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JBL Foundation holds discussion on Ramadan

2009-09-06 00:00:00

FE ReportJamuna Bank Ltd (JBL) Foundation held a discussion meeting on the significance of holy Ramadan and the life-sketch of the prophet Wednesday, said a press release.Chairman of JBL Foundation Alhaj Nur Mohammed spoke on the occasion as the chief...

Local cell phone sets to hit market soon

2009-09-06 00:00:00

The first locally-manufactured mobile phone sets are set to hit the market by next January, while the Bangladeshi made digital land phones will be available this month, an official said Wednesday, bdnews24.com reports.Telephone Shilpa Sangsta, a state-owned company under the...

India may raise natural gas price for state explorers

2009-09-06 00:00:00

NEW DELHI, Sept. 5 (Bloomberg): India may increase the price of natural gas extracted from fields awarded to state explorers by 44 per cent, easing revenue losses for Oil & Natural Gas Corp., the country's biggest energy producer.A proposal to...

Wheat falls on improved yield outlook for US spring harvest

2009-09-06 00:00:00

NEW YORK, Sept. 5 (Bloomberg): Wheat fell to a nine-month low on speculation that the US spring crop will be bigger than forecast, after timely rain and sunshine boosted plant development.About 75 per cent of spring wheat was in good...

Suzuki Motor to build new auto plant in India

2009-09-06 00:00:00

TOKYO, Sept 5 (AFP): Japan's Suzuki Motor Corp. plans to build a new plant in India in 2011 in a bid to meet growing demand for cars in the country, a newspaper reported today. The manufacturer of small cars and...

Coke says to double Vietnam investment

2009-09-06 00:00:00

HANOI, Sept 5 (AFP): The Coca-Cola Company said it would double its investment in communist Vietnam to 400 million dollars. The firm said it would invest, in conjunction with its local bottler, an additional 200 million dollars in the country...

RDRS opts for GP business solutions

2009-09-06 00:00:00

Grameenphone (GP) Limited has recently signed an agreement with RDRS (Rangpur Dinajpur Rural Service) Bangladesh to provide complete communication facilities under its business solutions package.RDRS Bangladesh Executive Director Kamaluddin Akbar and GP General Manager Ishtiaq Hussen Chowdhury signed the agreement...

The great importance of attending classes regularly

2009-09-06 00:00:00

M A IslamSUMI is a student of fourth year honours class in a university in Dhaka. Every year before the final exams, she does not attend classes, rather prefers to stay in her dormitory and prepares herself for the examination....

No substitute for 'comprehensive' knowledge of subjects

2009-09-06 00:00:00

FE SpecialIN today's competitive world, there is a very common tendency among students to try to earn good grades. It might seem that their only target is mastering the techniques of obtaining good grades. In doing so, they often forget...

quotable quotes

2009-09-06 00:00:00

To give style to one's character - a great and rare art! He exercises it who surveys all that his nature presents in strength and weakness and then moulds it to an artistic plan until everything appears as art and...

Russia opens its door to Bangladesh frozen food

2009-09-06 00:00:00

Sonia H MoniThe country's ailing frozen food sector gets a much-needed boost after European giant Russia has for the first time approved four companies of Bangladesh to export fish and shrimp products to that country.Russian inspectors examined seven Bangladeshi shrimp...

Mercantile Bank inks deal for issuance of rights,bonds

2009-09-06 00:00:00

Mercantile Bank Limited has signed an agreement with AAA Financial Advisor and Consultant Limited, said a press release. Under the agreement, the AAA Financial Advisor and Consultant will work as Issue Manager for issuance of rights shares and Bonds of...

IBBL deposit rate posts 21pc growth

2009-09-06 00:00:00

The total deposit of Islami Bank Bangladesh Limited (IBBL) has reached at Tk 228.23 billion on August 31, 2009, showing the growth rate of 21 per cent against the same period of last year, said a press release.The total investment...

AB Bank joins hand with Mosabbir Cancer Care Centre

2009-09-06 00:00:00

AB Bank has contributed Taka 0.5 million to support continuous and smooth functioning of Mosabbir Cancer Care Centre as part of the Bank's CSR initiative, said a press release. This financial assistance would help the centre to meet necessary day-to-day...

Major rectification in insurance bills demanded

2009-09-06 00:00:00

FE ReportShareholders in the insurance sector Saturday called for major rectification in the insurance bills to be passed in the next parliament session by opposing the stipulated categorization of shares and directors in insurance companies. As there is no provision...

IMF chief warns against premature exit from stimulus steps

2009-09-06 00:00:00

FE Report International Monetary Fund (IMF) Managing Director Dominique Strauss-Kahn said stimulus measures adopted to combat the global crisis should be withdrawn only when the economic recovery has taken hold and unemployment is set to decline.He was delivering the 2009...

Asian stocks end higher

2009-09-06 00:00:00

HONG KONG, Sept 5 (AFP): Asian shares mostly rose Friday as gains in Shanghai lifted other markets but concerns about a key jobs report out of the United States later weighed on sentiment.Shanghai picked up 0.58 per cent-adding to its...

Local co to invest $9.865m in Karnaphuli EPZ

2009-09-06 00:00:00

A Bangladeshi company, M/s Vancot Limited, will set up a knit garments manufacturing industry in the Karnaphuli Export Processing Zone (EPZ).An agreement was signed between the Bangladesh Export Processing Zones Authority (BEPZA) and M/s Vancot Limited in the city Wednesday,...

India promises $10b bond purchase: IMF

2009-09-06 00:00:00

WASHINGTON, Sept 5 (AFP): The International Monetary Fund (IMF) Saturday welcomed India's commitment to buy US$10 billion worth of IMF bonds."I welcome the announcement by India of its intention to support the Fund's lending capacity through the purchase of up...

AIG to sell Philippines businesses, keep life insurance

2009-09-06 00:00:00

MANILA, Sept 5 (AFP): A Philippine unit of troubled American Insurance Group (AIG) said Friday it was selling its local health insurance and pension operations to focus on its core life insurance business.PhilamCare Healthy Systems Inc. and Philam Plans Inc.,...

Deutsche Telekom in talks to sell British unit

2009-09-06 00:00:00

FRANKFURT, Sept 5 (AFP): The German group Deutsche Telekom has opened talks with three potential buyers of its struggling British unit T-Mobile UK, the Financial Times newspaper reported Friday.Without citing its source, the paper said the three companies were Vodafone...

IPO Diary

2009-09-06 00:00:00

Grameenphone LimitedNature of BusinessGrameenphone Ltd. is the largest mobile telecommunications operator in BangladeshSubscription OpenOctober 4, 2009Subscription CloseOctober 8, 2009For Non resident BangladeshiOctober 4, 2009 to October 18, 2009Offer PriceTk 70.00Face ValueTk 10.00Market lot200 SharesSponsors Portion1,215,174,797 SharesSponsors PortionTk 12,151,747,970.00Initial Public Offering69,439,400...

Newly installed 90-MW Fenchuganj power plant likely to go into operation in 3 months

2009-09-06 00:00:00

The 90-MW Fenchuganj power plant is likely to go into operation by next three months as the tax related dispute between the Power Development Board (PDB) and the Chinese contractor Harbin has been resolved recently, reports UNB. PDB set up...

Nat'l zoo suffers Tk 6.0m loss in one year for death of animals

2009-09-06 00:00:00

Monira MunniThe national zoo in the city's Mirpur area has suffered a total loss of Tk 6.0 million during last one year due to death of a number of animals for various diseases.More than twenty rare animals died within a...

Grand-alliance govt is the govt of farmers: Matia

2009-09-06 00:00:00

RAJSHAHI, Sept 5 (BSS): Agriculture Minister Begum Matia Chowdhury said here Saturday the government has launched massive programmes to boost food output for ensuring food security and access to food of the general people. She termed the present grand alliance...

18-member body to develop treatment protocol for H1N1

2009-09-06 00:00:00

The Directorate General of Health Service (DGHS) Saturday formed an 18-member committee to develop a treatment protocol for the pandemic H1N1 2009, which already affected 281 people as of Friday and killed two persons since the first case detected on...

Yousuf joins BARI as Director General

2009-09-06 00:00:00

Md Yousuf Mian joined as Director General (current charge) of Bangladesh Agricultural Research Institute (BARI) recently, says a press release.Yousuf Mian got first class in his B.Sc.Ag (Hons) degree in 1973 from Bangladesh Agricultural University(BAU), Mymensingh. He obtained his MS...

Qualifies as CA

2009-09-06 00:00:00

Ridwan Baree recently qualified as a Chartered Accountant (CA) in his first attempt from the Institute of Chartered Accountants in England & Wales, says a press release. Earlier, he obtained the rare distinction of First Class in Business Administration (Hons)...

Death anniversary of Professor Ibrahim today

2009-09-06 00:00:00

The 20th anniversary of death of legendary physician National Professor Mohammad Ibrahim will be observed today (Sunday) in a befitting manner, reports BSS.As part the death anniversary programme, Ibrahim Cardiac Hospital and Research Institute (ICHRI) offers a 'Free Heart Camp'...

Anti-adulteration drive in Ctg

2009-09-06 00:00:00

Our CorrespondentCHITTAGONG, Sept 5: In an anti-adulteration drive the district magistracy sealed off a ghee producing factory and fined two others for making adulterated ghee in the city today. BSTI office in Chittagong said district magistrate Nurul Huq conducted the...