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

Vol. 5 Num 1098

Tue. July 03, 2007


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Exports clock 16.45pc growth in 11 months
The country's exports rose by 16.45 percent to US$ 10,958.62 million in the first 11 months of fiscal year 2006-07. According to Export Promotion Bureau (EPB), the country fetched $ 10,958.

Bourses greet new fiscal year
Price indices up
The capital market yesterday started the new fiscal year 2007-08 with an upward trend in price indices. The benchmark index of Dhaka Stock Exchange, DSE General Index, increased by 41.

NBR warns against underhand dealing in revenue collection
Sounding warning against any sort of underhand dealing in the revenue activities, National Board of Revenue (NBR) Chairman Badiur Rahman has instructed the revenue officials to encourage payment of taxes

Drop in poverty in Asia accompanied by rising inequality
UN report says
Rapid economic growth has lifted millions in Asia out of extreme poverty, but the continent has at the same time experienced a dramatic rise in income inequality, the United Nations said in a report Monday.

Bangkok Asia Forum looks at challenges, trends in aviation sector
China, India to lead growth
The fast growing economies of China and India will largely shape the future of aviation in the Asian region and the world, as consumer demand continues to grow in these countries.

Fate of billions hangs on global trade deal
WTO, UN chiefs say
The heads of the United Nations and the World Trade Organisation on Monday both urged a successful conclusion to long-stalled global trade talks in order to lift billions of people out of poverty.

UN calls for renewed efforts to meet MDGs
Governments, aid agencies and other international bodies must make more efforts to ensure the United Nations' Millennium Development Goals are met on schedule by 2015, the UN said on Monday.

Benapole customs fails to achieve revenue target
Benapole customs failed to achieve the revenue collection target set for the last fiscal year.

Asian Monetary Fund may be needed to deal with future shocks
Asia may need to establish its own monetary fund if it is to cope with future financial shocks similar to that which rocked the region 10 years ago, a regional forum was told here Monday.

Warid offers daily bonus talktime, prizes for prepaid users
Warid Telecom has introduced incentives for users of its prepaid package Zem on daily basis. Zem users can get bonus talktime and win attractive prizes everyday, says a press release.

Euro hits 6-week high against dollar
The euro spiked to a six-week high against the dollar on Monday following the release of positive economic data from the eurozone, dealers said. The euro struck 1.

ICC-B team to attend 5th World Chambers Congress
A 14-member delegation of International Chamber of Commerce (ICC)-Bangladesh led by its President Mahbubur Rahman left Dhaka for Istanbul to attend the 5th World Chambers Congress (WCC) of World Chambers

Oil prices dip
World oil prices slipped on profit-taking Monday after New York crude struck a 10-month high last week, though the market remained supported by tight energy supplies in the United States, traders said.

Citigroup HQs sold for £1b
Citigroup's European headquarters in London has been sold to a consortium led by an Irish private-equity company for 1.0 billion pounds (1.48 billion euros, 2.01 billion dollars), the buyers said Monday.

New MD of City Bank
Kazi Mahmood Sattar has recently taken over as the managing director and chief executive officer of The City Bank Ltd.

Bank Asia MD reappointed
Bangladesh Bank has approved the appointment of Syed Anisul Huq as the president and managing director of Bank Asia Ltd for the third time.

India software exports head for $60b mark
India's exports of software and related services are expected to almost double in three years to 60 billion dollars, maintaining the country's lead over rivals such as China, the industry said Monday.

Financial expo to begin Aug 23
In a bid to develop the existing relations between the financial institutions and the people from all walks of life, the three-day 'Bangladesh Financial Expo-07' will begin in Dhaka from August 23.