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US consumer prices drop by largest amount in 61 years

2008-12-18 00:00:00

WASHINGTON, Dec. 17 (Xinhua): Consumer prices in the United States fell by 1.7 per cent in November, the largest one- month decline dating to February 1947, as energy costs dropped sharply, the Labor Department reported yesterday. The November drop in...

Blacksmiths of Joypurhat leaving traditional profession

2008-12-18 00:00:00

Our Correspondent JOYPURHAT, Dec 17: Blacksmiths in Joypurhat are passing their days in economic hardships with the slump in their business, though they are essential partner of our socio-economic development. Many of them in the district have left their traditional...

DSE body approves listing of Maksons Spinning, Nat’l Housing

2008-12-18 00:00:00

FE ReportThe Dhaka Stock Exchange (DSE) listing sub-committee has approved the listing of two issues - Maksons Spinning Mills Limited and National Housing Finance and Investment Limited.The approval came at the meeting of DSE listing sub-committee held recently.The committee has...

DBBL opens ATM booth at Khulna varsity campus

2008-12-18 00:00:00

Dutch-Bangla Bank Limited has opened an ATM booth of the bank at Khulna University Campus to facilitate 24 hours banking services for its customers, says a press release. Vice Chancellor of Khulna University (KU) Syfuddin Shah inaugurated the booth Monday....

Call rate rises, dollar steady

2008-12-18 00:00:00

FE Report The inter-bank call money rate rose slightly Wednesday despite injection of fresh cash through repurchase agreement (repo). The US dollar, however, remained steady against Bangladesh taka (BDT) in the inter-bank foreign exchange market due to strong demand for...

Citibank NA launches direct custody and clearing services

2008-12-18 00:00:00

FE ReportCitibank, N A, one of the leading global financial conglomerates working in the country, formally launched its Direct Custody and Clearing (DCC) services in Bangladesh Monday. Citibank will be able to channel more portfolio investments into the Bangladesh's growing...

EXIM Bank holds Eid reunion

2008-12-18 00:00:00

FE ReportBangladesh Export Import (EXIM) Bank Ltd held Eid reunion programme at Pan Pacific Sonargaon in the city recently, says a press release. Chairman of EXIM Bank and Bangladesh Association of Banks (BAB) Md. Nazrul Islam Mazumder handed over a...

CBC's annual report best in South Asia

2008-12-18 00:00:00

The Commercial Bank of Ceylon (CBC) was awarded the Platinum Award as the joint overall winner at the prestigious Best Presented Accounts Awards of the South Asian Federation of Accountants (SAFA). The bank was also confirmed its leadership in financial...

SIBL opens SME service centre at Bhulta

2008-12-18 00:00:00

Social Investment Bank Limited (SIBL) inaugurated its SME service centre at Bhulta, Narayanganj Monday, says a press release. SIBL Chairman Abdul Awal Patwary formally inaugurated the centre as the chief guest. Managing Director of the bank KM Ashaduzzaman presided over...

IBBL opens two more SME Service Centres

2008-12-18 00:00:00

The Islami Bank Bangladesh Limited (IBBL) has opened two more small and medium enterprise (SME) Service Centres at Charmuguria of Madaripur and Mahasthangar of Bogra.Deputy Commissioner of Madaripur Shashi Kumar Singh inaugurated the sixth SME service centre at Charmuguria of...

Dacca Dyeing AGM approves 10pc stock dividend

2008-12-18 00:00:00

The 30th annual general meeting (AGM) of the Dacca Dyeing and Manufacturing Company Limited has approved 10 per cent stock dividend (bonus shares).The AGM was held in the city recently. Chairman of the company Saifuddin Quader Chowdhury presided over the...

US Fed rate cut lifts Asian stock markets

2008-12-18 00:00:00

TOKYO, Dec 17: Asian stock markets rose Wednesday amid hopes that the action by the US Federal Reserve in slashing interest rates could pave the way for similar cuts across the region, according to Internet.Stocks in Asia rose, supported by...

corporatewatch

2008-12-18 00:00:00

Dhaka Fisheries changes AGM venueThe 20th annual general meeting (AGM) of Dhaka Fisheries Limited will now be held at Bango Taz Auditorium of Rathkhola in Gazipur instead of Project site of the company at Rajendrapur in Gazipur. The AGM date...

Call to build Dhaka as livable city for all

2008-12-18 00:00:00

Chief Adviser (CA) Dr Fakhruddin Ahmed Wednesday said the housing problem, traffic congestion and environmental pollution in capital would be reduced to a large extent in next 15 years with the implementation of the short, long and mid-term plans and...

BHBFC posts Tk 1.61b net profit last fiscal

2008-12-18 00:00:00

FE ReportThe state-owned Bangladesh House Building Finance Corporation (BHBFC) posted a net profit of 19.25 per cent in fiscal 2007-08.It made net profit Tk 1.61 billion in FY 2007-08 against Tk 1.35 billion in FY 2006-07, says a press release...

$149m WB loan to improve city's water and sanitation

2008-12-18 00:00:00

FE ReportThe World Bank will provide US$ 149 million loan to Bangladesh to improve water and sanitation services in Dhaka city.An agreement was signed between the Government of Bangladesh and the World Bank at the Economic Relations Division (ERD) office...

Road mishap injures three ETV crew

2008-12-18 00:00:00

SIRAJGANJ, Dec 17 (UNB): Three crew members of private TV channel ETV, including special correspondent Rashed Ahmed, were injured seriously as a bus hit their microbus Wednesday noon when they were accompanying BNP chairperson Khaleda Zia's motorcade.The two other injured...

Tk 2.87b Dutch help for Popular Edn Programme

2008-12-18 00:00:00

The Netherlands government will give 30 million Euro (Tk 287 crores) to Friends in Village Development Bangladesh (FIVDB) under a five-year agreement to implement 'Jonoshilon' (Popular Education), reports UNB.The agreement was signed at a local hotel in presence of Netherlands...

'57,000 die from using tobacco a yr across country'

2008-12-18 00:00:00

About 57,000 people die from using tobacco every year in the country, while 0.36 million (3.62 lakh) become infected, reports BSS.National Professor Dr MR Khan Wednesday said this while inaugurating an eight-day workshop on 'Training of NGO watchdogs to prevent...

Freedom fighters accorded reception

2008-12-18 00:00:00

BARGUNA, Dec 17 (UNB): District administration accorded a receptionto the valiant freedom fighters and their family members on the occasion of the Victory Day at the Shilpakala Academy auditorium in the town Tuesday.Chaired by additional district magistrate Mohammad Alim, Deputy...

Six dacoits held in Madaripur

2008-12-18 00:00:00

Our CorrespondentMADARIUR, Dec 17: A dacoity was committed in the house of Narayan Poddar at the Puranbazar commercial area of the Madaripur district town Sunday.Breaking the collapsible gate, a gang of dacoits entered the Narayan's house looted 5 bhoris of...

Khulna crush Dhaka

2008-12-18 00:00:00

A five-wicket haul by Ziaur Rahman guided hosts Khulna Division to earn a massive 170-run win over Dhaka Division on the fourth and last day of the four-day 9th round match of the Ispahani Mirzapore Tea 10th National Cricket League...

Australia recover from poor start

2008-12-18 00:00:00

Australia recovered from a dreadful start to finish the opening day of the first Test against South Africa on 341-9 at the Waca in Perth, reports BBC. The hosts were reduced to 15-3 after six overs as Makhaya Ntini struck...

Lankan squad due today

2008-12-18 00:00:00

A 15-member Sri Lanka national cricket team led by Mahela Jayawardene arrives in Dhaka today (Thursday) to take part in the two Tests against Bangladesh and a tri-nation cup tournament involving Sri Lanka, Zimbabwe and hosts Bangladesh, reports UNB. During...

Stanford to end involvement in cricket

2008-12-18 00:00:00

LONDON, DEC 17 (AP) : American billionaire Allen Stanford is reportedly planning to pull out of cricket after apparently losing $20 million in sponsorship deals from his Twenty20 Super Series competition in the West Indies.The Texan funded a winner-take-all $20...

India's ‘Wall’ not crumbling yet

2008-12-18 00:00:00

MOHALI, Dec 17 (AFP): Struggling Rahul Dravid begins the second Test against England here from Friday knowing he needs to come good not only for the team's sake, but also his own. The middle-order batsman, nicknamed the "Wall" due to...

Bangladesh improves position

2008-12-18 00:00:00

Bangladesh improved their position by seven steps in the FIFA-Coca Cola World ranking published this month, reports UNB.Bangladesh, which was placed 181st position in the FIFA World ranking of last November, now improved their position by seven steps and sharing...

B League resumes today

2008-12-18 00:00:00

After an 11-day break, the 11th round of the first phase Citycell 2nd B League resumes today (Thursday) at three venues across the country, reports UNB. On the day, Chittagong Abahani will take on Arambagh KS at the Chittagong Stadium,...

UK troops to leave Iraq 'by July'

2008-12-18 00:00:00

Gordon Brown and Iraqi prime minister Nouri Maliki say UK forces will have "completed their tasks" and leave the country by the end of July next year, reports BBC.The two leaders' joint statement came as they held talks in Baghdad.They...

Pirates seize four ships in Gulf of Aden

2008-12-18 00:00:00

NAIROBI, Dec 17 (Reuters): Somali pirates seized four ships in the Gulf of Aden on the same day the United Nations Security Council authorised countries to pursue the gunmen on land.A Kenyan maritime group said pirates hijacked an Indonesian tugboat,...