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'PRAN-Prothom Alo pickle competition winners get prize

2008-11-26 00:00:00

Prize giving ceremony of 9th PRAN Prothom Alo National Pickle Competition-2008' was held Sunday, says a press release.Ex-principal of Home Economics College Feroza Sultana, film actress Diti, recipe specialist Sitara Ferdous, singer Krishnakoli, TV artiste Sharmili Ahmed, Richi Solaiman, Swety...

Myanmar timber export market declines

2008-11-26 00:00:00

YANGON, Nov. 25 (Xinhua): Myanmar's timber export market has apparently declined as international purchase power falls, triggered by the global economic crisis, reported the local Weekly Eleven News today. Quoting a recent paper reading session involving timber entrepreneurs, the report...

US home sales slip another 3.1pc

2008-11-26 00:00:00

WASHINGTON, Nov 25 (AFP): Existing US home sales fell 3.1 per cent in October as buyers remained on the sidelines amid economic uncertainty, the National Association of Realtors said yesterday. The industry group said sales of homes and apartments dropped...

Nepal to reveal hydropower action plan soon

2008-11-26 00:00:00

KATHMANDU, Nov. 25 (Xinhua): The Nepali government will soon reveal an action plan on hydropower which would help meet the envisaged target of generating 10,000 MW by 2020, state- owned newspaper The Rising Nepal reported today. Nepali Water Resources Minister...

Cockle-ornaments makers seek bank loans

2008-11-26 00:00:00

Our CorrespondentGOPALGANJ, Nov 25: "A cockle is no less than a pearl" has been proved by Ratna Rani Sarker (30), a cockle (jhinuk) businessperson of village South Jalirpar under Muksudpur Upazila in Gopalganj district.Ratna Rani Sarker could made her self...

South Korea's big retailers to resume US beef sales

2008-11-26 00:00:00

SEOUL, Nov 25 (AFP): Major South Korean retailers said today they would resume US beef sales for the first time since mass protests against the imports rocked the country, citing the need for cheap food during hard times. The Korea...

Hyundai to target China, other emerging markets

2008-11-26 00:00:00

HONG KONG, Nov 25 (AFP): South Korean automaker Hyundai Motor said today its strategy for weathering the financial storm was to expand its production of small, fuel-efficient cars for China and other emerging markets. Demand for Hyundai's small cars is...

Calendar year-long BO account maintenance period demanded

2008-11-26 00:00:00

FE ReportDepository participants (DPs) have demanded that the Securities and Exchange Commission (SEC) and the Central Depository Bangladesh Ltd (CDBL) set the period of January 1 to December 31 as the beneficiary owners' (BO) annual account maintenance fee' period. "Under...

Call rate gains ground, dollar posts gain

2008-11-26 00:00:00

FE Report The inter-bank call money rate gained ground slightly Tuesday due to withdrawal of cash through reverse repurchase agreement (repo) and government bonds. The US dollar also gained against Bangladesh taka (BDT) in the inter-bank foreign exchange market on...

$10m OD facilities given to an SCB by BB

2008-11-26 00:00:00

FE Report The central bank Tuesday provided overdraft (OD) facilities to the tune of US$10 million to a state-owned commercial bank (SCB) for settlement of fuel oil import bills."We've provided the OD facilities to the SCBs against government approved securities...

Bengal Textile partly closed

2008-11-26 00:00:00

Our CorrespondentKHULNA, Nov 25: Production at section-1 of Bengal Textile Mills has been suspended from Saturday as the contract period of service charge was expired.Bengal Textile Mill was set up in Avoynagor of Jessore District in 1961 with two sections....

IBBL gives priority to rural areas for extension of SME

2008-11-26 00:00:00

Islami Bank Bangladesh Limited (IBBL) Chairman Abu Nasser Muhammad Abduz Zaher said IBBL gives priority to the Mufassil and rural areas for the extension of the small and medium enterprises (SME). The bank aims at enriching national economy by strengthening...

EXIM Bank provides Tk 0.9m aid to city slum dwellers

2008-11-26 00:00:00

EXIM Bank provided financial assistance worth Tk 0.9 million (9.0 lakh) to the slum dwellers at Gonoktoli colony in the city recently, who sustained losses in the recent fire that gutted their shanties.EXIM Bank Audit Committee Chairman and its foundation...

BRAC bank opens branch at Dakkhin Khan

2008-11-26 00:00:00

BRAC Bank Limited inaugurated a branch at Dakkhin Khan in the city Monday, says a press release.Director of the bank SN Kairy inaugurated the branch. Managing Director of the bank AEA Muhaimen, Deputy Managing Director Syed Mahbubur Rahman, Chief Information...

DBH rated highest 'AAA' for 3rd consecutive year

2008-11-26 00:00:00

Delta Brac Housing Finance Corporation Ltd. (DBH), the leading housing finance company, was rated 'AAA' (Triple A), top of the rating scale for long term and ST-1 for short term for the third consecutive year. Mr. Hamidul Huq, Managing Director...

AKTEL offers 'free connection'

2008-11-26 00:00:00

AKTEL has announced another new offer of 'Free Connection' for its new Prepaid customers as a part of its 11th year celebration.All new AKTEL Prepaid connections will now be available at only Tk 199 with Tk 200 bonus talk-time. After...

BTRC consultant wins award in ID World Int'l Congress in Italy

2008-11-26 00:00:00

FE Report Abdullah A. Ferdous, senior consultant of BTRC, has won this year's prestigious ID People Award at the ID World International Congress 2008. The names of winners of the ID People Awards - the Oscars of the Auto ID...

DBBL opens 59th branch at Chhatak

2008-11-26 00:00:00

Dutch-Bangla Bank Limited (DBBL) has opened its 59th branch at Mehetaj Shopping City on the Girls' School Road at Chhatak in Sunamganj.Managing Director of the bank Md Yeasin Ali inaugurated the branch recently, said a press releaseFrom the opening day,...

Gulf stocks rise on global rally

2008-11-26 00:00:00

KUWAIT CITY, Nov 25: Stock markets across the oil-rich Gulf region traded higher Tuesday after days of losses, buoyed by a rally in global shares on the back of stimulus packages and rescue plans, according to Internet.All but one of...

Jalalabad Gas earns over Tk 3.09b revenue

2008-11-26 00:00:00

FE Report Jalalabad Gas Transmission and Distribution System Limited, Sylhet has earned a total revenue of Tk 3.0927 billion (309.27 crore) in the fiscal 2007-08 consisting sale revenue of Tk 2.9453 billion and other income of 147.4 million. This was...

corporatewatch

2008-11-26 00:00:00

DividendsQuasem Drycells: The board of directors of Quasem Drycells has recommended 12 per cent cash dividend for the year 2007-2008. The annual general meeting (AGM) of the company will be held at the Institute of Diploma Engineers Bangladesh, IDEB Bhaban,...

UN head outlines DR Congo 'abuse'

2008-11-26 00:00:00

The UN secretary general has issued a report saying that all sides in eastern Democratic Republic of Congo have committed serious human rights abuses, report agencies.Ban Ki-moon said both government forces and rebels loyal to Gen Laurent Nkunda had carried...

Astronauts successfully finish clean and lube job

2008-11-26 00:00:00

CAPE CANAVERAL, Nov 25 (AP): Astronauts successfully carried out one last spacewalk Monday, finishing an unprecedented clean and lube job that they began a week ago at the international space station. Spacewalker Stephen Bowen wrapped up work on a jammed...

Somali pirates hijack Yemeni cargo ship

2008-11-26 00:00:00

NAIROBI, Nov 25 (AFP): Somali pirates have hijacked a Yemeni cargo ship in the Gulf of Aden, a maritime official told AFP Tuesday.Andrew Mwangura, head of the East African Seafarers Assistance Programme, identified the vessel as the MV Amani but...

Bad bosses may damage your heart

2008-11-26 00:00:00

Inconsiderate bosses not only make work stressful, they may also increase the risk of heart disease for their employees, experts believe, reports BBC. A Swedish team found a strong link between poor leadership and the risk of serious heart disease...

Bin Laden driver being moved to Yemen

2008-11-26 00:00:00

Osama Bin Laden's former driver is being moved from Guantanamo Bay to serve the remainder of his sentence in his native Yemen, the Pentagon says, report agencies.US officials told the BBC the transfer of Salim Hamdan would take place in...

Six killed in two attacks in Pakistan

2008-11-26 00:00:00

PESHAWAR, Nov 24 (AFP): Unidentified gunmen shot dead six people in two attacks Tuesday which authorities said were aimed at igniting sectarian unrest in volatile northwest Pakistan. The first attack in the garrison town of Kohat left three Shiite Muslims...

news digest

2008-11-26 00:00:00

NKorea releases more photos of Kim SEOUL, Nov 24: North Korea Tuesday released photographs of leader Kim Jong-Il inspecting factories in a border city, the latest in a series of recent photos apparently designed to counter claims he is sick....

Real Estate ordinance soon to ensure business fairness, protect buyers

2008-11-26 00:00:00

Munima SultanaThe government is about to promulgate the much-talked about real estate ordinance to remove irregularities in the sector. The council of advisors of the Caretaker Government approved the draft Real Estate Development and Management Ordinance 2008 on November 20...

Does REHAB's code protect clients' interest?

2008-11-26 00:00:00

Rashedul HaqueTHE Real Estate and Housing Association of Bangladesh (REHAB) deserves appreciation for adopting a code of conduct for its members. A code was long overdue for bringing discipline in the sector. The association deserves congratulations. Better late than never.But...