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

Vol. 5 Num 746

Mon. July 03, 2006


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Business

BB mops up Tk13,597cr in 6 days to curb inflation
Govt borrowings cross target before end of FY06
The central bank has withdrawn Tk 13,597 crore in just six days through reverse repo instrument to minimise inflationary pressure stemming from high government borrowing.

Dhaka should prepare to grow with China, India economies
HSBC CEO tells The Daily Star
Bangladesh can avail of a tremendous opportunity of economic growth by taking advantages of the rising demand for products and services the Chinese and Indian economies have created, said Michael RP Smith,

Duty-free Treatment in US Under GSP
Certain imports from developing nations lose eligibility
The United States has decided that certain imports from selected developing countries should no longer be eligible for duty-free treatment under the Generalised System of Preferences (GSP).

SME sector needs proper action plan
Seminar told
Small and Medium Enterprises (SMEs) can emerge as the main focal point of the national economy if proper action plan for development of the promising sector is taken up, experts observed at an international

WTO Geneva Negotiations
India hopes for new moves to break deadlock
India's trade minister said Sunday he hoped for new talks by the end of July to break an impasse in World Trade Organisation negotiations, which collapsed in Geneva on the weekend.

Australia blames lack of flexibility for failure
Australia Sunday blamed a lack of flexibility by major trading nations for the failure to make progress in the latest World Trade Organisation talks aimed at liberalising global commerce.

Bangladesh to take part in 14 int'l trade fairs
Bangladesh will participate in 14 international and single-country trade fairs in different countries in the first six months of 2007 as part of a drive to expand export markets.

S’pore seeks air liberalisation
Singapore is seeking to further liberalise air services with its neighbours including China and India to maintain the city-state's Changi Airport as a regional aviation hub, former prime minister LeeKuan

Pragati Ins declares 30pc dividend
Pragati Insurance Ltd has declared a 15 per cent cash dividend and a 15 per cent stock dividend for the year 2005.

Etihad to up Dhaka-Abu Dhabi flights to five per week
Etihad Airways, the national flag carrier of the United Arab Emirates, will increase its flight frequency on Dhaka-Abu Dhabi route to five days a week from the existing four from July 9.

Microentrepreneurship
Citigroup awards nomination closes July 7
The last date of receiving nominations for 'Citigroup Microentrepreneurship Awards' is July 7, 2006, says a press release.

Lack of progress in talks makes WTO negotiators' task ever harder
Trading nations made no progress in WTO talks, which had been billed as a way to revive the stalled Doha Round negotiations on harnessing freer global commerce to boost growth in poor countries.

US, Canada ink deal to end timber row
The US and Canadian trade chiefs on Saturday inked a deal ending a longstanding $4.5 billion trade row over softwood lumber tariffs.

Ibn Sina Pharma approves 21pc dividend
The Ibn Sina Pharmaceutical Industry Ltd has approved a 21 per cent dividend for the year 2005.

Fidelity Assets & Securities okays 10pc stock dividend
Fidelity Assets & Securities Company Ltd, a non-banking financial institution, has declared a 10 per cent stock dividend for the year 2005.