The Daily Star: Internet Edition Fri. January 20, 2006

Vol. 5 Num 585

Fri. January 20, 2006


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Business

Foreign ministry to take steps to get TRADE bill passed
Morshed Khan tells apparel makers
The foreign ministry will take necessary steps to get TRADE bill passed in US Congress to gain duty-free access to US market before the next WTO talks to be held in Geneva in April.

StanChart eyes mass market in Bangladesh
Kai Nargolwala talks to The Daily Star
Kai Nargolwala, chairman of Wholesale Bank of Standard Chartered Plc and Group executive director, yesterday said the bank is now focussing on the mass market aiming at the lower segment of the society

Biggest aviation deal in India
Jet Airways buys Air Sahara for $500m
India's largest private air carrier Jet Airways has bought over loss-making Air Sahara for about $500 million in the biggest acquisition deal in the country's civil aviation industry.

India on threshold of a new era of higher growth
Eyeing a "do-able" eight percent economic growth, Indian Prime Minister Manmohan Singh on Wednesday exuded confidence that India was on the "threshold of a new era of higher growth" while committing to

Safta
1,183 items on Pakistan sensitive list
Pakistan commerce ministry has decided to maintain a sensitive list of Pakistan containing 1,183 items on which it will not allow any tariff concession to other contracting states of Saarc under the South

British trade mission arrives tomorrow
A high-profile British trade mission will arrive here Saturday on a three-day visit with its eyes on Bangladesh ceramic sector.

Beximco Pharma debuts in Lankan drug market
In a massive business expansion move in Asia, leading drug manufacturer in Bangladesh Beximco Pharmaceuticals Limited has launched exports to Sri Lanka.

Local businesses urged to visit India plastic fair
Organisers of an international plastic exhibition have urged Bangladeshi industry people to visit the fair to be held from February 9 to 14 in India.

China leads Asia in productivity growth
China leads Asian productivity with an average rate of 8.7 percent since 2000, more than double than that of India at 4.1 percent, a report by a global business research firm has said.

Cairn Energy CEO due Saturday
Sir Bill Gammell, chief executive officer of Cairn Energy, shall be visiting Bangladesh from Saturday, says a press release.

Microsoft to invest $100m a year in China
Microsoft Corp will invest about 100 million dollars annually over the next three to five years in China, the world's second largest Internet market with 111 million users, state press reported Thursday.

Oil prices firmer in Asian trade
Oil prices were slightly firmer in Asian trade Thursday on persistent concerns over real and potential supply problems in key producers Iran and Nigeria, dealers said.

Three models of Toshiba notebook PC launched
Three new models of Toshiba notebook PC were launched in Dhaka.

Pubali Bank opens broker house
In a bid to perform securities trading business successfully, Pubali Bank Ltd recently opened securities trading (broker house).

Malaysia, Chile to explore FTA
Malaysia and Chile on Thursday announced moves towards a free trade agreement in what could be the first such deal for Malaysia with a Latin American country.