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Cos' board meet

2011-03-15 00:00:00

RN Spinning Mills: A meeting of the board of directors of the company will be held on March 20, at 4pm to consider, among others, audited financial statements of the company for the year that ended on December 31, '10....

Spot market trading

2011-03-15 00:00:00

Trading of the shares of Eastland Insurance Limited will be allowed only in the spot market and blockodd lot transactions will also be settled as per spot settlement cycle with cum benefit from today (Tuesday) to March 20. Trading of...

SEC proposes change in book building method

2011-03-15 00:00:00

Mohammad MufazzalThe Securities and Exchange Commission (SEC) has sent to the finance ministry for approval a guideline that, among others, contains the maximum allowable price-earning (PE) ratio at 15 for a company willing to go public under the book building...

Tenants groan as landlords hike rents illogically

2011-03-15 00:00:00

Jubair HasanMillions of tenants in the capital are the victims to the whims of a section of landlords, who on occasions, increase house rents illogically in the absence of any specific law to bar them from doing so. An abnormal...

Treatment in Singapore

2011-03-15 00:00:00

A medical team comprising Prof Tay Boon Keng, chairman, Medical Board International, SingHealth; Dr A K Mitra, Senior Consultant, Department of Orthopaedic Surgery, Singapore General Hospital; Dr Felix Keng Yung Jih, Senior Consultant, Department of Cardiology, National Heart Center, Singapore;...

Concern at proposed Water Act

2011-03-15 00:00:00

FE ReportLawmakers, development actors and academics have criticised the government move to limit people's right to access to water by allowing commercial entities in management of the national resources. No private company should be given the responsibility of management of...

Sheltech fair response good, says Seraj

2011-03-15 00:00:00

Middle-income group rushed to Sheltech spring fair 2011 to snap up plots in Dhaka's adjacent areas, considering it to be "safe" and "profitable" investment. "Our response is beyond our expectation. And it is the middle-income people who are very much...

Syngenta to share expertise with Shakti

2011-03-15 00:00:00

Shakti Foundation, a leading micro-credit organisation, and Syngenta Bangladesh Limited signed a memorandum of understanding Monday for training of disadvantaged women. Nazmul Ahsan, director of Shakti Agro Development Programme, and Sarwar Ahmed, managing director of Syngenta Bangladesh Limited, signed the...

NBR to net VAT dodgers thru' electronic data

2011-03-15 00:00:00

Doulot Akter MalaThe National Board of Revenue (NBR) will create an electronic database system to help identify businesses that often avoid VAT (value added tax) returns. The database will be developed under the MOVE (modernisation of VAT environment) programme, which...

Dhaka, Saskatchewan ink MoU to boost trade

2011-03-15 00:00:00

FE Report Bangladesh and the Saskatchewan province of Canada reached a memorandum of understanding (MoU) Monday in a bid to promote bilateral trade and commerce. Mr Lionel LaBelle, president of Saskatchewan Trade and Export Partnership (STEP) and Brigadier General Sarwar...

Rok firm to provide hi-tech solutions for FIs

2011-03-15 00:00:00

Sonia H MoniSouthtech Ltd, a local software company, has recently signed an agreement with Dongbu CNI Co Ltd, a South Korean multinational company, to introduce sophisticated and hi-tech solutions for financial institutions in Bangladesh. Southtech managing director Syed Mamnun Quader...

Correction

2011-03-15 00:00:00

Huawei authorities would like to clarify that the CEO was wrongly quoted in the news as he did not make any sales forecast for Huawei business in Bangladesh for the next 10 years. Bangladesh unit of Huawei Technologies Co. Ltd...

Draft salt policy okayed

2011-03-15 00:00:00

The cabinet has approved the draft National Salt Policy-2011 with a view to slashing import and ensuring its fair price. The approval came at a meeting Monday with Prime Minister Sheikh Hasina in the chair, PM's spokesperson Abul Kalam Azad...

Tanners' relocation to Savar embroiled in row

2011-03-15 00:00:00

Asaduzzaman PallabShifting of tannery firms at Hazaribagh to Savar remains uncertain, despite a High Court order to relocate such firms by March. People familiar with the situation said the rigid stance of owners and the government over who would finance...

Tahsin elected AAA president

2011-03-15 00:00:00

Tahsin Aman, vice chairman of Aman Group of Companies, has been elected president of American Alumni Association (AAA) for a two-year term from March 2011, said a press statement. Md Mujibul Hoque and Mustofa M Kamal have been elected secretary...

Masud made DMD of BKB

2011-03-15 00:00:00

Masud Ahmed Khan has joined Bangladesh Krishi Bank (BKB) as deputy managing director (DMD) recently. Prior to this promotion, he was the general manager of the same bank, said a press statement. Mr Khan started his career as a senior...

BRAC Bank wins best retail bank award by Asian Banker

2011-03-15 00:00:00

FE ReportBRAC Bank has been named the sole winner for Best Retail Bank in Bangladesh at the 10th International Excellence in Retail Financial Services Awards Programme. The bank received the award at The International Excellence in Retail Financial Services 2011...

MTB launches Privilege Banking

2011-03-15 00:00:00

Mutual Trust Bank (MTB) Limited has introduced Privilege Banking offering exclusive banking services and benefits as part of its affluent value strategy. Bank's Founding Chairman Syed Manzur Elahi inaugurated the new banking platform at a simple ceremony in the city...

Asian Tiger Capital Partners market update on DSE

2011-03-15 00:00:00

Mar 14, 2011 Overview: The DGEN went up by 4.51% to close at 6457.98 points. The total transaction was worth BDT 10.59 bn. Price of 239 Issues appreciated whereas 12 Issues declined and 3 others remained unchanged. Events: The market...

Dhaka, Saskatchewan ink MoU to boost trade

2011-03-15 00:00:00

FE Report Bangladesh and the Saskatchewan province of Canada reached a memorandum of understanding (MoU) Monday in a bid to promote bilateral trade and commerce. Mr Lionel LaBelle, president of Saskatchewan Trade and Export Partnership (STEP) and Brigadier General Sarwar...

Rok firm to provide hi-tech solutions for FIs

2011-03-15 00:00:00

Sonia H MoniSouthtech Ltd, a local software company, has recently signed an agreement with Dongbu CNI Co Ltd, a South Korean multinational company, to introduce sophisticated and hi-tech solutions for financial institutions in Bangladesh. Southtech managing director Syed Mamnun Quader...

Correction

2011-03-15 00:00:00

Huawei authorities would like to clarify that the CEO was wrongly quoted in the news as he did not make any sales forecast for Huawei business in Bangladesh for the next 10 years. Bangladesh unit of Huawei Technologies Co. Ltd...

Draft salt policy okayed

2011-03-15 00:00:00

The cabinet has approved the draft National Salt Policy-2011 with a view to slashing import and ensuring its fair price. The approval came at a meeting Monday with Prime Minister Sheikh Hasina in the chair, PM's spokesperson Abul Kalam Azad...

Tanners' relocation to Savar embroiled in row

2011-03-15 00:00:00

Asaduzzaman PallabShifting of tannery firms at Hazaribagh to Savar remains uncertain, despite a High Court order to relocate such firms by March. People familiar with the situation said the rigid stance of owners and the government over who would finance...

Tahsin elected AAA president

2011-03-15 00:00:00

Tahsin Aman, vice chairman of Aman Group of Companies, has been elected president of American Alumni Association (AAA) for a two-year term from March 2011, said a press statement. Md Mujibul Hoque and Mustofa M Kamal have been elected secretary...

Masud made DMD of BKB

2011-03-15 00:00:00

Masud Ahmed Khan has joined Bangladesh Krishi Bank (BKB) as deputy managing director (DMD) recently. Prior to this promotion, he was the general manager of the same bank, said a press statement. Mr Khan started his career as a senior...

Zain accepts bid for Saudi unit

2011-03-15 00:00:00

DUBAI, Mar 14 (AP): Kuwaiti telecommunications firm Zain has tentatively accepted a $950-million bid for its Saudi operations, the division's joint suitors said Monday in a deal that could lead to further consolidation for the Mideast's mobile service providers. Saudi...

Asia to test Japan food imports for radiation

2011-03-15 00:00:00

MANILA, Mar 14 (Reuters): South Korea, Hong Kong, Singapore and the Philippines will test Japanese food imports for radiation, officials said Monday, and other countries may also step up monitoring as Japan tries to contain a nuclear crisis. "As far...

Sri Lanka cheap skills lure for finance outsourcing

2011-03-15 00:00:00

COLOMBO, Mar 14 (LBO): Sri Lanka is becoming an attractive location for 'finance and accounting outsourcing' (FAO) with the world's second largest pool of management accountants and wages lower than India, a report said. "The availability of a large pool...

Honda postpones preview of small car Brio in India

2011-03-15 00:00:00

NEW DELHI, Mar 14 (PTI): Japanese auto major Honda today said it has postponed the preview of its small car Brio in India, originally scheduled for March 17, due to the devastating earthquake and tsunami that hit Japan last week....