The Daily Star: Internet Edition Wed. March 23, 2005

Vol. 5 Num 292

Wed. March 23, 2005


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Business

Value Addition Rate in EU GSP
Govt, exporters sit today to fix Dhaka's stance
Commerce ministry officials and business leaders will meet today to work out Bangladesh's strategy on the rate of value addition to get Generalised System of Preference (GSP) facility to export garment

Watchdog for private sector services on cards
Saifur lays foundation of audit building
The government plans to bring service-oriented professional practitioners and bodies, especially in the corporate sector, under a regulatory system to uphold interests of general people, Finance and Planning

Bangladeshi cos sign 3 export deals with Singapore firms
Private entrepreneurs of Bangladesh signed three export deals with Singaporean traders here yesterday as Prime Minister Khaleda Zia wrapped up her talks with political and business leaders of the Southeast

Int'l apparel machinery fair kicks off in Dhaka
An international apparel and knitting machinery fair began in Dhaka yesterday with a call to increase productivity and competitiveness of local garment industry through adoption of modern technology to

China's central bank to rely more on interest rate
China's central bank will in future rely more heavily on interest rates to control the economy, a newspaper Tuesday quoted its governor as saying in remarks that suggested less reliance on administrative

Toyota plans to sell 5.4m vehicles in ’05
Toyota Motor Corporation has set a target to sell 5.4 million vehicles in overseas market in 2005, Yoshio Ishizaka, executive vice president of the company, told a function in Dhaka on Monday.

WTO to rule on US complaint against EU customs system
The World Trade Organisation said Monday it would rule on a US complaint against alleged disparities in the application of the European Union's single customs system.

Export-oriented local zipper factory launched
An export-oriented local zipper manufacturing firm, Zipper Deign Development (ZDD) Industries Ltd, formally launched its operation in Dhaka on Monday.

Thai PM cuts GDP growth forecast as diesel prices rise
Prime Minister Thaksin Shinawatra Tuesday cut Thailand's 2005 growth forecast by 0.25 percentage points to 5.25-6.

Emirates to start non-stop flights to Accra
Emirates has announced a new schedule to boost services to the West African city of Accra by the end of this month.

US to step up monitoring of textile imports
The US government said Monday it would step up monitoring of textile and apparel imports to allow policymakers "to more quickly analyze the impact of imports" on the US market.

New GP sales centre in Ctg
GrameenPhone Ltd opened a new sales centre in Chittagong yesterday.

Pran-RFL Group celebrates corporate day
Pran-RFL Group celebrated its 24th corporate day on Thursday in Dhaka.

Malaysia opens door to five foreign brokerages
Malaysia said Tuesday it had awarded full licenses to five foreign brokerages for the first time as part of market liberalisation moves to advance its capital markets.

EU seeks to revive growth drive but clouds loom
European Union (EU) leaders gathered Tuesday for a traditional spring summit aimed at relaunching an economic reform drive and giving a shot in the arm to flagging growth across the continent.

New executive director of Ocean Containers
Syed Fazlul Haque took over as the executive director of Ocean Containers Ltd with effect from January 1, 2005.
He is the former managing director of GlaxoSmithKline-Bangladesh, says a press release.