BIZ BRIEFS

Protest at B’desh port :

DHAKA: Bangladesh’s main port partially resumed work on Sunday when two shipping companies withdrew a boycott called after a court ruled a surcharge on containers was illegal. The boycott was launched after a Bangladesh court ruled in favor of textile firms that a $130 surcharge imposed in June by the shipping companies on every six-metre-long container was illegal. — AFP

Chinese yuan gains :

SHANGHAI: The yuan posted record gains last week on speculation the Chinese currency will be given freer rein ahead of a key economic meet of the globe’s top industrial powers. The yuan rose to its highest level against the dollar since July 2005. The strong gains reflected a trend ahead of a gathering of finance ministers and central bankers from the G7 that is to renew calls for greater flexibility. — AFP

MoneyPly Mall starts :

KATHMANDU: MoneyPly, a US based company, has launched MoneyPly Mall, a fully integrated cybermall in Nepal. MoneyPly Mall is a comprehensive global e-commerce site with an integrated shopping cart facility and internet payment gateway system, said Michael Rawson, president of MoneyPly. “Its core focus is to leverage world class technology to allow vendors across Nepal to reach global markets,” he said adding that it is a smart, speedy and secure vehicle through which Nepali businesses will be able to participate in the global market. —HNS