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Refugees and environment

2009-04-14 00:00:00

Mohammad Rajja More often than not, when one writes on the subject of refugees one finds onself in an angry mood. The anger is over the degrading treatment which is handed out to the refugees. One is also angry at...

Economic slowdown hits SE Asian travel sector

2009-04-14 00:00:00

SINGAPORE, April 13, (AFP): Key Southeast Asian cities will suffer a glut of hotel rooms for the next three years as the economic slowdown hits the travel sector, a global real estate consultancy said Monday.A CB Richard Ellis (CBRE) survey...

Square Hospital signs deal with Netherlands embassy

2009-04-14 00:00:00

Square Hospitals Ltd and the embassy of the kingdom of the Netherlands signed a corporate healthcare agreement recently, said a press release. Under this agreement, every employee of the embassy of Switzerland and their dependants will get privileged coverage of...

China offers funds to boost Asean

2009-04-14 00:00:00

China has unveiled plans to establish a $10bn (£6.8bn) investment fund for south-east Asian countries, reports BBC.It has also offered credit of $15bn to the Association of South-East Asian Nations, or Asean.Chinese Prime Minister Wen Jiabao had planned to announce...

Indian telecoms firm buys stake in troubled Satyam

2009-04-14 00:00:00

MUMBAI, APR 13 (AP): Indian telecommunications firm Tech Mahindra has bought a controlling stake in Satyam Computer Services, the outsourcing giant nearly brought down in a $1 billion fraud.Tech Mahindra purchased 31 per cent of Satyam for $351 million, the...

China industrial output up 8.3 pc in March

2009-04-14 00:00:00

BEIJING, April 13 (AFP): China's industrial output rose by 8.3 per cent in March, in a sign that a huge stimulus package is kicking in, Premier Wen Jiabao said in an interview published on Monday. Last month's growth accelerated from...

British telecoms operator BT to slash 10,000 jobs

2009-04-14 00:00:00

LONDON, April 13 (AFP): British telecoms operator BT will cut 10,000 jobs when it reveals its preliminary results next month, reports said yesterday. BT will also make a 1.5 billion pound (2.2 billion dollar) writedown in its under-fire Global Services...

Takaful Islami Insurance holds meeting

2009-04-14 00:00:00

The 28th meeting of the investment, finance, accounts and audit committee of Takaful Islami Insurance Limited held at its head office recently, said a press release.Chairman of the committee Mohammad Nurul Islam presided over the meeting which was attended, among...

Japan wholesale prices log fastest drop since 2002

2009-04-14 00:00:00

TOKYO, April 13 (AFP): Japanese wholesale prices fell at their fastest annual pace in nearly seven years last month, official data showed today, adding to worries about the renewed threat of deflation. Corporate goods prices fell by 2.2 per cent...

Goldman raises 5.5b dollars for secondary fund

2009-04-14 00:00:00

WASHINGTON, April 13 (AFP): US investment giant Goldman Sachs has raised 5.5 billion dollars in investor commitments to buy private- equity investments at a discount on the secondary market, The Wall Street Journal and Financial Times said yesterday. The new...

Oil prices slide in Asian trade

2009-04-14 00:00:00

SINGAPORE, Apr 13 (AFP): Oil prices eased in Asian trade today as traders took profits from last week's strong finish before the start of the Easter holiday weekend, analysts said. New York's main futures contract, light sweet crude for May...

Kazakhs, China in talks over stake in oil producer

2009-04-14 00:00:00

ALMATY, Kazakhstan, Apr (AP): China National Petroleum Corp. is in talks with Kazakhstan's state energy company on acquiring a 49 per cent stake in the Central Asian country's fourth-largest oil producer, a KazMunaiGaz spokesman said Monday.CNPC's proposed purchase of the...

Russia makes profit investing in domestic stocks

2009-04-14 00:00:00

MOSCOW, Apr 13 (Reuters): The Russian government made billions of roubles investing its oil savings in domestic blue chip stocks, Finance Minister Alexei Kudrin told a cabinet meeting Monday.The government made a decision last year to invest 175 billion roubles...

ADB mission visits LGED projects in Nilphamari

2009-04-14 00:00:00

Our CorrespondentNILPHAMARI, Apr 13: An ADB team visited the ongoing projects of ADB funded second Rural Infrastructure Improvement Project (RIIP) in Nilphamari district recently. The team comprising Project Implementation Officer Arun Kumar Shaha, Social Development Officer Ferdousi Sultana Begum and...

Gopalganj brick kilns use firewood

2009-04-14 00:00:00

Our CorrespondentGOPALGANJ, April 13: Despite government ban, firewood is extensively being used in the brick kilns in the district. There are 40 brick fields in five upazilas of the district. Most of those pose a threat to the environment as...

Monir awarded top ranking MBA degree

2009-04-14 00:00:00

Barrister Monir Hossain, advocate Bangladesh Supreme Court obtained MBA degree from Bradford University, USA, says a press release.He is the first Bangladeshi lawyer and one of the few scholars who recently obtained MBA degree from a world's top ranking business...

Indonesia power firm to sign deal for $900m loans

2009-04-14 00:00:00

JAKARTA, Apr 13 (Reuters): Indonesia's state power firm, PT Perusahaan Listrik Negara , said on Monday it will sign next month Chinese-led loans worth about $900 million to help finance construction of three power plants.The government has a crash programme...

Warid offers free photo shoot today

2009-04-14 00:00:00

To celebrate the Pahela Boishakh, the first day of the Bangla New year, Warid Telecom offers free photo shoot to the thousands clad in red, white saris and Punjabis to capture their special moments today (Tuesday).In this connection, Warid will...

Local co to invest $3.0m in DEPZ

2009-04-14 00:00:00

FE Report Styrax Fashion Limited, a Bangladeshi company, will set up a garments manufacturing industry in the Dhaka Export Processing Zone (DEPZ), said a press release .The 100-per cent local owned company will invest US$ 3.0 million to set up...

MTB donates 10,000 books for students

2009-04-14 00:00:00

Mutual Trust Bank Limited (MTB) recently donated 10,000 books on moral values titled 'Ishoper Galpo Mullobodher Prothom Path' to the minor students of Viqarunnisa Noon School and College. The books were distributed among the students through a simple ceremony at...

IBBL to open 15 branches, 10 SME centres soon

2009-04-14 00:00:00

Islami Bank Bangladesh Limited (IBBL) is going to inaugurate 15 new branches and 10 new SME service centres in the country soon, says a press release. With these the number of branches will stand at 211, and SME service centres...

Call rate steady, dollar posts gain

2009-04-14 00:00:00

FE Report The inter-bank call money rate maintained steady level Monday although the central bank withdrew cash from the market through treasury bonds. The US dollar, however, posted gain against Bangladesh taka (BDT) in the inter-bank foreign exchange market because...

BB buys $19m more from commercial banks

2009-04-14 00:00:00

FE Report The central bank purchased around US$700 million from the commercial banks until April 13 of this fiscal aiming to keep the inter-bank foreign exchange market stable, officials said. "The flow of foreign exchange has increased in the market...

Prime Bank starts training course for management trainees

2009-04-14 00:00:00

FE Report A four-week long foundation-training course for fresh management trainees of Prime Bank has begun in the city. Training and Development Centre of the bank organised the course.Prime Bank Executive Vice-President (EVP) and head of HR Md Tabarak Hossain...

Valuable machinery of Paksey paper mill on verge of ruination

2009-04-14 00:00:00

Our CorrespondentRASHAHI, Apr 13: The North Bengal Paper Mills (NBPM), situated at Paksey of Pabna district remained close for the last seven years resulting in damage of valuable machinery worth billions of taka.The mill was built on 134 acres of...

NAV of First BSRS Mutual Fund announced

2009-04-14 00:00:00

The Investment Banking Department of Bangladesh Shilpa Rin Sangstha has announced its Net Asset Value (NAV) of the First BSRS Mutual Fund. The NAV was Tk 138.02 on the basis of cost price and Tk 634.51 on the basis of...

corporatewatch

2009-04-14 00:00:00

Stock dividend creditedThe authorities of Prime Bank Limited have stated that they have credited the stock dividend for the year that ended on December 31, '08 to the respective shareholders' BO accounts.Board meetingBIFC: As per regulation 30 of DSE Listing...

Thai soldiers spray gunfire, tear gas at protest

2009-04-14 00:00:00

BANGKOK, April 13 (AP): Thai soldiers sprayed automatic weapons fire into the air and threw tear gas to clear demonstrators blocking roads across the capital Monday in a major escalation of anti-government protests that have roiled this Southeast Asian nation.At...

Gilani invites Sharif's party to rejoin govt

2009-04-14 00:00:00

ISLAMABAD, April 13 (Reuters): Pakistani Prime Minister Yousaf Raza Gilani has asked former Prime Minister Nawaz Sharif's party to rejoin the government but Sharif's party said Monday it was unlikely to do so.Political tension in nuclear-armed Pakistan has eased considerably...

China sets HR agenda for sensitive year

2009-04-14 00:00:00

BEIJING, April 13 (Reuters): China has promised its citizens stronger legal protection, improved incomes and expanded channels to complain as part of its first "human rights action plan," which casts the Communist Party government as guardian of rights.The plan, issued...