The Daily Star: Internet Edition Tue. May 08, 2007

Vol. 5 Num 1042

Tue. May 08, 2007


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Business

Cargo Handling
Stevedoring system at Ctg port goes from May 16
The authorities at a meeting here yesterday decided to introduce single-point operation system at the Chittagong port replacing the old fashioned stevedoring system.

Rural businesses, farmers hit by lack of finance
Says study
Small businesses and farmers are unable to fully develop in rural areas due to the lack of access to finance, a study claims.

Japan, India agree to seek change to WTO farm trade proposal
Japan and India agreed Monday to seek change to a recent World Trade Organisation proposal on farm trade because it "lacked balance," Japanese officials said.

Grameenphone MD visits DSE
The managing director of Grameenphone, Erik Aas, yesterday visited the Dhaka Stock Exchange (DSE) as speculation grows as to when Bangladesh's largest mobile will list on the bourse.

Fruits of Globalisation
G8 labour ministers seek guarantee of social minimums
G8 labour and employment ministers began a summit on Sunday in the east German city of Dresden aiming to agree on ways to ensure a fairer distribution of the fruits of globalisation.

Global shoemakers hoof it to Asia
The footwear industry has a major opportunity to build exports and promote its position in the world market, said Nguyen Thi Thanh Xuan, deputy secretary of the Leather Footwear Producers Association(Lefaso).

Standard Bank approves 20pc stock dividend
Standard Bank Ltd has approved a 20 percent stock dividend for its shareholders for the year 2006.

Indian tourists more valuable to London than Japanese
Indian tourists to London in 2006 spent more than their Japanese counterparts for the first time, according to data released by the agency responsible for promoting London to visitors.

New BTTB chairman
Anwarul Azim has taken over as the new chairman of Bangladesh Telegraph and Telephone Board (BTTB) with effect from May 3, 2007.

New MD of Mutual Trust Bank
Kazi Shafiqur Rahman has been appointed as the managing director of Mutual Trust Bank Ltd (MTB), says a press release. Prior to joining MTB, Rahman was an additional managing director of NCC Bank Ltd.

Bangladesh Commerce Bank gets new MD
Mohammad Farhad Hossain has recently been appointed as the managing director (MD) of Bangladesh Commerce Bank Ltd (BCBL), says a press release.

ADB fails to reach consensus on reform agenda
The Asian Development Bank faces an uncertain future after failing to reach a clear consensus on how to reform in response to Asia's rapid but increasingly uneven economic growth.

Oil falls in Asia
Oil prices fell in Asian trade Monday to levels last seen in March on easing concerns over tight gasoline (petrol) supplies ahead of the US summer driving season, dealers said.

Currency