Sonia H MoniOverseas sales of garment accessories could top US$12 billion by 2018 on strong shipments of apparel items, says a leader of the backward linkage industry. Rafez Alam Chowdhury, president of Bangladesh Corrugated Carton and Accessories Manufacturers and Exporters...
Arafat AraOverseas recruitment rebounded in the first quarter of 2011 due to opening of new employment opportunities in the Middle East, even as the region is hit by waves of democratic reform. According to the Bureau of Manpower Employment and...
The two polite Pakistanis who helped Osama bin Laden hide in the shadow of their country's army bought bulk food orders, chose major brands and equally favored Pepsi and Coke, neighbors and a local shopkeeper said. Rashid and Akbar Khan...
FE ReportBBS Cables launched Monday its high quality lead-free electric wires with an aim to ensure conductivity, safety and reliability. "The aim of the present government is to provide logistic and infrastructural support to the private sector while opening new...
CG Fashions Limited, a Japanese company, will set up a readymade garments unit in the Adamjee Export Processing Zone, says a statement. This fully foreign owned company will invest $9.6 million in setting up their unit and will manufacture readymade...
NEW YORK, May 3 (AFP): US drugmaker Pfizer said Tuesday that first-quarter earnings jumped 10 per cent despite a 13 per cent hit to sales of its anti-cholesterol drug Lipitor from new generic competition. Net earnings at the world's biggest...
Private jet operator, Royal Jet, expects its 2011 revenue to grow by up to 15 per cent, despite the turmoil in regional and global markets, the Abu Dhabi-based company's President and CEO, Shane Jeffree O'Hare, told the news agency. "This...
HANOI, May 3 (Reuters): Finance ministers of China, Japan and South Korea are mindful of the challenges from inflation, rising commodity prices and the increasing volatility of capital flows to the region, a draft statement seen Tuesday ahead of a...
NEW DELHI, May 3 (Economic Times): India is in no hurry to push for preferential trade agreement (PTA) with Pakistan despite agreeing to explore the idea at the recent meeting between the two countries. "We could work on a PTA...
TOKYO, May 3 (Reuters): Tokyo Electric Power may be asked to shoulder half of an estimated $49 billion in total compensation for damages stemming from its crippled nuclear power plant with other power firms to bear the rest, a Japanese...
SEOUL, May 3 (Xinhua): South Korea plans to increase zero-tariff import items from May as part of efforts to ease prices hikes, the finance ministry said Tuesday. The government will impose lower or no tariffs on 9 additional food imports...
ENGLEWOOD, Colo, May 3 (AP): Dish Network Corp, the nation's second-largest satellite TV broadcaster, reported Monday that its first-quarter net income more than doubled, helped by a patent settlement with TiVo Inc. The Englewood, Colo, company also added a net...
The Benchmark General Index DGEN continued its downtrend as the market lost 2.1%. The current market does look like a largely retail driven market and with absence of institutional and big investor's participation, market is lacking serious liquidity and adequate...
NEW YORK, May 3 (AFP): US drugmaker Pfizer said Tuesday that first-quarter earnings jumped 10 per cent despite a 13 per cent hit to sales of its anti-cholesterol drug Lipitor from new generic competition. Net earnings at the world's biggest...
Private jet operator, Royal Jet, expects its 2011 revenue to grow by up to 15 per cent, despite the turmoil in regional and global markets, the Abu Dhabi-based company's President and CEO, Shane Jeffree O'Hare, told the news agency. "This...
FE ReportThe European Union (EU) will provide technical support and training facilities to Bangladesh to help build up skilled human resources, says its envoy. William Hanna, ambassador and head of the EU Delegation in Dhaka, gave the offers during a...
UNITED ARAB EMIRATES, May 3 (AMEinfo.com): Regional governments in the Gulf should consider setting up an offset fund to reinvest in a variety of local tourism initiatives and projects to enhance opportunities for the national workforce, according to a leading...
WASHINGTON, May 3 (BBC): US manufacturing output grew last month, boosted by a weak dollar that made American goods cheaper overseas. The sector expanded to a higher-than-expected level of 60.4 in April, down from 61.2 the previous month, said the...
DUBAI, May 3 (Gulfnews): After having increased airfares by about 15 per cent this year, Emirates could be forced to raise them again this year if oil prices continue to rise, Tim Clark, Emirates President, told the news agency. "We...
KHOBAR, May 3 (Reuters): State utility company Saudi Electricity Co (SEC) has awarded General Electric (GE) contracts worth more than $500 million to help SEC add 1,680 megawatts (MW) of generation capacity, the US firm said Monday. GE is the...
MUSCAT, May 3 (Reuters): Oman will open the door to Islamic banks and also let conventional lenders run Sharia-compliant operations in a bid to grab a share of the rapidly growing Islamic finance business. A central bank official told the...
FRANKFURT, May 3 (AFP): Metro, the world's third-biggest retail distributor, posted Tuesday a first-quarter net loss of three million euros ($4.4 million) while maintaining its earnings targets for the year as a whole. Metro had reported a net loss of...
SEOUL, May 3 (AFP): South Korea's flag carrier Korean Air said Tuesday it would buy a total of seven passenger planes from Airbus and Boeing for nearly $1.58 billion. The airline said the planes-five Airbus A330-200s and two Boeing B777-300ERs-would...
FE ReportA 10-member Bangladesh delegation is now visiting Moscow to finalise a deal with Russian oil and gas company Gazprom over energy sector cooperation, official sources said Tuesday. The team comprising experts on gas well drilling and setting up compression...
The weekly tea sale in Chittagong Tuesday was marked by much less demand, whereby prices declined quite substantially particularly for the medium and plainer varieties, according to a press release. There was some interest from the Blenders whilst Loose Tea...
SINGAPORE, May 3 (AFP): Oil eased in Asian trade today as traders digested news of Osama bin Laden's death, but analysts warned prices look set to be tied to unrest in the Arab world and the dollar's value in the...
DUBAI, May 3 (Gulfnews): After having increased airfares by about 15 per cent this year, Emirates could be forced to raise them again this year if oil prices continue to rise, Tim Clark, Emirates President, told the news agency. "We...
KHOBAR, May 3 (Reuters): State utility company Saudi Electricity Co (SEC) has awarded General Electric (GE) contracts worth more than $500 million to help SEC add 1,680 megawatts (MW) of generation capacity, the US firm said Monday. GE is the...
MUSCAT, May 3 (Reuters): Oman will open the door to Islamic banks and also let conventional lenders run Sharia-compliant operations in a bid to grab a share of the rapidly growing Islamic finance business. A central bank official told the...
FRANKFURT, May 3 (AFP): Metro, the world's third-biggest retail distributor, posted Tuesday a first-quarter net loss of three million euros ($4.4 million) while maintaining its earnings targets for the year as a whole. Metro had reported a net loss of...
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