6,400 employees and workers out of jobs.   Singapore-US FTA boosts trade by 10pc Trade between Singapore and the United States increased 10 percent to about 40 billion US dollars during the first year of their free trade agreement (FTA), the two countries said Thursday.   Asian airlines’ traffic up in 2004: AAPA Airlines based in the Asia Pacific carried a record number of passengers and cargo in 2004 and the outlook remains buoyant for this year, an industry association said Thursday.   Charities urge G7 to cancel poor countries' debts Aid agencies Wednesday urged major developed countries to agree to cancel poor states' debts, saying more people die every week because of poverty than perished in the Asian tsunami.   Gillette quarterly profit up 13pc Gillette Co on Thursday said fourth-quarter profit climbed 13 percent as consumers traded up to high-end products such as its M3Power razor and Oral-B Sonic Complete toothbrush.     Advertisement