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Oil prices lower in Asian trade

2009-03-04 00:00:00

SINGAPORE, March 3 (AFP): Oil prices slid in Asian trade today as fresh turmoil rocked the global financial sector, analysts said.New York's main futures contract, light sweet crude for April delivery, fell 35 cents to 39.80 dollars a barrel.Brent North...

Toyota financial unit asks to borrow public money

2009-03-04 00:00:00

TOKYO, March 3 (AFP): Toyota Motor Corp.'s financial unit said today that it had asked for an emergency loan from a state-backed lender to ride out the financial crisis, with reports putting the sum at two billion dollars.Toyota Financial Services,...

Breakfast Training at US trade show held

2009-03-04 00:00:00

The 18th US Trade Show was held from February 26 for three days at Dhaka Sheraton Hotel.American Chamber of Commerce in Bangladesh and the American Embassy jointly organised the event."The Breakfast Training has now become a very popular event of...

Jute traders seek waiving taxes on export

2009-03-04 00:00:00

Bangladesh Jute Association (BJA) urged the government to waive all taxes on export of raw jute, reports UNB.The demand was made at a pre-budget meeting with the National Board of Revenue (NBR) Monday with jute, textile and spinning mill sectors...

StanChart pre-tax operating profit rises 13pc in 2008

2009-03-04 00:00:00

Standard Chartered PLC Tuesday announced another exceptional performance for 2008 with income rising 26 per cent to US$13.97 billion and operating profit before tax (OPBT) 13 per cent to $4.57 billion, in what was a difficult operating environment particularly in...

Pak tour still on despite attack on Lankan cricketers: BCB

2009-03-04 00:00:00

The Bangladesh Cricket Board (BCB) Tuesday rejected any possible cancellation of Pakistan's tour of Bangladesh to play a one-day international series this month following the heinous attack on the Sri Lankan cricketers in Lahore, bdnews24.com reports.At least 12 unidentified gunmen...

BKB holds review meeting of city branch managers

2009-03-04 00:00:00

The 12th performance review meeting of the corporate and city branch managers of the Bangladesh Krishi Bank (BKB) was held in the city Sunday, says a press release.Deputy Managing Directors of the bank, all the general managers and deputy general...

Int'l poultry show begins in city tomorrow

FE Report | 2009-03-04 00:00:00

A three-day poultry show begins in the city tomorrow (Thursday) to create opportunity for the stakeholders to exchange ideas about the most recent technologies developed in the field.Bangladesh Branch of the World's Poultry Science Association (WPSA-BB) will organise the '6th...

Russia's middle class feels pinch as boom times end

2009-03-04 00:00:00

MOSCOW, March 3 (AFP): Russia's economic boom could not have ended at a worse time for Vyacheslav Aksyonov, whose wife is about to give birth as the couple is struggling to pay off a mortgage they took out last summer.Their...

Govt contemplating actions to resume coal extraction

FHM Humayan Kabir | 2009-03-04 00:00:00

The government would negotiate with the affected villagers as well as the Chinese contractor of Barapukuria mine to resume coal production shortly, officials said Tuesday.At a meeting Tuesday in the secretariat, the energy division has decided to resolve the emerging...

Remittance flow 'still at satisfactory level'

FE Report | 2009-03-04 00:00:00

Bangladesh expatriates sent home a record US$6.148 billion in the first eight months of the current fiscal, marking a 27.01 per cent growth over the same period of the last fiscal, officials said.The remittances from Bangladeshi nationals working abroad were...

Fire safety

2009-03-04 00:00:00

Although fire breaks out quite frequently, the capital city does not have adequate fire fighting capacity. The incidence of fire ought to act as wake-up call for our complacent authorities. The city needs to check unplanned growth and put in...

IBBL holds board of directors' meet

FE Report | 2009-03-03 00:00:00

A meeting of the board of directors of Islami Bank Bangladesh Limited (IBBL) was held at its head office in the city recently, said a press release.IBBL Board of Directors Chairman Abu Nasser Muhammad Abduz Zaher presided over the meeting.Also...

corporatewatch

2009-03-03 00:00:00

EBL recommends 20pc stock dividendThe board of directors of Eastern Bank Limited (EBL) has recommended 20 per cent stock dividend for the year that ended on December 31, '08. The annual general meeting (AGM) of the bank will be held...

Biman becomes premium partner of tourism fair

FE Report | 2009-03-03 00:00:00

Biman Bangladesh Airlines has become one of the premium partners and official carrier of 'Dhaka Travel Mart (DTM)-2009'.The Bangladesh Monitor will organise and sponsor this tourism fair 'Dhaka Travel Mart-2009' from March 12 to 14, 2009 at Dhaka Sheraton Hotel,...

No to protectionism, pledge coordination on bailout: EU

2009-03-03 00:00:00

BRUSSELS, Mar. 2 (Xinhua): The European Union summit yesterday sought to dispel weeks of gloomy reports that the EU was sliding rudderless towards protectionism and division in the face of the mounting economic crisis.The 27 European Union leaders issued a...

Cabinet condoles death of slain army officers

2009-03-03 00:00:00

The regular cabinet meeting Monday afternoon endorsed a condolence proposal for army officers massacred in the Bangladesh Rifles (BDR) headquarters and approved six proposals, including the Real Estate Development and Management Act-2009 with some recommendations to make it a bill,...

ADB cuts growth forecast for Bangladesh economy

FE Report | 2009-03-03 00:00:00

The Asian Development Bank (ADB) has revised downward its growth forecast for Bangladesh economy, ranging between 5.5 per cent and 6.0 per cent, for the fiscal (FY) 2008-09 against the backdrop of the ongoing global financial crisis.'Before the onset of...

Oli demands trial of BDR mutineers in military court

2009-03-03 00:00:00

President of Liberal Democratic Party (LDP) Col (retd) Oli Ahmed Monday demanded trial of the Feb 25-26 killers in military court for their mindless killings at the BDR Headquarters, reports UNB."Bangladesh Rifles (BDR) is a disciplined force and it has...

Pilkhana victims laid to rest after namaj-e-janaza

2009-03-03 00:00:00

Fifty of the victims of the February 25-26 tragedy at the BDR headquarters, including chief of the border force Maj General Shakil Ahmed and his wife Nazneen, were buried with state honour Monday noon amid a sombre farewell, reports UNB.Of...

Judicial inquiry begins in a day or two to probe allegations

2009-03-03 00:00:00

Seven judicial inquiry commissions formed to probe the allegations that led to the postponement of elections in seven upazilas on January 22 are going to start their work in a day or two, reports UNB."The inquiry committees have been asked...

CBC holds annual staff confce

2009-03-03 00:00:00

Commercial Bank of Ceylon (CBC) held Annual Staff Conference 2008 at a city hotel recently, says a press release.CBC's DGM of Corporate Banking Gamini Dharmasiri and Head of Corporate Banking CM Abeysekara, both from Sri Lanka, were chief guest and...

Army rolls out to nab fugitive BDR rebels

2009-03-03 00:00:00

The government has ordered the armed forces to assist the civil administration until all fugitive BDR personnel are rounded up, the home minister said Monday, reports bdnews24.com.The police and the Rapid Action Battalion (RAB) have been taking all measures to...

Fish fries indiscriminately destroyed in the Bay

Our Correspondent | 2009-03-03 00:00:00

CHITTAGONG, Mar 02: Fish fries are being indiscriminately destroyed in the sea beach areas of south Chittagong including Cox's Bazar through using mosquito nets and current nets.It has been destroying the fisheries resources of the Bay of Bengal while the...

ICC mulls UAE, Johannesburg as Trophy venues

2009-03-03 00:00:00

LAHORE, Mar 2 (Reuters): Johannesburg, Dubai and Abu Dhabi are being considered as possible venues to host the Champions Trophy this year, a senior International Cricket Council (ICC) official said Monday.The ICC executive board last month shifted the premier one-day...

Responsibility of the media

2009-03-03 00:00:00

One would wish that with all the trappings and contraptions that our media today have they would learn to be responsible. A halfwit even tried to claim that the media had stopped a possible coup! The fact of the matter...

BRTA to seek proposals from bidders on VAT collection

Mahmuda Shaolin | 2009-03-03 00:00:00

Bangladesh Road Transport Authority (BRTA) will issue Requests for Proposal (RFP) this week to the seven bidders to appoint one of them as a service provider to collect Motor Vehicle Tax (MVT) online from July this year.After getting the RFP,...

BKB Gopalganj branches disburses Tk 213m

Our Correspondent | 2009-03-03 00:00:00

GOPALGANJ, Mar 2: Bangladesh Krishi Bank (BKB) branches in Gopalganj district disbursed Tk 21,29,66,000 among 5,698 farmers during seven months of this financial year.According to official sources, BKB disbursed Tk 5,73,43,000 among 1128 farmers in Gopalganj Sadar Upazila, Tk 1,82,81,000...

SE Asian leaders unified on protectionism: official

2009-03-03 00:00:00

BANGKOK, March 2 (AFP): Southeast Asian leaders have taken a firm stand against protectionism despite divisions in the region on how to tackle the global financial meltdown, a top official said today.Leaders of the Association of Southeast Asian Nations (ASEAN),...

BKSP, Partex earn wins

2009-03-03 00:00:00

BKSP and Partex SC won their respective 6th round matches of the Metropolis Premier Division Cricket League that resumed Monday after a three-day recess for national mourning following the carnage at the BDR headquarters in Pilkhana, reports UNB.BKSP earned their...