The Daily Star: Internet Edition Fri. May 18, 2007

Vol. 5 Num 1052

Fri. May 18, 2007


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Business

Private sector-based economic growth in SA has unique strength
RBI governor tells MCCI meet
Private sector-based South Asian economic growth has a unique strength and efficiency in its self-acceleration and reasonable stability in the long run, observed Yaga Venugopal Reddy, governor of Reserve

Washington Public Hearing
Yunus pleads for Dhaka's duty-free access to US market
Nobel laureate Professor Muhammad Yunus participated Wednesday in a public hearing in the American capital city Washington to elicit opinions on allowing duty and quota-free market access of productsfrom

Bahrain, Qatari investment teams due in June, July
Two separate state minister-led delegations from Bahrain and Qatar will visit Bangladesh in June and July to explore investment potentials in numerous sectors including energy and real estate.

Govt wants cellphone operators to be listed on bourses by year-end
The government wants to get all the leading private mobile phone operators listed on the stock market by the end of this year, said Chairman of Bangladesh Telecommunication Regulatory Commission (BTRC)

Fraud in lifting imported edible oil detected at Ctg port
Customs authorities on Wednesday spotted a massive fraud in withdrawing around 20,000 tonnes of edible oil worth Tk 135 crore that evaded a Tk 22 crore tax.

Four power,12 other uplift projects okayed
The Executive Committee of National Economic Council (Ecnec) yesterday approved 16 development projects involving Tk 4,932, including Tk 2,638 crore as project aid.

British Airways offers flat bed service to local customers
British Airways (BA) is now offering its Bangladeshi customers the award-winning flat bed at a special fare of $1999 for the Dhaka-London-Dhaka route, says a press release.

DHL wins Asia platinum award
DHL, one of the world's leading express and logistics companies, has won the Asia Platinum Award for the third consecutive year in the Airfreight/Courier Service category, says a press release.

Amendment to draft financial reporting act demanded
The Institute of Chartered Accountants of Bangladesh (ICAB) has demanded amendment to the draft Financial Reporting Act-2007, which the government is reportedly going to enact as law to establish a Financial

Capital surge in Asia triggers concern: IMF
Asian nations are grappling with a surge in capital inflows that may lead to overvalued currencies or asset price bubbles in the rapidly-growing region, the IMF warned Wednesday.

CSE broker opens office for women investors
Meenhar Securities Ltd, a broker of Chittagong Stock Exchange, has opened a branch office for women investors on CDA Avenue in the port city recently.

United Ins declares 30pc stock dividend
United Insurance Company Ltd has declared a 30 percent stock dividend for the year 2006.

US, UAE deepen business ties
The United States and the United Arab Emirates launched a new bilateral business coalition Wednesday as US firms seek openings in the desert country which has fast become America's biggest trade partner

Currency