The Daily Star: Internet Edition Tue. May 22, 2007

Vol. 5 Num 1056

Tue. May 22, 2007


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Business

Access to rural finance project to help farmers proposed
WB for re-capitalisation of BKB, RAKUB
The World Bank (WB) has proposed a new project to increase access to finance for the small farmers and rural micro and small enterprises (MSEs) through reform in two government-run specialised banks for

Long-term plan for jute sector development underway
Says industries adviser
The government has conducted a study to find out problems of the jute mills in the public sector aiming to revive the mills, said Industries Adviser Geeteara Shafiya Choudhury.

Opec urged to pump more oil to avoid record prices
The Organization of Petroleum Exporting Countries (Opec) must increase supplies to avoid oil prices spiking to record levels, the Centre for Global Energy Studies said in a report published Monday.

Good corporate governance to boost investors' confidence
DCCI seminar told
Speakers at a seminar yesterday stressed the need for promoting effective corporate governance in the country to boost investors' confidence.

Indices slide on profit taking
After eight days of steady gains, price indices on the Dhaka Stock Exchange (DSE) slipped back yesterday as investors rushed to take profits. The DSE General Index went down by 32.91 points, or 1.

Mutual Trust Bank approves 20pc cash, 5pc stock dividends
Mutual Trust Bank Ltd has approved a 20 percent cash dividend and a 5 percent stock dividend for the year 2006.

Square to export medicine to UK
Square Pharmaceuticals Ltd has got permission to export medicine to the United Kingdom (UK).

UAE minister visits Warid Telecom office
Visiting Labour Minister of the United Arab Emirates Dr Ali Bin Abdullah Al-Kaabi yesterday paid a visit to the office of Warid Telecom, the recently launched fifth private mobile phone operator of the

New chairman of sugar, food industries corp
Kabir M Ashraf Alam, additional secretary to the government, took over as the chairman of Bangladesh Sugar and Food Industries Corporation under industries ministry on May 17, 2007.

AmCham's new president, vice president
Syed Ershad Ahmed has been elected the new president of American Chamber of Commerce (AmCham) in Bangladesh with effect from May 15, 2007.

Bangladesh Lamps declares 30pc cash dividend
Bangladesh Lamps Ltd, the official licensee of Philips Electronics NV Holland for lighting products and manufacturer of Philips brand electric bulbs, has declared a 30 percent cash dividend.

Trade talks collapse would boost protectionism: Blair
British Prime Minister Tony Blair warned Monday that the possible collapse of world trade talks would boost protectionism and said he was doing all he could to secure a deal.

Gulf single currency in doubt as Kuwait dumps dollar
Kuwait's decision to stop pegging its dinar to the dollar has only confirmed speculation that oil-rich Gulf states will not be able to meet a 2010 target to launch their single currency, economists said

Siemens names new boss
German engineering giant Siemens on Sunday announced it had hired an Austrian pharmaceutical specialist as its new chief executive, a surprise choice for the firm dogged by corruption scandals.

Currency