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DBBL introduces life line, future line series

2007-09-27 00:00:00

FE ReportDutch-Bangla Bank Limited (DBBL) has introduced "Life Line" and "Future Line," a complete series of retail banking solution, to add more colour to every step in life.DBBL Managing Director Md Yeasin Ali inaugurated the soft launching of two new...

Nokia introduces E-series handset E51

2007-09-27 00:00:00

FE ReportNokia further executed its commitment to drive the adoption of business mobility by addressing the needs of business users and business managers at an Enterprise Mobility Day programme in London recently.The company introduced the Nokia E51, a business smart...

Jute sector showing new promise of revival

2007-09-26 00:00:00

AMID recent negative developments relating to a good number of public sector jute mills that are saddled with the problems of staggering amounts of losses, the piece of news about investment in jute mills under private ownership increasing in the...

The significance of training in skills

2007-09-26 00:00:00

Enayet RasulBANGLADESHIS everywhere in the world have proved their worth as reliable and hard working people. Many of them did not find jobs at home but did considerably well by doing even odd jobs abroad and remitting their earnings home...

Bangladesh : Cleaning the house and reestablishing democracy

2007-09-26 00:00:00

Mahfuz R. ChowdhuryThe success of military rule in Bangladesh was made possible again and again by the corrupt politicians who brazenly made themselves available to be bought and sold like commodities. These politicians, who expropriated or otherwise destroyed much of...

Proper giving of zakat

2007-09-26 00:00:00

Meshbahuddin AhmedThe giving of zakat or charity by resourceful Muslims to the poor is one of the pillars of Islam. But Islam does not encourage zakat as a demonstration of wealth and ego satisfaction. Zakat should be rightly given without...

Unbearable traffic jams during Ramadan

2007-09-26 00:00:00

ACCORDING to reports, thousands of commuters got caught in gridlocks for hours on the roads on Monday in too many places of Dhaka city knowing not when their agonies would end. Some commuters stated in great exasperation that they had...

Freedom of expression

2007-09-26 00:00:00

FREEDOM of expression is a fundamental right in a free and democratic society. But where do we draw the line? Suppose I am traveling in a plane and the person sitting next to me has been behaving in a strange...

Pre-shipment inspection in Bangladesh: outsourcing customs efficiency to foreign companies

2007-09-26 00:00:00

Rashid ul Ahsan Chowdhury Ph.D THE Multilateral Trade negotiations launched in Punta del Este in Uruguay in 1986 resulted in a series of trade agreements. These agreements were embodied in an act and signed by ministers of participant countries in...

Muslims find spiritual home at Midwestern Mosque

2007-09-26 00:00:00

Lea TerhuneA modest building with a blue dome, the Darul Arqum Islamic Center nestles in a quiet neighbourhood not far from the State University of Iowa in Ames. The mosque serves members of the local Muslim community, including international students.Saleem...

US turmoil to have 'far-reaching' impact on world economy: IMF

2007-09-26 00:00:00

WASHINGTON, Sept 25 (AFP): The turmoil stemming from the US subprime property loan market and tighter credit will have a "far-reaching" impact on the world economy, the International Monetary Fund (IMF) said yesterday. "Downside risks have increased significantly and even...

Indian govt urges cos to cut costs to remain export competitive

2007-09-26 00:00:00

NEW YORK, Sept 25 (PTI): India's government yesterday asked companies to increase efficiency and cut costs to remain export competitive in the wake of strengthening of the rupee against other currencies. "China calibrates exchange rates, but we've left it to...

Chinese competition sparks tension among Benin traders

2007-09-26 00:00:00

COTONOU, Sept 25 (AFP): Standing in front of the Great Wall of China restaurant, Benin trader Diane is bitter at what she sees as unfair competition from the flood of Chinese imports. "The Chinese copy everything and sell their counterfeits...

ICICI to expand operations in Sri Lanka

2007-09-26 00:00:00

COLOMBO, Sept 25 (PTI): India's biggest private sector lender, ICICI is planning expansion of its operations in Sri Lanka to tap the vast business potential in the island nation. "Besides looking at providing financial assistance to Indian corporates who have...

Industrialised nations must convince old workers to stay on job to avoid skills gap

2007-09-26 00:00:00

WASHINGTON, Sept 25 (AFP): Industrialised nations must convince older workers to stay on the job beyond retirement age or face a skills shortage and higher labour costs, a study released today warned. The study conducted earlier this year for the...

Oil prices get reprieve in Asian trade

2007-09-26 00:00:00

SINGAPORE, Sept 25 (AFP): World oil prices eased today in Asian trade but analysts said concerns over tight supplies would limit the losses in a market that remained above 80 dollars a barrel. At 10:59 am (0259 GMT) New York's...

Soaring corn prices hit US cattle farmers

2007-09-26 00:00:00

SALMON, Idaho, Sept 25 (AFP): America's drive for alternative sources of energy is proving an expensive challenge for cattle farmers who are struggling to pay for traditional feed as the price of corn soars. Corn has traditionally made up 40...

Abu Dhabi buys Canada's PrimeWest for $2 billion

2007-09-26 00:00:00

OTTAWA, Sept 25 (AFP): Abu Dhabi National Energy Company (TAQA) yesterday announced the purchase of Canadian oil and gas firm PrimeWest Energy Trust for 5.0 billion dollars, the company said. TAQA's 26.75-dollar cash offer for each PrimeWest share is its...

Dollar pauses close to record low against euro

2007-09-26 00:00:00

TOKYO, Sept 25 (AFP): The dollar hovered just above its record low against the euro in Asian trade today as the market looked for clues on whether US interest rates could fall further, dealers said. They said the Japanese ruling...

CNOOC Ltd starts gas production in Indonesia

2007-09-26 00:00:00

BEIJING, Sept. 25 (Xinhua): China National Offshore Oil Company Limited (CNOOC Limited) announced yesterday that the phase two of the Southeast Sumatra (SES) gas project has started production. CNOOC SES Ltd., a CNOOC Ltd. subsidiary, was the operator, said CNOOC...

WB for creating market-responsive and cost-competitive industry in jute sector

2007-09-26 00:00:00

The World Bank (WB) Country Director Xian Zhu has suggested for creating a market-responsive and cost-competitive industry for revival of the jute sector of the country, reports BSS.In an article sent to newspapers he said, "One possible direction Bangladesh could...

UCBL signs deal with Huawei Tech

2007-09-26 00:00:00

FE ReportUnited Commercial Bank Limited (UCBL) has recently signed a corporate agreement with Huawei Technology (Bangladesh) Limited in connection with credit card.UCBL Deputy Managing Director Niaz Habib and Huawei Technology Assistant Chief Representative Sudan Kumar Roy signed the agreement on...

Prices of LP gas shoot up due to short supply

2007-09-26 00:00:00

Our CorrespondentBRAHMANBARIA, Sept 25: The price of liquefied petroleum gas (LPG) cylinders have increased by 25 per cent to 30 per cent within a month in the local markets, sources said.Traders blamed the shortage of supply and increase of transportation...

SJIBL holds 81st board meeting

2007-09-26 00:00:00

FE ReportShahjalal Islami Bank Limited (SJIBL) held the 81st board meeting of the bank in the city Sunday.SJIBL Chairman Sajjatuz Jumma presided over the meeting. The board approved a number of investment proposals and discussed various issues relating to policy...

Qatar Airways launches personal audio, video options

2007-09-26 00:00:00

FE ReportQatar Airways has recently upgraded the aircraft on its highly-popular Doha-Kuala Lumpur-Bali route to an Airbus A330 offering its passengers in every seat with fully interactive audio and video entertainment system.All seven weekly services between Doha and the Malaysian...

Vast areas of land in Ctg hilly region remain uncultivated

2007-09-26 00:00:00

Our CorrespondentCHITTAGONG, Sept 25: Due to non-availability of adequate agricultural inputs and easy loan facilities, vast areas of cultivable land in the hilly region are left uncultivated every year, according to a recent survey.The survey has revealed that as thousands...

First BSRS Mutual Fund announces NAV

2007-09-26 00:00:00

FE ReportAs per the Securities and Exchange Commission (Mutual Fund) Rules 2001, First BSRS Mutual Fund has announced its Net Asset Value (NAV) on the basis of provisional accounts at the close of business on August 31, 2007 of each...

PBL signs Tk 100m term loan deal with Uttara Finance

2007-09-26 00:00:00

FE ReportA term loan agreement for Tk 100 million was signed between Pubali Bank Limited (PBL) and Uttara Finance and Investments Limited (UFIL) at PBL head office in the city recently.PBL General Manager Dipak Kumar Chakraborty and UFIL Managing Director...

Workshop deliberates IBCCI for development of private sector

2007-09-26 00:00:00

FE ReportIn order to capacitate the Italy-Bangladesh Chamber of Commerce & Industry (IBCCI), a chamber management workshop was held in the city Sunday. The participants at the workshop were members of the IBCCI. Former DCCI president Rashed Maksud Khan was...

Asian stocks advance

2007-09-26 00:00:00

SINGAPORE, Sept 25 (Bloomberg): Asian stocks rose to a two-month high, led by BHP Billiton Ltd. and Sumitomo Metal Mining Co., after prices of copper, nickel and zinc gained. BHP, the world's largest mining company, and Rio Tinto Group, the...