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Property investors look East for hope amid economic crisis

2008-11-24 00:00:00

HONG KONG, Nov 23 (AFP): There could have been no worse time to hold an expo on the Asian property market this year than November. As the impact of the global financial crisis on the region unravels-in the form a...

Japan ready to take more stimulus measures

2008-11-24 00:00:00

TOKYO, Nov 23 (AFP): Japan is ready to take more stimulus measures if the deteriorating US economy continues to impact here, the finance minister said today. Speaking on a programme on the public broadcaster NHK, Finance Minister Shoichi Nakagawa cited...

Palm oil price crash spells misery for farmers

2008-11-24 00:00:00

KUALA LUMPUR, Nov 23 (AFP): The global economic slowdown has sent palm oil prices crashing, spelling misery for countless smallholders who have been forced to watch their harvests rot on the trees. Hundreds of thousands of farmers in Indonesia and...

Russia eyes Cuba investments in oil, nickel ahead of Medvedev trip

2008-11-24 00:00:00

HAVANA, Nov 23 (AFP): Russia announced yesterday it is negotiating major investments in Cuba's oil and nickel industries, just days ahead of an official visit by Russian President Dmitry Medvedev. Russian ambassador Mikhail Kamynin told the weekly Opciones there were...

Greener cars the price for automaker aid

2008-11-24 00:00:00

PARIS, Nov 23 (AFP): As giant auto makers beg governments to bail them out of the economic crisis that has brought them to their knees, some authorities have named a price -- make greener cars to drive. The EU has...

BKB holds branch managers confce at Gopalganj

2008-11-24 00:00:00

Our Correspondent GOPALGANJ, Nov 23: A conference of branch managers and field workers of Bangladesh Krishi Bank (BKB) was held in the district recently.BKB Regional Manager (Gopalganj) Dulal Chandra Sarker presided over the conference, organised by its regional office.Also present...

Free seed distributed among farmers at Joypurhat

2008-11-24 00:00:00

Our Correspondent JOYPURHAT, Nov 23: A free seed distribution programme of World Vision was held at ADB office in the district recently. Deputy director of seed distribution division (Bogra) Nur Mohammad Mondol was present as the chief guest while local...

Holcim holds masons’ meet in Khulna

2008-11-24 00:00:00

Holcim (Bangladesh) Ltd, the leading cement manufacturer of the country, organised a mason meet in Khulna recently. Holcim providing cement to the district since from the very beginning and the people of Khulna district are using Holcim cement.The company always...

Trading of 2 insurance cos begins tomorrow

2008-11-24 00:00:00

FE ReportThe two insurance companies-- Northern General Insurance Company Limited and Standard Insurance Limited -- will make debut tomorrow (Tuesday) at both the bourses of the country.The board of directors of the Dhaka Stock Exchange (DSE) in its meeting held...

Foreign ship idle at Mongla Port for two months

2008-11-24 00:00:00

Our CorrespondentKHULNA, Nov 23: A foreign flag vessel has been lying idle at Mongla Port for the last two months following a dispute over its cargo. Sources said, Bangladesh Chemical Industries Corporation (BCIC) imported 5,400 metric tons fertilisers from Vietnam...

Call money rate steady, dollar stable

2008-11-24 00:00:00

FE Report The inter-bank call money rate remained steady Sunday despite withdrawal of cash through treasury bills. The US dollar was also stable against Bangladesh taka (BDT) in the inter-bank foreign exchange market due to moderate demand for the greenback,...

DCCI workshop on trade with EU begins in city

2008-11-24 00:00:00

A three-day training workshop for entrepreneurs and consultants of DCCI SEQUA Project under Asia-Investment II Programme of the EU, organised jointly by Dhaka Chamber of Commerce and Industry (DCCI) and SEQUA, GmbH, Germany, began in the city Saturday. The main...

NCC bank opens 56th branch at Raipur

2008-11-24 00:00:00

National Credit and Commerce Bank Limited (NCC) opened its 56th branch with online facility at Raipur, Lakshmipur recently, says a press release. Chairman of the bank Tofazzal Hossain inaugurated the branch as the chief guest. Managing Director of the bank...

Govt borrows Tk 4.0b thru' treasury bills

2008-11-24 00:00:00

FE ReportThe government borrowed Tk 4.00 billion (400 crore) Sunday through auctions of treasury bills. It will result in withdrawal of Tk 4.00 billion from the market in the week.The central bank conducted auctions of 91-day and 182-day bills on...

Chambers’ presidents accord reception to Moeen tomorrow

2008-11-24 00:00:00

FE Report The Council of Chamber Presidents (CCP), an organisation consisting of all district chambers, will oraganise a meeting tomorrow (Tuesday) at Bangladesh-China Friendship Conference Centre in the city. Army Chief General Moeen U Ahmed will join the meeting as...

EBL holds training on 'anti-money laundering' in Ctg

2008-11-24 00:00:00

FE ReportEastern Bank Limited (EBL) organised a day-long training course on Anti-Money Laundering for its employees in Chittagong recently, said a press release.Bangladesh Bank General Manager (Chittagong Office) Sk Sur Chowdhury conducted the training session. EBL Deputy Managing Director Muklesur...

Emirates inaugurates floating hospital for poor

2008-11-24 00:00:00

The Emirates Friendship Hospital Ship, a charity venture run by registered NGO Friendship and sponsored by the Emirates Airline Foundation, was inaugurated in the city Saturday with members of Emirates' senior management and government officials attending the opening ceremony, says...

corporatewatch

2008-11-24 00:00:00

DividendsHakkani Pulp: The board of directors of Hakkani Pulp & Paper has recommended 8.0 per cent cash dividend for the year 2007-2008. The annual general meeting (AGM) of the company will be held at the Eden Garden Community Centre, Near...

Gulf shares lower after Saudi slump

2008-11-24 00:00:00

KUWAIT CITY, Nov 24 (AFP): Stock markets in the energy-rich Gulf region opened the week lower Sunday a day after the Saudi bourse-the region's largest-slumped more than 9.0 per cent, denting sentiment.All seven markets dropped with Dubai and Doha shares...

Food, Cultural Festival opens at Radisson Water Garden Hotel

2008-11-24 00:00:00

FE ReportThe week-long '2nd Bangladesh Food and Cultural Festival' organised by the Radisson Water Garden Hotel Dhaka is kicking off in the city from today (Monday)Aimed at showcasing and promoting the country's culinary and cultural richness to the foreign expatriates...

ATM booth at Prime Bank Bashundhara Branch

2008-11-24 00:00:00

Prime Bank Limited opened an ATM booth at its Bashundhara branch in the city recently, says a press release.Prime Bank Additional Managing Director Nasiruddin Ahmed inaugurated the new booth. Also present on the occasion were Prime Bank Senior Executive Vice-president...

Indian company to increase investment in Malaysia

2008-11-24 00:00:00

HANOI, Nov 24: The Indian business software company, Focus Software Limited, is to invest RM30 million (over US$8.0 million) over the next three years to strengthen its operations in Malaysia and for forays into other Asean countries, as well as...

Abahani-MSC face-off in opener

2008-11-24 00:00:00

After a 13-day break, the Citycell 2nd B League resumes today (Monday) at 4:30 pm with a high voltage match between holders Dhaka Abahani Limited and Dhaka Mohammedan SC at the Bangabandhu National Stadium (BNS) in the city, reports UNB.Private...

Aussies advance in style

2008-11-24 00:00:00

Mitchell Johnson took five wickets as Australia wrapped up a comfortable 149-run victory over New Zealand in the first Test at the Gabba. Johnson made light work of the Black Caps batting order after Simon Katich had scored an unbeaten...

BOA committee formed

2008-11-24 00:00:00

Bangladesh Olympic Association (BOA) Sunday formed a 23-member working committee with BOA secretary general Kutubuddin Ahmed as the convener ahead of the 11th South Asian Games to be held in Dhaka in December 2009, reports UNB.The committee was formed at...

Bangladesh humiliated

2008-11-24 00:00:00

Both the Bangladesh men's and women's teams conceded defeat in their 9th round matches of the 38th Chess Olympiad in Dresden, Germany Saturday, reports UNB.Bangladesh men's team conceded 1-3 points defeat against Scotland with Grand Master Abdullah Al Rakib winning...

Hatton stops Malignaggi

2008-11-24 00:00:00

Ricky Hatton coasted to a one-sided win over Paulie Malignaggi at the MGM Grand in Las Vegas, with his opponent's corner stopping the fight in round 11, BBC reports. Malignaggi had occasional success with his jab but fought virtually one-handed...

Two more bronze medals on day II

2008-11-24 00:00:00

Bangladesh earned two more bronze medals on the 2nd day of the 4th South Asian Shooting Championship in Islamabad Sunday, reports UNB.Bangladesh won the bronze medals in the team events of men's 50-metre prone and men's 10 mete air pistol.In...

BHF President XI's 3rd consecutive win

2008-11-24 00:00:00

BHF President XI completed their engagements in the Jindal Steel 45th Nehru Cup Hockey tournament without any point losing to ONGC XI by a solitary goal in the third and last group match at the Gurgaon Nehru Stadium in Haryana...

Dhaka Club to organise sports carnival

2008-11-24 00:00:00

FE ReportDhaka Club along with Kurmitola Golf Club, Cadet College Club, Gulshan Club, Uttara Club as co-hosts, is going to organise the Dhaka Sports Carnival-2008 for the 4th time in the city from November 28th to 30th. This year the...