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More Business News

July 22 to 31, 2000

July 15 to 21, 2000

July 9 to 14, 2000

July 1 to 8, 2000

June 22 to 30, 2000

June 15 to 21, 2000

June 8 to 14, 2000

June 1 to 7, 2000

May 22 to 31, 2000

May 15 to 21, 2000

May 8 to 14, 2000

May 1 to 7, 2000

April 22 to 30, 2000

April 15 to 21, 2000

April 8 to 14, 2000

April 1 to 7, 2000

March 2000

 

Remittance of expatriates

August 7, 2000 

  

Dhaka (UNB) - Bangladesh national living abroad remitted pound sterling 3.61 lakh and US dollar 6.96 lakh through foreign money orders (RMOs) in July

  

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Philippines-Bangladesh joint food-processing industry

August 7, 2000 

  

Dhaka (UNB) - The Philippines is interested in setting up food-processing industry here under joint venture utilising plenty of quality food, fruits and vegetables of Bangladesh.

 

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New 500-taka currency bill to be introduced

August 7, 2000 

  

Dhaka (UNB) - Bangladesh Bank will issue on August 10 a new 500-taka currency note with multifarious security texture in recto-verso printing and the denomination written in indelible ink.

 

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Most notorious quota buster wants Arab, Asian ties

August 7, 2000 

  

CARACAS, Venezuela (AP) - Members of the Organization of Petroleum Exporting Countries probably thought they'd never see the day when Venezuela, once the group's most notorious quota buster and most apathetic member, would try to promote deeper ties with Arab, African and Asian OPEC countries.

 

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Treasury bills auctioned

August 7, 2000 

  

Dhaka (UNB) - The 100th auction of the 28-day, 91-day, 182-day, 364-day, 2-year and 5-year treasury bills were held here yesterday (Sunday).

 

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DSE index up again

August 7, 2000 

  

Dhaka (UNB) - Trading at the Dhaka Stock Exchange closed higher yesterday (Sunday) as the gainers outnumbered the losers.

 

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Upswing continues at CSE

August 7, 2000 

  

Chittagong (UNB)- Upswing at the Chittagong Stock Exchange continued with a jump of 18.43 points in its benchmark index yesterday (Sunday).

 

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Frozen foods' export cross target despite EU ban

August 6, 2000 

  

Dhaka (UNB) - The EU ban-driven downtrend in frozen foods export since 1997-98 reversed last fiscal to boost over 25 per cent from the previous year's mark and crossed the target for the first time.

 

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DSE index rose by 5.95 points

August 6, 2000 

  

Dhaka (UNB) - Trading at the Dhaka Stock Exchange finished higher yesterday (Saturday) with the gainers outnumbering the losers.

 

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Gainers dominated the losers at CSE

August 6, 2000 

  

Chittagong (UNB) - As the gainers dominated the losers, Price index at Chittagong Stock Exchange marked a rise yesterday (Saturday).

 

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Monsanto to provide royalty-free licenses for "golden rice" development

August 5, 2000 

  

ST. LOUIS (AP) - Monsanto will provide royalty-free licenses of all its technology that could lead to further development of so-called "golden rice" and other rice varieties enriched with vitamin A.

 

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India charges 21 companies with tax fraud

August 5, 2000 

  

NEW DELHI (AP) - The government has charged 21 companies during the past three years with tax fraud over allegedly false claims for credits on payments of sales tax, Junior Finance Minister V. Dhananjaya Kumar told Parliament on Friday.

 

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Foreign portfolio investment in Philippines falls sharply

August 5, 2000 

  

MANILA (AP) - Foreign portfolio investment in the Philippines fell sharply in the first six months of this year according to central bank data released Friday that reflects the heavy losses on Manila's financial markets.

 

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US investors’ plant to boost up Jute sector

August 4, 2000 

  

Dhaka, Aug 3 (UNB) – When country’s jute sector is facing a setback, US investors is likely to set up a jute-based composite plant in Bangladesh with an estimated cost of one billion dollar.

 

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Energy and Mineral Resources Council dissolved

August 3, 2000 

  

Dhaka (UNB)- The government has dissolved the National Council for Energy and Mineral Resources, as it "appeared inoperative" three years after it was reconstituted.

 

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Domestic demand hinder tea export

August 3, 2000 

  

Dhaka (UNB) - Due to rising domestic demand, tea export suffered a major setback last fiscal with forex earning from the sector slashed by over 54 per cent compared to the previous year.

 

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'Toys R Us' motto: - toys are for US children

August 3, 2000 

  

NEW YORK (AP) - Toys R Us has announced plans to build the world's largest toy store, a 101,000-square-foot (9,090-square-meter) emporium with a life-size dollhouse and a 60-foot (18-meter)-tall Ferris wheel in Times Square.

 

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Asian stock markets close mostly higher

August 3, 2000 

  

HONG KONG (AP) - Asian stock markets closed mostly higher Wednesday, with Tokyo rallying on gains in technology stocks and Hong Kong rising amid easing fears of an imminent interest rate hike.

 

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Index rise despite turnover decrease

August 3, 2000 

  

Chittagong (UNB) - Price index at Chittagong Stock Exchange marked a rise yesterday (Wednesday) although the turnover both in terms of value and volume decreased.

 

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Tofail urges bankers, insurers to adopt Incoterms

August 2, 2000 

  

Dhaka (UNB) - Industries Minister Tofail Ahmed yesterday called upon the country's bankers and insurers to embrace updated international commercial terms (Incoterms) to bring dynamism in business.

 

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Export earnings exceed target

August 2, 2000 

  

Dhaka (UNB) - Country's export earning exceeded slightly the target of fiscal 1999-2000 registering 8.27 per cent up over the previous fiscal.

 

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Textile manufacturers fear SAARC rule on EU

August 2, 2000 

  

Dhaka (UNB) - Textile manufacturers have expressed grave concern over government's consent to the rule of SAARC regional cumulation for claiming GSP from EU that they fear will destroy local textile sector.

 

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DSE index falls slightly

August 2, 2000 

  

Dhaka (UNB) - The price index at Dhaka Stock Exchange marked 1.54 points further fall yesterday (Tuesday) despite the gainers outnumbered the losers.

 

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Government to give the farmers price incentives

August 1, 2000 

  

Dhaka (UNB) - As bumper crops knocked down market rates, the government decided to buy an additional one lakh tons of rice aiming to give the farmers price incentives.

 

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Russia's economy grew by 7 percent

August 1, 2000 

  

MOSCOW (AP) - Russia's economy grew by 7 percent over the first half of this year, a top Cabinet member said Monday, playing down fears that the economic growth is tapering off.

 

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DSE index downward

August 1, 2000 

  

Dhaka (UNB) - Trading at Dhaka Stock Exchange finished lower yesterday (Monday), shedding 5.92 points in its benchmark index.

 

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CSE index declines

August 1, 2000 

  

Chittagong (UNB) - Price index in Chittagong Stock Exchange finished lower yesterday as the losers dominated the gainers.

 

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