SYDNEY, Nov 19 (AFP): Australia is at increasing risk of following other major economies into recession in 2009, a survey released by the Westpac-Melbourne Institute indicated today. The government has said Australia will experience lower growth and higher unemployment as...
SINGAPORE, Nov 19 (AFP): World oil prices held steady today at their lowest levels in about 22 months but analysts said they will drop even lower because of worries over falling energy demand. In late afternoon trade New York's main...
New Delhi, Nov 19 (PTI): In a new twist to negotiations on the much-delayed Iran-Pakistan-India pipeline, Tehran wants legal immunity in case of armed conflict disrupting natural gas supplies through the proposed line. Iran wants changes to be made in...
Orascom Telecom Holding (OTH), the holding company of Banglalink recently announced its third quarter financial results for 2008. During the third quarter, Banglalink crossed the 10 million (1 crore) subscriber mark and ended the quarter (as of September 2008) with...
BEIJING, Nov 19 (BSS/AFP) - China has revived a plan to build an oil and gas line across Myanmar in a bid to reduce its dependence on energy supplies transported through the Strait of Malacca, state media reported today. Work...
FE ReportRB Group has offered as a special discount on its Walton fridges ahead of Eid-ul Azha. Customers will avail the offer at any showroom of the company.Director of Walton Emadadul Haque Sarker disclosed the offer at a function held...
31 members of National Association of Small and Cottage Industries of Bangladesh (NASCIB) Central Executive Committee for 2009-2010 term have been declared unofficially elected, says a press release.Sheikh Abdus Sobhan was elected president uncontested. Shawkat Ali, Reza Shah Faruque, FS...
FE Report Dhaka Chamber of Commerce and Industry (DCCI) called upon the government to consider declaring Saturdays open for the month of December 2008 as there will be only 16 working days in the month owing to many government holidays...
Eastern Bank Limited (EBL) organised a daylong training session on 'Foreign exchange transactions and reporting technique' recently. Managing Director and CEO of the bank Ali Reza Iftekhar inaugurated the training session, says a press release.General Manager of Bangladesh Bank's Foreign...
Trust Bank Limited (TBL) opened its merchant-banking wing at Karwan Bazar in the city recently, says a press release. Trust Bank Managing Director Iqbal U Ahmed inaugurated the merchant-banking wing of the bank. Also present at the inaugural ceremony were...
FE Report The inter-bank call money rate was steady Wednesday despite withdrawal of cash through reverse repurchase agreement. The US dollar, on the other hand, gained against Bangladesh taka (BDT) in the inter-bank foreign exchange market due to moderate supply...
Nielsen Bangladesh has received 'Race to Greatness' award, a global recognition for significant performance in Consumer Research in 2008, said a press release. A plague was awarded to the consumer research team of Nielsen Bangladesh for their outstanding performance. Nielsen...
Our CorrespondentKHULNA, Nov 19: Production at Khulna Hard Board Mills Limited (KHBML) has been suspended for lack of furnace oil. Sources apprehend that production would remain suspended up to December 16 until the completion of overhauling work of Eastern Refinery...
Dilkusha branch of Mutual Trust Bank Ltd (MTBL) has been shifted to MNSN Tower, 60 Dilkusha from 68 Dilkusha in the city aiming at providing better services to its customers in a spacious premises. A milad and doa mahfil was...
Beximco Pharmaceuticals Limited, one of the pharmaceutical manufacturers and exporters of the country, exports medicines to the Gulf Cooperation Council (GCC) countries soon.In this connection, the company has already received an approval from the Ministry of Health of GCC countries...
FE Report Training cell of BASIC Bank Limited recently organised a six-day training course on 'Foreign Exchange and Financing in International Trade', said a press release. BASIC Bank General Manager Shaikh Ahmed spoke at the concluding session of the training...
Officers of the Southeast Bank Limited have been advised to increase awareness and efficiency in connection with credit card operation with a view to ensuring world-class technology driven credit card services.Deputy Managing Director of the bank Syed Imtiaz Hasib gave...
TOKYO, Nov 19: Asian stocks closed lower Wednesday, with Japanese stocks falling as the country's biggest bank reported a 64 per cent decline in first-half earnings, according to Internet.Japan's Nikkei 225 stock average closed down by 0.70 per cent at...
From now on the Bangladesh Post Office (BPO) will distribute inward foreign remittance received from the expatriates Bangladeshis by the NCC Bank to any destination of Bangladesh.In this connection, an agreement was signed between the two organisations in the city...
Savar Refractories recommends 7pc cash dividendThe board of directors of Savar Refractories has recommended 7.0 per cent cash dividend for the year 2007-2008. The annual general meeting (AGM) of the company will be held at Hotel Sundarban, 1/D Free School...
Somali pirates have now seized three ships off the coast of the Horn of Africa since hijaking their largest target ever, the Sirius Star carrying $100m worth of oil, report agencies.A Greek tanker, a Thai fishing boat and a Hong...
WAZIRISTAN, (Pakistan), Nov 19 (AFP): A missile fired by a suspected US drone has killed at least six people in north-western Pakistan, security officials say. The missile destroyed a house in the Bannu district, they said. The dead include two...
Surgeons in Spain have carried out the world's first tissue-engineered whole organ transplant - using a windpipe made with the patient's own stem cells, reports BBC.The groundbreaking technology also means for the first time tissue transplants can be carried out...
NASA tests "deep space Internet" WASHINGTON, Nov 19: The US space agency NASA said Tuesday that it successfuly conducted a first test of a deep space communications network modeled on the Internet. "This is the first step in creating a...
Discussants at a roundtable Wednesday underlined the need for creating people centric political leadership to ensure sustainable socio-economic development built on local resources, cutting dependence on external aid, reports BSS. Equity and Justice Working Group (EJWG) Bangladesh held the meeting...
FE Report A mammoth gathering of the Maizbhandari devotees was held on the Laldighi Maidan in Chittagong Wednesday. Hundreds of devotees started arriving at the venue from Tuesday night to join the grand religious rally. Speaking at the gathering, Peer...
Our CorrespondentCHITTAGONG, Nov 19: A section of vendors at Chittagong Court Building area are allegedly realising two to three times higher price than the prescribed price of non-judicial stamps. They are doing this illegal work capitalising on the inadequate supply...
About 50 per cent of the total workplace deaths in the country take place in the construction sector, which is having a boom-time through a rather random growth, reports UNB. This finding was disclosed Wednesday in Bangladesh Worker Safety Programme...
Government authorities warned of legal action against the film clubs organising film festivals violating existing rules, reports UNB.Bangladesh Film Censor Board said that the board expects only registered and permitted film clubs to arrange film festivals maintaining relevant existing laws."It...
Universal Children's Day will be observed worldwide today (Thursday) to reflect that children are one of the most important parts of society, reports UNB.Australian High Commi-ssion in Dhaka announced that it was funding a Community Centre cum Pre-School in Tamaltala...
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