The Daily Star: Internet Edition Wed. February 08, 2006

Vol. 5 Num 604

Wed. February 08, 2006


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Business

Political stability key to boosting economy
Ex-Filipino president Ramos says
The visiting former president of Philippines, Fidel Valdez Ramos, yesterday said political stability, security, and peace are key to a country's economic development.

Tata's proposed investment to benefit Bangladesh: ADB
Asian Development Bank (ADB) yesterday said Indian corporate giant Tata Group's investment proposals worth US$ 2.5 billion appear broadly viable, offering potentially significant economic benefits toBangladesh.

Dhaka, Hanoi agree to up bilateral trade
Bangladesh-Vietnam Joint Commission has agreed to boost bilateral trade and investment through various measures, including holding trade fairs in either country.

Bangladeshi firms get Tk 6cr order from India leather fair
Bangladeshi entrepreneurs bagged spot and potential orders worth Tk 6 crore in the four-day 'India International Leather Fair (IILF) held in Chennai from January 31.

BKMEA signs MoU with Pak hosiery makers
Pakistan Hosiery Manufacturers Association (PHMA) and Bangladesh Knitwear Manufacturers & Exporters Association (BKMEA) have agreed to work on boosting investment and commerce between the two countries.

New president of DSE
Abdullah Bokhari has been elected new president of Dhaka Stock Exchange (DSE) for the next one year.

Bank Asia's 21st branch opens in Ctg
M Syeduzzaman, chairman of Bank Asia, inaugurated the bank's 21st branch with online banking facility on Station Road in Chittagong on Monday, says a press release.

GP launches 'Business Solutions'in Khulna
GrameenPhone Ltd, the country's largest cellphone company, recently introduced its 'Business Solutions' service in Khulna, says a press release.

Oil prices slip
Oil prices weakened Tuesday on easing concerns over Iran's controversial nuclear energy program, dealers said. New York's main contract, light sweet crude for delivery in March, slid 35 cents to 64.

Indian president proposes Asia-Oceania trade bloc
Indian President Abdul Kalam on Tuesday proposed the creation of a single free trade bloc encompassing Asia and possibly Oceania, officials said.

Dollar falls against rivals
The dollar slipped Tuesday against the euro and yen on profit-taking but remained supported by expectations of further hikes to US interest rates, dealers said.