The Daily Star: Internet Edition Tue. August 07, 2007

Vol. 5 Num 1134

Tue. August 07, 2007


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Business

BIWTC to operate tour services
State-run Bangladesh Inland Water Transport Corporation (BIWTC) is going to operate tour services in a bid to find a new source of revenue and promote tourism as well.

One district one product programme
Govt support sought to develop new export items
In developing products as exportable ones to cater to international buyers' needs, stakeholders and experts have sought government's technical assistance.

Male-female wage disparity rising in RMG sector
CPD study finds
Wage disparity between male and female workers in the readymade garments (RMG) sector has increased during the recent years as salary growth of male labourers is comparatively high, according to a survey

Khagrachhari chamber inactive as most directors on the run
The top district trade body, Khagrachhari Chamber of Commerce and Industry, has virtually become inactive as most of its directors are on the run to avoid arrests in the wake of anti-graft drive.

Asian stocks fall again as US economic troubles mount
Frustrated investors resumed their sell-off on Asian stock markets Monday after poor US jobs data and growing fears over the US housing market knocked more than two percent off Wall Street.

Prescheduled berthing introduced at Ctg port
Chittagong Port Authority (CPA) yesterday introduced fixed day window berthing, a prescheduled berthing system of international standard, at the country's premier port.

Banks' support to revive jute sector stressed
The National Coordination Committee for Development of Jute and Jute Economy has underscored the need for providing special banking assistance for reviving the private and public sector jute mills inthe

PKSF, Practical Action to work on poverty alleviation
A memorandum of understanding (MoU) was signed between Palli Karma-Sahayak Foundation (PKSF) and Practical Action Bangladesh on Sunday in Dhaka to cooperate with each other in the field of poverty alleviation

Summit Power, IIDFC sign MoU
Summit Power Limited and IIDFC (Industrial and Infrastructure Development Finance Company Ltd) have signed a memorandum of understanding under which IIDFC will act as the lead arranger for raising fund

Eastern Bank launches SME loan product
In a bid to help promote small and medium entrepreneurship in the country, Eastern Bank Ltd has launched a new SME (small and medium enterprise) loan product styled 'EBL Uddyog', says a press release.

IFC-BEI seminar on promoting Competition
IFC Bangladesh Investment Climate Fund and Bangladesh Enterprise Institute (BEI) yesterday held a seminar on competition policy to highlight best practices and identify potential sectors in Bangladesh

Thai textile exporters seek incentives
Thai textile exporters have suggested that the government hold talks with trading partners to provide investment incentives if it is serious about encouraging exporters to channel foreign exchange out

Oil prices slip
Oil prices retreated in Asian trade Monday as investors took profits after the market's record run last week, dealers said.

Novartis loses key decision in India patent case
Swiss drug firm Novartis AG lost a key patent challenge case on Monday at a court in India's southern city of Chennai for its anti-cancer medicine Glivec, a court official said.

Currency