SINGAPORE, June 28 (AFP): Oil prices were firmer in Asian trade today after a supportive US energy reserves report, dealers said. New York's main oil futures contract, light sweet crude for delivery in August, was 15 cents higher at 69.12...
NEW YORK, June 28 (Business Wire): Passlogix(R), Inc., provider of the market-leading v-GO Sign-On Platform(TM) for enterprise single sign-on (ESSO), today announced the opening of a second office in Asia to service its growing customer base in theregion. The new...
TOKYO, June 28 (AFP): The dollar was little changed in Asian trade today as players sat on their hands ahead of a US interest rate decision, dealers said. The dollar edged up to 122.92 yen in Tokyo afternoon trade from...
TEHRAN, June 28 (AFP): Angry demonstrators torched petrol stations and long queues formed at heavily-guarded fuel pumps yesterday after oil-rich Iran announced the start of fuel rationing, triggering nationwide protests. Motorists trying to stock up on fuel clashed with armed...
HONG KONG, June 28 (AFP): HSBC and Standard Chartered confirmed today they were among banks targeted in a crackdown by China's foreign exchange regulator on speculative capital inflows. The two banks said they had recently been inspected by the State...
Only five largest importers hold sway over some 50 per cent of total import of essential commodities, making the market vulnerable to syndication, traders and analysts said Wednesday. The observation came out in a discussion on the price hike of...
FE Report Eastland Insurance Company Limited (EICL) declared 10 per cent cash and 21 per cent stock dividends for its shareholders for the year that ended on December 31, 2006.The dividends were approved at the 20th annual general meeting (AGM)...
An ad hoc committee comprising representatives from the Association of Cargo Agents of Bangladesh (ACAB) and International Freight Forwarders' Association of Bangladesh (IFFAB) has been formed recently under the supervision of the Task Force (B) on Chittagong Port Affairs.The ad...
The US Embassy in Dhaka has announced that Standard Chartered Bank (SCB), Bangladesh will take over the responsibilities of collecting non-immigrant visa fees ($100 in Bangladesh taka equivalent) effective from July 2 (Monday), reports UNB.Non-immigrant visa fees will no longer...
FE Report International Finance Corporation (IFC) Advisory Services for South Asia - the SouthAsia Enterprise Development Facility (SEDF)-providing tailored small and medium enterprise financing training to employees of Eastern Bank Ltd. The objective was to teach them to use credit-scoring...
FE ReportGreen Delta Insurance Company Ltd (GDICL) has approved 30 per cent cash divided for its shareholders for the year 2006.The dividend was approved in GDICL's 21st Annual General Meeting (AGM), held in the city Thursday, with the company's board...
FE ReportDutch-Bangla Bank Limited (DBBL) donated Tk 1.0 million (10 lakh) to Thangamara Mohila Sabuj Sangha (TMSS) for setting up an operation theatre in 'Rafatullah Community Hospital" under the supervision of TMSS.DBBL Additional Managing Director (AMD) AHM Nazmul Quadir handed...
Chief Adviser (CA) Fakhruddin Ahmed congratulated Gordon Brown on his assumption of the Office of Prime Minister of the United Kingdom (UK) of Great Britain and Northern Ireland through a unanimous election Wednesday, reports UNB.In a message of felicitation, the...
BARISAL, June 28 (bdnews24.com): A court here Thursday sentenced former BNP lawmaker from Barguna-3 constituency Motiur Rahman Talukder to three-year imprisonment and fined Tk 10,000 in a fraud case. If he fails to pay the fine, he will have to...
Foreign Affairs Adviser Iftekhar Ahmed Chowdhury has expressed his satisfaction over the outcome of recently concluded Bangladesh-India foreign secretary-level meetings."I believe our two foreign secretaries did an excellent job in addressing the issues of interest to both our countries and...
A construction contractor has filed an extortion case against former communications minister Nazmul Huda, his wife Sigma Huda and Advocate Elina Khan, police said Wednesday, reports bdnews24.com. Ohidur Rahman, who works for the Roads and Highways Department (RHD) as its...
COMILLA, June 28 (UNB): Former state minister and LDP leader Redwan Ahmed now in prison was accused of extortion in a case filed in the court today.Abul Kashem of Mohichail village in Chandina Upazila, accused Redwan, his brother Emran Ahmed...
Special Judge's Court Judge Amar Kumar Roy Thursday set July 4 for delivering the verdict against former state minister and BNP leader Mir Nasiruddin and his son Mir Md Helaluddin, reports bdnews24.com. Deputy Director of the Anti-Corruption Commission (ACC) Sharmeen...
Zahid ZamirIn modern economic systems interest plays a very important role. In fact, in the Western world as well as some eastern countries people cannot think of any economic system without interest. From a theoretical standpoint, interest has been a...
Lawrence Summers When I studied economics in graduate school a generation ago we were taught that it was a "stylised fact" that the US income distribution was very stable. We were shown that the fraction of the population in poverty...
Dr. M.R. Khan, Dr. Zulfiqar Bhutta and Dr. Nitin K. Shah Throughout South Asia, newspapers often highlight the risks posed by HIV/AIDS, malaria, and tuberculosis. But among our children, a graver threat remains ignored by the headlines. In India, Pakistan,...
Sri Lanka needed just 30 minutes on day four of the first Test in Colombo to complete a crushing innings and 234-run victory over Bangladesh, reports BBC. Resuming on 233-5, the visitors were shot out for 254 as Lasith Malinga...
Mexico masterminded a stunning 2-0 win over defending champions Brazil in the opener for both teams at the 2007 Copa America Championship Wednesday, according to Internet.Nery Castillo scored at the 24th minute before Ramon Morales made it 2-0 just five...
Title aspirants Abahani Limited earned a hard-fought 2-1 win over Chittagong Abahani in the day's lone return league match of the B League at the Bangabandhu National Stadium in the city Thursday, reports UNB.With this result, the popular "sky blue"...
Wimbledon champion Roger Federer took just 11 minutes on day four to wrap up a convincing straight-sets win over Argentine teen Juan Martin del Potro, reports BBC. The Swiss, aiming for a fifth straight Wimbledon crown, sped through the first...
Riding on a hat-trick by Rimon, Rajshahi DSA made a flying start in the five-team super league of the 27th National Hockey Champi-onship as they drubbed Mymensingh DSA by 8-1 goals Thursday, reports UNB.Rimon made the hat-trick scoring fours goals,...
Abahani Limited kept their winning run in the AB Bank Metropolis Women's Table Tennis League beating Dhaka Youngs Club by straight 3-0 sets at the NSC Wooden Floor Gymnasium in the city Thursday, reports UNB.Rumi (Abahani) beat Binty (Youngs) 11-5,...
FE ReportPresident Iajuddin Ahmed approved Thursday the national budget for financial year (FY) 2007-08 with some changes in fiscal proposals that would cost the government Tk 4.0 billion in revenue, officials sources said."The changes have been made in the rates...
The 15-storey BGMEA Bhaban was built without approval of Rajuk and it should be knocked down just as Rangs Bhaban is going to be, an adviser said Thursday, reports bdnews24.com. Local Government Adviser Anwarul Iqbal said, "No permission was taken...
The Election Commission (EC) seems to be in a dilemma over the question of having dialogue with the political parties on electoral reforms as the parties stand apart, and one of them split, amid the current purge, reports UNB/ bdnews24.com....
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