TEHRAN, July 1 (AFP): Iran's president yesterday defended a rationing scheme to cut back on petrol guzzling in the world's fourth largest oil producer, saying even tighter controls are on the way. "In recent days, petrol consumption has dropped from...
HONG KONG, July 1 (AFP): Asian currencies ended the week mainly up against the US dollar, with the Australian dollar hitting a new 18-year high. JAPANESE YEN: The yen gained slightly against the dollar on the week, but tumbled from...
DUBAI, July 1 (AFP): Dubai commuters are alarmed over plans to slap a toll on the city-state's main thoroughfare, claiming there are no viable alternatives to the road and worried about creeping indirect taxation in the historically tax-free emirate. More...
KATHMANDU, July 1 (Xinhua): Nepal recorded a whopping 40 per cent rise this year in organic coffee production compared to last year, The Kathmandu Post reported today. The daily quoted Raghupati Chaudhary, acting chief of National Tea and Coffee Development...
GENEVA, July 1 (Xinhua): Swiss watchmakers have agreed to new regulations making it more difficult for timepieces to receive the Swiss Made label, the official Swissinfo website reported Friday. At its annual meeting Thursday, the Federation of the Swiss Watch...
WASHINGTON, July 1 (AFP): US government and industry leaders are urging a headlong plunge into ocean fish farming to meet surging global demand, even as environmental activists call for a go-slow approach. A two-day Washington aquaculture summit hosted by the...
FE ReportBangladesh Bank Governor Salehuddin Ahmed said regulatory and supervisory regimes for banks and financial institutions in Bangladesh are steadily being upgraded to the standards of international best practices to ensure the soundness and solvency of the individual institutions and...
Our CorrespondentCHITTAGONG, July 1: The local vegetable producers are not getting fair prices of their produces and the consumers are being compelled to buy the items at exorbitant prices due to the manipulation by corrupt middlemen to earn windfall profits.The...
FE ReportPrime Bank Ltd (PBL), a leading private commercial bank of the country, organised a day-long workshop on 'Capital Accord Basel-II' at its head office in the city recently, said a press release..PBL's Managing Director M Shahjahan Bhuiyan inaugurated the...
FE ReportThe inaugural function of a workshop titled 'Practice of Islamic Banking' organised by Islami Bank Training and Research Academy (IBTRA) for the visiting team of Bank of Ceylon, Sri Lanka was held at the board room of Islami Bank...
Our CorrespondentNILPHAMARI, Jul 1: Local people called for constituting a special study-team for exploring trade potentials of Uttara Export Processing Zone (EPZ) of the district. Sources said despite having investment-friendly atmosphere in Uttara EPZ, even after expiry of seven years...
WASHINGTON, Jul 1 (Reuters): Boeing Co has been awarded an 11-year, $2.02 billion contract for 242 wing sets for the Air Force's A-10 fleet designed to support ground troops, the Pentagon said Friday. Work is to be wrapped up by...
FE ReportWarid Telecom, the country's youngest mobile phone company, has brought about 80 million (8.0 crore) people of the country under its network in 50 days of its commercial launch.Seven more districts- Dinajpur, Rangpur, Nilphamari, Madaripur, Manikganj, Munshiganj and Narsingdi...
LONDON, Jul 1 (Reuters): Middle Eastern investment funds are targeting Jaguar and Land Rover, the British luxury car brands that US owner Ford Motor Co is considering selling, the Observer newspaper said Sunday. Abu Dhabi's Mubadala Development Company and Dubai...
FE ReportA term loan agreement for Tk 100 million was signed between Pubali Bank Limited (PBL) and Prime Finance & Investment Limited at Pubali Bank head office recently. PBL sanctioned this term loan for 5 years.Pubali Bank Ltd Managing Director...
FE ReportEmirates' customers visiting Dubai for the Summer Surprises (DSS) can win different prizes like holidays, diamond jewelry worth AED 100,000 and an exclusive Mont Blanc gold watch, while going on a rare journey of discovery along the ancient Silk...
RANGPUR, July 1 (BSS): Revenue earnings from Hilli Land Port (HLP) under Hakimpur upazila in Dinajpur marked a drastic fall by over 20 per cent than the fixed target during fiscal of 2006-2007, official sources said Sunday.The HLP customs authorities...
Rahimafrooz officially launched a new JUMBO IPS in the city recently, said a press. It is the first time ever JUMBO IPS in Bangladesh and the latest addition to the existing ranges of IPS coming from the house of Rahimafrooz....
Singapore Telecommuni- cations (SingTel) has finally entered Pakistan by overtrumping Britain's Vodafone Group and Kuwait's Mobile Telecommunications Company (MTC) in its pursuit to acquire stake in Pakistan's Warid Telecom, reports bdnews24.com.SingTel is now paying about $758 million (75.8 crore) for...
Mutual Trust Bank's Dhanmondi branch has started its foreign exchange operation. Managing Director of the bank Kazi Md Shafiqur Rahman inaugurated the foreign exchange activities of the bank recently, said a press release. Executive Consultant of the bank Mosharraf Hossain,...
FE ReportAdditional Managing Director (AMD) of Dutch-Bangla Bank Ltd (DBBL) AHM Nazmul Quadir recently visited the bank's branches in Rajshahi region. A discussion meeting in this connection was organised on DBBL's Bogra branch premises. Nazmul Quadir attended the meeting as...
International Leasing and Financial Services LimitedNature of Business Lease Finance and Term Finance Subscription Opens July 02, 2007Subscription Closes July 08, 2007Subscription for NRB July 02, 2007 to July 17, 2007Offer Price (Tk.) 225.00 (including premium of Tk. 125)Face Value...
QUETTA, (Pakistan), July 1 (AFP): Floods and heavy rain have killed more than 60 people and left some 200,000 homeless in the southwestern Pakistani province of Baluchistan, officials and police said Sunday Hundreds of villages were inundated in at least...
KANDAHAR, July 1 (AFP): An investigation into airstrikes that slammed into Afghan homes where Taliban fighters sought shelter found that 62 insurgents and 45 civilians were killed, two Afghan officials said Sunday An investigating team was sent to Helmand province's...
TEHRAN, July 1 (AFP): Venezuelan leader Hugo Chavez arrived in Tehran late Saturday for the third time during the presidency of Mahmoud Ahmadinejad, a fellow fiery critic of the US, Iranian television reported. Chavez, accompanied by his foreign, communication, energy,...
LONDON, July 1 (AFP): The police have arrested two people in northwest England in connection with three failed car bombings in London and Glasgow, police said Sunday. The pair was arrested in Cheshire by anti-terrorism officers from the Metropolitan Police...
ACCRA, July 1 (AFP): Sudanese President Omar al-Beshir Saturday warned the West not to botch the handling of the crisis in the troubled southern region of Darfur as it did in Iraq. Speaking to journalists via a satellite link from...
SYDNEY, July 1 (Reuters): Australian Prime Minister John Howard is secretly planning to begin withdrawing Australian troops from Iraq by February 2008, Australian media reported on Sunday The Sunday Telegraph, quoting an unnamed senior military source, described Howard's withdrawal plan...
Japan defence chief under fire over atom bomb remarks TOKYO, July 1: Japan's defence minister came under fire on Sunday over his remarks which implied that the atomic bombs dropped by the United States on Japan were the inevitable way...
Siddique Islam The government has changed its debt management strategy, preferring long-term borrowing instead of short-term one, aiming to facilitate its development works across the country, official sources said. Under the new strategy, the government will borrow for longer tenure...
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