Vol. 5 Num 207 Wed. December 22, 2004       Home  News Today's Index Front Page Business Sports Point-counterpoint Metropolitan National International Culture General Views Editorial Letters to Editor Write to Editor Sections StarTech Star Chittagong Others About Us Contact Advertisement Supplements Archives Business   SEC suspends brokers’ credit facility Increases members' trade margin requirements Unnerved by continuous rally in stock prices, the Securities and Exchange Commission (SEC) yesterday decided to suspend credit extending facility by brokers to their clients to control excess liquidity   Govt in business is waste of public money: Saifur Finance and Planning Minister M Saifur Rahman yesterday said government in business means loss and waste of public money and so the government believes in private sector-led growth. Rehab housing fair starts in Dhaka tomorrow With a view to promoting real estate sector, Real Estate and Housing Association of Bangladesh (Rehab) is organising a five-day housing fair at Dhaka Sheraton Hotel from tomorrow.   ADB okays $50m for SME development The Asian Development Bank (ADB) will support efforts of the government of Bangladesh to foster development of the country's small and medium enterprise (SME) sector, through an assistance package approved   Emirates flies to 4 more destinations next year Emirates will fly to four new destinations and increase flight frequencies to seven destinations in 2005 as part of the airline's international expansion drive.   Greater China-South Asia ties vital for economic progress Two-day China-South Asia Business Forum kicks off Greater interactions between China and South Asia in the multi-facet economic fields are imperative for all round progress and development for the vast multitude living in this part of the world.   Citigroup named best cash management bank Citigroup, the parent company of Citibank NA, has been named the best cash management bank this year by FinanceAsia, Asia's leading financial magazine.   MindShare Asia Pacific wins best media agency award MindShare Asia Pacific, the parent company of Asiatic MindShare Limited- Bangladesh, has won the 'Media Agency of the Year 2004' award for the second consecutive year.   US sets final duties on Asia, Latin America shrimp US shrimp producers declared success on Monday after the Bush administration set final anti-dumping duties ranging from 2.35 percent to nearly 68 percent on shrimp from Thailand, Brazil, Ecuador and India.   India's IPO boom set to spill into '05 India's investment bankers are counting on another hectic year of capital raising. Some 23 companies have raised $2.   Local company to set up textile dyeing plant in Comilla EPZ A local company is going to set up a textile dyeing and chemical plant in Comilla Export Processing Zone, creating jobs for 70 Bangladeshis.   Malaysian PM for KL-Delhi FTA Malaysian Prime Minister Abdullah Ahmad Badawi on Monday suggested a free-trade agreement between his country and India to boost bilateral economic cooperation and joint venture to explore other global   Parachute Beliphool Lite oil reappears Marico Bangladesh Limited, the marketer of hair oil brand Parachute in Bangladesh, re-launched its perfumed hair oil "Parachute Beliphool Lite" at a function in Dhaka on Friday.   Pakistan faces labour law problems Pakistan's vital textile industry could suffer from the imminent end of import quotas as international rivals seek to exploit the country's widespread disregard for labour and environment laws, analysts   Surgutneftegaz buyer of Yukos, says newspaper The cash-rich private oil company Surgutneftegaz is the mystery purchaser of the main assets of the Yukos empire, auctioned for 9.35 billion dollars (7.   American Chef soya bean oil launched Ornate Services Limited has launched "American Chef " brand soya bean oil in local market.   EU trade chief wants end of textile quotas to be win-win The European Union's trade chief Peter Mandelson called Tuesday for poorer countries to be shielded from fierce competition led by China when global textile quotas are scrapped on January 1.     Advertisement