The Daily Star: Internet Edition Thu. July 26, 2007

Vol. 5 Num 1121

Thu. July 26, 2007


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Business

Ensure duty-free market access for Dhaka to achieve MDGs
Finance adviser urges developed nations
Finance and Planning Adviser Mirza Azizul Islam yesterday urged the developed nations to ensure duty and quota free market access to the least developed countries (LDCs), including Bangladesh, to achieve

DSE index crosses all time high mark
With the recent bullish trend in share prices, DSE General Index, benchmark index of the country's premier bourse, yesterday crossed 2400 mark closing at an all time high of 2422.54 points.

Shareholders want administrator for Delta Life Ins
Some general shareholders of Delta Life Insurance Company Ltd yesterday urged the government to appoint an 'administrator' for the company alleging that the present executive committee is illegal.

IMF hikes outlook for global growth to 5.2pc
The International Monetary Fund on Wednesday raised its world economic growth forecast for 2007 and 2008 to 5.2 percent, from 4.9 percent, led by robust expansion in China, India and Russia.

WTO farm trade proposals get lukewarm welcome
World Trade Organisation members including the United States and European Union gave a lukewarm welcome Tuesday to new proposals aimed at salvaging WTO talks on reducing barriers to agricultural trade.

Rupee Appreciation
India's textile exports dip 36pc in Q1
The appreciation of value of Indian currency has brought down the country's textile exports to about five billion dollars in the first quarter of the current financial year (2007-8), Textile MinisterShankersinh

BCSIR-PKSF MoU to work for poverty alleviation
Palli Karma Sahayak Foundation (PKSF) and Bangladesh Council of Scientific and Industrial Research (BCSIR) has agreed to cooperate each other in the field of poverty alleviation and economic development

Infosys wins outsourcing contract from Philips
India's second-largest software maker, Infosys Technologies, said Wednesday that it would buy the service centres of Royal Philips in three countries as part of a multi-million-dollar outsourcing contract.

Seminar on Shell industrial lubricants held
Ranks Petroleum Ltd, distributor of world-renowned Shell Lubricants in Bangladesh, yesterday organised a seminar on the technical aspects of industrial lubricants.

Good business governance stressed to sustain RMG competitiveness
Speakers at a seminar in Dhaka underscored the need for implementing good business governance through sharing global information on apparel market to sustain competitiveness.

Thai-Bangla chamber's new chief
K Habib Sattar has recently been elected the president of Bangladesh Thai Chamber of Commerce & Industry, says a press release.

City Bank's new DMD
Raihan Ul Ameen has recently joined The City Bank Ltd as deputy managing director (DMD) and chief operations officer (COO), says a press release.

Wal-Mart warns two Chinese suppliers over labour practices
US retail giant Wal-Mart Stores Inc said on Wednesday it has cautioned two of its Chinese suppliers amid allegations they exploited workers.

Hyundai to open plant in Thailand
Hyundai, South Korea's top automaker, said Wednesday that it is setting up a production facility in Thailand, in its first investment here since pulling out of the country after the 1997 Asian crisis.

Currency