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DEPZ
factory tried in vain to resume production
May
7, 2000
Savar,
May 6 (UNB)- The owners of the troubled Ring Shine Textile today tried in
vain to resume production as many of the factory workers refrained from
joining duties for fear of arrest.
An
executive of the Singapore-Malaysian joint-venture sweater factory today
(Saturday) said they had already asked their workers to join work.
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DSE
rises
May
7, 2000
Dhaka,
May 6 (UNB) – Week’s trading at Dhaka Stock Exchange began today
(Saturday) with a rise in its benchmark as the gainers dominated over the
losers.
All
Share Price Index at the country's main bourse gained 2.44 points or 0.47
per cent to close at 516.85 points from Thursday’s 514.41 points.
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CSE
rises
May
7, 2000
Chittagong,
May 6 (UNB) – Trading at the Chittagong Stock Exchange finished higher
on the opening day of the week today (Saturday) as the gainers outnumbered
the losers.
All
Share Price Index at the country’s second bourse gained 3.79 points or
0.35 percent to close at 1087.43 points from Thursday’s 1083.64 points.
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Call
for NGOs and Individuals to change poverty scenario of the country
May
6, 2000
Dhaka,
May 5 (UNB) – Bangladesh had been confined to a vicious cycle of low
growth in the previous 40 years with average GDP only around one percent
and just began to take off.
“The
present government since assuming power could maintain a 5 percent-plus
annual GDP,” Finance Minister Shah AMS Kibria
said elaborating on various economic and social indicators that
showed socioeconomic progress of the nation.
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Globalization
has had big impact on transport makers
May
6, 2000
GENEVA,
MAY 5 (AP) - Vehicle makers may end up as simply marketers of a brand
name who provide credit and insurance for customers, while the Internet
could soon make car dealerships a thing of the past, according
to a U.N. report issued Friday.
The
International Labor Organization report on transport manufacturing
said globalization has changed the industry and outside
component makers are becoming more and more important.
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Sweater
factory shut down in DEPZ
May
5, 2000
Dhaka,
May 4 (UNB)- The troubled foreign firm, Ring Shine Textile Limited, shut
down their sweater factory in the DEPZ sine die following Wednesday’s
fierce clash that left at least two people dead and scores of others
injured.
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DSE
rises
May
5, 2000
Dhaka,
May 4 (UNB) – Week’s trading at Dhaka Stock Exchange closed today
(Thursday) posting a slight gain in its benchmark.
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CSE
rises
May
5, 2000
Chittagong,
May 4 (UNB) – Week’s trading at the Chittagong Stock Exchange closed
higher today (Thursday) as the gainers outnumbered the losers.
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Earnings nosedive at Hong Kong phone company
May
5, 2000
HONG
KONG, MAY 4 (AP) - The dominant Hong Kong phone company said Thursday
its annual earnings plunged by 90 percent to 1.14 billion Hong Kong
dollars (U.S. dlrs 146.5 million) as it took massive write-offs on
obsolete equipment.
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Asian stocks slump on recent Wall Street
losses
May
5, 2000
HONG
KONG, MAY 4 (AP) - Most Asian stock markets slumped on Thursday, triggered
by the latest decline on Wall Street and growing concern about imminent
interest-rate hikes across the region.
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London
Stock Exchange announces merger with Germany's Deutsche Boerse
May
4, 2000
LONDON,
MAY 3 (AP) - The London and Frankfurt stock exchanges announced Wednesday
that they will merge, creating Europe's largest stock market and a
powerful regional counterweight to Wall Street.
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Kibria hoped central bank would consider
lowering interest rate
May
4, 2000
Dhaka,
May 3 (UNB)- Agreeing with businessmen’s viewpoint, Finance Minister
Shah AMS Kibria today (Wednesday) hoped that the central bank would
consider lowering the interest rate of the banks.
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Fertilizer
plant in Ctg with proposed investment of 500 million dollars
May
4, 2000
Dhaka,
May 3 (UNB) - Two foreign companies have agreed to examine the feasibility
of setting up a gas-based fertilizer plant in greater Chittagong with a
proposed investment of 500 million dollars.
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Shares
of Reckitt and Colman handed over to ICB for sale
May
4, 2000
Dhaka,
May 3 (UNB) – As part of the government’s initiatives to expedite the
privatization program, all shares of Reckitt and Colman (Bangladesh) Ltd
were handed over to ICB today (Wednesday) for sale to private investors.
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DSE
rises
May
4, 2000
Dhaka,
May 3 (UNB) – Trading at Dhaka Stock Exchange finished higher today
(Wednesday) although the losers outnumbered the gainers.
All
Share Price Index at the country's main bourse gained 0.48 points or 0.09
per cent to close at 513.28 points from Tuesday’s 512.80 points.
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CSE rises
May
4, 2000
Chittagong,
May 3 (UNB) – Showing a downtrend in its benchmark for the last three
days, trading at Chittagong Stock Exchange closed higher today
(Wednesday).
All
Share Price Index at the country’s second bourse gained by 3.25 points
or 0.30 percent to close at 1081.20 points from Monday’s 1077.95 points.
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Singapore
bank launches Internet stock trading system
May
4, 2000
SINGAPORE,
MAY 3 (AP)- Oversea-Chinese Banking Corp.'s stock brokerage unit Wednesday
launched its online stock trading system amid an increasingly competitive
market and plunging brokerage fees.
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Most
Asian markets close lower
May
4, 2000
HONG
KONG, MAY 3 (AP) - Asian stock markets closed mostly lower Wednesday, with
Hong Kong and Taipei dragged down by Wall Street's latest losses and the
Philippine exchange hurt by political tension.
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Initiative
to resolve conflict over Meghnaghat power plant
May
3, 2000
Dhaka,
Apr 2 (UNB)- The Energy Ministry has taken initiative to resolve the
conflict between PDB and American firm AES over the project site for
Meghnaghat power plant.
According
to ministry sources, the top officials of the ministry have already sat
with the Power Development Board to get their version of the tussle.
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DSE
falls
May
3, 2000
Dhaka,
May 2 (UNB) – Dhaka Stock Exchange experienced a futher fall in its
benchmark today (Tuesday) as the losers outnumbered the gainers.
All
Share Price Index at the country's main bourse shed 6.67 points or 1.28
percent to close at 512.80 points from Sunday’s 519.47 points.
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CSE
falls
May
3, 2000
Chittagong,
May 2 (UNB) – The main index at the Chittagong Stock Exchange fall for
the third consecutive day today (Tuesday) as the losers dominated the
gainers.
All
Share Price Index at the country’s second bourse dipped by 12.22 points
or 1.12 percent to close at 1077.95 points from Sunday’s 1090.17 points.
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Thai
Cabinet prohibits using cell phone while driving
May
3, 2000
BANGKOK,
MAY 2 (AP) - Thailand's Cabinet approved on Tuesday a police proposal to
ban the use of cell phones while driving because of an increase in
accidents in recent years, the Thai state news agency reported.
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Millions
of viewers without ABC network
May
3, 2000
NEW
YORK, MAY 2 (AP) - A nasty corporate dispute has accomplished what none
of ABC's rivals could do: force millions of viewers to watch something
other than "Who Wants to Be a Millionaire."
An
estimated 3.5 million Time Warner cable customers were in their
second day without ABC programming Tuesday after missing the first
celebrity edition of the hit game show in prime-time Monday night.
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Clinton
renews push for consumer privacy in banking laws
May
2, 2000
YPSILANTI,
MAY 1 (AP) - American consumers run too many risks as
they unwittingly divulge growing amounts of personal and financial
information, President Bill Clinton said Sunday as he proposed
reforms in the way banks, insurers and other corporations share
information about their customers.
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Taiwanese
computer investment surges in China
May
2, 2000
TAIPEI,
MAY 1 (AP) - Taiwanese investment in computer and other hi-tech
projects in rival China surged 330 percent to U.S. dollars 320 million
in the first quarter this year, the government said Monday.
Officials
said more Taiwanese computer firms were setting up factories
in China, attracted by its vast market and ample supply of engineers
and other technicians.
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“Trade
union in EPZs would make investors shy away”, FICCI president
May
1, 2000
Dhaka, Apr 30 (UNB)- As the American ambassador
reminded Bangladesh of past commitment to allowing trade union in EPZs,
the foreign investors’ chamber here today came up with a split view
about the much-debated issue.
Incumbent president of the chamber Waliur Rahman
Bhuiyan viewed that allowing trade union in EPZs would make foreign
investors shy away while former president Mahbub Jamil said workers’
issue should not be a matter of concern for foreign companies.
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DSE falls
May
1, 2000
Dhaka,
Apr 30 (UNB) – Day’s trading at the Dhaka Stock Exchange finished
lower today (Sunday) posting 1.63 percent fall in its benchmark as the
losers outnumbered the gainers.
All
Share Price Index at the country's main bourse shed 1.63 points or 0.43
percent to close at 519.47 point from Saturday’s 521.75 points.
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CSE
falls
May
1, 2000
Chittagong,
Apr 30 (UNB) – The main index at the Chittagong Stock Exchange continued
to show a downtrend for the second straight day today (Sunday) as the losers
dominated the gainers.
All
Share Price Index at the country’s second bourse lost 3.33 points 0.30
percent to close at 1090.16 points from Saturday’s 1093.49 points.
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Japanese companies turning to part-timers to
cut costs
May
1, 2000
TOKYO,
APR 30 (AP) - With Japan's economy stuck in its deepest rut in decades,
employers who used to guarantee jobs for life are now turning more to
part-time workers to cut costs, a report said Sunday.
During
the fiscal year that ended March 31, companies surveyed by the Labor
Ministry said they employed 1 percent fewer full-time workers but 3 percent
more part-time workers than they did the previous year, quasi-public
broadcaster NHK reported.
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