The Daily Star: Internet Edition Sun. July 29, 2007

Vol. 5 Num 1124

Sun. July 29, 2007


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Cellphone call charge highest Tk 2, lowest Tk 0.25
BTRC sets tariff ceiling
The country's telecoms watchdog has set a comprehensive tariff plan for all cellphone operators, asking them to keep call charges between Tk 2 and Tk 0.25 a minute.

WB discourages govt ownership in NCBs
The World Bank (WB) wants a proper process for privatisation of nationalised commercial banks (NCBs) so that government can retain a minimum share of its ownership in those, or, if possible, reduce such

Textile leaders demand lifting import duty, VAT from raw materials
Leaders of Bangladesh Textile Mills Association (BTMA) yesterday urged the government to withdraw the recently imposed import duty and VAT from textile raw materials.

FBCCI also needs institutional reforms
FBCCI also needs institutional reforms in line with the changing global business scenario, not just electoral reforms, speakers told a roundtable in Dhaka yesterday.

Lanka bans import of live birds from India
Sri Lanka on Saturday banned imports of live birds and chickens from India following an outbreak of bird flu in the neighbouring country, an official said.

Govt urged to check inflation
Economist Abul Barkat has urged the government to adopt short and long term policies to check inflation as living cost marked a sharp rise.

US House passes farm bill
The US House of Representatives on Friday passed a massive farm bill packed with consequences for global trade, despite a veto threat from President George W. Bush.

US growth jumps to 3.4pc, but economists still cautious
The US economy ramped up to a 3.4 percent growth rate in the second quarter, the government said Friday, but analysts said the pace may not be sustained over the rest of the year.

Every country should benefit from globalisation
Former French finance minister Dominique Strauss-Kahn, the European Union choice to lead the International Monetary Fund, said Friday that the IMF should help every country benefit from globalization.

Brazil welcomes WTO cotton ruling
Brazil welcomed Friday a preliminary World Trade Organisation report on US subsidies to its cotton growers, saying it upheld their complaint that Washington was not abiding by trade rules.

China to step up energy efficiency drive
China has announced plans to double spending on improving energy efficiency and slashing pollution, in an effort to combat its dismal environmental record.

Bajaj in talks with Renault for partnership
Indian two-wheeler maker Bajaj Auto said Saturday it was in talks with French automaker Renault for a business partnership.

Indian firms asked to go global
Finance Minister P Chidambaram Friday asked Indian companies to aspire to be among the top five global players in their respective sectors and assured them the government will help in raising capitalfor

Toshiba profits up fivefold in Q1
Japanese high-tech giant Toshiba said Friday net profit jumped more than fivefold to a first-quarter record, lifted by strong sales of memory chips used in music players such as Apple's iPod.

Airbus, Boeing set for talks in subsidy dispute
Airbus and Boeing, the world's two largest plane makers, said Friday they were prepared to hold talks on subsidy disputes filed before the World Trade Organization more than two years ago.

Suez Canal reports record revenues
Egypt's Suez Canal posted record revenues in the 2006-2007 fiscal year of more than four billion dollars, an annual increase of 17 percent, the authorities announced on Thursday.

Qatar Airways launches flight from Doha to Washington
Qatar Airways has recently launched its first flight to Washington DC from Doha as the airline unveiled its expansion plans across the USA, says a press release.