The 112th meeting of the board of directors of Islami Insurance Bangladesh Limited (IIBL) was held at Hotel Agrabad in Chittagong recently, said a press release.Chairman of the board of directors of the company Tofazzal Hossain presided over the meeting....
WASHINGTON, Feb 13 (Reuters): Toyota Motor Corp has told Congress that it does not believe there are any problems with electronic throttle control systems in its Toyota and Lexus models.The automaker also said in a letter to the US House...
'Bashanta Utshab' was held on the campus of Institute of Fine Arts, University of Dhaka, and at Rabindra Sarobar in Dhanmondi organised by Jatiya Bashanta Utshab Udjapon Parishad Saturday. The event was sponsored by Banglalink for the third consecutive year,...
MUMBAI, Feb 13 (Economic Times): The Indian stock market has witnessed net foreign fund outflows of Rs 36 billion since the start of 2010, making it one of most badly hit markets among emerging markets. A desire to shift a...
NEW DELHI, Feb 13 (Agencies): Maruti Suzuki India said it will bring the curtains down on its once bread-and-butter car Maruti 800 from April. India's largest carmaker, has no plans to upgrade its lowest-priced Maruti 800 model to meet Euro...
KUWAIT, Feb 13 (Reuters): Kuwait's Zain has received an offer of up to $10.7 billion for its African assets from Indian telecoms firm Bharti Airtel, Kuwaiti newspapers reported Saturday. Zain's board is expected to meet soon to discuss the offer,...
KARACHI, Feb 13 (Business Recorder): The Karachi share market Friday opened on a positive note and the KSE-100 index hit 9,881.77 points intra-day high level, up 78.97 points, on the back of fresh buying, mainly in oil and banking sector...
A 29-member Bangladesh national football team leaves the city today (Sunday) for Sri Lanka by a Thai Airways flight to participate in the final round of the AFC Challenge Cup beginning in Colombo Tuesday , reports UNB.BFF Vice President Shawkat...
TOKYO, Feb 13 (AFP): Forward Shinobu Ono scored once to lead Japan to a 2-1 victory over South Korea and win the women's title at the East Asian Football Championship Saturday.Japan ended the four-nation round robin with three straight wins....
WELLINGTON, New Zealand, Feb 13 (AP): New Zealand is likely to play international matches against Sri Lanka in the United States after striking a deal with American administrators. New Zealand Cricket (NZC) chief executive Justin Vaughan on Saturday confirmed a...
PARIS, Feb 13 (AFP): Russian top seed Elena Dementieva marched into the semi-finals of the WTA Paris Indoor Open on Friday by beating Germany's Andrea Petkovic 3-6, 6-4, 6-2. The world number seven struggled to hit top form from the...
CALCUTTA, India, Feb 13 (AP): South Africa captain Graeme Smith has passed a fitness test despite breaking a finger and will play in the second test match against India starting Sunday. Smith sustained the injury during catching practice on Friday....
ROME, Feb 13 (AFP): Ronaldinho was at his inspirational best as AC Milan ended a four-game winless streak with a 3-2 success against Udinese at the San Siro to move up to second in Serie A. Klaas-Jan Huntelaar scored a...
AMSTERDAM, Feb 13 (AP): Guus Hiddink will leave as coach of Russia's national team when his contract expires on June 30, raising the prospect of him taking a job, with a number of suitors at club and national level.Hiddink guided...
Raihan M ChowdhuryInvestors and users have demanded customization of the automated trading system of Dhaka Stock Exchange (DSE) to reap the full benefits of the growing turnover of the country's main bourse."The TESA trader application should include key market indicators...
FE ReportDeveloping countries should take the leading role in bringing necessary reforms in the global economy in the aftermath of the world financial turmoil, Finance Minister AMA Muhith said Saturday."The recent economic downturn around the world has brought forward the...
FE Report Sultan Hafeez Rahman, Director General (DG) of the South Asia Department of the Asian Development Bank (ADB), arrived in Dhaka Friday for a five-day official visit.This will be Mr. Rahman's first official visit to Bangladesh since becoming DG...
FE ReportStandard Chartered Bank has closed its first Dollar Taka option transaction with Bangladesh Edible Oil Limited (BEOL).This landmark deal will help BEOL to effectively manage their foreign currency exposure.The deal signed recently was a zero cost range forward, a...
FE ReportTurkey would start direct flights between Dhaka and Istanbul later this year for boosting business between the two countries, a press release said.M Rifat Hisarciklioglu, president of the Union of Chambers and Commodity Exchanges of Turkey (UCCET), disclosed this...
FE ReportCitigroup was named "Best Bank in Asia" for 2009 for the tenth year in a row by Asset Magazine, one of Asia's leading financial magazines. In its editorial on the awards, Asset Magazine editors wrote, "Against the backdrop of...
Shafiq Uz Zaman, the first Bangladeshi Managing Director of Coats Bangladesh Ltd. (a subsidiary of Coats plc of UK) will be retiring tomorrow (February 15) after serving the company for more than 20 years since its inception in Bangladesh.He was...
FE ReportMd Sayedul Hasan has recently joined Dutch-Bangla Bank Ltd (DBBL) as deputy managing director (DMD). Prior to this, he was the DMD of First Security Islami Bank Ltd, said a press release. Mr Hasan has a long 26 years...
FE ReportJanata Bank Limited (JBL), a state-owned commercial bank, earned a profit of Tk 8.60 billion (860 crore) against its target of Tk 8.50 billion in the year 2009. The bank has taken a target of making profit of Tk...
Our CorrespondentKHULNA, Feb 13: Export income through Mongla Port has witnessed an upward trend since December 2009, overcoming the downtrend prevailing at the beginning of the current fiscal year. According to Export Promotion Bureau (EPB) sources, shrimps worth about US$...
Chevron, the US-based international oil company, can substantially augment production and supply of gas from the Bibiyana field by drilling more wells, as the government has approved a new assessment results of the Bibiyana gas-field reserve, reports UNB.According to official...
Land Minister Rezaul Karim Hira said the government has taken various programmes for boosting food production in the country, reports BSS.He was speaking at a training programme on 'Soya bean Cultivation with Modern Technology' in the training room of Regional...
A 10-day long co-operative fair will begin on the department of cooperative premises in the city's Agargaon today (Sunday). Minister for Local Government, Cooperative and Rural Development Syed Ashraful Islam is expected to inaugurate the fair in the morning, Chief...
Summit Power Limited appointed Md Latif Khan as the new vice-chairman of the company in its board meeting Saturday, said a press release. He pursued BA in Public Administration from the University of Dhaka and subsequently left for higher studies...
RAJSHAHI, Feb 13 (BSS): Ensuring farmer-friendly atmosphere in the banking activities of Rajshahi Krishi Unnayan Bank (RAKUB) could be the effective means of strengthening the agro-based economy of the country's northwestern region.To this end, the RAKUB services must be reached...
ABU DHABI, Feb 13 (Bloomberg): The cost to protect against a default by Dubai surged to the highest since state-controlled Dubai World delayed debt repayments in November, as Greece's financial crisis reignited concern riskier emerging-market debt might not be repaid.Credit-default...
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