Vol. 4 Num 244 Fri. January 30, 2004    
 
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Business
 
Banks face withdrawal pressure on Eid rush
With only one more day left for transactions before Eid, commercial banks yesterday were teeming with people seeking cash withdrawal. And the transactions were double the normal volume, bankers said.
 
'Express lane facility' in the offing
'Low-risk' importers to get quick customs clearance
The National Board of Revenue (NBR) is going to introduce "express lane facility' (ELF) for big and 'low-risk' traders to accelerate clearance of goods imported by them.
 
ADB okays $5.5 lakh grant to promote financial market
The Asian Development Bank (ADB) has approved a $550,000 (5.5 lakh) technical assistance (TA) grant to promote good governance in Bangladesh's financial market.
 
Lula urges trade pact linking Brazil, India, South Africa
Brazilian President Luiz Inacio Lula da Silva called Wednesday for Brazil, India and South Africa to agree on a trilateral trade pact as part of a new bloc to take on developed economies.
 
Asia-Latin American officials discuss closer economic ties
Senior officials of 32 Latin American and East Asian countries began meetings in the Philippine capital on Thursday to discuss forging closer economic, cultural and possibly political ties.
 
Development aid set to rise by 50pc in 5 years: OECD
Development aid flows are set to rise by 50 percent in the five years to 2006 but much depends on the United States and leading European countries that are behind in meeting targets, the OECD reported
 
Major foreign banks sign agreement with CDBL
Major foreign banks in Bangladesh have signed an agreement with the Central Depository Bangladesh Limited (CDBL) for investing in the equity shares of CDBL.
 
IDLC branch opens at Dhanmondi
The Industrial Development Leasing Company of Bangladesh Limited (IDLC) has opened its 3rd branch at SEL Centre, West Panthapath, Dhanmondi in Dhaka.
 
HSBC Bangladesh in Dubai festival
The Hongkong and Shanghai Banking Corporation (HSBC) Bangladesh is taking part in the month-long Dubai Shopping Festival to promote 'Bangladesh International', a product for non-resident Bangladeshis(NRBs)
 
US mission team meets BCI chief
A two-member delegation of US mission in Dhaka met AK Azad, managing director of Ha-Meem Group and president of Bangladesh Chamber of Industries (BCI), in Dhaka on Wednesday.
 
CPD workshop on trade policy appreciation concludes
A three-day workshop on trade policy appreciation jointly organised by the Centre for Policy Dialogue (CPD) and the Centre for Trade Policy and Law (CTPL), Canada concluded in Dhaka yesterday.
 
New chairman of Union Capital
M Faizur Rahman has been elected chairman of Union Capital Limited, a non-banking financial institution.

The election was held at the board meeting of the company recently in Dhaka, says a pressrelease.

 
Robust growth expected for Asia in 2004
Asia will grow robustly in 2004 as the region's export engine benefits from improving global conditions, signaling a possible end to deflation in some economies, the latest Reuters poll of regional analysts
 

 
   
 
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