The Daily Star: Internet Edition Sun. April 24, 2005

Vol. 5 Num 322

Sun. April 24, 2005


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Business

Plastic Goods Industry
Misuse of bond facility hurts genuine raw material importers
With raw materials of plastic goods imported under bond facility flooding the local market, genuine importers are being affected in the face of uneven competition with the unscrupulous traders.

BB suspends Premier Bank dividend disbursement
Bangladesh Bank (BB) yesterday suspended disbursement of dividend declared by scandal-struck Premier Bank Limited.

Investment opportunity in Bangladesh much better
Wahiduddin Mahmud tells workshop in India
Eminent economist Prof Wahiduddin Mahmud has said investment opportunity in Bangladesh might be much better than it looks.

Low-income people need to be brought under banking service
Says governor
Bangladesh Bank Governor Dr Fakhruddin Ahmed, before finishing his onerous job, made a call yesterday for his colleagues in the central bank to take a challenge of bringing more people from the low-income

Rancon Motors launches service campaign for Mercedes-Benz vehicles
Rancon Motors Ltd, the general distributor of Germany's DaimlerChrysler in Bangladesh, yesterday launched a weeklong service campaign for Mercedes-Benz passenger vehicles under the guidance of a German

Sylhet int’l trade fair opens
Finance and Planning Minister M Saifur Rahman yesterday called for massive investment initiatives in industry as he inaugurated an international trade fair here.

EU to reveal more in Chinese textile row
The European Commission will reveal more this weekend on a surge in Chinese textile imports which has led the EU to consider ways to protect the bloc's own industry, a spokeswoman said Saturday.

US puts pressure on development banks
US legislation to replenish the funds of the world's development banks will include demands for more transparency and accountability of the institutions, a top lawmaker said.

Japan executives worry about US economic slowdown
A majority of Japan's top corporate executives believe that the country's economy is gradually recovering but may falter in response to a US economic slowdown, a press report said Saturday.