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Global crisis could force Australian budget into deficit

2008-11-27 00:00:00

SYDNEY, Nov 26 (AFP): The Australian government is prepared to see a huge budget surplus run into deficit as it fights the fall-out from the global financial crisis, Prime Minister Kevin Rudd said today. The surplus of 21.7 billion dollars...

Oil slightly higher in Asia

2008-11-27 00:00:00

SINGAPORE, Nov 26 (AFP): World oil traded only slightly higher in Asia today despite pledges of billions of dollars in fresh cash by US and European officials trying to battle a global credit crunch, dealers said. New York's main futures...

India to cut petrol, diesel prices after polls

2008-11-27 00:00:00

NEW DELHI, Nov 26 (PTI): The Indian government is likely to cut petrol price by Rs 5 a litre and diesel by Rs 3 per litre after assembly elections in six states are completed on December 24. "Crude has fallen...

ACI spices becomes patron of British Curry Awards

2008-11-27 00:00:00

The British Curry Awards, considered to be 'The Oscar' in British curry industry was held at Grosvenor House Hotel in London recently, says a press release.ACI pure spices was associated this year with this prestigious award as the first and...

Pak exports grow by 44.78pc in 4 months

2008-11-27 00:00:00

ISLAMABAD, Nov 26 (APP): Exports from Pakistan during the first quarter of the current financial year witnessed increase of 44.78 per cent as against the same period of last financial year. Exports during July October 2008 totalled Rs.508,386 million against...

BTRC to allow around 1000 cyber cafes to operate legally

2008-11-27 00:00:00

Naim-Ul-KarimBangladesh Telecommunication Regulatory Commission (BTRC) will allow around a thousand cyber café operators to provide Internet services, bringing them for the first time under legal framework, to power the government's move to expand internet penetration and add more revenue income...

NBL inaugurates branch at Mudaffarganj

2008-11-27 00:00:00

National Bank Limited (NBL) inaugurated its 103rd branch at Mudaffarganj, Luksham, Comilla recently, says a press release. Director of the bank Zakaria Taher inaugurated the branch as the chief guest. He said the NBL will make remarkable contribution to the...

SCB gets $28m OD facility from BB

2008-11-27 00:00:00

FE Report The central bank Wednesday provided another overdraft (OD) facility worth US$ 28 million to a state-owned commercial bank (SCB) for settlement of its import bills. "We've provided the OD facility to the SCB against government-approved securities to help...

Mercantile Bank opens 42nd branch at Engineers' Instt

2008-11-27 00:00:00

The 42nd branch of Mercantile Bank Limited started its operation at the Engineers Institution in the city Monday, says a press release.Chairman of the bank Mosharref Hossain inaugurated the branch as chief guest. In his speech, the chairman reassured the...

IDLC wins SAFA Best Presented Accounts Award

2008-11-27 00:00:00

IDLC Finance Limited, a joint-venture multi-product financial institution, won the bronze medal in Best Presented Accounts Award 2007 presented by the South Asian Federation of Accountants (SAFA), an apex body of accountants of SAARC countries, in the category 'Non-Banking Financial...

Call rate, dollar in rising spirit

2008-11-27 00:00:00

FE Report The lower edge of the inter-bank call money rate rose slightly Wednesday with withdrawal of cash through reverse repurchase agreement. The US dollar also gained against Bangladesh taka (BDT) in the inter-bank foreign exchange market due to strong...

Bank Asia opens first booth at BDR headquarters

2008-11-27 00:00:00

Bank Asia's first booth was inaugurated at BDR headquarters at Peelkhana in the city Tuesday. President-cum-Managing Director of the bank Syed Anisul Huq and Bangladesh Rifles Director Communication Mohammad Mashiur Rahman jointly inaugurated the booth. Senior officials of the bank...

MTB shifts Pallabi brokerage house

2008-11-27 00:00:00

Mutual Trust Bank (MTB) Pallabi brokerage house has been shifted from first floor to ground floor at 14/11 Pallabi Mirpur 12, in the city with a view to offering better services to its customers. In this connection, an inaugural function...

Jamuna Bank holds workshop in Ctg

2008-11-27 00:00:00

Our CorrespondentCHITTAGONG, Nov 26: A daylong workshop on 'Anti-money laundering and terrorism financing' was held under the auspices of Jamuna Bank Ltd Chittagong region in the city Tuesday.While inaugurating the workshop as the chief guest, Jamuna Bank Chairman of Md...

Rafiqul elected chairman, Nizam vice chairman of BIA

2008-11-27 00:00:00

AKM Rafiqul Islam has been unanimously elected as chairman and Nizam Uddin Ahmed as vice chairman of Bangladesh Insurance Association (BIA) for the 2009-2010 session, says a press release.Mr Rafique is the founder managing director (MD) of Pragati Insurance Limited...

Shariful made BKB DMD

2008-11-27 00:00:00

Mr Shariful Moslemin has joined the Bangladesh Krishi Bank (BKB) as deputy managing director (DMD).Prior to his new position, he was the general manager (GM) of Janata Bank Limited, said a press release. He started his banking career with Sonali...

Corruption in business deals deters investment in Asia-Pacific region

2008-11-27 00:00:00

FE Report Corruption in business transactions decreases competition, deters investment, and increases the cost of goods and services in the Asia-Pacific region.Attendees at the 6th Regional Anti-Corruption Conference for Asia-Pacific - which kicked off Wednesday morning in Singapore - will...

BKB officials urged to sanction more agri loans

2008-11-27 00:00:00

Bangladesh Krishi Bank (BKB) Mymensingh division officials have been urged to disburse more agricultural loans with utmost sincerity and transparency with a view to attaining food sufficiency.Managing Director of the bank Mukter Hussain made the appeal while speaking as the...

Warid offers bonus for inactive users

2008-11-27 00:00:00

Warid Telecom has come up with a special offer of bonus talk-time and SMS for its Zem prepaid subscribers who remained inactive since August this year, said a press release.Under the offer, Warid prepaid subscribers who activated their connections before...

Akij Group launches CNG compressor

2008-11-27 00:00:00

Akij Gas Company Ltd launched new product 'CNG Compressor' manufactured by a Chinese company named Enric Compressor Company Ltd held at a city hotel Monday, says a press release.Vice General Manager of Enric (Bengbu) Compressor Company Ltd Liu Tong made...

Markets give cautious response to Fed plan

2008-11-27 00:00:00

TOKYO, Nov 26 (AFP): Investors in Asia reacted cautiously today to the latest plan by the US Federal Reserve to unblock credit markets, with stock markets in the region showing mixed fortunes. The gloomy outlook for the global economy weighed...

corporatewatch

2008-11-27 00:00:00

Cos change AGM dateUsmania Glass: The authorities of Usmania Glass have stated that the 22nd annual general meeting (AGM) of the company will now be held on December 20, '08 instead of December 30, '08 due to national parliamentary election....

Thai protesters tighten grip on Bangkok airport

2008-11-27 00:00:00

BANGKOK, Nov 26 (agencies): Anti-government protesters tightened their grip over Bangkok's international airport Wednesday, causing chaos in the terminal and triggering speculation of imminent intervention by the military. The head of Thailand's powerful army has asked the government to dissolve...

Pakistan 'mulls to counter attacks by US drones'

2008-11-27 00:00:00

Pakistan's PM Yousuf Raza Gilani says his government is considering "a number of options" to counter attacks by US drones inside its territory, reports BBC.His statement came after Pakistan's air force chief said his force was equipped to tackle the...

Sri Lanka rebel HQ 'to fall soon'

2008-11-27 00:00:00

The Sri Lankan army has said that the capture of the Tamil Tiger rebels' stronghold of Kilinochchi is imminent, reports BBC.Kilinochchi is the rebels' de facto capital in the north and troops have been attacking it from three directions since...

Indian navy destroys Thai fishing boat, not pirate vessel

2008-11-27 00:00:00

KUALA LUMPUR, Nov 26 (AFP): A maritime watchdog said Wednesday that the vessel sunk by the Indian navy in the Gulf of Aden was a Thai fishing trawler and not a Somali pirate vessel as was first announced.The Indian Navy...

US troops kill 10 militants in Afghanistan

2008-11-27 00:00:00

KABUL, Nov 26 (Reuters): US- led coalition forces killed 10 militants in two separate operations aimed at wanted Taliban commanders in southeastern Afghanistan, the US military said Wednesday.Violence has sharply escalated in Afghanistan this year, the bloodiest period since the...

Flood deaths in Brazil rise to 84

2008-11-27 00:00:00

Rescue efforts are being stepped up in the southern Brazilian state of Santa Catarina, where floods killed 84 people and forced 54,000 from their homes, according to Internet.The federal government and other states are sending aid, including helicopters to reach...

Gates 'to stay as Pentagon chief'

2008-11-27 00:00:00

WASHINGTON, Nov 26 (AP): US Defence Secretary Robert Gates is to stay on in charge of the Pentagon when Barack Obama takes office as president, according to US media reports.Mr Gates was nominated to the role by President George W...

news digest

2008-11-27 00:00:00

Cargo vessel sinks off Philippines, 11 missing MANILA, Nov 26: Eleven crewmen were missing Wednesday after their cargo ship sank in waters off the northern Philippines after being battered by huge waves, the coast guard said. The Mark Jason 1...