MOSCOW, Dec 4 (AFP): Russia said yesterday it was preparing fresh measures to boost its economy as President Dmitry Medvedev urged the government to try to take advantage of an anticipated fall in prices. Finance Minister Alexei Kudrin said the...
SYDNEY, Dec 4 (AFP): Australia posted a record trade surplus of nearly three billion dollars (1.94 billion US) in October, buoyed by a jump in exports and the decline of its currency, official figures showed today. The seasonally adjusted 2.95-billion-dollar...
MANILA, Dec 4 (AFP): The Asian Development Bank (ADB) has approved a loan package to Pakistan's populous Sindh province that could be worth up to 300 million dollars, the Philippines-based lender said today. The loan is designed to upgrade water...
SEOUL, Dec 4 (AFP): South Korea's export-driven economy faces growing downside risks as fears of a worldwide slowdown grow, the finance ministry said today. "Despite easing inflationary pressures, South Korea faces increased downside risks such as contraction of production, domestic...
SINGAPORE, Dec 4 (AFP): Oil prices sunk further in Asian trade today, falling below 46 dollars a barrel at multi- year lows in a market dominated by declining demand and dismal economic news, analysts said. New York's main futures contract,...
The winners of the second Holcim Awards Competition-2008 for sustainable construction from across Asia Pacific were announced in New Delhi recently, says a press release. Total prize money of US $270,000 was handed over to ten projects that show future-oriented...
Our CorrespondentNILPHAMARI, Dec 12: Department of Agriculture Extension (DAE) has undertaken a comprehensive scheme to cultivate winter crops in Nilphamari district. DAE sources said potato is to be cultivated on 23,400 hectares of land with 374,400 metric tonnes production target....
BEIJING, Dec 4 (AFP): Travelling at 330 kilometres an hour on one of China's fastest trains, businessman Ren Wenzuo had nothing but praise for a multi-billion-dollar plan to spin a web of new rail links across the country. "People nowadays...
FE ReportThere was a strong demand in the week's sale emanating from internal buyers, were more forceful, whist loose tea buyers were also very active for good liquoring varieties. Once again prices moved appreciably for better liquoring teas. There was...
TOKYO, Dec 4 (AFP): Nippon Oil Corp., Japan's top oil refiner, and Nippon Mining Holdings Inc. said today they had agreed to merge in response to dramatic changes in the global energy industry. The move comes against a backdrop of...
FE Report Commerce Adviser Dr. Hossain Zillur Rahman urged Bangladeshi business community to look beyond the major international markets for boosting country's exports. He was speaking as chief guest at a seminar titled 'Duty Free Market Access in Korea: Potential...
Ambassador of the Russian Federation in Bangladesh Dr. Gennedy P Trotsenko called on Mahmudul Islam Chowdhury, president of the International Business Forum of Bangladesh (IBFB) and former mayor of Chittagong City Corporation, at the latter's residence in Chittagong recently. They...
DUBAI, Dec 04: Emirates is bringing its very own brand of double-decker to London with the arrival of its industry leading A380.From December 01, EK001, which departs Dubai daily at 0745hrs and arrives in London Heathrow at 11 35hrs, is...
Dutch-Bangla Bank Limited will finance construction of a bridge in the remote area of Chatlakanda of Roumari upazila under Kurigram district to facilitate road communication of 40 thousand people of the locality, says a press release.An exclusive report published in...
National Credit and Commerce Bank Ltd (NCC) opened a brokerage house at Feni recently, says a press release. Chairman of the bank Tofazzal Hossain inaugurated the new branch as the chief guest. Former chairman of the bank Mahbubul Alam Tara,...
FE ReportMr. Abdul Hai Sarker has been re-elected the president of Bangladesh Textile Mills Association (BTMA) for the second term (2009-2010) uncontested.Syed Monzurul Huq from Category-A (Yarn Manufacturers), Alhaj Tajul Islam Dhali from Category-B (Fabric Manufactures) and Engr. Ahmed Ali...
Our CorrespondentKHULNA, Dec 4: The Khulna business community sought financial and technical assistance of the foreign gas company Chevron for supplying gas through pipeline in Khulna region from Shahbazpur of Bhola. The demand was raised during a discussion held at...
Islami Bank Bangladesh Limited (IBBL) has opened its second Small and Medium Enterprise (SME) Service Centre at Centre Premises of Bandura, in Nawabganj of Dhaka, said a press release. Upazila Nirbahi Officer of Nawabganj Md Jillur Rahman Chowdhury and Principal...
9-day holiday at DSEAs per decision of the board of directors of DSE, there will be no trading at DSE between December 7, '08 and December 11, '08 following the holidays of Eid-ul-Azha. Therefore, trading at DSE will remain closed...
HONG KONG, Dec 4 (AFP): Shares were lower in Asia today as dealers pared gains on the back of a Wall Street rally after news from the United States showed the world's biggest economy is in for a deep recession....
FE Report The inter-bank call money rate remained steady against stronger demand for cash, as the central bank injected large amount of fresh fund through repurchase agreement (repo). The US dollar was also stable against Bangladesh taka (BDT) in the...
BOMBAY, Dec 4 (Bloomberg): India's Sensitive index rose, led by banks, on speculation the government will announce measures to counter the economic slowdown.India may announce a 750 billion-rupee (US$15 billion) plan to boost growth by the end of this week,...
Sales of Walton brand electronics is getting momentum, specially 'Walton fridge' as the company offered special discount on their products ahead of Eid-ul Azha, says a press release.According to the company source the offer will continue till December 09 at...
WASHINGTON, Dec 4 (AFP): US job losses accelerated in November while German car sales skidded, according to the latest batch of data Wednesday that added to worries about the global economic outlook. Brazilian mining giant Vale became the latest to...
BRAC Bank Limited has inaugurated its Small and Medium Enterprise (SME) Service Centre at Zamila Mansion (2nd Floor) on the TA Road (Kandipara) in Brahmanbaria.Acting Chief Information Officer and Head of Operations of the bank Shah Alam Bhuiyan formally inaugurated...
Shakhawat Hossain The Bangladesh Bank (BB) said a major weakness of the local capital market is its inability to reflect the company fundamentals adequately.The danger of insider trading in manipulating market prices has been identified by the BB as another...
FE Report The flow of inward remittances increased by over 18 per cent in November over the previous month due to the upcoming Eid-ul-Azha festival, officials said. The remittances from Bangladeshi nationals working abroad were estimated at US$767.35 million in...
The two-day scrutiny of nomination papers ahead of the December 19 parliamentary election ended Thursday with cancellation of over 200 nominations on various charges across the country, reports BSS. The candidates will, however, have the opportunity to appeal to the...
Xian Zhu and Zahid HussainThe world is in the midst of a historic economic crisis - a crisis that threatens to undo the hard-won gains in growth and development of the past years. Coming on the heels of the food...
The High Court Thursday declared "illegal" the trident sections of the Emergency Power Rules (EPR) that deny people's right to seek bail or challenge any order under the emergency ordinance, reports UNB. As per the triple-bar any accused booked under...
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