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Emirates, Montblanc launch million-dollar necklace offer in aid of UNICEF

2007-10-19 00:00:00

FE ReportEmirates Airline in collaboration with Montblanc launched a million-dollar necklace offer to its clients on board the opportunity to purchase a unique diamond jewellery set worth $1.0 million for a good cause.The offer is valid until March 31, 2008....

Bata launches new brand shoe in market

2007-10-19 00:00:00

FE Report Bata Shoe Company (Bangladesh) Limited recently launched a range of leading European fashion brand 'ReDiamond' - men's shoe in the market. These shoes are made with exclusive genuine leather uppers with a very trendy and stylish look, long...

Apollo Hospitals Dhaka appoints new CEO

2007-10-19 00:00:00

FE ReportApollo Hospitals Dhaka (AHD) appointed Edwin Lee Hansen as chief executive officer (CEO) of the hospital recently. Hansen, US national, has a long 33 years' experience in management sector.He completed his PhD in Management (Organisational Development) from California Coast...

European oil stocks, BG decline

2007-10-19 00:00:00

LONDON, Oct 18 (Bloomberg): European energy stocks fell after analysts forecast ``weak'' results for oil producers and downgraded shares of BG Group Plc of the U.K. Royal Dutch Shell Plc and Total SA retreated. SAP AG, the world's largest maker...

Nokia profit jumps 85pc

2007-10-19 00:00:00

TOKYO, Oct 18 (Bloomberg): Nokia Oyj, the world's biggest maker of mobile phones, said third-quarter profit surged 85 per cent, beating analysts' estimates, as new models helped capture market share from Motorola Inc. Net income increased to 1.56 billion euros...

corporate watch

2007-10-19 00:00:00

Company's net profitAIMS First Mutual Fund: AIMS First Guaranteed Mutual Fund earned a net profit of Tk 51.05 million for the year that ended on June 30, 2007. The earning per share (EPS) of the company stood at Tk 0.36.Grameen...

Huge CP fund lying unutilised for long

2007-10-19 00:00:00

Our CorrespondentCHITTAGONG, Oct 18: A big amount of money worth around Tk. 23 billion earned at Chittagong port (CP) has been lying idle at the principal port of the country since long.Port users and concerned circles of the country have...

EBL becomes premium partner of airline award

2007-10-19 00:00:00

EBL becomes premium partner of airline award

2007-10-19 00:00:00

FE ReportEastern Bank Limited (EBL), one of the fastest growing banks of the country, has become premium partner of 'Monitor-AKTEL Airline of the year 2007.In this connection, a memorandum of understanding (MoU) was signed between the Bangladesh Monitor and the...

Privatised mill closed as employees raise demands

2007-10-19 00:00:00

Our CorrespondentBRAHMANBARIA, October 18: Privatised Kokil Textile Mills (KTM), one of the largest industries in the district, was closed on October16 last for an indefinite period.Kokil Textile Mills resumed production on May 26, 2007 after eight and a half years....

Middlemen, stockists gain from potato price hike

2007-10-19 00:00:00

Our CorrespondentNILPHAMARI, Oct 18: Price of potato has reached record high in Nilphamari district. Potato is being sold at Tk 22-23 per kg in the markets. As a result middlemen and stockists who kept potato in the cold storages have...

Training on dev of silk industry begins in Comilla

2007-10-19 00:00:00

COMILLA, Oct 18 (BSS): A training programme on development of silk industry and cultivation of mulberry trees for silkworm began in the district Monday.The district Silk Extension Department of Textiles and Jute Ministry organised the training programme to expand mulberry...

Jewellery business sans valid licence rampant in B'baria

2007-10-19 00:00:00

Our CorrespondentBRAHMANBARIA, Oct 18: Jewellery shop owners in the district have been carrying on their business without valid licence for a long time, sources said.According to market sources, there are about 17000 jewellers in the district and most of them...

BIA workshop begins in city Oct 23

2007-10-19 00:00:00

FE ReportDepartment of Insurance and Bangladesh Insurance Academy (BIA) will jointly organise a two-day workshop on 'life insurance management: problems and issues' on October 23 and 24 on the premises of Jiban Bima Corporation in the city, said a press...

Reaching the export target

2007-10-19 00:00:00

The government has fixed the export target for the current fiscal year at US$ 14.5 billion marking a rise over the target that was set for last year by 19.07 per cent. But the target for this year may appear...

Worrying about Taka's falling value

2007-10-19 00:00:00

Jainanb AkhterWHY are currency values so important to us? It is important for the simple reason or in most cases from the concern of millions and millions of people who are not wheeler-dealers and know no way of doubling, trebling...

Human capital characteristics

2007-10-19 00:00:00

M Azizur RahmanWHAT do we want in life? How do we achieve the goal and objective in life? We would like to simply be happy in life. We are selfish by birth. We want to have more of every thing...

Abnormal hike in prices of liquid and powdered milk

2007-10-19 00:00:00

Ziaur RahmanFOLLIES abound in Bangladesh and none can tell where the next round of absurdity will hit the ground in Bangladesh. During this festival -- Eid and Puja -- season, the center stage has been stolen by grandiose escalation of...

Where there is will, there is a way

2007-10-19 00:00:00

There are just too many defeatists and escapists in Bangladesh society today. They are very good at shifting blame on this or that to make a case for their misdeeds like wasting foreign scholarships, contributing to the brain drain and...

Hardening the penalties for food adulteration

2007-10-19 00:00:00

ACTIONS against food adulteration and sub-standard foods have turned out to be on and off actions, here and there -- and now and then. Enough fears are not there in the minds of the offenders that they are at risk...

Pentagon plans for a new 100-year war

2007-10-19 00:00:00

Nick Turse Duane Schattle doesn't mince words. "The cities are the problem," he says. A retired Marine infantry lieutenant colonel who worked on urban warfare issues at the Pentagon in the late 1990s, he now serves as director of the...

Burma sees upsurge in opium production

2007-10-19 00:00:00

Harvey Morris THIS year has seen an "alarming upsurge" in opium production in Burma, once the apex of the notorious south-east-Asian Golden Triangle that supplied most of the illicit heroin on the streets of western cities, United Nations officials said...

Corruption poses 'lethal threat' to China

2007-10-19 00:00:00

Richard McGregorCorruption costs China as much as 3.0 per cent of its economic output, or $86bn in 2003, and poses a "lethal threat" to the country's economic development, according to a report by the Carnegie Endowment for International Peace.The report...

G7 eyes market turmoil, exchange rate frictions

2007-10-19 00:00:00

WASHINGTON, Oct 18 (AFP): The turmoil in financial markets of the past few months and heightened exchange rate tensions will be prominent on the agenda as Group of Seven (G7) financial leaders meet Friday in Washington. US Treasury Under Secretary...

Delhi worried over resource transfer from poor to rich nations

2007-10-19 00:00:00

UNITED NATIONS, Oct 18 (PTI): Concerned over the growing transfer of resources from the poor to rich countries, India has said creation of an economic and financial environment conducive to development is the need of the hour. Addressing a UN...

'Shortage of labour could thwart India's rapid economic expansion'

2007-10-19 00:00:00

WASHINGTON, Oct 18 (AFP): A shortage of quality skilled labour could thwart India's rapid economic expansion, its central bank chief Y V Reddy warned yesterday, calling for urgent education reforms to solve the problem. "The sustained acceleration in the services...

India, Brazil, S Africa vow joint fight for world's poor

2007-10-19 00:00:00

PRETORIA, Oct 18 (AFP): The leaders of emerging powerhouses India, South Africa and Brazil pledged to work together yesterday to ensure a better deal for developing nations as they seek a common voice on the world stage. South African President...

'Moscow must show willingness to join WTO'

2007-10-19 00:00:00

BRUSSELS, Oct 18 (AFP): Russia must show a real political willingness if it is to secure membership of the World Trade Organisation (WTO), European Union Trade Commissioner Peter Mandelson said yesterday. "We have arrived at a point where only political...

German think-tanks raise ’07 economic growth forecast

2007-10-19 00:00:00

FRANKFURT, Oct 18 (AFP): Four German economic think-tanks have raised their growth forecast for this year to 2.6 per cent but the government said yesterday there were now greater risks to progress due to the strong euro. The think-tanks' estimate...

Eurozone posts Q2 current account deficit

2007-10-19 00:00:00

FRANKFURT, Oct 18 (AFP): The Eurozone current account showed a deficit of 1.4 billion euros (2.0 billion dollars) in the second quarter, as trade with countries like China and Japan outweighed surpluses with Britain and other EU members, the European...