The Daily Star: Internet Edition Mon. August 22, 2005

Vol. 5 Num 441

Mon. August 22, 2005


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Business

Send trade teams abroad, attend fairs to boost export
Consul generals in Bangladesh suggest govt
Honorary consul generals in Bangladesh yesterday said Dhaka can send trade missions abroad and participate in international fairs to boost its trade.

DSE upgrades automated trading system
Facilitates up to 1 lakh transactions a day
The Dhaka Stock Exchange (DSE) yesterday launched its upgraded automated trading system, facilitating up to 100,000 transactions a day and allowing the investors to trade from across the world through

Setting up Asset Management Co
BB differs with ADB advice
The Bangladesh Bank (BB) has differed with an Asian Development Bank (ADB) advice on establishing asset management company (AMC) to recover the non-performing loans, official sources said.

Small Power Plants
Summit signs Tk 390cr loan deal with IIDFC
Summit Industrial and Mercantile Corporation (Pvt) Ltd (SIMCL) yesterday signed a Tk 390 crore loan agreement with Industrial and Infrastructure Development Finance Company Ltd (IIDFC) to build smallpower

Dhaka seeks more market access to Pak market
Foreign Secretary Hamayetuddin has met Pakistan's acting Commerce Secretary Syed Asif Shah in Islamabad and sought more market access for Bangladeshi products.

Sristy Hometex gets $5 lakh export offer at Formland fair
Sristy Hometex Limited, a leading Bangladeshi exporter of home textile products, has received a spot order of around US$500,000 at the recently held Formland fair in Denmark.

2 Emirates flights on Dhaka-Dubai-NY route daily from Nov 7
The Emirates Airline will operate two flights everyday from November 7 on the Dhaka-Dubai-New York route.

StanChart wraps up purchase of Amex business in Bangladesh
Standard Chartered Bank has successfully completed the purchase of business and branches of American Express Bank Ltd (Amex) in Bangladesh.

Soaring prices of commodity hurt ROK industries
Hefty price increases of raw materials coupled with runaway oil prices are making a deep impact on South Korean industries because of their high dependence on imported raw materials.

Citigroup global director of microfinance due today
Robert Annibale, Citigroup's global director of microfinance, arrives in Dhaka today on a two-day visit.

Dhabi Group chairman arrives in Dhaka Aug 29
Dhabi Group Chairman and Education Minister of UAE Shaikh Mubarrak Al Nahian will arrive in Dhaka on August 29 to discuss the group's planned investment in Bangladesh.

Huge effort key to WTO success
Says EU farm commissioner
European Union Agriculture Commissioner Mariann Fischer Boel said Sunday a "huge effort" is needed if the upcoming World Trade Organisation (WTO) meeting in Hong Kong is to be a success.

Ecuador declares end to oil strike
Ecuador has deployed army troops to its oil-producing Amazon region and declared an end to a six-day strike there that had sent jitters through the industrial world.