The Daily Star: Internet Edition Wed. April 27, 2005

Vol. 5 Num 325

Wed. April 27, 2005


News
Today's Index
Front Page
Business
Sports
Metropolitan
National
International
Culture
General


Views
Editorial
Letters to Editor
Write to Editor


Sections
Star Chittagong


Others
About Us
Contact
Advertisement
Supplements
Archives

Business

Govt likely to reintroduce agent commission in general insurance
The government is likely to reintroduce commission system in general insurance business to stop unhealthy competition among fellow companies.

30 taxpayers to get VIP status in next fiscal
The government is going to award very important person (VIP) status to the country's 30 leading individual taxpayers from the next financial year.

Enact modern patent law soon
Seminar asks govt
Speakers at a seminar in Dhaka yesterday urged the government to expedite the process to formulate an up-to-date patent law to boost the economy.

Investment Proposals in Power, Fertilizer
US firm starts talks with BoI today
Global Vulcan Energy Int, a US company, will start negotiations with the Board of Investment (BoI) here today for investment in power generation, urea fertilizer factory and coal exploration sectors.

Indian firm plans to export LPG to Bangladesh, Lanka
A joint venture firm in India has sought Indian government's clearance for exporting liquefied petroleum gas (LPG) to Bangladesh and Sri Lanka.

SEC okays Meghna Life Ins IPO
Meghna Life Insurance Company yesterday received Securities and Exchange Commission (SEC) approval to float IPOs worth Tk 40.5 million.

Shinepukur Ceramics okays acquisition by Beximco Ltd
The shareholders of Shinepukur Ceramics Ltd in an annual general meeting yesterday approved a proposal given by Beximco Ltd to acquire 100 percent shares of Shinepukur Ceramics Ltd having a paid-up capital

Dutch-Bangla Bank to collect GP bills
Subscribers of GrameenPhone (GP) will now be able to pay their bills through the branches of Dutch-Bangla Bank Limited using the bank's ATM, POS terminals and internet banking services.

UCL appoints Prime Finance & Investment issue manager to IPO
Union Capital Limited (UCL) has appointed Prime Finance & Investment Limited the manager to the issue for its forthcoming Initial Public Offering (IPO).

New DMD of Standard Bank
SA Farooqui took over as the deputy managing director of Standard Bank Ltd with effect from April 1, 2005.

GSP Finance okays 22.5pc dividend
GSP Finance Company (Bangladesh) Limited, a non-bank financial institution, has approved a 22.5 percent dividend for its shareholders for the year 2004.

New chief executive of Asian Paints
SR Rao took over as the chief executive of Asian Paints (Bangladesh) Ltd with effect from April 20, 2005.
He has replaced RV Ramanujam, says a press release.

Honda's Q4 profit jumps
Japan's Honda Motor Co posted a 24 per cent jump in fourth-quarter operating profit on brisk European sales and projected a further rise this year, albeit slower than expected, as its Civic sedan gets

China should cut textile exports to avoid EU action: Mandelson
European Union Trade Commissioner Peter Mandelson said Tuesday it was in China's interest to cut textile exports to avoid retaliatory measures from the EU in a growing trade row.

Boeing, Airbus in the race on Air India plane deal
The board of state-run Air India is meeting Tuesday to decide the purchase of 50 long-range aircraft amid intense lobbying by US giant Boeing and Europe's Airbus Industrie for the six billion dollar deal.