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Nursery business brings economic solvency

2008-11-19 00:00:00

Our CorrespondentBRAHMANBARIA, Nov 18: Nursery business has been a profitable venture in Brahmanbaria as the Department of Agriculture Extension (DAE) and some other non-government organisations achieved tremendous success in motivating, giving assistance and building awareness at all levels for plantation...

Global slowdown to impact Lanka's $2b tea export target

2008-11-19 00:00:00

COLOMBO, Nov 18 (PTI): Global slowdown can put a spanner in Sri Lanka's ambitious target of achieving USD 2 billion tea exports by 2010 with the country's foreign minister urging "friendly" tea importing nations to continue buying more tea from...

World cotton production falls as farmers turn to new crops

2008-11-19 00:00:00

OUAGADOUGOU, Nov 18 (AFP): World cotton production is set to fall six per cent to 24.7 million tons over the next year as growers turn to other crops to make money, an international trade body said yesterday. "World cotton production...

Slave labour casts pall over Brazil's biofuels confce

2008-11-19 00:00:00

SAO PAULO, Nov 18 (AFP): The cost of slave labor in sugar cane fields should not be overlooked when promoting the virtues of ethanol, the Roman Catholic Church said yesterday, as an international conference on biofuel got under way in...

Ericsson provides mobile multimedia service to Brunei co

2008-11-19 00:00:00

FE Report Ericsson has been selected by DataStream Technology (DST), a leading communications provider in Brunei Darussalam, for a nation-wide deployment of a state-of-the-art mobile multimedia content service delivery solution in the Asian country. This will enable DST's 3G subscribers...

BRTA shortlists 7 bidders for collecting motor vehicle tax

2008-11-19 00:00:00

Mahmuda Shaolin The Bangladesh Road Transport Authority (BRTA) has shortlisted seven bidders to appoint one of them by December as a service provider to collect Motor Vehicle Tax (MVT) online from January next. "We'll appoint one of the seven bidders...

Prime Bank holds w’shop on syndication loan

2008-11-19 00:00:00

Prime Bank Limited arranged a daylong workshop on 'Syndications and Structured Finance - Practices in Bangladesh' for Bangladesh Bank officials at a city hotel Tuesday. Bangladesh Bank Deputy Governor Murshid Kuli Khan inaugurated the session as chief guest, says a...

No new vessel included in Shipping Corporation's fleet in 17 years

2008-11-19 00:00:00

Our CorrespondentCHITTAGONG, Nov 18: Bangladesh Shipping Corporation (BSC) is gasping for survival since no new vessel has been included into its fleet for last 17 years and most of the 12 vessels in the existing fleet are already scrapped exceeding...

AB Bank holds training on money laundering

2008-11-19 00:00:00

AB Bank organised a day-long training programme on 'Anti-money laundering and anti-terrorist financing' at Spectra Convention Centre in the city recently. It was the 4th phase of the programme held by AB Bank for its Dhaka region branches in 2008...

Call rate steady, dollar gains

2008-11-19 00:00:00

FE Report The inter-bank call money rate remained steady Tuesday despite withdrawal of cash through bills and bonds. The US dollar, however, posted slight gain against Bangladesh taka (BDT) in the inter-bank foreign exchange market due to higher demand for...

City Bank trains probationers in retail banking

2008-11-19 00:00:00

City Bank recently organised a two-day orientation programme focusing on retail banking concepts and business model for the bank's 50 probationers. The programme emphasised the change in the bank's business model and selling skills of retail loan, deposit and card...

Rangs Electronics opens showroom at Karwan Bazar

2008-11-19 00:00:00

Rangs Electronics Limited, widely known as 'SonyRangs', has opened a new showroom, sales and service centre, at 56, Kazi Nazrul Islam Avenue, Karwan Bazar in the city. Chairman and Managing Director of Rangs Group of Companies Aktar Hussain inaugurated the...

DBH donates umbrellas to SMP

2008-11-19 00:00:00

Delta Brac Housing (DBH) Finance Corporation Limited has donated umbrellas for the traffic police of Sylhet Metropolitan Police (SMP).The company donated the umbrellas as part of its corporate social responsibilities (CSR), said a press release.Managing Director of the DBH QM...

Jamuna Bank signs bilateral deal with Post Office

2008-11-19 00:00:00

FE ReportJamuna Bank Limited (JBL) recently singed a bilateral agreement with Bangladesh Post Office (BPO) for speedy and secured delivery of money of Bangladeshi expatriates working abroad, said a press release.JBL Managing Director (current charge) Md Motior Rahman and BPO...

SJIBL workshop on 'money laundering' held

2008-11-19 00:00:00

FE Report A day-long workshop on 'Prevention of Money Laundering' organised by Shahjalal Islami Bank Limited (SJIBL) was held at its head office in the city recently, said a press release. SJIBL Deputy Managing Director Md Jillur Rahman inaugurated the...

World stocks extend slump

2008-11-19 00:00:00

LONDON, Nov 18 (AFP): World stock markets slumped for a second day running today amid the prospect of a year-long recession in Japan. About an hour after the start of trading across Europe, London was down 1.56 per cent, Frankfurt...

Green Delta Ins celebrates MD's 50 years of service

2008-11-19 00:00:00

Green Delta Insurance Company Limited has celebrated 50 years of service of its Managing Director (MD) and Chief Executive Officer (CEO) Nasir A Choudhury in the insurance sector.In this connection, the company accorded a reception to Mr Nasir in the...

Dubai Financial Exchange renamed Nasdaq Dubai

2008-11-19 00:00:00

DUBAI, Nov 18: The Dubai International Financial Exchange (DIFX) has announced that it will be known as Nasdaq Dubai from tomorrow (Thursday), after Nasdaq, according to Internet.

corporatewatch

2008-11-19 00:00:00

DBBL gets consent to raise authorised capitalThe authorities of Dutch-Bangla Bank Limited (DBBL) have stated that Bangladesh Bank (BB) has given its approval for amendments of Memorandum and Articles of Association of the bank to increase authorised capital from Tk...

Obama vows to 'work with' McCain

2008-11-19 00:00:00

US President-elect Barack Obama and his former rival John McCain have vowed to work together in a "new era of reform" to restore trust in government, reports BBC.Meeting for the first time since this month's election, they pledged to take...

Taleban reject Karzai peace plan

2008-11-19 00:00:00

KABUL, Nov 18 (Agencies): Taleban militants in Afghanistan have rejected an offer of peace talks with Afghan President Hamid Karzai. They have said that there can be no negotiations until foreign troops leave Afghanistan.A spokesman for the Taleban, Qari Yusuf...

Congo rebels advance despite ceasefire

2008-11-19 00:00:00

KANYABAYONGA, (Congo), Nov 18 (AP): On one side of this mountaintop ghost town, a line of black-booted rebels approaches on foot with rockets and tin boxes of ammunition, seizing new territory with each footstep despite promises of a cease-fire.On the...

Motor neurone disease clue found

2008-11-19 00:00:00

Scientists have identified a molecule which could be key to understanding the cause of motor neurone disease (MND) and other neurodegenerative disorders, reports BBC.The Proceedings of the National Academy of Sciences study raise the hope of new treatments being developed.The...

news digest

2008-11-19 00:00:00

Sixteen wedding guests die in India road crash LUCKNOW, (India), Nov 18: Sixteen people were killed and 31 critically injured when a bus carrying wedding guests crashed into a truck in northern India, police said Tuesday. The bride and groom...

EC wants to give 10m euros to improve health surveillance

2008-11-19 00:00:00

Doulot Akter MalaThe European Commission (EC) has expressed its willingness to provide 10 million euros to improve the country's health surveillance and food safety measures, which are the areas of major concern for the government, officials said.The EC will provide...

Strict implementation of laws imperative to combat drugs-terrorism: IGP

2008-11-19 00:00:00

Inspector General of Police (IGP) Nur Mohammad Tuesday said proper and strict implementation of the country's existing laws is enough in effectively combating drugs and terrors, reports UNB."There is no need to make new laws in eliminating drugs and terrorism...

Insecticide-treated mosquito nets can reduce deaths due to malaria

2008-11-19 00:00:00

Professionals of national and international healthcare institutions at a roundtable recently said insecticide-treated mosquito nets could help reduce deaths due to malaria effectively in the country, reports BSS.They said the outbreak of the disease is taking a serious turn in...

Drivers asked to avoid cantonment roads on Nov 21

2008-11-19 00:00:00

The Armed Forces Division has imposed restriction on vehicular movement through the Cantonment area on Armed Forces Day to be observed here on November 21 (Friday), reports UNB.With a view to keeping the roads inside the Dhaka Cantonment (from Shaheed...

Three tribal people shot dead

2008-11-19 00:00:00

BANDARBAN, Nov 18 (UNB): Assailants shot dead three tribal people in separate incidents at Boro Modok and Wangthong in Thanchhi Upazila Monday night.The dead were identified as Pie Thui Marma, headman of Singafa mouja, and Karbari Chhangdhui Mro, and Rui...

Iran wants to employ skilled workers

2008-11-19 00:00:00

Iran has shown its keen interest in providing employment to skilled Bangladeshi workers and assisting in energy sector, reports UNB."There was great scope for collaboration between the two Islamic nations which can, and should, be tapped," Iranian Ambassador Hassan Farazandeh...