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Tk 93.6m DBBL donation for modernisation of Ibrahim Cardiac Hospital

2007-07-18 00:00:00

FE Report As part of its corporate social responsibility (CSR), Dutch-Bangla Bank Ltd (DBBL) has donated a sum of Tk 93.6 million (Tk 9.36 crore) to Diabetic Association of Bangladesh (DAB) for equipping the Ibrahim Cardiac Hospital and Research Institute,...

ABC Footwear to use ScanCement

2007-07-18 00:00:00

FE ReportABC Footwear Industries Ltd. has chosen ScanCement exclusively for its construction project due to the latter's high and consistent quality, said a press release.ABC Footwear Industries Ltd. has decided to use ScanCement among all other brands available in the...

Delta Life's MD off to Luxemburg

2007-07-18 00:00:00

FE ReportDelta Life Insurance Company Managing Director Das Deba Prasad left the country for Luxemburg Monday to attend a workshop on 'Performance Indicators for Micro-insurance'. The workshop has been organised by ADA, the Belgium Raiffeisen Foundation (BRS) and the CGAP...

BCBL branch managers urged to maximise recovery of loans

2007-07-18 00:00:00

FE ReportThe half yearly branch managers' conference - 2007 of Bangladesh Commerce Bank Limited (BCBL) was held recently at the bank's training institute premises.BCBL Managing Director Mohammad Farhad Hossain presided over the conference, while its board of directors Chairman and...

Pioneer Ins becomes corporate client of Square Hospitals

2007-07-18 00:00:00

FE ReportPioneer Insurance Limited has become the corporate client of Square Hospitals Limited. In this connection, an agreement was signed between the two organisations in the city recently, said a press release. Director (Medical Services) of Square Hospitals Sanawar Hossain...

Most Asian markets advance

2007-07-18 00:00:00

HONG KONG, July 17 (AP): Most Asian markets advanced Tuesday as shares in Hong Kong gained and Taiwan stocks hit a new seven-year high. Japanese shares, meanwhile, slipped on concerns about the previous day's earthquake.JAKARTA: Indonesia shares rose, led by...

Walton opens showroom at Tarash Bazar

2007-07-18 00:00:00

FE ReportCountry's renowned electrical, electronics and automobiles brand Walton exposed its exclusive showroom Tajbir Electronics at Tarash Bazar Road in Sirajganj recently, said a press release. Brand Ambassador of Walton film actor Ilias Kanc-han inaugurated the showroom.Proprietor of Tajbir Electro-nics...

European shares fall

2007-07-18 00:00:00

LONDON, July 17 (AFP): Europe's main stock markets sank Tuesday, with the mining sector taking a hit from weak metals prices after a mixed overnight US showing. London's FTSE 100 index of leading shares dropped 0.82 per cent to 6,643.00...

corporatewatch

2007-07-18 00:00:00

Bangladesh Services AGM on Sep 3The 34th annual general meeting (AGM) of Bangladesh Services will be held at the Dhaka Sheraton Hotel on September 3, '07. The book-closure of the company will be ranged between August 16, '07 and September...

Republic Ins, CRAB sign agreement for credit rating

2007-07-18 00:00:00

FE ReportRepublic Insurance Company Limited. has signed an agreement with Credit Rating Agency of Bangladesh Limited (CRAB) for the credit rating of the company in the city recently, said a press release. Under the agreement, CRAB will provide rating services...

Defiant Pakistani militants blow up checkpoints

2007-07-18 00:00:00

MIRANSHAH, (Pakistan), July 17 (AFP): Pro-Taliban militants Tuesday rebuffed the Pakistani government's efforts to save a peace deal in a tense tribal area, and blew up two security checkpoints in a sign of defiance. Rebels handed out pamphlets from a...

Limiting population growth

2007-07-17 00:00:00

TWO contrasts can put focus on how serious is the overpopulated condition of Bangladesh. The United States of America (USA) is physically bigger than Bangladesh by at least fifty times. But it has a population of 294 million, a little...

Who to get performance medal?

2007-07-17 00:00:00

Qazi AzadAFTER a brief shower last Tuesday -- July 10, this scribe had to negotiate his way back home from his office through waters on some major roads in the Dhaka city, which were deep enough at some places for...

Costs and benefits of remittances

2007-07-17 00:00:00

Jamaluddin Ahmed FCA in the second of a three-part articleCOST of remittances are unpredictable. When remittance funds are spent on consumer goods, demand is increased, generating inflationary pressure and pushing up wages level. Flows thereof then result in little or...

Canada raises rate to six-year high

2007-07-17 00:00:00

Daina Lawrence in OttawaCANADA'S central bank raised its key interest rate last week amid growing concern about inflationary pressures and a soaring Canadian dollar, which is cutting into demand for exports and hurting manufacturers.The Bank of Canada raised the overnight...

Thoroughly unreliable

2007-07-17 00:00:00

The reformists in both the Awami League and the Bangladesh Nationalist Party were all with their party chiefs even after 1.11 until it became clear to them that corruption charges against the politically powerful would be pushed ahead for illegally...

Civil service reforms

2007-07-17 00:00:00

CIVIL servants in our country typically behave that they form a privileged group like the hereditary aristocracy. Most of them view their jobs as of a type they can carry on until their retirement time without suffering any penalty for...

EC's control over employees and general administration

2007-07-17 00:00:00

Masihur Rahman in the second of a three-part articleTHE distinction between the Election Commission and its Secretariat and to treat the latter as another Division or Ministry is wrong. The fact that the government appoints Secretary to the Commission has...

The poor need better contraception

2007-07-17 00:00:00

David Cronin from the HagueThe use of contraceptives in poor countries needs to be actively promoted, the Dutch minister for development assistance has said.Bert Koenders, who recently marked his first 100 days as member of the Dutch government, claimed that...

Pentagon calls a truce with march of globalisation

2007-07-17 00:00:00

Demetri Sevastopulo THE Pentagon is having to face a new set of challenges and opportunities as the defence industry heads along the path of globalisation.In crafting industrial policy, the Pentagon has to tread a difficult line between obtaining the best...

Pak, China trade to be increased by $15b in next five years

2007-07-17 00:00:00

ISLAMABAD, Jul 16 (APP): Bilateral trade between Pakistan and China would be increased to $15 billion in next five years, said Pakistan's Ambassador to China Salman Bashir yesterday. Talking to PTV the ambassador said trade between the two countries has...

Al-Arafah bank holds 27th branch managers' confce

2007-07-17 00:00:00

FE ReportAl-Arafah Islami Bank Ltd held its 27th branch managers' conference at a city hotel recently. Board of directors Chairman Md Anowar Hossain inaugurated the day-long programme as the chief guest. Managing Director MA Samad Sheikh presided over the conference...

Thailand rules out fixing exchange rate to slow baht's rise

2007-07-17 00:00:00

BANGKOK, July 16 (AFP): Thailand today ruled out returning to a fixed exchange rate to stop the baht's rise against the dollar but said the government was trying to stabilise the currency. "The current, flexible managed-float system is able to...

China's central bank to promote securitisation of credit assets

2007-07-17 00:00:00

BEIJING, July 16 (CEIS): Vice President Liu Shiyu of People's Bank of China (PBC), China's central bank, points out recently that China will go on promoting the work of asset-backed securities (ABS) on a trial basis, developing tools to transform...

Qatar wants Indonesia tax treaty legalised

2007-07-17 00:00:00

JAKARTA, July 16 (Xinhua): Qatar has asked Indonesia to ratify a tax treaty so it can continue a one billion US dollars infrastructure development fund it committed to Indonesia last year, local press said today. The Qatar Investment Authority committed...

Strike hits two SKorean auto firms

2007-07-17 00:00:00

SEOUL, July 16 (AFP): Workers at two South Korean auto companies staged labour stoppages today in support of a pay claim, company officials said. GM Daewoo Auto and Technology's 9,915-member union launched a two-hour strike from mid-morning, spokesman Lee Jong-Yong...

Newbridge, StanChart face heavy taxes in SKorea

2007-07-17 00:00:00

SEOUL, July 16 (AFP): South Korean tax authorities have sent bills totalling tens of millions of dollars to a US and a British financial group over the sale of a local bank, a newspaper said today. Tax officials are seeking...

New Zealand inflation data raises rate rise chances

2007-07-17 00:00:00

WELLINGTON, July 16 (AFP): New Zealand posted a higher than expected spike in prices for the June quarter, raising the likelihood of another rise in already very high interest rates, economists said today. The consumer price index (CPI) rose 1.0...

Swiss CEO of new Bangalore airport in race against time

2007-07-17 00:00:00

BANGALORE, July 16 (AFP): Swiss CEO Albert Brunner, whose nation takes pride in its clocks and watches, is racing against time to get a showpiece airport up and running in the hi-tech Indian city of Bangalore. April 2, 2008, is...

New Zealand considers Chinese workers for trade deal

2007-07-17 00:00:00

WELLINGTON, July 16 (AFP): New Zealand is prepared to consider increasing the number of Chinese workers in the country to help cement a better trade deal with Beijing, Trade Minister Phil Goff said. Goff told Television New Zealand at the...