The Daily Star: Internet Edition Fri. June 01, 2007

Vol. 5 Num 1066

Fri. June 01, 2007


News
Today's Index
Front Page
Business
Sports
Metropolitan
International
Culture
General


Views
Point-counterpoint
Editorial
Letters to Editor
Write to Editor


Sections
Environment
World


Others
About Us
Contact
Advertisement
Supplements
Archives

Business

DSE General Index crosses 2000 points
Market capitalisation hits all time high at Tk 44,088cr
With the Dhaka bourse witnessing bullish trend for the last one month, the DSE General Index yesterday crossed 2000 points for the first time, closing the day at 2003.58 points, up by 47.

New passenger airline set to fly by month-end
First aircraft of United Airways in Dhaka
United Airways (Bangladesh) Ltd, a private sector airline founded by non-resident Bangladeshis, is going to operate its maiden domestic passenger flight by the end of this month, officials said yesterday.

Citigroup launches new internet-based remittance solutions in Bangladesh
Citibank has launched an internet-based remittance solutions (Remit2home) in partnership with Times of Money Limited, through which a non-resident Bangladeshi (NRB) in the US can remit money to Bangladesh

Free trade pact with Gulf countries soon
Says Indian minister
India is in a process of negotiating a free trade agreement with the Persian Gulf countries and talks on this are likely to be clinched soon, Commerce and Industry Minister Kamal Nath has said.

Lankan tyre maker bids to reinvent the wheel
One of the world's biggest solid tyre makers is trying to double its turnover and turn Sri Lanka into a key exporter of rubber products.

World Bank VP in town
Praful C.Patel, Vice President of South Asian Region of the World Bank arrived here yesterday on a three-day visit.

EU, US trade, farm chiefs meet today for WTO talks
Top EU and US trade and farm officials will meet in Brussels on Friday for talks on the WTO trade negotiations, a European Commission spokesman said Wednesday.

Malaysian firm launches first-ever mobile phone remittance service
Thousands of Filipino workers in Malaysia can now remit money to their families back home under a new mobile phone money transfer service unveiled by Malaysia's top mobile phone operator Maxis.

Germany keeps jobless rate at six-year low
The current economic boom in Germany enabled Europe's biggest economy to hold its jobless rate at the lowest level for six years this month, data showed on Thursday.

Thai Festival at Radisson hotel from today
A nine-day 'Thai Festival' begins at Radisson Water Garden Hotel in Dhaka today. The hotel is holding the festival in association with Thai Embassy.

China to open up key domestic air routes to competition
The monopoly enjoyed by China's three major airlines on the nation's most lucrative domestic routes will end by 2010 as part of plans to liberalise the aviation industry, state press said Thursday.

HSBC gives wheelchairs to 23
Action on Disability and Development (ADD) in association with Hong Kong and Shanghai Banking Corporation (HSBC) gave away wheelchairs among 23 physically challenged people yesterday in Dhaka.

SKorea current account deficit hits 10-year high
South Korea's current account deficit hit a 10-year high in April due to increased dividend payments to foreign investors and a fall in the trade surplus, the central bank said Thursday.

Confidence in European economic outlook soaring
The outlook for economic growth in Europe, long the laggard of major economic powers, is running at the highest level for years, according to EU officials and a widely watched survey on Thursday.

Japanese wages down for fifth month
Japan's average monthly cash wages fell for a fifth straight month in April despite a drop in unemployment to a nine-year low, the government said Thursday.

BASIC Bank declares 38.35pc dividend
The 100 percent state-owned BASIC Bank Ltd has declared a 38.35 percent dividend for the year 2006 of which 32 percent is stock dividend and 6.35 percent cash dividend, says a press release.

Correction
In a photo caption on a deal signing between Credit Rating Agency of Bangladesh Ltd and Rupali Bank Ltd published on this page on May 21, the name of the bank's managing director was mistakenly written

Currency