The Daily Star: Internet Edition Sun. July 15, 2007

Vol. 5 Num 1110

Sun. July 15, 2007


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Business

Donors now link aid for NGOs to reforms
Says IMF report on Bangladesh
Donor agencies now link aid flow for Bangladesh's non-governmental organisations (NGOs) to reforms in the sector, according to an International Monetary Fund (IMF) report.

Govt offers expats privilege for investment
Foreign Adviser Dr Iftekhar Ahmed Chowdhury held out government offer of special privilege for investment back in the country by Bangladeshi expatriates.

Platform launched to share brand, marketing insights
Bangladesh Brand Forum yesterday launched 'Marketers Meet' -- a platform to share recent brand and marketing insights in Bangladesh context.

Hot money influx 'cooling down' in China
The influx of speculative money from overseas, or hot money, into China's stock market is showing signs of slowdown thanks to recent cooling-down measures by the government, analysts said.

China launches Silk Market crackdown
A notorious Beijing counterfeit-goods emporium has ousted 150 merchants in its latest anti-piracy sweep, state media said Friday, but fake goods with foreign brand names remained openly available.

Oil prices push closer to all-time highs
Crude oil futures raced closer to all-time record highs Friday as speculative buying picked up amid tight US fuel supplies, analysts said.

Sarkozy, Merkel to tackle Airbus problems
The French president and German chancellor are to meet in the hometown of European plane maker Airbus, on Monday for talks on improving the management of its politically-charged parent company, EADS.

AKTEL offers gold coins to subscribers
As part of its 10th anniversary, mobile phone operator AKTEL yesterday launched a campaign titled 'The Golden Call' to offer gold coins to customers.

Efforts to achieve MDGs losing pace in South Asia
The efforts of South Asian countries in attaining the millennium development goals (MDGs) are losing momentum, revealed the South Asia MDGs report, Nepali National News Agency, RSS reported Saturday.

WTO rules against Japanese duties on ROK chip imports
The World Trade Organisation on Friday ruled that Japan's punitive tariffs on imports of semiconductors made by South Korean firm Hynix were illegal.

US may issue tougher safety import rules
The US Consumer Product Safety Commission is preparing regulatory proposals that could mandate broader inspections of imports and impose stiffer penalties for those who ignore the safety rules, The New

Canada to review foreign takeover rules
Canada said on Thursday it was creating a panel to review the government's rules on foreign takeovers, amid a flurry of bids for Canadian companies.

GE profit up
US conglomerate General Electric said Friday second-quarter net profit rose 10 percent to 5.4 billion dollars as its consumer finance and infrastructure arms offset losses from subprime mortgages.

New MD of ONE Bank
Farman R Chowdhury has taken over as the managing director of ONE Bank Ltd with effect from July 10, 2007.

IMF accepting applications for its chief until Aug 31
The International Monetary Fund on Thursday formally launched its appeal for candidates to replace managing director Rodrigo Rato and said it would accept applications until August 31.

Wall Street rides momentum to fresh record highs
Wall Street lifted to a second straight day of record highs Friday, riding momentum from a powerful rally in the prior session as investors shook off a weak US retail spending report and a spike in oil

ADB decides to create 20-year special fund for Pakistan
The Asian Development Bank (ADB) has decided to help create a 20-year 'Special Fund' for Pakistan aimed at extending a long-term source of funds for capacity building initiatives of various stakeholders

Proton won't be privatised, says minister
Malaysia has no plans to privatise national carmaker Proton and the issue of a strategic foreign partner for the troubled firm will be resolved as soon as possible, a minister said Thursday.