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Tk 25m embankmentnearing completion in Gaibandha

2008-09-23 00:00:00

Our CorrespondentGAIBANDHA, Sept 22: The construction work of 4-km long embankment at Ratanpur, Singria and Katlamari areas under Fulchhari upazila in the district is nearing completion under the supervision of Bangladesh Army.Bangladesh Water Development Board (BWDB) is implementing the scheme...

World oil prices higher in Asian trade

2008-09-23 00:00:00

SINGAPORE, Sept 22 (AFP): World oil prices were higher in Asian trade today as investors reacted to moves by the US to help investment banks Goldman Sachs and Morgan Stanley survive a financial crisis that has shaken global markets, dealers...

Venezuela to buy Chinese combat planes: Chavez

2008-09-23 00:00:00

CARACAS, Sept 22 (AFP): Venezuela will buy combat and training aircraft from China this week, leftist Venezuela President Hugo Chavez confirmed in a television broadcast yesterday. The purchases will be made as part of a six-country tour, Chavez said in...

Microsoft to buy back $40b of stock

2008-09-23 00:00:00

REDMOND, Wash, Sept 22 (AP): Software giant Microsoft Corp. said Monday its board approved a plan to buy back up to another $40 billion of its shares.The program expires on Sept. 30, 2013. As of July 28, Redmond, Wash.-based Microsoft...

CarMax 2Q earnings plunge on weak vehicle sales

2008-09-23 00:00:00

RICHMOND, Va, Sept 22 (AP): Auto retailer CarMax Inc. said Monday its second-quarter earnings plunged 78 per cent as a weak economy and high gasoline prices eroded its sales.The Richmond, Va.-based company said earnings for the quarter ended Aug. 31...

Oil price windfall fuels $79b Iraq budget

2008-09-23 00:00:00

BAGHDAD, Sept 22 (AFP): Embattled Iraq will spend nearly 79 billion dollars on reconstruction, public utilities and welfare in 2009, a 58 per cent jump from this year, the government announced yesterday. Higher oil prices have swollen earnings from petroleum...

Malaysia to discuss re-pegging of ringgit: minister

2008-09-23 00:00:00

KUALA LUMPUR, Sept 22 (AFP): Malaysia's finance minister will decide after a briefing on Monday if the ringgit will be re- pegged, to reduce the impact of the weakening US dollar on the currency, a top minister said yesterday. Second...

DSE calls for avoidance of double taxation

2008-09-23 00:00:00

FE ReportDhaka Stock Exchange (DSE) has stressed the need for avoiding double taxation of listed companies to encourage non-listed companies to list on the exchange."The non listed companies will feel discouraged to go public with the existence of double taxation...

Call rate steady, dollar loses ground

2008-09-23 00:00:00

FE Report The inter-bank call money rate maintained steady level Monday due to adequate flow of cash in the market . The US dollar, however, lost ground against Bangladesh taka (BDT) in the inter-bank foreign exchange market because of sufficient...

StanChart poised to expand rapidly in Vietnam

2008-09-23 00:00:00

FE ReportStandard Chartered Bank is poised to grow rapidly in Vietnam after receiving confirmation of approval in principle to locally incorporate in the rapidly growing Southeast Asian economy.Speaking after a meeting with Vietnamese Prime Minister Nguyen Tan Dung in London,...

BRAC Bank, AIBL sign remittance, payment deal

2008-09-23 00:00:00

FE Report BRAC Bank Limited and Al-Arafah Islami Bank Limited (AIBL) recently signed an agreement on EL DORADO, an electronic Remittance and Payment System, said a press release. BRAC Bank Managing Director and Chief Executive Officer (CEO) AEA Muhaimen and...

EBL Bogra branch relocated

2008-09-23 00:00:00

FE Report Eastern Bank Limited (EBL) recently relocated its Bogra branch to Satani Mega Centre at Sherpur Road in the town for providing better service to its customers, said a press release. The branch at its new location has been...

BPC chairman off to Spain

2008-09-23 00:00:00

Chairman of Bangladesh Parjatan Corporation (BPC) Shafique Alam Mehdi left Dhaka Monday for Spain to attend the First Asian Tourism Congress-2008, says a press release.The congress will take place in Barcelona September 25-26 which will be attended by representatives from...

Combination of micro-finance with Waqf, Zakat can expedite poverty alleviation

2008-09-23 00:00:00

FE ReportMicro-finance, combined with Waqf, Sadaqah and Zakat, can bring diversity and dimension in poverty alleviation, which is not possible by the traditional micro credit only.Combination of micro-finance with Waqf, Sadaqah, Zakat, can bring dimension in poverty alleviationSpeakers said this...

Acute crisis of dollar in Rajshahi

2008-09-23 00:00:00

Our CorrespondentRAJSHAHI, Sept 22: An acute shortage of dollar has been prevailing in Rajshahi for about a month. Banning of dollar endorsement by the money changers has caused such a crisis of dollar. Hundreds of people of Rajshahi region willing...

Citi Microentrepreneurship Awards gets good response

2008-09-23 00:00:00

The Citi Microentrepreneurship Awards 2008 programme has received a good response and a large number of applications were received from all over Bangladesh, said a press release. Citi Foundation, an arm of Citigroup Inc. has launched the programme managed by...

TNT redesigns websites, launches new strap line 'sure we can'

2008-09-23 00:00:00

FE ReportTNT launched its new Express and Group websites, which will carry its new strap line 'sure we can' from Monday instead of ongoing slogan 'can do'. Over the next several months, TNT will start to apply 'sure we can'...

European stock markets steady

2008-09-23 00:00:00

LONDON, Sept 22 (AFP): European stock markets steadied Monday, after earlier gains in Asia, as investors hoped that the massive US rescue plan to relieve the financial system of toxic debt would end the global crisis.Frankfurt, London and Paris held...

Asian stock markets rise

2008-09-23 00:00:00

SYDNEY, Sept 22 (AFP): Asian share prices rose Monday on the back of the US government's rescue plan for the battered financial sector, with some markets also getting a sharp lift from domestic regulatory measures.But investor caution over the move...

Aftab new Asia Brand Congress Council member

2008-09-23 00:00:00

FE ReportCity Bank Vice-president (marketing and brand communications) Aftab Mahmud Khurshid has recently been nominated as international advisory council member of Asia Brand Congress-2008 from Bangladesh, said a press release. The Asia Brand Congress is represented by 60 countries. The...

Warid offers Zem prepaid connection at Tk 99

2008-09-23 00:00:00

Warid Telecom is offering Zem prepaid connection at Tk. 99 with Tk 50 welcome talk-time.All new Zem subscribers would also enjoy a 20 per cent special bonus talk-time for recharging their account first time after purchase of the connection. The...

N'ganj BSCIC estate exports Tk 92.40b knit items

2008-09-23 00:00:00

Hosiery Industrial Estate of Bangladesh Small and Cottage Industries Corporation (BSCIC) in Naraynganj has exported knitting products worth about Tk 92.40 billion in 2007-08 fiscal year, reports UNB.At the same time, 548 industries of the estate, established in 1999, also...

corporatewatch

2008-09-23 00:00:00

Fu Wang Food recommends 6pc cash dividendThe board of directors of Fu Wang Food has recommended 6.0 per cent cash dividend (for all shareholders other than sponsors) for the year 2007-2008. The annual general meeting (AGM) of the company will...

Pakistani forces fire at US choppers

2008-09-23 00:00:00

MIRANSHAH, (Pakistan), Sept 22 (AFP): Pakistani security forces opened fire at two US helicopter gunships which violated Pakistani airspace in a rugged tribal region bordering Afghanistan, local officials said Monday. The incident happened late on Sunday near Lwara Mundi village...

China toxic milk sickens 53,000 as scare spreads

2008-09-23 00:00:00

BEIJING, Sept 22 (AFP): China's tainted milk scandal spiralled into uncharted territory Monday as authorities said nearly 53,000 children had been sickened and more countries moved to ban or recall Chinese dairy imports. In a dramatic update of previous figures,...

Iran moves closer to nuke weapons capacity

2008-09-23 00:00:00

VIENNA, (Austria), Sept 22 (AFP): Two years? One? Even less? Opinions differ on how close Iran may be to being able to develop a nuclear weapon, but concerned governments and experts agree the time to stop Tehran is growing short...

Ruling party picks outspoken Aso to be Japan PM

2008-09-23 00:00:00

TOKYO, Sept 22 (Reuters): Outspoken nationalist Taro Aso, an advocate of spending and tax cuts to boost the economy, won the race on Monday to become Japan's next prime minister and swiftly set his sights on an election expected within...

Poll shows gap between blacks and whites over racial discrimination

2008-09-23 00:00:00

WASHINGTON, Sept 22 (AP): Since the nation's birth, Americans have discussed race and avoided it, organized neighborhoods and political movements around it, and used it to divide and hurt people even as relations have improved dramatically since the days of...

Nepal cuts 'living goddess' funding

2008-09-23 00:00:00

KATHMANDU, Sept 22 (AFP): Budget cuts to a Nepali festival celebrating a "living goddess" have sparked protests and prompted charges that the new Maoist government intends to launch a cultural revolution. For centuries, Nepal's kings received blessings from Kumari, a...

news digest

2008-09-23 00:00:00

Thirteen newborns die in Turkish hospital ANKARA, Sept 22: Thirteen newborn babies died in 24 hours at a state hospital in the western Turkish city of Izmir and an investigation was underway, a senior official told the Anatolia news agency...