The Daily Star: Internet Edition Sun. December 04, 2005

Vol. 5 Num 541

Sun. December 04, 2005


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Business

WB asks govt to speed up NCB reforms
Suggests suspension of Rupali Bank share trading
The World Bank (WB) has asked the government to implement a 10-point action plan, which includes suspension of Rupali Bank's share trading, to expedite the reforms of nationalised commercial banks (NCBs).

Offload stakes in MNCs
Speakers urge govt at CSE's 10th anniversary function
Speakers at a function have urged the government to offload its stakes in the multinational companies to boost the capital market.

Capital market: Need for a roadmap
Sometimes changes take place inevitably, whether they are sought or not. The capital market of Bangladesh is changing without much uproar.

Non-tariff barriers hold back export to EU
EPB vice chairman says
Imposition of various non-tariff barriers by many European countries is making export from Bangladesh to Europe tough, said Mir Sahabuddin Mohammad, vice chairman of Export Promotion Bureau (EPB), yesterday.

Free market access for LDCs sought
The two-day "People's Solidarity Forum for Fair Trade" yesterday adopted the Dhaka Declaration 2005 demanding duty and quota free market access for the least developed countries (LDCs) to the developed

Asia's economic growth sustainable in 2006: WB
Asia's strong economic growth will be sustainable next year despite rising inflation and tighter monetary policies, a World Bank manager said Thursday but falling real incomes are a major worry.

Supply chain solution firm Panalpina's chief delegate in Bangladesh
Panalpina, the world's leading supply chain solution company with presence in six continents, has reaffirmed its commitment to Bangladesh market by appointing Alfred Prescher as its chief delegate.

G7 to urge China to go further with yuan revaluation
The Group of Seven economic powers would appeal for China to go further with its yuan revaluation policy, a European source told AFP.

Dhaka machinery exhibition in Feb
A four-day machinery exposition will begin at Bangladesh-China Friendship Conference Centre in Dhaka on February 16 next year.

Japan business lobby to recommend wage increases
Japan's top business lobby plans to encourage firms to offer workers better contract terms, including wage increases, in annual labor negotiations, a business daily reported Saturday.

US, Taiwan to resume talks for trade pact
The United States and Taiwan are to resume negotiations early next year for a Trade and Investment Framework Agreement (TIFA) that could set the state for a free trade pact, an official said Friday.

Greenspan honoured at G7 gathering
Alan Greenspan can now herd sheep over London Bridge after being rewarded with the Freedom of the City of London Friday for his 18-year tenure at the helm of the world's most powerful financial institution.

Chances dwindling for WTO agreement by late 2006
Chances are dwindling for negotiators to reach a new world trade agreement by the end of 2006, increasing the possibility the Bush administration will have to seek renewal of its trade negotiating authority

Big Qantas deal looms as Boeing, Airbus sales up
Already well over $100 billion and still growing, Boeing and Airbus have had a record year in plane orders and are set for a final boost from Australia's Qantas and rivals in Asia.

Gold strikes 500 dollars
Gold prices hit a near 23-year high point above 506 dollars this week on strong buying by investment funds, looking for safe-havens amid higher inflation and weaker oil prices.

AB Bank okays 5pc stock dividend
Arab Bangladesh Bank Ltd has declared a five percent stock dividend for its shareholders for the year 2004.