The Daily Star: Internet Edition Sat. February 03, 2007

Vol. 5 Num 952

Sat. February 03, 2007


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Business

Labour Unrest In Industries
Govt mulls forming dispute settlement board
Government is mulling formation of a board for dispute settlement (DSB) involving mainly private entrepreneurs to tackle labour unrest and other conflicting issues in export-oriented industries.

Weekly Roundup
Shares traded in downbeat mood
Brac Bank pulled up indices
Although the Dhaka Stock Exchange (DSE) finished with the benchmark index gaining moderately, most of the shares were traded last week in downbeat mood.

Swiss urged to relocate textile machinery plants to Bangladesh
Swiss textile machinery manufacturers were urged to relocate their plants to Bangladesh to reduce the production costs of textile machinery, which, the local businesses consider, would benefit both the

India to invest in Myanmar port
New Delhi will invest 130 million dollars to develop Myanmar's Sittwe port that will give India's landlocked northeast access to a new trade route to South East Asia, an Indian official said Friday.

US Senate votes first hike in minimum wage in a decade
The US Senate has voted overwhelmingly to raise the federal minimum wage for the first time in nearly a decade, a major promise of new Democratic congressional leaders.

Gas producers' Opec an 'interesting idea': Putin
Russian President Vladimir Putin said Thursday that forming a natural gas equivalent of the oil producers' cartel Opec with Iran and possibly other countries was "an interesting idea.

Import spending up 22pc in Jul-Dec
Import spending increased 22 percent to US$ 8.

Rapid globalisation risks deepening poverty: UN
The unchecked growth of the global economy and its devastating effect on the world's finite natural resources could lead to crippling poverty and cross-border spats over scarce raw materials, the United

Malaysia may halt US trade talks over Iran criticism
Malaysia said Friday it was ready to suspend free-trade talks with the United States after criticism over an energy deal with Iran, and warned it would not be "held hostage" to political demands.

Oil firmer in Asia
Oil prices were firmer in Asian trade Friday as Opec's planned February production cut took effect and the market focused on the cold winter weather in the United States, dealers said.

British Airways sees profits fall
British Airways said Friday that third-quarter net profits sank 12.0 percent and revealed it would lose 80 million pounds (121 million euros, 157 million dollars) from this week's aborted cabin crew strike.

BGMEA for Sunday as holiday
Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has urged the caretaker government to fix Sunday as the weekly holiday.

Etihad Airways to start flights to Australia
Etihad Airways, the national airline of the United Arab Emirates, will begin non-stop flights from Abu Dhabi to Sydney, Australia on March 26, 2007, says a press release.

China banks regain green light for financial leasing business
China will allow commercial banks to again carry out financial leasing, a business they were required to withdraw from in 1997, state media reported Friday, citing the industry regulator.

Swiss watch exports hit record in '06
Swiss watch exports grew by over 10 percent to a record 13.7 billion Swiss francs (11.0 billion dollars, 8.

Weekly Currency Roundup
January 28-February 01, 2007
Local FX Market
US dollar eased in the last week on back of comfortable supply.