Bangladeshi company Sunman Industrial Corporation Limited will set up a home textile (weaving, dyeing) and related products manufacturing industry in the Ishwardi Export Processing Zone (EPZ), says a press release.This wholly local-owned company will invest about Tk 1.61 billion in...
EAC Industrial Ingredients Limited, a Danish multinational company, inaugurated its new corporate office in the city recently to focus on marketing, sales and distribution of industrial ingredients to manufacturing industries in the country.Danish Ambassador in Bangladesh Einar H Jensen inaugurated...
Jasim Uddin Haroon The country's aluminium industry has been facing a slump due to a sharp fall in the local demand, manufactures said Tuesday. They have cited slow growth in the country's construction sector as the main reason behind the...
Citi launched a pilot project of a new mobile person-to-person money transfer service with Obopay, a pioneering service provider for payments via mobile phones, to new and existing Citibank customers, says a press release. In addition to mobile, Citi is...
The SWIFT User Group in Bangladesh organised a workshop in the city recently with a view to introducing members with the new product features and modules of SWIFT, said a press release. Head of Indian Sub-continent SWIFT Arun Tiwari, Relationship...
FE ReportEastern Bank Limited (EBL) will sponsor members' directory of the Dhaka Sub-Editors Council (DSEC) with colour photograph and brief bio-data of the members. In this connection, a memorandum of understanding (MoU) was signed between EBL and DSEC at the...
Eagle Star recommends no dividend The board of directors of Eagle Star Textile Mills Limited has recommended no dividend for the year 2007-2008. The authorities of the company have not informed any other information in connection with the annual general...
The Prime Bank Foundation (PBF) through its Drishty Daan Project conducted a three-day eye camp at Taraganj Health Complex under Rangpur district between October 10 and October 12. The Prime Bank Limited arranged the camp through PBF as a part...
FE Report Dutch-Bangla Bank Limited (DBBL) opened its 52nd branch at Chowmuhani in Noakhali Wednesday with on-line banking facilities from the very beginning, said a press release. DBBL Managing Director Md Yeasin Ali inaugurated the new branch of the bank....
DUBAI, Oct 16: Emirates Airline has unveiled an exciting new offer in partnership with the fabulous Atlantis, the flagship resort and water park recently opened on Dubai's Palm Jumeirah, says a pres release.Passengers flying Emirates Airline's First Class or Business...
VIENNA, Oct. 16 (Xinhua): The crude oil demand for the Organization of the Petroleum Exporting Countries (OPEC) on the international crude market is forecasted to be 31.14 million barrels per day in 2009, 190,000 barrels lower than September forecast ,...
NEW DELHI, Oct 16 (PTI): India is seeking greater access to oil fields in Brazil as the energy-hungry nation looks at Latin America to meet its growing fuel needs. Petroleum Minister Murli Deora met visiting Brazilian Minister for Development, Industry...
Our CorrespondentCHITTAGONG, Oct 16: Prices of different kinds of vegetables and fishes have increased up to 10 to 20 per cent after the Eid-ul Fitr. Trading sources said, the prices of the same have been increased as the supply of...
NEW YORK, Oct 16: Citigroup Inc. reported recently third quarter revenues of US$16.70 billion, said a press release. However Citi reported a net loss for the 2008 third quarter of $2.80 billion, based on 5,342 million shares outstanding. Results included...
LOS ANGELES, Oct. 16 (Xinhua): Because of the deepening financial crisis, nearly one in five U.S. households has made steep spending cuts already, according to a report published Tuesday. The study also shows that two other broad groups of consumers...
TOKYO, Oct 16 (AFP): The euro tumbled against the dollar and yen in Asian trade today on mounting worries over Europe's economies and banking sector as well as the prospect of further rate cuts there, dealers sid. The euro fell...
LONDON/HONG KONG, Oct 16 (Reuters): The global financial crisis shifted gears Thursday with fears of recession battering financial markets even as governments sought yet more action to pull the world economy from the brink of collapse.European Union leaders, meeting in...
WASHINGTON, Oct 16 (AFP): The World Bank pledged yesterday to help Asian nations hit by financial turmoil but ruled out immediate prospects for a funding facility for Southeast Asia to cope with the current crisis. "We stand ready to support...
KUALA LUMPUR, Oct 16 (AFP): A leading Malaysian think tank today slashed its 2009 economic growth forecast for the country to 3.4 per cent and said there was a risk of recession if the US economy tumbles. The influential Malaysian...
WASHINGTON, Oct 16 (Reuters): Economic activity weakened across the United States in September as businesses revised capital investments, consumers curtailed spending and the general outlook darkened, the Federal Reserve said Wednesday."Economic activity weakened in September across all twelve Federal Reserve...
TORONTO, Oct 16 (Internet): While the United States reels from the global financial crisis, with credit markets still frozen and stock prices careening from highs to lows, Canada has remained relatively insulated.Canadian banks have not gone shaky like their American...
BEIJING, Oct 16 (AFP): A major annual export fair has opened in southern China amid gloom over slowing trade caused by the global economic crisis, state media reported today. The China Import and Export Fair in Guangzhou city opened yesterday...
CANBERRA, Oct 16 (PTI): Both India and Australia will have to make "adjustments" for reaching at a market-opening free trade agreement (FTA), a senior Australian official said here yesterday. "Trade liberalisation brings in more benefits to all. Some adjustments have...
A number of steps, including formulation of a traffic policy have been taken to ease the vehicular congestion in the city, Home Secretary Abdul Karim told newsmen Thursday, BSS reports.The home secretary was briefing journalists after a review meeting at...
FE Report The central bank provided overdraft (OD) worth US$12 million to a state-owned commercial bank (SCB) Thursday for settlement of its fertiliser import bills. "We've allowed the OD facility to the SCB against the government approved securities to settle...
Shipping Adviser Major General (retd) MA Matin has called upon the shipping experts to maintain quality and commitment to have success in the field, reports BSS."As such shipbuilding may become a thrust sector in Bangladesh in the near future, I...
Our CorrespondentRAJSHAHI, Oct 16: Speakers at a seminar on 'Role of International Investors for the Reform of Health Policy in Bangladesh' have laid emphasis on formulation of a pro-poor health policy. The seminar was organised by Campaign for Good Governance...
RAJSHAHI, Oct 16 (UNB): Betel-leaf growers in the district are frustrated as their new plantations are being infected by root-rotting disease.Growers said many small betel-leaf farms have already been totally damaged while hundred others are in danger of destruction due...
DU CorrespondentTransparency International Bangladesh (TIB) Chairman Muzaffer Ahmad Wednesday asked the government to launch an education TV channel in order to elevate the level of understanding of students of the country. "The country definitely needs an education-based TV channel as...
The government is going to introduce high-security driving licence with a point system so that drivers instead of transport owners could be punished for violation of any traffic rules, reports UNB.The new system is expected to reduce traffic jam and...
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