The Daily Star: Internet Edition Sat. May 26, 2007

Vol. 5 Num 1060

Sat. May 26, 2007


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Business

Saarc chamber talks ways to expedite Safta implementation
Saarc chamber yesterday discussed ways to expedite the Safta (South Asian Free Trade Area) implementation process to bolster regional trade and investment.

Two northern districts to come under tea plantation this year
The government is going to bring Lalmonirhat and Nilphamari under tea plantation to create job opportunities for the extreme poor in the monga (near famine situation)-prone northern districts.

Currency Row
China tells US lawmakers sanctions 'inappropriate'
Chinese Vice-Premier Wu Yi told US lawmakers here that it was "inappropriate" to impose sanctions against China over its allegedly undervalued currency, an official said Thursday.

CPD's diagnostic study on price of daily essentials: Recommendations
The recommendations to control the prices of essentials are extracted from the study titled 'Price of Daily Essentials: A Diagnostic Study of Recent Trends', which was conducted by the CPD (Centre for Policy Dialogue) for the Ministry of Commerce, Government of Bangladesh
Part I
(i) Define "Essential Commodities" and Enact "Supply and Regulation of Essential Commodities Ordinance".

SEDF-BGMEA initiative to up RMG competitiveness
IFC Advisory Services for South Asia -- the SouthAsia Enterprise Development Facility (SEDF) -- and Bangladesh Garment Manufacturers and Exporters Association (BGMEA) have jointly taken an initiativeto

Foreign investment should not be restricted: India
At a time when the rupee is appreciating against the dollar on rising capital inflows, the government on Thursday said high flow of foreign investment should not be restricted even if it leads to some

Grameenphone partners with UNAIDS to start campaign against AIDS
Mobile phone operator Grameenphone yesterday signed a memorandum of understanding (MoU) with UNAIDS, a joint initiative of the 10 United Nations agencies and the World Bank against AIDS, to launch a campaign

Japan's Hino Motors eyes truck plant in Colombia
Japan's largest truck maker Hino Motors Ltd. is considering building a factory in Colombia in an effort to expand sales in South America, a spokesman said Friday.

Singapore manufacturing output up 18.8pc in April
Singapore's manufacturing output rode strong growth from pharmaceuticals and shipbuilding-related activities to rise 18.8 percent in April compared with the same month last year, the government said Friday.

EU's ex-colonies stand firm in talks on new trade pacts
Poor African, Caribbean and Pacific countries warned the EU on Friday before talks over new trade pacts that they will not sign at any price a deal sweeping away their privileged access to Europe's markets.

Dhabi Group keen to invest in energy sector
UAE-based conglomerate Abu Dhabi Group has expressed interest to invest in the energy sector of Bangladesh and other sectors, says a press release.

China behind India in business process outsourcing space
China's push to become an alternate Business Process Outsourcing (BPO) hub for MNCs tackling soaring wages and high attrition rate in India remains a distant dream as its offshore market is developing

Weekly Currency Roundup
May 20-May 24, 2007
Local FX Market
The demand for US dollar was stable in the week.