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HSBC signs MoU with Building For Future Ltd

2010-05-25 00:00:00

The Hongkong and Shanghai Banking Corporation (HSBC) Ltd in Bangladesh and Building for Future Limited signed a Memorandum of Understanding (MoU) in the city recently, says a press release. Under the agreement, HSBC customers would receive upcoming project information, saleable...

EXIM Bank opens branch at Feni

2010-05-25 00:00:00

Export Import (EXIM) Bank of Bangladesh Limited has opened its 54th branch at Feni. Director of the bank Md Nurul Amin Faruq inaugurated the branch as the chief guest recently, said a press release. Managing Director and Chief Executive Officer...

Shahjalal Islami Bank EC gets chairman, vice chairman

2010-05-25 00:00:00

Mr Mohiuddin Ahmed and Syed Nurul Arefeen have been elected chairman and vice chairman respectively of the Executive Committee (EC) of Shahjalal Islami Bank Limited, said a press release.Mr Ahmed is the chairman of Rupsha Trading Corporation, Mohiuddin and Company...

FSIBL organises anti-money laundering workshop

2010-05-25 00:00:00

First Security Islami Bank Limited (FSIBL) organised a day-long workshop on 'Anti Money Laundering' in Jessore under the leadership of Bangladesh Bank recently, says a press release.Managing Director of the bank AAM Zakaria inaugurated the workshop as the chief guest....

BB buys $ 18m

2010-05-25 00:00:00

FE Report The central bank purchased US$18 million more from a commercial bank Monday aiming to keep the inter-bank foreign exchange market stable. "We've bought the US currency at market rate from the commercial bank directly to aiming to keep...

RAK Ceramics IPO lottery held

2010-05-25 00:00:00

The IPO lottery of RAK Ceramics (Bangladesh) Ltd was held at the Bangabandhu International Convention Center (BICC) Monday.It took place amidst huge and unprecedented participation from investors as well as the interested general public.A few thousand members of the general...

DBBL workshop on foreign exchange

2010-05-25 00:00:00

Dutch-Bangla Bank Limited (DBBL) organized a day-long workshop on 'Reporting of Foreign Exchange Transaction and Foreign Exchange Position' for the designated officers. Mr. K. S. Tabrez, Deputy Managing Director 1 of the Bank inaugurated the workshop held at Bank's Training...

ICB AMCL discloses NAV of nine Mutual Funds

2010-05-25 00:00:00

ICB Asset Management Company Limited (AMCL), a subsidiary of Investment Corporation of Bangladesh (ICB), has announced net asset value (NAV) of its nine Mutual Funds, said a press release.According to the disclosure, the NAV per unit of ICB AMCL First...

Govt's role for assisting growth of Islamic finance lauded

2010-05-25 00:00:00

Influential financial institutions of the world including IDB thanked the government, especially the central bank, for assisting the growth of the Islamic financial services industry (IFSI) in the country through creation of requisite conducive environment. Different financial institutions of the...

Reliance shares soar after Ambanis seek 'Harmony'

2010-05-25 00:00:00

NEW DELHI, May 24 (Bloomberg): Mukesh Ambani's Reliance Industries Ltd and companies controlled by Anil Ambani surged in Mumbai, adding $4 billion in market value, after the brothers moved to end a five-year feud that split India's second-biggest group. Reliance...

Nazmus Salehin made AMD of Standard Bank

2010-05-25 00:00:00

Md Nazmus Salehin has been promoted as additional managing director of Standard Bank Limited recently, said a press release. Prior to this promotion, he was the DMD of the same bank for the past two years. Mr Salehin has been...

Indian PM says 'trust deficit' holding back Pakistan ties

2010-05-25 00:00:00

NEW DELHI, May 24 (AFP): Indian Prime Minister Manmohan Singh said Monday that a cross-border 'trust deficit' was the main obstacle holding back any improvement in relations between India and arch-rival Pakistan."Prime Minister (Yousuf Raza) Gilani and I agreed that...

Iran's Mousavi against nuke sanctions

2010-05-25 00:00:00

TEHRAN, May 24 (AFP): Opposition leader Mir Hossein Mousavi said he is opposed to sanctions on Iran over its nuclear programme but has accused the government of 'adventurism', his website reported Monday."Although we regard the current situation a result of...

Hillary commends Japan PM for decision on US base

2010-05-25 00:00:00

BEIJING, May 24 (AFP): US Secretary of State Hillary Clinton Monday commended as courageous a decision by Japanese Prime Minister Yukio Hatoyama to keep an unpopular US military base in Okinawa prefecture."I want to commend Prime Minister Hatoyama for making...

Investigators sift thru' plane crash rubble

2010-05-25 00:00:00

MANGALORE, May 24 (CNN): Searchers continued sifting through twisted metal, charred debris and tattered clothing in a ravine in southern India Monday, looking for the missing piece investigators hope will explain what went wrong in a deadly plane crash.India's civil...

Bangkok gets back to business after protests

2010-05-25 00:00:00

BANGKOK, May 24 (AFP): Thailand's capital whirred back into life Monday after last week's deadly unrest, as businesses and schools reopened and citizens returned to streets cleared of debris left by arson and looting.Thoroughfares which for six weeks had been...

Jamaica declares emergency amid gang warfare

2010-05-25 00:00:00

KINGSTON, May 24 (AFP): Jamaica's prime minister vowed tough action against a frenzy of gang violence in Kingston, imposing a state of emergency to curb armed supporters of an alleged druglord sought by the United States.Premier Bruce Golding said that...

news digest

2010-05-25 00:00:00

Yemeni tribesmen kidnap US couple near SanaaSANAA, May 24: Armed Yemeni tribesmen kidnapped two US tourists, a husband and wife, near the Yemeni capital Sanaa on Monday and were demanding the release of a jailed relative, Yemeni security officials said....

India's government, markets welcome Ambani brothers' truce

2010-05-25 00:00:00

MUMBAI, May 24 (AFP): India's government, stock markets and analysts today welcomed news that the warring billionaire Ambani brothers had called a truce in their feud over their father's empire. Shares in both Anil Ambani's Reliance Natural Resources Ltd (RNRL)...

Eurozone crisis forces Gulf to pause monetary union

2010-05-25 00:00:00

JEDDAH, May 24 (AFP): The eurozone crisis has convinced Gulf states to "pause" for reflection in their push toward a monetary union, a top Gulf official said yesterday. Kuwaiti Foreign Minister Sheikh Mohammad al-Sabah said it would be "irresponsible" for...

Afghan farmers at war's epicentre play both sides

2010-05-25 00:00:00

ARGHANDAB, Afghanistan, May 24, 2010 (AFP): Lush pomegranate orchards provide perfect cover for the Taliban, who have turned what should be the fruit basket of Afghanistan into one of the hottest spots of the long insurgency. In the past year...

Milan Expo's Women Board ends meeting on women's role

2010-05-25 00:00:00

MILAN, May 24 (Xinhua): The "2015: Women and Expo" project's Advisory Board ended its two-day meeting in Milan on Saturday, with concrete steps in supporting women's empowerment globally and a call for education to provide solutions and spark action. Launched...

Sulabh to provide low cost toilet technology in 50 countries

2010-05-25 00:00:00

WASHINGTON, May 24 (PTI): Global sanitation NGO, Sulabh Foundation, which has pioneered low cost Indian toilet system will introduce the innovative technology in over 50 developing countries across the world. Bindeshwar Pathak, head of the Foundation while addressing the World...

More Nepali workers go abroad for foreign jobs

2010-05-25 00:00:00

KATHMANDU, May 24 (Xinhua): The number of outbound Nepali workers has jumped by a whopping 24 per cent in the first 10 months of 2009/2010 (mid-July to mid- May), thanks to soaring demands from key labor destinations, local media reported...

Outdoor workers in UAE get extended break for summer heat

2010-05-25 00:00:00

DUBAI, May 24 (AFP): The summer midday break for outdoor workers in the United Arab Emirates has been extended by a month, according to a ministerial decree published yesterday by the official WAM news agency. The break from 12:30 pm...

UZ vice chairmen demands their empowerment

2010-05-25 00:00:00

FE Report Upazila vice-chairmen, at a seminar, demanded their empowerment according to the Constitution and urged the ruling party to remember their election manifesto where they made oath to eastablish an active and strong local government system.Bangladesh Upazila vice-chairman Shamannay...

35 injured in AL-BNP clash in Magura

2010-05-25 00:00:00

MAGURA, May 24 (UNB): At least 35 activists of Awami League (AL) and Bangladesh Nationalist Party (BNP) were injured in a fierce clash at Sarangadia under Sreepur Upazila Monday. Of the injured, Akhter (40), Mukter (35) and Latif (40), were...

'Militant attacks linked with hartal call'

2010-05-25 00:00:00

State minister for Home Shamsul Hoque Tuku has claimed that BNP's call for hartal has links with militant activities.He referred to the grenade attack on the police in the city's Jurain Sunday night and said, "I'm alarmed. The militants have...

Manzur attempts to heal rift within Ctg BNP

2010-05-25 00:00:00

CHITTAGONG, May 24 (bdnews24.com): Chittagong City Corporation (CCC) mayor candidate M Manzur Alam visited BNP Leader Abdullah Al Noman's residence Sunday in an apparent attempt to heal a rift developing in the local BNP about who should have been selected...

Govt formulating policy to minimise 'human-animal conflict'

2010-05-25 00:00:00

The government is finalising a draft policy to compensate the human beings in case of death or injury due to attack of the wild animals, reports BSS. The Wildlife Advisory Board under the Ministry of Environment and Forests has already...