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228th Singer Plus Store inaugurated

2007-07-12 00:00:00

FE ReportSinger Bangladesh Limited has opened its 228th Singer Plus Store at Binodpur in Rajshahi as part of its commitment to offer quality products through chain stores across the country.Marketing Director of the company Sajidur Rahman Khan formally inaugurated the...

Most Asian markets decline, tracking Wall Street weakness

2007-07-12 00:00:00

HONG KONG, July 11 (AP): Most Asian markets fell Wednesday, tracking overnight weakness on Wall Street, with Japanese stocks declining for a second day while Hong Kong shares snapped a six-session rally.In Tokyo, the Nikkei 225 index dropped 203.16 points,...

Iran keen to recruit Bangladeshi manpower

2007-07-12 00:00:00

Iran is contemplating recruitment of unskilled, semi-skilled and professional manpower from Bangladesh, Foreign Adviser Iftekhar Ahmed Chowdhury said Wednesday, reports UNB."Iran is currently analysing our manpower potentials," he told reporters after a meeting with Iranian Ambassador Hassan Farazandeh at the...

Bata, CARE renew deal on Rural Sales Programme

2007-07-12 00:00:00

Iran is contemplating recruitment of unskilled, semi-skilled and professional manpower from Bangladesh, Foreign Adviser Iftekhar Ahmed Chowdhury said Wednesday, reports UNB."Iran is currently analysing our manpower potentials," he told reporters after a meeting with Iranian Ambassador Hassan Farazandeh at the...

European shares tumble further

2007-07-12 00:00:00

LONDON, July 11 (AFP): Europe's main stock markets dived lower Wednesday as fears about the troubled US housing sector reverberated across global equities, dealers said. London's FTSE 100 index of leading shares fell 0.52 per cent to 6,596.40 points, Frankfurt's...

NAV of ICB AMCL Islamic Mutual Fund

2007-07-12 00:00:00

FE ReportICB AMCL, a subsidiary of the Investment Corporation of Bangladesh (ICB), has declared the net asset value (NAV) of its Islamic Mutual Fund.The total NAV of the ICB AMCL Islamic Mutual Fund stood at Tk 11,91,08,553.26 on the basis...

Butterfly launches month-long programme on 20 years of operation

2007-07-12 00:00:00

FE ReportButterfly Marketing Limited (BML) has launched a month-long programme to celebrate its 20 years of marketing electronic home appliances.On the occasion the company is providing the customers with special concessions and prizes. In 1987 MA Mannan launched BML. Beginning...

City Bank rated A-, ST-3 by CRISL

2007-07-12 00:00:00

FE ReportThe City Bank Limited has been rated A Minus (A-) for long term and ST-3 in the short term for banking performance for the year-2006 by the Credit Rating Information and Services Limited (CRISL), according to a press release.

corporatewatch

2007-07-12 00:00:00

DSE suspends ISN tradingFor disseminating confusing information trading of the shares of Information Services Network Limited will remain suspended until further instruction. Response to DSE query Progressive Life Ins: In response to a DSE query, the authorities of Progressive Life...

Budget implementation within current deficit a major challenge for govt

2007-07-12 00:00:00

Proper implementation of the budget within its current deficit is a major challenge for the government, said Finance Adviser Mirza Azizul Islam, reports UNB."Like other developing countries, we've many challenges, but we're considering the high revenue collection target and implementation...

Skilled human resources 'essential for national development'

2007-07-12 00:00:00

FE ReportFederation of Bangladesh Chambers of Commerce and Industries (FBCCI) President Mir Nasir Hossain said the world is "open to all" and the country needs skilled and efficient people to take advantage of the global economy and to accelerate economic...

Random fishing endangers existence of coastal fish

2007-07-12 00:00:00

Our CorrespondentCHITTAGONG, Jul 11: Existence of coastal fish is under threat because of indiscriminate fishing and unchecked movement of fishing-trawlers in the Bay of Bengal.Although there are specific guidelines regarding catching fish in the Bay, regrettably these are hardly followed...

ICE Tech, Hungama Mobile sign partnership deal

2007-07-12 00:00:00

FE Report ICE Technologies and Services Limited, one the leading systems integrators in the telecommunications industry in the country, Tuesday signed a partnership agreement with Hungama Mobile for distributing mobile content of Bangladeshi music to global market.Hungama Mobile is currently...

Thai Airways offers discount to GP subscribers

2007-07-12 00:00:00

Grameenphone subscribers will enjoy special prices for 70 destinations of five continents on Thai Airways until September 30, 2007. An agreement has been signed between Grameenphone and Thai Airways in this connection recently, said a press release.Under the agreement, Grameenphone...

SRGB-organised training on SME banking ends

2007-07-12 00:00:00

FE ReportTraining workshops organised by SRG Bangladesh (SRGB)-a leading research and management consulting firm of the country on 'SME Banking Sales Skill' concluded recently, said a press release.It was a series of training workshop jointly sponsored by IFC-SEDF and BRAC...

3,199 workers, officials of People's Jute Mill terminated

2007-07-12 00:00:00

KHULNA, July 11 (UNB): Some 3,119 permanent workers and officials of the People's Jute Mill under Bangladesh Jute Mills Corporation (BJMC) at Khalishpur have been terminated.A fax message of BJMC in this connection was hung on the notice board of...

Pakistan mosque operation in final stage: Army

2007-07-12 00:00:00

ISLAMABAD, July 11 (AFP): An operation by Pakistani troops to flush out militants holed up in Islamabad's Red Mosque is in its "final stage" Wednesday, more than 24 hours after it began, the military said. Chief military spokesman Major General...

Militants kill 14 Philippine marines, behead 10

2007-07-12 00:00:00

BASILAN, (Philippines), July 11 (AFP): Islamic militants killed 14 Philippine marines searching for a kidnapped Italian priest during a gunbattle, and later beheaded 10 of them, marine spokesman Ariel Caculitan said Wednesday. "All 10 marines earlier reported missing have been...

SKorea expects shutdown of NKorea reactor within days

2007-07-12 00:00:00

SEOUL, July 11 (AFP): South Korea's foreign minister said Wednesday he expects North Korea to shut down its nuclear reactor within days, as soon as UN monitors and a fuel oil aid shipment arrive in the communist state. The North...

German hostage freed in Iraq

2007-07-12 00:00:00

BERLIN, July 11 (AFP): A German woman held hostage in Iraq since early February has been freed but her son remains in the hands of the kidnappers, Foreign Minister Frank-Walter Steinmeier said on Wednesday "Hannelore Krause's hostage ordeal has come...

Two billion rats are on march in central China

2007-07-12 00:00:00

BEIJING, July 11 (AFP): Two billion rats that have fled their flooded homes are on the march in central China, destroying farmland and posing a health risk to humans, state press reported Wednesday. The rats have spread out across 20...

Australian farmers urged to raise kangaroos, not sheep

2007-07-12 00:00:00

SYDNEY, July 11 (AFP): Australian farmers should rear kangaroos rather than sheep because they do less damage to the country's environment, according to a prominent ecologist. University of Sydney ecologist Chris Dickman believes much Australian farmland used for sheep or...

news digest

2007-07-12 00:00:00

Two killed as Thai PM visits troubled south NARATHIWAT, (Thailand), July 11: Suspected separatists have shot dead two people including a government official in Thailand's restive south, police said Wednesday, as the Thai premier began a two-day visit to the...

IMF looks for new chief amid search for relevance

2007-07-12 00:00:00

WASHINGTON, July 11 (AFP): As the International Monetary Fund (IMF) set in motion its search for a new chief, analysts said the multilateral organisation is struggling for credibility and needs a fresh perspective. On Tuesday, the European Union appeared to...

WB cites some progress in global corruption fight

2007-07-12 00:00:00

WASHINGTON, July 11 (AFP): A World Bank report released yesterday cited some progress in the global fight against corruption but warned that overall, problems with stability and poor governance remain entrenched in many regions. "We do not find that indicators,...

'China will work harder to reduce trade surplus'

2007-07-12 00:00:00

BEIJING, July 11 (AFP): China will work harder to cut the nation's fast-expanding trade surplus, the commerce ministry said today, a day after data showed the balance hit an all-time high in June. "We will continue to take measures to...

India's Infosys beats profit expectations but cuts forecast

2007-07-12 00:00:00

BANGALORE, July 11 (AFP): Indian software giant Infosys beat expectations with a 35-per cent jump in first-quarter profit today but cut its year forecast as a surging rupee hit the value of dollar-billed exports. Net income in the quarter ended...

Chile leads WB list for good governance in LatAm

2007-07-12 00:00:00

SANTIAGO, July 11 (Xinhua): Chile has been best governed among Latin American countries since 1996, said a World Bank report quoted by local media yesterday. The 2007 report "The Governance Matters," which examined the ten year period from 1996 to...

India, Russia to set up task force on trade

2007-07-12 00:00:00

MOSCOW, July 11 (PTI): India and Russia will set up a joint task force (JTF) to boost bilateral trade to a level of USD 10 billion by 2010 from the present USD 2 billion, a senior official of the Indian...

EU presses Sarkozy over economic policy

2007-07-12 00:00:00

BRUSSELS, July 11 (AFP): French President Nicolas Sarkozy came under EU pressure yesterday to keep reining in the French deficit after he warned more time might be needed to balance the books while Paris pushed through economic reforms. EU Economic...