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Police foil AL move to form human chain in Khulna

2008-11-28 00:00:00

KHULNA, Nov 27 (UNB): The police foiled a human chain of grass-roots level activists of Awami League (AL) in front of local press club in the town Thursday morning.The AL activists started a hunger strike and formed a human chain...

Thrust on professional responsibility in banking sector

2008-11-28 00:00:00

FE ReportNo profession can flourish and last long in the world if sympathy towards the people is lacking, said Bangladesh Bank governor Salehuddin Ahmed at a discussion in the city on Wednesday. Bangladesh Institute of Bank Management held the discussion...

250 tonnes rice imported through Benapole

2008-11-28 00:00:00

Our CorrespondentJESSORE, Nov 27: Some 250 metric tonnes of rice were imported from India through Benapole land port on Tuesday. It was the first consignment out of some 4,500 metric tonnes of rice that India pledged to export to Bangladesh....

SJIBL to disburse remittance through Islami Bank Ltd

2008-11-28 00:00:00

Customers of Shahjalal Islami Bank Ltd (SJIBL) would be able to receive remittance through network of Islami Bank Bangladesh Ltd (IBBL) branches all over the country.A taka drawing-agreement was signed to this effect between SJIBL and IBBL at the IBBL...

Call rate steady, dollar stable

2008-11-28 00:00:00

FE Report The inter-bank call money rate remained steady Thursday despite withdrawal of cash through reverse repurchase agreement, as the market experienced sufficient liquidity. The US dollar also maintained stable nerve against Bangladesh taka (BDT) in the inter-bank foreign exchange...

Prime Bank's passenger-cum bed lift for Sylhet Diabetic Samity

2008-11-28 00:00:00

FE Report Prime Bank Limited has donated a passenger-cum bed lift to Sylhet Diabetic Samity through its Foundation as a part of its corporate social responsibilities. In this connection, a ceremony was organised to formally inaugurate the lift and to...

Rupantarita Prakritik Gas Co earns Tk 1.67b revenue

2008-11-28 00:00:00

Rupantarita Prakritik Gas Company Limited (RPGCL), a company of Petrobangla, held its 21th annual general meeting (AGM) at a city hotel recently, says a press release. Secretary of Power Ministry and Chairman of RPGCL M Fouzul Kabir Khan presided over...

Singer awarded by SAFA for best presented accounts

2008-11-28 00:00:00

South Asian Federation of Accountants (SAFA), an apex body of SAARC, announced its 'Best Presented Accounts Award 2007' recently, says a press release. Singer Bangladesh Limited, one of the leading retailing and manufacturing company engaged in consumer electronics, household appliances...

Trust Bank, Union Capital sign Tk 250m loan deal

2008-11-28 00:00:00

FE Report Trust Bank Limited (TBL) has extended Tk 250 million term financing loan to Union Capital Limited (UCL), a non-banking financial institution (NBFI).In this connection, a corporate loan agreement signing ceremony was held at the TBL corporate head office...

EBL opens booth at Ctg Customs House

2008-11-28 00:00:00

FE ReportEastern Bank Limited (EBL) for the convenience of customs service users opened a booth at Chittagong Customs House in the port city recently, said a press release. EBL Chairman Mir Nasir Hossain formally inaugurated the booth. Also present at...

BADC seeds cost double the locally available seeds

2008-11-28 00:00:00

Our Correspondent FARIDPUR, Nov 27: The farmers of Faridpur are reluctant to buy Rabi crop seeds supplied by the BADC as its price is about two times higher than those found at the local seed markets.But deputy director of BADC...

Sugarcane turns sour for Joypurhat farmers

2008-11-28 00:00:00

Our Correspondent JOYPURHAT, Nov 27: Sugarcane cultivation has been drastically reduced in Joypurhat in recent time.Farmers said sugarcane is no more a profitable crop. This crop takes more time than other ones to grow and give an yield. Prices of...

corporatewatch

2008-11-28 00:00:00

DividendsPhoenix Leather: The board of directors of Phoenix Leather has not recommended for any dividends for the year 2007-2008. The annual general meeting (AGM) of the company will be held at 180-C, Sher-E-Bangla Road, Hazaribagh, in the city at 11am...

Ctg restaurants charging excess for food items

2008-11-28 00:00:00

Our CorrespondentCHITTAGONG, Nov 27: Some restaurant owners of the port city are still realising excess prices on different food items despite decline in prices of some essential items including rice, wheat and oil. Consumers are yet to get the benefit...

ICB AMCL declares NAV of its two unit funds

2008-11-28 00:00:00

FE Report ICB Asset Management Company Limited (AMCL), a subsidiary of Investment Corporation of Bangladesh (ICB), announced Net Asset Value (NAV) of its two unit funds recently, said a press release. The total NAV of ICB AMCL Pension Holders' Unit...

NCDP-initiated five markets completed in Nilphamari

2008-11-28 00:00:00

Our Correspondent NILPHAMARI, Nov 27: Construction of one wholesale market and four growers' markets in Nilphamari district has been completed recently. Northwest Crop Diversification Project (NCDP) initiated the building of the trade centres to develop a sound marketing network in...

Bank Asia launches Western Union Money Transfer services

2008-11-28 00:00:00

Bank Asia has launched Western Union Money Transfer services through Jagoroni Chakra Foundation (JCF), an NGO, in the country's south and southwest region.Deputy Commissioner of Jessore Napur Ahmed formally lunched the service at a function at Jessore Thursday, said a...

Dhaka Bank starts SME service centre at Goran

2008-11-28 00:00:00

Goran SME service center of Dhaka Bank Limited commenced its formal operation at 179, North Goran of Khilgaon in the city Monday, says a press release.Director and former chairman of the bank ATM Hayatuzzaman Khan formally inaugurated the centre through...

PSTN connectivity for all smile, djuice users

2008-11-28 00:00:00

Grameenohone enabled PSTN connectivity to all Smile mobile-to-mobile and djuice connections and the price of its prepaid products has also been revised, says a press release.As of November 23 all existing Smile mobile-to-mobile and djuicc, subscribers are able to make...

Asia rallies, Mumbai shuts

2008-11-28 00:00:00

HONG KONG, Nov 27: Asian markets shrugged off a bloody terrorist rampage in Mumbai to trade broadly higher following a larger-than-expected rate cut in China to help stave faltering economic growth there, according to Internet.

Atlas Copco opens office in city

2008-11-28 00:00:00

FE Report Atlas Copco (Bangladesh) Limited Wednesday opened its customer care centre in Dhaka for its compressor technique business area. Atlas Copco (India) Limited Managing Director Mike Mustapha inaugurated the customer centre, said a press release. Atlas Copco (Bangladesh) is...

Oil down in Asia on fresh energy demand worries

2008-11-28 00:00:00

SINGAPORE, Nov 27 (AFP): World oil prices fell in Asia trade today on renewed worries about energy demand after latest US data showed a bigger-than-expected rise in the country's crude oil stocks, dealers said. New York's main contract, light sweet...

India may import more edible oil this year: USDA

2008-11-28 00:00:00

New Delhi, Nov 27 (PTI): Declining global prices may prompt India, the leading edible oil importer, to import more vegetable oil during 2008-09 marketing year, according to the US Department of Agriculture forecast. India may buy 5.4 million tonnes of...

Good liquoring Dusts again dearer

2008-11-28 00:00:00

FE ReportThere was a strong demand in the week's sale from internal buyers. Blenders were strongly competing for the best liquoring types, which were often appreciably dearer whilst the Loose tea buyers lent more support. As a result, prices moved...

Russia seeks 'just and stable' oil price

2008-11-28 00:00:00

CARACAS, Nov 27 (AFP): Russian President Dmitry Medvedev said yesterday that Russia sought a "just and stable" oil price, after talks with his counterpart in OPEC-member Venezuela. "Russia is interested in a just and stable price for oil. Prices shouldn't...

Japan's Mitsubishi Motors to axe 1,100 jobs

2008-11-28 00:00:00

TOKYO, Nov 27 (AFP): Mitsubishi Motors Corp. said today it would cut 1,100 jobs, laying off one third of its temporary workers in Japan, as it reduces production to cope with sagging sales. Japan's fourth biggest carmaker said it would...

China's economic downturn deepening with spread of global crisis

2008-11-28 00:00:00

SINGAPORE, Nov 27 (Reuters): China warned Thursday its economic downturn was deepening with the spread of the global financial crisis, raising the spectre of job losses and social unrest in the world's most populous nation.In India, emerging Asia's other economic...

US swallows more bad news as EU unveils stimulus package

2008-11-28 00:00:00

WASHINGTON, Nov 27 (AFP): More grim economic news emerged from the United States yesterday as European leaders proposed a fresh stimulus package in renewed efforts to halt the global financial slowdown. A report on the eve of the national Thanksgiving...

Climate still top concern despite financial crisis

2008-11-28 00:00:00

LONDON, Nov 27 (AFP): The environment remains a top concern despite the financial crisis, according to a global poll published yesterday that finds 43 per cent see climate change as a bigger problem than the economy. HSBC bank's second annual...

NZ imports hit record in Oct

2008-11-28 00:00:00

WELLINGTON, Nov 27 (AFP): Record imports in October pushed New Zealand's trade deficit to the second highest level ever for the month, official figures showed today. But the deficit for the month of 942 million dollars (520 million US) was...