Vol. 4 Num 348 Sat. May 22, 2004    
 
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Export to Canada up 140pc in 2003
Bangladesh's export earnings from Canada shot up by 140 percent in 2003 after getting duty and quota free access from the North American country.

The earnings rose to $218.

 
Bangladesh investors confce positive signal to S'pore businesses
PM Goh Chok Tong says
Singaporean Prime Minister Goh Chok Tong yesterday said he expected the businesses of his country got a positive signal about investment potential in Bangladesh as they promptly responded to a conference
 
Samsung eyes top slot in local mobile set market
Samsung Electronics aims to become a top player in Bangladesh's cellular handset market by 2006, officials said in Dhaka yesterday as the South Korean company launched a new marketing campaign.
 
Spectacles struggle to stay competitive
High prices of imported raw materials, smuggled Chinese products plague local manufacturers
High prices of imported raw materials and smuggled Chinese products are major problems for local spectacles industry to stay competitive.
 
Malaysian chamber keen to send team to Bangladesh
The Associated Indian Chamber of Kuala Lumpur and Selangor is keen to send a business mission to Bangladesh to explore trade and investment opportunities.
 
Syngenta, Swisscontact to train agri input retailers
Syngenta Bangladesh Limited and Swisscontact-Katalyst joined hands to train retailers on proper use of agricultural inputs.
 
Al-Arafah Islami Bank declares 16pc dividend
AL-Arafah Islami Bank Limited has declared a 16 percent dividend in the form of bonus share for the year that ended in December 2003.
 
G7 to express concern to Opec over oil prices
Group of Seven (G7) finance ministers will express concern to Opec over oil prices when they meet this weekend, the finance ministers of Britain, France and Germany wrote in a newspaper article due to
 
Free markets boosting global living standard: Greenspan
A move toward free markets around the globe is giving a boost to living standards, despite "pockets of strife and destruction," Federal Reserve Chairman Alan Greenspan said Thursday.
 
Indian shares seen weaker over govt formation
Indian shares are expected to open weaker Friday on uncertainty over the incoming government's economic policies and amid reports of fierce jockeying for power in the Congress-led coalition.
 
Union at SBC launches strike in 13 US states
The union representing 100,000 SBC Communications Inc workers in 13 states launched a four-day strike on Friday, after talks for a new contract ground to a halt over health care and job security.
 
Free Trade Area by 2010
China, Asean reach basic consensus
Negotiations on the establishment of a China-Asean free trade area set to wind up ahead of schedule next month after the parties reached a basic consensus that would create the world's biggest trade zone,
 
New Indian govt's allies may slow WTO talks
The coming to power of an Indian government reliant on communists for support could slow WTO talks and harden Third World demands for cuts in rich nations' farm export handouts, analysts said.
 
Weekly Currency Roundup
May 15-May 20, 2004
Local FX Market

There was acute liquidity crunch of USD in the local interbank market due to import payments of fuel and scrap vessels.

 

 
 
   
 
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