The Daily Star: Internet Edition Thu. March 01, 2007

Vol. 5 Num 978

Thu. March 01, 2007


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Business

SEC body for merger rules for Z category firms
An advisory committee of the Securities and Exchange Commission (SEC) yesterday recommended for formulating rules for merger of the similar companies presently listed with the stock exchanges under Zcategory.

Bangladesh holds capacity to find its development path
Says World Bank
World Bank Country Director Zhu Xian has assured Bangladesh of providing financial support, expertise and analyses to support the country's development in a rapid and inclusive manner.

Adapt with rules of cross border transactions
ICC-B urges central bank
International Chamber of Commerce (ICC)-Bangladesh yesterday urged the central bank to adapt with the rules of cross border business transactions in tandem with the developed countries.

Day care centres to up female workers' skills, boost economy
Suggests workshop
Both the business leaders and rights bodies at a workshop in Dhaka yesterday suggested that setting up of day care centres in workplaces would enhance efficiencies of the female workers.

Reforms in L/C rules soon
Adviser assures RMG buying houses
Government will shortly constitute a committee that will review the existing rules on opening letters of credit (L/C) and recommend necessary reforms in them, Finance and Planning Adviser Mirza Azizul

Banking Reforms
Experts for training of board members
Speakers at a roundtable emphasised the need for corporate governance reforms in the baking sector and called for introduction of mandatory training for the board members.

Businesses for self-correction
Businesses here yesterday called for self-correction.

Nokia to set up 22 customer care centres by June
Mobile handset producer Nokia is going to set up 22 more customer care centres across the country by June to offer better services to its customers.

Buet team wins djuice project contest
Labdhi, a team of Bangladesh University of Engineering and Technology (Buet) won the championship of the youth talent hunt programme, D Youth, arranged by djuice, the youth brand of Grameenphone.

India steps up war on poverty as unveils budget
India stepped up its war on poverty in a budget on Wednesday that used revenues from robust economic growth to boost farm output and raise spending on education and health.

Oil prices slump
Oil prices plunged in Asian trade Wednesday in reaction to steep falls in the Chinese stock market Tuesday and declines in bourses worldwide, said traders.

Emirates to incorporate fuel surcharge into fares
Emirates Airline has announced its plans to incorporate fuel surcharges into the published fares for all tickets sold in Bangladesh with effect from 1st March, says a press release.

New MD of Dhaka Ins
KAM Ferdous has recently joined Dhaka Insurance Ltd (formerly The Loyeds Insurance Company Limited) as its managing director.

Currency