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Jordan, Egypt vow to boost trade, investment co-op

2008-12-16 00:00:00

AMMAN, Dec 15 (Xinhua): Officials from Jordan and Egypt yesterday called for moves to boost bilateral trade and investment as they gathered here to prepare for the incoming meetings of the joint Jordanian-Egyptian higher committee. Muntaser Oqlah, secretary general of...

Warid Telecom wins the Brand of the Year Award in Pakistan

2008-12-16 00:00:00

Warid Telecom (Pvt) Limited has won 'Brand of the Year Award' again in 2008, in the category of 'The Best Cellular Company in Pakistan'. Prime Minister of Pakistan - Yousuf Raza Gilani presented the award to Faisal Ejaz Khan -...

Fidelity seeks to sell Indian tech services unit

2008-12-16 00:00:00

NEW DELHI, Dec 15 (AFP): US financial giant Fidelity Investments has put its captive Indian technology services unit up for sale as part of a cost-cutting move, India's Economic Times newspaper reported today. The successful bidder would get a multi-year...

Oil higher in Asia on expectations of OPEC production cut

2008-12-16 00:00:00

SINGAPORE, Dec 15 (AFP): World oil prices rebounded in Asian trade today on expectations that OPEC will cut its production targets at a meeting this week, dealers said. Prices also lifted on signs that the White House could come to...

Indonesia cuts oil prices

2008-12-16 00:00:00

JAKARTA, Dec. 15 (Xinhua): Indonesian President Susilo Bambang Yudhoyono announced yesterday the reduction of oil prices to protect the country's economy from the fallout of the global financial crisis. The president made the decision after a cabinet meeting on Sunday...

Wealth of richest Arabs plunges in 2008

2008-12-16 00:00:00

DUBAI, Dec 15 (AFP): The wealth of the richest Arabs plunged in 2008, with Prince Alwaleed bin Talal, the richest of all, seeing his investments shrivel nearly 20 per cent, according to a list published in Dubai yesterday. The Saudi...

China's industrial output slows to 5.4pc in November

2008-12-16 00:00:00

BEIJING, Dec 15 (AFP): China's industrial output growth slowed to 5.4 per cent in November from a year earlier, official data showed today, providing the latest evidence that the nation's economy is quickly losing steam. In the first 11 months...

United Airways holds AGM

2008-12-16 00:00:00

United Airways (BD) Ltd held third annual general meeting (AGM) of the company in the city Sunday, says a press release. Chairman and Managing Director of the company Tasbirul Ahmed Choudhury presided over the meeting. Directors and a large number...

Jaypurhat farmers produce huge winter vegetables

2008-12-16 00:00:00

Our Correspondent JAYPURHAT, Dec 15: Jaypurhat farmers are cultivating huge winter vegetables this year and the city and rural markets are filled with those. Farmers have cultivated varieties of vegetables such as bottle gourd, cauliflower, radish, brinjal, country-bean, cabbage, green...

Rupee appreciates 27 paise against dollar

2008-12-16 00:00:00

MUMBAI, Dec 15 (PTI): The Indian rupee appreciated 27 paise against the US currency in opening trade on dollar today selling by exporters amid surging trend in Asian stock markets. At the Interbank Foreign Exchange (Forex) market, the domestic currency...

Global cotton trade may dip by 12 pc in 2008-09

2008-12-16 00:00:00

NEW DELHI, Dec 15 (PTI): The global cotton trade is likely to fall by 12 per cent to 7.3 million tonnes in 2008-09, following uncertainty about the global financial crisis and tightening credit availability for spinning mills, the International Cotton...

Prime Bank EGM approves enhancement of authorised capital to Tk 10.0 billion

2008-12-16 00:00:00

The Sixth Extra Ordinary General Meeting (EGM) of Prime Bank Limited was held at National Shooting Federation Complex in the city Monday. The EGM decided to amend relevant sections of Memorandum of Association and Articles of Association to raise authorised...

NRB Branch of Janata Bank inaugurated

2008-12-16 00:00:00

FE ReportFinance Adviser Dr. A.B. Mirza Azizul Islam Monday inaugurated the NRB (Non Resident Bangladeshis) Branch of Janata Bank Limited for facilitating the inflow of remittance by the Bangladeshi expatriates. The branch is the 849th branch of Janata Bank, but...

Call rate eases, dollar gains

2008-12-16 00:00:00

FE Report The inter-bank call money rate eased Monday with returning back of cash, drained out ahead of Eid festival, into the banking channel. The US dollar, on the other hand, gained against Bangladesh taka (BDT) in the inter-bank foreign...

CCCI gets new set of leaders, MA Latif president

2008-12-16 00:00:00

An emergency meeting of the newly elected board of directors of Chittagong Chamber of Commerce and Industry (CCCI) was held at CCCI Conference Hall in Chittagong Monday, says a press release. The meeting was presided over by CCCI Director Mohammed...

BRAC Bank opens 100th ATM at Alliance Francaise

2008-12-16 00:00:00

BRAC Bank Ltd launched its 100th ATM booth at Alliance Francaise on Mirpur Road in the city Monday.BRAC Bank Managing Director-cum-CEO AEA Muhaimen inaugurated the booth, says a press release. BRAC Bank is continuing a major expansion plan to extend...

Detention of foreign vessels at Ctg steers panic

2008-12-16 00:00:00

Our CorrespondentCHITTAGONG, Dec 15: Foreign shipping companies are now reluctant to send their vessels to this principal port of the country following repeated incidents of detaining foreign vessels at Chittagong Port (CP) during last one and a half months creating...

SJIBL opens SME service centre at Madhabdi

2008-12-16 00:00:00

Shahjalal Islami Bank Limited (SJIBL) inaugurated its first SME service centre at Madhabdi, Narsingdi Monday, says a press release. Managing Director of the bank Muhammad Ali inaugurated the service centre as the chief guest. Among others, Deputy Managing Directors Md...

Fertiliser crisis hampering Robi crops cultivation

2008-12-16 00:00:00

Our CorrespondentFARIDPUR, Dec 15: Acute shortage of chemical fertilisers, including Triple Super Phosphate (TSP), is hampering the cultivation of Robi crops in Faridpur district.The farmers who are cultivating boro, wheat, potato, mustard, sunflower, soybean, tomato, cabbage, brinjal, bean, sugarcane, vegetables,...

Best Air makes debut flight to Canton Jan 7

2008-12-16 00:00:00

Naim-Ul-Karim Privately owned Best Air is set to become the first Bangladesh airlines to fly China after Dhaka and Beijing signed a new air service agreement, a spokesman of the company said Monday."We are going to operate our debut flight...

Stocks rise in Asia

2008-12-16 00:00:00

TOKYO, Dec 15 (AFP): Asian stock prices rebounded sharply today on growing hopes that the United States will step in to save its ailing Big Three automakers. Japan's Nikkei index surged 5.21 per cent, while Seoul's KOSPI index added 4.90...

New Singer Plus Shop opens in Mymensingh

2008-12-16 00:00:00

President and CEO of Singer Asia Mr. Gavin Walker formally inaugurated a new Singer Plus Shop at Masterbari under Bhaluka upazilla in Mymensingh recently.Director & Chief Operating Officer Mr. A.M. Hamim Rahmatullah, Marketing Director Mr. Sajidur Rahman Khan, senior officials...

corporatewatch

2008-12-16 00:00:00

SEC to hold Investors Awareness ProgrammeThe Securities and Exchange Commission (SEC) has arranged 'Investors Awareness Programme' for general investors and invites active participation for taking proper investment decision in the capital market of the country. The awareness programme will be...

Thai opposition leader becomes prime minister

2008-12-16 00:00:00

BANGKOK, Dec 15 (AP): An opposition leader was chosen as Thailand's prime minister Monday in an effort to end months of political turmoil, but the move unleashed new protests by supporters of the previous government who hurled rocks at lawmakers.Abhisit...

Obama tackling foreign, domestic matters

2008-12-16 00:00:00

CHICAGO, Dec 15 AP): President-elect Barack Obama is tackling matters both domestic and foreign at the start of what is expected be a jam-packed final work week before he travels to his home state of Hawaii for the holidays.Obama is...

Pakistan hauliers refuse to take supplies to Afghanistan

2008-12-16 00:00:00

PESHAWAR, Dec 15 (AFP): Haulage companies in Pakistan have stopped delivering to foreign troops in Afghanistan after a major deterioration in security along the key supply route, an association official said Monday. The decision follows a series of major raids...

UN chief’s visit to help Myanmar, says EU envoy

2008-12-16 00:00:00

TOKYO, Dec 15 (AFP): The European Union's (EU) special envoy on Myanmar said Monday a visit by United Nations (UN) Secretary General Ban Ki-moon to the military-ruled nation would have a positive impact and trigger dialogue with the opposition. Ban,...

Afghanistan, UK facing common threat : Karzai

2008-12-16 00:00:00

LONDON, Dec 15 (AFP): Afghan President Hamid Karzai expressed his thanks in a newspaper article Monday for British support in Afghanistan and said the two countries were facing the same 'disease' of violent extremism. Writing in the Times three days...

American rich and poor pawn more to pay bills

2008-12-16 00:00:00

BEVERLY HILLS, California, Dec 15 (Reuters): Whether it's a Tiffany diamond or a three-year-old lawnmower, more and more Americans from all social classes are pawning their possessions to make ends meet.Pawn shop owners see strong business across the country, even...

Japanese Nobel winner says he will bury medal

2008-12-16 00:00:00

TOKYO, Dec 15 (AFP): Japanese Nobel physics laureate Toshihide Maskawa said Monday he planned to bury his medal in the ground as the camera-shy professor returned from the ceremony in Sweden. Maskawa, who has charmed Japan with his eccentricities, made...