William BarnesThe recent sharp rise in the value of the Thai baht is helping reshape a hithertoconservative fund management industry by encouraging investment overseas, according to the secretary-general of the Thai Securities and Exchange Commission (SEC).The Bank of Thailand has...
Ruth SullivanInvesting in Africa has traditionally not been for the faint-hearted, but investors are beginning to see opportunity in the continent, particularly in sub-Saharan countries.Signs of a more favourable investment climate are emerging as economies strengthen and diversify, fuelled by...
Deb Riechmann President Bush will urge U.S. allies at an Asia summit next week to stand firm against North Korea's nuclear program and to keep their troops in Iraq and Afghanistan.The president arrives in Sydney, Australia, Tuesday evening local time...
The HIV/AIDS epidemic in South Asia is being fuelled by the sexual behaviour of wealthy men and not by poverty as is widely believed, says a new study by UNAIDS and the Asian Development Bank.Rich men who often have unprotected...
Isabel ReynoldsChina tried to ease Tokyo's worries over its ballooning military spending in a meeting on Thursday at which the Asian rivals' defence ministers agreed to stage the first-ever visit by a Chinese warship to Japan.Cao Gangchuan's trip to Japan...
John WilkinsonChina's gross domestic product (GDP) for the first half of this year was 11.5 per cent, which is its 11th year of significant GDP growth.Invesco Hong Kong investment director Maggie Lee said for the past 10 years China has...
Rupa DamodaranTHE Malaysian economy expanded 5.7 per cent in the second quarter of this year, beating market expectations that gross domestic product (GDP) growth would come in at 5.5 per cent year-on-year.Bank Negara Malaysia Governor Tan Sri Dr Zeti Akhtar...
Jason SimpkinsThe state-run Bank of China and its Hong Kong subsidiary last week stunned investors by revealing a combined $11.25 billion in holdings related to the U.S. subprime debt market, the largest potential exposure reported by an Asian company and...
FE Report Bangladesh National Committee of International Chamber of Commerce (ICC), the world business body, in collaboration with German Technical Cooperation (GTZ) will hold a day-long workshop on the latest international commercial terms, known as 'Incoterms 2000' today (Saturday) at...
FE ReportPrices of vegetables and green chilli declined slightly while the prices of other essential commodities remained unchanged in the city markets over the past week, traders said.Traders said the prices of vegetables declined in the city markets mainly due...
Call rate maintains steady levelSarwar ZahanThe inter-bank call money rate remained steady throughout last week despite withdrawal of large amounts of cash through auctions of reverse repurchase agreement (repo), treasury bills, Bangladesh Bank treasury bills and Bangladesh Bank (BB) bills,...
FE Report Continental Insurance Limited (CIL) has declared 7.5 per cent dividend for its shareholders. The dividend was approved in CIL's 7th annual general meeting (AGM) held in the city recently. The company's Chairman Md Musa Meah presided over the...
FE ReportBRAC Bank Limited recently relocated its Agrabad branch to C and F Tower at 1222 Sheikh Mujib Road from Progoti House at 1070 Sheikh Mujib Road in the port-city.BRAC Bank Managing Director and CEO Imran Rahman formally inaugurated the...
Islamic Development Bank (IDB) President Ahmad Mohamed Ali Friday visited the Islamic University of Technology (IUT), a subsidiary organ of the Organisation of the Islamic Conference (OIC), reports UNB.IUT Vice-Chancellor M Fazli Ilahi apprised him of the objectives and various...
FE ReportIndia-Bangladesh Chamber of Commerce and Industry (IBCCI) President and Nitol Group Chairman Abdul Matlub Ahmad left the city for Kolkata Tuesday.During his stay in Kolkata Matlub Ahmad will join a meeting with the members of FICCI and other business...
Commercial Bank of CeylonAug 26 - Aug 29, 2007In the last week of August, US dollar kept its bullish tone againstBangladesh taka due to continued high demand for foreign exchange to meet import-related obligation and relatively lower inward remittances as...
LONDON, Aug 31 (Agencies): Princess Diana's family gathered Friday to solemnly mark the 10th anniversary of her death, while admirers tied scores of bouquets, poems and pictures to the gates of her former home. It was a day for broadcasting...
ISLAMABAD, Aug 31 (Agencies): Exiled former leader Benazir Bhutto is gambling her future on a power-sharing deal with President Gen. Pervez Musharraf, hoping to revive a political dynasty. Bhutto is urging Musharraf to step down as military chief and drop...
Earthquakes, volcanic eruptions, tsunamis and landslides are some of the additional catastrophes that climate change and its rising sea levels and melting glaciers could bring, a geologist says. The impact of human-induced global warming on Earth's ice and oceans is...
BAGHDAD, Aug 31 (Agencies): The Iraqi government called on armed groups to follow the lead of the biggest Shiite militia and freeze their operations, while the US military Friday reported the deaths of two more American service members in fighting...
UNITED NATIONS, Aug 31 (AFP): Potentially hazardous chemicals mistakenly shipped from an Iraqi chemical weapons plant have been found in a UN building but experts insisted Thursday that they posed no immediate risk. UN deputy spokeswoman Marie Okabe said that...
KABUL, Aug 31 (Agencies): A suicide bomber in a car blew himself up near the gates of the Afghan capital's airport Friday, killing one Afghan soldier and wounding six other people, officials and witnesses said. The blast, apparently aimed at...
Bush says he can settle North Korea nuclear issue WASHINGTON, Aug 31: (AFP): US President George W. Bush said he is optimistic that he will be able to settle the North Korean nuclear issue before he leaves the White House...
MANCHESTER, Aug 31 (AFP): Stuart Broad returned career best figures with both bat and ball as England beat India by three wickets in the fourth one-day international at Old Trafford here Thursday. When Broad, who'd earlier taken four for 51...
Australian cricket coach John Harmer Friday made his presentation before the BCB interview board as a candidate for Bangladesh cricket coach at the Board's Navana Tower Office in Gulshan, reports UNB.The 65-year-old Harmer, who coached the Australian women's team before...
After conceding two consecutive defeats, touring BCB National Cricket Academy team returned to the winning ways as they beat Australian Capital Territory by 77 runs in the 4th one-day match of the Institute Challenge Cup Friday, reports UNB.Coin-favoured, Academy team...
Blackburn's David Bentley and Aston Villa winger Ashley Young are in England's squad to face Israel and Russia in the Euro 2008 qualifiers, reports BBC. Bentley and Young, both 22, have been drafted in by coach Steve McClaren after David...
NEW YORK, Aug 31 (AFP): India's Sania Mirza advanced to the third round of the US Open with a 6-3, 7-5 victory Thursday over US veteran Laura Granville, booking a revenge match against Russian nemesis Anna Chakvetadze. Mirza, seeded 26th,...
MONACO, Aug 31 (AFP): France coach Raymond Domenech's appeal against a one-match ban will be heard on September 4, four days before Les Bleus face World Cup final rivals Italy in a Euro 2008 qualifying clash. Domenech Thursday appealed against...
Bangladesh made a flying start in the 7th Men's Asia Cup Hockey with a record 13-0 goals win over Thailand in their first group match on the opening day in Chennai, India Friday, reports UNB.This is the biggest margin victory...
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