The Daily Star: Internet Edition Thu. November 03, 2005

Vol. 5 Num 513

Thu. November 03, 2005


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Business

Call money rate jumps to 26pc ahead of Eid
Scramble for last-minute cash withdrawal yesterday ahead of Eid-ul-Fitr pushed call money rate to 26 percent.

Report on Safta to be placed at Saarc summit
The committee of experts (CoE) on South Asian Free Trade Agreement (Safta) is likely to submit a report at the 13th Saarc summit on the progress in negotiations made in its last 11 meetings.

US, China inching closer to textile deal
Portman says
US and Chinese negotiators are "inching closer" to an agreement that would rein in China's booming textile and clothing exports to the United States, a top US trade official said on Tuesday.

Japan, Australia begin study on free trade pact
Japan and Australia on Wednesday held a new meeting to study a free trade pact or other economic deals following an agreement between the two countries' premiers.

Fed raises US rates
The Federal Reserve raised US interest rates on Tuesday for the 12th straight time, taking them to the highest level in more than four years and indicating more hikes will be needed to keep inflationat

Dhaka signs Asia-Pacific trade deal
The Asia-Pacific Trade Agreement (Apta) was signed in Beijing yesterday to facilitate closer business ties and investment among member states.

Import clearance, export work at Ctg customs to remain open Nov 3, 5
Import clearance and export activities at Chittagong Customs House will remain open on Thursday (Nov. 3) and (Saturday) Nov. 5 under special arrangement during the Eid-ul-Fitr holidays, according to BGMEA.

IT job fair to be held during Basis Softexpo
An IT job fair will take place during the five-day 'Basis Softexpo 2005' scheduled for November 27 in Dhaka.

Siemens wins 3G/W-CDMA contract from Tele2 in Latvia
Latvia's major telecommunications provider, Tele2 SIA, a subsidiary of Swedish-based Tele2 AB, has contracted with Siemens to expand its GSM network and build a complete 3G/W-CDMA network infrastructure,

Shamima to attend UN Year of Microcredit closing session
Shamima Khatun, one of the four winners of the Global Microentrepreneurship Awards (GMA) organised by Citigroup Foundation, and United Nations Capital Development Fund (UNCDF), leaves for New York onNovember

Bank holiday on Nov 7
Bangladesh Bank and all scheduled banks will remain closed on Nov 7 (Monday) on account of National Revolution and Solidarity Day, said a central bank press release.

India's airfares fall
India is one of the few countries in the Asia Pacific region where airfares became cheaper in the last quarter despite continued escalation of oil prices, according to the American Express Airfare Index,

Mazda posts record profit
Japan's fifth largest automaker Mazda Motor said Wednesday its net profit soared 66 percent to a record in the six months to September, driven by increased vehicle sales in China and Japan.