Vol. 5 Num 484 Wed. October 05, 2005    
 
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Business
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WB, IMF reform recipe sometimes contradicts WTO rules
International civil society forum says
Speakers at the international civil society forum in Dhaka yesterday observed reforms recommended by the World Bank (WB) and the IMF sometimes contradict WTO regulations.
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GP cuts tariffs up to 60pc
GrameenPhone Ltd, the leading mobile phone operator, has reduced its existing tariffs ranging from 20 percent to 60 percent effective from tomorrow.
 
Saifur targets services sector to raise tax
Finance and Planning Minister M Saifur Rahman yesterday asked the revenue officials to bring more service-oriented firms under the tax net and enhance local collection of value added tax (VAT) to achieve
 
Allow yarn import thru' land ports
BKMEA urges govt
Bangladesh Knitwear Manufa-cturers and Exporters Association (BKMEA) has again sought government permission to import yarn through land ports to meet the increased demand.
 
Diversified goods can up Bangladesh's exports to Canada
Canadian envoy says
Diversification of Bangladesh's export basket can help augment export volume to Canada, which virtually lifted all quotas for LDC products and liberalise the rules of origin, Canadian envoy in Dhaka said
 
Q1 remittance up 29pc
The remittance inflow in the first quarter of the current fiscal year increased by 29 percent, but the continuous rise in import is not letting the foreign exchange reserve grow healthier.
 
Summit Power IPO lottery held
Summit Power Limited (SPL) held lottery for allotment of shares under initial public offering (IPO) in Dhaka on Monday.
 
Govt now won't offload shares of Atlas, Eastern Cables, Osmani Glass
The government now has decided not to offload majority shares of Atlas, Eastern Cables and Osmani Glass Factory, said industries minister yesterday.
 
India's cotton export to rise on output, prices
India, the world's third largest cotton producer, is expected to nearly double its exports in the year to September 2006 because of a record crop and lower prices, traders said Tuesday.
 
US panel votes to curb import of China steel pipe
A rapid increase in steel pipe imports from China threatens the financial health of American pipe producers, a US trade panel said Monday, setting the stage for President George W Bush to decide in coming
 
Asia treads unevenpath to higher interest rates
Soaring oil and commodity prices are forcing most Asian central banks to raise interest rates, reining in months of expansionary monetary policy.
 
India, Pakistan revive key economic body after 16 yrs
Pakistan and India on Tuesday held a meeting of a joint economic body for the first time in 16 years, marking a further thaw between the South Asian rivals.
 
Holcim celebrates 5th anniversary
Holcim, a cement company, recently organised plantation and cleaning programme at the company's Meghnaghat plat in Narayanganj to mark its 5 years of operations in Bangladesh.
 

 
   
 
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