The Daily Star: Internet Edition Thu. June 02, 2005

Vol. 5 Num 360

Thu. June 02, 2005


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Business

Knitwear exporters eye China market
10 local firms to take part in Kunming fair
When China is dominating the world apparel market, local knitwear exporters are confident to grab a portion of Chinese market.

Run-up to Budget FY06
Poor tax incentives bar cos from going public
DSE president tells The Daily Star
Inadequate tax incentives for listed companies are discouraging successful local and multinational companies to go public, observed Shahiq Khan, president of Dhaka Stock Exchange.

BEI, Katalyst to set up corporate social responsibility centre
Bangladesh Enterprise Institute (BEI) and Katalyst, a project promoting small and medium enterprises, yesterday signed a memorandum of understanding (MoU) to establish a corporate social responsibility

Small entrepreneurs seek export subsidy
When products of small and cottage industries hardly get moral support of the policymakers, the "so-called" export subsidy still remains a far cry for the small entrepreneurs to boost their line of production.

Food shop owners decry VAT, threaten to close stores
Food shop owners yesterday threatened to shut down shutters of some 4,000 food stores in Dhaka along with 21,000 others across the country, if the VAT is not exempted or brought down to a tolerable limit.

Wolfowitz takes World Bank helm
Paul Wolfowitz became World Bank president yesterday and said his agenda would focus on Africa, tackling corruption and making poor countries feel less sidelined in the bank's decisions.

Food ministry okays Tk 94cr ADP
Food and Disaster Management Ministry yesterday approved a Tk 94 crore annual development programme for implementing 15 projects.

Gillette holds promotional raffle draws
Raffle draws of trade promotional campaign of Gillette Bangladesh were held yesterday simultaneously in Dhaka, Chittagong and Khulna.

26 foreign cos bid for gas, oil explorations in India
In an unprecedented response to India's search for energy security, 26 companies from 13 countries, including the UK, Canada and Kuwait, have bid for explorations of gas and oil fields in the country.

Winners of Pepsi offer to fly to meet Amitabh
‘Adda with Amitabh', the latest promotional campaign of soft drink giant Pepsi, earned a huge response across the country.

Oil prices climb on eve of US inventories report
World oil prices rose on Wednesday when traders geared up for the release of official US data on crude stockpiles just a few days after the start of the summer driving season in the United States.

EU, US must relax demands over textiles: Chinese state media
The United States and European Union must adopt a more flexible attitude if progress is to be made in their dispute with China over textile exports, state media said Wednesday ahead of a visit by US trade

Japan, Indonesia agree to begin talks on FTA
Japan and Indonesia agreed on Wednesday to begin negotiations over a free trade agreement (FTA) as early as next month, as Tokyo tries to secure regional clout through trade deals in Southeast Asia.