The Daily Star: Internet Edition Thu. August 04, 2005

Vol. 5 Num 423

Thu. August 04, 2005


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Business

Strong political will key to boosting trade in Saarc bloc
Saceps-CPD seminar observes
A strong political will is key to expediting the process of regional cooperation for boosting trade and commerce in the Saarc bloc, speakers, mostly civil society members from the region, told a seminar

FBCCI Election
Arbitration board to hear appeal today
HC full bench hearing on candidates' list Aug 6
The FBCCI arbitration board today will hear an appeal seeking permission to submit nomination for the biennial election of the apex trade body.

Govt to form body to ensure eco compliance in RMG sector
The government yesterday decided to form a national committee to ensure environment compliance in textile and garment factories.

Indian allegation of non-payment of import bills proves hollow
Indian allegation of non-payment of import bills by Bangladeshi commercial banks appears hollow as the complainants regretted their irrational complaints after checking with the bankers.

HSBC comes up with new products
HSBC Bangladesh has recently introduced 'My Future' scheme to cater to the needs of local consumers.

Oil back above $62 in Asian trade
Oil prices climbed back to near record highs above 62 dollars in Asian trade Wednesday ahead of US inventory data expected to show lower crude and gasoline stocks, dealers said.

India's financial hub back on track
India's rain-drenched city of Mumbai, where almost 1,000 people lost their lives in a week-long deluge, surged back to life Wednesday but aid workers still battling to get relief to battered areas warned

India may hike prices of octane, diesel
Indian Petroleum Minister Mani Shankar Aiyar has made a strong case for raising prices of octane and diesel to help four major oil companies partially offset their cumulative cash losses estimated atRs

New DMDs of Janata Bank
Md Nazmus Salehin and Md Mizanur Rahman have recently joined Janata Bank as the deputy managing directors.
Salehin started his career in Sonali Bank in 1979.

Adidas buys Reebok for $3.8b
German sporting goods maker Adidas-Salomon is buying US rival Reebok in a 3.1 billion euro ($3.8 billion) deal to expand its reach in Nike's home market.
Shares in Reebok surged 32 percent to $58.

Indian sugar traders eye huge exports to Pakistan
Welcoming Pakistan's decision to lift a four-year ban on import of sugar from India, the Indian sugar traders are making preparation for a large scale exports to the neighbouring country.

China protests US proposal for more limits on its textiles
China protested Wednesday a US proposal to impose restrictions on the imports of five additional categories of Chinese textiles, complaining that it went against free trade principles.

Singapore, South Korea to sign free trade pact
The trade ministers of Singapore and South Korea will sign a bilateral free trade agreement (FTA) on Thursday in Seoul, Singapore's trade ministry announced Wednesday.