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Bangladesh invites Singaporean entrepreneurs
August 31, 2000
Singapore (UNB) - Industries Minister Tofail Ahmed yesterday invited the Singaporean entrepreneurs to relocate their industries in Bangladesh to make their business more competitive.
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Singaporean entrepreneurs critical about hartal
August 31, 2000
Singapore (UNB) - Singaporean entrepreneurs showed interest to invest in Bangladesh, but they were critical over political programmes like hartal and harassment by the Board of Investment.
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Bangladesh and Bhutan to bolster trade relations
August 31, 2000
Dhaka (UNB) – Bangladesh and Bhutan have agreed to work together to bolster their existing trade and investment relations.
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BARC Workshop on production
August 31, 2000
Dhaka (UNB) – Experts at a workshop here have emphasised on activating farming system research and development to boost production and ensure socio-economic development in the country.
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CIS (former Soviet bloc) show interest at tea-auction
August 31, 2000
Dhaka (UNB) – The weekly tea sale here Tuesday witnessed Pakistan and Afghanistan operating actively but generally at levels below last week.
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Bangladesh opts for global free-flow of labor
August 30, 2000
Dhaka (UNB) – The Government of Bangladesh, which sent more than 3 million workers abroad since 1976, has sought free flow of labour across the globe to share the benefits of
globalisation, saying “free flow of labour cannot remain blocked.”
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Seminar on Bangladesh-trade in Singapore today
August 30, 2000
Dhaka (UNB) – A seminar on “Investment and Trade opportunities in Bangladesh” will be held in Singapore today (Wednesday) to attract more investment from Singapore.
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US companies oppose denial of our privilege
August 29, 2000
Dhaka (UNB)- Leading American companies strongly opposed scrapping or modification of trading privileges for Bangladesh under the US Generalized System of Preferences programme, saying any such action will harm their investment in the country in a cascading impact.
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Request for credit interest exemption before yearend
August 29, 2000
Dhaka (UNB)- The Special Committee dealing with exemption of credit interest of sick industries requested the entrepreneurs to bring their unresolved cases to it before its tenure expires on December 31 this year.
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Investment proposals of about US$ 13.29 billion
August 28, 2000
Dhaka (UNB)- Investment proposals, both local and foreign, in four years of the present government increased 130 per cent to about US$ 13.29 billion over the previous five years' figure.
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Women entrepreneurs call on FBCCI president
August 28, 2000
Dhaka (UNB)- A seven-member delegation of Women Entrepreneurs Association of Bangladesh led by its president Nasrin Awal called on FBCCI president Abdul Awal Mintoo at his office here yesterday (Sunday).
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Greater privatization is a must for changes
August 28, 2000
Dhaka (UNB) - A former FBCCI president, who plans international air service in private sector, said greater privatization with integrated approach is a must for radical changes in the country's transportation system.
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CSE index remained bearish
August 28, 2000
Chittagong (UNB) - The main index at the Chittagong Stock Exchange marked a fall yesterday (Sunday) with the losers heavily dominating the gainers.
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Joint survey on gas reserve demanded
August 27, 2000
Dhaka (UNB) – FBCCI vice-president MA Mumin yesterday demanded a joint survey by Petrobangla and an internationally reputed
organisation, preferably non-American one, for a realistic assessment of the country’s gas reserve.
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Illegal fishing at Tangaur Lake
August 27, 2000
Dhaka (UNB)- A meeting of the Parliamentary Standing Committee on Land Ministry yesterday discussed steps taken by the government on Tanguar Haor in Sunamganj as per earlier decision of the committee.
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National Bank Limited announce dividend
August 27, 2000
Dhaka (UNB)- National Bank Ltd is going to declare its highest ever 20 percent dividend to its shareholders sometime in November.
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DSE closes higher
August 27, 2000
Dhaka (UNB) – Trading at the Dhaka Stock Exchange closed higher yesterday (Saturday) marking a rise in its benchmark index.
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Upward trend at CSE
August 27, 2000
Chittagong (UNB) – Day’s trading at Chittagong Stock Exchange finished higher yesterday (Saturday) with the gainers outnumbering the losers.
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Mitsubishi to face criminal charges, but some shrug scandal off
August 26, 2000
By YURI KAGEYAMA
AP Business Writer
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Asia Business Briefs
August 26, 2000
TOKYO, AUG 25 (UNB/AP) - Japan's Bridgestone Corp. said Friday group net profit tumbled 48.5 percent in the first six months of the fiscal year on expenses incurred from its massive tire recall in the United
States.
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Japanese help sought for setting up urea factory
August 25, 2000
Dhaka (UNB) – Industries Minister Tofail Ahmed has requested the Japanese government to set up another urea factory in Bangladesh to meet the growing demand of fertilizer.
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Board of Revenue urged to break monopoly of PSI
August 25, 2000
Dhaka (UNB) – Country’s apex trade body FBCCI yesterday urged National Board of Revenue to break monopoly of the Pre-shipment Inspection companies for facilitating businessmen to get competitive services.
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30.19 million Kroner grant from Denmark
August 25, 2000
Dhaka (UNB) – Bangladesh will receive 30.19 million Danish Kroner equivalent to about Tk 21 crore as grant from Denmark under two separate agreements signed here yesterday (Thursday).
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Bangladesh propose land link within South Asia
August 25, 2000
Dhaka (UNB) – Bangladesh businesspeople called for building rail and road networks connecting important areas within South Asia for overall economic development of the region.
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Afghan and Pak buyers active at tea-market
August 25, 2000
Chittagong (UNB) – The weekly tea sale here Wednesday saw buyers from Pakistan and Afghanistan continuing to operate actively, especially for well-made and good liquoring types.
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Licenses of 8 moneychangers cancelled
August 25, 2000
Dhaka (UNB) – The central bank has cancelled the licenses of eight more private moneychanger firms for various reasons.
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Modernization project for Karnafuli Paper Mills
August 24, 2000
Chandraghona (UNB) - The government will undertake a Tk400 crore balancing modernisation rehabilitation and expansion (BMRE) project for Karnafuli Paper Mills (KPM) to enhance its annual the production capacity by 20,000 tons.
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Malaysia's economy grows by 8.8 percent
August 24, 2000
KUALA LUMPUR (AP) - Malaysia's economy expanded 8.8 percent in the second quarter of 2000 compared to the same period last year, the central bank announced Wednesday.
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Finance Minister draws attention to domestic market
August 23, 2000
Gazipur (UNB) – Finance Minister Shah AMS Kibria yesterday suggested local entrepreneurs to give greater attention to domestic market in undertaking industrial ventures and assured all possible government help in this regard.
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Three-day Indian textile exhibition begins
August 23, 2000
Dhaka (UNB) – Foreign Minister Abdus Samad Azad yesterday (Tuesday) said Bangladesh-India trade interdependence should be picked up, but by addressing the growing trade imbalance objectively.
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Moneychangers suggest reintroduction of “auction sale”
August 23, 2000
Dhaka (UNB) – Moneychangers have suggested reintroduction of “auction sale” of foreign currency to check `hundi’ transfer and encourage official inflow of foreign remittance to raise the country’s poor foreign exchange reserve.
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Chittagong port to remain inactive for 4 days
August 23, 2000
Chittagong (UNB) – The port city of Chittagong will virtually be closed for four days beginning today (Wednesday) affecting economic activities.
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EU urges OPEC to increase production
August 23, 2000
BRUSSELS (AP) - The European Union asked the
Organization of Petroleum Exporting Countries on Tuesday to increase
oil production to bring down prices.
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Disruption of port activities
August 22, 2000
Chittagong (UNB)- Loading and unloading in Chittagong Port remained suspended yesterday as unruly port labour organisation struck work protesting postponement of CBA election.
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Port situation may hamper export
August 22, 2000
Dhaka (UNB)- Major associations of exporters, voicing their common concern over disruptive activity at Chittagong Port, feared country’s export business might face serious setbacks if the problem continued.
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Tea council seeks loan from government
August 22, 2000
Sylhet (UNB) – Struggling to give a boost to the tea industry, Bangladeshi Tea Council (BTC) seeks a Tk 20 crore soft-term loan from the government.
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6
sector corporations’ 6-point demand
August
21, 2000
Dhaka
(UNB) – Industries Minister Tofail Ahmed urged CBA leaders of
various sector corporations to increase production and overall
productivity to establish a healthy economic environment in the
corporations.
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Hasina seeks Japanese investment
August 20, 2000
Dhaka, Aug 19 (UNB) – Prime Minister Sheikh Hasina invited Japanese entrepreneurs to invest more in Bangladesh to cash in on an attractive package of incentives on offer for foreign investors.
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Costa Rica supports Taiwan's bid to join WTO, UN
August 20, 2000
SAN JOSE, Costa Rica (AP) - Costa Rica's president expressed
support Friday for Taiwan's bid to become part of the United Nations
and the World Trade Organization during a visit by the leader of the
Asian island.
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Four agreements signed between Bangladesh and Japan
August 19, 2000
Dhaka, Aug 18 (UNB) – Four agreements for financing four new development projects and an exchange of notes for cultural cooperation were signed between Bangladesh and Japan here tonight.
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Rivalry among the NGOs is the key obstruction to development efforts
August 19, 2000
Dhaka, Aug 18 (UNB) – Gathering experiences from activities of various NGOs in Bangladesh, Dr Mark Rodgers, a renowned US social scientist, identified rivalry among big and small NGOs as the key obstacle to the development efforts launched by them.
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China to close loopholes in tax law
August 19, 2000
BEIJING, AUG 18 (UNB/AP) - Amid a crackdown on corruption, China plans to
close a loophole in its tax law that allows local authorities to
transfer central government funds to their own coffers, a state-run
newspaper said Friday.
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Japan suicides rise to record amid health problems, economic slump
August 19, 2000
TOKYO (AP) - Suicides in Japan rose to a record high for the
second straight year on hardships caused by health problems and the
nation's prolonged economic slump, the government said Friday.
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Foreign direct investment better than foreign aid
August 18, 2000
Dhaka (UNB) – Finance Minister Shah AMS Kibria yesterday (Thursday) emphasised on converting dependence on foreign aid to foreign direct investment (FDI) as the new pillar of strengthening the country’s balance of payment (BOP) position.
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VOTT owned by VOPAK merges partially with SUTT
August 18, 2000
Dhaka (UNB) - Summit United Tanks Terminal Ltd (SUTT) yesterday bought over 50 percent share of Vanomren Tanks Terminal (VOTT), owned by VOPAK, a multinational terminal owner.
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Bangladesh to seek grant from Japan
August 18, 2000
Dhaka (UNB)- Bangladesh will seek grant from Japan for three public sector industries.
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Mori’s visit to encourage investment from Japan
August 18, 2000
Dhaka (UNB) - Business leaders hope that the ensuing visit of Japanese Prime Minister Yoshiro Mori will encourage more investment from the Asian giant here.
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Oil price hike in Bangladesh, as elsewhere
August 17, 2000
Dhaka (UNB) – The price of all sorts of fuel oil, barring jet fuel, has been raised by 9-20 percent effective from yesterday (Wednesday).
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Thai government also raise gasoline price
August 17, 2000
BANGKOK (AP) - The Petroleum Authority of Thailand on Wednesday increased the prices of gasoline and diesel for the second time in 20 days, saying it needs to offset the high cost of buying
oil on the world market.
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Euro and yen recover in quiet session
August 17, 2000
NEW YORK (AP) - The dollar fell slightly against the euro and the
yen in quiet trading Tuesday as currency traders are holding back
ahead of the Federal Reserve's next meeting on Aug. 22.
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Asian stock markets close mostly higher
August 17, 2000
HONG KONG (AP) - Asian stocks closed mostly higher Wednesday, with Tokyo pulled higher by technology shares and Hong Kong rising on gains of two market heavyweights.
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Downtrend at DSE
August 17, 2000
Dhaka (UNB) – The downtrend at Dhaka Stock Exchange continued for the second straight day yesterday with losers strongly dominating the gainers.
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CSE also bearish
August 17, 2000
Chittagong (UNB) – Trading at Chittagong Stock Exchange ended lower yesterday as the losers dominated the gainers.
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Loan marking death anniversary of Bangabandhu
August 15, 2000
Gopalganj (UNB) – A 15.2 crore countrywide credit programme was launched here yesterday (Monday) with distributing Tk 17.5 lakh among distressed people and unemployed youths.
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Less food & more machine import means development
August 15, 2000
Dhaka (UNB)- Food grain import dropped drastically in the last fiscal, but import of industrial raw material and machinery rose, signifying a growth in development activities.
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Inter-bank transactions on foreign exchange better
August 15, 2000
Dhaka (UNB)- Inter-bank transactions on the foreign exchange market were smooth in the just-out fiscal year showing an increasing upswing.
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Rupert Murdoch strikes back!
August 15, 2000
NEW YORK (AP) - Rupert Murdoch's News Corp. is acquiring
Chris-Craft Industries Inc. and its 10 TV stations for dlrs 5.35
billion in cash and stock in a deal that bulks up News Corp.'s
already powerful lineup.
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Bank Holiday on National Mourning Day
August 14, 2000
Dhaka (UNB) – Bangladesh Bank and other scheduled banks will remain closed on Tuesday on account of National Mourning Day, said a press release yesterday (Sunday).
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DSE index gained 2.05 points
August 14, 2000
Dhaka (UNB) – Trading at the Dhaka Stock Exchange finished higher for the second consecutive day yesterday (Sunday) as the gainers dominated the losers.
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CSE Index higher
August 14, 2000
Chittagong (UNB) – The main index at the Chittagong Stock Exchange marked a rise for the second straight day yesterday (Sunday) with the gainers outnumbering the losers.
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Finance Minister defends devaluation
August 13, 2000
Dhaka (UNB) – Defending the latest devaluation of Taka against the US dollar, Finance Minister Shah AMS Kibria yesterday (Saturday) said the value of a currency is relative and needs to be adjusted with other competing currencies.
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Government urged to avoid SAARC cumulating rules
August 13, 2000
Dhaka (UNB) – Textile entrepreneurs yesterday demanded of the government to avoid SAARC cumulating rules within the capacity of government itself for protecting the country’s growing textile sector.
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Frozen Foods Exporters hail devaluation
August 13, 2000
Dhaka (UNB) – Bangladesh Frozen Foods Exporters Association (BFFEA) has hailed devaluation of taka against US dollar with a hope that it would help boost exports and foreign currency reserve.
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Yen remains steady despite Japanese rate raise
August 13, 2000
NEW YORK (AP) - The dollar held on to its recent gains against
the yen Friday after Japan's central bank raised interest rates
there for the first time in ten years, and the euro slumped against
both the yen and the dollar on strong U.S. economic data.
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Soybean prices rise despite bumper-crop news
August 13, 2000
CHICAGO (AP) - Soybean prices leaped higher Friday on the Chicago
Board of Trade despite government confirmation that the current crop
is on a record pace as harvest time draws near.
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UAE oil company to invest dlrs 1.7 billion in India
August 12, 2000
LUCKNOW, India (AP) - A United Arab Emirates oil company on
Friday signed an agreement to invest dlrs 1.7 billion in India's
most populous state for laying a gas pipeline and setting up a
gas-based 2,000 megawatts power plant.
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Bank of Japan raises interest rates for first time in 10 years
August 12, 2000
TOKYO (AP) - Japan's central bank on Friday announced its first
interest rate hike in a decade, defying pressure from government
officials who insisted near-zero rates are still needed to nurture
an economic rebound.
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Malaysia says it is unlikely to act on IMF report
August 12, 2000
KUALA LUMPUR (AP) - Malaysia will not respond to
International Monetary Fund calls to alter its fixed exchange rate
and to lift the ceiling on interest rates, a finance ministry
official said Friday.
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Asia Business Briefs
August 12, 2000
BANGKOK (AP) - American fast food juggernaut McDonald's
is planning to beef up its investments in Thailand despite rising
prices and other economic problems, a newspaper said Friday.
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Germany & Bangladesh sign agreement
August 11, 2000
Dhaka (UNB) - Bangladesh will receive Tk 100 crore from Germany for implementation of various projects under an agreement signed here yesterday (Thursday).
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Denationalization of 4 multinational companies
August 11, 2000
Dhaka (UNB)- The government yesterday (Thursday) offloaded its shares in four multinational companies incorporated in Bangladesh.
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10000000 eggs and 4800000 chicks!
August 11, 2000
Dhaka (UNB) - Cattle and poultry farms under public sector produced about one crore eggs, 48 lakh chicks and 5.5 lakh liters of milk in 1999-2000 fiscal.
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DSE finished lower
August 11, 2000
Dhaka (UNB) - Trading at Dhaka Stock Exchange finished lower yesterday (Thursday) as the losers strongly dominated the gainers.
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Losers outnumbered gainers at CSE
August 11, 2000
Chittagong (UNB) - Trading at the Chittagong Stock Exchanged closed lower yesterday (Thursday) with the losers outnumbering the gainers.
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Japanese investors meet Investment Board chairman
August 10, 2000
Dhaka (UNB)- Japanese investors yesterday raised some problems but observed that investment situation here improved compared to that four years back as hurdles are getting marginalized.
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International tea auction: Afghans, Paks active
August 10, 2000
Chittagong (UNB) - The weekly tea sale here Tuesday once again witnessed the Afghan buyer operating actively with improved demand from Pakistan.
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New 500-taka currency bill from today
August 10, 2000
Dhaka (UNB) - A new 500-taka note with multifarious security textures will be issued for transaction today (Thursday).
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DSE finished higher
August 10, 2000
Dhaka (UNB) - Trading at Dhaka Stock Exchange finished higher yesterday as the gainers dominated the losers.
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Slight rise of CSE index
August 10, 2000
Chittagong (UNB) - Although the losers outnumbered the gainers, the main index at Chittagong Stock Exchange marked a slight rise yesterday.
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President of Bangladesh AMCHAM's press conference
August 9, 2000
Dhaka (UNB) - American businessmen urged their government to improve Bangladesh's market access to their market instead blocking it canceling GSP privileges, which may hurt US business interests here.
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Japanese loan to be announced by Yoshiro Mori
August 9, 2000
TOKYO (UNB) - Japan will provide around 16 billion yen in loan for four new projects in Bangladesh, including the much-awaited Rupsha bridge project, a top Japanese bureaucrat disclosed here yesterday (Tuesday).
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Japanese airport sinking on schedule, let it
August 9, 2000
TOKYO (AP) - Japan's second-largest airport is sinking, but
there's no cause for alarm, its operator says.
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BASF earnings hit by high material costs
August 9, 2000
FRANKFURT (AP) - High raw material prices and a
sagging U.S. market for health and nutrition products kept half-year net
income below expectations at chemical and pharmaceutical giant BASF
AG, the company reported Tuesday.
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Most Asian stock markets close lower
August 9, 2000
HONG KONG (AP) - Most Asian stock markets closed lower Tuesday,
pushed down largely by profit-taking.
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Norwegian support sought for Gas & Gasoline Institute
August 8, 2000
Dhaka (UNB) - Speaker Humayun Rasheed Chowdhury has sought Norwegian assistance for setting up a Natural Gas and Petroleum Studies Institute in Sylhet.
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Committee formed for National Wages
August 8, 2000
Dhaka (UNB) - The government yesterday formed an inter-ministerial committee to set modalities of implementing recommendations of the National Wages and Productivity Commission 1998.
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Newsprint Mills suspended for technical faults
August 8, 2000
Khulna (UNB) - Khulna Newsprint Mills is on verge of closure, as production in two units, out of three, remained suspended for technical faults.
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Brunei: Paradise Lost, will it be regained?
August 8, 2000
SERIA, Brunei (AP) - Off Borneo island's west coast lies a
1,300-mile (2,100-kilometer) spaghetti of undersea pipelines, the
throbbing economic heart of tiny Brunei.
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Rally on Wall Street helps Nikkei to climb
August 8, 2000
TOKYO (AP) - Tokyo stocks climbed Monday morning, supported by
Friday's rally on Wall Street. The U.S. dollar edged higher against
the yen.
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Dhaka Stock Exchange ended lower
August 8, 2000
Dhaka (UNB) - The main index at Dhaka Stock Exchange ended lower yesterday as the losers strongly dominated the gainers.
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