The Daily Star: Internet Edition Tue. November 01, 2005

Vol. 5 Num 511

Tue. November 01, 2005


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Business

83 listed cos fail to get financial statements audited as deadline ends
A total of 83 listed companies failed to get their financial statements audited as deadline ended yesterday.

Govt mulls alternative to cash incentive for exporters
As an alternative to cash incentive, the government may offer utility services subsidy to export-oriented industries, said the commerce secretary yesterday.

China sees export slowing
China's trade surplus is on track to almost triple this year to around $90 billion, but export growth will lose steam next year amid rising trade tensions, the government said.

Oil dips under $61
Oil fell below $61 a barrel on Monday but was mired in its recent range, with traders torn between the looming spike in winter fuel demand and the potential for high energy costs to curb consumption.

Thailand's current account surges
Thailand's current account surplus surged in September on robust exports of computers and auto mobile parts to Asean nations and the United States, the Bank of Thailand said on Monday.

Citigroup named Best Global Bank for Cash Management
Citigroup has been named the "Best Global Bank for Cash Management" in the 2005 cash management survey conducted by Euromoney, says a press release.

Oxfam not involved in labour unrest: BGMEA
Bangladesh Garment Manu-facturers and Exporters Association (BGMEA) in a statement yesterday said international NGO Oxfam is not involved in instigating labour unrest in the garment sector of Bangladesh.

FBCCI, Georgian chamber sign MoU
Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) and Georgian Chamber of Commerce and Industry (GCCI) have signed a memorandum of understanding (MoU) to facilitate business and investment

Novartis succeeds with bid for Chiron
Drug maker Novartis has agreed to buy the remaining stake in US vaccine maker Chiron Corp for $5.1 billion, or $600 million more than an original bid which was deemed inadequate.

Bank holiday Nov 1, 3, 4, 5
Bangladesh Bank and all scheduled banks will remain closed on November 1 on the occasion of Shab-e-Qadr and on November 3, 4 and 5 on the occasion of Eid-ul-Fitr, said a BB statement.

Job fair on Nov 18-19
Inpace Management Services Ltd will organise a job fair on November 18-19 at the Bangladesh-China Friendship Conference Centre in Dhaka, says a press release.

EU farm tariff offer has merit, says world trade chief
The head of the World Trade Organisation (WTO) on Sunday backed the European Union's latest concession on agricultural tariffs, saying it was worthy of serious debate.

Northern General Ins okays 10pc dividend
Northern General Insurance Company Ltd has declared a 10 percent dividend for its shareholders for the year 2004.

Bank of Japan upbeat on economy
The Bank of Japan said Monday that it expects the world's number two economy to break decisively out of deflation by next year as it upgraded its forecasts to show 1.