The Daily Star: Internet Edition Sun. August 05, 2007

Vol. 5 Num 1131

Sun. August 05, 2007


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Business

Obey corporate rules to avert financial disaster
Finance adviser asks businesses
The finance adviser has urged the corporate houses to go by rules and regulations to avert possible financial disaster.

Make flood donation money tax-free
BGMEA urges govt
BGMEA yesterday urged the government to keep the donation money for the flood victims out of tax-net so that the business community can stand by the affected people to a larger extent.

Bangladesh may take lesson from Singapore housing
Singapore was faced with severe housing shortage because of rise in population during its early days.

Indo-Pak direct shipping link soon
India and Pakistan have put in place a new shipping protocol that will allow cargo ships to touch each others' ports directly.

China blacklists companies exporting low-quality goods
China has established a blacklist of companies that have violated rules on the quality of exports, the commerce ministry said Saturday amid growing global concern about the safety of China-made goods.

India eyes early pact with South Africa to triple trade
India has made a strong plea for the early finalisation of a Preferential Trade Agreement (PTA) with South Africa to give a fresh boost to bilateral economic ties.

IDLC gets new name
IDLC Finance Ltd is the new name of Industrial Development Leasing Company (IDLC) of Bangladesh Ltd, a joint venture multi-product financial institution, according to a press release.

GP users to get discount at Japan-Bangla hospital
Subscribers of leading mobile phone operator Grameenphone (GP) Ltd will get medical services at special rates in Japan-Bangladesh Friendship Hospital, says a press release.

China's ship exports hit record $5.49b in first half
China's export volume of ships hit a record high of 5.

Myanmar bans poultry imports from India
Military-ruled Myanmar has banned poultry imports from India following an outbreak of bird flu last month in the neighbouring country, state media said Saturday.

Tata Steel to acquire 35pc in Mozambique coal project
Tata Steel Limited, India's largest private steel-maker, has announced it is acquiring a 35 per cent stake in a coal project in Mozambique for 85.7 million dollars.

Agriculture hit hard by floods in Nepal
Incessant rain followed by widespread floods and landslides have rendered loss of crops worth millions of rupees across Nepal, The Kathmandu Post reported Saturday.

IMF extends Iraq's standby credit by three months
The International Monetary Fund said it was extending a multimillion-dollar credit deal for Iraq by three months, citing economic progress despite raging violence in the US-occupied country.

Ford recalling $3.6m vehicles
Ford Motor Co. said Friday it is recalling 3.

New MD, chief consultant of Shahjalal Bank
Muhammad Ali has recently been appointed managing director (current charge) and M Kamaluddin Chowdhury chief executive consultant of Shahjalal Islami Bank Ltd, says a press release.

EU to ban UK livestock
The European Union is to ban British livestock and meat exports after the discovery of a case of foot and mouth disease in south-east England, government minister Ed Miliband told the BBC Saturday.

IMF chief's focus on Africa hailed
The African governors to the International Monetary Fund welcomed Friday a commitment by Dominique Strauss-Kahn, the European Union's candidate to head the IMf, to focus on Africa.

Indonesia, Japan to ink economic partnership deal
Japanese Prime Minister Shinzo Abe will sign the long-awaited Economic Partnership Agreement (EPA) during his visit to Jakarta later this month, marking another milestone in the development of the bilateral

UPS celebrates its 100-year anniversary
It started out in 1907 as the brainchild of two teenagers in a Seattle basement, whose fledgling messenger service made deliveries on foot or on bicycle. As UPS Inc.