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Thrust on mutual recognition of membership of qualified CAs from ICAB, ICAEW

2008-09-07 00:00:00

FE ReportbrA delegation of Institute of Chartered Accountants of Bangladesh (ICAB) headed by its president Md Humayun Kabir attended a ceremony on the occasion of completion of UK-based IFRSIAS training course held in London recently.brThe course is an important element...

Rich launches 'Jumbo Treat' retail pack at Agora

2008-09-07 00:00:00

Rich, a leading food brand in the country, has launched a retail product pack specially designed for Ifter. The pack, named Jumbo Treat, contains 16 pieces of four different items excellent to serve four persons.brNiaz Rahim, managing director of Rahimafrooz...

Phoenix Finance & Investments opens new branch

2008-09-07 00:00:00

FE ReportbrPhoenix Finance and Investments Ltd has opened its 6th branch at Uttara in the city recently, said a press release.brChairman of Phoenix Finance and Investments Ltd Deen Mohammad inaugurated the new branch as the chief guest. brManaging Director of...

Japan's Nomura eyes Lehman bid

2008-09-07 00:00:00

TOKYO, Sept 6 (AFP) The president of Japan's biggest brokerage house Nomura Holdings said the company was considering buying a stake in troubled US investment bank Lehman Brothers, a report said Saturday.brThe move would be part of a plan to...

Greenback stable against BDT

2008-09-07 00:00:00

Sarwar Zahan brUS dollar remained stable against Bangladesh taka (BDT) in the inter-bank foreign exchange market last week mainly due to adequate supply of the greenback, fund managers said. brSteady inflow of remittances and export proceeds ensured sufficient supply of...

Shares tumble worldwide

2008-09-07 00:00:00

LONDON, Sept 6 (AFP) World stock markets tumbled Friday on growing gloom for the global economy after the United States recorded unemployment at a five-year high, dealers said. brThe London FTSE 100 blue chip index was down 2.26 per cent...

Nokia shares plunge 10pc

2008-09-07 00:00:00

HELSINKI, Sept 6 (AFP) Shares in Nokia, the world's biggest maker of mobile handsets, shed nearly 10 per cent of their value Friday after the Finnish group cut its forecast for its market share in the third quarter.brNokia now expects...

Sonali Bank main branch in B'baria arranges clients'get-together

2008-09-07 00:00:00

Our CorrespondentbrBRAHMANBARIA, Sept 6 The main branch of Sonali Bank Ltd in the district organised a clients' get-together at Kumarshil Tuesday.brGeneral Manager (GM) of the largest state-owned commercial bank's head office in Dhaka Mafizul Hoque inaugurated the conference as the...

BLPA chief visits Teknaf Landport, expresses dissatisfaction

2008-09-07 00:00:00

Our CorrespondentbrCHITTAGONG, Sept 6 Bangladesh Land Port Authority (BLPA) Chairman K A M Harun on a surprise visit to Teknaf Landport recently expressed his dissatisfaction on the overall management of the land port, concerned sources said.brHe asked the officials of...

Citi to 'sell' Primerica, Texas business

2008-09-07 00:00:00

NEW YORK, Sept 6 (Reuters) Citigroup could sell its Primerica financial services unit and its First American banking subsidiary in Texas as the bank continues to restructure its business, Ladenburg Thalmann analyst Richard Bove said in a research note.

GE to face civil action on securities violations

2008-09-07 00:00:00

FAIRFIELD, Conn., Sept 6 (AP) General Electric (GE) Company said Friday it has been informed that the Securities and Exchange Commission (SEC) may recommend fines and other action for possible violations of securities law related to accounting changes the company...

DBBL signs remittance deal with BPO

2008-09-07 00:00:00

Dutch-Bangla Bank Limited (DBBL) has signed a 'Remittance Service Agreement' with Bangladesh Post Office (BPO) to facilitate disbursement of remittances received from different exchange houses in abroad through designated post offices at the remotest-parts of the country.brDirector General of BPO...

AKTEL offers bonus on talk time for pre-paid customers

2008-09-07 00:00:00

AKTEL, one of the mobile operators of the country, has announced yet another promotional offer of 'bonus on talk time' for its pre-paid customers. brThe offer was officially announced at a function in the city recently, said a press release.brUnder...

RAKUB organises training programme on 'New Products'

2008-09-07 00:00:00

Our CorrespondentbrRAJSHAHI, Sept-6 A three-day long training programme on New Products organised by Rajshahi Krishi Unnayan Bank (RAKUB) was held at the training institute of the bank recently.brA total of 32 branch managers of RAKUB participated in the training.brThey were...

Prudence in consumption can bend the curve towards sustainable future

2008-09-07 00:00:00

Mohiuddin BabarbrLife today is not as it were in the yesterdays. It is often said that today is better than tomorrow and truly, such a statement is not carrying any tone of scepticism rather a reflection of the stark realities...

For offsetting syndication

2008-09-07 00:00:00

Md Rezaul KarimbrThe absence of a mechanism of the government or the financial institutions to have a timely assessment of what quantity of foodgrains needs to be imported affects the domestic market and the consumers in more than one way....

The return of the return of history

2008-09-07 00:00:00

Daniel Luban from WashingtonbrIn the wake of Russia's invasion of Georgia last month, many commentators have been quick to proclaim that the war signals the return of history. But attentive observers could be forgiven for responding to these pronouncements with...

Gender parity and development

2008-09-06 00:00:00

The last available population data on Bangladesh puts the number of males in the population at 69.1 per cent and females at 65.7 per cent. Thus, the population is divided almost half and half between males and females. This knowledge...

Exporting flowers and orchids

2008-09-06 00:00:00

Khurshid AzambrThere are countries in the world which are sustained economically in great measures by their flower business. Holland, for example, is the world leader in producing flower in huge quantities for export in the world market. There is a...

Immorality in America

2008-09-06 00:00:00

The words immorality and sin no longer appear to be a matter of concern for the Americans. Few years back one of their Presidents was found having indulged in immoral activity with his personal Secretary. Dick Cheney, their Vice President,...

Value of time

2008-09-06 00:00:00

We have a poor sense of timing. We do not value time. We start late, finish late or even reach a destination late. No doubt, traffic jams take a lot of our time, but we also use this as an...

Historic 2008 Olympic Games

2008-09-06 00:00:00

We, the Bangladeshi people, heartily congratulate the Beijing 2008 Olympic Organising Committee, for holding a phenomenal 29th Olympic Games. The opening ceremony was a most attractive and colourful at the Bird's Nest in Beijing.brThe Olympic Games gave China new credentials...

Security of RMG sector

2008-09-06 00:00:00

A.H. KhanbrDifferent quarters continue to blame the RMG owners for the troubles in the apparel industry. It is very common to blame the owners. A section of the society always take the opportunity of gaining cheap popularity by blaming the...

Politicians cannot be trusted to set the fiscal rules

2008-09-06 00:00:00

John KaybrThe fiscal framework set out for the UK in 1998 has two principal components. The golden rule states that current expenditure should match tax receipts over an economic cycle. The sustainable investment rule requires that net public sector debt...

Ramadan's real training

2008-09-06 00:00:00

Md ShiblibrTHE observance of the holy month of Ramadan has started in Bangladesh, the third biggest Muslims country in the world after Indonesia and Pakistan. Nearly ninety per cent of Bangladesh's more than 140 million people are Muslims and most...

One of the two main pillars of the economy must not be allowed to crumble

2008-09-06 00:00:00

Enayet RasulbrThe wisdom of the proverbial ' a stitch in time saves nine' is hardly found applied in Bangladesh. Otherwise, how it can be that an economic sector which presently engages the greatest number of the industrial work-force of the...

Nuclear revival needs constructors to deliver

2008-09-06 00:00:00

Anna StablumbrThe world's nuclear industry is ready for a nuclear renaissance, but it is up to the reactor builders to make it happen.brIndustry sources said that constructors must build reactors on schedule and within cost constraints.brIt is up to us...

McCain camp plays sexism card for Palin

2008-09-06 00:00:00

Ron Fournier brJohn McCain's campaign could be panicking or politicking with its claim that sexism lies beneath any questions about Sarah Palin's past.brThey say they're not panicked - that the Alaska governor's spot on the GOP ticket is secure -...

Life under extreme conditions

2008-09-06 00:00:00

Syed Fattahul AlimbrHow sturdy is life The question naturally arises as the exobiologists are trying to know what kind of extremes life can stand as well as survive those. Answer to the question is important for knowing if life could...

Rice struggles for victories beyond Libya

2008-09-06 00:00:00

Sue Pleming brThe Bush administration touts its new relationship with Libya as a foreign policy success but elsewhere from North Korea to Iran, US Secretary of State Condoleezza Rice faces bad news.brRice jets into Libya on Friday from Lisbon for...