The Daily Star: Internet Edition Thu. June 07, 2007

Vol. 5 Num 1072

Thu. June 07, 2007


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Business

Remittance set to cross $ 6b this fiscal year
With a continuous growth in remittance in the last four months, the country's remittance inflow is set to cross US$ 6 billion this fiscal year.

'Local IT professionals may find jobs in Denmark'
BASIS, ITB sign MoU on IT development
Bangladeshi IT specialists could find attractive employment opportunities in Denmark as the European country's growing IT sector needs a huge number of professionals, Danish Ambassador to Bangladesh Einar

SAP India eyes Bangladesh's business software market
Executives of SAP India, a global leader for providing business software solutions, yesterday identified Bangladesh as a potential next-door destination of its services as they consider that the country's

Compliance with WTO rules creates problems for LDCs
Seminar told
Compliance with WTO rules and regulations creates problems for the least developed countries (LDCs), speakers told an international seminar here on Tuesday.

DSE General Index hits new high at 2024.23 points
With the Dhaka bourse witnessing a bullish trend for more than one month, the DSE General Index yesterday reached another all time high at 2024.23 points.

India's IT industry despairs over surging rupee
India's IT industry expressed serious concern Wednesday over the impact of the rupee's surge on export-dependent software exporters, already struggling with high costs.

Tata Steel eyes acquisitions in SE Asia
Tata Steel, India's largest steelmaker, may expand by buying firms in Southeast Asia after two major deals already this year including a takeover of Anglo-Dutch firm Corus, a report said Wednesday.

G8 must grasp trade deal now or risk it slipping away: WTO chief
Top industrialised nations must focus now on reaching a global trade deal or risk seeing the chance slip away, the head of the World Trade Organisation (WTO) warned on Wednesday.

FBCCI decides to change polls rules
The executive board of the country's apex trade body yesterday decided in principle to change rules relating to participation in its biennial election.

REHAB rejects brick makers' price claim
Real Estate and Housing Association of Bangladesh (REHAB) yesterday reiterated its claim that the present market price of quality bricks is Tk 5,000 (per thousand pieces), disagreeing with the manufacturers

Ctg container terminal sees record cargo handling
Chittagong Container Terminal (CCT) has witnessed a record cargo handling when 1,138 TEU (twenty-foot equivalent unit) containers were handled in 15 hours ending Monday morning.

HSBC gives $100m to combat global climate change
The HSBC Group announced recently a 5-year US$ 100 million HSBC Climate programme partnering with four environmental organisations to inspire action by individuals, businesses and governments worldwide

Former US vice president Al Gore to attend Global Brand Forum in S'pore
Al Gore, the former US vice president, environmentalist, author and Oscar Award winner, will make his first trip to Singapore in August this year to attend this year's Global Branch Forum, says a press

ADB issues $1b in global bonds
The Asian Development Bank said Tuesday it had returned to the US dollar bond market with a one-billion-dollar, 10-year global benchmark bond issue.

New MD of Jamuna Bank
Mohammed Lakiotullah joined Jamuna Bank Ltd as its managing director on Monday, says a press release. Prior to joining Jamuna Bank, Lakiotullah served Exim Bank as its founder managing director.

Euro inches up in Asia
The euro inched up in Asian trade Wednesday as the market waited to see how high the European Central Bank might raise interest rates in the coming months to curb inflation, dealers said.

BP plans bio-fuel project in Indonesia
British Petroleum is planning a bio-fuel project in Indonesia aimed at meeting future demand for cleaner energy, the company said Wednesday. "The plan is still at an early stage.

Currency