The Daily Star: Internet Edition Sat. June 03, 2006

Vol. 5 Num 716

Sat. June 03, 2006


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Business

Surcharge on Containers from June 5
Feeder operators likely to inform CPA of decision today
Feeder vessel operators are likely to inform the Chittagong Port Authority (CPA) today whether they will impose surcharge on the port-bound containers from June 5 (Monday) or postpone the decision.

Dearth of air cargo facilities stymies vegetable exports
Export of vegetables and fruits is not growing due to inadequate air cargo facilities, exporters said.

EU duties on Vietnamese shoes hurt 1m workers
Says aid group
EU anti-dumping duties on Vietnamese-made footwear impact nearly one million people in the developing country, many of whom live on around one dollar a day, an anti-poverty group said Friday.

Pakistan to tackle poverty with development budget
Pakistan will spend a record 415 billion rupees (6.92 billion dollars) on development this year to fight poverty and maintain a growth rate of more than six percent, officials said.

Oil firms towards $71
Oil rose towards $71 on Friday, halting a two-day slide, as hiccups at two Texas refineries refocused attention to gasoline supplies in the United States, which rose less than forecast last week.

Indian markets recover 3.7pc on strong global trends
Indian share prices rose 3.7 percent Friday, snapping three days of losses, led by firmer global market trends and investor buying at lower levels, dealers said.

Eastern Bank launches SME banking
Eastern Bank Ltd (EBL) launched small and medium enterprises (SME) banking on Thursday. The bank has categorised the SME loan into two products--'Asha' and 'Puji', says a press release.

Nissan, Suzuki to expand cooperation
Nissan will supply pickup trucks for Suzuki to sell in North America in an expansion of the Japanese automakers' business cooperation that includes mutually supplying vehicles and sharing plants, both

DaimlerChrysler to boost parts purchases in China
DaimlerChrysler AG (DCXGn.DE) plans to boost its purchases of China-made auto parts eightfold by 2008, the carmaker said on Friday, joining the rush for low-cost local content in the fast-growing Chinese market.

Malaysian trade team due today
A high-profile Malaysian trade delegation arrives here today with significant investment proposals in port, infrastructure and chemical fertilizer.

Raising interest rates an option Says China
China will look to upcoming economic data before deciding on further economic cooling measures such as an interest rate hike or an increase in bank reserve ratios, a report said Friday.

HeidelbergCement declares 18pc dividend
HeidelbergCement Bangladesh Ltd has declared an 18 per cent dividend (eight per cent cash and 10 per cent stock) for the year 2005.

Glaxo to bid for Pfizer unit
GlaxoSmithKline Plc is to bid more than $15 billion for the consumer healthcare business of U.S. rival Pfizer Inc, people familiar with the situation said on Friday.

Apec to seek progress in stalled global trade talks
Asia-Pacific countries were due to make an urgent call Friday for progress in deadlocked talks aiming for a deal this year to free up global trade, with a deadline fast approaching.

High fuel prices hit US automakers
The Big Three US automakers' reliance on trucks and sport utility vehicles (SUVs) to drive profits hit another pothole in May as consumers switched to more fuel-efficient passenger cars and cross-utility

6th raffle draw of 'Coca-Cola Fun Island' programme held
The sixth raffle draw of 'Coca-Cola Fun Island' under the 'Crown Program 2006' was held recently in Dhaka under the aegis of Bangladesh Muktijoddha Kalyan Trust.

Weekly Currency Roundup
May 28-June 01, 2006
Local FX Market
Demand for US dollar was stable in this week and USD rose slightly against Bangladeshi taka.