IN BRIEF

Bangladesh Aug remittances up 2.4%

DHAKA: Bangladesh received US$957.9 million in remittances from workers overseas in August, up 2.4 per cent from a year earlier, central bank data shows. The income from more than six million workers overseas, a key source of foreign exchange for the cash-starved economy, hit US$10.97 billion in the 2009/10 fiscal year that ended in June, 13 per cent above the previous year.

China's BYD says Aug car sales down 6%

HONG KONG: Chinese car and battery maker BYD Co Ltd, backed by Warren Buffett, said its August vehicle sales fell 5.9 per cent from July on keen competition amid slowing growth in the world's largest auto market. BYD, which is 10 per cent owned by Buffett's Berkshire Hathaway Inc, sold 31,069 vehicles in August, down 19 per cent from the same month last year, the company said in an email to Reuters yesterday.

Pertamina makes 600,000 barrels of jet fuel purchase

SINGAPORE: Indonesian state oil and gas firm Pertamina has bought a total of 600,000 barrels of jet fuel for multiple deliveries in October via tender, up from 500,000 barrels for September delivery, traders said yesterday. Pertamina's trading arm Petral paid around 90 cents a barrel above Singapore spot quotes, on a cost-and-freight (C&F) basis, for the October cargoes, traders said.

Agencies