FE Report Chairman of the International Chamber of Commerce (ICC) Victor K. Fung has welcomed the statement from the G20 Summit held on November 15 in Washington DC, for the significant initiatives agreed by the attending leaders to achieve "an...
WASHINGTON, Nov 17 (PTI): The financial meltdown will not spare any sector of the economy, but on the brighter side recovery could be just six to nine months away, Indian Finance Minister P Chidambaram has said. "There will be some...
STRASBOURG, France, Nov 17 (AFP): Africa must be consulted over any reform of the world's financial architecture, said the African Union yesterday, the after major economic powers ended their summit in Washington. "There is one problem for us, and that...
SINGAPORE, Nov 17 (AFP): Singapore, which is already in recession, could experience negative growth next year, the city-state's premier has warned. Prime Minister Lee Hsien Loong said the recession will probably last a year but beyond that there could be...
SYDNEY, Nov 17 (AFP): Australia and China have agreed to speed up work on a free trade agreement following discussions on the global financial crisis, Prime Minister Kevin Rudd has said. Rudd, who met China's President Hu Jintao in Washington...
SINGAPORE, Nov 17 (AFP): Oil prices fell in Asia today after hopes for an OPEC production cut later this month were dashed while grim economic news mounted, analysts said. New York's main futures contract, light sweet crude for delivery in...
Turkish company M/s Bensim Limited will set up a socks manufacturing industry in the Ishwardi Export Processing Zone (EPZ).The 100 per cent foreign owned company will invest US$5.70 million in the industry and will produce 8.50 million pair of socks...
KFC and Pizza Hut have successfully completed the world hunger relief campaign jointly with the United Nations World Food Programme (WFP) to provide meals to children in schools, says a press release. WFP representative in Bangladesh John Aylieff and Executive...
Our CorrespondentNILPHAMARI, Nov 17: With the advent of Aman procurement season, there are acute shortage of space in the government godowns in the district due to non-disbursement of previously procured rice and paddy.One official of the district Controller of Food...
Our CorrespondentRAJSHAHI, Nov 17: A fertiliser dealer of BCIC has been arrested with 50 bags of fertiliser while selling those in the black market at Godagari. Abu Hossain Poltu, a dealer of Chabbisnagar in Godagari was caught red handed at...
BEIJING, Nov 17 (AFP): China's demand for oil is falling sharply and inventories are surging as the global economic downturn is gradually being felt, said China National Petroleum Corp (CNPC). Production at the nation's top oil producer has been affected...
FE ReportThe global financial crisis may take its toll on the growth of country's export and remittance earnings, economists and experts observed.They made the observation at a seminar titled 'Global financial crisis, its impact and rescue programs', which was held...
FE ReportThe Shinepukur Ceramics Limited (SCL) and ACI Formulations Limited (AFL) make debut today (Tuesday) in the country's both the bourses under the direct listing regulations.The two issues will be the first private companies to be traded under direct listing...
Rupali Bank will give Tk 200 million loan to Bangladesh Rural Advancement Committee (BRAC) under the bank's 'NGO Linkage Programme', says a press release.A loan disbursement agreement in this connection was signed by Rupali Bank Manager Md Amir Hamza and...
Emirates Airline produced a net profit of Dhs 284 million (US $77 million), for the first six months of its current financial year ending September 30, 2008. This is down 88 per cent compared to Dhs 2.36 billion ($643 million)...
FE ReportThe government has released Tk 1.85 billion cash subsidy to the major exporting sectors to facilitate payment of salaries and benefits to their workers before the Eid-ul Azha festival. Following the government order, the finance ministry has released the...
Citi Foundation, a philanthropic arm of Citibank NA, for the second time launched 'Citi Financial Quiz Competition 2008' programme through a press conference in the city Monday.The competition was launched with a view to promoting financial education in Bangladesh, said...
FE Report The central bank provided overdraft (OD) facilities worth US$18 million to a state-owned commercial bank (SCB) Monday for settlement of Petrobangla's outstanding gas bills with an international oil company. "We've provided the foreign currency support against the government...
Mercantile Bank Limited has recently entered into an agreement with Bangladesh Post Office (BPO) for distribution of inward foreign remittances. BPO will provide services through its 450 designated outlets under the EFT arrangement across the country. As a result, a...
Dutch-Bangla Bank Limited (DBB) opened its 57th branch consisting online banking facilities at Shahzadpur in Sirajganj Sunday, says a press release.DBBL Managing Director Md Yeasin Ali inaugurated the branch at Nur Super Market of Monirampur Bazar under Shahzadpur. Ali also...
FE ReportMohammad Yasin Ali, the incumbent executive director of the Bangladesh Bank, has been appointed member of the Securities and Exchange Commission (SEC), according to a circular issued by the Establishment Ministry Monday.He was appointed for three years on contractual...
FE Report The inter-bank call money rate remained unchanged Sunday despite withdrawal cash from the market through treasury bills. The US dollar, however, gained against Bangladesh taka (BDT) in the inter-bank foreign exchange market due to buying pressure, fund managers...
Amam Sea Food recommends no dividendThe board of directors of Amam Sea Food has recommended no dividend for the year 2007-2008. The AGM of the company will be held on December 11, '08. Other information relating to the AGM will...
BANDIPORA, India, Nov 17 (Reuters): With armed troops patrolling shuttered streets and separatist leaders locked up, Indian Kashmiris voted in a state election Monday, casting their ballots for better roads and civic amenities.It was too early to get a firm...
DIAMOND BAR, California, Nov 17 (AP): Firefighters aided by Mother Nature continued to make gains early Monday on three raging wildfires that reduced hundreds of homes to ash and cinders and forced thousands of residents to flee in Southern California.Ferocious...
BAGHDAD, Nov 17 (AFP): Followers of anti-American Shiite cleric Moqtada al-Sadr were to make a bid Monday to kill a controversial Iraq-US military pact passed by the Iraqi cabinet by trying to block it in parliament.The Sadrist movement has vigorously...
KUWAIT CITY, Nov 17 (AFP): Former US president Bill Clinton said on Sunday that his wife Hillary will be a 'great secretary of state' if president-elect Barack Obama named her to the post. "If he (Obama) decided to ask her...
KHYBER PASS, Pakistan, Nov 17 (AP): Security forces escorted container trucks and oil tankers through the Khyber Pass Monday after Pakistan reopened the route critical to transporting supplies to NATO and US troops in Afghanistan.Pakistan suspended the vehicles from the...
PALU, Indonesia, Nov 17 (AFP): A powerful 7.5-magnitude earthquake struck off the Indonesian island of Sulawesi Monday, killing four people, toppling homes and triggering tsunami warnings that sparked widespread panic. Thousands of people fled to higher ground in the middle...
Seven dead, one survivor in plane crash off Canada's west coast VANCOUVER, Canada, Nov 17: Seven people died and one man survived a plane crash Sunday on an island off Canada's rugged west coast, a rescue center spokesman said. The...
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