The Daily Star: Internet Edition Sun. June 24, 2007

Vol. 5 Num 1089

Sun. June 24, 2007


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Business

Delay in procurement process hampers timely execution of ADP
Finance adviser says
Development projects under the ADP (annual development programme) are not being implemented timely mainly because of delay in public procurement process, the finance adviser said yesterday.

Endorse BDR draft law to protect consumer rights
CAB urges govt
Country's consumer rights body has urged the government to consider enactment of a new draft proposal relating to safeguarding the cause of the consumers now severely hit by price spiral of essentials,

Budget proposals and essentials' prices
Containing essentials' price inflation has emerged as the stiffest challenge for the interim government; and so far it has not faced up to it well.

Japan plans multibillion-dollar investment for India
Japan is planning to invest billions of dollars in India through private funds and government loans to improve infrastructure in the rapidly growing economy, an official said Friday.

Oil hits nine-month peak; lead nails all-time high
Crude oil prices reached their highest levels for nine months this week, before paring gains on news of rising energy stockpiles in the United States.

WTO sets three-week window to get talks back on track
The 150 members of the World Trade Organisation will have three weeks in which to get multilateral talks back on track, in the wake of failed talks amongst four trading powers in Germany this week, trade

US economy 'uncomfortably' close to stalling: IMF
The US economy appears to be emerging from a period of sluggish growth but is "uncomfortably close" to the "stall speed" associated with past recessions, the International Monetary Fund said Friday.

US, ROK wrap up additional FTA talks
South Korean and US negotiators wrapped up their two-day meeting in Seoul on Friday over a free trade deal on a cautious note, Korea's top negotiator said.

IFIC Bank launches Visa credit card
IFIC Bank Ltd launched Visa brand credit cards yesterday, says a press release.

India says no future for group of four in WTO talks
India's trade minister said Friday there was no chance for a grouping of four key WTO members to break the deadlock in multilateral trade talks, a day after he walked out of negotiations in Germany.

Russia may enter WTO by year-end
Russia's accession to the World Trade Organization (WTO) will be completed by the end of this year, a senior Russian trade official said at an Internet conference Friday.

China backs Zoellick's WB nomination
China has given its backing to Robert Zoellick, a former top US trade negotiator, in his bid for the presidency of the World Bank, state media said Friday.

China's IT outsourcing has edge over India: Experts
China's information technology (IT) services outsourcing industry is poised to boom and enjoys distinct advantages over that of Inida due to huge domestic market and its close interaction with local clients

Brunei high commission, Apollo Hospitals sign corporate agreement
The employees of High Commission of Brunei Darussalam in Bangladesh will get medical services at special rates and other corporate benefits from Apollo Hospitals Dhaka.