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M'sian firm inks deal to develop Saudi port

2007-11-07 00:00:00

KUALA LUMPUR, Nov 6 (AFP): Malaysian conglomerate MMC Corporation has signed a deal to take part in a joint venture project to develop a 535 million dollar container terminal at Jeddah port in Saudi Arabia. MMC said in a statement...

Oil prices rise to near $95 a barrel

2007-11-07 00:00:00

SINGAPORE, Nov 6 (AP): Oil prices rose Tuesday on expectations of further declines in U.S. crude oil stocks, fueling concerns that supplies may be inadequate going into the Northern Hemisphere winter. Market participants expect the U.S. Energy Department to report...

Dollar mixed in Asian trade

2007-11-07 00:00:00

TOKYO, Nov 6 (AFP): The dollar was mixed in Asia today as traders waited nervously to see if further bad news would emerge on the US subprime loan crisis, dealers said. The euro edged up to 1.4492 dollars in Tokyo...

Energy to top Chinese PM's Moscow agenda

2007-11-07 00:00:00

MOSCOW, Nov 6 (PTI): The construction of a trans-Siberian gas pipeline to China and civil nuclear cooperation are expected to top the agenda of Chinese Premier Wen Jiabao's two-day visit to Russia beginning yesterday. In Moscow, Wen is scheduled to...

China's major edible oil makers urged to stablise prices

2007-11-07 00:00:00

BEIJING, Nov. 6 (Xinhua): Executives of China's major edible oil manufacturers and guild leaders were summoned to Beijing yesterday for a closed door meeting at which the government required them to step up production to rein in the soaring market...

Cambodian gasoline prices surge to all-time high

2007-11-07 00:00:00

PHNOM PENH, Nov 6 (AFP): Cambodian gasoline costs are at an all-time high, officials said today, spurred on by a 10 per cent surge in pump prices over the weekend. Premium gasoline has topped out at over 1.11 dollars a...

Amended laws to be published as ordinance soon

2007-11-07 00:00:00

FE ReportThe Bangladesh Insurance Association (BIA) held a meeting with the chief controller of insurance (CCI), chairmen and managing directors of all the insurance companies at the conference room of Jamuna Resort Ltd in the city Saturday.BIA Chairman AKM Rafiqul...

Shahjalal Bank opens branch at Mirpur

2007-11-07 00:00:00

FE ReportShahjalal Islami Bank Limited (SJIBL) opened its 23rd branch (Mirpur branch) at 230 Sen Para Parbata, Mirpur-10, in the city Tuesday. Chairman of the board of directors of the bank Akkasuddin Mollah formally inaugurated the branch.Mollah said, Shahjalal Islami...

Dhaka Bank opens 3rd brokerage house in city

2007-11-07 00:00:00

FE ReportDhaka Bank Ltd (DBL) opened its third brokerage house of capital market services at the Dhaka Stock Exchange (DSE), Annex Building at 9/E Motijheel Commercial Area in the city Tuesday.The Dhaka Bank capital market services include margin account, custodial...

Waliur Rahman joins ACI board

2007-11-07 00:00:00

FE ReportWaliur Rahman Bhuiyan OBE Joined ACI board as a director, said a press release.Bhuiyan is the managing director of BOC (Bangladesh) Limited. He was president of the Foreign Investors' Chamber of Commerce and Industry for several terms. He has...

Prime Bank pens its 56th branch

2007-11-07 00:00:00

FE ReportPrime Bank Ltd opened its 56th branch at the city's Bijoynagar area Tuesday, said a press release.Chairman of the board of directors Azam J Chowdhury inaugurated the new branch being present as the chief guest on the occasion.Managing Director...

A pond will change lot of 2000 people

2007-11-07 00:00:00

Our CorrespondentSIRAJGANJ, Nov 6: Fish cultivation on 260 bighas of water body of Soydabad village in Sirajganj Sadar upazila may change the lot of at least 2000 people of 350 families. These people are seeing a ray of hope from...

Nat'l Cooperative Day observed in Rajshahi

2007-11-07 00:00:00

Our CorrespondentRAJSHAHI, Nov 6: A colourful procession and a discussion meeting were organised on the occasion of observance of National Cooperative (Samabay) Day in Rajshahi.The procession started from Zila Parishad auditorium and paraded various streets. The processionists then held a...

Continental Ins MD attends int’l confce

2007-11-07 00:00:00

FE ReportManaging Director (MD) of the Continental Insurance Limited Md Hashmat Ali left Dhaka recently to attend the four-day 'Ninth Singapore Internatio-nal Reinsurance Conference'.The conference began Sunday and would continue until today (Wednesday), said a press release. Singapore Reinsurance Association,...

Bangladesh gets $1.07m export orders in HK fair

2007-11-07 00:00:00

FE ReportBangladesh entrepreneurs have fetched export orders worth US$1.07 million by taking part in the China Sourcing Fair for Gift and Home Products in Hong Kong.Of the total order, $0.27 million was fetched as spot order and $0.8 million as...

corporate watch

2007-11-07 00:00:00

Holiday at DSE, CSE todayThe offices of Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) will remain closed today (Wednesday) on the occasion of National Revolution and Solidarity Day. Therefore, there will be no trading today. CDBL system remains...

$150m ADB fund for Bangladesh's battle against corruption

2007-11-07 00:00:00

The Asian Development Bank (ADB) is extending a financial assistance package that will better equip the Bangladesh government in its fight against corruption and enable it to establish a system of good governance that will pave the way for more...

30pc of teachers must be women

2007-11-07 00:00:00

At least 30 per cent of teachers in non-governmental educational institutions must be women, the government has said in an order, reports bdnews24.com. The order dated Nov 1 by the Ministry of Education said if the institutions failed to go...

Sherpur district BNP vice-president jailed for 12 years

2007-11-07 00:00:00

SHERPUR, Nov 6 (UNB): The district BNP vice-president was sentenced to jail for 12 years for extortion and cheating.Joint district judge Sheikh Mafizur Rahman handed down the punishment to Fazlul Haq Lovelu on different charges. He was also fined Tk...

EC commissioners fly to London for talks on vote

2007-11-07 00:00:00

LONDON, Nov 6 (bdnews24.com): Election commissioners M Shakhawat Hussain and Sohul Hussain arrived in London Monday evening to have discussion with expatriate Bangladeshi on how they can vote in national polls from the UK. Deputy High Commissioner Ashraf Uddin Ahmed...

Two more cases filed against Khulna Mayor

2007-11-07 00:00:00

KHULNA, Nov 6 (UNB): Two more extortion cases were filed with Sadar thana here against detained Khulna City Mayor Sheikh Tayebur Rahman Monday night.Jahangir Alam, a sacked KCC messenger, filed one case against him for demanding Tk 0.15 million from...

AL leaders condole Latib Mirza's death

2007-11-07 00:00:00

Awami league acting president Zillur Rahman and general secretary Syed Ashraful Islam expressed deep shock at the death of former MP and district Awami League president Abdul Latib Mirza, reports UNB.In separate condolence messages, they said the country's has lost...

Mir Shawkat says he was wrongly quoted on Zia

2007-11-07 00:00:00

Retired lieutenant general Mir Shawkat Ali Tuesday claimed that he was misquoted by newspapers when he was asked to comment on the house arrest of former president Ziaur Rahman, reports bdnews24.com. Shawkat said it was one captain Hafizullah, not Hafizuddin...

DU students launch signature campaign for punishment of war criminals

2007-11-07 00:00:00

Uttaradhikar-71, a platform of common students of Dhaka University, Tuesday launched a signature collection campaign, demanding punishment of the war criminals of 1971, reports UNB.Prior to launching the signature campaign, the Uttaradhikar-71 members held a general meeting on the premises...

Nat'l Revolution, Solidarity Day today

2007-11-07 00:00:00

The National Revolution and Solidarity Day will be observed today (Wednesday) commemorating the 1975 uprising staged by people and soldiers amid a topsy-turvy on the country's political arena, reports UNB.On this day in 1975, the protestors foiled a "conspiracy" against...

Climate change may affect achievement on poverty reduction: President

2007-11-07 00:00:00

President Professor Dr Iajuddin Ahmed has said the significant achievement on poverty reduction and improvement of human development during the last few decades may be challenged by climate change and other associated disasters, reports UNB. Iajuddin Ahmed was speaking at...

‘Banglalink Explore Bangladesh’ starts youth awareness campaign at DU

2007-11-07 00:00:00

DU Correspondent'Banglalink Explore Bangla-desh,' a month-long youth awareness campaign was started at Dhaka University (DU) Tuesday to attract students to visit various beauty spots in Bangladesh and highlight the benefits of sustainable tourism in the country. DU Tourists' Society has...

Sirajul gets CWP award

2007-11-07 00:00:00

Managing Director of Amin Jewellers Kazi Sirajul Islam recently received "Child Welfare Performance (CWP) Award of the Year 2006" for his outstanding contribution to the education sector.Foreign Adviser Dr Iftekhar Ahmed Chowdhury handed over the award at a function organised...

Fresh unrest as Pakistan mulls elections

2007-11-07 00:00:00

ISLAMABAD, Nov 6 (Agencies): Stone-throwing lawyers again clashed with baton-wielding police as President Gen. Pervez Musharraf's government considered Tuesday when to hold elections amid growing international pressure to end emergency rule and restore democracy Unrest broke out in the central...

22 bodies found in mass grave in Iraq

2007-11-07 00:00:00

BAGHDAD, Nov 6 (Agencies): Iraqi soldiers discovered 22 bodies in a mass grave northwest of the capital, the US military said Tuesday. The bodies were found Saturday during a joint operation with US forces in the Lake Tharthar area, the...