The Daily Star: Internet Edition Sun. June 26, 2005

Vol. 5 Num 384

Sun. June 26, 2005


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Business

Govt mulling to turn Co-operative Bank into commercial bank
A proposal to turn the Co-operative Bank into a full-fledged commercial bank is under consideration, LGRD and Co-operatives Minister Abdul Mannan Bhuiyan said yesterday.

FBCCI election Aug 21
The biennial election to the Board of Directors of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) will be held on August 21 this year.

Shoe import probe causes trade friction: China
China on Saturday expressed strong opposition to an EU investigation into its shoe exports and accused Brussels of manipulating trade figures and causing trade friction.

Rise in oil prices hits airline tickets
The latest rise in oil prices, taking the price of a benchmark barrel past the 60-dollar mark for the first time, is having an impact on airline ticket prices as carriers slap on fresh fuel surcharges.

Green Line launches Scania buses today
Green Line Paribahan Limited, a private road transport company, is going to introduce Scania brand luxurious bus on Dhaka-Chittagong route from today.

Nestle launches new brand powdered milk
Nestle Bangladesh Limited yesterday launched a new product -- NIDO Growing up Milk -- for children aged between two and four.

Meghna Cement approves 25pc dividend
Meghna Cement Mills Ltd, a concern of Bashundhara Group, has declared a 25 percent dividend for its shareholders for the year 2004.

Intech Online okays 15pc bonus share
Intech Online Ltd has declared a 15 percent bonus share for its shareholders for the year 2004.

US finds 2nd case of mad cow disease
The US government Friday confirmed its second case of mad cow disease, prompting consumer groups to call for broader testing of cattle as the meat industry defended existing safeguards.

Humbert named Airbus chief
The European Aeronautic Defence and Space Company (EADS) has named Germany's Gustav Humbert the head of the aircraft maker Airbus.

Russia aims for WTO entry deal this year
Russia thinks it can reach a deal to join the World Trade Organisation (WTO) by the end of the year, but its trade partners must accept reasonable terms, Economy Minister German Gref said Friday.

Jago Corporation declares 5pc dividend
Jago Corporation Ltd, a Bangladesh-Taiwan joint venture company, has declared a five percent dividend for its shareholders for the year 2004.

Oil prices, yuan top agenda of EU-Asia finance meet
Asia and Europe's finance ministers are planning to call for stable oil prices in the face of surging oil costs which threaten global economic growth, delegates to a meeting said Saturday.

Rich-state must end cotton subsidy: IMF
Rich countries must end subsidies to their cotton producers if African countries which grow the crop are to lift themselves from the spiral of poverty, the head of the IMF said Friday.

IBM to hire 14,000 in India
US tech giant IBM plans to increase its payroll in India this year by 14,000 workers as it cuts up to 13,000 jobs in Europe and the United States, a labor group said Friday.