The Daily Star: Internet Edition Mon. April 03, 2006

Vol. 5 Num 657

Mon. April 03, 2006


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Business

Rupali Bank 'road show' today in Dhaka to woo buyers
3 local firms show interest to buy the state-run bank
Three local companies have expressed interest to purchase Rupali Bank as the Privatisation Commission holds a 'road show' in Dhaka today to woo potential buyers of the bank.

Central bank continues withdrawing money
Call money rate hits 38pc
Bangladesh Bank (BB) continued withdrawing money from the market through reverse Repo (repurchase agreement) as it received Tk 1,271 crore yesterday, although the banks were facing liquidity crisis.

Proposals for Co-op in Joint Ventures
Regional grouping to form expert groups
The Forum for Regional Economic Cooperation among Bangladesh, China, India and Myanmar (BCIM) has decided to form expert groups to draw up its proposals for cooperation in joint ventures based on value

SEC warns five firms
The Securities and Exchange Commission (SEC) yesterday warned five companies for non-compliance of various securities rules, official sources said.

Single country knit expo in Germany in June
A single country exposition of Bangladeshi knitwear products will be held in Germany in June next, aiming at making the knitwear export base in the European country wider.

Five-day fair of cyber services to start April 25
A five-day fair of cyber services will begin on April 25 at Bhashani Novo Theatre in Dhaka.

KL faces tough task to achieve developed status by 2020
Malaysia has a difficult task in achieving its goal of becoming a developed nation by 2020, in the face of a continuing divide between its rich and poor, and inequality between the races, experts say.

WTO powers inch towards trade deal as deadline looms
Leading trading powers said Saturday after talks here that they had inched forward on crafting a WTO deal, but the global body still faces an uphill task to clinch agreement by the end of this month.

DHL expands time definite delivery service
DHL, a world leading express and logistics company, yesterday expanded the geographical reach of its time definite delivery (TDD) service to include Bangladesh.

Entrepreneurs fair starts at NSU
A two-day entrepreneurs fair began in North South University (NSU) premises in Dhaka yesterday.

Scandent Solutions launches SWIFT Service Bureau
Scandent Solutions, a broad-based IT and BPO (business process outsourcing) services company, has commissioned the first-ever 'SWIFT Service Bureau' for the Saarc region with the approval from the board

Pakistan, Lanka trade bodies ink MoU to set up jt business council
Pakistan and Sri Lanka have agreed to set up a Joint Business Council between the Chambers of Commerce and Industry of both the countries.

Fair & Lovely cream safe for use: Unilever
Unilever Bangladesh Limited, the manufacturer of the Fair & Lovely brand skin cream, has said Fair & Lovely does not contain any quantity of hydroquinone or steroids in any form whatsoever and all the

China's GDP growth to lose marginal momentum in 2006
China's economy will lose momentum marginally, with the gross domestic product (GDP) projected to grow at a rate of about 8 percent in 2006, according to the Economic and Social Commission for Asia and