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Yen hits record low against euro in Asia

2007-07-10 00:00:00

TOKYO, July 9 (AFP): The yen dropped to a record low against the euro in Asian trade today, failing to draw strength from a stronger- than-expected report on Japanese machinery orders, dealers said. They said the Japanese currency continued to...

Workshop for bankers on 'Core-Risk Management' held

2007-07-10 00:00:00

RANGPUR, July 9 (BSS): A daylong workshop on 'Core-Risk Management' for the officials of Pubali Bank Ltd (PBL) was held at its Rangpur Regional Office conference hall here Saturday.Chaired by Rangpur Regional Chief and Deputy General Manager of PBL Abu...

Beijing in billboard crackdown as Olympics approach

2007-07-10 00:00:00

BEIJING, July 9 (AFP): Beijing has launched a blitz on billboards promoting luxury lifestyles to tone down the city's image before next year's Olympics-and remind visitors it is the capital of a communist country. Board by board, workers are pulling...

Prime Islami Life Ins officials asked to follow Shariah principles

2007-07-10 00:00:00

Our CorrespondentKHULNA, Jul 9: Adviser of Prime Islami Life Insurance Ltd MA Khaleque has urged the officials of the company to perform business activities following the Shariah principles.He was speaking as the chief guest at the opening ceremony of Khulna,...

Oil prices weaker in Asian trade

2007-07-10 00:00:00

SINGAPORE, July 9 (AFP): Oil prices were lower in Asian trade today on profit-taking but US gasoline (petrol) supply concerns were expected to limit the declines, dealers said. Worries over heightened civil unrest in Nigeria, Africa's largest producer, should also...

Workshop for bankers on 'Core-Risk Management' held

2007-07-10 00:00:00

RANGPUR, July 9 (BSS): A daylong workshop on 'Core-Risk Management' for the officials of Pubali Bank Ltd (PBL) was held at its Rangpur Regional Office conference hall here Saturday.Chaired by Rangpur Regional Chief and Deputy General Manager of PBL Abu...

Depot owners fined for keeping rotten fishes in Faridpur

2007-07-10 00:00:00

FARIDPUR, July 9 (UNB): A mobile court fined the owners of a fish depot Tk 10,000 for keeping rotten fish in their depot at Haji Shariatullah Bazar, on the outskirts of the town, Monday morning.The court, led by Magistrate SM...

Saudi in ammonia venture with Korea's Samsung

2007-07-10 00:00:00

RIYADH, July 9 (AFP): State-owned Saudi Arabian Mining Co (Maaden) said yesterday it had reached a deal with South Korea's Samsung Engineering for a 960-million-dollar ammonia plant for fertilizer. Maaden said construction of the 3,300 tonne-a-day plant on the Gulf...

Flat duty on lubricants import 'to hit farms, transports'

2007-07-10 00:00:00

Importers have warned that the imposition of a flat duty on all grades of lubricants will throw a wrench into the business and hit agriculture and transport sectors hard, reports bdnews24.com. The interim administration has imposed a uniform specific duty...

DCCI wins 2007 World Chambers Competition Award

2007-07-10 00:00:00

FE ReportThe Dhaka Chamber of Commerce and Industry (DCCI) has won the '2007 World Chambers Competition Award' in best skills development programme category. The award is jointly awarded by World Chambers Federation (WCF), International Chamber of Commerce's (ICC) specialised division...

DBBL approves half-yearly unaudited financial statements

2007-07-10 00:00:00

FE ReportThe 74th board meeting of Dutch-Bangla Bank Ltd (DBBL) has approved its half-yearly unaudited financial statements-2007.The meeting was held at the bank's head office in the city Sunday, said a press release.Chairman of DBBL board of directors Abul Hasnat...

Prime Bank, Apollo Hospitals sign corporate deal

2007-07-10 00:00:00

FE ReportPrime Bank Limited (PBL) and Apollo Hospitals (AH) have signed a corporate deal in the city recently, under which both of the organisations will be benefited from each other.PBL Deputy Managing Director Nasiruddin Ahmed and AH Interim CEO Praful...

'Country has high potentiality of cell-phone internet'

2007-07-10 00:00:00

Grameenphone (GP) Commercial Division CMO Stein Naevdal has observed that Bangladesh has a high potentiality of cell phone internet service as the country still lacks proper infrastructure for wide-spread internet service, reports UNB."Due to lack of infrastructure, the mobile phone...

EXIM Bank strikes money transfer deal with Lankan bank

2007-07-10 00:00:00

FE ReportExport Import Bank (EXIM) of Bangladesh Limited and Sri Lanka's Seylan Bank Limited signed a money transfer agreement recently.EXIM Bank Managing Director Kazi Masihur Rahman and Seylan Bank CEO Ajita Pasqual signed the agreement at the EXIM Bank head...

Islami Bank upgraded to 'AA'

2007-07-10 00:00:00

FE ReportThe Credit Rating Information and Services Ltd (CRISL) has upgraded long- term rating of Islami Bank Bangladesh Ltd (IBBL) to 'AA (pronounced as double A) from 'AA-' (pronounced as double A minus) and reaffirmed short term rating ST-1, said...

Oriental Bank officials directed to intensify recovery activities

2007-07-10 00:00:00

FE ReportManagers and divisional heads of the head office of the Oriental Bank Limited have been directed to intensify their recovery activities.Former Deputy Governor of Bangladesh Bank and Chairman of the board of directors of the bank AH Towfique Ahmed...

Premier Bank managers urged to work hard for bank's betterment

2007-07-10 00:00:00

FE ReportManagers of the Premier Bank Limited have been urged to make all-out efforts in all key areas for the betterment of the bank. Managing Director of the bank Abu Haniff Khan made the appeal while presiding over the Half...

banglalink reduces call tariff

2007-07-10 00:00:00

FE ReportThe authorities of banglalink have reduced peak hours call tariff for their pre-paid package 'banglalink desh' subscribers, said a press release. Earlier, the subscribers could only avail the reduced tariff during off peak offers.From now on the subscribers of...

Zafar, Belayet re-elected chairman, VC of Dhaka Mercantile Co-op Bank

2007-07-10 00:00:00

FE ReportAbu Zafar Chowdhury and Belayet Hossain have been re-elected chairman and vice-chairman (VC) of Dhaka Mercantile Co-operative Bank Ltd for three years.Zafar, a freedom fighter, was the director of the Civil Aviation Authority of Bangladesh (CAAB).He is also a...

Habib Bank holds workshop on ‘Understanding UCP-600’

2007-07-10 00:00:00

FE ReportHabib Bank Limited organised a workshop for its officials on "Understanding UCP-600" in the city recently, said a press release.Senior Executive Vice President (SEVP) and Regional General Manager for South Asia Azmat Ashraf inaugurated the workshop.Director of the BIBM...

Most Asian markets rally

2007-07-10 00:00:00

HONG KONG, July 9 (AP): Most Asian markets advanced Monday, Hong Kong finishing at a record close for the fifth consecutive session.Stocks in South Korea and Indonesia also ended at all-time highs, while Taiwan reached a seven-year record.Investors were heartened...

European shares advance

2007-07-10 00:00:00

LONDON, July 9 (AFP): Europe's main stock markets rallied in morning trading Monday after Tokyo's main equity index hit a fresh seven-year high following a positive end to last week in the United States. London's FTSE 100 index of leading...

Chinese stock market at a turning point: Analysts

2007-07-10 00:00:00

SHANGHAI, July 9 (AFP): China's government may have finally won its fight to cool investor enthusiasm for stocks, after months of speculative frenzy set regulators on edge over a potential crash, analysts said Sunday. Since January investors had ignored repeated...

Japanese stocks hit new seven-year high

2007-07-10 00:00:00

TOKYO, July 9 (AFP): Japanese share prices closed at a fresh seven-year high, lifted by better-than-expected machinery orders data, a weaker yen and a positive lead from Wall Street, dealers said Monday. The Tokyo Stock Exchange's benchmark Nikkei-225 index of...

corporatewatch

2007-07-10 00:00:00

Al-Arafah Islami Bank announces record date The authorities of Al-Arafah Islami Bank Limited have stated that the board of directors of the bank has decided to declare July 25, 2007 as "Record date" for changing the denomination of its shares...

IPO diary

2007-07-10 00:00:00

Trust BankNature of Business Banking Subscription Opens July 15, 2007Subscription Closes July 19, 2007Subscription for NRB July 15, 2007 to July 28, 2007Offer Price (Tk.) 150.00 (including premium of Tk 50)Face Value (Tk.) 100.00 Market lot (Share) 50Public Offer (Share)...

Workshop on involuntary resettlement begins today

2007-07-10 00:00:00

FE ReportA three-day workshop for developing a national policy on involuntary resettlement begins at the BRAC Centre Inn in the city at 9:30 am today (Tuesday).The Asian Development Bank and the Ministry of Land, Government of Bangladesh, are jointly organising...

DCC, JOCVs organise seminar on Clean Dhaka- Green Dhaka-2015

2007-07-10 00:00:00

FE ReportDhaka City Corporation (DCC) and Japan Overseas Cooperation Volunteers (JOCVs) jointly organised a seminar on "Clean Dhaka- Green Dhaka-2015" in the city recently. A total of 50 students from class four to class eight of Rajarbag Police Line School...

Denmark lauds govt for rescuing kidnapped DANIDA official

2007-07-10 00:00:00

Denmark thanked Bangladesh government for an "excellent cooperation" extended in rescuing the kidnapped DANIDA official from Bandarban in Chittagong Hill Tracts, reports UNB.Danish Minister for Development and Cooperation Ulla Tornaes conveyed the gratitude through a telephone call from Copenhagen to...

Pirates loot 12 trawlers, abduct 46 fishermen

2007-07-10 00:00:00

BARGUNA, July 9 (UNB): Pirates looted 12 fishing-trawlers and abducted 46 fishermen at sea from near Dubler Char in the Bay Sunday afternoon.Local Trawler Owners' Association sources said a gang of armed pirates swooped on the 12 trawlers one after...