The Daily Star: Internet Edition Thu. May 24, 2007

Vol. 5 Num 1058

Thu. May 24, 2007


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Business

BB for co-ordination of revenue, trade, monetary policies to curb inflation
The central bank chief yesterday suggested co-ordination between revenue, trade and monetary policies to keep checking soaring inflation.

Share Price Manipulation
Arrest warrants against BD Welding directors, MD, weekly editor
A Dhaka court has issued arrest warrants against the board of directors and managing director of Bangladesh Welding Electrodes Limited (BD Welding) and editor of a weekly following a case filed against

Investment mission goes to Canada, Europe tomorrow
NRBs main target
In a bid to attract investment from expatriate Bangladeshis, a government delegation will leave for Canada and Europe tomorrow, according to official sources.

KCCI urged to help up local investment in Mongla EPZ
Executive Chairman of the Bangladesh Export Processing Zones Authority Brigadier General Ashraf Abdullah Yusuf called on the Khulna Chamber of Commerce and Industry yesterday to help increase local investment

Sugarcane farmers seek policies to up sugar output
Sugarcane growers yesterday called for policies to encourage sugarcane farming to increase sugar production.

Indian port users postpone agitation in Benapole port
Eight export-import organisations of India yesterday postponed their programme to suspend commercial activities for two hours through Benapole port following a meeting with authorities.

EU urged to take more responsibility for ship breaking in S Asia
The European Union was urged Tuesday to take more responsibility for breaking up old ships to reduce the pollution and safety problems that arise when they are dismantled in South Asia.

US, China clash over reforms
The United States told China Tuesday that it was becoming impatient with the Asian giant's lagging economic reforms but Beijing warned Washington against politicizing their trade relations.

China, India Asia's top merger, acquisition destinations
China and India are Asia's top destination for financial services mergers and acquisitions, a survey said Wednesday, underscoring the huge potential of their burgeoning financial sectors.

EC to give Bangladesh $270m in 4 yrs
European Commission (EC) Ambassador to Bangladesh Dr Stefan Frowein Tuesday said trade and economic development would help Bangladesh meet the challenges of globalisation and lift more people out of destitution.

BIFC okays 15pc cash dividend
Bangladesh Industrial Finance Company Ltd (BIFC) approved a 15 percent cash dividend for the year 2006, says a press release.

Symantec, Huawei to form joint venture
Symantec Corp and Huawei Technologies Co Ltd (Huawei) has announced to form a joint venture company to develop and distribute security and storage appliances for global telecommunications carriers and

Japan's Kobe Steel to start low-cost production in India
Japan's Kobe Steel Ltd. plans to launch Indian production of steel by 2009 using its technology to keep raw material costs down to a third of current levels, a report said Wednesday.

Telenor to withdraw from Nasdaq
The Norwegian telecommunications operator Telenor said Tuesday it would withdraw from the US high technology stock market Nasdaq because US regulations were too expensive and burdensome.

India must deepen reforms to sustain growth: WTO
India must carry out further reforms in agriculture, and open up the country's maritime transport and energy sector to competition if it is to sustain its "impressive" economic growth, the World Trade

New chairman of Prime Bank
Azam J Chowdhury has been elected chairman of Prime Bank Ltd for two-year term with effect from June 1, 2007.

Samsung ties up with 4 firms to develop technology
South Korean semiconductor giant Samsung Electronics announced an alliance Wednesday with four other firms to develop new technology.

Singapore Airlines to buy 25pc stake in China Eastern
Struggling China Eastern Airlines is set to sell a 25-percent stake to Singapore Airlines, getting a much needed lifeline as one of the world's top carriers gains access to the huge Chinese market.

Currency