The Daily Star: Internet Edition Sat. September 02, 2006

Vol. 5 Num 807

Sat. September 02, 2006


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Business

Govt mulls action against errant insurance firms
The government mulls stringent measures against some insurance companies, which have failed to comply with corporate rules.

3-day Batexpo to begin Sept 21
A three-day exposition of Bangladesh apparel and textile products will begin in the capital on September 21 with the organisers expecting substantial numbers of foreign buyers and representatives of leading

IMF calls for more forceful reform measures on yuan
Beijing should take more forceful measures to allow greater flexibility in the value of the yuan and its forex regime, a move which would benefit both China and the world, the International Monetary Fund

Steady flow of foreign capital into Asean
Discard the perception that all of Asia is losing foreign investments to China.

India sustains $1.2b trade deficit in 7 months
India sustained a trade deficit of 1.2 billion US dollars during the first seven months of the year while the bilateral trade volume has touched 13.

Vietnam protests proposed EU anti-dumping duties on shoes
Vietnam rejected again Friday a European Commission (EC) proposal to levy 10 percent anti-dumping duties on imports of Vietnamese shoes, reducing current emergency levies.

Tata plans to enter Russian market with diverse products
As part of its global growth strategy, India's largest automaker Tata Motors are planning to enter the Russian market with diverse range of its products.

Bangladesh trade show in Siliguri from today
Bangladesh's first trade fair in India's tourist-town Siliguri gets off to a festive start today to showcase a wide range of products, including the country's famous hilsa fish.

Mahbub Jamil vice president of Singer Corp
Mahbub Jamil has become vice president of Singer Corporation, says a press release.
Stephen H Goodman, chairman, president and CEO, has made this announcement from New York.

UAE to host major oil confce in Nov
More than 1,000 major oil and gas companies from some 50 countries will take part in an international energy exhibition in Abu Dhabi in November, the official WAM news agency said Friday.

Keari Tours launches yacht service in Rangamati
Keari Tours and Services, a sister concern of Keari Limited, on Thursday launched a yacht service in Rangamati in a bid to promote tourism in the hill district.

IMF agrees to give bigger say to developing countries
IMF directors have agreed to overhaul the institution to give more influence to developing countries including China, reflecting the shifting balance of power in the global economy.

Global economy needs boost: UN
Japan and Germany are failing to stimulate the world economy, leaving the United States with the difficult burden of generating enough demand for goods and services to sustain growth around the world,

Islami Bank declares 25pc stock dividend
Islami Bank Bangladesh Ltd has declared a 25 per cent stock dividend for its shareholders for the year 2005.

Weekly Currency Roundup
August 27-August 31, 2006
Local FX Market
Demand for US dollar was stable in throughout the week and USD fell slightly against Bangladeshi taka.