WASHINGTON, Dec 21 (AFP): President-elect Barack Obama and Democrats in Congress hope to have an economic stimulus package as big as 850 billion dollars ready when the White House changes hands January 20, putting the economy at the top of...
MANILA, Dec 21 (AFP): For years South Koreans have flooded into the Philippines, finding it one of the cheapest places in Southeast Asia for recreation, study and investment. From Baguio City in the north of this sprawling archipelago to Davao...
LONDON, Dec 21 (Reuters): International Monetary Fund (IMF) chief Dominique Strauss-Kahn said a lack of fiscal stimulus by governments to tackle the global slowdown may make a bad 2009 even worse, according to an interview released Sunday.Strauss-Kahn told BBC radio...
LONDON, Dec 21 (PTI): India has underlined the need for putting in place appropriate regulatory mechanism to restraint unhealthy "speculative practices" and bring about transparency in crude oil market. "We should collectively put in place appropriate regulatory mechanism to ensure...
FE ReportCanadian High Commissioner in Bangladesh Robert McDougall has offered allout assistance and cooperation to members of Canada-Bangladesh Chamber of Commerce and Industry (CBCCI) for promoting relations between the two countries.The Canadian envoy said this at a dinner arranged in...
OTTAWA, Dec. 21 (Xinhua): Canadian Prime Minister Stephen Harper and Ontario Premier Dalton McGuinty announced a 4- billion-Canadian-dollar (about 3.2 billion U.S. dollars) aid package for the country's struggling auto industry yesterday. The two leaders made the announcement in a...
Our CorrespondentNILPHAMARI, Dec 21: Cultivation of exportable aromatic fine rice is being neglected in Nilphamari district as its high yield variety (HYV) seed is not available and Department of Agriculture Extention (DAE) has not taken adequate steps to popularise it.Farmers...
RIYADH, Dec 21: Arab stock markets gained nearly US$25 billion (Dh92 billion) in the first 20 days of December to reverse a rapid fall for the first time since June, according to official figures, according to Internet.The markets of Saudi...
FE ReportThe 7th meeting of the board of directors of Bangladesh Telecommunications Company Limited (BTCL) will be held today (Monday) to decide about several important issues including turning the company into a more efficient organisation.The meeting will take place at...
FE ReportBank Asia Limited opened its 33rd branch at Bahadderhat in Chittagong Sunday, said a press release. Director of the bank Shafiq Uddin formally inaugurated the new branch. Also present at the inaugural ceremony were Bank Asia President and Managing...
Our CorrespondentCHITTAGONG, Dec 21: Centering the arrival of the imported consignment of sands, chalk powder instead of the declared soda ash from Tehran, concerned quarters including the importer and the banks are now quite in a fix.Importer QMM Trading Corporation...
FE Report Prime Bank Limited opened its 68th branch at Baralekha in Moulvibazar recently, said a press release. Prime Bank Managing Director M Ehsanul Haque inaugurated the branch as the chief guest.Additional Managing Director of the bank Nasiruddin Ahmed was...
FE ReportBRAC Bank Limited opened its 50th branch at Bashundhara residential area in the capital Sunday.Fazle Hasan Abed, chairperson of BRAC, inaugurated the branch as the chief guest.Muhammad A (Rumee) Ali, chairman of the bank, AEA Muhaimen, managing director and...
FE ReportShahjalal Islami Bank Ltd (SJIBL) has begun 'offshore banking' in the Dhaka Export Processing Zone (DEPZ).The Offshore Banking Unit (OBU) of the bank was inaugurated at the DEPZ Sunday. SJIBL board of directors chairman Akkas Uddin Mollah inaugurated the...
FE Report The inter-bank call money rate eased Sunday despite withdrawal of cash through treasury bills. The US dollar gained ground against Bangladesh taka (BDT) in the inter-bank foreign exchange market due to strong demand for the greenback, fund managers...
FE ReportThe government borrowed Tk 4.0 billion (400 crore) Sunday through auctions of treasury bills. It will result in withdrawal of Tk 4.0 billion from the market in the week.The central bank conducted auctions of 91-day and 182-day bills on...
Walton Hi-Tech Industry, a concern of local RB Group, started its commercial production at Gazipur recently, says a press release.Chairman and Managing Director of Butterfly Marketing Ltd MA Mannan inaugurated the manufacturing activity officially as the chief guest.Managing Director of...
A new IT partnership between Capevo A/S of Denmark and LeadSoft Bangladesh Ltd. was signed recently for developing internet-based systems for sophisticated digital forms, says a press release.In many countries in the Western world, customer and citizen service requirements are...
The 24th annual general meeting (AGM) of Alltex Industries Limited has approved 2.50 per cent cash dividend for the year that ended on June 30, '08.The AGM was held on the factory premises at Ariabo in Rupganj of Narayanganj district...
Our CorrespondentCHITTAGONG, Dec 21: Greater Chittagong Development Action Committee (GCDAC) called for immediate implementation of the 'development package' of Chittagong, which was undertaken by the advisery council of the interim government.The demand was raised at a press conference held at...
The annual general meeting (AGM) of National Association of Small and Cottage Industries of Bangladesh (NASCIB) was held in the city Thursday.President of the Central Executive Committee of NASCIB Mirza Nurul Ghani Shovon presided over the AGM, said a press...
Unilever Bangladesh Limited organised modern trade customer day in the city recently with a view to celebrating a splendid performance this year of the superstores serviced by the company. The event was organised in the essence of growing business through...
MUMBAI, Dec 21 (AFP): Indian markets this week will be hoping for a fresh economic stimulus package to boost economic growth and further rate cuts from India's central bank after inflation fell to a nine-month-low. India plans a second economic...
Issue degradedThe shares of Imam Button will be placed in "B" category from existing "A" category with effect from today (Monday), as the board of directors of the company has recommended 8.0 per cent cash dividend for the year 2007-...
COLOMBO, Dec 21 (AP): Tamil Tiger rebels killed 60 Sri Lankan troops advancing toward their de facto capital, a pro-rebel report said, but the government denied Sunday that many soldiers had died.Meanwhile, the government said that its troops captured the...
Guests trapped in a Mumbai hotel seized by gunmen last month have told the BBC they were given instructions by police that may have led to more people dying, reports BBC.A survivor who had been hiding at the Taj Mahal...
BINDURA, (Zimbabwe), Dec 21 (AFP): President Robert Mugabe again dismissed demands that he step down Saturday, saying he would not go to his "political death" and urged his party to be ready for new polls in Zimbabwe.The 84-year-old leader used...
ATHENS, Dec 21 (Reuters): Hundreds of Greek youths fought running battles with police in Athens late Saturday as anti-government protests entered a third week since police shot dead a teenager.Students threw stones and petrol bombs at riot police outside university...
Scientists may be narrowing down the hunt for the cells which are the source of bowel cancer, reports BBC.When genetic damage was inflicted on stem cells from the intestines of mice, the result was a speedy transformation into fast-growing tumours.UK...
Christmas and New Year beach parties in tourist resorts in the Indian state of Goa have been banned because of security concerns, say the authorities, reports BBC.No specific details have been given but officials said there was "obviously" a security...
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