The Daily Star: Internet Edition Wed. March 02, 2005

Vol. 5 Num 271

Wed. March 02, 2005


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Business

French investment key to offsetting trade imbalance with Bangladesh
French trade commissioner says
Attracting more French investment here will be key to reducing existing trade imbalance between France and Bangladesh, which is heavily in fabour of Dhaka said French Trade Commissioner Dominique Simon.

RMG, textile need Tk16,000cr investment in 5 years
Minister says as int'l textile machinery fair begins
With the beginning of challenging quota-free era, Bangladesh's garment and textile sectors need investment of Tk16,000 crore in the next five years, Textiles and Jute Minister Shajahan Siraj said yesterday.

$1B Investment Plan in Bangladesh
Dhabi Group top brass in Dhaka to explore potential
Top executives of United Arab Emirates' Dhabi Group came to Dhaka yesterday with a view to exploring potential of the largest UAE conglomerate's $1 billion investment plan in Bangladesh.

IPO Scam
SEC to take actions against Premier Bank
Securities and Exchange Commission (SEC) will take actions against Premier Bank Limited on the nature of offence the bank allegedly committed in a bid to grab major shares from the initial public offering

Nepal woos tourists from Bangladesh
Cosmic Air to start 'Buy One Get One Free' offer
Nepalese have embarked on a mission to woo Bangladeshi tourists to the Himalayan kingdom with tourism officials noting that the country is now safe than ever as political uncertainties are over.

AKTEL introduces e-refill service for pre-paid phones
AKTEL mobile phone yesterday launched electronic refill service for its pre-paid subscribers.

US embassy encourages itscommercial interest outside Dhaka: Thomas
American ambassador to Bangladesh said yesterday the US embassy is trying to encourage American commercial interest outside Dhaka.

Bangladesh to amend air service deal with China
Mir Nasir tells Yunnan Airlines officials
Air service between Bangladesh and China will start soon after necessary amendment to the existing Air Service Agreement (ASA) between the two countries.

Gulf Air pulls out of Sri Lanka
Gulf Air has decided to pull out of Sri Lanka effective from March 26, under network changes it is implementing in Asia and Africa with a view to optimising performance.

WB postpones Nepal aid package after failure in reform
A proposed 70 million-dollar World Bank aid package to Nepal has been postponed because the country failed to meet economic reform targets for the money, the bank said Tuesday.

EU eyes progress in new WTO talks
European Union trade chief Peter Mandelson voiced hope Tuesday that talks in Kenya this week will put the WTO "firmly on track" to secure a global trade liberalization deal by the end of year.

Qatar Airways to launch Japan flights
Qatar Airways has announced its new flight schedules to Japan's commercial hub, Osaka, from March 31, 2005.

Philips distributes prizes of Hattrick Gift Offer
Winners of the Philips Hattrick Gift Offer have received their gifts, return air tickets, at a prize distribution ceremony at Transcom Electronics head office in Dhaka recently.

Industry cheers infrastructure facelift in India budget
India's shabby infrastructure, seen as a key roadblock to wooing foreign investment, stands to get a major makeover under ambitious plans announced by the government in the country's annual budget.

Asia's freight rates hold firm but little action
Asian shipping rates moved little but held firm this week ahead of the start of new South American crop loadings, with demand from Japanese charterers before the country's March 31 fiscal year-end helping