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'Investors awareness helps boost stock market growth'

2008-12-28 00:00:00

Raihan M ChowdhuryThe interactive programmes taken by Dhaka Stock Exchange (DSE) and other market players to raise awareness among investors on how to invest, and in which companies, an issue neglected until some years ago, have been helping in the...

Pubali Bank opens 365th branch at Halishahor

2008-12-28 00:00:00

Pubali Bank Limited has inaugurated its 365th branch at Halishahor in Chittagong recently, says a press release. Pubali Bank Director Fahim Ahmed Faruk Chowdhury inaugurated the branch as chief guest. Managing Director Helal Ahmed Chowdhury presided over the inaugural function.In...

AKTEL opens care centre at Mirpur

2008-12-28 00:00:00

AKTEL has inaugurated a new care centre at Mirpur in the city Wednesday. AKTEL CEO and Managing Director Jefri Ahmad Tambi formally inaugurated the centre, says a press release.AKTEL customers can get all kinds of services from the newly opened...

Aristopharma to add 3 more export destinations in '09

2008-12-28 00:00:00

FE ReportLeading pharmaceuticals manufacturer Aristopharma has set for itself the target of Tk. 3.0 billion in terms of sales for the year 2009 as the local drug manufacturer aims to strengthen its position among the top 10 players of the...

10 professionals honoured with Rapport Award

2008-12-28 00:00:00

A total of 10 professionals have been honoured with the Eighth Rapport Award for Excellence in Human Resource Development-2008.In this connection, an award giving ceremony was organised in the city Thursday. Bangladesh Bank Governor Dr Salehuddin Ahmed chaired the function,...

Greenback maintains high level against BDT

2008-12-28 00:00:00

Sarwar Zahan US dollar maintained its high level against Bangladesh taka (BDT) in the inter-bank foreign exchange market last week although the transactions of the greenback appeared lower, fund managers said. Most banks were reluctant to sell out dollar, while...

Recovery seen for US stocks as trading enters new year

2008-12-28 00:00:00

NEW YORK, Dec 27 (AFP): Battered US stocks enter the New Year next week on expectations of a gradual market recovery as president-elect Barack Obama moves to drag the world's biggest economy out of recession. The US stock market has...

Fears of gas cartel rise after exporters meet

2008-12-28 00:00:00

LONDON, Dec 27 (Internet): ENERGY ministers from 12 of the world's leading exporters of natural gas met in Moscow last Tuesday to create a producers' group that consumers fear could develop into an Opec-style cartel.Vladimir Putin, the Russian prime minister...

Atlas Bangladesh AGM approves 100pc cash dividend

2008-12-28 00:00:00

The 24th annual general meeting (AGM) of Atlas Bangladesh Limited has approved 100 per cent cash dividend. The AGM was held on the factory premises at Tongi in Gazipur Saturday, said a press release. Chairman of the Bangladesh Steel and...

Premier Bank opens 28th branch in Rajshahi

2008-12-28 00:00:00

The 28th branch of Premier Bank Limited was inaugurated on the Old Natore Road at Shaheb Bazar More in Kumarpara of Rajshahi city with a view to widening banking business and services. In this connection, an inaugural function was organised...

Pakistan stocks shed another 2.6pc

2008-12-28 00:00:00

KARACHI, Dec 27 (AFP): Pakistan stocks fell for the ninth consecutive trading day Friday, tumbling another 2.60 per cent-meaning the market has lost about 30 per cent of its value since the start of last week. The KSE-100 shed 172.66...

World keeps humour in 2008 despite economic woes

2008-12-28 00:00:00

BERLIN, Fri Dec 27 (Reuters): Whether smashing plates in San Diego to relieve frustration or drinking 'Bailout Bitter' beer in Canada sold as a `bitter ale for bitter times,' people the world over kept a sense of humour in 2008...

US retail sales data deepens year-end gloom

2008-12-28 00:00:00

WASHINGTON, Dec 27 (AFP): Christmas retail sales plunged in the United States (US), a poll showed yesterday, as Japan reported record cuts in production and more signs emerged that Spain has entered a recession. A leading think tank in London...

Japan output logs record fall

2008-12-28 00:00:00

TOKYO, Fri Dec 27 (Reuters): Japan's industrial output dived at a record pace and core consumer inflation fell faster than forecast in November, putting the shrinking economy on course for a spell of deflation next year.The grim outlook could push...

Reliance Petro makes biggest fuel complex

2008-12-28 00:00:00

MUMBAI, Thu Dec 27 ( Reuters): Reliance Industries Limited Thursday began processing crude oil at a new refinery in western India, almost doubling company output and creating the world's biggest refining complex just as global oil demand retreats.After reaching full...

Australian retailers expect bumper sales despite crisis

2008-12-28 00:00:00

SYDNEY, Dec 27 (AFP): Thousands of Australian shoppers rushed to department stores today to pick up post-Christmas bargains, leaving retailers predicting bumper sales despite the economic crisis. Crowds gathered outside major shops in Sydney, Melbourne and other major cities hours...

South Korean economy may contract in first half of 2009

2008-12-28 00:00:00

SEOUL, Dec 27 (AFP): President Lee Myung-Bak said Saturday South Korea's economy could shrink in the first half of next year for the first time since the 1997 Asian financial crisis. "For the whole of 2009, we might achieve positive...

Kohinoor Chemical approves 30pc dividend

2008-12-28 00:00:00

FE ReportThe 21th Annual General Meeting (AGM) of the Kohinoor Chemical Company (BD) Ltd was held in the city Thursday, says a press release. Director of the company Md Ebadul Karim presided over the meeting. Managing Director of the company...

Oil prices post first rise in week

2008-12-28 00:00:00

NEW YORK, Dec 27 (AFP): World oil prices rose yesterday for the first time this week amid reports the United Arab Emirates will cut production in line with an OPEC output cutback decision. In thin post-Christmas trading, New York's main...

Nat'l Tubes approves 25pc cash dividend, 50pc bonus shares

2008-12-28 00:00:00

National Tubes Ltd, a gas and oil line (API) pipe and GI MS pipe producing company in the country, declared 25 per cent cash dividend and 50 per cent bonus share on paid up capital for the year 2007-2008 at...

Auto industry gloom crushing Japan's poor recyclers

2008-12-28 00:00:00

TOKYO, Dec 27 (Reuters): Thousands of miles away from Detroit, homeless people in Japan are feeling the pinch from the US. "Big Three" automakers' financial woes, as they now receive less cash for the aluminum cans they collect to eke...

Anlima Yarn approves 5.0pc dividend

2008-12-28 00:00:00

FE Report Anlima Yarn Dyeing Limited approved 5.0 per cent dividend (excluding sponsor directors) for its shareholders for the year 2007-08. The approval came at the 13th annual general meeting (AGM) of the company at its factory premises at Karnapara,...

China to offer incentives to scrap old cars

2008-12-28 00:00:00

BEIJING, Dec 27 (AFP): China plans to offer incentives for car owners to scrap their old models in favour of new ones, in a bid to lift the auto industry as it enters a period of crisis, state media said...

Hyundai Motor India to cut production from tomorrow

2008-12-28 00:00:00

MUMBAI, Fri Dec 27 (Reuters): South Korean car maker Hyundai Motor Co's India unit will cut production by a quarter from tomorrow (Monday) as a spreading global downturn bites its sales, a senior executive said Friday.Hyundai, the No.2 car maker...

Japan's Nissin to bring instant noodles to Russia

2008-12-28 00:00:00

TOKYO, Dec 27 (AFP): Japan's Nissin Foods, the inventor of instant noodles, said today it would spend nearly 300 million dollars on entering Russia, where it eyes a growing market for its fast food meals. Nissin Foods Holdings Co., known...

S Korean Constitutional Court endorses US beef imports

2008-12-28 00:00:00

SEOUL, Dec 27 (AFP): South Korea's Constitutional Court today turned down a petition against US beef imports, citing the lack of evidence for increased risks of mad cow disease. Some 96,000 people signed a petition filed in June by a...

Artists fight for poverty-free Bangladesh

2008-12-28 00:00:00

Our Correspondent FARIDPUR, Dec 27: Wood sculptors Bahar and Shojol are engaged in the creative art not for the earning a living but for their passion for fine arts. Through their works, they want to convey the message of the...

Gazprom warns Europe on gas deliveries

2008-12-28 00:00:00

MOSCOW, Dec 27 (AFP): Russian energy giant Gazprom warned European clients yesterday that its gas conflict with Ukraine, conduit for European-bound gas from Russia, could affect deliveries to Europe. The warning came in a letter from Gazprom chief Alexei Miller...

Nepal declares power 'crisis'

2008-12-28 00:00:00

KATHMANDU, Dec 27 (AFP): Nepal's Maoist-run government has declared a "national power crisis" and warned that blackouts in the impoverished country will increase to at least 16 hours per day, officials said today. Nepal is struggling to recover from a...

NY gold futures rise sharply after Christmas

2008-12-28 00:00:00

CHICAGO, Dec. 27 (Xinhua): Gold market in New York yesterday saw a brisk move to the upside in a post-holiday trade. Gold futures for February delivery gained 23.20 US dollars, or 2.7 per cent, to 871.20 dollars an ounce on...