DT e-Paper 06 April 2017

Business 11
DT
THURSDAY, APRIL 6, 2017
Asian markets cautiously higher ahead of Xi-Trump summit
• AFP, Hong Kong
Asia’s markets mostly rose yesterday
but investors moved nervously
ahead of a summit between Chinese
President Xi Jinping and Donald
Trump this week.
The two-day gathering in Florida
comes after the US tycoon has hit
out at Beijing’s trade policies and
labelled it a currency manipulator,
fanning fears of a trade war between
the world’s top two economies.
There are also geopolitical
concerns linked to North Korea’s
growing nuclear programme, with
Trump warning he would be prepared
to sideline Beijing in dealing
with the rogue state.
North Korean leader Kim Jong-
Un raised tensions Wednesday by
firing another ballistic missile into
the Sea of Japan, the latest in a series
of launches in recent months.
Also in focus is the release of US
jobs figures Friday, which will provide
a fresh snapshot of the state of
the world’s top economy, as well as
minutes from the Federal Reserve’s
March policy meeting. A private US
jobs reading is due later Wednesday.
“It seems most folks are waiting
on the meeting between Presidents
Xi and Trump. And of course, nonfarm
payrolls,” said Greg McKenna,
chief market strategist at AxiTrader.
Hong Kong jumped 0.6% while
Shanghai rallied 1.5% as investors
welcomed a decision to set up a
new economic development zone
near Beijing.
The news boosted property and
construction stocks as it sparked a
frenzy among out-of-town home
buyers. •
Commerce Minister Tofail Ahmed visits the Walton stall at the Inter-
Parliamentary Union event in Dhaka this week
Walton products praised
in IPU event
• Tribune Business Desk
Radisson Blu Chittagong
makes Baishakh offers
• Tribune Business Desk
Radisson Blu Chittagong
Bay View has announced
Baishakhi offers on the occasion
of Bangla New Year.
The offers styled as
“Boishakhi Jatra” and “Bengali
Mohavoj” will be available
on April 13-23, said the hotel
authorities at a press conference
Wednesday.
“It’s really a great pleasure
for us to participate in the festival
of Bangla New Year,” said
Robin Edwards, General Manager
of Chittagong Radisson.
Under the “Boishakhi
Local electronics brand Walton
showcased a wide range of
products with the theme “Made
in Bangladesh” at the Inter-Parliamentary
Union assembly at
Bangabandhu International
Conference Centre in Dhaka,
said the local election brand.
It displayed products like refrigerators,
LED TV, air conditioners,
electric switch-sockets
and various LED lights. Walton
said it was highly praised by
foreign delegates who attended
the event this week.
Bangladesh National Parliament,
Ministry of Commerce
and Export Promotion
Bureau organised the exhibition
of exportable goods. It
also demonstrated development
activities of the government
to the foreign delegates.
IPU members praised Walton
for its high standards
products, perfect finishing
and magnificent designs.
The foreign delegates were
overwhelmed by knowing
about the role of Walton in
expanding the country’s technology-based
products industry,
creating nearly 32,000
employments..
Md Humayun Kabir, Executive
Director (PR and Media)
of Walton Group, said Walton
products drew the eyes of the
foreign delegates from the
first day of the fair. •
Jatra” package, a couple will
be able to celebrate the Pahela
Baishakh staying one night
at the hotel along with chef’s
special complimentary cake,
sumptuous evening pizza with
mocktails and delicious buffet
dinner or lunch at Tk1,420.
“Boishakhi Jatra” offer will
cover the Bengali Mohavoj in
which the customers will be
able to taste authentic Bengali
cuisine buffet on Pahel
Baishakh at Tk2,222+ per person.
This will be free for children
up to six years old and
50% off for the children aged
between 7 and 12 years. •