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HC extends its stay on FBCCI polls until Nov 4

2007-10-05 00:00:00

The High Court (HC) Thursday, following an application, extended its stay order on the election process of the country's apex trade body, Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), until November 4, reports UNB.Earlier, on Sunday, the HC...

Dollar stable, call rate steady

2007-10-05 00:00:00

FE ReportThe US dollar was steady with downward bias against the Bangladesh taka (BDT) Thursday in the inter-bank foreign exchange market with stable demand for the greenback, fund managers said.The inter-bank call money rate remained steady despite withdrawal of cash...

Koreas seek formal end to Korean War

2007-10-05 00:00:00

SEOUL, Oct 4 (Reuters): Leaders of the two Koreas agreed Thursday to try to bring peace to the Cold War's last frontier, just a day after the North signed up to an international deal to disable its nuclear facilities. But...

Venezuela accuses CIA of attempting military coup

2007-10-05 00:00:00

CARACAS, OCT 4 (AP): President Hugo Chavez accused Washington of trying to spur a military rebellion, saying the US Central Intelligence Agency is behind the distribution of leaflets inside army barracks calling for his ouster.Speaking to dozens of army officers...

'Washington can't afford to launch war against Iran'

2007-10-05 00:00:00

UNITED NATIONS, OCT 4 (AP): Iran's foreign minister said the United States is not in a position to attack his country because Washington cannot afford another costly war in the region.Manouchehr Mottaki accused President George W. Bush's administration of engaging...

Iraq orders $100 million arms supply from China

2007-10-05 00:00:00

BAGHDAD, Oct 4 (Reuters): Iraq has ordered light military equipment from China worth $100 million because the United States is unable to meet Baghdad's requirements, the Washington Post reported President Jalal Talabani as saying. The weapons are intended for Iraq's...

Nine die in rebel attacks in India

2007-10-05 00:00:00

GUWAHATI, Oct 4 (AFP): Five paramilitary troopers and four tribal separatists were killed in two attacks in India's restive northeast, police said Thursday. Armed militants of the People's Revolutionary Army of Kangleipak (PREPAK) ambushed a paramilitary convoy late Wednesday in...

Deposed Fiji leader challenges military chief

2007-10-05 00:00:00

SUVA, Oct 4 (AFP): Fiji's deposed prime minister Thursday launched court action challenging the legality of military chief Voreqe Bainimarama's bloodless coup last year. Under heavy security in the Fiji High Court in Suva, lawyers for Laisenia Qarase asked for...

Thai government reaffirms election date Dec 23

2007-10-05 00:00:00

BANGKOK, OCT 4 (AP): The Thai government reaffirmed Thursday that the country will hold a general election on Dec. 23. Prime Minister Surayud Chulanont and the Election Commission chief, Apichart Sukhakanon, held a news conference to dispel rumors that the...

Ukraine co to invest $15.473m in Adamjee EPZ

2007-10-05 00:00:00

FE Report Super Protective Shoes (Pvt) Limited, a Ukraine company, will set up a footwear and shoe manufacturing industry in the Adamjee Export Processing Zone (EPZ).The 100 per cent foreign-owned company is committed to invest US$ 15.473 million to produce...

Vegetables get cheaper at BDR markets

2007-10-05 00:00:00

The retail prices of vegetables at the city markets declined further as supply of the items continued to increase, a market report of Bangladesh Riffles (BDR) said in the city Thursday, reports BSS.Besides, the retail prices of the most of...

RMG washing village to be built in port city

2007-10-05 00:00:00

CHITTAGONG, Oct 4: Ready-made garments (RMGs) washing village would be built in the port city in cooperation with Chittagong City Corporation (CCC), Chittagong Development Authority (CDA) and other concerned agencies of the government, sources said.Chittagong City Corporation (CCC) Mayor (acting)...

Role of businessmen in establishing socio-economic justice vital

2007-10-05 00:00:00

FE Report Islami Bank Bangladesh Limited (IBBL) organised a discussion on 'Ramadan in Establishing Socio-Economic Justice' and an Iftar mahfil at a city hotel recently. Chaired by IBBL Board of Directors Chairman Abu Nasser Muhammad Abduz Zaher, the function was...

Asian stocks fall

2007-10-05 00:00:00

SINGAPORE, Oct 4 (Bloomberg): Asian stocks fell on concern a rally that drove five of the region's six biggest markets to records in the past week more than reflects earnings prospects. BHP Billiton, the world's biggest resources company, slid after...

corporatewatch

2007-10-05 00:00:00

Doa Mahfil of DSE on Oct 7An annual 'Doa Mahfil' of Dhaka Stock Exchange (DSE) will be held on October 07, 2007 at 1:30 pm on DSE premises on the occasion of holy Ramadan. All members and employees of DSE...

AKTEL holds Iftar party for orphans

2007-10-05 00:00:00

FE ReportAKTEL, one of the leading telecom providers in the country, arranged an 'Iftar mehfil' for the orphans of Jamia Arabia Khadimul Islam Madrasah at a city convention centre recently.AKTEL Managing Director Kamshul Kasim and Head of Corporate Affairs Javed...

European stocks decline

2007-10-05 00:00:00

LONDON, Oct 4 (Bloomberg): European stock-index futures declined as investors speculated that central bankers in the region will leave interest rates unchanged. BHP Billiton Ltd. and Rio Tinto Group retreated in Australia after metals prices dropped. Royal Dutch Shell Plc...

Prizes of Agora mega shopping bonanza distributed

2007-10-05 00:00:00

FE ReportAgora, the largest chain supermarket of the country run by Rahimafrooz Superstores Ltd, distributed prizes among the winners of the mega shopping bonanza offer held on the occasion of its sixth founding anniversary.Agora Marketing Manager GM Kamrul Hassan handed...

Footpath vendors at some points doing brisk business

2007-10-05 00:00:00

Jasim Uddin Haroon The average sale of hawkers selling goods in the city's footpaths has considerably declined compared to last year's Eid market. But footpath vendors at some city points are doing brisk business, said hawkers.The points where brisk businesses...

Brisk business being transacted in Ctg markets ahead of Eid

2007-10-05 00:00:00

Our Correspondent CHITTAGONG, Oct 04: Brisk business is now being transacted at all markets and shopping malls of different parts in the port city ahead of holy Eid-ul-Fitr.However, its charm is apparently less than that of the last year. Most...

Expansion of Saidpur industrial estate demanded

2007-10-05 00:00:00

Our CorrespondentNILPHAMARI, Oct 04: Expansion scheme of BSCIC's Saidpur industrial estate remains hanging for more than two years. Sources said requirement of expansion of BSCIC's Saidpur industrial estate was placed with the higher authorities and it has under consideration of...

ICB declares NAV of two unit funds

2007-10-05 00:00:00

FE ReportThe ICB Asset Management Company Limited (AMCL), a subsidiary of Investment Corporation of Bangladesh (ICB), has declared the net asset values (NAV) of its two unit funds.The total NAV of ICB AMCL Unit Fund stood at Tk 448,300,387.79 on...

Shrimps destroyed for selling in unhygienic condition

2007-10-05 00:00:00

BAGERHAT, Oct 4 (BSS): District Taskforce committee destroyed 60 kilogrammes of exportable shrimps worth about Tk 50,000 for selling those in an unhygienic condition at Signboard Bazar in the district Monday.The government has banned selling of exportable shrimps in the...

Titas Gas gets International award

2007-10-05 00:00:00

FE Report Titas Gas Transmission and Distribution Company Ltd has been nominated for World Quality Commitment (WQC) award in Gold category by Spain-based international organisation Business Initiative Directions (BID). The award will be given on November 26 in Paris ceremoniously.Recent...

Apollo Hospitals signs deal with Premier Bank

2007-10-05 00:00:00

FE ReportApollo Hospitals Dhaka recently signed a corporate deal with Premier Bank Limited to provide medical services and special corporate benefits to its employees.Apollo Hospitals Dhaka Finance Director Shahjahan Majumder and Premier Bank Limited Managing Director Abu Haniff Khan signed...

6,000 smuggled Indian syringes seized

2007-10-05 00:00:00

CHUADANGA, Oct 4 (BSS): Members of Rapid Action Battalion (RAB) seized 6,000 smuggled Indian syringes from a Dhaka-bound passenger bus Tuesday.Based on secret information, a RAB team recovered the syringes after intercepting the bus at Fakirpara on the Chuadanga-Damurhuda Road....

Koreas to expand economic cooperation

2007-10-05 00:00:00

SEOUL, South Korea, Oct 4 (AP): North and South Korea agreed Thursday to expand economic cooperation that has flourished this decade in line with greatly reduced political tensions on their divided peninsula.The two countries said that they would establish a...

US-Chinese joint venture in financial services launched

2007-10-05 00:00:00

CHICAGO, Oct 4, (AFP): US and Chinese investors yesterday launched what was touted as the first American financial services group jointly owned by a Chinese company, aiming to work on cross-border mergers and private equity deal. The formation of HuaMei...

Northern Rock lifted as Citigroup offers funding

2007-10-05 00:00:00

LONDON, Oct 4 (Reuters): US investment bank Citigroup has offered to provide funding to potential buyers of stricken British bank Northern Rock as part of its advisory role, according to people familiar with the matter.The news that financing is becoming...

Australia approves major pulp mill despite environment fears

2007-10-05 00:00:00

SYDNEY, Oct 4 (AFP): The Australian government approved today plans for a controversial multi-billion-dollar pulp mill in Tasmania despite objections it could ruin one of the country's most pristine environments. Environment Minister Malcolm Turnbull said the proposed two-billion-dollar mill would...