Finance and Commerce Adviser AB Mirza Azizul Islam said, despite higher prices of commodities in the international markets, the government had to give huge subsidy to import essentials for keeping their prices at tolerable levels, which is "creating a tremendous...
FE ReportAn agreement on 'Instant Cash Service' was signed recently between Islami Bank Bangladesh Ltd (IBBL) and Wall Street Finance LLC of the USA. said a press release. The signing ceremony was held at the head office of Wall Street...
FE ReportICB AMCL, a subsidiary of the Investment Corporation of Bangladesh (ICB), has declared the net asset value (NAV) of its two unit funds.The total NAV of the ICB AMCL Unit Fund stood at Tk 48,58,39,056.22 on the basis of...
FE Report Warid Telecom has introduced an advanced SIM Tool Kit (STK) for all its subscribers, the first of its kind for Telecom users in Bangladesh. Customers will experience new standard of convenience related to VAS usage with this STK,...
Prime Bank Limited Managing Director M Shahjahan Bhuiyan on behalf of the bank handed over a pay order of Tk two million (20 lakh) to Major General Mohammad Shamim Chowdhury for flood affected people at his office in Bogra Monday,...
Nokia reinforced its commitment by handing over a cheque for Euros 50,000 to the chief adviser's relief fund, said a press release."We are deeply concerned about the current situation of the flood affected people and express the hope that our...
Despite a little increase in the price of onion, prices of most essentials and vegetables remained stable in city markets, a market report of Bangladesh Rifles (BDR) said Monday, reports BSS.The market report said onion is being sold at Tk...
FE ReportChairman of the United Nations' Global Alliance for Information and Communication Technologies and Chairman of the Intel Corporation's board of directors Craig R Barrett will visit Bangladesh on September 4. This will be his first visit to Bangladesh where...
FE ReportPubali Bank Limited and Seylan Bank Limited of Sri Lanka have signed a money transfer agreement.Under this deal, Bangladeshi expatriates in Middle East and other parts of the world will be able to remit their hard-earned foreign currency to...
HONG KONG, Aug 27 (AP): Asian markets rose Monday, with Hong Kong shares jumping 2.90 per cent to a new record, while Chinese stocks also hit a fresh high. India's benchmark index also surged 2.90 per cent.But trading was light...
FE ReportA team of the Institute of Chartered Accountants of Bangladesh (ICAB) left Dhaka recently for Colombo to attend the SAFA International Conference and second SAFA board meeting.President of the ICAB M Farhad Hussain is leading the ICAB delegation to...
DHL, the world's leading express and logistics company, announced Ms Pinky Sikder has been honored with Bangladesh's first DHL young entrepreneurs for sustainability (YES) award, said a press release.The three finalists of the DHL YES awards - Pinky Sikder, Ruhi...
PARIS, Aug 27 (AFP): European markets were broadly higher late morning Monday, but trading was subdued with the London stock exchange closed for a public holiday in Britain. In Paris, the CAC 40 index of leading shares gained 0.67 per...
TORONTO/NEW YORK, Aug 27 (Reuters): US Steel Corporation is to acquire Stelco Inc for about US$1.10 billion to strengthen its position as a supplier of flat-rolled steel products in North America, the companies said. Stelco, the last big Canadian-owned steelmaker...
Arbee Textile recommends no dividend The board of directors of Arbee Textile has recommended no dividend for the year that ended on December 31, '06. Other information relating to the annual general meeting (AGM) will be notified later. Dhaka Bank...
Continental Insurance LimitedNature of Business : Insurance businessSubscription Open : Nov 18, 2007Subscription Close : Nov 22, 2007For Non resident : Nov 18 to Dec 1, 2007Offer Price (Tk.): 100.00Face Value (Tk.): 100.00Market lot (Share): 50Sponsors Portion (Share): 600,000Public Offer...
BANGALORE, India, Aug 27 (AFP): Deadly blasts in the hi-tech hub of Hyderabad, the second attack in the southern Indian city in three months, have raised concerns about investment in a region powering the national economy. The bombs late Saturday,...
TEHRAN, Aug 27 (AFP): The head of the Iranian central bank resigned yesterday, the third departure of a key economic policymaker from President Mahmoud Ahmadinejad's administration in just two weeks. The resignation of Ebrahim Sheibani comes after the unexpected departures...
BEIJING, Aug 27 (Xinhua): Chinese President Hu Jintao will pay a state visit to Australia from September 3 to 9, and attend the 15th economic leaders' informal meeting of Asia- Pacific Economic Cooperation (APEC). This was announced by Chinese Foreign...
BEIJING, Aug 27 (CEIS): The draft law on recycling economy of China, made to boost sustainable development through energy saving and reduction of pollutant discharge, was deliberated for the first time by lawmakers yesterday. The draft law was submitted to...
BANGKOK, Aug 27 (AFP): Exports, a pillar of strength in Thailand's wobbly economy, have suddenly slowed due to cooling foreign demand and a strong currency, raising fears the kingdom will miss already modest growth targets. Thailand counts on exports for...
BEIJING, Aug 27 (AFP): A design fault was mostly to blame for US toy giant Mattel's recall of millions of products, not the Chinese manufacturers, China's chief safety watchdog said today. Eighty-five per cent of the roughly 20 million toys...
SINGAPORE, Aug 27 (AFP): World oil prices fell in Asian trade today in a market fretting over underlying credit worries in the United States, dealers said. Trading was likely to be relatively subdued with the London market closed for a...
BEIJING, Aug 27 (AFP): China will provide more housing for low-income families as part of efforts to stablise soaring property prices, state media reported today, citing Vice Premier Zeng Peiyan. Zeng said local governments should strive to offer adequate housing...
FE ReportCEMEX Cement Bangladesh Ltd arranged a technical seminar titled 'Nirapod Nirman Tips' for the masons at City Park Chinese Restaurant at Mohammadpur in the city Saturday. About 220 masons were present at the programme. CEMEX Cement's technical team held...
KUALA LUMPUR, Aug 27 (AFP): Malaysia's land development agency has acquired the entire equity interest in US-based Twin Rivers Technologies, one of North America's largest bio-diesel manufacturers, local media said today. The Federal Land Development Authority (Felda) made the 241.4...
TORONTO, Aug 27 (PTI): Canadian health department has advised people against using a Neem toothpaste from India, claiming that it contains high levels of harmful bacteria apart from a chemical found in antifreeze which was discovered earlier. Neem Active Toothpaste...
Bangladesh skipper Mohammad Ashraful Monday said they have a target to play in the second round of the ensuing Twenty20 World Championship to be held in South Africa next month, reports UNB."We'll definitely try to play good cricket… have a...
Ian Bell continued his outstanding form, notching up 79 as England posted a competitive 281 in the third one-day international at Edgbaston. The innings never quite hit its threatened heights as India plugged away and a number of batsmen made...
Speedster Mashrafe Bin Mortaza-led Mashrafe XI made a clean sweep over Ashraful XI as his side won the 5th and final practice twenty20 match by six wickets at the Mirpur Sher-e-Bangla National Stadium (SBNS) in the city Monday, reports UNB.Batting...
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