The Daily Star: Internet Edition Fri. July 13, 2007

Vol. 5 Num 1108

Fri. July 13, 2007


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Business

EPZs expect $300m investment in FY08
Aiming to register $800 million investment proposals in the current fiscal year, Bepza expects $300 million actual investment in the country's export processing zones (EPZs) by the end of 2007-08.

Open up international telecoms gateway
GSM Association urges govt
The government should open up the international telecommunication gateway to all operators for generating more revenue, says a study.

DCCI wants to turn its business institute into university
Dhaka Chamber of Commerce and Industry (DCCI) wants to turn its business institute into a full-fledged university for professionals.

Brazil files WTO complaint on US farm subsidies
Brazil Wednesday filed a complaint with the World Trade Organization (WTO) over US farm subsidies between 1999 and 2005, the Foreign Ministry said in a statement.

China to 'salvage' reputation on food, drug safety
China has announced fresh measures to ensure substandard drugs are stopped from reaching stores as it works to salvage its credibility following a raft of safety scandals, state press reported Thursday.

Dubai investment firm seeks Asian expansion
State-owned investment firm Dubai World is on the prowl for more investments in Asia, especially in the fast growing economies of China and India, its chairman said Thursday.

Imports up 14pc in FY07
Imports were up 14 percent to about US$ 16 billion during the last fiscal year (2006-07).

Butterfly celebrates 20th anniversary
Founded in 1987, Butterfly Marketing Ltd is celebrating its 20th anniversary this year, says a press release.

The company markets LG brand products in Bangladesh.

Qatar Airways launches Doha-NY flight
Qatar Airways has recently launched its first flight to New York to become the lone Middle East carrier flying directly into the United States, according to a press release.

Italian farmers protest against Chinese imports
About 1,000 Italian farmers gathered in Rome on Thursday to protest against a growing influx of Chinese food imports such as tomato paste that are competing heavily with local produce.

DBBL, UCBL sign deal on sharing ATM network
Customers of United Commercial Bank Ltd (UCBL) will be able to withdraw money from the ATM (automated teller machine) booths of Dutch-Bangla Bank Ltd (DBBL) and use DBBL's POS (point of sale) network.

Islami Bank gets 'AA' grade
Credit Rating Information and Services Limited (CRISL) has upgraded Long Term rating of Islami Bank Bangladesh Limited (IBBL) to 'AA' (pronounced as double 'A') from 'AA-' (pronounced as double 'A minus')

Beximco Pharma introduces spray for heart patients
Beximco Pharmaceuticals Ltd (BPL) has recently introduced Nitrosol®, an advanced propellant-driven lifesaving Glyceryl Trinitrate (GTN) spray, in Bangladesh, says a press release.

Thai banks to vet export customers
As the baht rose to a new 10-year high of 33.18 against the US dollar yesterday (July 11), closing at 33.32-33.

Market Access, Thailand-based VERB sign MoU
Market Access Providers Ltd (MAPL), a local marketing solution provider, has signed a memorandum of understanding (MoU) with Thailand-based VERB Company Ltd, an international events and activation company.