The Daily Star: Internet Edition Thu. April 21, 2005

Vol. 5 Num 320

Thu. April 21, 2005


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Business

Money laundering thrives on legal loopholes
BoI asks ministry to discourage registration of foreign, joint venture cos until amendment to law
A number of fully foreign-owned companies and joint ventures having negligible capital base are taking advantage of the weaknesses in the Companies Act 1994 to indulge in money laundering, officials at

Govt mulls lifting PSI system
NBR chief tells Ctg chamber members
The government is considering discontinuing pre-shipment inspection (PSI) system by this year to stop 'harassment' of businesspeople , National Board of Revenue (NBR) Chairman Khairuzzaman Chowdhury said

Dhaka becomes more cost competitive for investment
Says JETRO survey
Dhaka has become a little more cost competitive for investment, reveals the latest survey by Japan External Trade Organisation (JETRO).

Asian, African ministers talk trade partnership
Thai, Foreign ministers from Asia and Africa held talks in the Indonesian capital Wednesday with the aim of drafting an agreement on a strategic alliance ahead of a weekend summit of leaders from both

Bush eyes interim China step on currency
US President George W Bush said Tuesday that China was considering taking an interim step toward easing its rigid currency regime and that Washington wants action as soon as possible.

BGMEA seeks duty-free access to China
Bangladesh Garment Manu-facturers and Exporters Association (BGMEA) has asked China to provide Bangladeshi garments with duty-free access to its market.

United Leasing approves 60pc dividend, 100pc bonus share
United Leasing Company Ltd has declared 60 percent dividend and 100 percent bonus share for its shareholders for the year 2004.

Prime Finance okays 20pc cash dividend
Prime Finance and Investment Limited, a local financial institution, has approved a 20 percent dividend for its shareholders for the year 2004.

National Bank to collect AKTEL subscribers' bills
Subscribers of AKTEL mobile phone will be able to pay their monthly bills through the branches of National Bank from now on.

SME fair raffle draw held
Raffle draw of the coupons of SME Fair 2005 was held yesterday at the FBCCI conference room in Dhaka.

Shoppers World mall joins Dutch Bangla Bank merchant network
Shoppers World, a shopping mall in Dhaka, has joined the 'point of sale' (POS) merchant network of Dutch-Bangla Bank Ltd recently.

WTO farm talks break down on technical issue
Agricultural talks at the World Trade Organisation broke down Tuesday over the question of how to calculate customs duties, a technical issue that divides exporting and importing countries.

New Zealand, Thai businesses to benefit from trade pact
New Zealand Prime Minister Helen Clark said Tuesday that a new economic pact between her country and Thailand will boost business and lead to more jointly exported products.

China Q1 economy grows faster than expected
China's economy expanded 9.5 per cent in the year through the first quarter, faster-than-expected growth that will put pressure on Beijing to further tighten investment and credit curbs.

Local co teams up with Tommy Mia to produce food items
A local company yesterday announced that it will use cooking expertise of master chef Tommy Mia to produce food items for domestic and international markets.

Malaysian auto sales hit record high
Malaysia's vehicle sales rose 21.6 percent year-on-year in March to an all-time high of 50,558 and are likely to accelerate as consumers rush to buy in anticipation of higher car prices, reports saidWednesday.