The Daily Star: Internet Edition Tue. May 01, 2007

Vol. 5 Num 1036

Tue. May 01, 2007


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Business

SEC Investigation
BD Welding shares manipulated by false Saudi investment plans
Officials of Bangladesh Welding Electrodes Ltd manipulated the share price of the company through spreading fictitious and fabricated information claiming a Saudi businessman was to invest in the company,

StanChart sees strong capital market growth in Bangladesh
Bank's South Asia top official tells The Daily Star
Bangladesh's strong economic growth will increasingly force companies to look to capital markets to finance their expansion, said Sundeep Bhandari, managing director, head - global markets, South Asia,

S'pore firms take big stake in India's property boom
India is in the middle of a red-hot property boom, with Singapore designers and developers in the thick of the action, having landed millions worth of high-profile projects across the continent-sizedcountry.

Made-in India computers for around $100
While global computing giants like IBM and AMD are yet to give shape to their ambitious plans for a computer that costs USD 100 or less, an Indian company has already set its eyes on 10 million potential

Bank Asia declares 25pc stock dividend
Bank Asia Limited has declared a 25 percent stock dividend for the shareholders for the year ending December 31, 2006.

Emirates gets Airfinance Journal's award
Dubai-based Emirates airline has received Airfinance Journal's "Middle East Deal of the Year" award for the Singapore dollar bond, says a press release.

UBICO declares 4pc cash dividend
The UAE-Bangladesh Investment Company Limited (UBICO) has approved a four percent cash dividend for shareholders for 2006.

New chairman, vice chairman of Jamuna Bank
Nur Mohammed and Md Sirajul Islam Varosha have been unanimously elected chairman and vice chairman of the Board of Directors of Jamuna Bank Limited, says a press release.

Prime Finance okays 20pc cash, 10pc stock dividends
Prime Finance and Investment Limited has approved a 30 percent dividend comprising a 20 percent cash and a 10 percent stock dividend for the shareholders for the year 2006.

IIDFC okays 22pc dividend
Industrial and Infrastructure Development Finance Company Limited (IIDFC) has approved 22 percent (12 percent cash and 10 percent stock) dividend for its shareholders for 2006, says a press release.

Key WTO players to meet in Paris May 17-18
The four key players in the WTO's long-running round of trade liberalisation talks -- the European Union, the United States, India and Brazil -- will meet in Paris on May 17-18, a European source said

Special bank panel to grill Wolfowitz
World Bank President Paul Wolfowitz, fighting to keep his job, is arguing that the poverty-fighting institution's ethics officials were aware of his role in helping secure a promotion and pay raise for

Myanmar-Thai trade up over 50pc in FY '07
Bilateral trade between Myanmar and Thailand increased by about 51 percent to 2.

Fareast Finance okays 12.5pc dividend
Fareast Finance & Investment Ltd, a leasing and financial company, declared 12.5 percent dividend in the form of bonus share for its shareholders, says a press release.

Currency