The Daily Star: Internet Edition Wed. June 13, 2007

Vol. 5 Num 1078

Wed. June 13, 2007


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Business

Tk700cr tax dodging if duty on handsets increased
Mobile phone manufacturers fear
On implementation of the supplementary duty proposed in the national budget for the 2007-2008 fiscal, mobile phone manufacturers and importers fear, there will be a tax dodging of Tk 700 crore through

SEC to allow stock dealers, brokers to do brokerage, dealership activities
The Securities and Exchange Commission (SEC) has decided to bring about changes in rules for allowing both the stock dealers and brokers to do brokerage and dealership activities.

Incorporate CSR issues in business schools' curricula
Seminar urged
Speakers at a seminar yesterday stressed incorporating corporate governance issues in the academic curricula in business schools of the country in order to make future corporate managers sensitive oncorporate

Developing countries stand by key demands in WTO talks
Developing countries vowed Monday to stand their ground on key principles in deadlocked global trade talks, a week before four World Trade Organisation powers are to make yet another bid to unlock the

DSE tumbles amid late rush by individual investors
Shares at Dhaka Stock Exchange fell sharply for the second consecutive day yesterday amid late rush by individual investors after institutional investors.

Benapole trade suspended as Indian traders enforce strike
Export-import through the Benapole land port remained suspended yesterday as the Indian traders observed strike in response to call of ruling CPM in West Bengal.

Protection of ME migrant workers from slavery demanded
A conference on migration has called for Middle East countries to adopt measures to protect migrant workers from modern-day slavery, especially Asians on whom many states are reliant.

Oil prices lower in Asia
Oil prices were lower in Asian trade Tuesday after sharp gains overnight on fresh concerns over US gasoline (petrol) supplies, dealers said.

Etihad plans non-stop Singapore-Abu Dhabi service
Etihad Airways, the national carrier of the United Arab Emirates, will begin non-stop services to Singapore in September, the carrier said Tuesday.

HeidelbergCement declares 21pc dividend
HeidelbergCement Bangladesh Ltd has declared a 21 percent dividend (16 percent cash and 5 percent stock) for the year 2006.

Islamic Finance approves 12.5pc cash dividend
Islamic Finance and Investment Ltd has approved a 12.5 percent cash dividend for the year 2006.

Citibank's workshop on int'l trade management
Citibank NA Bangladesh recently organised a workshop on 'International Trade Management' in Chittagong Export Processing Zone in a bid to make local trade practitioners well equipped for facing the global

New SEC member appointed
Mansur Alam has been appointed a member to the Securities and Exchange Commission (SEC) for a three-year term, according to a notification of the establishment ministry.

China warns of counter action over US trade bill
China warned Tuesday of unspecified countermeasures if the US Congress adopts a bill on Beijing's foreign exchange regime that could lead to higher US tariffs on Chinese imports.

Currency