The Daily Star: Internet Edition Wed. May 09, 2007

Vol. 5 Num 1043

Wed. May 09, 2007


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Business

BGMEA sets roadmap to make RMG units compliant in 3 years
Yunus may miss Washington public hearing
BGMEA, the country's apex trade body for the apparel sector, has set a roadmap to make the local garment units fully compliant within the next three years.

Developing countries lukewarm about WTO agriculture proposals
Developing countries on Monday said proposals to revitalise agriculture negotiations at the World Trade Organisation suffered from a "severe imbalance" which put their economies at a disadvantage.

EU expects FTA with Gulf by year-end
German Foreign Minister Frank-Walter Steinmeier said Tuesday he expected the oil-rich Gulf Cooperation Council and the 27-member European Union to ink a free trade agreement by the end of the year.

CDBL: Prospects and problems
Central Depository Bangladesh Limited (CDBL) for the stock exchanges was established in 2003 following automation of the trading system, which was introduced in 1998.

KL calls for tourist visa reform
Malaysian immigration authorities want a tourist visa scheme reviewed because it is being abused by job seekers who are overstaying their welcome, a report said Tuesday.

Taiwan firm to expand effluent treatment plant in Dhaka EPZ
Taiwanese Ring Shine Textile Limited, operating since 1998, is going to expand its effluent treatment plant (ETP) in Dhaka Export Processing Zone, says a press release.

Emirates Holidays' expansion plans unveiled
After successfully launching its range of 'A World of Choice 2007-08' brochures last week, Emirates Holidays outlined its ambitious plans for the coming year and beyond at the Arabian Travel Market, says

Telenor to cut stake in Malaysia's Digi to 49pc
Norwegian telecom group Telenor will cut its stake in Malaysian mobile operator Digi.Com Bhd to 49 percent by the end of the year from the 61 percent currently held, state media said Tuesday.

New office bearers of garment buying house assoc
Qayum Reza Chowdhury has been reelected president of the 15-member executive committee of Bangladesh Garment Buying House Association for 2007-2009 term.

Bank Asia opens branch in Ctg EPZ
Bank Asia Ltd has opened its 26th branch in Chittagong Export Processing Zone (CEPZ), says a press release.

Lankan clothing exports on track despite rebel air raids
Sri Lanka's lucrative garment manufacturing industry Tuesday reassured overseas buyers that a spate of air raids by Tamil Tiger rebels had failed to disrupt exports.

Thailand moves to rein in foreign retailers
Thailand's military-installed government on Tuesday endorsed a new retail law aimed at reining in the expansion of foreign retail giants after an outcry by local shop owners.

China's trade surplus seen surging in 2007
China's overall trade surplus will soar to 254 billion dollars this year, though growth in the politically touchy figure will slow to 42.8 percent, according to a research report.

SingTel mobile users top 124m
Singapore Telecommunications (SingTel) said Tuesday its mobile subscribers grew by a record 12 million in the first quarter to top 124 million users at the end of March, the largest such base in Asiaoutside

Currency