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More Business News

June 22 to 30, 2000

June 15 to 21, 2000

June 8 to 14, 2000

June 1 to 7, 2000

May 22 to 31, 2000

May 15 to 21, 2000

May 8 to 14, 2000

May 1 to 7, 2000

April 22 to 30, 2000

April 15 to 21, 2000

April 8 to 14, 2000

April 1 to 7, 2000

March 2000

 

US Jobless Rate Falls to 4.0 Percent

July 8, 2000 

 

WASHINGTON (AP) — American businesses added fewer jobs than expected in June, the strongest evidence yet that the Federal Reserve is succeeding in its campaign to keep the economy from overheating.

 

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More Oil Coming Soon

July 8, 2000 

 

DUBAI, United Arab Emirates (AP) — An extra 500,000 barrels of oil promised by Saudi Arabia earlier this week is coming to the market soon, a Gulf oil official said Friday. The prospect of more oil has sent crude oil prices lower.

 

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6 trades, finance bodies to reform aid program for LDCs

July 8, 2000 

 

UNITED NATIONS : Six of the world’s biggest international trade and finance organizations announced they would reform a four –year-old program to help the world’s poorest nations integrate into the global economy, says AP.

 

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“No manipulation” in rise of stock market?

July 7, 2000 

  

Dhaka (UNB)- Again it’s the investors’ choice whether to rush to the stock market as both the bourses of the country basked in bullish trade for a week closed yesterday (Thursday).

 

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Unemployment in Germany decreases 

July 7, 2000 

  

NUREMBERG, Germany (AP)- The number of jobless in Germany furthered its drop below 10 percent for the third consecutive month in June, confirming a steady improvement in unemployment driven by a rekindled economy and booming export industry, the Federal Labor office said Thursday.

 

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CSE rises significantly

July 7, 2000 

  

Chittagong(UNB) – The upward spiral trend at the Chittagong Stock Exchange continued for the sixth straight day yesterday with a significant rise in its benchmark.

 

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EU countries to cooperate for further export 

July 6, 2000 

  

Dhaka (UNB) - Bangladesh yesterday (Wednesday) sought easier access of her products to the European Union, the largest trade partner of the country. 

 

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Indonesia's rupiah devaluates 

July 6, 2000 

  

JAKARTA (AP) - Indonesia's currency, the rupiah, hit a 16-month low Wednesday, pushed down by fears of escalating violence and political uncertainty ahead of the annual meeting of the country's highest legislative body.  

 

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Asian stock markets close mostly higher  

July 6, 2000 

  

HONG KONG (AP) - Asian stock markets closed mostly higher Wednesday, but Tokyo, the region's largest exchange, bucked the trend.  

 

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DSE index crosses 600-mark  

July 6, 2000 

  

Dhaka (UNB) – Trading at Dhaka Stock Exchange finished higher yesterday posting a gain of 25.95 points in its benchmark  

 

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CSE rises for 5th straight day  

July 6, 2000 

  

Chittagong (UNB) - The main index at Chittagong Stock Exchange continued to show an upward spiral posting gains for the fifth straight day yesterday.  

 

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5 Southeast Asian nations form economic forum 

July 5, 2000

    

Dhaka (UNB) – The five-nation BIMST-EC will formally launch an “Economic Forum” in its 3rd ministerial meeting in New Delhi on July 6.  

 

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Industrial plots in EPZs ready for allotment 

July 5, 2000

    

Sangsad Bhaban (UNB) - Industrial plots in four new export processing zones are ready for allotment among investors in the EPZs, Prime Minister Sheikh Hasina told parliament yesterday (Tuesday).  

 

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Chittagong port strike withdrawn 

July 5, 2000

    

Chittagong (UNB) – Chittagong Bandar Sramik Dal yesterday (Tuesday) called off their tomorrow’s scheduled strike in the port as the authority convened a preparatory meeting for a new CBA election.  

 

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Coin to mark silver jubilee of independence

July 5, 2000

    

Dhaka (UNB)- Bangladesh Bank has made commemorative silver coins of ten taka denomination to mark the silver jubilee of independence of Bangladesh.  

 

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Khulna Newsprint Mill in crisis

July 5, 2000

    

Khulna (UNB)- Production in Khulna Newsprint Mills has come down to 600 to 700 tons daily against the normal production of 3,000 tons due to acute financial crisis.  

 

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OPEC’s oil make Saudi Arabia opaque

July 5, 2000

    

ASWAN (AP) - Saudi Arabia intends to put 500,000 additional barrels of oil on the market every day starting immediately to try to get soaring prices down to dlrs 25 a barrel, an official from an OPEC delegation said Monday.

 

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Surcharge to be imposed on feeder ships?

July 5, 2000

    

Chittagong (UNB) – As congestion in Chittagong Port persisted Singapore-based Chittagong Feeder Trade Committee (CFTC) has threatened to impose surcharge on feeder ships for the delay at the Port.

 

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DSE index strongly bullish

July 5, 2000

    

Dhaka (UNB) – Trading at the Dhaka Stock Exchange closed higher yesterday (Tuesday) with the gainers heavily outnumbering the losers. 

 

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Industrial Bank recovers record amount of loan 

July 4, 2000

    

Dhaka (UNB)- Bangladesh Shilpa Bank whose lending operations have been suspended for several years recovered Tk 121.55 crore from outstanding loans in the just-out fiscal year.  

 

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Banks urged to apply international standards

July 4, 2000

   

Dhaka (UNB)- Banking experts yesterday advised the banks to apply international accounting standards in preparing accurate and transparent financial reports, reflecting their real position.

 

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Bank to rehabilitate apparel industry

July 4, 2000

   

Dhaka (UNB)- Sonali Bank has agreed to rehabilitate some 20 export-oriented garment factories closed for long following their problems with the bank.  

 

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Frozen shares start to melt sinking market

July 4, 2000

   

KUALA LUMPUR (AP) - Malaysian stocks sank quickly Monday when shares owned by Singapore investors that were frozen for nearly two years under emergency measures to cope with the Asian crisis started being put back on the market.  

 

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Central American nations trying to unite 

July 4, 2000

   

CANOUAN, St. Vincent (AP) - With the global economy beginning to squeeze out Caribbean nations, the region's leaders were supposed to concentrate this week on jump-starting a decades-old effort to unite their economies. But the region's divisiveness is again stealing the show.  

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92 advanced & 49 declined at DSE  

July 4, 2000

   

Dhaka (UNB) – Trading at the Dhaka Stock Exchange closed higher yesterday (Monday) as turnover in terms of both volume and value increased. 

 

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36 gained & 24 declined at CSE

July 4, 2000

   

Chittagong (UNB) – The price index at the Chittagong Stock Exchange finished higher yesterday (Monday) as the gainers outnumbered the losers.  

 

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Non-inflationary growth: Bangladesh’s prime goal

July 3, 2000

   

Dhaka (UNB)- Government borrowing from banks so far has not had any negative impact on inflation and liquidity to disturb macroeconomic management, the Finance Minister said yesterday dismissing opposition contentions.  

 

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Revolution: after the ‘Green’, the ‘Brown’

July 3, 2000

   

Dhaka (UNB) – Noticing a growing leather and leather goods market worldwide, business experts identified the sector for a “Brown Revolution” in the country as it has all the potential for a boom.  

 

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Executive of Japan Bank to visit Grameen Bank

July 3, 2000

   

Dhaka  (UNB) – Executive Director of Japan Bank for International Cooperation (JBIC) Yoshihiko Kono arrived here yesterday on a four-day visit to Bangladesh.  

 

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French textile expert arrives to speak on Jute

July 3, 2000

    

Dhaka (UNB) – A seminar on ‘Diversification of the Jute usage, including blending of Jute with the Flax’ will be held at Alliance Francaise de Dhaka on Tuesday.  

 

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BTV earned Tk.65.8m.from ‘World Cup Cricket’

July 3, 2000

    

Dhaka (UNB) – State-owned Bangladesh Television earned a total of Tk 62.95 crore from fees of television license and other sources in 1999-2000 fiscal year.

 

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DSE ‘bullish’

July 3, 2000

    

Dhaka (UNB) – Trading at the Dhaka Stock Exchange closed higher on Sunday with the gainers dominating the losers.

 

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CSE index rose by 12.86 points

July 3, 2000

   

Chittagong (UNB) – The price index at the Chittagong Stock Exchange closed higher yesterday (Sunday) as the gainers outnumbered the losers.

 

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Migrant smuggling a sophisticated business in China

July 2, 2000

   

SHANGHAI, JULY 1 (AP) - Some use bogus companies abroad to get business visas for smuggled Chinese migrants. Others run multinational networks of gangs. Behind the thuggish image of a trade that sends up to 100,000 Chinese  migrants overseas every year lies a shadowy but sophisticated industry.

 

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"Economy is healthy: Bangladesh to break up LDC status soon" Tofail

July 1, 2000

  

Dhaka, (UNB)- It is not too long when Bangladesh shoots out of the LDC status as all development indices pose for upswing, claimed the Industries Minister.

 

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Chinese premier meets German leaders to boost trade

July 1, 2000

  

BERLIN, (AP) - Chinese Premier Zhu Rongji met German leaders Friday on a trip aimed at closer commercial ties to its biggest European trade partner.

 

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