As per un-audited half-yearly accounts as on September 30, 2011 (April'11 to Sep'11), Marico Bangladesh Limited has reported profit after tax of Tk 429.90 million with EPS of Tk 13.65 as against Tk 413.37 million and Tk 13.12 respectively for...
Mercantile Bank Limited recently signed an agreement with Emirates International Exchange, UAE recently, said a press release. A. K. M. Shahidul Haque, Managing Director & CEO of Mercantile Bank Limited and Santosh Tandel, Chief Executive Officer of Emirates International Exchange,...
FE Report The securities regulator has formed two committees to update two of the existing guidelines and make these more time befitting, officials said. The decision came Tuesday at a meeting of the Securities and Exchange Commission (SEC) with its...
Monira Munni State-run trading corporation has failed to intervene in the local commodity market due to advance income tax, which raises prices up to 10 per cent, officials said. They said Trading Corporation of Bangladesh (TCB) pays 5.0 per cent...
ZURICH, Oct 25 (Reuters): Swiss bank UBS AG overcame a 1.8 billion Swiss franc ($2 billion) rogue trading loss to post a smaller than forecast fall in third quarter net profit on Tuesday as its core wealth management business performed...
Our Correspondent CHITTAGONG, October 25: Chittagong Port has started implementing massive development schemes with an eye to attain capacity of handling 3.5 million container boxes by the year 2020. The port authority recently procured a sizable number of container handling...
Sonia H Moni The realtors have secured spot orders worth Tk 5.0 billion in the recent overseas fairs in New York and Toronto, reflecting high demand for flats among the Bangladeshi expatriates, REHAB officials said. This opportunity has come at...
US oil company Chevron , which has invested more than $1.0 billion in Bangladesh to explore natural gas, said on Tuesday it would make further investment as the government has asked it to raise production, reports Reuters. Chevron is currently...
'World economic recession looms' PERTH, Australia, Oct 25: The world's advanced economies face a more than 50 percent chance of plunging into recession in the next year as the eurozone crisis rattles markets, an economist dubbed "Dr. Doom" said Tuesday....
BEIJING, Oct 25 (Xinhuanet): China hopes to increase investments in the United States, which will boost the country's economy and create jobs, said China's top diplomat to the US last Sunday. Speaking at the fifth China-US Relations Conference, Zhang Yesui,...
COLOMBO, Oct 25 (LBO): Sri Lanka has cancelled the sale without tender of prime land in the capital to a Chinese defence contractor to build a hotel and is renegotiating the deal with alternate land being offered. Minister of Economic...
MUMBAI, Oct 25 (Reuters): When even the man who is building the world's tallest residential tower speaks of real-estate slowdown that could last for years, it is clear the foundations of a once-soaring industry are starting to shake. Behind gleaming...
The Benchmark General Index DGEN ended in the green to register gain of almost 1.5% although turnover remained subdued at 3.50bn, a decline of 16.56% from the previous day's trading. Following previous day's sharp sell-off, market gained lost grounds on...
KARACHI, Oct 25 (PPI): The Karachi Chamber of Commerce and Industry (KCCI) would explore the Nigerian market in order to find opportunities that abound for them and also called on their Nigeria counterparts to do same as there are a...
FE Report Effective intellectual property rights (IPR) system can further contribute to the economic growth of Bangladesh by rewarding creativity and promoting talents of the people, experts said at a national forum Tuesday. They also stressed the need for acclerating...
SINGAPORE, Oct 25 (Reuters): Gold prices held steady Tuesday, as investors wait for European leaders to work out a strategy to solve the euro zone debt crisis at a meeting today (Wednesday), while resilient physical demand from Asia also lent...
TOKYO, Oct 25 (AFP): Japanese Finance Minister Jun Azumi on Tuesday said Europe was close to a resolution of its debt crisis and urged the continent's leaders to close the deal for the sake of the global economy. "The European...
The weekly tea sale Tuesday was marked by sluggish demand that worsened as the sale progressed and a lot of teas were withdrawn without bids particularly towards the close, reports UNB. Blenders operated with less strength whilst there was only...
Jasim Uddin Haroon The government has prepared a set of draft rules for the country's ship breaking and ship recycling yards, incorporating some stringent measures like formation of a board, amid strong opposition from the main stakeholders. The proposed board...
Qatar Airways has announced plans to launch scheduled flights to Benghazi, Libya's north eastern Mediterranean port city and major economic and trade centres, from November 1, according to a press release. Operating four-times-a-week non-stop from Doha, the newest route will...
NEW DELHI, Oct 25 (Reuters): India passed a flagship policy Tuesday to encourage manufacturing by streamlining labour and environmental rules in industrial parks, a move it says is key to create jobs and keep Asia's third-largest economy on a fast-growth...
GAIBANDHA, Oct 25 (BSS): Speakers at a function in Gaibandha on Monday said teachers' community could play significant role in making their institutions free from smoking in a bid to protect the learners from hazardous diseases. "Negative impacts and bad...
RU Correspondent RAJSHAHI UNIVERSITY, Oct 25: Dr. Ramendra Nath Gosh, a retired professor of Philosophy department of the Rajshahi University (RU) passed away at his residence on Tuesday at noon. He was 70 at the time of death. He left...
MUNSHIGANJ, Oct 25 (UNB): The body of an adolescent boy was recovered from a water body after two days of his missing at Baroikhali village in Srinagar upazila in Munshiganj on Monday noon. The deceased was identified as Apu Khandakar,...
Our Correspondent RANGPUR, Oct 25: Automated clearing house of Bangladesh Bank (BB) Rangpur has been launched here on Monday for faster settlement of transactions and payment systems as part of its move to digitalise the banking system. Deputy Governor of...
MYMENSINGH, Oct 25 (BSS): Two people were killed in a road accident at Godaria on Mymensingh-Sherpur road under Phulpur upazila in Mymensingh today (Tuesday). Eyewitnesses said that the accident took place when a Sherpur bound pick-up van from Phulpur collided...
SIRAJGANJ, Oct 25 (UNB): A man was beaten to death allegedly by his uncle over land dispute at Fakirpara village in Shahjadpur upazila in Sirajganj on Monday. Police said Ismail, a village doctor, had enmity with his nephew Tekka Mollah...
Our Correspondent PABNA, Oct 25: Rapid Action Battalion (RAB) arrested three activists of an outlawed party from Kashinathpur village of Santhia upazila of the district early Tuesday. They also recovered two firearms and ammunitions from them. The arrestees are identified...
Our Correspondent NILPHAMARI, Oct 25: A huge quantity of spices are being smuggled from India into the country's bordering areas of Dinajpur and Joypurhat district ahead of Eid-ul-Azha. Sources said demand for spices that remains at a nominal level round...
MYMENSINGH, Oct 25(BSS): A five-day Shyama Puja will be celebrated in Mymensingh district from Wednesday. Shyama Puja, one of the greatest religious festivals of the Hindu community, will he held at around 1000 puja mandaps in the district including 165...
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