The Daily Star: Internet Edition Thu. August 03, 2006

Vol. 5 Num 777

Thu. August 03, 2006


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24 out of 44 Bangladesh missions abroad fall short of export targets
$4179.61m fetched in Jul-Mar in FY06
More than half of Bangladesh missions abroad failed to achieve their respective export targets for 11 months of the fiscal 2005-06.

Minister frustrates over less fund for rural ICT centres
The science and ICT minister has voiced his frustration as ICT centres for the disadvantaged population are yet to be set up in the country's rural areas due mainly to inadequate fund allocation.

ICB AMCL dividends on mutual, unit funds okayed
ICB Asset Management Company Ltd (AMCL), a subsidiary of Investment Corporation of Bangladesh (ICB), has declared dividends on its two mutual funds and two unit funds for the financial year 2005-2006.

Women entrepreneurs need incentives
Workshop told
As women entrepreneurs in the country are lagging behind in export sector, congenial environment and adequate incentives should be ensured for them to augment their performance in the sector, speakers

Int'l medical expo begins in Ctg today
With a view to introducing modern healthcare facilities to people, a three-day Chittagong International Medical Exhibition begins today.

Mahathir wants ban on dollar
Malaysia's former premier Mahathir Mohamad has called on the world to ban transactions in US dollars and British pounds as a way to stop Israel's military campaign in the Middle East.

SingTel's mobile subscriber base tops 92 million
Strong growth in India and Indonesia helped push Singapore Telecommunications' regional mobile phone user base above 92 million at the end of June, Southeast Asia's biggest phone company said Wednesday.

Australia eyes FTA talks with Japan
Australia hopes to start negotiations next year on a free trade agreement (FTA) with its largest market Japan, Foreign Minister Alexander Downer was quoted as saying Wednesday.

Ceiling on Cash sales in Zimbabwean shops
Zimbabwe's central bank has barred shops from receiving cash payments for goods worth over 400 US dollars as it battles an inflation rate of nearly 1,200 percent, a state daily said Wednesday.

Russian region seeks Chinese farmers to fill workforce gap
The central Russian region of Sverdlovsk is seeking to overcome its lack of agricultural workers by employing farmers from northern China to fill the gap, a local official said Wednesday.

Oil prices jump above $75
Oil prices jumped back above 75 dollars in Asian trade Wednesday as hopes for a quick ceasefire in Lebanon faded while concerns grew at the approach of a tropical storm in the United States, dealers said.

Australia to host confce to salvage Doha trade talks
The world's largest trading powers will meet in Australia next month in a bid to salvage failed global free trade talks, the government said Wednesday.

Southeast Asia key to Japanese automakers' strategy
In an effort to capitalise on improved quality at production plants overseas, Japan's major automakers have started to attach greater importance to the opportunities offered by South-East Asia.

Janata Ins chairman re-elected
Abdul Gaffar Chowdhury has been re-elected chairman of Janata Insurance Company Ltd, says a press release.

Arcelor, Mittal report profits drag but see shining future
Mittal Steel and Arcelor reported flat to weak interim profits on Wednesday but were robustly optimistic about their controversial merger creating by far the biggest steel producer in the world.

$350m ADB loan for Indonesia gas project
The Asian Development Bank (ADB) announced Wednesday it had signed a 350 million-dollar private sector loan to help develop a natural gas project in Indonesia.