RABAT, Nov 15 (Xinhua): The Moroccan government will inject 28.9 billion dirhams (3.3 billion US dollars) under the 2009 financial act to boost the purchasing power of the country's population, the official MAP news agency reported yesterday. The measure is...
LONDON, Nov 15 (AFP): Oil prices sank this week to three-and-a-half-year lows close to 50 dollars a barrel, prompting the OPEC exporters' cartel to call an emergency meeting to discuss a mooted output cut. Commodity markets took a heavy knock...
NEW DELHI, Nov 15 (PTI): India and Nepal Thursday reviewed the progress of a power project under which New Delhi would provide its Himalayan neighbour 60 Mega Watt(M.W.) of power, beginning from December 1. Initially, India would supply 20 M.W....
MANILA, Nov 15 (AFP): Iraq is asking the Philippines to lift a ban on the deployment of Filipino workers there because it needs as many as 10 million foreign workers for infrastructure projects, a diplomat said today. "We have a...
SAO PAULO, Nov 14 (AFP): Brazil is to host an International Conference on Biofuels next week that will see the South American nation promoting its massive ethanol output-even as falling oil prices threaten exports. The week-long meeting in Sao Paulo...
COLOMBO, Nov 15 (AFP): Sri Lanka, a key exporter of tea, has appealed to "friendly countries" to buy more of the brew to help the island weather the global financial crisis, officials said today. Foreign Minister Rohitha Bogollagama and senior...
MUMBAI, Nov 15 (PTI): The Indian rupee yesterday gained 29 paise to close at 49.01/02 against the greenback, after losing nearly 200 paise in the past two days . Dealers in forex exchange said the domestic currency in sync with...
TEHRAN, Nov 15 (AFP): Iran, number two oil producer in OPEC, would support a decision to cut production by the cartel at an extraordinary meeting set for Cairo later this month, the Mehr news agency reported today. "OPEC members have...
FE Report A large number of expatriate Bangladeshis still prefer to remit home their money through informal channels as they face tremendous problem sending their earnings through formal channels, said discussants at a seminar on Saturday."Around 46 per cent of...
ETBL Securities and Exchange Ltd, an affiliate of ETBL Holdings Ltd, opened its second branch at 13, Dilkusha in the city Saturday to facilitate its growing customers in the Motijheel business district, says a press release. ETBL, a member of...
ACI Formulations Limited, a subsidiary of ACI Limited, has received the approval of direct listing of its shares from both Dhaka Stock Exchange (DSE) and Securities and Exchange Commission (SEC), says a press release. The trading of the shares in...
Dutch-Bangla Bank Limited (DBBL) organised a day-long workshop on "Marking to Market-based revaluation of Government Securities" for its concerned officials from the different divisions of the bank, says a press release. Managing Director of the bank Md Yeasin Ali inaugurated...
Our Correspondent KHULNA, Nov 15: The production of state run Hardboard Mill of Khulna on the verge of closure due to crisis of furnace oil. As a result, the mill faces severe losses. In this situation, frustration has been prevailing...
Bangladesh Bank has appointed Hafiz GA Siddiqi, vice chancellor of North South University (NSU), as director of BRAC Bank Limited from the 'depositors' category' recently, says a press release.Before joining NSU in 1993, Siddiqi had taught at Ohio State University...
Sarwar Zahan US dollar gained against Bangladesh taka (BDT) in the inter-bank foreign exchange market despite lower demand for the greenback last week due to supply constraints, fund managers said. The market faced a buying pressure from the banks that...
The winners of Citi Microentrepreneurship Awards 2008 in the category of - 'Best Innovative Micro Business of the Year', 'Best Woman Microentrepreneur of the Year', 'Best Microentrepreneur of the Year' and 'Best Microfinance Institution (MFI) of the Year' will be...
Banglalink has signed an agreement in the city recently with Katalyst under which they have formed a strategic alliance to serve small and medium enterprises (SME) through mobile and ICT based services and SME development activities, says a press releaseBanglalink...
Janata Bank Limited organised an orientation course for the newly recruited officers at its training institute in the city recently, says a press release. CEO and Managing Director of the bank SM Aminur Rahman inaugurated the course. He advised the...
Mr Prodip Kumar Dutta has been promoted to the post of deputy managing director (DMD) of Sonali Bank Limited.Prior to his new position, he was the general manager (GM) of the same bank, said a press release. Mr Dutta started...
Premier Bank Limited held its monthly managers' meeting in the city recently.Vice Chairman of the board of directors of the bank BH Haroon was present at the meeting as the chief guest, while Managing Director Khondker Fazle Rashid presided over...
AKTEL celebrated its 11 years of operation in telecommunication industry in Bangladesh Saturday. AKTEL started its journey in 1997, said a press release.Addressing the media, Managing Director and Chief Executive Officer (CEO) of the company Jefri Ahmed Tambi said, "Customers...
NEW YORK, Nov 15 (AFP): A global stock market rally stumbled on Wall Street Friday as investors woke up to sobering economic data from the United States and Europe and more grim corporate forecasts. The rally that began in New...
Four Bangladesh single country trade fairs will be held in Dubai, Bahrain, Saudi Arabia and Italy.Dhaka International Exhibition Company Limited (DIEC), an event management company, announced the schedule of the four three-day trade fairs at a press conference in the...
ICB Asset Management Company Limited (AMCL), a subsidiary of ICB, announced total net asset value (NAV) of its two unit funds in the city recently, says a press release.The NAV of ICB AMCL Pension Holders' Unit Fund stood at Tk...
Social Investment Bank Limited (SIBL) has inaugurated its 27th branch at Chowmohoni in Noakhali.Chairman of the bank Abdul Awal Patwary formally inaugurated the branch as the chief guest recently, while Vice Chairman Nasiruddin and Director Md Rezaul Haque and former...
A paper by Nargis Akhter, Sardana Islam Khan and Kamrul Hassan has won the GBMF UN OMAHA Best Paper Award at the First International Conference of Global Business and Management Forum (GBMF-2008). The title of the paper was Communication Skills...
Bangladesh Sugar and Food Industry Corporation (BSFIC) has set a target of producing 1,73,100 tonnes of sugar by taking its 15 sugar mills in full operation in the fiscal year 2008-2009, says a press release.Sugarcanes crushing at the mills under...
Ranks Petroleum Ltd, distributor of world renowned Shell Lubricants in the country, organised a seminar on the gas engine lubricants (Mysella) at a city hotel recently, says a press release. Shell global product specialist from the Netherlands Schasfoort Thijs was...
The 23rd Mercantile Bank National Swimming Championship concluded Saturday at National Swimming Complex at Mirpur in the city with two South Asian Federation (SAF) records and 12 national records broken during the four-day meet, UNB reports.On the medal side, Bangladesh...
SHANGHAI, Nov 15(AFP): Roger Federer said he was glad to bring down the curtain on a difficult season and hoped to bounce back for a tilt at the Grand Slam record next year. The defending champion battled a back injury...
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