Fauzia joins Dragon Group as director

Fauzia Quamrun Tania has joined Dragon Group, a leading sweater manufacturing company of the country, as director of operations recently.She received her BSc degree and MA in Business Management and Mathematics from the University of Glasgow, UK.She secured excellent results...

AL bags mayoral posts of all 4 city corpns, 8 municipalities

Awami League-backed nominees unofficially swept elections in all four major city corporations and eight of the nine municipalities that went to polls Monday, reports bdnews24.com.The AL charge was led by none other than the embattled Badaruddin Ahmed Kamran, the former...

Realtors in a double whammy

Country's real estate developers, no doubt, are going through the most difficult time in their life.On one hand, abnormal hike in the prices of construction materials has severely hit their business growth and, on the other, an ordinance seeking to...

Asian International Trade Expo begins Aug 11

A ten- day trade and consumer exhibition -Asian International Trade Expo 2008- begins August 11 at the city's Bangladesh-China Friendship Conference Centre (BCFCC).CEMS -Conference and Exhibition Management Services Ltd - USA in association with CEMS Bangladesh arranged the exhibition.President and...

Prices of chick-pea seen stable this Ramadan

The prices of chick-pea, the most-consumed item during Iftar, is much lower this time than in the previous year and it might remain stable during the holy month of Ramadan, traders told the FE Tuesday.This is happening at a time...

Indonesia raises key interest rate on inflation fears

JAKARTA, Aug 5 (AFP): Indonesia's central bank raised its key interest rate today in a bid to dampen inflation after a hike in the price of subsidised fuel.In the fourth rise in as many months, Bank Indonesia increased the benchmark...

Dhaka stocks bounce back with record Titas trading

Dhaka stocks bounced back Tuesday snapping five consecutive sessions of losing streak with a single day record trading of Titas Gas, the day's top turnover leader and also the top gainer.However, the Dhaka Stock Exchange (DSE) suspended share trading of...

news digest

buy armed drones: PentagonWASHINGTON, Aug 5: Germany and Italy areseeking to buy MQ-9 Reapers, new armed drones that the United States recently began flying in Iraq and Afghanistan, the Pentagon said Monday. In notifications to Congress, the Defense Security Cooperation...

Philippine inflation hits 17-year high in July

MANILA, Aug 5 (AFP): The Philippines' inflation rate hit 12.2 per cent in July, the highest in 17 years as prices of basic commodities increased overall, the government said today.July's rate was above the 11.2 per cent to 12 per...

Govt's cost cutting measures may go

The finance ministry is likely to withdraw the austerity measures enforced since 2005-06 fiscal in the wake of high fuel prices, said ministry officials Tuesday.A proposal seeking discontinuation of the cost cutting measures is now awaiting the approval of the...

Deportation 'won't affect growth of remittances'

Deportation of several hundred workers from Saudi Arabia and Kuwait will not affect the growth of remittances from abroad as overseas jobs for Bangladeshis are showing a booming trend, officials and experts said Monday.They said this after statistics showed that...

Bangladesh A team return home

Bangladesh A team returned home Tuesday after completing their over a month-long tour in England and Ireland, reports UNB.During the England tour, Bangladesh A played five three-day and three one-day matches against their English counterparts.The first three three-day matches against...

Kuwait deports more workers

Kuwait has deported more Bangladeshi workers in an apparent breach of its commitment that it will not send back any Bangladeshi workers unless they create further trouble in the Gulf sheikhdom, report agencies.Foreign Adviser Dr Iftekhar Ahmed Chowdhury wrote a...

Citi Microentrepreneurship Awards 2008 Nomination closes on August 15, '08

The deadline for submitting nomination for Citi Microentrepreneurship Awards 2008 is drawing to a close on August 15, 2008. The winners in four categories -- Best Innovative Micro Business of the Year', `Best Woman Microentrepreneur of the Year', `Best Microentrepreneur...

Second PRSP targets massive private sector investment

The second Poverty Reduction Strategy Paper (PRSP) spanning three years from FY09 will target a Tk4508.5 billion (US$65.7 billions) investment from private sector, singling it out as the main driver of growth, an official said Tuesday.The PRSP-the government's main development...

Rupee falls by 14 paise against US dollar

MUMBAI, Aug 5 (PTI): The Indian rupee yesterday fell by 14 paise to close at 42.49/50 against the greenback due to dollar buying by banks and sluggish equity markets.At the Interbank Foreign Exchange market (Forex) market, the domestic unit resumed...

Bank, Non-Bank Institutions Fair begins tomorrow

Country's first Bank and Non-banking Financial Institutions Fair begins in Dhaka Sheraton Hotel tomorrow (Thursday).The three-day fair, to be attended by more than 30 companies including banks, insurance and Financial Institutions (FIs) will showcase their products.Briefing media men at a...

Protecting sex workers from violence

Usha Revelli from Rajahmundry, IndiaBHAVANI, a sex worker, is found lying unconscious on National Highway 5. Her shoulder is broken and her body slashed with a blade all over. She was gang-raped. A worker at the nearby petrol station reported...

HSBC launches new service for NRB investors in stock market

The Hong Kong and Shanghai Banking Corporation (HSBC) Limited in Bangladesh Tuesday launched a new custodian service, first of its kind allowing the non-resident Bangladeshis (NRBs) to invest in the capital market.Under this service called 'Smart Capital', the HSBC will...

Assault on reason: The mutual fund fiasco

The philosophers for thousands of years have been trying to determine causality. The desire to find the cause-and-effect relationship between two or more different events has always been the quest of mankind. In over ten thousand years of human history,...

NHFIL gets SEC nod to raise IPO

The Securities and Exchange Commission (SEC) Tuesday gave approval to the National Housing Finance and Investment Limited (NHFIL) to raise Tk 50 million through initial public offering (IPO).The approval came at the commission's meeting held Tuesday.The NHFIL, a private sector...

Six Ctg colleges to raise 1000 seats in Class XI

CHITTAGONG, Aug 5: With a view to solving the admission crisis in the intermediate colleges, Board of Intermediate and Secondary Education (BISE), Chittagong has increased one thousand extra seats in class XI of six colleges in the city, BISE sources...

Power-sharing deal close in Zimbabwe

JOHANNESBURG, August 5 (Reuters): Zimbabwe's ruling party and the opposition are close to a power-sharing deal that would turn Robert Mugabe into a ceremonial president, a South African newspaper reported on Tuesday.The report came as Zimbabwean state media reported ZANU-PF...

Greenspan warns govts may have to bail out more banks

LONDON, Aug 5 (AFP): Former US Federal Reserve chairman Alan Greenspan warned today that governments the world over may have to bail out more banks before the current financial crisis is over.Writing in the Financial Times, Greenspan also warned of...

Barisal's Shantu rejects results

Barisal, Aug 5 (bdnews24.com): PDP leader Sharfuddin Ahmed Shantu has rejected the unofficial results of the Barisal City Corporation election, declaring rival Awami League-backed Shawkat Hossain Hiron as mayor, while a local BNP leader has also cast doubts on the...

Hewitt set for Games despite hip problem

BEIJING, Aug 5 (AFP): Australia's Lleyton Hewitt flew out for the Olympic Games Tuesday despite an ongoing hip problem that has kept him sidelined for the past month, reports said.The former world number one and double Grand Slam winner left...

Pak livestock contribution to agriculture GDP rises to 52pc

LAHORE, Aug 5 (APP): The contribution of livestock income in the GDP of agriculture sector has risen to 52 per cent but its share in government funding has always been comparatively low.University of Veterinary and Animal Science (UVAS) Vice Chancellor...

Thrust on encouraging local industries

Commerce Advisor Hossain Zillur Rahman said that the just-concluded local government elections have shown that the people of the country have full confidence and belief in the democratic process.Terming it a 'huge confidence boost' for the nation Zillur, credited the...

Mists on K2 prolong Italian survivor's ordeal

ISLAMABAD, August 5 (Reuters): Heavy mists around K2 prevented a Pakistani army helicopter from attempting to airlift a stricken Italian climber off the world's second-highest mountain Tuesday, following a climbing disaster that killed 11 others.Hobbling on severely frostbitten feet, Marco...

Green Delta Ins settles insurance claim of Lafarge Surma

Green Delta Insurance Co Ltd has recently settled an insurance claim of Tk 338 million (Tk 33.8 crore) of Lafarge Surma Cement Ltd against a business interruption claim lodged by the company.Nasir A Chowdhury, managing director and CEO of Green...