Volume 5 Number 5 Mon. May 31, 2004       Advertise with The Daily Star -- Advertising on the Website    Advertising in the Printed E dition-- Home  News Today's Index Front Page Business Political Sports Point-counterpoint Metropolitan National International Culture General Views Editorial Letters to Editor Write to Editor Sections Others About Us Contact Advertisement Supplements Archives Business   CSE launches internet trading system In a major development in the country's capital market, Chittagong Stock Exchange (CSE) yesterday formally launched Internet Trading System (ITS) enabling people to make online share transactions from   L/C guarantee scheme of ADB to cover Bangladesh Bangladesh is among the countries in Asia and the Pacific to benefit from Asian Development Bank's newly launched $150 million trade-finance facilitation programme (TFFP).   Filipino FM for trade deal with Bangladesh Filipino Foreign Minister Delia Domingo Albert felt the need of a trade agreement between Bangladesh and the Philippines to exploit the opportunity of widening bilateral trade. Panasonic launches new cellphone sets Panasonic Mobile Communications Company Limited has introduced a new range of cellphone sets in Bangladesh market.   Opec hints at price-cutting moves ahead of Beirut meet With just days to go before a crucial minis-terial meeting, the Organisa-tion of Petroleum Exporting Countries has put out signals suggesting that a substantial hike in production could be in the offing   Private banks to cut rate by 1 percentage point from July Private Commercial Banks (PCBs) yesterday decided to cut their respective interest rates on loans by one percentage point with effect from July.   Special offer for StanChart credit cardholders to buy Aktel phones Aktel and Standard Chartered Bank have signed a memorandum of understanding (MoU) to launch a joint promotional campaign for purchasing Aktel post-paid standard connection along with handsets.   Commercial Bank of Ceylon MD in Dhaka Amitha Gooneratne, managing director of Commercial Bank of Ceylon Limited, arrived in Dhaka yesterday.   BGIC, CDBL sign deal Bangladesh General Insurance company Limited (BGIC) has signed an agreement with Central Depository Bangladesh Limited (CDBL) to convert its share certificates into electronic ones for trading under the   Chairman, vice-chairman of global Ins re-elected Md Anwarul Haque and Md Sirajul Islam Bharasha have been unanimously reelected chairman and vice-chairman of Global Insurance Limited.   City Bank launches dual currency credit card The City Bank Limited has come up with a Visa credit card, which enables customers to do risk-free shopping both at home and abroad.   DBH, Sky View Foundation sign MoU Sky View Foundation Ltd, a real estate developer, signed a memorandum of understanding (MoU) with Delta Brac Housing Finance Corporation Ltd (DBH) in Dhaka on Thursday.   No big strides on trade at EU-Latam summit A summit of EU, Latin American and Caribbean leaders brought no surprise strides on the trade front, as the EU delayed launching free trade with Central America and Andean nations and underscored itswill   China power crunch seen worsening Power outages in fast-growing China are seen increasing in frequency this year compared with 2003 as tight energy supplies fail to keep pace with increasing demand, state media said yesterday.   Asian chip foundries make strong comeback Asia's chip foundries are making a strong comeback in 2004 after three lean years as demand for electronic products booms and semiconductor makers increasingly outsource production, analysts said.     Advertisement