The Daily Star: Internet Edition Fri. July 20, 2007

Vol. 5 Num 1115

Fri. July 20, 2007


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Business

FDI in limited sectors does a little for Bangladesh economy
UNCTAD LDC Report 2007 says
A UN report on least developed countries has pointed out that maximum foreign direct investments in Bangladesh now concentrates on some sectors like telecommunications, banking service or oil and gasexploration,

AB Bank, Euronet for joint venture on e-payment system
Arab Bangladesh Bank Ltd and Euronet Worldwide, the world's third biggest money transfer company, have expressed their intention to set up a joint venture company in Bangladesh to establish ATM and POS

Over Tk27cr tax on undeclared assets realised so far
The National Board of Revenue realised Tk 27 crore 39.50 lakh taxes on undeclared assets till yesterday, the board chairman, Badiur Rahman, told a conference in the port city yesterday.

World Bank to help expand EPZs
World Bank (WB) will finance to expand the country's export processing zones (EPZs) as a part of special economic zone, says a press release.

Independent body to protect coal suggested
Speakers at a discussion yesterday in Dhaka urged the government to form an organisation, namely 'Coal Bangla', which will be responsible for mining, producing, distributing and preserving the country's

Bush targets import safety amid China worries
US President George W. Bush ordered top aides Wednesday to review the safety of imports into the United States amid public outrage over a series of health scares centered on goods from China.

IIDFC arranges Tk 168cr for Warid Telecom
Industrial and Infrastructure Development Finance Company (IIDFC) Ltd with the help of nine banks has arranged a Tk 168 crore syndicated working capital facility for Warid Telecom International Ltd, which

Oil above $75
Oil prices extended their rise above $75 a barrel on Thursday as the market reacted to an unexpected decline in U.S. gasoline inventories.

Tata, Mahindra may bid for Land Rover, Jaguar
Indian automakers Tata Motors and the Mahindra group are considering separate bids to buy luxury British car brands Jaguar and Land Rover from struggling US carmaker Ford Motor Corp, according to media

Apollo Hospitals, Saudi embassy sign corporate agreement
Apollo Hospitals Dhaka and Saudi embassy in Bangladesh have recently entered into a corporate agreement under which employees of the embassy will get medical services at special rates and other corporate

Atab president reelected
MA Muhaimin Saleh, managing director of Saimon Overseas Ltd, has been elected president of Association of Travel Agents of Bangladesh (Atab) for the third term, says a press release.

Currency