The Daily Star: Internet Edition Tue. June 12, 2007

Vol. 5 Num 1077

Tue. June 12, 2007


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Business

Mobile subscriber growth to slow after 2009 as poor struggle to buy handsets
Grameenphone CFO says
Growth rates in Bangladesh's mobile telecom industry will slow after 2009 as poorer people will struggle to buy handsets and SIM cards, according to a senior official of Grameenphone, the country's largest

More Business Reaction to Proposed Budget
Govt urged to withdraw duty on machinery
Hailing the government for proposing a pro-people and welfare-oriented national budget for the next fiscal year 2007-08, more trade bodies have urged the government to reconsider the imposition of duty

An Analysis of the National Budget for FY2007-08
The analysis is prepared under the CPD (Centre for Policy Dialogue) programme: Independent Review of Bangladesh's Development (IRBD)

Call for energy security amid global uncertainties
Malaysian Prime Minister Abdullah Ahmad Badawi Monday urged cooperation amongst influential oil firms to promote energy security amid global uncertainties, especially in the oil-rich Middle East.

Telecom operators demand duty cut for PSTN equipment
Telecom operators have demanded reduction in the tax rate that has been proposed for PSTN (public switched telephone network) capital machineries in the new budget.

GMG to operate flights on another two int'l routes
Private airline company GMG yesterday got permission to run its flights on another two international routes, the United Arab Emirates and Pakistan, sources said.

Indonesian envoy visits Eskayef's new plant in Tongi
Warmas Hasan Saputra, Indonesia ambassador to Bangladesh, visited the new plant of Eskayef Bangladesh Ltd, a leading pharmaceuticals company in the country, in Tongi, Gazipur on Sunday.

Thailand Exhibition from tomorrow
A three-day fair titled Thailand Exhibition-2007 will begin tomorrow aiming to promote Thai products in Bangladesh.

110,000 euros German grant for NGOs
The German government has provided NGOs in Bangladesh with grants worth 110,000 euros to implement 17 small-scale development projects by November this year.

New chairman, vice chairman of NCC Bank
Tofazzal Hossain and ASM Mainuddin Monem have been elected chairman and vice chairman of National Credit and Commerce (NCC) Bank Ltd. Both of them are sponsor directors of the bank, says a pressrelease.

Huge deficit financing major risk in curbing inflation
Unnayan Onneshawn says
Since huge deficit financing from the domestic sources would impose further constraints on monetary authority to fight against inflation, the budget for the 2007-08 fiscal would make the macroeconomic

Currency