The Daily Star: Internet Edition Tue. June 19, 2007

Vol. 5 Num 1084

Tue. June 19, 2007


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Business

Govt's debt service liability doubles in 5 years
Government's debt service liability (DSL) has almost doubled during the last five years.

Lack of strategy, exposure holds back Bangladesh IT
Says Danish expert
Although Bangladesh has potential to emerge as an offshore destination for international IT companies, it is lagging far behind due mainly to lack of proper strategy and exposure, remarked a Danish information

Singapore investors seek special economic zone
Singapore sought a special economic zone (SEZ) in Bangladesh for the Singaporean entrepreneurs to boost investment.

Latest devices, services unveiled at Nokia Connection 2007
Mobile phone giant Nokia unveiled its latest range of devices, solutions, applications and services with a vision to connect the people across the world who do not have telecommunications facility asNokia

Probe into irregularities in Malaysian jobs ordered
The government has instructed the labour wing of Bangladesh High Commission in Malaysia to investigate issues such as low and irregular payments and unemployment of Bangladeshi workers there.

NBR rewards 63 income tax officials
The National Board of Revenue (NBR) awarded Tk 1.18 crore to sixty-three employees of income tax department for better performances in revenue collection and checking tax dodging.

Mandelson urges EU nations to show flexibility in WTO talks
European Union Trade Commissioner Peter Mandelson urged the 27 EU nations on Monday to show flexibility at an upcoming meeting with major negotiating partners or risk the collapse of WTO talks.

Shipping Corp to build 30-storey building in Dhaka
Bangladesh Shipping Corporation (BSC) at a meeting here on Sunday approved a project to build a 30-storey commercial building in Dhaka.

Export earning marks 18.5pc rise in Jul-Apr
Country's export earnings in the first 10 months of the current fiscal 2006-07 stood at US $9912.79 million against the target of US$9990 million.

IMF reforms exchange-rate policies
The International Monetary Fund said Monday it is tightening the monitoring of exchange-rate policies, putting new focus on destabilizing risks to the global economy.

Shanghai set to overtake S'pore as world's busiest port
Shanghai is set to overtake Singapore as the world's busiest port in 2008 as the Chinese economy continues with its stellar growth, an executive of the city-state's port operator said in remarks published

Renata declares 50pc cash, 20pc stock dividends
Renata Ltd has declared 50 percent cash and 20 percent stock dividends (bonus share 1:5) for the year 2006.

Oil hovers at 9-month peak
The price of oil traded close to a nine-month peak in New York on Monday owing to concerns about fuel supplies in the United States where the summer driving season is underway.

New chairman, vice-chairman of Mutual Trust Bank
Samson H Chowdhury has been elected the new chairman and Dr Arif Dowla vice-chairman of Mutual Trust Bank Ltd.

Japan, Brunei sign free trade deal
Japan and Brunei on Monday signed a bilateral free trade agreement as Tokyo seeks stable energy supplies from the oil- and gas-rich country.

East African presidents in summit to expand trading bloc
Presidents from the East African Community (EAC) on Monday gathered in the Ugandan capital a one-day summit to oversee the expansion of the trading bloc to five members.

Currency