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BAFEDA organises workshop on role of commodity

FE Report | 2008-07-29 00:00:00

Bangladesh Foreign Exchange Dealers' Association (BAFEDA) organised a workshop on 'Role of Commodity Derivatives in Financial Risk Management' for the member banks at Eastern Commercial Complex in the city recently.Bangladesh Bank has recently issued a circular on 'Hedging price risk...

Overall trade deficit rises to $6.3b in FY '08

Shakhawat Hossain | 2008-07-29 00:00:00

The country's overall trade deficit rose to record $6.36 billion in the just concluded fiscal, up by 28 per cent from $4.97 billion in 2006-07, commerce ministry officials said Monday.According to the provisional estimate of the ministry, the country imported...

EXIM Bank opens 36th branch in Comilla

FE Report | 2008-07-29 00:00:00

Export Import Bank of Bangladesh Ltd inaugurated its 36th branch at Mudafforganj in Comilla Monday.Chairman of the board of directors of the bank Md Nazrul Islam Mazumder was present as the chief guest in the inaugural ceremony.Managing Director (MD) of...

China to balance stable, fast economic growth, inflation control

2008-07-29 00:00:00

BEIJING, July 28 (Xinhua): Premier Wen Jiabao has said China should strike a balance between stable, comparatively fast economic growth and inflation control in macroeconomic management.Wen made the remarks during three symposiums held earlier this months by the state council...

3 human traffickers held, 2 young women rescued

Our Correspondent | 2008-07-29 00:00:00

JESSORE, July 28: The Kotwali police Sunday evening rescued two girls and arrested three suspected human traffickers in a drive at Tafshidanga on the outskirts of the town.On a tip off the police raided the residence of one Saiful Islam...

Bangladeshis in UAE urged to send remittance thru' official channels

2008-07-29 00:00:00

Bangladesh's new Ambassador to UAE Nazmul Quaunine urged Bangladeshi workers in UAE to abide by local rules and regulations to uphold a positive image of Bangladesh, reports UNB.Quaunine visited Janata Bank head office and branch office in Abu Dhabi to...

Energy Div performs poorly in ADP implementation

FE Report | 2008-07-29 00:00:00

The power, energy and mineral resources ministry has spent 75.88 per cent of their total allocated funds in the revised ADP for the fiscal 2007-08, an official said."Though the government reduced the original allocation of the ministry's annual development programme...

Two dacoits killed, 3 cops hurt in Barisal gun battle

2008-07-29 00:00:00

BARISAL, July 28 (BSS): Two dacoits were killed and three police personnel injured in a gun battle at Krishnapur under Banaripara Upazila in the early hours of Monday, police sources said.They said the incident took place when a team of...

corporatewatch

2008-07-29 00:00:00

Position of UCBL's Leave to AppealThe authorities of United Commercial Bank Limited (UCBL) have stated that Civil Miscellaneous Petition for Leave to Appeal Nos. 490/2008 & 513/2008 in connection with pending AGMs of the Bank did not appear Sunday in...

Dollar hits one-month high against yen

2008-07-29 00:00:00

TOKYO, July 28 (AFP): The dollar touched a one-month high above 108 yen in Asian trade today before profit-taking kicked in, as the market awaited upcoming data for any signs of an easing of US economic woes, dealers said.The dollar...

Nobody wants caretaker govt: Ershad

2008-07-29 00:00:00

GAZIPUR, July 28 (UNB): Jatiya Party (JP) chairman HM Ershad Monday observed that treachery had given birth to caretaker government, which the nation no longer wants.JP is very much in the Awami League led grand alliance, he told a party...

GP submits IPO proposal to SEC today

FE Report | 2008-07-29 00:00:00

The Grameenphone (GP), country's largest mobile telephone company, will submit its proposal for floating the initial public offering (IPO) to the Security and Exchange Commission (SEC) today (Tuesday), sources at the SEC said.Earlier, its board members approved it on July...

WTO scrambles for fresh options on trade pact

2008-07-29 00:00:00

GENEVA, July 28 (AFP): Top negotiators prepared to turn to fresh proposals today in a bid to nail a new global trade free trade pact despite growing discord and warnings that years of painstaking negotiations could unravel at the last...

Most Ctg roads in deplorable state

Our Correspondent | 2008-07-29 00:00:00

CHITTAGONG, July 28 : Most of the city roads are in deplorable state as these were not repaired even before the monsoon.The road beginning from Gone Bakery crossing upto Bahadderhat area via College Road, Chawkbazar, Kapashgola and Badurtola has been...

Nari Maitree holds AGM

2008-07-29 00:00:00

Prof Latifa Akand and Shaheen Akhter Doly have been elected president and secretary general respectively of the Nari Maitree, a non-government organisation (NGO), for next three years.They were elected at the annual general meeting (AGM) of the NGO held in...

Regulating employment of foreign physicians

2008-07-29 00:00:00

IT is a good piece of news that the government at long last has decided to address an issue that has already given rise to a number of problems in the health sector. The issue relates to the appointment of...

Bangladesh, Indian armies can share experiences in various fields: President

2008-07-29 00:00:00

President Professor Dr Iajuddin Ahmed Monday said the Bangladesh and Indian armies can share their experiences in various fields and take part in joint training to help further develop and strengthen the existing friendly relations, reports UNB.The President made the...

Women entrepreneurs assured of loans on easy terms

FE Report | 2008-07-29 00:00:00

Women and children affairs adviser Rasheda K Chowdhury Monday assured the women entrepreneurs of taking effective measures to help them obtain loans on easy terms and conditions.Her comments came after the women entrepreneurs blamed the banks for not providing loans...

news digest

UN-led peacekeepers must do | 2008-07-29 00:00:00

better in Darfur: aid groupsNAIROBI, July 28: UN peacekeepers in Darfur, despite being severely under-equipped and under-manned, can and must do far more to protect civilians in the war-torn Sudanese region, aid groups said in a report Monday. The joint...

Book Review: 'The India Doctrine'

Barrister MBI Munshi | 2008-07-29 00:00:00

Adorned in a saffron red jacket and embellished with a detailed map of South Asia the concept of an India Doctrine has been introduced to the readers in Bangladesh recently. The book 'The India Doctrine' has been published by the...

Champions League to be held in India

2008-07-29 00:00:00

The BCCI-backed Champions League Twenty20 tournament will be played this year in India but may not feature a team from England, Lalit Modi, the IPL commissioner, has told the news agency. Modi's statement comes on a day the English press...

Bangladesh Rifles move into final with all-win run

2008-07-29 00:00:00

Bangladesh Rifles moved into the final of the Design Zone 2nd Office Handball League with all-win run beating Prisons Directorate by 39-16 goals at the Outer Stadium Handball ground in the city Monday, reports UNB.The winners led the first half...

S'porean investment in Bangladesh will increase, says envoy

2008-07-29 00:00:00

The visiting High Commissioner of Singapore in Bangladesh, Verghese Mathews, said Singaporean investment in Bangladesh which is already over $1.0 billion is likely to increase in near future, reports UNB.The high commissioner, who is headquartered in the Singaporean capital, said...

Jatrabari Jhatika drub Dhaka Eleven

2008-07-29 00:00:00

Mamun scored a hattrick as Jatrabari Jhatika Sangsad drubbed Dhaka Eleven by 6-0 goals in a 2nd phase match of the City Corporation Pioneer Football League at the Bir Shreshtho Sepoy Mohammad Mostafa Kamal Stadium at Komolapur in the city...

HC grants bail to Mannan, Shamsul, Mosharraf, Pintu

2008-07-29 00:00:00

The High Court (HC) Monday granted bail to the former BNP secretary general Abdul Mannan Bhuiyan, BNP standing committee member M Shamsul Islam, Awami League leader Engineer Mosharraf Hossain, former Chhatrodol president and BNP lawmaker Nasiruddin Ahmed Pintu, and late...

Prices of fish, vegetables on rise in Ctg market

Our Correspondent | 2008-07-29 00:00:00

CHITTAGONG, July 26: Prices of vegetables and fishes have increased 10 to 20 per cent over last week.Trading sources said that with the enhanced price of the fuel oil, price of the essential items have also risen alarmingly.Following abnormal price...

Three small power plants to get funds under IPFF soon

FE Report | 2008-07-29 00:00:00

The central bank will make available more funds shortly to the country's problem-ridden power sector under the Investment Promotion and Financing Facility (IPFF) Project."We are now working to disburse more funds to three power projects through two private commercial banks...

Ranatunga asks players to give England tour

2008-07-29 00:00:00

Arjuna Ranatunga has written a letter to the Sri Lankan players asking them to give priority to the tour of England next year over the IPL. The letter is believed to have been written in a personal capacity and does...

Two buses collide head-on: 7 killed, 50 hurt in Faridpur

2008-07-29 00:00:00

At least seven people, including four women, were killed and 50 others injured in a head-on collision between two buses on the Dhaka-Khulna Highway near Maligram bus stand in Bhanga Upazila Monday morning, reports UNB.Six of the deceased were identified...

IBBL Ctg zone holds meeting on business promotion

FE Report | 2008-07-29 00:00:00

A meeting on 'Business Promotion' was held at the Muslim Institute Hall of Chittagong recently.Chittagong zone of Islami Bank Bangladesh Ltd (IBBL) organised the meeting.Managing Director (MD) of the bank M Fariduddin Ahmad was present as the chief guest in...