The Daily Star: Internet Edition Fri. June 02, 2006

Vol. 5 Num 715

Fri. June 02, 2006


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Business

Violence in garment units erodes country's image
Says US envoy
US Ambassador in Dhaka Patricia A Butenis yesterday said violence in readymade garment (RMG) industry impinges on the international reputation of Bangladesh as a safe place for investment and a reliable

Asean logistics market set to expand in next 5 years
The Asean (Association of South East Asian Nations) logistics market is poised to expand at a double-digit growth in the next five years due to increasing trade and movement of goods across borders.

Govt asked to compensate affected RMG units, workers
A parliamentary body has asked the government to take necessary steps for paying compensation to the damaged readymade garment (RMG) factories and affected workers following the recent violence in the

Dubai firm in $18b Pak property deal
Dubai real estate company Emaar Properties said Wednesday it had signed a memorandum of understanding with Pakistan for a deal worth 18 billion dollars to build a major leisure and commercial development.

China, Arab countries target energy sector
China and the Arab world will target the energy sector as they seek to double their trade volumes over the next few years, the two sides said as they wrapped up a ministerial forum here Thursday.

New president of Gazipur Chamber
Golam Dastagir Gazi (Bir Pratik), proprietor of Gazi Tank and Gazi Group, has been reelected president of Gazipur Chamber of Commerce & Industry, says a press release.

Premier Leasing Int'l declares 15pc dividend
Premier Leasing International Ltd has declared a 15 per cent dividend (five per cent cash and 10 per cent stock) for its shareholders for the year 2005.

Opec meets as Iran tensions lessen
The Opec cartel looked set at talks Thursday to keep pumping crude at 25-year-high levels, recognising that any cut now would drive oil prices to new highs and risk choking off world growth.

Indian minister believes WTO accord possible
Indian Trade Minister Kamal Nath believes a WTO deal can be reached this year despite repeated setbacks and obstacles that pit the needs of developing countries against those of industrialized nations.

US urges China to widen market access
China must do more to protect intellectual property rights and level the playing field for American companies in its domestic market, a senior US trade official said Thursday.

ROK inflation rises 2.4pc in May
South Korea's inflation rate struck 2.4 per cent year-on-year in May as higher oil prices and a rise in service fees offset a drop in agricultural prices, the National Statistical Office said Thursday.

Thai inflation hits 6.2pc in May on high oil prices
Thailand's inflation rate struck a seven-month high of 6.2 per cent in May amid soaring oil prices, which sharply raised costs of energy and public transportation, the government said Thursday.

Boeing to invest $27b in Russia over next 30 years
US aviation giant Boeing plans to invest 27 billion dollars (21 billion euros) in Russia over the next 30 years, its representative for Russia and the former Soviet republics said Wednesday.