Latest News

Sunday , 28 Jan 2007
Chinas trade surplus with EU soars 31pc in 2006

Chinas trade surplus with the European Union soared 31 per cent last year, state media reported Sunday, citing government figures. China posted a trade surplus with the EU of 91.7 billion dollars in 2006, compared with 70.1 billion dollars the year...

Sunday , 28 Jan 2007
G8 likely to embrace China, India, Brazil

British Prime Minister Tony Blair said the G8 group of leading economies needed to embrace emerging giants China and India if it was to keep its influential role in the world. The reality is the G8 is undergoing a process of change now, Blair told a...

Sunday , 28 Jan 2007
GTZ to provide technical support to establish SAARC Energy Centre

South Asian energy officials, during their twoday parley in Kathmandu last week, framed terms of reference for a study on regional trade in and sharing of energy resources. The study would analyse energy resources like power and gas in the region...

Sunday , 28 Jan 2007
IIDFC arranges Tk 225m for TK Chemical

A syndicated lease facility of Tk225 million for TK Chemical Complex Ltd was signed in Dhaka on January 23. IIDFC (Industrial and Infrastructure Development Finance Company Ltd) as the lead arranger arranged the fund for financing of cigarette...

Sunday , 28 Jan 2007
Bangladesh Bank plans to sell off troubled Oriental Bank

The Bangladesh Bank plans to sell the beleaguered Oriental Bank, sources in the central bank said. Foreign and local buyers are showing interest in Oriental, as it is the last chance for them to own a private bank, one of the sources said. As the...

Sunday , 28 Jan 2007
US$55 million multiyear joint project of IFC to cut cost of doing business in Bangladesh

The International Finance Corporation (IFC) has taken up a multiyear programme tailored to cut the cost of doing business in Bangladesh, thereby making significant dent in the countrys overall investment climate. The idea of the IFC, the private...

Sunday , 28 Jan 2007
Asia Energy signs MOU to buy 26.5 pc equity of Peoples Telecom:

Asia Energy renamed as Global Coal signed a memorandum of understanding (MOU) with the Bangladeshi Peoples Telecom and Information Service Ltd. (Peoples Tel) recently to buy 26.5 percent equity of the telecoms firm. Peoples Tel will submit the US$5...

Tuesday , 30 Jan 2007
Malaysia’s race divide threatens economy

Growing racial divides are undermining Malaysia and the government must act or face severe social and financial consequences, an anti-corruption watchdog warned on January, 29. Transparency International Malaysia president, Ramon Navaratnam, said...

Tuesday , 30 Jan 2007
Investors still uncertain on Thailand

Top business leaders in Thailand said on January, 29 that the government’s proposed changes to foreign investment rules were politically motivated and left foreign firms mired in uncertainty. The government earlier this month proposed closing a...

Tuesday , 30 Jan 2007
S Koreas trade deficit with Japan hits record high at 25.3 b in 2006

South Koreas trade deficit with Japan hit a record high at 25.3 billion US dollars in 2006, the South Korean Ministry of Commerce, Industry and Energy said. According to a report by the ministry on the countrys merchandise trade balance, the trade...

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