The Daily Star: Internet Edition Fri. December 01, 2006

Vol. 5 Num 893

Fri. December 01, 2006


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Business

BKMEA seeks release of cash incentives to pay workers' wages
Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) yesterday urged the government to release major portion of the Tk 500 crore cash incentives to the sector.

35 listed firms yet to declare AGM dates
Thirty-five listed companies out of 115 companies, whose financial year ended in June, are yet to declare the dates of annual general meetings (AGMs).

Ctg port witnesses busy day
With the gantry cranes resuming operations, Chittagong Port witnessed brisk activities of container handling yesterday.

DSE elected vice chairman of SAFE
Dhaka Stock Exchange (DSE) has been elected vice chairman of SAFE (South Asian Federation of Exchanges), a regional federation of stock exchanges of South Asia. Bombay Stock Exchange has been electedchairman.

Int'l medical expo now from March 22
The fourth International Medical Equipment and Healthcare Services Exposition, MEDEXPO 2006, will now be held at Dhaka Sheraton Hotel from March 22 to 24, says a press release.

Eastern Bank arranges Tk240cr for Samuda Chemical Complex
Eastern Bank Ltd along with 9 local and two foreign banks has arranged a total Tk240 crore for Samuda Chemical Complex Ltd to set up a plant at Gazaria in Munshiganj.

Novartis wins Scrip awards
Pharmaceutical giant Novartis has won two awards of Scrip magazine, a respected source of news and information in the pharmaceutical industry, says a press release.

New vice chairman of ICC
Victor K. Fung was elected vice-chairman of International Chamber of Commerce (ICC) yesterday for a two-year term beginning January 1, 2007, says a press release.

Indian economy grows faster than expected
India's economy grew a faster-than-expected 9.2 percent in the second quarter to September, official data showed Thursday, prompting concerns that overheating will require higher interest rates.

Indian left parties oppose tie-up of Bharti, Wal-Mart
A day after leading Indian conglomerate Bharti Enterprises announced a joint venture with US retail giant Wal-Mart in India, the Left parties, which provide crucial outside support to the government of

Sri Lanka inflation hits 10-year high
Sri Lanka's annual inflation rate struck 19.8 percent in November, the highest in a decade, official figures showed Thursday.

Oil rises to 2-month high
Oil climbed to a two-month high near $63 on Thursday, building on the previous session's gains after an unexpected drop in US winter fuel stocks and signs of solid economic growth in the world's top consumer.

SAFE initiates introducing regional index
SAFE (South Asian Federation of Exchanges), a regional federation of stock exchanges of South Asia, has initiated to introduce regional indices, says a press release.

Angola wants to join Opec
Angola, sub-Saharan Africa's number two oil producer, is trying to join the Organisation of Petroleum Exporting Countries (Opec) cartel, the government said Thursday.