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Port
activities returned to normal
June
30, 2000
Chittagong
(UNB) – Operational activities at Chittagong Port resumed on Thursday
after 24 hours of disruption due to work stoppage by stevedore agents.
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Dhaka
City Corporation budget announced
June
30, 2000
Dhaka
(UNB) – Dhaka City Corporation yesterday announced a Tk 546.82 crore
budget for fiscal 2000-2001 with an allocation of Tk 395.38 crore for
development activities.
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Former
US diplomat in favor of gas export
June
30, 2000
Dhaka
(UNB)- A retired US diplomat has prescribed pipeline gas export to India
to transform some of gas into money Bangladesh needs to develop gas and
overall economy.
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Joint
project of IFAD, WFP and Bangladesh
June
30, 2000
Sherpur
(UNB) – A Tk 130-crore project was taken up aiming to raise living
standard of land-less, small and marginal farmers of Jamalpur, Sherpur and
Mymensingh districts.
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Yet
another Danish grant
June
30, 2000
Dhaka
(UNB) – Bangladesh will receive about Tk 47 crore as grant for
implementing “Small-holder Livestock Development Project” in five
southern districts of the country.
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"Northern
Triangle" to sign trade agreement
June
30, 2000
MEXICO
CITY (AP) - Mexico will sign a free trade agreement Thursday
with three Central American countries, the latest in a series of accords
before the government leaves office.
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DSE
closed slightly higher
June
30, 2000
Dhaka
(UNB) – Week’s trading at Dhaka Stock Exchange closed slightly higher
on Thursday as the gainers outnumbered the losers.
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CSE
declines by 0.01 percent
June
30, 2000
Chittagong
(UNB)– The main index at Chittagong Stock Exchange declined yesterday
although the gainers dominated the losers.
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Finance
Minister defends his budget
June
29, 2000
Sangsad
Bhaban (UNB) - Finance Minister Shah AMS Kibria in Parliament on Wednesday
ridiculed his critics saying he was on the right path of economic
management of the country.
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Finance
Bill 2000 passed in Parliament
June
29, 2000
Sangsad
(UNB)- The Finance Bill 2000, was passed in Parliament today with certain
amendments.
The
bill was adopted by the House by voice vote after incorporating certain
amendments proposed by Whip
Abdus Shahid. Finance
Minister Shah AMS Kibria accepted the amendments.
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Stranded
shrimps carried by Bangladeshi ships
June
29, 2000
Bagerhat (UNB)- Shipment of frozen shrimp from Mongla
Port has been expedited with intervention of the government that had
directed Bangladesh flag carriers to carry the shrimp containers.
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Prompt decision about gas export urgent
June
29, 2000
Dhaka (UNB)- State
Minister for Planning Dr Mohiuddin Khan Alamgir acknowledged the urgency
of a prompt decision about gas export, but said such a decision would be
democratic considering domestic need, reserve, exploration pace and market
prospect.
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Among
those from Aaa to C, Malaysia is Baa3
June
29, 2000
SINGAPORE
(AP) - Moody's Investors Service may upgrade Malaysia's sovereign credit
rating this year to reflect the positive outlook on its foreign currency
country ceilings since last October, the agency said Wednesday.
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Bank
holiday beginning fiscal year
June
29, 2000
Dhaka
(UNB) – Bangladesh Bank and all scheduled banks will remain closed for
transactions on July 1 (Saturday) on account of Bank Holiday, said a press
release yesterday.
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24th
AGM of Beximco Pharma held
June
29, 2000
Dhaka
(UNB) – Beximco Pharmaceuticals Limited has declared 20 per cent
dividend for its shareholders for the year 1999.
The
declaration came at the 24th annual general meeting of the
company held at Shabagh in the city Wednesday. The
company earned a gross profit of Tk 80.18 crore and net profit of Tk 41.33
crore in 1999, said a press release.
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DSE
index falls
June
29, 2000
Dhaka
(UNB) – Trading at Dhaka Stock Exchange closed lower yesterday as the
losers outnumbered the gainers.
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CSE
marked significant fall
June
29, 2000
Chittagong
(UNB)– As the losers dominated the gainers, the main index at Chittagong
Stock Exchange marked a significant fall.
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1st
private cement plant to operate from July
June
28, 2000
Sylhet
(UNB) – Ainpur Cement Factory, the country’s first private sector
cement plant, goes into operation in full swing on July 1.
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To bid or not to
bid, that is the question
June
28, 2000
FRANKFURT, Germany (AP) - Just a day after bidding
for South Korea's debt-ridden Daewoo Motor Co., the chairman of
DaimlerChrysler said in a Tuesday newspaper interview
that the U.S.-German automaker was interested only in
"attractive" parts of the company and not a full-blown takeover.
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Commerzbank
and Dresdner Bank planning merger
June
28, 2000
FRANKFURT ( AP) - As Commerzbank and Dresdner Bank
reportedly rush to decide by the end of July whether
to merge, the head of Commerzbank's biggest shareholder said in a
newspaper interview Tuesday he has reservations about an all-German combination.
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Asian
Business Briefs:
June
28, 2000
HONG
KONG (AP) - The Hong Kong stock exchange became the world's second bourse
to go public Tuesday when its shares made a strong debut on the main
board.
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Tea
market easier this week
June
28, 2000
Chittagong
(UNB) – Tea market was all round easier this week for lesser supports
from both internal and export-buyers with a fair amount of tea remained
unsold.
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DSE
index closes higher
June
28, 2000
Dhaka
(UNB) – Day’s trading at Dhaka Stock Exchange closed higher yesterday
(Tuesday) with the gainers outnumbering the losers.
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CSE index bullish
June
28, 2000
Chittagong (UNB)– Trading at the Chittagong Stock
Exchange finished higher on Tuesday as the gainers outnumbered the losers.
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6
of Europe’s top 10 companies are German
June
27, 2000
FRANKFURT
(AP) - German companies are Europe's heavyweights
when it comes to revenue, with DaimlerChrysler topping the list, according
to a new ranking released Monday.
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DSE
index rises slightly
June
27, 2000
Dhaka
(UNB) – Day’s trading at Dhaka Stock Exchange closed higher yesterday
(Monday) with a slight rise in its benchmark index.
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Gainers
outnumbered the losers at CSE
June
27, 2000
Chittagong
(UNB)– Trading at the Chittagong Stock Exchange finished higher
yesterday as the gainers outnumbered the losers.
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Private
sectors to be provided logistic support
June
26, 2000
Dhaka
(UNB)- Commerce Minister Abdul Jalil reaffirmed the government’s
commitment to provide the private sector adequate logistic support to help
it vigorously act as the engine of growth and survive global challenges.
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71
companies barred from automated trading
June
26, 2000
Dhaka, (UNB) – Some 71 listed companies, including seven banks, will be
barred from doing automated trading of shares as a penalty for defaulting
on dividends and annual general meetings.
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US
show begins at KCCI
June
26, 2000
Khulna
(UNB)
– A catalog exhibition of American goods begins at the conference room
of Khulna Chamber of Commerce and Industry (KCCI) Tuesday.
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Auction
of treasury bills
June
26, 2000
Dhaka (UNB)– The 94th 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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CSE down again
June
26, 2000
Chittagong,
(UNB)–
Trading at Chittagong Stock Exchange closed lower yesterday (Sunday) as the
losers strongly dominated the gainers.
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Central
Bank proposes lower interest rates
June
25, 2000
Dhaka,
June 24 (UNB)- Bangladesh Bank yesterday advised the private commercial
banks to examine the possibility of lowering the interest rate in line
with the nationalised commercial banks (NCBs).
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Shrimp stranded: No
carrying ships available
June
25, 2000
Some
121 containers of frozen shrimp ready for export remained stranded at
Mongla port for the last 20 days for want of ships.
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Shrimp
exporters demand vessels
June
25, 2000
Dhaka
(UNB) – Frozen food exporters of Khulna region yesterday (Saturday)
appealed for container vessels for shipping their exportable shrimp
stranded at Mongla Port for long.
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Week
begins “bearishly” at DSE
June
25, 2000
Dhaka
(UNB) – Week’s trading at Dhaka Stock Exchange began yesterday
(Saturday) with a fall in its benchmark as the losers strongly outnumbered
the gainers.
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CSE:
losers dominated the gainers
June
25, 2000
Chittagong,
June 24 (UNB) – Although the losers dominated the gainers, trading at
Chittagong Stock Exchange began yesterday (Saturday) with a significant
rise in its benchmark index.
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Investment
Scenario in Bangladesh is Bright : BOI
June
24, 2000
Dhaka,
(UNB) – The number of registered industrial projects stood at
6,115 during present government’s rule with estimated investment of US$
11.52 billion.
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Korea grants Zero-Tariff access of eighty
items from LDCs
June
24, 2000
Dhaka,
(UNB)-
South Korea granted zero-tariff access of 80 items from 48 Least Developed
Countries, including Bangladesh, to its market creating immense
opportunity to reduce trade gap that has always been in favor of Seoul.
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Vajpayee government to push economic reforms
June
24, 2000
NEW
DELHI, (AP) - Prime Minister Atal Bihari Vajpayee's right-wing
coalition is expected to give a new thrust to privatization
of state-owned companies despite a stiff resistance from
trade unions and leftist groups.
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U.S. Ambassador predicts rush of investors
when India opens up
June
24, 2000
NEW
DELHI, (AP) - U.S. Ambassador Richard Celeste said Friday
that Americans would invest more than dlrs 1 billion in the Indian
insurance business shortly after it is opened to free competition
this year.
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Clinton
to increase mammoth budget surplus
June
23, 2000
WASHINGTON
(AP) - U.S. President Bill Clinton is preparing to announce a mammoth dlrs
1 trillion increase in the administration's 10-year budget surplus
projection, and will propose using it for faster
debt reduction, beefed up Medicare benefits and deeper tax cuts, Democrats
say.
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Transparent
oil prices made opaque at OPEC meet
June
22, 2000
VIENNA,
(AP) - OPEC oil ministers held informal discussions
Wednesday to move closer to an agreement to boost daily crude production
by at least half a million barrels above their quota set in March, but
markets judged this too marginal and crude prices soared to a 3 1/2-month
high on U.S. markets.
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Taiwanese
electronic products in great demand
June
22, 2000
TAIPEI,
(AP) - Strong demand for Taiwanese electronic products sent the island's
May export orders soaring to a record high, extending a double-digit
growth streak to eight months, the government said Wednesday.
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Asian
economies recovering faster than expected
June
22, 2000
TOKYO,
(AP) - Southeast Asian economies are recovering faster than expected on
strong exports of components such as semiconductors and computers, the
Japanese government said Wednesday.
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CSE
index ends higher
June
22, 2000
Chittagong,
June 21 (UNB) – The main index at Chittagong Stock Exchange ended higher
today amidst robust trading.
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Gainers
outnumber losers at DSE
June
22, 2000
Dhaka,
June 21 (UNB) – Trading at Dhaka Stock Exchange closed higher today
posting a significant gain in its benchmark as the gainers strongly
outnumbered the losers.
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