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MTB sees profit growth by 21pc

2011-03-29 00:00:00

FE ReportThe 13th Extraordinary General Meeting (EGM) and 12th Annual General Meeting (AGM) of Mutual Trust Bank Limited (MTB) were held Monday at the Bangabandhu International Conference Centre in the city. MTB Chairman Samson H. Chowdhury presided over both the...

Dhaka stocks up after four consecutive days

2011-03-29 00:00:00

FE ReportDhaka stocks bounced back Monday with encouraging rise in the turnover after four consecutive days due to increased participation from institutional investors. DGEN, the benchmark of Dhaka Stock Exchange (DSE) made a hefty gain of 148.88 points or 2.44...

Show cause notice served on Dhaka Insurance

2011-03-29 00:00:00

The Securities and Exchange Commission (SEC) has issued show cause cum hearing notice on Dhaka Insurance, its directors, managing director and company secretary for non-compliance with securities related laws in connection with third quarter (Q3) financial statements for the third...

Tetra Pak gets new MD in South Asia

2011-03-29 00:00:00

Tetra Pak, the world's leading food processing and packaging solutions company recently announced the appointment of Kandarp Singh as their new Managing Director for South Asia Markets (SAM). In this role, Kandarp Singh will be responsible for the Tetra Pak...

Premier Bank opens new SME Branch in Feni

2011-03-29 00:00:00

Premier Bank Limited opened a new SME Branch at Chowmuhani in Feni Sunday aiming at to expand its banking business and services nationwide, according to a press release. Executive Vice-president (EVP) of the bank Shamsuddin Chowdhury was present on the...

MoF plans to hike paid-up capital of Ansar-VDP Bank

2011-03-29 00:00:00

Nazmul AhsanThe government plans to increase the paid-up capital of Ansar-VDP Development Bank from current Tk 400 million to Tk 1.0 billion and amend the charter of the specialized bank allowing it to do general banking, a top official in...

Shrimp exporters push for cash support

2011-03-29 00:00:00

Monira MunniFrozen food exporters will push for the continuation of cash incentives when they meet with Prime Minister Sheikh Hasina at her office Wednesday, officials said Monday. A 30-member team led by newly elected president of Bangladesh Frozen Food Exporters...

Nestle, DU to conduct Nutrition Awareness Programme

2011-03-29 00:00:00

Nestlé Bangladesh Limited signed a memorandum of understanding (MoU) with Institute of Nutrition and Food Science (INFS), University of Dhaka (DU) for conducting a 'Nutrition Awareness Programme', which is a part of Nestle Healthy Kids Global Programme. In this connection...

Thailand seeks to recruit B'desh workers

2011-03-29 00:00:00

Sonia H MoniThailand can be a potential labour market for Bangladesh as the Southeast Asian nation faces workers' shortage from neighbouring Burma, Laos and Cambodia. According to online version of Bangkok Post, permanent secretary of the ministry, Somkiat Chayasriwong, said...

Local firm partners with Indian gr for poultry trade

2011-03-29 00:00:00

Nitol-Niloy Group of Bangladesh and Amrit Group of India have agreed to set up a poultry industry in the country with a view to meeting the increased demand for poultry. In this connection, a joint venture deal for investing around...

Move to insure rural people

2011-03-29 00:00:00

The government will give insurance service to the rural people through 200 Union Information and Service Centres (UISCs) across the country from next month. As per the initiative, Jiban Bima Corporation (JBC) signed a deal with the United Nations Development...

Tetra Pak gets new MD in South Asia

2011-03-29 00:00:00

Tetra Pak, the world's leading food processing and packaging solutions company recently announced the appointment of Kandarp Singh as their new Managing Director for South Asia Markets (SAM). In this role, Kandarp Singh will be responsible for the Tetra Pak...

Premier Bank opens new SME Branch in Feni

2011-03-29 00:00:00

Premier Bank Limited opened a new SME Branch at Chowmuhani in Feni Sunday aiming at to expand its banking business and services nationwide, according to a press release. Executive Vice-president (EVP) of the bank Shamsuddin Chowdhury was present on the...

Continental Ins okays 7pc stock, 5pc cash dividends

2011-03-29 00:00:00

FE ReportContinental Insurance Limited has approved seven per cent stock and five per cent cash dividends for the year that ended December 31, 2010. The approval came at the 11th annual general meeting (AGM) of the company in the city...

New GMs of Rupali Bank

2011-03-29 00:00:00

FE Report Md Wahiduzzaman Khandaker and Debasish Chakrabarty have recently joined Rupali Bank Limited (RBL) as general managers (GMs). Prior to joining the bank, Mr Wahiduzzaman had been deputy general manager (DGM) of Investment Corporation Bangladesh (ICB). He started his...

Nestle, DU to conduct Nutrition Awareness Programme

2011-03-29 00:00:00

Nestlé Bangladesh Limited signed a memorandum of understanding (MoU) with Institute of Nutrition and Food Science (INFS), University of Dhaka (DU) for conducting a 'Nutrition Awareness Programme', which is a part of Nestle Healthy Kids Global Programme. In this connection...

Thailand seeks to recruit B'desh workers

2011-03-29 00:00:00

Sonia H MoniThailand can be a potential labour market for Bangladesh as the Southeast Asian nation faces workers' shortage from neighbouring Burma, Laos and Cambodia. According to online version of Bangkok Post, permanent secretary of the ministry, Somkiat Chayasriwong, said...

Local firm partners with Indian gr for poultry trade

2011-03-29 00:00:00

Nitol-Niloy Group of Bangladesh and Amrit Group of India have agreed to set up a poultry industry in the country with a view to meeting the increased demand for poultry. In this connection, a joint venture deal for investing around...

Move to insure rural people

2011-03-29 00:00:00

The government will give insurance service to the rural people through 200 Union Information and Service Centres (UISCs) across the country from next month. As per the initiative, Jiban Bima Corporation (JBC) signed a deal with the United Nations Development...

Tetra Pak gets new MD in South Asia

2011-03-29 00:00:00

Tetra Pak, the world's leading food processing and packaging solutions company recently announced the appointment of Kandarp Singh as their new Managing Director for South Asia Markets (SAM). In this role, Kandarp Singh will be responsible for the Tetra Pak...

Premier Bank opens new SME Branch in Feni

2011-03-29 00:00:00

Premier Bank Limited opened a new SME Branch at Chowmuhani in Feni Sunday aiming at to expand its banking business and services nationwide, according to a press release. Executive Vice-president (EVP) of the bank Shamsuddin Chowdhury was present on the...

India to pay Iran for oil through German bank

2011-03-29 00:00:00

BERLIN, Mar 28 (AFP): India is set to pay Iran for billions of dollars worth of oil imports by channeling funds to Tehran via the German central bank, a German newspaper report said Monday. Under pressure from the United States...

Philips loss from TV swells as price pressure mounts

2011-03-29 00:00:00

AMSTERDAM, Mar 28 (Bloomberg): Royal Philips Electronics NV predicted a first-quarter deficit from its television division close to the loss the unit had in all of 2010, raising pressure on the incoming chief executive officer to fix the business. The...

Russia aims to boost caviar exports with fish farms

2011-03-29 00:00:00

GAMZYUKI, Russia, Mar 28 (AFP): Once the world's top exporter of black caviar, Russia is building fish farms to harvest the gourmet delicacy as it aims to bring its sturgeon stocks back from the brink. In Gamzyuki, a tiny village...

Google working on mobile payment technology

2011-03-29 00:00:00

ZURICH, Mar 28 (Reuters): Google is joining Citigroup and Mastercard to set up a mobile payment system that will turn Android phones into a kind of electronic wallet, the Wall Street Journal said, citing people familiar with the matter. The...

China's new economic power fans fear

2011-03-29 00:00:00

LONDON, Mar 28 (BBC): Public concern is growing about China's economic power, according to a poll conducted for the BBC World Service. The survey was carried out by the international polling firm GlobeScanPIPA among more than 28,000 people in 27...

Japan's Advantest to buy Verigy for $1.1b

2011-03-29 00:00:00

TOKYO, Mar 28 (Reuters): Japan's Advantest Corp, the world's No 2 maker of chip-testing equipment, said Monday it has agreed to buy US-listed Verigy Ltd for about 90.9 billion yen ($1.1 billion) to bolster its position in testers for chips...

S Korea, Japan firms plan $72m joint venture

2011-03-29 00:00:00

SEOUL, Mar 28 (AFP): South Korea's Samsung LED and Japan's Sumitomo Chemical said Monday they would form a joint venture to produce sapphire wafers, a key material in the manufacture of flat-screen electronic displays. The 50-50 joint venture will be...

Premier Bank opens new SME Branch in Feni

2011-03-29 00:00:00

Premier Bank Limited opened a new SME Branch at Chowmuhani in Feni Sunday aiming at to expand its banking business and services nationwide, according to a press release. Executive Vice-president (EVP) of the bank Shamsuddin Chowdhury was present on the...

China to lose iron ore supply monopoly by 2015

2011-03-29 00:00:00

BEIJING, Mar 28 (Commodity Online): World's rare-earth monopoly China may lose its authority over another major raw material, iron ore as increased investment in the sector by major companies boost global production, said China Mining Association. Speaking at China Iron...