The Daily Star: Internet Edition Wed. August 01, 2007

Vol. 5 Num 1127

Wed. August 01, 2007


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Business

DSE moves again to activate secondary bond market
As the secondary market for government treasury bonds still remains inactive, the Dhaka Stock Exchange (DSE) has once again initiated a move to activate it.

Derivatives, book building methods needed to bolster stock market
CSE workshop told
Speakers at a workshop in Chittgong on Monday backed 'derivatives' and 'book building' as two modern tools for bolstering capital market.

Govt urged to fix retail prices of 10 essentials
Leaders of Dhaka Metropolitan Shop Owner's Association yesterday urged the government to form a taskforce to fix retail prices of 10 essential commodities for every three-month period to control prices.

HK, Taiwan top Asian living standards
Bangladesh among 5 poorest economies
Hong Kong, Taiwan and Singapore households enjoy the highest living standards in the Asia-Pacific while those in emerging powerhouses China and India remain poor, according to an Asian Development Bank

Indo-Pak talks on transborder truck service to boost trade
India and Pakistan begin two-days of talks Tuesday to boost trade ties including a cross-border truck service to ferry goods, a government statement said.

Singapore's booming sectors to see pay hikes
Critical staff shortages in certain key professions in Singapore could lead to pay rises of up to 40 per cent in the next 12 months, a new survey has found.

Beijing warns local govts against price intervention
Local governments have been told not to intervene directly in market prices unless it is "necessary".

New president of employers' federation
Kamran T Rahman has been elected president of Bangladesh Employers' Federation for two years (2007-2009), says a press release.

Surveillance key to checking artificial crisis of essentials
Business community in Chittagong yesterday said government surveillance is needed to check any artificial crisis in the commodity market.

India hikes cash ratio, key rates unchanged
India's central bank moved Tuesday to cut money supply but kept short-term borrowing rates unchanged to balance concerns over inflation and a desire to maintain high economic growth.

Euro rebounds against dollar
The euro gained against the dollar in early European trade on Tuesday amid mixed eurozone data, while the US unit rose against the yen. The European single currency climbed to 1.3705 dollars from 1.

BTRC realises Tk 2cr fine from Jalalabad Telecom
Bangladesh Telecommunication Regulatory Commission (BTRC) yesterday realised Tk 2 crore fine from Jalalabad Telecom Limited, a private land phone operator, as the company has failed to fulfill a licensing

Shaky time for Bush economic aides
Gyrating stock prices. Shrinking nest eggs. Spiking foreclosures on home mortgages. Worries that credit will dry up.

Paulson for Chinese economic reforms
US Treasury Secretary Henry Paulson renewed efforts in meetings with top leaders Tuesday to persuade China to allow faster currency appreciation and wean itself off exports by adjusting consumption.

Etihad to launch flights to Nepal
Etihad Airways will start a four flights-a-week service from its Abu Dhabi home base to Nepalese capital Kathmandu in October, says a press release.

Oil prices ease in Asian trade
Oil prices fell in Asian trade Tuesday on profit-taking after sharp recent gains sessions but expectations of continued strong demand will limit any slide, dealers said.

Doubts cast on Wal-Mart price war in China
Wal-Mart recently waged its largest ever price war since its presence in China 11 years ago. However, many consumers cast doubts on the real purpose of this retail giant's price campaign.

Bank Asia sets up 3rd computer learning centre at Lohagora
A computer learning centre funded by Bank Asia Ltd was set up at Lohagora in Chittagong recently, says a press release.

Currency