DAKAR, July 8 (AFP): Lacklustre growth, ballooning petroleum imports, cotton sales hit by Western subsidies and a lingering political crisis in the region's former star economy have crippled a west African economic bloc. The eight-nation West African Economic and Monetary...
SINGAPORE, July 8 (AFP): Having conquered Southeast Asian skies with his pioneering budget airline, Malaysian entrepreneur Tony Fernandes hopes to repeat the success of his business model with a down-to-earth chain of no-frills hotels. Despite a chorus of skeptics, Fernandes...
HARARE, July 8 (AP): Police arrested 16 more business leaders in a crackdown on those suspected of violating the government's order to slash prices by 50 per cent, the official media reported Sunday.The mandated price cuts are a desperate attempt...
SINGAPORE, July 8 (AFP): Soaring property prices in Singapore could erode its competitive edge, including against arch economic rival Hong Kong, the city-state's founding father said in remarks published today. Lee Kuan Yew, Singapore's first premier who now serves in...
PARIS, July 8 (AFP): French President Nicolas Sarkozy said in an interview published yesterday he will support the candidacy of former socialist minister Dominique Strauss-Kahn to head the International Monetary Fund (IMF). The announcement was the latest move in the...
SEOUL, July 8 (AFP): South Korea said today its trade would expand more than expected this year thanks to sustainable growth of the global economy. The commerce ministry reported in a revised outlook report that exports would grow 12.8 per...
BEIJING, July 8 (AP): Local Chinese leaders will have a better chance of winning job promotions if they can limit social unrest in rural areas, state media quoted Sunday a ruling Communist Party official as saying.The party has become increasingly...
NEW DELHI, July 8 (AFP): Kishore Biyani, known as India's "King of Retail", is spending the weekend his favourite way: trawling the aisles of one of his Big Bazaar supermarkets, eyeing what customers are loading up on. "You can tell...
HONG KONG, July 8 (AFP): Asian currencies ended the week mainly up against the US dollar as the Australian dollar hit an 18-year high and the yen strengthened over a predicted increase in eurozone borrowing rates. JAPANESE YEN: The yen...
YANGON, July 8 (Xinhua): Myanmar is making arrangements to add 55,000 more CDMA (Code Division Multiple Access) phone lines in coastal areas to facilitate people there for communication links, according to the telecommunication authorities today. A total of 40 townships...
KATHMANDU, July 8 (Xinhua): New government buildings in Nepal will be equipped with rainwater harvesting systems, The Himalayan Times reported today. "Considering water scarcity and the suitability of the rainwater harvesting technology in our context, we have concluded that all...
SHANGHAI, July 8 (AFP): Two years after China's first budget airline took to the skies, the low-cost boom seen elsewhere around the world remains a distant prospect despite the Chinese aviation industry's spectacular growth. Passenger traffic on Chinese airlines is...
BEIJING, July 8 (AP): China's drug watchdog announced Saturday it has suspended the sale of a drug used to treat acute leukemia and rheumatoid arthritis in the latest move to hit the country's scandal-ridden drug industry. The Chinese government has...
New Delhi, July 8 (PTI): Gold bounced back on the bullion market yesterday on revival of buying by stockists and retailers triggered by firming trend on the global front and closed with a gain of Rs 55 at Rs 8,720...
MOUNT HAGEN, Papua New Guinea, July 8 (AFP): China's relentless drive for resources to fuel its booming economy, already drawing charges of neo-colonialism in Africa, is causing growing resentment in Papua New Guinea. From the dusty streets of small towns...
FE ReportShahjalal Islami Bank Limited has unveiled a fresh investment plan involving Tk 8.0 billion (800 crore) for the fiscal year of 2007-08. Managing Director of the bank M Kamaluddin Chowdhury disclosed this in the 'Annual Business Plan-2007 Conference' of...
FE Report Sony Ericsson Sunday launched four new accessible mobile handsets with FM Radio facilities.These are K200i, K220i, J110i and J120i. Of the four, the K200i and K220i are both camera phones, whilst the K220i again and the J120i bring...
Our CorrespondentCHITTAGONG, July 8: A delegation of Bangladesh Garment Manufacturers and Exporters Association (BGMEA), led by its First Vice-President (FVP) MA Salam, met Chittagong Port Authority (CPA) Chairman M Faruque at the Bandar Bhaban Saturday. The BGMEA delegation exchanged views...
The Leaders of the shop owners in the city Saturday welcomed the government's move allowing them to keep their outlets open for one more hour, reports bdnews24.com.From now on the shoppers would be able to purchase goods from the city's...
FE ReportThe Asset Management Company Limited (AMCL), a subsidiary of Investment Corporation of Bangladesh (ICB), has declared Net Asset Value (NAV) of its two unit funds. Total NAV of ICB AMCL First Mutual Fund stood at Tk 15,31,97,961.24 on the...
Standard Chartered Bank opened the banking operation booth at the US Embassy in the city last Thursday, said a press release. The opening will help the US Embassy have access to wide range of consumer and wholesale banking products of...
Our CorrespondentCHITTAGONG Jul 8: Usmania Glass Sheet Factory Ltd (UGSFL), controlled by the Bangladesh Chemical Industries Corporation, surpassed its production target set for the 2006-2007 fiscal, sources said.UGSFL based at Kalurghat Industrial area manufactured 25 million glass-sheets against its target...
FE ReportAll the branch managers of Bank Asia Limited have been urged to launch all-out efforts to explore new business opportunities.President and Managing Director of the bank Syed Anisul Huq made the appeal while presiding over the half-yearly managers' conference...
Our CorrespondentBRAHMANBARIA, July 8: Abnormal hike in paper prices is seriously hampering printing business in the district, said sources.Prices of various types of paper such as newsprint, whiteprint, thin-paper, off-set and Karnaphuli paper have increased beyond imagination.According to sources, an...
FE ReportGrameenphone (GP) Limited has introduced a new service titled Missed Call Alert for all of its 'smile', 'xplore' and 'Business Solutions' subscribers, according to a press release.The new service will notify subscribers through SMS about all the calls made...
Sylhet customs earned revenue amounting to Tk 1,267.5 million (126.75 crore) exceeding the target of Tk 1,220 million in the 2006-07 fiscal through its 11 customs stations, reports UNB.On the other hand, about Tk 250 million more had been earned...
FE ReportThree schools near the Bibiyana gas field area are now set to recruit three additional teachers each to improve the standard of education after receiving a donation from Chevron Bangladesh, said a press release. Chevron Bangladesh President Steve Wilson...
FE ReportMashrur Arefin has joined The City Bank Limited as executive vice president (EVP) with the charge of setting up retail or consumer banking business for the bank. Prior to joining City Bank, he served the Eastern Bank Limited as...
FE ReportThe government borrowed Tk 8.00 billion (800 crore) Sunday through auctions of treasury bills. It will result in draining out of Tk 8.00 billion from the market in the week.The central bank conducted auctions of 28-day, 91-day and 182-day...
FE ReportBangladesh Bank Executive Director ATM Nasiruddin said that all bank officials should have a clear concept of Core Risks Management to become a successful banker in competitive global market. He was the keynote presenter at a workshop on 'Core...
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