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HSBC Bank remains world's most valuable financial brand

2009-03-24 00:00:00

The global financial crisis has taken a heavy toll on banks' brand valuations, yet HSBC is still the world's most valuable financial services brand.The Bank has retained its top rank on the Global Banking 500, a review of the top...

Planning Minister visits Beximco Industrial Park

2009-03-24 00:00:00

Planning Minister Air Vice Marshal (retd) AK Khandaker visited Beximco Industrial Park Saturday to see the state-of-the-art factories of Bextex Ltd and Shinepukur Ceramics Ltd. Beximco Group Chairman ASF Rahman welcomed the minister. Bextex Group Director & CEO Mr Syed...

Badiul Alam new DMD of NBL

2009-03-24 00:00:00

Md Badiul Alam has recently been promoted as the Deputy Managing Director (DMD) of National Bank Limited, says a press release. Prior to his promotion he was the senior executive vice president and regional head of Chittagong region of the...

DBBL approves 50pc stock dividend

2009-03-24 00:00:00

Dutch-Bangla Bank Ltd (DBBL) has declared bonus of 0.5 share for existing 1 (one) share of Tk 100 each for its shareholders for the year 2008.The dividend was approved at the 13th annual general meeting (AGM) of the bank held...

US unveils $500b bank clean-up, mkts soar

2009-03-24 00:00:00

WASHINGTON, Mar 23 (AFP): The United States (US) unveiled a $500-billion programme to rid troubled banks of their bad assets, winning immediate approval from investors on Monday as stock markets soared.US Treasury Secretary Timothy Geithner wrote in The Wall Street...

BRAC Bank 'first premium banking lounge' launched

2009-03-24 00:00:00

FE Report BRAC Bank Limited formally launched its 'first premium banking lounge' at its Gulshan head office in the city recently, said a press release.BRAC Bank Chairman Muhammad A (Rumee) Ali inaugurated the lounge.Also present in the inaugural ceremony were...

Tata rolls out world's cheapest car

2009-03-24 00:00:00

MUMBAI, March 23 (AFP): India's Tata Motors Monday launched the world's cheapest car, the Nano, hoping to revolutionise travel for millions and buck a slump in auto sales caused by the global economic crisis.Company boss Ratan Tata said the no-frills...

corporate watch

2009-03-24 00:00:00

Withdrawal of authorised representative National Investment and Finance Company Limited, DSE Member No. 104, has withdrawn one of its authorised representatives, Md Mohi Uddin, with immediate effect.Trading of banks' sharesNBL: Normal trading of the shares of National Bank Limited (NBL)...

Kids among 17 killed in US plane crash

2009-03-24 00:00:00

LOS ANGELES, Mar 23 (Agencies): US federal investigators Monday searched for possible causes of a crash of a small plane that went down in the northern state of Montana killing all 17 people on board, many of them children."We think...

US Afghan plan must have 'exit strategy': Obama

2009-03-24 00:00:00

WASHINGTON, Mar 23 (AFP): US President Barack Obama said the United States must have an "exit strategy" in Afghanistan even as it expands its military, diplomatic and economic fight against a Taliban insurgency."What we're looking for is a comprehensive strategy,"...

China tells Japan it wants aircraft carrier

2009-03-24 00:00:00

BEIJING, Mar 23 (AFP): China will not remain the world's only major nation without an aircraft carrier indefinitely, state press Monday cited the nation's defence minister as telling his Japanese counterpart.Liang Guanglie made the remarks to visiting Japanese Defence Minister...

Zardari woos opposition to end Pak crisis

2009-03-24 00:00:00

ISLAMABAD, Maar 23 (Reuters): President Asif Ali Zardari called for national reconciliation in a Pakistan Day message Monday, as he sought to mend fences with the opposition after defusing a political crisis by restoring the country's top judge.The reinstatement of...

Congress coalition ahead in India election race

2009-03-24 00:00:00

NEW DELHI, Mar 23 (AFP): A coalition led by India's ruling Congress Party will secure the most seats in upcoming elections, but not enough to govern alone, according to a poll published Monday.The survey by research firm Nielsen for the...

Taliban kill eight Afghan police

2009-03-24 00:00:00

KABUL, Mar 23 (AFP): Taliban fighters ambushed a police vehicle in southern Afghanistan Monday, killing eight policemen, a senior official said, in the latest in a surge of attacks after the end of winter.The ambush took place in the village...

news digest

2009-03-24 00:00:00

Lankan navy kills five Tiger suicide rebels COLOMBO, Mar 23: Sri Lanka's navy killed five Tamil Tiger suicide rebels as they tried to mingle with refugees fleeing to government-controlled areas in the north, the defence ministry said Monday. A navy...

Call to make people aware of steps against natural disasters

2009-03-24 00:00:00

FE ReportWorld Health Organisation (WHO) at a workshop in the city Monday urged the media to make people aware of measures against natural disasters, like cyclone, flood and earthquake.WHO and Directorate General of Health Services (DGHS) jointly arranged the consultative...

Rich people urged to extend support for street children

2009-03-24 00:00:00

The speakers at a function Monday urged the well-to-do section of people to come forward to extend support for the street children for their better livelihood, reports BSS.Around 0.4 million street children in the capital have been earning their livelihood...

For normalcy in the campuses

2009-03-23 00:00:00

Expectation of a stable and inspirational start in different areas of national life was created following the last parliamentary elections and peaceful transition of power to an elected government. But it is a sad state of affairs that this hope...

Search for hydrocarbons must go on

2009-03-23 00:00:00

Shamsul Huq ZahidThe hope for striking gas in some of the offshore blocks which were earlier considered highly prospective is fading fast. The international oil companies (IOCs) that were awarded the right to explore hydrocarbon deposits in the offshore blocks...

Challenges before the government

2009-03-23 00:00:00

Amirul IslamElection promises are vital because the same make it clear to people what a party or parties would do for their good in different ways for going to power. But keeping the promises forms the challenge as resources are...

CNG-run auto-rickshaw fare and owners' daily rental charge

2009-03-23 00:00:00

IT started very well and on a right and inspirational note. We were going to use natural gas as fuel for vehicles. It was less costly and far, far cleaner for the atmosphere. It began with vehicles converting to use...

What about the promised change?

2009-03-23 00:00:00

In just one week a number of top civil servants, including secretaries and additional secretaries were transferred thrice.The random reshuffle in the administration shook the civil servants: 'Favoured' civil servants get 'good' postings and the others end up as OSD,...

Post Office working hours

2009-03-23 00:00:00

FOR posting a letter, on March 17 last, I went to the post office at Lama Bazar at Asadganj, Chittagong. It was around 3:15 PM. An old lady there asked me, "Why have you come at this time?" I wanted...

Not everything is so hopeless

2009-03-23 00:00:00

Mozzamel HossainFAR too many people are already seen living in this tiny country in the physical sense. Thus, anxiety is expressed about the living space for this population which would become even greater in the future not to mention finding...

Need for demand-driven education

2009-03-23 00:00:00

Md. Joynal AbedinTo all appearances, this country is heading towards a middle-income economy. Right now, it is still a least developed country (LDC) with quite a very large portion of the population living hand to mouth. Obviously, there are a...

Invest in solar, not nuclear energy

2009-03-23 00:00:00

Fauzia ZebunNuclear energy should not be an option for a stark poor country like Bangladesh where proper up keep of even low-tech installations is so deplorable. It is very worrying indeed that lobbyists are once again active in trying to...

Addressing the problem of water in everyday life

2009-03-23 00:00:00

Dr. Shamsul AlamWater, water, everywhere, And all the boards did shrink. Water, water everywhere, Nor any drop to drink. -- Samuel TaylorThousands have lived without love, not one without water. -- W.H.AudenIt is the potential for economic growth that provides...

EU takes different approach to financial crisis

2009-03-23 00:00:00

BRUSSELS, March 22 (Xinhua): European Union (EU) leaders concluded their two-day spring summit on Friday with the adoption of a common position for the upcoming Group of 20 (G20) financial summit in London. The leaders made it clear that the...

WB Programme Manager meets office bearers of ICMAB

2009-03-23 00:00:00

World Bank Sr Programme Manager, Financial Management Unit, Operation Policy and Country Services M Zubaidur Rahman met the office bearers of the ICMAB at ICMA Bhaban in the city recently, said a press release. They discussed the progress about a...

Can world leaders learn lessons from 1933s at G20 summit ?

2009-03-23 00:00:00

LONDON, March 22 (AFP): The credit crunch is often compared to the 1930s Great Depression, but world leaders must hope April's G20 London summit does not flop like a 1933 conference which experts say has parallels to today. The London...