The Daily Star: Internet Edition Thu. July 19, 2007

Vol. 5 Num 1114

Thu. July 19, 2007


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Business

BB rolls out home loans at 10pc interest rate
Person with monthly income less than Tk 30,000 to get Tk15 lakh
The Bangladesh Bank (BB) yesterday introduced a housing scheme to offer loans at highest 10 percent interest rate for low and middle-income people in urban areas.

Traders, banks asked to blacklist errant foreign buyers
Open account system in int'l trade advocated
The central bank governor has suggested that the trade bodies and banks should blacklist the foreign buyers who often do not make payment against their letters of credit.

RMG Compliance
Adviser calls for united stand
The labour and employment adviser yesterday underscored the need for united efforts of government, employers and workers to ensure compliance and standards in the country's readymade garment (RMG) sector.

Bepza Activities-III
25,000 retrenched workers yet to be accommodated in Adamjee, Karnaphuli EPZs
As many as 25000 retrenched workers' ray of hope of being employed in the newly shaped areas of defunct Adamjee Jute Mills and Chittagong Steel Mills has now been dashed for Bepza's (Bangladesh Export

Global economy resisting high oil prices
The world economy is bounding ahead, largely unaffected by record high crude oil prices, which have quadrupled over the past six years, economists say.

Dow Jones approves Murdoch takeover deal
The board of US media firm Dow JonesCo voted to approve a five-billion-dollar takeover bid by Rupert Murdoch's News Corp., the target company announced late Tuesday.

GMG Airlines to fly to four new int'l routes
Private GMG Airlines will fly to four new international destinations -- Kuwait, Oman, United Arab Emirate and Pakistan -- by the year-end, officials announced yesterday in Dhaka.

CityCell launches wireless internet
Mobile phone operator CityCell yesterday launched wireless internet service.

Indian firm buys US telecom data service provider
Reliance Communications has acquired the US telecom data services Yipes Holdings for 300 million dollars, marking the Indian company's foray into lucrative American enterprise data market.

Etihad now flies to Sydney daily
Etihad Airways' Abu Dhabi to Sydney service has increased from three flights a week to daily a week, says a press release.

WTO negotiators attempt to break Doha deadlock
The WTO launched a crucial bid to break the deadlock in the Doha Round of global trade talks on Tuesday with new proposals that advocate sharp cuts in US farm support and in developing country industrial