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Ctg Trade Fair extended till March 31

2009-03-22 00:00:00

FE ReportThe tenure of the 17th Chittagong International Trade Fair has been extended till March 31, said a statement issued from Chittagong Chamber of Commerce and Industry (CCCI).The fair began on February 21.Thailand is the Partner Country of this year's...

CBC workshop for its staff held

2009-03-22 00:00:00

FE Report A day-long training workshop on 'Professional Salesmanship and Effective Key Account Management' organised by Commercial Bank of Ceylon (CBC) for its staff at its Corporate Office Training Centre in the city recently, said a press release. The training...

Greenback maintains slightly gaining tone

2009-03-22 00:00:00

Sarwar Zahan US dollar maintained a slightly gaining tone against Bangladesh taka (BDT) in the inter-bank foreign exchange market last week mainly due to smooth supply of the greenback, fund managers said. The demand for the greenback remained strong because...

Citigroup and Li & Fung celebrate century-old partnership

2009-03-22 00:00:00

Recently Citi and Li& Fung, one of Hong Kong's oldest export trading, distribution and retailing companies celebrated their unique partnership spanning three generations, said a press release.The celebration dinner was attended by senior members of Citi such as Stephen Bird,...

Global stocks close out volatile week mixed

2009-03-22 00:00:00

LONDON, Mar 20 (AFP): Global stock markets were mixed on Friday as investors tried to get a fix on what comes next after the latest efforts, including a trillion dollar US programme, to tame the global economic slump.Dealers said that...

Berger holds annual sales conference in Bangkok

2009-03-22 00:00:00

Berger Paints Bangladesh Ltd (BPBL) organised its 'Annual Sales Conference 2009' in Bangkok, Thailand recently. A total of 69 officials of Berger Paints participated in the conference, says a press release. BPBL Managing Director Rupali Chowdhury inaugurated the conference. Performance...

BRAC Bank distributes prizes of Wall Magazine competition

2009-03-22 00:00:00

FE Report BRAC Bank Limited recently distributed prizes of the Wall Magazine competition to commemorate the International Women's Day-2009, said a press release.BRAC Bank Chairman Muhammad A (Rumee) Ali and its Director Tamara Hasan Abed selected the winners of the...

Ctg BGMEA leaders take charge

2009-03-22 00:00:00

Our CorrespondentCHITTAGONG, Mar 21: The newly elected first vice president of Bangladesh Garment Manufacturers and Exporters' Association (BGMEA) Nasiruddin Chowdhury and its directors assumed their charges at the Chittagong regional office of the association here Wednesday.BGMEA arranged a function on...

Siddique promoted as NCC Bank DMD

2009-03-22 00:00:00

AK Mohammad Siddique has been promoted as deputy managing director of NCC Bank Ltd, according to a press release. Prior to this promotion, he worked in the same bank as senior executive vice president and in-charge of Chittagong area.Siddique completed...

Japan's Aso says stock traders seen as untrustworthy

2009-03-22 00:00:00

TOKYO, March 21, 2009 (AFP) - Japan's Prime Minister Taro Aso made another gaffe on Saturday after saying share traders were regarded as untrustworthy by some Japanese, local media reported."If you are dealing stocks, you can be somehow regarded as...

US deficit swells on rescue efforts

2009-03-22 00:00:00

WASHINGTON, March 21 (AFP): A new forecast yesterday showed US economic rescue efforts would push the budget deficit to the biggest per centage of the economy since 1945, as EU officials pledged aid to Eastern Europe but balked at boosting...

Migrants change track to beat recession

2009-03-22 00:00:00

There is no doubt the current recession will be the worst in a generation and migrants are changing their destinations as a result, reports BBC.The hike in oil prices in the 1970s and 1980s caused a recession in the industrial...

Singapore may take up to six years to recover

2009-03-22 00:00:00

SINGAPORE, March 21 (AFP): Singapore's recession-hit economy may take up to six years to recover in a worse-case scenario, influential founding father Lee Kuan Yew said. "The optimistic scenario is, two to three years, we're out of this," Lee told...

Spanish town struggles with 75 pc unemployment

2009-03-22 00:00:00

LA LANTEJUELA, (Spain), March 21 (AFP): On the outskirts of this town of white-washed houses, dozens of warehouses where building materials were once produced have been idle since an economic boom came to an abrupt end last year. During the...

IMF welcomes EU aid pledge

2009-03-22 00:00:00

WASHINGTON, March 21 (AFP): The International Monetary Fund said yesterday that the European Union's pledge to lend it some 100 billion dollars was a key step toward stabilising the teetering global financial system. "I welcome the announcement today by the...

Record deficit will not trim Obama agenda

2009-03-22 00:00:00

WASHINGTON, March 21 (AFP): New forecasts that the US deficit will hit a record 1.845 trillion dollars will not trim President Barack Obama's objectives or thwart his plan to halve the shortfall by 2013, the White House said yesterday. "None...

British police bracing for G20 summit

2009-03-22 00:00:00

LONDON, March 21 (AFP): Britain's police said yesterday they would be stretched to cope during next month's G20 summit with the world's top leaders-and thousands of protesters-due to descend on London. Global summits are regularly targeted by violent protesters and...

US Treasury to act on toxic assets

2009-03-22 00:00:00

WASHINGTON, March 21 (AFP): The US government will unveil on Monday a three-step plan to sell toxic assets weighing down the financial system, thinking that investors will be attracted to the combination of discount prices and government assistance, The Wall...

Fed stimulus boosts commodity prices

2009-03-22 00:00:00

LONDON, Mar 21 (AFP): Commodity prices rallied this week as the US Federal Reserve's decision to pump more than a trillion dollars into the ailing American economy weakened the greenback, leaving investors to seek out havens. "The Fed's decision to...

China to push fewer, stronger car and steel makers

2009-03-22 00:00:00

BEIJING, Mar 21 (Reuters): China will concentrate more power in the hands of fewer auto and steel companies, the government has said in unveiling its most concrete plans yet for reform of the two industries.The State Council, or cabinet, said...

Bolivia has largest global lithium reserves

2009-03-22 00:00:00

LA PAZ, Mar 21 (AFP): Bolivia is home to the largest global reserves of lithium, with some five billion tonnes of the soft metal that can be used in electric car batteries, the Mining Ministry said yesterday. The reserves, which...

WTO to rule on Thai-US dispute over plastic bags

2009-03-22 00:00:00

GENEVA, Mar 21 (AFP): The World Trade Organisation Friday said it would rule on a trade dispute between Thailand and the United States over anti-dumping measures applied by Washington against Thai plastic bags."The panel was established," a WTO spokeswoman said,...

10,000 children engaged in odd jobs in Faridpur

2009-03-22 00:00:00

Our CorrespondentFARIDPUR, Mar 21: Children in the char areas of Faridpur are being deprived of education as they are forced to engage themselves in income generating activities due to abject poverty of their families.Their parents send them to work for...

Farmers frustrated as potato price plummets in Rangpur

2009-03-22 00:00:00

Our CorrespondentRANGPUR, Mar 21: The potato growers of the district have become frustrated due to lower price of potato than the production cost.Farmers of eight upazilas of Rangpur have been cultivating potatoes in their lands for years. But they are...

Road construction work worth Tk 7.8m begins in Gaibandha

2009-03-22 00:00:00

Our CorrespondentGAIBANDHA, Mar 21: The construction work of Durgapur WAPDA embankment -- Chapadaho Kisamat Balua road under sadar upazila in the district has begun.Local Government Engineering Department (LGED) is implementing the work at the cost of Tk 7.8 million under...

Vodafone to spin off Indian mobile masts

2009-03-22 00:00:00

MUMBAI, Mar 21 (Reuters): The Indian business of mobile phone group Vodafone plans to put its mobile phone towers and infrastructure along with the stake in a tower firm into a separate firm, the Economic Times said Saturday. Citing two...

Community clinics to be strengthened to ensure healthcare: Health Minister

2009-03-22 00:00:00

The government has planned to strengthen the country's community clinics to make them functional again alongside Upazila health complexes to ensure people's primary healthcare, reports UNB.Health Minister Dr AFM Ruhul Haque stated this while speaking at an inaugural function of...

DU students lock Political Science Department

2009-03-22 00:00:00

DU CorrespondentThe students of Political Science Department of Dhaka University (DU) Saturday kept their department office under lock and key demanding immediate publication of results of honours final examination. The disgruntled students of the academic year 2003-04 told reporters that...

Water is most precious natural resource: Ban Ki-moon

2009-03-22 00:00:00

United Nations Secretary General Ban Ki-moon said, the water is our most precious natural resource, reports BSS."More than ever we need to work together to use it wisely. While the world's growing population is consuming more freshwater, climate change is...

Educational appliances distribute to poor students

2009-03-22 00:00:00

Our CorrespondentKUSHTIA, Mar 21: The Welfare Association of Kumarkhali upazila distributed educational appliances among poor and bright students of high schools here Friday morning.The chairman of BRB Group Industries Ltd. and industrialist Alhaz Mozibur Rahman was present as chief guest...