The Daily Star: Internet Edition Tue. April 03, 2007

Vol. 5 Num 1009

Tue. April 03, 2007


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Business

Reduction in Revenue, Foreign Aid
Govt's domestic borrowing up 130pc in seven months
The government's domestic borrowing increased by 130 percent during the first seven months of the current fiscal year due to reduction in revenue and foreign aid.

Billionaire Saudi prince looks to Asia
The United States remains obsessed with the September 11, 2001 attacks on its soil and is unlikely to allow Arab investment into sensitive areas, Saudi Arabian Prince Alwaleed bin Talal said in a report

China, US head for fresh trade row
China appears headed for a fresh trade spat with the United States, denouncing new US pressure on its trade policies after Washington said it would slap sanctions on imports of Chinese coated paper.

Fuel import deal with Kuwait extended for another year
The Advisers Council on Public Purchase, known as Cabinet Purchase Committee, yesterday approved a proposal to extend the existing agreement on fuel import from Kuwait by another year.

Pak 4B Gentel awards contract to REVE Systems to build VoIP infrastructure
4B Gentel (Pvt) Ltd Pakistan, a concern of Pakistan's famous 4B Group, has awarded a contract for building its VoIP infrastructure on turnkey basis to REVE Systems, a leading Bangladeshi software developer

Exempt RMG units from fuel price hike for six months
BGMEA urges govt
Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has urged the government to exempt apparel sector from the fuel price hike for the next six months.

BASIS 'Best IT Use Award' announced
BASIS (Bangladesh Association of Software and Information Services) has awarded seven organisations for their role to implement information technology (IT).

China looking to deepwater for energy
China is increasingly looking to deepwater hydrocarbon resources such as gas and oil to meet growing energy demand from its rapidly expanding economy, an industry group said Monday.

Dutch-Bangla recommends 25pc cash dividend
Dutch-Bangla Bank Ltd (DBBL) yesterday recommended a 25 percent cash dividend for its shareholders for the year 2006, says a press release.

ADB says it has to change to meet new challenges in Asia
The Asian Development Bank has to radically transform itself if it wants to remain relevant in a rapidly changing Asia, a major report on the future role of the ADB said Monday.

S Korea, US reach landmark FTA
With just minutes to go, the United States and South Korea on Monday reached a free trade agreement which scraps tariffs on thousands of items and will boost commerce by billions of dollars a year.

Islami Bank Bangladesh recommends 25pc dividend
The Board of Directors of Islami Bank Bangladesh Limited (IBBL) has recommended a 25 percent dividend i.e.

Suez Canal fees rise
Transit fees for ships using Egypt's Suez Canal increased on Sunday by an average of nearly three percent, the canal authority said, in the second such increase in a year.

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