NEW DELHI, Sept 23 (AFP): Indian companies building badly needed infrastructure, seen as key to economic growth, can now borrow more abroad, the government announced, to counter a domestic borrowing crunch. Firms working to improve dilapidated roads, gas, ports and...
SINGAPORE, Sept 23 (AFP): The government of Singapore Investment Corporation (GIC), one of the world's largest sovereign wealth funds, said today its nominal annual rate of return over the past 20 years was 7.8 per cent in US dollar terms....
SINGAPORE, Sept 23 (AFP): Crude oil traded lower in Asia today after the benchmark New York futures contract soared more than 16 dollars for its biggest one-day gain ever. The massive price surge stemmed partly from hopes that a US...
NAIROBI, Sept. 23 (Xinhua): International aid agency Oxfam yesterday called on world leaders to redouble their efforts to fight the impact of rising food and fuel prices, which it said are eroding real gains in poverty reduction. Oxfam said in...
SINGAPORE, Sept 23 (AFP): The dollar traded mixed today but remained volatile as traders waited for more details on a US government plan to buy mortgage-related assets at the root of a global financial crisis, dealers said. The greenback eased...
KATHMANDU, Sept 23 (PTI): To explore hydro power cooperation between India and Nepal, Minister of State for Commerce and Power Jairam Ramesh along with a 60 member delegation will participate in a two day power summit beginning today. The Third...
Our CorrespondentFARIDPUR, Sept 23: There has been no adverse effect of Ramadan on the rural markets in the district of Faridpur. The price of the essential commodities has not increased during the month, rather, in some cases, the price has...
BEIJING, Sept.23 (Xinhua): Chinese businessmen's expectation for price rises moderates, but export order confidence index continues to retreat, according to a survey by the central bank. The survey involving 5,000 enterprises shows that the indices for overall production material price,...
DUBAI, Sept 23 (PTI): A Dubai-based real estate developer has announced to create, own and operate a 10.5 hectare ultra luxury resort on a man-made island, 14 km from the Dubai coastline. To be built at a cost of USD...
Mushir AhmedNew Biman managing director Air commodore Zahed Quddus said he wants to enhance the national carrier's image and make it profitable "as soon as possible"."Let me do the studies first. But what I can tell you is that my...
FE Report A term loan agreement for Tk 100 million (10 crore) was signed between Midas Financing Limited and LankaBangla Securities Limited in the city recently, said a press release.As per the agreement, Midas Financing will disburse the loan to...
FE ReportFoodex Japan 2009, the largest food and beverage exhibition in Asia and Pacific region will be held between March 3 and 6, 2009 at Makuhari Messe, Chiba in Japan and a pavilion, called 'JETRO Zone' will also be arranged...
Our CorrespondentNILPHAMARI, Sept 23: There prevails a huge demand of Boropukuria fly ash in the cement factories across the country, but prolonged delay in formulating the modalities to sell it frustrated them. The government is also losing revenue worth nearly...
FE ReportBangladesh's leading insurance expert Nasir A Choudhury celebrates 50 years of his service in insurance industry today (Wednesday). Mr. Choudhury, presently the managing director and CEO of the Green Delta Insurance Company Ltd (GDIC) started his career on this...
The eighth annual general meeting (AGM) of Prime Islami Life Insurance Limited has approved 20 per cent stock dividend.The AGM was held in the city recently. Chairman of the company MA Wahhab presided over the meeting, said a press release....
Janata Bank Limited has appointed four private agents for recovery of bad loans.The companies are Speed Services Limited, Multipromotional Services Limited, The Peoples Development Services Corporation Limited and Waso Engineers and Consultant (BD) Limited.In this connection, agreements were signed between...
FE Report The inter-bank call money rate eased slightly Tuesday despite withdrawal of a large amount of cash through reverse repurchase agreement (repo). The US dollar, on the other hand, gained ground against Bangladesh taka (BDT) in the inter-bank foreign...
FE ReportPadma Islami Life Insurance Ltd held its 8th annual general meeting (AGM) at the company's head office in the city recently. The meeting approved the minutes of the last 7th AGM and expressed satisfaction at the success of the...
Our CorrespondentCHITTAGONG, Sept 23: With a view to ensuring social accountability at different industrial organisations, a 2-day awareness training workshop on social compliance' began at Chittagong Chamber auditorium today. Chittagong Chamber of Commerce and Industry (CCCI) and Bangladesh Standards and...
HONG KONG, Sept 23 (AP): Asian stock markets retreated Tuesday amid widening fears that a US plan to rescue financial companies from bad mortgage debt would do little to prevent a world economic slowdown.Hong Kong shares led the region's declines,...
United Airways Bangladesh Limited will launch its maiden international passenger flight today (Wednesday), reports UNB.The first international flight of the airline is scheduled to take off from Dhaka for Kolkata with a 37-seat Dash 8-100, which is a Canadian aircraft...
SEC approves Square Tex paid-up capital increase proposalThe authorities of Square Textile have stated that the Securities and Exchange Commission (SEC) has given consent to increase paid-up capital of the company through issuance of 1,15,00,000 ordinary shares of Tk 10...
ISLAMABAD, (Pakistan), Sept 23 (AFP): An army spokesman says security forces backed by helicopter gunships and artillery have killed more than 50 suspected militants in volatile northwest Pakistan. Maj. Murad Khan says the clashes since Monday also killed a soldier.He...
TBILISI, (Georgia), Sept 23 (AFP): A Georgian Interior Ministry spokesman says Georgian forces have shot down a Russian drone near the breakaway province of South Ossetia. Shota Utiashvili says the pilotless aicraft was shot down by Georgian police officers Monday...
HONG KONG, Sept 23 (Reuters): A typhoon was gathering strength in the South China Sea Tuesday and heading toward Hong Kong after killing three people in the northern Philippines and trapping 13 people in a gold mine. The Hong Kong...
WASHINGTON, Sept 23 (AP): Barack Obama's support from backers of Hillary Rodham Clinton is stuck smack where it was in June, a poll showed Tuesday, a stunning lack of progress that is weakening him with members of the Democratic Party...
GUWAHATI, India, Sept 23 (Reuters): At least 15 Indian train robbers looking to steal diesel from a freight carriage died Saturday after inhaling poison gas stored in another tank they accidentally broke open, police said. A police patrol party said...
BEIJING, Sept 23 (Reuters): China urged "flexibility" in the North Korean nuclear dispute Tuesday, avoiding harsh words a day after Pyongyang made fresh moves toward possibly restarting a nuclear complex at the heart of the dispute. Monday, North Korea asked...
Three of 150 Afghan hostages freedHERAT, (Afghanistan), Sept 23: Suspected Taliban militants have freed three of the more than 150 labourers abducted in southwestern Afghanistan at the weekend, a government spokesman said Tuesday. Authorities have accused the Taliban of kidnapping...
NEW YORK, Sept 23 (UNB): Chief Adviser Fakhruddin Ahmed reiterated Monday Bangladesh's firm commitment to further strengthening its support and cooperation for the development of Africa.The head of the caretaker government made the remarks while intervening the second high-level roundtable...
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