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Oil prices higher amid talks of OPEC production cuts

2008-10-21 00:00:00

SINGAPORE, Oct 20 (AFP): World oil prices rose in Asian trade today amid growing signs that OPEC will announce production cuts at a special meeting in Vienna this week, dealers said. New York's main contract, light sweet crude for November...

Exports keep Indian carmakers' sales ticking

2008-10-21 00:00:00

NEW DELHI, Oct 20 (PTI): Carmakers in India could be struggling to keep sales at home in high growth trajectory, but they are taking heart from the fact that exports are soaring to say the least. During first six months...

Rahim Textile Mills holds 27th AGM

2008-10-21 00:00:00

The 27th annual general meeting (AGM) of Rahim Textile Mills Limited was held in the city recently, says a press release. Chairman of the company and Managing Director of Malek Spinning Mills Ltd A Matin Chowdhury presided over the meeting....

Yen drops in Asia as stocks rise

2008-10-21 00:00:00

TOKYO, Oct 20 (AFP): The yen fell back in Asian trade today as plans for a summit on the global financial crisis helped to reassure skittish investors, dealers said. The dollar rose to 102.01 yen in Tokyo afternoon trade from...

Markets turmoil may hurt PC demand in Asia, says monitor

2008-10-21 00:00:00

SINGAPORE, Oct 20 (AFP): A record 20.2 million personal computers were sold in the Asia-Pacific region outside Japan in the third quarter, but global market turmoil could hurt demand, industry monitor IDC said Monday.The third quarter sales represented a 12...

Bangladeshi cos showcasing ICT products at Dubai tech fair

2008-10-21 00:00:00

FE ReportFive companies from Bangladesh are participating in the 3rd largest IT fair of the world -- Gulf Information Technology Exhibition (GITEX) popularly know as GITEX Technology Week. Prime Minister, Vice President and Ruler of Dubai Sheikh Mohammad bin Rashid...

Thrust on making T-bills,bonds attractive

2008-10-21 00:00:00

FE ReportThe fifth meeting of Primary Dealers Bangladesh Limited was held at Prime Bank head office in the city Monday. Primary Dealers Chairman and Sonali Bank Ltd CEO SA Chowdhury presided over the meeting. Prime Bank Managing Director M Ehsanul...

Call rate, dollar maintain steady level

2008-10-21 00:00:00

FE Report The inter-bank call money rate maintained steady level Monday mainly due to comfortable liquidity in the market. The US dollar also remained stable against Bangladesh taka (BDT) in the inter-bank foreign exchange market with steady supply of the...

Fish import from Myanmar thru’ Teknaf stops

2008-10-21 00:00:00

Our CorrespondentCHITTAGONG, Oct 20: Importers stopped importing fishes for an indefinite period from Myanmar through Teknaf landport since mid-September protesting imposition of excess duty on imported fish, sources said.In this connection, fish importers association submitted a written application to the...

HSBC provides scholarships to visually impaired students

2008-10-21 00:00:00

The Hongkong and Shanghai Banking Corporation (HSBC) Ltd in Bangladesh has joined hands with Blind Education and Rehabilitation Development Organisation (BERDO) to provide scholarships to a number of visually impaired persons, says a press release.BERDO has been operating in the...

CCCI for special economic zone in Chittagong

2008-10-21 00:00:00

Our CorrespondentCHITTAGONG, Oct 20: Speakers, at a meeting on development of greater Chittagong, underscored the need for forming a coordination cell for ensuring effective development of the region.The members of Chittagong Chamber of Commerce and Industry (CCCI) were sharing opinion...

SEBL, BPO sign remittance distribution agreement

2008-10-21 00:00:00

From now on the Southeast Bank Limited (SEBL) will transfer money remitted by the expatriate Bangladeshis to their relatives in any destination in Bangladesh through the network of Bangladesh Post Office (BPO) quickly.In this connection, a remittance distribution agreement was...

Reduce NPL amount below three per cent, BASIC Bank MD asks officials

2008-10-21 00:00:00

FE ReportThe managing director of BASIC Bank Ltd has stressed the need for taking effective measures to reduce the non-performing loan (NPL) amount below three per cent and ensure regularisation of special mention account (SMA) so that no amount falls...

Beximco Pharma celebrates its partnership with cardiac care practitioners

2008-10-21 00:00:00

Beximco Pharmaceuticals Ltd (BPL), the leading edge pharmaceutical manufacturer and exporter of Bangladesh celebrated its age-long partnership with the leading cardiac practitioners through a scientific seminar held in the city.A total of 2000 physicians attended the seminar, a company statement...

corporatewatch

2008-10-21 00:00:00

Demat trading of Janata Ins opens on Nov 6As per decision of the Securities and Exchange Commission (SEC), the trading of the shares of Janata Insurance will be held through CDBL with effect from November 6, '08. In this respect,...

Poll finds high anxiety on US economy this month

2008-10-21 00:00:00

WASHINGTON, Oct 20 (AP): With little relief in sight, people are getting more anxious about the slumping economy and how it affects them.The share of people who believe the country is moving in the right direction has plunged in just...

Nothing unusual in North despite rumours: SKorea

2008-10-21 00:00:00

SEOUL, Oct 20 (AP): There was no unusual activity in North Korea Monday, South Korean officials said, despite reports that Pyongyang was poised to make an announcement amid speculation about the health of its leader, Kim Jong Il.The autocratic North...

Australian dads give kids six minutes a day: study

2008-10-21 00:00:00

SYDNEY, Oct 20 (AFP): Australian fathers spend only six minutes alone with their children on weekdays, according to new research which found that dads Down Under leave most child-raising chores to their female partners. In a study which also looked...

Zimbabwe opposition boycotts power-sharing talks

2008-10-21 00:00:00

MBABANE, Oct 20 (AFP): Zimbabwe opposition leader Morgan Tsvangirai boycotted regional talks Monday aimed at salvaging a troubled power-sharing deal after emergency travel documents were only delivered at the last minute.Tsvangirai had been due to meet in Swaziland's capital Mbabane...

Taleban kill Christian aid worker in Kabul

2008-10-21 00:00:00

KABUL, Oct 20 (AP): Taleban gunmen on a motorbike killed a Christian aid worker in the Afghan capital Monday, and the militant group said it had targeted the woman because she was proselytizing.The woman, a British national, worked with handicapped...

44 combatants killed in latest Lankan fighting

2008-10-21 00:00:00

COLOMBO, Oct 20 (AFP): At least 33 Sri Lankan government soldiers and 11 Tamil Tiger rebels have been killed in the latest heavy fighting in the north of the island, the defence ministry said Monday.Government forces also suffered at least...

Russia, India lay groundwork for nuke pact

2008-10-21 00:00:00

NEW DELHI, Oct 20 (AFP): Russia and India were Monday laying the groundwork for the signing of a civil nuclear energy deal, following New Delhi's signing of similar pacts with Washington and Paris, officials said. Russian Foreign Minister Sergei Lavrov...

news digest

2008-10-21 00:00:00

Jordan's king in Chile for first LatAm tour SANTIAGO, Oct 20: King Abdullah II arrived in Chile Sunday for the start of the Jordanian monarch's first-ever Latin American tour, which aims to broaden Amman's trade ties with the region. The...

Month-long Asian art show begins in city today

2008-10-21 00:00:00

FE ReportCurtain will be raised on the '13th Asian Art Biennale Bangladesh'- an international exhibition of visual art from different regions of the world in the capital city today (Tuesday).Chief Advisor Fakhruddin Ahmed is expected to inaugurate the event at...

Roads in Ctg in deplorable condition

2008-10-21 00:00:00

Our CorrespondentCHITTAGONG, October 20: Most roads of Chittagong city are busy thoroughfares on which thousands of vehicles move regularly. However, lack of maintenance and proper and timely repairs keep most of the roads in a deplorable condition. Even two months...

15 jute godowns gutted in fire in Faridpur

2008-10-21 00:00:00

Our CorrespondentFARIDPUR, Oct 20: At least 15 godowns of jute were gutted in separate devastating fires at Hat Krishnapur Bazar and Choddoroshi Bazar under Sadarpur Upazila Monday noon.The reasons of fire could not be known immediately.Sources said, the fire originated...

Govt takes agri scheme to combat Monga in N region

2008-10-21 00:00:00

RANGPUR, Oct 20 (UNB): The government has taken up a scheme to cultivate BRRI Dhan-33, a short duration variety of Aman paddy, in five districts to generate job opportunities for the Monga-stricken people of northern region district during off-season.The scheme...

Minor boy killed, 3 including DC, injured by DC’s jeep

2008-10-21 00:00:00

KISHOREGANJ, Oct 20 (UNB): A minor boy was killed and three others, including the Deputy Commissioner (DC) of the district, injured when the DC's vehicle hit the boy and tumbled into a ditch at Pathankandi under Sadar Upazila Monday.The deceased...

BR keen to connect Barisal city with Dhaka

2008-10-21 00:00:00

Bangladesh Railway (BR) has said they are keen to resurrect long dormant plans to link Barisal to the national rail network, reports bdnews24.com.BR initially sought to connect the divisional headquarters to the railway in the 1970s, although the partially implemented...

Chaturanga art show begins in city Oct 23

2008-10-21 00:00:00

Chaturanga, a women artists group, has organised its maiden painting show at Zainul Gallery at the Institute of Fine Arts, Dhaka University on October 23 at 5.00 pm in the city, said a press release.Eminent artist Mahmudul Haque will inagurate...