Latest News

Tuesday , 30 Jan 2007
India becomes 10th largest trading partner of China in 2006

India has for the first time emerged as the 10th largest trading partner of China in 2006, according to latest Chinese foreign trade statistics. While the European Union retained the status of Chinas top trading partner, bilateral trade between...

Tuesday , 30 Jan 2007
Government decides for partial privatisation of Chittagong Port

The government decided on January, 29 to privatise some of the key operations of Chittagong Port. The Ministry of Shipping (MoS) at a meeting took this decision to help reduce turnaround time of ships at the port and to provide efficient services to...

Wednesday , 31 Jan 2007
Unemployment rate in Singapore eases to 2.7pc in 2006

Singapores unemployment rate eased to 2.7 per cent last year from 3.1 per cent in 2005 as a strong economy created a record number of jobs. The rate was also lower than the 3.4 per cent recorded in 2004 and the 4.0 per cent during an economic...

Wednesday , 31 Jan 2007
Myanmar opens new jade and gems auction

Myanmars military government has opened its latest auction of jade and gems, attracting hundreds of buyers seeking to tap into the countrys natural wealth. The auction opened yesterday with 308 lots of gems and 943 lots of jade up for sale both...

Wednesday , 31 Jan 2007
Korea mulls FTA with Gulf states

South Korea is actively considering forging a free trade agreement with six Gulf nations. The council groups Qatar, Saudi Arabia, Bahrain, Kuwait, Oman and the United Arab Emirates. South Korea has already signed FTAs with Chile and Singapore.A...

Wednesday , 31 Jan 2007
Piracy costs global economy $100b a year: WIPO

Genevabased World Intellectual Property Organisation (WIPO) warned that counterfeiting and piracy costs the global economy at least 100 billion dollars (77 billion euros) each year. The caution came as business leaders and government officials met...

Wednesday , 31 Jan 2007
Government is considering to sell rest 26% share of Rupali Bank

The government has decided to sell out 26pc shares of the bank for $128 million against the backdrop of increased government borrowing from banks amid a fund crisis for Annual Development Programme (ADP) implementation.Privatisation of Rupali Bank...

Wednesday , 31 Jan 2007
WIEF regional meeting in Dhaka in November

A meeting of the World Islamic Economic Forums (WIEF) International Advisory Panel will take place in Kuala Lumpur on May 28-29, 2007. The Prime Minister of Malaysia, Chair of OIC and Patron of WIEF, Dato Seri Abdullah Ahmad Badawi, has consented to...

Saturday , 03 Feb 2007
US hauls China to WTO over illegal subsidies

The US government on February, 2 signaled a sharp escalation in its trade frictions with China by filing a WTO action against the fast-growing Asian economy over illegal industrial subsidies. The case is important because they are seeking to...

Saturday , 03 Feb 2007
Indian GDP growth rate revised to 9pc for 200506

The government on February, 1 announced that Indias Gross Domestic Product for 200506 stands revised up to 9 per cent (from the previous estimates of 8.4 per cent) against 7.5 per cent during 200405. The revision has had an effect on the growth in...

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