FE ReportManaging director of Green Delta Insurance Company Wednesday said the local insurance sector is not yet matured enough to attract foreign owned insurance entities in the country. "This sector is not enough matured for attracting foreign investment," Nasir A...
Kayes M SohelThe market is not ready for collecting IPO (initial public offering) refund warrants through Depository Participants (DPs) as their capacity remained poor in the present context.The observation came at the final meeting held recently of the 10-member committee...
FE ReportSpeakers at a consultation underscored the need for setting up a task force to examine and make policy recommendations to shore up training opportunities in hospitality industry in Bangladesh. They also called for recognition of the industry as a...
Central Depository Bangladesh Ltd (CDBL) will work for dematerialisation (demat) of the shares of National Housing Finance and Investments Ltd.An agreement was signed in this connection in the city Monday. National Housing Managing Director Abdur Rab and CEO of CDBL...
The news-report on Standard Chartered carried by a local TV channel on 22nd September was factually incorrect, said a press release of the bank.The report was related to a repossession of a vehicle from a defaulting client and it also...
FE ReportLeaders of the major Asian forum of cooperative organizations Wednesday suggested that Bangladesh government should improve regulatory frameworks and prevent politicization to make cooperatives truly operative.'Misconception and politicizations damaged potentials in cooperatives in some countries but cooperatives are most...
FE Report The inter-bank call money rate gained ground Wednesday despite injection of fresh cash through reverse repurchase agreement (repo). US dollar, on the other hand, remained unchanged against Bangladesh taka (BDT) in the inter-bank foreign exchange market due to...
FE Report Mercantile Bank Limited (MBL) signed an agreement with United Arab Emirates (UAE) company Economic Exchange Centre in Dubai recently, said a press release. MBL Senior Executive Vice-president MA Yousuf Khan and Economic Exchange Centre General Manager Bharat Undavia...
PARIS, Sept 24: Sanofi-aventis has ranked among the seven top rated pharmaceutical companies in the Dow Jones Sustainability World Index (DJSI World), an internationally renowned sustainability index and the largest in terms of capital investment, according to a press release...
Mr Kaiser Tamiz Amin has been appointed deputy managing director (DMD) of Dhaka Bank Limited, said a press release.Prior to joining Dhaka Bank, Mr Amin was DMD of BRAC Bank Limited. Mr Amin started his banking career as a management...
FE ReportGrameenphone (GP), the country's largest mobile phone company, entered into a deal with the postal department on Wednesday to market its products and services through more than 8,000 rural post offices.Chief Executive Officer (CEO) of Grameenphone Anders Jensen and...
RB Group, the sole distributor of Walton motorcycles, has introduced fuel saving technology in its motorbikes."The technology will reduce fuel cost by at least 25 per cent and a motorbike can run 70-75 km by consuming one litre of octane...
AGMsApex Spinning: The authorities of Apex Spinning have stated that the 17th annual general meeting (AGM) of the company will be held at the Hall Room of National Shooting Federation, Gulshan-1, in the city at 9am on October 16, '08....
ISLAMABAD, Sept 24 (AP): Pakistani army said Wednesday it found the wreckage of a suspected United States (US) spy plane near the Afghan border, but denied claims that it had been shot down. The incident comes amid strained ties between...
VIENNA, Austria, Sept 24 (AP): North Korea plans to start reinserting some of the plutonium-producing nuclear material into its Yongbyon reactor within a week, the chief UN nuclear inspector said Wednesday. The move is a further sign that the North...
NEW YORK, Sept 24 (AFP): United States (US) President George W Bush and Palestinian president Mahmud Abbas meet Thursday to assess Middle East peace efforts that are not expected to yield a hoped-for breakthrough by year's end. Bush, the first...
UNITED NATIONS, Sept 24 (AP): Afghanistan's president, who addresses the UN General Assembly Wednesday, is urging the next American leader to send money, planes and equipment to strengthen the Afghan army. Either Democrat Barack Obama or Republican John McCain will...
TOKYO, Sept 24 (AP): Outspoken conservative Taro Aso took power as Japan's prime minister Wednesday after he overcame opposition forces in a split parliament, tasked with rejuvenating the ailing ruling party ahead of elections.Aso was chosen as president of the...
China launches third space mission today JIUQUAN, China, Sept 24: China's third manned space mission, which will include the country's first space walk, will blast off late Thursday, a senior official confirmed. The Shenzhou VII spacecraft carrying three astronauts will...
Bangladesh Captain Mohammad Ashraful has brushed aside allegations that he pulled the strings behind the scenes to get eight top cricketers to join the breakaway Indian Cricket League (ICL), reports bdnews24.com.He, however, admits being the first man to have been...
Sri Lanka Cricket has revised its stance on ICL cricketers playing domestic cricket after a meeting with the sports minister Gamini Lokuge. The board clarified that the approval, given by the interim committee, to ICL players last week to play...
Haroon Lorgat, the ICC's chief executive, says that cricket's governing body will not sacrifice bilateral cricket for Twenty20 leagues and try to regulate the latest format to ensure that, reports Cricinfo. "All these tournaments are springing up and what we...
Holders Dhaka Abahani Limited registered their second win in the Citycell 2nd B League beating Chittagong Mohammedan by 2-0 goals at the Bangabandhu National Stadium in the city Wednesday, reports UNB.Striker Zahid Hasan Emily and Nigerian recruit Emeka Christian Ibe...
WELLINGTON, Sep 24 (Reuters): A nagging hamstring injury has forced New Zealand paceman Chris Martin out of next month's one-day international series in Bangladesh.New Zealand Cricket general manager Lindsay Crocker said Martin had injured himself playing county cricket in England...
Uro Famous Club played to a 1-1 draw with Gazirchat SC in the day's only match of the Second Division Football League at the Bir Shreshtho Shaheed Sepoy Mohammad Mostafa Kamal Stadium at Kamalapur in the city Wednesday, reports UNB.Sohag...
Visiting GP-BCB National Cricket Academy team face Sri Lanka Cricket Academy team in the 3rd and final match of the one-day series at the NCC ground in Colombo today (Thursday), reports UNB.Earlier, in the first one-day match on Sunday, the...
President Iajuddin Ahmed has called upon all concerned to extend their all out cooperation in further expansion of country's specialised textile mills and power-loom sector, reports UNB.The President made the call during a meeting with a 12-member delegation of Bangladesh...
DU CorrespondentBazaar Information and Development (BID), a financial news media of the country, will launch its web-based real-time financial information service, Dhakabiz.com, next month.The website will present live rates of foreign currencies, call money and different commodities around the world,...
A Business Reporters' Network (BRN) was formed in Jessore Tuesday to help the media and the enterprises understand business issues better. Thirty correspondents of national print and electronic media and reporters of local dailies interested in business journalism have joined...
Speaker Jamir Uddin Sircar Wednesday said all should remain cautious about any conspiracy against the next general election, reports UNB.Welcoming the announcement of the election date by Chief Adviser (CA) Fakhruddin Ahmed, he said despite the announcement that election would...
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