FE Report A Term Sheet Signing Programme was executed recently between United Commercial Bank Limited (UCBL) and Bangladesh Steel Re-Rolling Mills Limited (BSRM) for arranging Syndicated Term Loan amounting BDT 2800.00 million for the BMRE project of the company. UCBL...
FE Report Bangladesh Bank (BB) governor Dr Atiur Rahman Wednesday underscored the need for setting up skill development centres (SDCs) for potential overseas jobseekers, which can help raise the flow of remittances. He also urged banks to build SDCs as...
Prime Bank Limited opened its 60th ATM booth at the premises of the corporate office of the Bank at Gulshan Avenue, Dhaka Tuesday. Vice Chairman of the Executive Committee of the Bank Tanjil Chowdhury inaugurated the booth as the chief...
New York-October 7, 2011 - Citi today announced that its Treasury and Trade Solutions business was voted the number 1 Cash Management Bank globally for the fifth consecutive year in Euromoney's annual cash management survey. In addition to capturing the...
FE Report Telecom regulator has identified 16 types of irregularities by the country's top cell phone operator Grameenphone (GP) alongwith its Tk 30 billion unpaid money detected by audit team. The chairman of Bangladesh Telecommunication Regulatory Commission (BTRC) Zia Ahmed...
Syful Islam Establishment of a free trade area (FTA) under the aegis of BIMSTEC (Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) may cost Bangladesh Tk 4.0 billion a year in revenue losses, trade officials said Wednesday....
President M Zillur Rahman Wednesday observed that providing modern training on disaster preparedness to young and local people is important in disaster risk reduction, reports BSS. "Participation and cooperation of all concerned especially local people and the youth is imperative...
SHANGHAI, Oct 11 (AFP): Andy Roddick refocused after losing his cool Tuesday to reach the third round of the Shanghai Masters with a 7-6 (73), 7-5 win as top American Mardy Fish crashed out to Australian teen Bernard Tomic. Tenth...
THIMPHU, Oct 11 (AFP): Bhutan's king, an Oxford graduate and "prince charming of the Himalayas", is set to marry Thursday at what promises to be an emotional moment for the 700,000 adoring subjects of his isolated nation. Jigme Khesar Namgyel...
KABUL, Oct 11 (AFP): Opium production in Afghanistan is set to rise by nearly two-thirds this year, with farmers' revenues set to soar compared to last year's harvest blighted by disease, the United Nations said Tuesday. Ten years after the...
TAIPEI, Oct 11 (AFP): Former US defence secretary Donald Rumsfeld insisted Tuesday that further United States arms sales to Taiwan were needed as China continued with its ambitious military modernisation plans. Rumsfeld, who considers himself "a longtime friend of Taiwan",...
Arafat Ara Panic has gripped an estimated 2.5 million Bangladeshis in Saudi Arabia after beheading of eight fellows last Friday, expatriates living in the oil-rich Arab nation say. They fear that any migrant can be entangled in the "horrible" circumstances...
FHM Humayan Kabir The government will set up a large bio-fertiliser plant beside Carew and Co (BD)'s sugar mill at Darshana in Chuadanga to produce 9,000 tonnes of organic fertiliser a year from its by-products, officials said Wednesday. Industries ministry...
FE Report The paid-up capital of Karmasangsthan Bank is likely to be raised from Tk 4.50 billion to Tk7.50 billion to cater to the need of bank loans for a vast number of unemployed youths of the country, a high...
Pankaj Dastider CHITTAGONG, October 11: Karnafuli Shoe Industries Ltd, owned by apparel titan Youngone Group, is unlikely to go into trial production before December as power and gas shortage has delayed the process. The shoe making plant, located at the...
FE Report Women entrepreneurs have called upon banks to channel 10 per cent of their total loan portfolio to women-led projects as per the central bank directive. They have also underscored need for simplifying the lending system and make the...
Bangladesh Submarine Cable Company Limited(BSCCL) has declared a 20 per cent cash dividend for the shareholders for the year ended on 30 June 2011. The declaration came at the 3rd Annual General Meeting (AGM) of the company in the city...
NEW DELHI, Oct 12: India and Vietnam Wednesday signed an accord to promote oil exploration in Vietnamese waters, despite Hanoi's long-standing dispute with China over sovereignty of islands in the South China Sea. The agreement was signed in New Delhi...
NEW YORK, Oct 12: Alcoa Inc , the largest U.S. aluminum producer, said an economic slowdown hurt demand and knocked prices for the metal lower, denting its third-quarter profit and sending its shares down in after-hours trading. CEO Klaus Kleinfeld...
SHANGHAI, Oct 11 (AFP): Andy Roddick refocused after losing his cool Tuesday to reach the third round of the Shanghai Masters with a 7-6 (73), 7-5 win as top American Mardy Fish crashed out to Australian teen Bernard Tomic. Tenth...
THIMPHU, Oct 11 (AFP): Bhutan's king, an Oxford graduate and "prince charming of the Himalayas", is set to marry Thursday at what promises to be an emotional moment for the 700,000 adoring subjects of his isolated nation. Jigme Khesar Namgyel...
KABUL, Oct 11 (AFP): Opium production in Afghanistan is set to rise by nearly two-thirds this year, with farmers' revenues set to soar compared to last year's harvest blighted by disease, the United Nations said Tuesday. Ten years after the...
TAIPEI, Oct 11 (AFP): Former US defence secretary Donald Rumsfeld insisted Tuesday that further United States arms sales to Taiwan were needed as China continued with its ambitious military modernisation plans. Rumsfeld, who considers himself "a longtime friend of Taiwan",...
BEIJING, Oct 12 (Reuters): China urged the Obama administration to block a US bill aimed at pressing Beijing to lift the yuan's value, raising the risk of further strains between the world's top two economies even if warnings of a...
SEOUL, Oct 12 (Xinhua): South Korea's jobless rate stayed unchanged at 3 per cent in September from a month earlier, but job growth slowed down due to a one-off factor, a government report showed Wednesday. The unemployment rate stood at...
BRASILIA, Oct 12 (Xinhua): The Brazilian National Industry Confederation (CNI) Tuesday revised down its forecast for Brazil's economic growth this year to 3.4 per cent from 3.8 per cent due to the effects of the world economic crisis. According to...
NEW DELHI, Oct 12 (PTI): Country's exports maintained their growth momentum in September, 2011, rising by 36.3 per cent year-on-year to $24.8 billion, though there was a "deceleration" due to uncertainty in the US and Europe, Commerce Secretary Rahul Khullar...
LONDON, Oct 12 (Reuters): The number of unemployed in Britain jumped to its highest level since 1994 as private companies failed to make up for the job losses in the public sector, fuelling fears that the country may slip into...
KUALA LUMPUR, Oct 12 (Reuters): Malaysian-based budget carrier AirAsia Bhd said Tuesday it had decided not to proceed with a proposed joint venture with Vietjet Aviation Joint Stock Company. AirAsia said in a filing to the Kuala Lumpur stock exchange...
The Benchmark General Index DGEN finally bucked the sharp downtrend that hit the market this week and registered gain of 1.25%. Upon resumption of trading, market continued to head south, losing almost 150 points on thin volume as retail investors...
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