HANOI, Dec 3 (AFP): Vietnam has announced a stimulus plan worth more than one billion dollars to avoid recession as the global economic crisis bites into its export-led economy, state media reported today. Prime Minister Nguyen Tan Dung approved a...
SINGAPORE, Dec 3 (AFP): Singapore has urged that a summit of the Association of Southeast Asian Nations (ASEAN), postponed until March because of unrest in host country Thailand, be held earlier. "While Singapore understands why the summit has to be...
SINGAPORE, Dec 3 (AFP): Crude prices gained ground in Asian trade Wednesday after slipping to three-year lows on continued demand worries, dealers said. New York's main futures contract, light sweet crude for January delivery, gained 1.10 dollars to 48.06 dollars...
Our Correspondent JOYPURHAT, Dec 3: As a major potato grower district of the country, Joypurhat farmers are facing scarcity for fertiliser and low price of potato.Potatoes will be cultivated in 37 thousand hectares of land in the district and production...
Our Correspondent BARISAL, Dec 3: National Board of Revenue (NBR) Chairman Muhammad Abdul Majid called for lessening dependence on foreign loan and increasing internal resources, appreciated increase of tax payers in southern region even after the severe affect of hurricane...
GENEVA, Dec 3 (AFP): African cotton-producing countries are ready to block any global trade deal that fails to address their interests on cotton, Mali Trade Minister Ahmadou Abdoulaye Diallo said yesterday. "We would say loud and clear that if our...
MUMBAI, Dec 3 (PTI): Gold prices fell sharply by Rs 410 per ten grams to close at Rs 12,600 on the bullion market here yesterday on persistent offerings by stockists triggered by fall in global markets. Silver prices also dropped...
NEW DELHI, Dec 3 (PTI): India has banned trade of rough diamonds with Venezuela following the withdrawal of the south American nation from an international protocol that disallows illegal trade of the precious stone for funding strifes. "The import or...
FE Report Having designated sites for knitwear production will yield a lot of economic benefits including direct employment, export growth and product diversification, extremely needed to stand the sector in good stead amid the stiff global competition, speakers said at...
Our Correspondent CHITTAGONG, Dec 03: Chittagong city Mayor ABM Mohiuddin Chowdhury observed that it had become essential to set up a Circuit Bench of High Court Division in Chittagong to ensure prompt settlement of the Customs and port related complicated...
FE Report The inter-bank call money rate gained ground Wednesday although the central bank injected fresh cash through repurchase agreement (repo), as demand for cash increased ahead of holy Eid-ul Azha. The US dollar raised its lower edge against Bangladesh...
FE Report Bangladesh Krishi Bank (BKB) disbursed Tk 15.47 billion (1547 crore) loan during last five months of the current fiscal year (FY), which was Tk 4.79 billion higher than the amount disbursed during the corresponding period of the last...
The New York-based financial magazine Global Finance has selected Janata Bank Limited as the best bank in Bangladesh for 2008, says a press release. The bank won the award for achieving high performance and growth in banking sector of Bangladesh.The...
Eastern Bank Ltd (EBL) opened a booth at Chittagong Port at a simple ceremony recently for the convenience of the customers. Chittagong Port Authority Chairman RU Ahmed inaugurated the booth as the chief guest of the opening ceremony, says a...
FE Report IDCOL has recently launched 'Shonchalok' -- a Tk 500 million (50 crore) soft loan facility to support the software and information technology (IT) related companies in the country, said a press release. Chaired by Economic Relations Division (ERD)...
FE Report ICB Asset Management Company Limited (AMCL), a subsidiary of Investment Corporation of Bangladesh (ICB), recently announced Net Asset Value (NAV) of its four unit funds, said a press release.The total NAV of ICB AMCL Islamic Mutual Fund stood...
FE Report Southeast Bank Limited (SEBL) recently organised a workshop on 'IT Security in Banking and Financial Institute' in collaboration with Australian 'Witham Laboratories' for the banking community.SEBL Senior Executive Vice-president and head of IT SM Mainuddin Chowdhury inaugurated the...
Dutch-Bangla Bank Limited (DBBL) has opened its 60th branch at Bandura in Nowabganj of Dhaka.Managing Director of the bank Md Yeasin Ali inaugurated the branch at Sezan Multi Shopping Mall of Bandura Bazar recently, said a press release.In this connection,...
FE Report Citibank, NA Bangladesh Monday opened its new offshore banking unit (OBU) service office at Adamjee Export Processing Zone (EPZ), said a press release. Commerce and Education Adviser Hossain Zillur Rahman inaugurated the service office as the chief guest...
FE ReportDhaka-based reporters covering stock market are going to launch a forum styled Capital Market Journalists' Forum (CMJF) today (Thursday) with a view to improving the professional skill of its members.Finance and Planning Adviser Mirza Azizul Islam is expected to...
LONDON, Dec 3 (AFP): Europe's leading stock markets fell in early trade today while Asian shares clawed back some ground after Wall Street rebounded overnight on hopes of a US government rescue for ailing automakers. The Asian recovery from heavy...
KUWAIT CITY, Dec 3: Stock markets in the Gulf region closed higher Wednesday in very quiet trading as investors began preparing for a long Muslim holiday ending in Eid Al-Azha, according to Internet.The Saudi market, the Arab world's largest, finished...
BANGKOK, Dec 3 (AP): Thailand's central bank slashed interest rates by the largest amount in eight years, attempting to stave off recession as the economy reels from the global downturn and a week-long shutdown of Bangkok's airports by anti-government protesters.The...
Daffodil Computers changes AGM dateThe authorities of Daffodil Computers Limited have stated that due to National Parliamentary Election the 11th AGM of the company will now be held on December 31, '08 instead of December 29, '08. Other information relating...
BANGKOK, Dec 3 (AFP): The first flight arrived at Bangkok's main airport Wednesday after anti-government protesters packed up and left, ending a week-long siege that crippled Thailand and stranded thousands of tourists.The exodus came a day after the People's Alliance...
NEW DELHI, Dec 3 (Reuters): US Secretary of State Condoleezza Rice Wednesday urged Pakistan to move fast to help catch those responsible for the Mumbai attacks that have threatened Pakistan's relations with India."This is the time for everybody to cooperate...
People who are taking a generic drug to lower blood pressure or ward off stroke and heart troubles can rest easy. Those low-cost alternatives are just as good as more expensive, brand-name drugs, according to Harvard researchers who published a...
The first of more than 100 countries are due to begin signing a treaty to ban the use of cluster bombs, at a conference in Oslo, Norway, reports BBC.Campaigners are hailing the treaty as a major breakthrough. But some of...
WASHINGTON, Dec 3 (AFP): Pakistani President Asif Ali Zardari Tuesday strongly denied his country was involved in the Mumbai attacks, saying the gunmen were "stateless actors" seeking to hold the world hostage. "I think these are stateless actors who have...
Somali pirates have freed without a ransom a Yemeni cargo ship captured last week, a Somali official says, reports BBC.The MV Amani has left the northern Somali pirate stronghold of Eyl bound for Yemen, said Ali Abdi Aware, a minister...
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