The Daily Star: Internet Edition Fri. May 25, 2007

Vol. 5 Num 1059

Fri. May 25, 2007


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Business

ADB offers new financing for big projects
BB to examine downside risks
Asian Development Bank (ADB) has offered a new loan arrangement to Bangladesh suitable for financing big projects, but Bangladesh Bank (BB) preferred examining the downside risks of the offer.

Retail investors asked to gain knowledge about stock market
Speakers at a seminar yesterday urged retail investors to acquire adequate knowledge about stock market before making any investment.

ADB's 3-year Assistance Programme
Focus on governance, infrastructure
Asian Development Bank (ADB) will promote growth, human development and good governance in Bangladesh during 2008-2010 with increased focus on power, gas, transport, education, urban development and regional

GP to sponsor upkeep of 5 wards, OT of Ahsania Mission cancer hospital
Adviser reminds firms of CSR
Grameenphone (GP), the leading cellphone company, has stretched its hand of cooperation to facilitate construction of the Dhaka Ahsania Mission Cancer Hospital.

Weak gasoline inventories send oil prices higher
Oil prices were higher in Asian trade Thursday after a US energy inventory report showed weak gasoline (petrol) supplies heading into the peak demand season, dealers said.

Executive body meet of Saarc chamber today
Dasho Ugen Tsechup Dorji, president of the Saarc Chamber of Commerce and Industry (SCCI), arrived here yesterday to attend a meeting of the South Asian trade body.

Emirates offers summer packages
Emirates' passengers looking forward to the Dubai Summer Surprises packages will be delighted to know that weeks of fun and excitement can be available from as little as $50, says a press release.

Global economic outlook good
Says OECD
The global economic outlook is good for this year and next, the OECD said Thursday, while insisting that governments must invest windfall tax revenues to avoid the "boom-bust" cycles of the past.

Thai AirAsia to raise fuel surcharge
Thailand's top budget carrier Thai AirAsia said Thursday it would raise a surcharge on international tickets to cope with the high cost of fuel and open two routes from Bangkok to China.

Currency