FE Today Logo

Search results for:


The VIP prisoners being provided with all the perks

2008-11-20 00:00:00

A few days ago it came to light that policemen guarding the VIP prisoners in jail were providing those august citizens with all the perks they could possibly deliver. Those prisoners, it was reported, got to meet the people they...

No consumer pressure on kitchen market

2008-11-20 00:00:00

It is hard to check tempers at kitchen markets. This is a place none can avoid going but we face tremendous mental pressure to see the prices moving up every week. Prices of everything, be it staples or vegetables --...

A testing lab for the pharmaceutical sector

2008-11-20 00:00:00

A major demand from pharmaceutical sector has been for the establishment of a government-run central testing laboratory for the export-oriented pharmaceutical industries. The laboratory can ensure quality to strengthen the reputation of the domestic pharmaceutical products abroad. Dependable quality certification...

Meltdown in US economy and subprime mortgage loan crisis

2008-11-20 00:00:00

A. K. N. AhmedA recent report in The Wall Street Journal exposes the casualness of operations of this institution. Since 2001 FDIC has been managing Superior Bank, a failed bank that it took over that year. However, even with the...

Prohibiting the bane of so-called ‘Fatwa’

2008-11-20 00:00:00

Barrister M.A. Muid KhanTHE Penal Code of 1860 provides stringent punishment against any person who causes hurt or grievous bodily pain, disease or infirmity to any person (Section - 319). Section 3 of the same Code says that the following...

US sees long road to recovery as economic gloom spreads

2008-11-20 00:00:00

WASHINGTON, Nov 19 (AFP): The US Treasury said yesterday it would take time for the world's largest economy to begin to recover despite a massive financial bailout, amid growing fears of a global recession. Ailing US automakers pleaded for emergency...

Asian leaders sensing opportunity in LatAm

2008-11-20 00:00:00

LIMA, Nov 19 (AFP): Asian leaders are sensing an opportunity to win a bigger share of Latin America's natural resources as they converge on this year's Asia-Pacific summit in Peru. Chinese President Hu Jintao made landmark visits to Costa Rica...

China to scrap $3b in fees to boost growth

2008-11-20 00:00:00

BEIJING, Nov 19 (AFP): China will cut 19 billion yuan (2.8 billion dollars) worth of administrative fees in 2009, the government said today, to help companies and boost growth amid the global financial woes. The policy, which will take effect...

Qatar confirms UN summit on financial crisis

2008-11-20 00:00:00

DOHA, Nov 19 (AFP): Qatar confirmed yesterday that it will host later this month a summit on the global financial crisis at the request of UN chief Ban Ki-moon. Qatar's Prime Minister Sheikh Hamad bin Jassem bin Jabr al-Thani made...

Australia's recession risk growing

2008-11-20 00:00:00

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...

Oil prices steady near 22-month lows

2008-11-20 00:00:00

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...

Iran seeks changes in 'under-negotiation' IPI pipeline pact

2008-11-20 00:00:00

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...

Banglalink's revenue growth continues

2008-11-20 00:00:00

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...

China to build new oil, gas pipeline across Myanmar

2008-11-20 00:00:00

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...

RB Group offers spl discount on Walton fridges

2008-11-20 00:00:00

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...

NASCIB executives elected uncontested

2008-11-20 00:00:00

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...

DCCI urges govt to keep offices open Saturdays in Dec

2008-11-20 00:00:00

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...

EBL organises training on foreign exchange

2008-11-20 00:00:00

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 opens merchant-banking wing in city

2008-11-20 00:00:00

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...

Call rate steady, dollar stronger

2008-11-20 00:00:00

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 gets global award

2008-11-20 00:00:00

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...

Production suspended at Khulna Hardboard Mills

2008-11-20 00:00:00

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...

MTB Dilkusha branch relocated

2008-11-20 00:00:00

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 Pharma to export drugs to GCC countries

2008-11-20 00:00:00

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...

BASIC Bank holds training course

2008-11-20 00:00:00

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...

Southeast Bank holds workshop on Credit Card

2008-11-20 00:00:00

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...

Asian stocks end lower

2008-11-20 00:00:00

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...

NCC Bank signs money transfer deal with BPO

2008-11-20 00:00:00

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...

corporatewatch

2008-11-20 00:00:00

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 strike again, India sinks pirate ship

2008-11-20 00:00:00

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...