The Daily Star: Internet Edition Mon. August 06, 2007

Vol. 5 Num 1133

Mon. August 06, 2007


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Business

MCCI for policy review to woo FDI in industrial sector
The Metropolitan Chamber of Commerce and Industry (MCCI) has suggested that the government should review its policy so that foreign direct investment (FDI) is encouraged in the industrial sector.

Prescheduled berthing from today at Ctg port
A prescheduled berthing system, known as fixed day window berthing, comes into effect today at Chittagong Port.

Nokia launches 8 handsets in Bogra
Nokia launched eight cell phone sets in Bogra yesterday.

Record oil prices widen rich-poor gap
Record high oil prices, while having little effect on the world's industrialised nations and benefiting oil-producing emerging economies, are taking a toll on poor countries that rely on imports, analysts

Dethroned US carmakers' grip weakens
After two years of cost-cutting, profits are beginning to recover for General Motors and Ford but a soft economy is sharpening competition in the critical truck segment.

China economy may see slower growth in second half
China's economy may expand slightly slower in the second half of 2007 than the first half, an official with the State Information Center said Saturday.

New chairman, vice-chairman of Islamic banks forum
Islami Bank Bangladesh Chairman Prof Abu Nasser Muhammad Abduz Zaher and Exim Bank Chairman Nazrul Islam Majumder have been elected chairman and vice chairman of Islamic Banks Consultative Forum (IBCF),

US House okays taxes on oil firms
Declaring a new direction in energy policy, the House on Saturday approved $16 billion in taxes on oil companies, while providing billions of dollars in tax breaks and incentives for renewable energyand

Foot and Mouth Disease
British farmers fear repeat of 2001 devastation
British farmers watched anxiously Sunday as experts scrambled to prevent a repeat a full-on foot and mouth epidemic six years ago which devastated their industry.

African leaders in Malaysia to find way out of poverty
Zimbabwean President Robert Mugabe and other African and Southeast Asian leaders are meeting in Malaysia this week to draw up a plan to fight poverty and bolster economic ties.

Cambodia needs broader-based economy: WB
Cambodia's economy is too narrowly focused on its garment sector, World Bank chief Robert Zoellick said Sunday, suggesting it needs to build on its successes to draw investors to other industries.

Apollo Hospitals plans big India expansion
Apollo Hospitals has chartered out a massive expansion plan with multi-location hospitals in Mumbai and plans to set up a full-fledged orthopaedic hospital in Chennai soon, a top official of the company

Unemployment in Norway at record low
Registered unemployment in Norway was at a record low of 51,000 persons, or 2.1 percent of the total work force in July, said reports reaching here from Oslo yesterday.

Foreign tourists to China up 18.47pc
Nearly 12.12 million foreigners came to the Chinese mainland for sightseeing from January to June, up 18.

Currency