BEIJING, Apr 15 (AFP): Foreign direct investment in China fell 9.5 per cent in March for the sixth straight monthly fall, but there were some signs the worst could be over, the government said today. Foreign firms invested 8.4 billion...
SINGAPOR, Apr 15 (AFP): Singapore's worst economic crisis since independence is even more severe than expected, with output now forecast to shrink by as much as 9.0 per cent in 2009, official data showed.The Ministry of Trade and Industry (MTI)...
SEOUL, Apr 15 (AFP): Two South Korean firms Tuesday announced a 2.7 billion dollar initial deal to build power plants capable of generating 960 megawatts of renewable energy by 2015.South-East Power, a unit of state-run Korea Electric Power Corp, said...
SINGAPORE, Apr 15 (AFP): Oil prices continued to fall in Asian trade today as slumping US retail sales fueled worries of a slowdown in global oil demand, analysts said. New York's main futures contract, light sweet crude for delivery in...
FE Report The newly built Lifebuoy Operation Theatre Complex financed by Unilever Bangladesh Limited (UBL) at the Maa Shishu O General Hospital in Chittagong was inaugurated recently. UBL Director (Brands and Development) Naushad Chowdhury inaugurated the operation theatre as the...
A Baishakhi Fair got underway at Agora, country's first and largest chain superstore, to welcome the Bangla New Year, said a press release.Niaz Rahim, managing director of Rahimafrooz Superstores Ltd, owning company of Agora, inaugurated the fair at Agora's Dhanmondi...
Our CorrespondentCHITTAGONG, Apr 15: Bangladesh Garment Manufacturers and Exporters' Association (BGMEA) Chittagong and German Technical Co-operation (GTZ) jointly arranged a daylong training workshop titled 'Occupational Safety and Health' at a hotel in the city Monday.A total of 31 officials of...
TOKYO, Apr 15 (AFP): Japan's Sumitomo Metal Industries Ltd. is considering spending up to three billion dollars to build a steel plant in India with a local partner, a report said yesterday. Sumitomo Metal, Japan's third-largest producer of crude steel,...
FE Report BRAC Bank Limited has donated ICDDR,B Tk 5.0 million (50 lakh) to complete the extension of the BRAC Bank Short Stay Ward and Emergency Triage Area at its Dhaka Hospital under the bank's Corporate Social Responsibility (CSR) programme.BRAC...
Mehdi Musharraf BhuiyanThe number of the country's mobile subscribers is well on track to reach 181 million with a penetration rate of over 120 per cent by the year 2013, a leading global business publication predicted recently. The London-based Business...
FE Report The government is in double jeopardy. It being a signatory to the Framework Convention on Tobacco Control (FCTC) has to discourage tobacco consumption. But while doing so it needs to generate enough resources from domestic sources to finance...
Eastern Bank Limited (EBL) opened a new ATM booth at the Sonargaon Link Road in the city recently, said a press release.EBL Managing Director and Chief Executive Officer (CEO) Ali Reza Iftekhar formally inaugurated the 39th ATM booth of the...
FE Report The inter-bank call money rate was steady Wednesday mainly due to excess liquidity. The US dollar, however, gained ground against Bangladesh taka (BDT) in the inter-bank foreign exchange market, fund managers said.Most deals were transacted at rates varying...
Mr Anis A Khan, leading banking and finance professional, Wednesday joined Mutual Trust Bank Limited (MTB) as managing director (MD) and chief executive officer (CEO), says a press release. Prior to joining MTB, he served IDLC Finance Limited as CEO...
Our CorrespondentKHULNA, April 15: Twelve cement factories at Nowapara are facing crisis due to shortage of running capital, raw material and lack of government patronage, industry sources said.Ahad Cement, Niloy Portland Cement, Niloy White Cement, Himaloy Cement, Macca Cement, Bright...
Prime Campus, an English medium school established by Prime Bank Foundation at Uttara, held an art competition for children recently, says a press release. Children in two age categories - under 5 years and above 5 up to 6 years...
BAGHDAD, Apr 15 (AFP): Abul al-Hossein, fresh off a plane from Dhaka via Dubai, says he can drive cars, buses and trucks -- and he wants to do so in Iraq.The 39-year-old Bangladeshi does not speak a word of Arabic...
BSC recommends 10pc cash dividend The board of directors of Bangladesh Shipping Corporation (BSC) has recommended 10 per cent cash dividend for the year 2007-2008. The annual general meeting (AGM) of the company will be held at its head office...
Pirates have used rocket-propelled grenades and automatic weapons to attack another US merchant ship off the coast of Somalia, report agencies.The pirates damaged the Liberty Sun, which was carrying a cargo of food aid, but were not able to board...
International tensions have remained high after North Korea said it was expelling UN nuclear inspectors and resuming work on its nuclear programme, reports BBC.The US has condemned Pyongyang's "provocative threats", saying they were "a step in the wrong direction".Washington has...
NEW DELHI, April 15 (Bernama): India's largest democracy in the world will be put to test when nearly 710 million people exercise their rights by casting votes in the five-phased national elections, beginning tomorrow.After weeks of political wrangling, mud slinging,...
Troops continue to maintain a presence on the streets of Bangkok, a day after anti-government protests ended, reports BBC.The streets are calm, with many residents enjoying Buddhist New Year celebrations rather than thinking about the country's turbulent politics.The Thai finance...
India tests nuclear-capable missile: official BHUBANESWAR, (India), April 15: India Wednesday successfully tested a short-range nuclear-capable ballistic missile from a facility in eastern Orissa state, defence sources said. The test of an improved version of Prithvi-II (Earth) was carried out...
FE ReportThe government is mulling to tap all potential sources to generate electricity ranging from harnessing the underwater current in the sea to the use of sugarcane-based fuel, Industries Minister Dilip Barua said Wednesday."The government is very serious on the...
Prime Minister (PM) Sheikh Hasina Wednesday directed her official concerned to look into the position of a plot of land for setting up permanent office of Dhaka Reporters' Unity (DRU) at Segunbagicha in the city and assured other supports for...
Bangladesh Textile Mills Association (BTMA) Wedn esday donated Tk 5.10 million (51 lakh) for the welfare of the families of the martyred army officers killed in the February 25-26 Pilkhana carnage, reports UNB. A 37-member delegation of BTMA led by...
Sylhet Gas Field Ltd (SGFL) is going for a second condensate fractionation (CF) plant at Rashidpur in Bahubal of Habiganj without ensuring market of MS (motor spirits) products, informed sources said, reports UNB.SGFL floated tender for setting up a 1,250-barrel-a-day-capacity...
Our CorrespondentGOPALGANJ Apr 15: Two passengers were killed and 20 were injured in a bus accident on Dhaka-Khulna highway here Tuesday. A Dhaka bound passenger bus of Jakir Paribahan fell into the roadside ditch near Vatiapara cross-roads under Kariami Upazila...
JU CorrespondentJAHANGIRNAGAR UNIVERSITY, Apr 15: Pahela Baishakh was celebrated Tuesday at Jahangirnagar University (JU) campus with different cultural ceremonies and discussion meeting.Teachers, students and people of all age groups gathered at the campus wearing different colourful dresses and brought out...
A six-member committee was formed Wednesday to frame a fresh 'Bangladesh Climate Change Strategy and Action Plan' for combating the adversities stemming from climate change as the country is considered highly vulnerable to climate change and variability, reports UNB. The...
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