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Dow Jones SAFE index at DSE, CSE soon

2011-03-02 00:00:00

Dow Jones SAFE Bangladesh index is likely to be launched in Dhaka and Chittagong Stock Exchanges within three to six months, reports bdnews24.com A few Bangladeshi fund managers had expressed their interest to float the index, secretary general of South...

Correction in BGMEA voter list demanded

FE Report | 2011-03-02 00:00:00

FE ReportA candidate of the upcoming election of Bangladesh Garments Manufacturers Association (BGMEA) demanded Tuesday correction in the present voters' list that reportedly contains at least 25 per cent fake voters. Anwar-ul-Alam Chowdhury Parvez, president candidate in the election from...

Businesses welcome budget 2011-12

2011-03-02 00:00:00

NEW DELHI, Mar 1, (AFP): India's finance minister warned Tuesday the country could not afford to be complacent about its growth prospects in the face of fragile global recovery and domestic challenges such as high inflation. Pranab Mukherjee's warning came...

Princess Anne visits ASF

2011-03-02 00:00:00

Princess Anne, the only daughter of British Queen Elizabeth and Duke of Edinburgh, visited Acid Survivors' Foundation (ASF) at Banani in the city Tuesday, reports BSS. During the visit, the Princess met acid survivors and ASF chairman Dr Iftekharzaman, said...

Withdrawal of 76 cases including Ershad's rudder case suggested

2011-03-02 00:00:00

The inter-ministerial government committee for withdrawal of political cases in its 26th meeting Tuesday recommended withdrawal of 76 cases including the rudder purchase case of former President H M Ershad, reports BSS. Chaired by State Minister for Law, Justice and...

Hearing on Fatwa begins

2011-03-02 00:00:00

Hearing on an appeal against the High Court ban on Fatwa has begun, reports bdnews24.com. The proceedings began Tuesday at the Appellate Division's regular bench headed by Chief Justice ABM Khairul Haque. In a landmark verdict on Jan 01, 2001,...

VIPB, MTB sign investment deal

2011-03-02 00:00:00

Venture Investment Partners Bangladesh Limited (VIPB) has signed an investment agreement with Mutual Trust Bank Limited (MTB) at VIPB head office in the city recently, according to a press release. VIPB Managing Director and Chief Executive Officer (CEO) Md Harun...

NBL workshop held

2011-03-02 00:00:00

A workshop on "Stress Testing, Credit Rating, Internal Capital Adequacy Assessment Process & Revised Risk Based Capital Adequacy", arranged by Risk Management Unit of NBL and National Bank Training Institute was held in the city recently. S K Sur Chowdhury,...

City Bank signs FlexiBuy deal

2011-03-02 00:00:00

Deputy Managing Director (Operations) and Chief Communications Officer of City Bank Mashrur Arefin and General Manager (CRM-Retail, SA Md. Shamsuddoha Shemul signed a FlexiBuy agreement. Under this agreement City Bank American Express Cardmembers can enjoy buying Otobi furniture at zero...

Rights offer of SIBL, Sonargaon Textile okayed

FE Report | 2011-03-02 00:00:00

FE ReportThe securities regulator has given its consent to Social Islami Bank Limited (SIBL) and Sonargaon Textiles for issuing rights shares at the ratio of 1:1, officials said. The Securities and Exchange Commission (SEC) has also included a provision to...

DSE snaps losing run

FE Report | 2011-03-02 00:00:00

FE ReportDhaka stocks rebounded sharply Tuesday snapping five sessions of heavy losses as investors saw a silver line at the end of the tunnel after seven state-owned financial institutions declared forming a special fund to buy shares. The benchmark DSE...

Drastic fall in BO account opening

Asaduzzaman Pallab | 2011-03-02 00:00:00

Asaduzzaman PallabThe number of new Beneficiary Owners (BO) accounts has fallen down dramatically in the month of February amid continued slump in the stock market. According to the latest data of Central Depository Limited Bangladesh (CDBL), the total number of...

Hsbc Holdings reports pre-tax profit of $19,037 million

2011-03-02 00:00:00

HSBC Holdings plc, one of the world's largest financial services organisations, has announced its 2010 annual results today. In a robust demonstration of financial strength and performance, the HSBC Group made a profit before tax of US$19,037m in 2010, an...

SEC order deals blow to brokerage house business

FE Repoet | 2011-03-02 00:00:00

FE Repoet The fast expanding brokerage house involved in the capital market business, faces fresh blow with the latest SEC directive which has prohibited further opening of new brokerage branch. SEC took decision to stop further opening of new branch...

Hearing on Fatwa begins

2011-03-02 00:00:00

Hearing on an appeal against the High Court ban on Fatwa has begun, reports bdnews24.com. The proceedings began Tuesday at the Appellate Division's regular bench headed by Chief Justice ABM Khairul Haque. In a landmark verdict on Jan 01, 2001,...

BCS Digital Expo begins in city March 9

2011-03-02 00:00:00

The annual BCS Digital Expo 2011 will begin in the city on March 09 aiming to create awareness among the youths about the latest information communication technology (ICT) and to project digital life-style to the visitors. The five-day event titled...

Private co to install 18-mw solar power plant

FHM Humayan Kabir | 2011-03-02 00:00:00

FHM Humayan KabirBangladesh is going to enter into a phase of extensive solar power generation, as the government has allowed a private farm to install an 18-megawatt solar power plant, officials said Tuesday. Power Division officials said the state-owned Power...

Govt to import 0.1m tonnes sugar from Brazil

FE Report | 2011-03-02 00:00:00

FE ReportBrazil will provide assistance to Bangladesh to purchase 0.1 million tonnes of sugar through a state-to-state agreement. Ambassador of Brazil in Bangladesh Ricardo L Viana de Carvalho said this in a meeting with Industries Minister Dilip Barua at his...

Seminar on B'desh trade opportunities in S'pore begins tomorrow

2011-03-02 00:00:00

Bangladesh High Commission in Singapore, Singapore International Enterprises and Singapore Business Federation are going to jointly host a day-long seminar titled "Trade and Business Opportunities in Bangladesh" in Singapore tomorrow (Thursday). The main objective of the seminar is to inform...

Govt takes Tk 4.92b projects to upgrade Mongla port, JS told

2011-03-02 00:00:00

Shipping Minister Shahjahan Khan told the Jatiya Sangsad (JS) Monday that the government had given priority for developing and modernising country's second largest sea port Mongla and already taken up 10 projects for it, reports BSS. "The projects with an...

JV co to invest $20.11m in Adamjee EPZ

2011-03-02 00:00:00

M/s Universal Menswear Limited, a Romania-Bangladesh joint venture company, will set up a garment factory in the Adamjee Export Processing Zone (EPZ). In this connection, an agreement was signed between Bangladesh Export Processing Zones Authority (BEPZA) and Universal Menswear in...

India's auto firms show robust sales, Nano doubles

2011-03-02 00:00:00

MUMBAI, Mar 1 (AFP): Leading auto makers in India reported strong February numbers Tuesday, with the Tata Nano, billed as the world's cheapest car, doubling sales from a year earlier after a difficult period. The Nano, made by leading vehicle...

SEC order deals blow to brokerage house business

FE Repoet | 2011-03-02 00:00:00

FE Repoet The fast expanding brokerage house involved in the capital market business, faces fresh blow with the latest SEC directive which has prohibited further opening of new brokerage branch. SEC took decision to stop further opening of new branch...

Hearing on Fatwa begins

2011-03-02 00:00:00

Hearing on an appeal against the High Court ban on Fatwa has begun, reports bdnews24.com. The proceedings began Tuesday at the Appellate Division's regular bench headed by Chief Justice ABM Khairul Haque. In a landmark verdict on Jan 01, 2001,...

Board meet

2011-03-02 00:00:00

Pubali Bank: As per regulation 30 of Dhaka Stock Exchange (DSE) Listing Regulations, the authorities of Pubali Bank Limited have stated that a meeting of the board of directors of the bank will be held on tomorrow (Thursday) at 3:30pm...

Dhaka Bank AGM Mar 29

2011-03-02 00:00:00

The authorities of Dhaka Bank Limited have stated that the 16th annual general meeting (AGM) of the bank will be held on March 29 at Radisson Water Garden Hotel in the city at 11am. Other information of the AGM as...

Continental Ins AGM's record date Mar 10

2011-03-02 00:00:00

The authorities of Continental Insurance Limited have stated that record date for the 11th AGM of the company will be held on March 10 instead of March 8. Other information of the AGM as announced earlier.

Suspension of share

2011-03-02 00:00:00

Trading of the shares of International Leasing and Financial Service Limited will remain suspended on record date on today (Wednesday). Another record date for entitlement of the proposed rights shares to be notified later after obtaining approval from SEC.

Resumption of trading

2011-03-02 00:00:00

Prime Insurance: Normal trading of the shares of Prime Insurance Limited will resume today (Wednesday) after record date. Eastern Bank: Normal trading of the shares of Eastern Bank Limited will resume today (Wednesday) after record date.

Purchase of share

2011-03-02 00:00:00

Mutual Trust Bank: MA Rouf, one of the sponsors of Mutual Trust Bank Limited, has expressed his willingness to purchase 32,000 shares of the bank at prevailing market price through stock exchange within next 30 working days. Fu Wang Food:...