The Daily Star: Internet Edition Mon. July 04, 2005

Vol. 5 Num 392

Mon. July 04, 2005


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Business

Rains disrupt business
Quorum crisis halts DSE trading
Heavy overnight rains that submerged many parts of the capital, including Motijheel business hub, disrupted business and economic activities yesterday with banks reporting a decline in transactions by

Saudi Firm's Purchase Proposal
Body formed to assess value of Sonargaon Hotel
The government has formed a three-member committee to assess the value of the state-owned Pan Pacific Sonargoan Hotel, official sources said yesterday.

China Shipping moves hub to Malaysian port
Container shipping giant China Shipping Group has moved its regional headquarters to Malaysia from Singapore on expectations of increased activity from Port Klang, a senior official said Sunday.

Bush near big trade win as Senate clears Cafta
President George W Bush is on the verge of a major victory in his free-trade agenda following Senate passage of a controversial trade pact with Central America and the Dominican Republic.

Citibank NA raises forex buying rate
In line with the government's strive to provide incentive for the exporters and foreign currency wage earners, Citibank NA Bangladesh has decided to increase its foreign currency buying rate with effect

Emirates SkyCargo voted IFW's carrier of the year
For the second successive year, UK-based International Freighting Weekly (IFW) magazine has elected Emirates SkyCargo for its Air Cargo Carrier of the Year Award.