The Daily Star: Internet Edition Fri. August 03, 2007

Vol. 5 Num 1129

Fri. August 03, 2007


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Business

BB's new scheme to sell Oriental Bank's 57pc paid up capital
The central bank issued a scheme yesterday to sell 57 percent of Oriental Bank's paid up capital through an open tender.

Maintenance fee for BO account comes into effect
Errant accounts to face cancellation or freeze
Annual maintenance fee of Tk 300 for each beneficiary owner's (BO) account has come into effect as the Securities and Exchange Commission (SEC) has set the month of September for paying the charge.

Chevron to invest in bigger way in 5 years
Oil giant's Bangladesh chief says
New President of Chevron Bangladesh Steve N Wilson yesterday said his company will make significant investments in its existing stakes in Bangladesh, including block 7, in the next five years.

New plant of Fu-Wang Ceramic opens in Gazipur
A jumbo line plant of Fu-Wang Ceramic Industry Ltd was inaugurated yesterday at Hotapara in Gazipur to manufacture floor and wall ceramic tiles.

Rangpur Dairy introduces RD Milk
Rangpur Dairy and Food Products Ltd has introduced liquid milk-- RD Milk -- in local market.

Foreign automakers capture half of US market
The Big Three US automakers lost control of their home field Wednesday as foreign automakers captured half of the US market for the first time.

Higher interest rates may be key to curbing inflation: IMF
The International Monetary Fund (IMF) said Thursday that some countries may need to hike interest rates to keep inflation under control amid strong world growth and high fuel prices.

Emirates offers seat selection feature to online buyers
Emirates has expanded its seat selection features to all customers who book their tickets online, according to a press release.

AKTEL offers GPRS facility to prepaid subscribers
Mobile phone operator AKTEL has launched GPRS (General Packet Radio Service) facility for its prepaid subscribers, says a press release.

New chairman of Pioneer Ins
Syed Manzur Elahi has been elected chairman of Pioneer Insurance Company Ltd for 2007-2008 term, says a press release.

Oil prices slip
World oil prices eased on Thursday, one day after New York hit a record high 78.77 dollars per barrel as weak US crude reserves sparked concern over tight global energy supplies, traders said.

Unilever to shed 20,000 jobs worldwide
Unilever, the Anglo-Dutch maker of consumer goods and food products, announced Thursday that it would cut 20,000 jobs worldwide, 11 percent of its total workforce, over the next four years.

Currency