The Daily Star: Internet Edition Fri. July 01, 2005

Vol. 5 Num 389

Fri. July 01, 2005


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Business

Fry crisis may hit shrimp export
Shrimp export in the coming months may face a major setback as production is set to suffer heavily due to price hike of fry.

Software export lags on connectivity lack
Alcatel's South Asia MD tells The Daily Star
Bangladesh is lagging behind in its preparation to enter the global software market due to lack of its connectivity with the information superhighway, says a top official of French telecoms giant Alcatel.

Brac Bank eyes major stake in remittance business
Installs online system in 300 Brac outlets
Brac Bank Limited hopes to be a major player in remittance business as it has already developed a strong network covering rural areas across the country.

S'pore, India sign historic trade pact
Singapore and India signed a landmark economic pact on Wednesday, setting the stage for the republic's accelerated involvement in the world's second-fastest growing major economy.

GP-GP call tariffs cut to half Fridays in July
All GrameenPhone subscribers will enjoy a 50 percent reduction in airtime tariff on voice calls made to any other GP numbers on every Friday during the month of July.

Pioneer Ins okays 13pc dividend
Pioneer Insurance Company Ltd has declared a 13 percent dividend for its shareholders for the year 2004.

Videocon Group acquires Thomson's CPT business
In yet another Indian firm going global, the Videocon Group has announced acquisition of the international colour picture tube (CPT) business of French electronic giant Thomson at a price of 240 million

Mercantile Ins declares 10pc dividend
Mercantile Insurance Company Ltd has declared a 10 percent dividend for its shareholders.

Canada blasts US, EU farm subsidies ahead of G8
Canadian Prime Minister Paul Martin condemned the European Union and United States Wednesday, ahead of G8 talks next week, for maintaining high agricultural subsidies that make it hard for poor countries

EU starts probe into Chinese, Indian shoe imports
The European Union's executive announced Thursday it was launching an anti-dumping investigation into surging imports of Chinese and Indian work shoes, in the latest trade strain between Brussels andBeijing.

Oil prices edge higher in Asian trade after sharp falls
Oil prices edged higher in Asian trade Thursday following two days of sharp falls that had seen the market pull back from record highs, dealers said.