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Citibank, UCBL sign correspondent deal

2007-08-17 00:00:00

FE Report Citibank, NA Bangladesh and United Commercial Bank Limited (UCBL) has recently signed a correspondent banking agreement, which will enable Citibanik to expand its distribution channel in the country. The agreement will facilitate transactions of the valued clients of...

Moneylenders fleece village people in B'baria

2007-08-17 00:00:00

Our CorrespondentBRAHMANBARIA, Aug 16: Money lenders have been fleecing the share croppers and marginal farmers at remote villages under Sarail and Sadar Upazilas by charging abnormally high rate of interest against loan money.Share croppers of village Chaturpur under Merashani Union...

Eastern Bank opens ATM booth in city

2007-08-17 00:00:00

FE ReportEastern Bank Limited (EBL) opened another ATM booth at Concord Arcadia Shopping Mall in the city's Dhanmondi area Thursday.EBL Managing Director (CC) Ali Reza Iftekhar inaugurated the ATM booth.The EBL MD, in his inaugural speech, said: "We have a...

Lighthouse Group signs accord with Bashundhara

2007-08-17 00:00:00

FE Report Lighthouse Group and Bashundhara Group signed a business promotion agreement at the BAPL Convention Centre in the city recently.Lighthouse Group President Akbauddin Ahmad and Bashundhara Group Executive Director Mustafizur Rahman signed the agreement on behalf of their respective...

Square Hospital, Dhaka Bank sign corporate deal

2007-08-17 00:00:00

FE ReportSquare Hospitals Ltd (SHL) and Dhaka Bank Ltd (DBL) have recently signed a corporate agreement under which all employees of DBL and their dependants will get privileged coverage of health check-up, medical consultation, diagnostic services and outdoor and in-patient...

Prime Islami Life Ins holds seminar in Sylhet

2007-08-17 00:00:00

FE ReportPrime Islami Life Insurance held divisional seminar at a local hotel in Sylhet Tuesday.Sylhet central mosque Khatib and Central Shariah Council President and Executive Chairman MA Khalek was present on the occasion the chief guest.Executive Chairman of the company...

Nokia's set launching programme concludes in city

2007-08-17 00:00:00

FE ReportNokia Bangladesh organised the grand finale of the launching programme of five phones, two classic devices and a premium handset at a city hotel Thursday.The programme began on August 5 at Bogra. The phones launched through the programme are...

Meghna Life Ins holds Shariah Council meet

2007-08-17 00:00:00

FE ReportA meeting of Shariah Council of Islami Bima (Takaful) of Meghna Life Insurance Company Ltd was held in the city recently.Shariah Council Chairman and Khatib of Baitul Mukarram National Mosque Obaidul Hoque presided over the meeting.The meeting was attended...

corporatewatch

2007-08-17 00:00:00

Purchase/ sale of director's sharesIbn Sina: Md Tajul Islam Majumder, one of the sponsors/directors of Ibn Sina Hospital Limited, has stated that he has completed his sale of 450 shares of the company at current market price through stock exchange.Mutual...

Ctg businesses for immediate automation in taxation system

2007-08-17 00:00:00

Our CorrespondentCHITTAGONG, Aug 16: Exporters and importers here called at Chittagong Customs House (CCH) for immediate introduction of automation in taxation system and described it as a time-befitting measure. Such was the reaction of businessmen attending a meeting on the...

Bank Asia holds foundation course for MTs, POs

2007-08-17 00:00:00

FE ReportBank Asia Limited held a certificate distribution programme of the foundation course for the fourth batch of management trainees (MTs) and the first batch of probationary officers (POs) of the bank in the city recently, said a press release.President...

BSFF holds meet to stimulate exchange of information on fish export

2007-08-17 00:00:00

FE ReportBangladesh Shrimp and Fish Foundation (BSFF) organised a meeting with Bangladesh Ambassador to the US Humayan Kabir in the city recently to stimulate exchange of information in respect of various non-tariff trade barriers for shrimp and fish export from...

Islami Bank, CDBL sign Mudaraba bond deal

2007-08-17 00:00:00

FE Report Islami Bank Bangladesh Limited (IBBL) and Central Depository Bangladesh Limited (CDBL) signed an agreement on Mudaraba Perpetual Bond at the IBBL head office in the city Wednesday. IBBL Executive President Md Fariduddin Ahmed and CDBL Managing Director MH...

Agreement signed: Customers can buy Samsung products from Singer outlets

2007-08-17 00:00:00

FE ReportSamsung, an electronic products manufacturer has appointed another renowned brand manufacturer, Singer, to market its products through the retail outlets of the latter in Bangladesh.An agreement to this effect was signed between president and Chief Executive Officer (CEO) of...

GP opens medical camp

2007-08-17 00:00:00

FE ReportGrameenphone (GP) Tuesday opened a medical camp near Kazipur Nouka Ghat of Sirajganj town for helping the local flood-affected people.More than 2,000 people received free treatment and medicines for various waterborne diseases and other common post-flood diseases on the...

Emirates accelerates road-show blitz ahead of route launching

2007-08-17 00:00:00

FE Report Emirates Airline is powering up for a transcontinental road-show blitz to support a flurry of route launches across the world, beginning with the Newcastle service on September 01.From Ahmedabad in India to Sao Paulo in Brazil, Emirates is...

JB launches post-flood agri credit programme

2007-08-17 00:00:00

FE ReportJanata bank (JB) has taken a massive post-flood agri credit programme for the rehabilitation of the flood-affected farmers. The main objectives of the programme are - providing new agri credit to the flood-affected borrowers by rescheduling their loans, disbursing...

Affordable food prices and food security

2007-08-17 00:00:00

THE prices of basic foods, ata (wheat flour) and rice, are now so high that these are considered to be unprecedented. The soaring high prices of foodgrains would not have been a cause of so much concern had there been...

When quackery takes a toll in human life

2007-08-17 00:00:00

Enayet RasulA female aged about 40 years died in a so-called private hospital located in the old part of Dhaka city recently. It would be counted as routine death but for the fact that the relatives of the deceased seemed...

Life beginning at 60 for the Indian economy?

2007-08-17 00:00:00

Amartya SenPABLO Picasso once remarked: "One starts to get young at the age of 60." Something rather like that seems to be happening to India right now, at least on the economic front. There is much more sign of life...

Recasting coal policy

2007-08-17 00:00:00

Ataur RahmanAS it happens with the spread of education in any nation, the government in this country is no longer the sole reservoir of wisdom on the state matters. It is simultaneously a challenge and an enormous advantage for the...

The burden of tax on middle income groups

2007-08-17 00:00:00

THE National Board of Revenue (NBR) has recently imposed 10% annual income tax on the interest of all types of savings certificates as a measure to strengthen and broaden its tax net. As citizens of a country yet to become...

Secularism misunderstood

2007-08-17 00:00:00

SECULARISM is a widely acclaimed virtue. But it is hardly understood by most of the people who preach or propagate it. The purpose of secularism is peaceful co-existence with mutual respect. The very ideal presupposes that no religious group would...

Strategic urban planning must for sustainable growth

2007-08-17 00:00:00

FE Report Strategic urban planning is urgently needed for Dhaka to promote environmentally sustainable growth of the country as well as of the capital city, according to the World Bank (WB). "Greater Dhaka currently represents more than 40 per cent...

Information Ministry donates Tk 9,82,722 for flood victims

2007-08-17 00:00:00

Officials and employees of Information Ministry and its 12 departments/organisations have donated their one-day's salary for the flood victims, reports UNB. Information Adviser Mainul Hosein Thursday handed over a cheque for Tk 9,82,722 to Chief Adviser Fakhruddin Ahmed.Information Secretary M...

APUB for review of proposed ordinance '07

2007-08-17 00:00:00

DU CorrespondentThe Association of Private Universities of Bangladesh (APUB) has asked the government to review the proposed 'Private University Ordinance 2007' 'as it will breach the autonomy of the private universities. Members of the association at a view-exchanging meeting at...

Clarification

2007-08-17 00:00:00

Dermot A Jennings, General Manager of the PSI firm, Cotecna Inspection SA clarified a news item under the heading 'NBR to take action against PSI co for wrong price certification' published in the FE on August 14. In the clarification,...

Korea's assistance for flood victims

2007-08-17 00:00:00

FE ReportThe Korean government has made a donation of $200,000 as an emergency relief to the Bangladesh government in an attempt to help and contribute to the latter's effort to alleviate the plight of the flood victims.The Korean community in...

Appeal to help for treatment of breast cancer

2007-08-17 00:00:00

FE ReportAnowara Khatun has been suffering from breast cancer and undergoing treatment at the Kolkata Thakurpukur Cancer Centre Welfare Home and Research Institute in India since 30-10-2006. Her Regd. No. 065808 of the hospital.She is wife of Monir Hossain, an...

Death anniversary

2007-08-17 00:00:00

The first death anniversary of late professor Bazlur Rahman Khan will be observed today (Friday).Khan served the departments of History, Archaeology and International Relations in the Jahangirnagar University. A milad mahfil has been arranged at his residence. Relatives, friends and...