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Rahimafrooz Superstores, Qubee sign agreement

2011-03-17 00:00:00

Qubee and Rahimafrooz Superstores Ltd signed an agreement Tuesday to provide internet connection to the consumers at the Agora superstores from now on, said a press statement. Jerry Mobbs, CEO of Qubee and Ranjan De Silva, CEO of Rahimafrooz Superstores...

Problem loans are on wane

2011-03-17 00:00:00

The amount and percentage of default loans witnessed a decline in the recent times.The aggregate amount of default loans in the last quarter of the calendar year, 2010, until December 31 stood at Tk 227.09 billion (22,709 crore), which was...

Ericsson sees no material impact on sales for Q1

FE Report | 2011-03-17 00:00:00

FE ReportEricsson has extended its condolences to the Japanese people in the tragic situation and remains fully committed to supporting all customers in any way possible in securing that the vital mobile networks are functioning satisfactorily. "Ericsson has to date...

Robi employees pray for victims

2011-03-17 00:00:00

Employees of Robi Axiata Limited observed a minute silence in memory of the victims of the devastating earthquake and tsunami that hit Japan recently. About seven hundred Dhaka-based employees gathered at the Bangabandhu International Conference Centre in the city on...

Get 'constructive' on corporate tax, EU's Rehn tells Ireland

2011-03-17 00:00:00

BRUSSELS, Mar 16 (AFP): EU economic affairs chief Olli Rehn urged Ireland Tuesday to take a "constructive" approach to plans for a single business taxation regime across Europe. Rehn's intervention, on the eve of new plans being put forward by...

Asian Tiger Capital Partners market update on DSE

2011-03-17 00:00:00

Mar 16, 2011 Overview: The DGEN went up by 1.48% to close at 6411.92 points. The total transaction was worth BDT 13.43 bn. Price of 214 Issues appreciated whereas 37 Issues declined and 5 others remained unchanged. Events: The benchmark...

Swiss agency hands over 4 cyclone shelters

2011-03-17 00:00:00

Swiss Agency for Development and Cooperation (SDC) has completed construction of four multipurpose cyclone shelters at Morelganj upazila in Bagerhat, said a press statement. Urs Herren, ambassador of Switzerland to Bangladesh, handed over the shelters to the local communities on...

Call to reschedule BGMEA poll

FE Report | 2011-03-17 00:00:00

FE ReportA section of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has demanded rescheduling of the upcoming election to the association as what it said the present voter list contains at least 25 per cent fake voters. "We are for...

Energy saving project launched

FE Report | 2011-03-17 00:00:00

FE ReportState-run standards watchdog has undertaken a programme to raise awareness about the use of energy saving products to combat energy crisis. Global Environment Facility (GEF) has approved $7.0 million for the BRESL project to save energy and raise awareness...

Rahimafrooz Superstores, Qubee sign agreement

2011-03-17 00:00:00

Qubee and Rahimafrooz Superstores Ltd signed an agreement Tuesday to provide internet connection to the consumers at the Agora superstores from now on, said a press statement. Jerry Mobbs, CEO of Qubee and Ranjan De Silva, CEO of Rahimafrooz Superstores...

Problem loans are on wane

2011-03-17 00:00:00

The amount and percentage of default loans witnessed a decline in the recent times.The aggregate amount of default loans in the last quarter of the calendar year, 2010, until December 31 stood at Tk 227.09 billion (22,709 crore), which was...

Bank of Japan emergency funding hits nearly $700b

2011-03-17 00:00:00

TOKYO, Mar 16 (AP): Japan's central bank continued to flood money markets with cash Wednesday, bringing its total emergency funding to nearly $700 billion as it tries to soothe fears about the economic impact of the catastrophic earthquake, tsunami and...

China Mobile 2010 net profit up 3.9pc

2011-03-17 00:00:00

HONG KONG, Mar 16 (Xinhua): China Mobile, the world's largest mobile network operator by subscribers, said Wednesday its net profit rose 3.9 per cent last year to 119.64 billion yuan (about 18. 20 billion US dollars). Revenue for the 12...

Sri Lanka mobile phone margins seen under pressure

2011-03-17 00:00:00

COLOMBO, Mar 15 (LBO): Profit margins of Sri Lankan mobile phone operators are likely to come under pressure as the market matures and competition intensifies, a Fitch Ratings report said. The industry is now benefitting from the pent-up demand from...

Foreign bankers flee Tokyo as nuclear crisis deepens

2011-03-17 00:00:00

TOKYO, Mar 16 (Reuters): Foreign bankers are fleeing Tokyo as Japan's nuclear crisis worsens, scrambling for commercial and charter flights out of the country and into other major cities in the region. BNP Paribas, Standard Chartered and Morgan Stanley were...

Europe's car sales edge higher in February

2011-03-17 00:00:00

PARIS, Mar 16 (Reuters): New passenger car sales in the European Union edged up 0.9 per cent year-on-year in February, industry association ACEA said in a statement Wednesday. Carmakers are looking to booming markets like Brazil, Russia and China --...

Japan-Bolivia trade won't be affected by quake

2011-03-17 00:00:00

LA PAZ, Mar 16 (Xinhua): The embassy of Japan in Bolivia said Tuesday trade and cooperation between the two countries will not suffer any negative effects from the devastating 9-magnitude earthquake and tsunami in the Asian country. The comments come...

PFD releases funds of Rs 3.8m for weekly bazaars

2011-03-17 00:00:00

BAHAWALPUR, Mar 16 (APP): Punjab Finance Department (PFD) has released funds of Rs 3.8 million for the construction of new model Friday and Sunday Bazaars in the district. According to the official sources, overall funds of Rs 56.9 million have...

Toyota Motors to invest in Rs 3.0b in India

2011-03-17 00:00:00

NEW DELHI, Mar 16 (Economic Times): Toyota Motors Corp (TMC) will invest Rs 3.0 billion to enhance capacity of its Indian subsidiary by 60,000 units in the next one year. Toyota Kirloskar Motors (TKM), the local subsidiary of the Japanese...

Problem loans are on wane

2011-03-17 00:00:00

The amount and percentage of default loans witnessed a decline in the recent times.The aggregate amount of default loans in the last quarter of the calendar year, 2010, until December 31 stood at Tk 227.09 billion (22,709 crore), which was...

Oil turns mixed in Asian trade

2011-03-17 00:00:00

SINGAPORE, Mar 16 (AFP): World oil prices were mixed in Asian trade Wednesday as the crisis over an earthquake-damaged nuclear power plant in Japan intensified. Unrest in Middle East oil producer Bahrain also helped dampen sentiment, which had been cheered...

Telecom gear makers to feel Japan supply squeeze

2011-03-17 00:00:00

STOCKHOLM, Mar 16 (Reuters): Top mobile telecom equipment makers Ericsson and Alcatel-Lucent are braced for a supply squeeze following Japan's earthquake, adding to fears for a sector hampered by shortages. Japan, a dominant chip industry player with around a fifth...

Sri Lanka mobile phone margins seen under pressure

2011-03-17 00:00:00

COLOMBO, Mar 15 (LBO): Profit margins of Sri Lankan mobile phone operators are likely to come under pressure as the market matures and competition intensifies, a Fitch Ratings report said. The industry is now benefitting from the pent-up demand from...

Foreign bankers flee Tokyo as nuclear crisis deepens

2011-03-17 00:00:00

TOKYO, Mar 16 (Reuters): Foreign bankers are fleeing Tokyo as Japan's nuclear crisis worsens, scrambling for commercial and charter flights out of the country and into other major cities in the region. BNP Paribas, Standard Chartered and Morgan Stanley were...

Europe's car sales edge higher in February

2011-03-17 00:00:00

PARIS, Mar 16 (Reuters): New passenger car sales in the European Union edged up 0.9 per cent year-on-year in February, industry association ACEA said in a statement Wednesday. Carmakers are looking to booming markets like Brazil, Russia and China --...

Japan-Bolivia trade won't be affected by quake

2011-03-17 00:00:00

LA PAZ, Mar 16 (Xinhua): The embassy of Japan in Bolivia said Tuesday trade and cooperation between the two countries will not suffer any negative effects from the devastating 9-magnitude earthquake and tsunami in the Asian country. The comments come...

PFD releases funds of Rs 3.8m for weekly bazaars

2011-03-17 00:00:00

BAHAWALPUR, Mar 16 (APP): Punjab Finance Department (PFD) has released funds of Rs 3.8 million for the construction of new model Friday and Sunday Bazaars in the district. According to the official sources, overall funds of Rs 56.9 million have...

Toyota Motors to invest in Rs 3.0b in India

2011-03-17 00:00:00

NEW DELHI, Mar 16 (Economic Times): Toyota Motors Corp (TMC) will invest Rs 3.0 billion to enhance capacity of its Indian subsidiary by 60,000 units in the next one year. Toyota Kirloskar Motors (TKM), the local subsidiary of the Japanese...

Problem loans are on wane

2011-03-17 00:00:00

The amount and percentage of default loans witnessed a decline in the recent times.The aggregate amount of default loans in the last quarter of the calendar year, 2010, until December 31 stood at Tk 227.09 billion (22,709 crore), which was...

Sharp fall in Padma water level hampers irrigation in Shariatpur

2011-03-17 00:00:00

SHARIATPUR, Mar 16 (UNB) :The water level of the river Padma in Shariatpur has fallen sharply, to its lowest on record, hampering irrigation during the peak boro season. Locals said that massive sand dunes and chars have emerged on the...