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

Vol. 5 Num 631

Wed. March 08, 2006


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Business

Remittance grows 24pc in eight months
Record $428m received in February
Remittance hit a record US$428 million in February, an all-time high in a single month, as the inflow grew by around 24 percent during July-February period of the current financial year.

Air Asia eager to start operations in Dhaka
Malaysia-based Air Asia is eager to start operations in Dhaka as the airline sees huge business prospects in Bangladesh.

Islamabad to go ahead with Iran-Pak-India gas pipeline
President Pervez Musharraf Monday said his government would go ahead with Iran-Pakistan-India gas pipeline and denied there was any US pressure on Islamabad to abandon the project.

Oil prices easier in Asian trade as Iran concerns cool
Oil prices continued easier in Asian trade Tuesday as the market adjusted to an apparent cooling of tensions over Iran and Opec's assurance that it will not cut production quotas, dealers said.

Netherlands opposed to plan for EU gas reserves policy
The Netherlands is not planning to hand over some of its control over its gas reserves as it is suggested in a plan of the European Union (EU), Dutch daily Financiele Dagblad reported Monday.

Australian PM vows to boost trade with India
Prime Minister John Howard said Tuesday Australia was on the threshold of a major expansion in trade with India as Asia seeks to challenge the West as the centre of global economic activity.

Malaysia lifts ban on US beef imports
Malaysia has lifted a ban on US beef imports in place for more than two years, to make up for a shortage after it restricted access to Australian and New Zealand beef, a report said Tuesday.

Citigroup, Shakti Foundation to help underprivileged women entrepreneurs
Citigroup, a leading global financial services organisation, has embarked on a new initiative with Shakti Foundation for Disadvantaged Women to support "Business Development Services" programme for underprivileged

GP signs deal with Mutual Group
Grameenphone Ltd has recently signed an agreement with the Mutual Group to provide complete communication facilities under its business solution package.