Mohammad MufazzalA government committee has drawn up 'strict' rules for floating of stakes in 21 state-owned enterprises, suggesting that the authorities must re-valuate the firms before their shares are put up for sale. The four-member body led by SK Sur,...
The 26th annual general meeting (AGM) of National Credit and Commerce (NCC) Bank Limited has approved 32 per cent stock dividend (bonus share) for the year that ended on December 31, 2010. The AGM was held in the city recently....
President of Bharti Airtel, one of the mobile service providers in India, Atul Bindal visited Dhaka recently on a short tour. During his visit, he met with Editor of the Financial Express (FE) Moazzem Hossain and discussed various issues on...
FE ReportThe Dhaka Sheraton Hotel is going to start its new journey with the name 'Ruposhi Bangla Hotel' from today (Sunday), under the management of the state-owned Bangladesh Services Ltd (BSL). General manager of the hotel Mahfuzur Rahman Saturday said...
The 23rd annual general meeting (AGM) of Reliance Insurance Limited has approved 35 per cent stock dividend for the year that ended on December 31, 2010. The AGM was held in the city Saturday. Chairman of the board of directors...
Mr Irteza Reza Chowdhury and Mr Mohammed Roshangir have been promoted to the post of deputy managing directors (DMDs) of Bank Asia Limited recently, said a press release. Prior to their promotion, Mr Irteza Reza Chowdhury was the senior executive...
M Nurul Islam, former additional managing director of Mercantile Bank Limited, died at his residence at 'Priyoprangan' of Paribag in the city Friday. He was 72, said a press release. He left behind his wife, two sons, one daughter and...
FE ReportA doa mahfil, seeking eternal peace of the soul of late advocate AM Altaf Hossain, former member of Jamalpur District Bar Association, will be held at his Rampura residence in the city after Asr prayers today (Sunday). AM Altaf...
M Azizur RahmanChinese oil and gas firm Sinopec Shengli Oilfield Services is the lone international firm to submit proposal for developing four onshore gas structures in Chittagong Hill Tracts (CHT) under joint venture with the state-owned Bapex, a top government...
Dhaka Metropolitan Police (DMP) Saturday announced the restriction on all kinds of mass rallies and processions as well as carrying all types of sticks, lethal weapons, explosives and firearms at Muktangan, Paltan Maidan, Zero Point, North and South gates of...
Iraqi Prime Minister (PM) Nouri al-Maliki made a brief stopover at Hazrat Shahjalal International Airport (HSIA) in the city Saturday on his way home from South Korea. Minister for Industries Dilip Barua received the Iraqi PM as he arrived for...
A four-member delegation headed by Finance Minister AMA Muhith will leave Dhaka for Hanoi today (Sunday) to take part in the 44th Board of Governors Meeting of the Asian Development Bank (ADB) to be held in the Vietnamese capital on...
DALIAN, April 30 (Xinhua): Export from some northeast China provinces are surging to feed Japan's hunger for food and raw materials as the country is recovering from a quake and nuclear crisis. Wang Jijie, manager of Qingdao Sungree Food Co,...
DUBAI, April 30 (AMEinfo.com): Abu Dhabi achieved a 10-per cent rise in hotel guests in the first quarter of this year compared to last with increases also recorded for guest nights, occupancy levels, revenue and length of stay. "It's been...
KARACHI, April 30 (Daily Times): The businessmen have welcomed the trade talks between Pakistan and India and termed them as new milestone to have better trade relations of the two neighbouring countries. President of Pakistan-India Chamber of Commerce and Industry...
TOKYO, April 30 (AFP): Japan's foreign minister says the country is open for business and travel as domestic firms are recovering at "surprising speed" from the aftermath of the March 11 earthquake and tsunami. "We promise all of you that...
MILAN, April 30 (Bloomberg): Assicurazioni Generali SpA (G), Italy's largest insurer, said first-quarter gross premiums fell 8.3 per cent, affected by a contraction of single premiums at its life-insurance business. Total premiums decreased to 19.1 billion euros ($28.3 billion) in...
JAKARTA, April 30 (AFP): Chinese Premier Wen Jiabao said Saturday Beijing wants to boost cooperation in trade and security with the 10-member Association of Southeast Asian Nations (ASEAN). In a policy speech on the last day of a three-day visit...
NEW YORK, April 30 (AFP): Caterpillar, the world's largest heavy equipment maker, reported Friday record first-quarter profit on strong demand and raised its outlook for the full year. Caterpillar said it had "record" profit for the first quarter of $1.22...
FE ReportA doa mahfil, seeking eternal peace of the soul of late advocate AM Altaf Hossain, former member of Jamalpur District Bar Association, will be held at his Rampura residence in the city after Asr prayers today (Sunday). AM Altaf...
M Azizur RahmanChinese oil and gas firm Sinopec Shengli Oilfield Services is the lone international firm to submit proposal for developing four onshore gas structures in Chittagong Hill Tracts (CHT) under joint venture with the state-owned Bapex, a top government...
Dhaka Metropolitan Police (DMP) Saturday announced the restriction on all kinds of mass rallies and processions as well as carrying all types of sticks, lethal weapons, explosives and firearms at Muktangan, Paltan Maidan, Zero Point, North and South gates of...
Iraqi Prime Minister (PM) Nouri al-Maliki made a brief stopover at Hazrat Shahjalal International Airport (HSIA) in the city Saturday on his way home from South Korea. Minister for Industries Dilip Barua received the Iraqi PM as he arrived for...
A four-member delegation headed by Finance Minister AMA Muhith will leave Dhaka for Hanoi today (Sunday) to take part in the 44th Board of Governors Meeting of the Asian Development Bank (ADB) to be held in the Vietnamese capital on...
RAJSHAHI, Apr 30 (BSS): The Rajshahi Krishi Unnayan Bank (RAKUB) has disbursed Tk 304.50 million among the small and medium entrepreneurs during the first nine months of the current 2010-2011 fiscal aimed at strengthening the small and medium enterprise (SME)...
CHICAGO, Apr 30 (Xinhua): The Chicago grains market posted a strong rebound Friday, after a deep correction in the prior day, which was seen as somewhat overdone and thus attracted funds' buying. The rainy weather in the next few weeks...
SHANGHAI, Apr 30 (Bloomberg): China, the world's fastest-growing major economy, may face a summer power shortage of 30 million kilowatts as supply lags behind demand growth, the China Electricity Council said. Some regions are facing shortfalls that are "bigger and...
BOGOTA, Apr 30 (Bloomberg): Colombia's central bank increased borrowing costs for a third month in a bid to head off inflationary pressure while also pledging to maintain efforts to restrain the peso's rally. The seven-member board increased the benchmark interest...
HANOI, Apr 30 (AFP): Vietnam Friday announced fresh hikes to key interest rates as it battles to tame the country's worsening inflation, the highest in Southeast Asia. The refinancing rate will rise to 14 per cent beginning Sunday, up from...
JAKARTA, April 30 (AFP): Chinese Premier Wen Jiabao said Saturday Beijing wants to boost cooperation in trade and security with the 10-member Association of Southeast Asian Nations (ASEAN). In a policy speech on the last day of a three-day visit...
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