The Daily Star: Internet Edition Wed. July 12, 2006

Vol. 5 Num 755

Wed. July 12, 2006


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Business

Foreign aid drops 12pc during July-April
Bank borrowing increasing
Bangladesh witnessed a 12 percent drop in foreign aid in the first 10 months of the just concluded fiscal year due mainly to slow pace in projects' implementation, resulting in government's enhanced dependence

NRBs urged to invest in SMEs
Energy Adviser Mahmudur Rahman yesterday called upon non-resident Bangladeshis (NRBs) to invest in the country's small and medium enterprises (SMEs) as the sector holds a huge potential.

Pressure on G8 to embrace emerging economies
As G8 leaders prepare to meet at their annual summit this weekend, one question being asked is whether their exclusive club should become the G11 by integrating Brazil, China and India.

Drop 'Cold War mindset' on high-tech exports
China urges US
China has urged the United States not to pursu e a "Cold War mindset" when it comes to more strategic controls on trade in high-tech products, state media said Tuesday.

Call for enhanced Bangla-Pak trade
Bangladesh Minister of State for Finance Shah Abul Hossain, who is now on a visit to Pakistan to attend the Saarc Finance Ministers Conference, made a courtesy call on Omar Ayub Khan, Minister of State

China's bank lending down
China's bank lending fell 22 percent last month, suggesting official efforts to cool off the sizzling economy are taking effect, state media reported Tuesday.

Rokia member of World Islamic Businesswomen's Network task force
Rokia Afzal Rahman, chairman of Arlinks Group and president of WEA (Women Entrepreneurs' Association) and WISE (Women In Small Enterprises), has become a member of the task force of World Islamic Businesswomen's

Applications to be sought from NRBs for selection of CIPs
Applications will be sought from non-resident Bangladeshis (NRBs) through newspaper ads on August 1 for the selection of expatriate CIPs (commercially important persons).

Local finished fabric plant soon in Adamjee EPZ
Yassma Knitting and Dyeing Limited, a fully Bangladeshi owned company, will set up a knitted and dyed-finished fabrics plant in Adamjee Export Processing Zone. This local company will invest US$ 2.

Singapore's Raffles Hospital offers special rates to GP staff, subscribers
Raffles Medical Group of Singapore will offer special corporate rates to all members of the staff, premium and general subscribers of GrameenPhone, the leading cell phone operator in the country.

IMF proposes emergency liquidity cushion for emerging economies
The International Monetary Fund (IMF) is proposing an emergency liquidity facility to help Asian and other emerging economies deal with any financial crises.

Toyota announces new Ontario parts plant
A division of Japanese auto giant Toyota will build a new auto parts facility in Canada's Ontario province, officials announced Monday.

India's Reliance plans 1m jobs
One of India's leading businessman, Mukesh Ambani, says he plans to create a million new jobs through an agrarian and retail revolution by building an Indian version of Wal-Mart, the world's largest store

Pepsi Bottling quarterly profit beats estimates
Pepsi Bottling Group Inc on Tuesday posted higher-than-expected second-quarter profit and raised its 2006 outlook, citing strong volume growth in noncarbonated drinks such as Tropicana juices and Lipton