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Singapore-Japan
free trade study moving forward
April
30, 2000
SINGAPORE,
APR 29 (AP) - Singapore and Japan are making progress in their study
of setting up a free-trade agreement, officials said Saturday.
The
topic came up during a meeting between Prime Minister Goh Chok
Tong and Japanese Foreign Minister Yohei Kono, Goh's office said
in a statement.
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Ellison
surpasses Gates in key wealth benchmark
April
30, 2000
SAN
FRANCISCO, APR 29 (AP) - Oracle Corp.'s Larry Ellison has become technology's
top tycoon after a truly bad month at the Microsoft office
for Bill Gates.
Investors
have bailed out of Microsoft in the past four weeks, erasing
dlrs 27.1 billion of Gates' vast personal fortune, as he fights
the U.S. government's efforts to break up his computer software
empire.
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DSE
rises
April
30, 2000
Dhaka,
Apr 29 (UNB) - Week's trading at Dhaka Stock Exchange began today (Saturday)
marking a slight rise in its benchmark though the losers dominated over the
gainers.
All
Share Price Index at the country's main bourse rose by 0.65 points
or 0.12 per cent to close at 521.75 points from Thursday’s 521.10 points.
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CSE
falls
April
30, 2000
Chittagong,
Apr 29 (UNB) – Day’s trading at the Chittagong Stock Exchange finished
lower today (Saturday) posting a fall in its benchmark index.
All
Share Price Index at the country’s second bourse shed 2.08 points or 0.19
percent to close at 1093.49 points from Thursday’s 1095.57 points.
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BIMSTEC
for duty-free trade among member states
April
29, 2000
Dhaka,
Apr 28 (UNB)- Bangladesh expects quick decision from India about duty-free
market access of 25-category items as per a commitment made by Indian Prime
Minister during his Dhaka visit last year.
Commerce
Minister Abdul Jalil, who returned home from Delhi meeting of BIMSTEC trade
ministers, said his Indian counterpart, Murasoli Maran, assured him of
taking a decision ‘shortly.’
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Japan's
jobless rate remains at record high 4.9 percent
April
29, 2000
TOKYO,
APR 28 (UNB/AP) - Japan's unemployment rate in March stayed at a record
high 4.9 percent, but joblessness among men grew to its highest
level, the Management and Coordination Agency announced Friday.
The
overall figure was better than the 5.0 percent economists had forecast,
but the rise in the rate for men to 5.2 percent from February's
5.1 percent underscored the severity of the job situation.
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AT-and-T
Wireless makes strong debut, but fails to distract investors from inflation
April
29, 2000
NEW
YORK, APR 28 (UNB/AP) - Shares of the new AT-and-T Wireless Group made a
strong debut, offering further encouragement for
jittery investors, though not quite
distracting them from their preoccupation with inflation
and interest rates.
A
day after AT-and-T pulled off the biggest initial public offering
in U.S. history in a market with sudden disdain for IPOs, investors
wasted no time in embracing the wireless "tracking" stock
as it hit the open market Thursday.
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Unocal registered
investment amounting 362 ml US dollars
April
28, 2000
Dhaka,
Apr 27 (UNB) – US oil and gas exploration company Unocal formally
registered an investment amounting to 362 million US dollars with the
Board of Investment.
The
amount includes the company’s total investments, already made or
underway in the country so far.
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Uncertainty clouds
450MW Meghnaghat power plant
April
28, 2000
Dhaka,
Apr 27 (UNB)- Uncertainty clouds the proposed 450MW Meghnaghat power plant
as the implementing agency AES repeatedly declined to take over the
project site developed by Chinese experts.
CWHEC
completed the works of developing the site by November 15 last year and
the Power Development Board (PDB) asked AES to take over it from January 3
this year.
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DSE
rises
April
28, 2000
Dhaka,
Apr 27 (UNB) – Week’s at Dhaka Stock Exchange closed today marking a
rise in its benchmark.
All
Share Price Index at the country’s main bourse rose by 2.17 points or
0.41 per cent to close at 521.10 points from Wednesday’s 518.93 points.
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CSE
rises
April
28, 2000
Chittagong,
Apr 27 (UNB) – The price index at Chittagong Stock Exchange closed
higher today as the gainers outnumbered the losers.
All
Share Price index at the country’s second bourse rose by 8.74 points or
0.80 percent to close at 1095.57 points from 1086.84 points on Wednesday.
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UNB signed
agreement with ETV
April
28, 2000
Dhaka,
Apr 27 (UNB) – United News of Bangladesh (UNB) has signed an agreement
with Ekushey Television (ETV), the first non-government terrestrial and
satellite TV in the country.
As
per the agreement, UNB will supply international, national and rural news
including Associated Press (AP) stories and photos to ETV, effective from
May 24.
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Nasdaq announces
plan to open Canadian marketplace
April
28, 2000
NEW
YORK, APR 27 (AP) - The Nasdaq Stock Market, moving further
toward its goal of becoming a global trading network, announced plans
Wednesday to open a Canadian marketplace.
The
Nasdaq has previously announced plans to open marketplaces in Europe
and Japan.
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Stocks
slide; Dow tumbles 1.6 percent
April
28, 2000
NEW
YORK, APR 27 (AP) - Stocks tumbled Wednesday after the latest
sign of economic growth brought interest rate worries to the foreground
for the first time this week. Blue-chip stocks that have failed to live up
to the market's robust profit expectations led the decline.
On
Wall Street, the Dow Jones industrial average fell 179.32, or 1.6
percent, at 10,945.50.
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Tofail asked for
highest productivity
April
27, 2000
Dhaka,
Apr 26 (UNB) – Industries Minister Tofail Ahmed has asked the chief
executives of 11 organizations under his ministry to run their units with
highest productivity so that their products and services could earn
competitive edge with local and foreign markets.
“At
this age of free market economy, production units have to survive through
vertical and horizontal competitions with other public and private sector
enterprises in and outside the country,” Tofail said.
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Pvt
Board initiated offloading shares of two more companies.
April
27, 2000
Dhaka,
Apr 26 (UNB) - Privatization Board today initiated the process of
offloading government shares of two more multinational companies.
The
government has 50 percent shares of both Van Ommeren Tank Terminal
Bangladesh Ltd and International Oil Mill Ltd.
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Railway will
receive rails from India
April
27, 2000
Dhaka,
Apr 26 (UNB) – Bangladesh Railway will receive 10,700 metric tons of 90
pound “A” rails from India worth over Tk 27 crore for the conversion
of 34km metre-gauge railway between Joydevpur and Dhaka to a dual-gauge
link against Indian state credits.
An
agreement in this regard was signed between Bangladesh Railway and Steel
Authority of India here today (Wednesday).
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Bank holiday on May
1st
April
27, 2000
Dhaka,
Apr 26 (UNB) – Bangladesh Bank and other scheduled banks will remain
closed on Monday on the account of May Day, said a press release today.
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DSE
falls
April
27, 2000
Dhaka,
Apr 26 (UNB) – Trading at Dhaka Stock Exchange finished lower today
posting a slight fall in its benchmark.
All
Share Price Index at the country’s main bourse lost 0.54 points or 0.10
per cent to close at 518.93 points from Tuesday’s 519.47 points.
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CSE
falls
April
27, 2000
Chittagong,
Apr 26 (UNB) – The downward trend at Chittagong Stock Exchange continued
for the fourth straight day today as losers marginally outnumbered the
gainers.
All
Share Price index at the country’s second bourse shed 5.09 points or
0.46 percent to close at 1086.84 points from 1091.93 points on Tuesday.
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Asian
stock markets close lower
April
27, 2000
HONG
KONG, APR 26 (AP) - Most Asian stock markets closed lower on Wednesday,
with the key index in Tokyo falling to a four-month low after investors
cashed in on early gains.
Japan's
benchmark 225-issue Nikkei Stock Average shed 138.02 points,
or 0.8 percent, to close at 18,134.31 - its lowest point since closing at
18,080.38 points on Dec. 21. On Tuesday, the average closed down 207.82
points, or 1.1 percent.
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Sony to team with
Fujitsu, Hitachi in plasma display business
April
27, 2000
TOKYO,
APR 26 (AP) - Sony Corp. will join an alliance with two
other Japanese electronics makers, Fujitsu and Hitachi, to boost their
plasma-display panel businesses amid growing demand, the three
manufacturers said Wednesday.
Sony
will invest 5 billion yen (dlrs 47.3 million) to take a 15 percent
stake in Fujitsu Hitachi Plasma Display, established in
April
1999 to develop, manufacture and market the panels used for computer
monitors and TV sets.
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Taiwan's
largest chipmaker announces record profit
April
26, 2000
TAIPEI,
APR 25 (AP) - First-quarter earnings of the world's largest chipmaker rose a
record 147 percent as robust international demand fueled increased exports,
the company announced Tuesday.
Taiwan
Semiconductor Manufacturing Co. recorded a net profit of 10.09 billion
Taiwan dollars (U.S. dlrs 325 million) from 4.09 billion Taiwan dollars
(U.S. dlrs 132 million) during the same period last year, the company said.
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US
investment in Bangladesh would go to 2 billion dollars
April
26, 2000
Dhaka,
Apr 25 (UNB)- US Ambassador John C Holzman today (Tuesday) said American
investment in Bangladesh would go as high as 1.5 billion to 2 billion
dollars if the projects that are proposed and are on line could be
implemented.
“
In fact, we have a lot of successes” in US investment in Bangladesh,
which has increased to 750 million dollars, he said adding, “It will be
a lot more than that if the projects that are now on line and are proposed
go forward.”
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“NCBs
would be automated soon,” Governor
April
26, 2000
Dhaka,
Apr 25 (UNB) – Nationalised Commercial Banks would soon be automated
giving a big push to the budding software development bid.
“NCBs
can make a significant breakthrough in the IT sector” in next few
months, said Governor of Bangladesh Bank Dr Mohammad Forashuddin here
today (Tuesday).
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75 more plots in
CEPZ soon
April
26, 2000
Chittagong,
Apr 25 (UNB) – In an effort to attract more foreign investment,
authorities are planning to set up 75 more plots in Chittagong Export
Processing Zone (CEPZ) removing a 4-km power supply line installed in the
area.
Some
100 million US dollars are expected to be invested in the export
processing zone upon completion of its expansion works.
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DSE
rises
April
26, 2000
Dhaka,
Apr 25 (UNB) – After two days fall, the main index at the Dhaka Stock
Exchange marked a slight rise today (Tuesday) despite the losers dominated
over the gainers.
All
Share Price Index at the country’s main bourse gained 0.12 points or
0.02 per cent to close at 519.47 points from Monday’s 519.35 points.
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CSE
falls
April
26, 2000
Chittagong,
Apr 25 (UNB) – Trading at the Chittagong Stock Exchange closed lower
today (Tuesday) marking a slight fall in its benchmark as the losers
outnumbered the gainers.
All
Share Price index at the country’s second bourse dropped by 0.46 points
or 0.04 percent to close at 1091.93 points from 1092.39 points on Monday.
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Samsung
creditors approve Renault takeover of South Korean auto firm
April
26, 2000
SEOUL,
APR 25 (AP) - The creditors of Samsung Motors Inc. on Tuesday approved
French carmaker Renault's takeover of the bankrupt South Korean automative
firm, the chief creditor said.
Samsung's
16 creditor banks convened a meeting in Seoul after Renault reached a
tentative agreement to take over Samsung in negotiations in Paris this past
weekend.
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Chinese and South
African heads of state pledge cooperation
April
26, 2000
PRETORIA,
APR 25 (AP) - Chinese President Jiang Zemin and South
African president Thabo Mbeki agreed Tuesday not to interfere in the
internal affairs of other countries and to respect sovereignty.
During
Zemin's visit, the first by a Chinese head of state since South Africa and
the People's Republic of China established diplomatic relations on Jan. 1,
1998, a high-level binational commission was established to promote
dialogue and cooperation
between
the two countries. The United States and South Africa have established
a similar commission.
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Singapore Airlines
to buy 16.7% of Air New Zealand
April
26, 2000
SINGAPORE,
APR 25 (AP) - Singapore Airlines said Tuesday it had reached an agreement
with Brierley Investments, a major Air New Zealand shareholder, to acquire
a further 16.7 percent stake in the airline.
The
agreement raises Singapore Airlines' stake in Air New Zealand to
25 percent. Singapore Airlines acquired a 8.3 percent stake in the New
Zealand carrier on April 11.
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International
Paper bids dlrs 6.2 billion for Champion
April
26, 2000
NEW
YORK, APR 25 (AP) - International Paper Co., the world's leading paper
maker, is bidding dlrs 6.2 billion in cash and stock to acquire rival
Champion International Corp., hoping to unseat a competing offer from
Finnish paper company UPM-Kymmene.
Champion,
which is based in Connecticut, had agreed in February to be acquired by the
giant European forestry company, but a subsequent 20 percent slide in UPM's
share price caused the value of the UPM's all-stock offer to slip from dlrs
6.6 billion at the time it was announced to about dlrs 5 billion.
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DSE
falls
April
25, 2000
Dhaka,
Apr 24 (UNB) – The main index at the Dhaka Stock Exchange continued to
show downtrend for the second day today (Monday) as the losers dominated
the gainers.
All
Share price Index at the country’s main bourse shed 0.66 points or 0.12
percent to close at 519.35 points from Sunday’s 520.01 points.
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CSE
falls
April
25, 2000
Chittagong,
Apr 24 (UNB) – Downward trend at the Chittagong Stock Exchange continued
today (Monday) for the second straight day marking a slight fall in its
benchmark index.
All
Share Price index at the country’s second bourse shed 1.68 points or 0.15
percent to close at 1092.39 points from 1094.07 points on Sunday.
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Japan's
trade surplus declines in March
April
25, 2000
TOKYO,
APR 24 (AP) - Japan's trade surplus with the world fell nearly 15 percent in
March, the government said Monday, as higher oil prices and a recovering
economy boosted imports.
The
politically sensitive surplus with the United States, however,
rose as exports of Japanese fiber cable and automobiles surged and imports
of U.S.-made goods dropped.
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Major
Thai bank returns to profits first time since crisis
April
25, 2000
BANGKOK,
APR 24 (AP) - Thailand's third-largest commercial bank,
Thai Farmers Bank, has shown quarterly profits for the first time since the
Asian Crisis struck in 1997.
But
the country's largest bank, Bangkok Bank, remains mired in red
ink due to losses from problem loans.
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Home
minister with BGMEA leaders
April
24, 2000
Dhaka,
Apr 23 (UNB) – Opening special policing mechanisms for the garment
industry today, Home Minister Mohammad Nasim said extortionists from all
business sectors would be removed as they held businesspeople hostage.
The
mopping-up process has already started from the extortionist-ridden
transport sector successfully, he told the BGMEA leaders at the launch of
Law and Order Cell for the readymade garment sector in DMP and CMP areas.
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BB
auction held
April
24, 2000
Dhaka,
Apr 23 (UNB) – The 85th auction of the 28-day, 91-day, 182-day, 364-day,
2-year and 5-year Treasury Bills were held here today (Sunday).
Tk
1104.00 crore, Tk 5.00 crore, Tk 88.00 crore, Tk 104 crore, Tk 12.00 crore
were offered respectively for the 28-day, 91-day, 182-day, 364-day and
2-year bills.
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CSE
falls
April
24, 2000
Chittagong,
Apr 23 (UNB) - Trading at the Chittagong Stock Exchange finished lower
today (Sunday) posting 2.53 points fall in its benchmark.
All
Share Price index at the country’s second bourse shed 2.53 points or
0.23 percent to close at 1094.07 points from 1096.60 points on Saturday.
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Singapore's
consumer price index down for March
April
24, 2000
SINGAPORE,
APR 23 (AP) - Singapore's consumer price index for March was down 0.3
percent over February, reflecting cheaper food and lower transportation and
communication costs, the Department of Statistics said Sunday.
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Tax
evasion amounting to crores through Benapole
April
23, 2000
Jessore,
Apr 22 (UNB) – Incidents of tax evasion amounting to crores of taka
through Benapole land port have been detected recently.
Reliable
sources said an organised group of customs officials, Port officials,
C&F agents and transport workers at Benapole check post are carrying
out this sorts of dishonest activities for long.
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DSE
rises
April
23, 2000
Dhaka,
Apr 22 (UNB) – Trading at the Dhaka Stock Exchange closed higher today
(Saturday) marking slight rise in its benchmark indicator.
All
Share price Index at the country’s main bourse rose by 2.16 points or
0.41 points to close at 521.44 points from Thursday’s 519.28 points.
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CSE
rises
April
23, 2000
Chittagong,
Apr 22 (UNB) - Week’s trading at the Chittagong Stock Exchange began
today (Saturday) marking a slight rise at its benchmark as the gainers
dominated over the losers.
All
Share Price index at the country’s second bourse gained 2.21 points or
0.20 per cent to close at 1096.60 points from Thursday’s 1094.39 points.
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Microsoft's
insurance company balks at paying for third-party suits
April
23, 2000
SEATTLE,
APR 22 (AP) - Microsoft Corp.'s general insurer has asked a federal
court that it not be required to pay for legal bills stemming
from the tide of third-party antitrust lawsuits filed in the
wake of the U.S. Justice Department case.
Both
Microsoft and Zurich American Insurance Inc. confirmed Friday
that they have each filed suit against the other over the issue.
Zurich American, which filed first, contends Microsoft's liability
insurance simply does not cover antitrust issues.
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Euro
sinks to new low against dollar for second consecutive day
April
22, 2000
NEW
YORK, APR 21 (AP) - The euro fell to a new low Thursday for the second
consecutive session as the dollar staged a broad advance against major
currencies in quiet dealings.
The
single currency adopted last year by 11 European currencies
sank as low as 93.55 cents in afternoon trading in New York, just beneath
the low of 93.57 cents set Wednesday.
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