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Mumbai building collapse kills 24

2007-07-20 00:00:00

MUMBAI, India, 19 (AP): At least 24 people were killed and nine others injured when a seven-story building collapsed in Mumbai, officials said Thursday as rescue workers continued to dig through the rubble for survivors. At least 10 others were...

Voters in rebel Karabakh elect new president

2007-07-20 00:00:00

STEPANAKERT, Azerbaijan, July 19 (AFP): Voters went to the polls Thursday in Azerbaijan's breakaway region of Nagorny Karabakh to elect a new president for this isolated ethnic Armenian-controlled mountain enclave. Officials said they hoped the vote would shore up the...

IBBL branch managers urged to ensure prompt service

2007-07-20 00:00:00

FE ReportBranch managers of Islami Bank Bangladesh Limited (IBBL) have been urged to ensure prompt service through the application of advanced information technology (IT). Chairman of the executive committee of the bank Mominul Islam Patwary made the appeal while speaking...

B'baria handicraft industry on verge of extinction

2007-07-20 00:00:00

Our Correspondent BRAHMANBARIA, July 19: The cottage industry producing handicraft items in the district is on the verge of extinction due to abnormal hike in the prices of raw materials. The local artisans are finding it increasingly difficult to continue...

Square Hospital, Transcom sign corporate deal

2007-07-20 00:00:00

FE ReportSquare Hospitals Ltd (SHL) and Transcom Ltd (TL) have signed a corporate agreement recently, under which the Transcom employees and their dependents will get privileged coverage of health check-ups, medical consultations, diagnostic services, and outdoor and in-patient services at...

Reliance leads Indian shares to another record high

2007-07-20 00:00:00

MUMBAI, July 19 (Reuters): Indian shares rose to their 11th record high in 14 sessions Thursday, led by index heavyweights Reliance Industries and Infosys Technologies , but Wipro Ltd. fell on lower-than-expected earnings.The 30-issue BSE index was up 1.03 per...

Most Asian markets up

2007-07-20 00:00:00

HONG KONG, July 19 (AP): Most Asian markets rose Thursday, with Japanese stocks advancing as gains in shipping, steel, auto and consumer finance issues outweighed losses in power companies hurt by this week's strong earthquake.Hong Kong edged up as traders...

European stocks recover

2007-07-20 00:00:00

LONDON, July 19 (AFP): Europe's main stock markets rebounded Thursday in the wake of a recovery for Japanese share prices. London's FTSE 100 index of leading shares rose 0.91 per cent to 6,626.60 points in early afternoon trading.In Frankfurt the...

DBBL officials asked not to allow default culture

2007-07-20 00:00:00

FE ReportOfficials of Dutch-Bangla Bank Limited (DBBL) have been directed not to allow default culture in the bank and to remain very careful about such events. Managing Director of the bank Md Yeasin Ali gave the directive while presiding over...

NCC Bank opens another branch of Brokerage House

2007-07-20 00:00:00

FE ReportNCC Bank Brokerage House has opened its third branch at Dhanmondi in the city to provide investors with better services.Chairman of the bank Tofazzal Hossain formally inaugurated the new branch as the chief guest Thursday, said a press release....

CEMEX Cement holds technical seminar

2007-07-20 00:00:00

FE ReportOrganised by CEMEX Cement Bangladesh Ltd, a technical seminar titled 'Nirapod Nirman Tips' was held at a city restaurant recently, said a press release. About 220 masons were present at the programme. CEMEX Cement's technical team showed presentations on...

NAV of First BSRS Mutual Fund

2007-07-20 00:00:00

FE ReportThe net asset value (NAV) of First BSRS Mutual Fund has been declared.The NAV of the Fund stood at Tk 117.53 on the basis of cost price and Tk 284.86 on the basis of market price at the close...

corporatewatch

2007-07-20 00:00:00

Trading suspension for demat processSpot market trading and block/odd lot transactions of the shares of Atlas Bangladesh Limited will be settled as per spot settlement cycle Sunday (July 22) and trading of the shares will remain suspended between Monday (July...

New insurance laws approved

2007-07-20 00:00:00

The interim cabinet Wednesday approved, in principle, the Insurance Act 2007 and Insurance Regulatory Authority Act 2007 to discipline the Tk 30 billion insurance industries, reports bdnews24.com. "It will make the insurance rules contemporary," said a government statement. An Insurance...

Pubali Bank's pre-audit operating profit increases by 47pc

2007-07-20 00:00:00

FE ReportPubali Bank Ltd (PBL) has earned a pre-audit operating profit of Tk 1.47 billion (147 crore) during the first six months of 2007 as against Tk 1.00 billion in the corresponding period of 2006, registering a growth of 47...

Closure of Sirajganj Spinning, Cotton Mills makes 850 workers jobless

2007-07-20 00:00:00

Our CorrespondentSIRAJGANJ, July 19 : The closure of Sirajganj Spinning and Cotton Mills (SSCM) has left 850 workers jobless, and also deteriorated the socio-economic condition of the district, sources said. SSCM was established in 1966 on 22.5 acres of land...

IFIC Bank holds workshop on forex financing, risk management

2007-07-20 00:00:00

FE ReportInternational Finance Investment and Commerce (IFIC) Bank Ltd conducted a three-day workshop on 'Foreign Trade Financing and Foreign Exchange Risk Management' from July 15 at its training academy at the Chamber Building in the city. A total of 16...

Prime Bank Foundation launches Education Support Programme

2007-07-20 00:00:00

FE ReportPrime Bank Foundation is going to implement a project named Education Support Programme soon, under which the students will be provided with monthly stipends for persuasion of their graduation and post-graduation level studies in the country's public sector universities...

KP Int'l knitting industry starts operation at UEPZ

2007-07-20 00:00:00

RANGPUR, Jul 19 (BSS): An export-oriented and modern knitting industry of KP International went into production at Uttara Export Processing Zone (UEPZ) in Syedpur town of Nilphamari district from Wednesday, officials said.Chairman of the knitting industry Kawser Parveen formally switched...

Workshop on human resource management starts at ABTI

2007-07-20 00:00:00

FE ReportA workshop on 'Human Resource Management' and 'Management of Foreign Remittance and Customer Services' started at Agrani Bank Training Institute (ABTI) in the city Sunday.Managing Director (MD) and Chief Executive Officer (CEO) of Agrani Bank Syed Abu Naser Bukhtear...

Agri-equipment show at Tangail

2007-07-20 00:00:00

Our CorrespondentTANGAIL, Jul 19: A week-long agricultural equipment exhibition has begun at the Shaheed Smrity Pouro Udyan in the town. The exhibition has been jointly organised by the district administration and the district Agricultural Extension Department (DAE), Tangail. Deputy Commissioner...

Berger to organise competition for young artists

2007-07-20 00:00:00

FE ReportBerger Paints will organise an art competition, namely The 12th Berger Young Painters' Art Competition (BYPAC) later on this year, said a press release. To make this auspicious occasion more memorable, young artists have been urged to sent their...

Al-Arafah Islami Bank holds workshop on BASEL-II

2007-07-20 00:00:00

FE ReportAl-Arafah Islami Bank Ltd (AIBL) held a day-long workshop on 'Implementation of BASEL-II and Core Risk Management Guidelines' for its managers at AIBL Training and Research Academy in the city recently, said a press release.Managing Director MA Samad Sheikh...

BKB achieves success in Narsingdi

2007-07-20 00:00:00

NARSINGDI, July 19 (BSS)- Bangladesh Krishi Bank (BKB) Narsingdi region has attained a success in recovery of outstanding loan including its classified loans during the last fiscal, BKB sources said.The Bank realized Taka 75,33,31000, including classified loan Taka 13,25,30,000, through...

Comprehensive actions to protect people's health

2007-07-20 00:00:00

People were inspired by actions on food adulterers and the like by the mobile courts. But the actions have also led to people becoming acutely conscious about how massively they are being targeted by the adulterers. The anti-adulteration drive so...

A right step that needs follow-up supports

2007-07-20 00:00:00

Syed Ishtique RezaFINALLY the long-awaited Small and Medium Enterprise Foundation has been launched. Finance Adviser Mirza ABM Azizul Islam launched it last Tuesday in the presence of the country's front-ranking business leaders, policy planners and representatives of think tanks.Aziz said...

Getting benefits from information technology

2007-07-20 00:00:00

M. Saleem UllahUNLESS there is a huge hue and cry followed by deaths of some people in the hands of either the political, social goons or by the law-enforcing agencies, the people in power cannot see things even in front...

Arsenic filter offers hope to millions

2007-07-20 00:00:00

Jeffrey ThomasTHE winner of a prestigious engineering prize is working hard to ensure that needy communities around the world benefit from his invention, which removes arsenic and other impurities from water drawn from tube wells.Abul Hussam, a chemistry professor at...

Chasm between theory and practice

2007-07-20 00:00:00

IT is said when two economists meet and discuss some topical issues that concern their profession, they have three opinions. It is understandable. Economics is a social science and, thus, being not a natural science, cannot correlate cause and effect....

CG to score well on prices

2007-07-20 00:00:00

The interim caretaker government(CG) is seen to be doing many good things. From depoliticising the administration to taking tough actions against corrupt persons, it is doing a great deal and the same are considered to be in line with people's...