The Daily Star: Internet Edition Mon. July 09, 2007

Vol. 5 Num 1104

Mon. July 09, 2007


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Business

FDI alone cannot play lead role in growth
Finance adviser says
Foreign direct investment (FDI) alone cannot play a lead role in a country's growth, finance and planning adviser said yesterday.

Bangladesh needs to make strategy to woo investment in power, transportation
Says Siemens head of Asia-Australia
Bangladesh needs to formulate a long-term strategy for power and transportation sectors to attract more investment, says Prof Dr Klaus Wucherer, head of Asia-Australia operations and member of the Siemens

Property price boom may blunt Singapore's edge
Soaring property prices in Singapore could erode its competitive edge, including against arch economic rival Hong Kong, the city-state's founding father said in remarks published Sunday.

World Chambers Competition Award for DCCI
The Dhaka Chamber of Commerce & Industry (DCCI) has achieved "2007 World Chambers Competition" Award in the category of Best Skills Development Programme organised by World Chambers Federation-ICC's Specialised

Thai stocks shrug off political woes
Over the last year, Thailand has suffered a coup, deadly bomb blasts in Bangkok, and a bloody spike in violence in a long-running separatist insurgency. But the stock market doesn't seem to care.

Indian plastic granules plant in Ishwardi EPZ soon
Indian company M/s Eco Polymers Limited will set up a plastic granules manufacturing industry in the Ishwardi Export Processing Zone with an investment of US$ 10.691 million.

GP launches missed call alert service
Grameenphone Ltd has launched a new helpful service called "Missed Call Alert" for all of its 'smile', 'xplore' and Business Solutions subscribers.

StanChart takes over banking operation at US embassy
Standard Chartered Bank took over the banking operation booth of US Embassy in Dhaka Thursday, says a press release.

Banglalink launches voice dialing service
Banglalink has launched a new service to provide its subscribers with various value-added services through voice dialing, says a press release.

Sony Ericsson unveils new handsets for local market
Mobile handset manufacturer Sony Ericsson yesterday formally launched four new handsets in local market. The new handsets are K200i, K220i, J110i and J120i, says a press release.

West African economic bloc faces bleak outlook in 2007
Lacklustre growth, ballooning petroleum imports, cotton sales hit by Western subsidies and a lingering political crisis in the region's former star economy have crippled a west African economic bloc.

Acer repair service launched
Executive Technologies Ltd (ETL), the local business partner of computer and accessories maker Acer, on Saturday launched a service to repair all Acer notebooks and desktops.

Bloomberg recognises EPL research on Bangladesh equity market
A research conducted by a local investment bank, Equity Partners Limited (EPL), has been approved by the Quality Control Department of Bloomberg, a New York-based firm specialised in financial news and

Currency