FE Report | 2008-08-06 00:00:00
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...
Naim-Ul-Karim | 2008-08-06 00:00:00
Bangladesh exports posted a 15.87 percent growth in the outgoing fiscal year to a robust US$14.11 billions, spurred by impressive show of garments and an all-time high monthly shipments in June, officials said Tuesday.The country shipped goods worth around two...
BEIJING, Aug 5 (AFP): The Olympic men's football competition, which kicks off Thursday under a pall of legal action, shapes as a South American extravaganza featuring Argentina and Brazil-but not in the final.As football celebrates 100 years as an Olympic...
BEIJING, August 5 (AFP): China declared Tuesday it could guarantee a safe Olympics three days ahead of the Games, as it tightened security in its remote northwest following a deadly attack blamed on Muslim terrorists.Authorities said the two assailants who...
The recent decision of the government to lease out to the private sector, five of the eight jute mills that were earlier closed down is a welcome decision. Hopefully, the re-opening of the mills under private management would pave the...
Mutual Trust Bank Limited (MTB) in association with Dhaka University Alumni Association (DUAA) has helped 67 meritorious and needy students of all institutes of the DU, TSC and Dhaka Medical College.The bank helped the students as a part of its...
Raqibul Alam Charu of Bogra Station Club emerged champion in the Boys' singles (Under-12) of the Dhaka Open Tennis Competition crushing Suraka Suchana of ZITC in the final at the National Tennis Complex in the city Tuesday, reports UNB.In the...
FE Report | 2008-08-06 00:00:00
JANIPOP, Jatiya Nirbachon Parjobekkhon Parishad (National Election Observation Council), has observed four city corporations and three municipalities by deploying 399 mobile observers under the leadership of its chairman Prof Dr Nazmul Ahsan Kalimullah.From its long-term and Election Day observations covering...
BNP secretary general has decried Monday's city corporation and pourasava elections saying it was a rehearsal for the parliamentary polls through a covert understanding under the emergency, reports UNB.Addressing the party workers at the Institute of Engineers he said the...
The final round of the Citycell Federation Cup Football Tournament kicks-off today (Wednesday) at the Bangabandhu National Stadium with professional league (B League) champions Dhaka Abahani Limited playing Jatrabari KC in the opening match at 5:00 pm, reports UNB.In the...
BEIJING, Aug. 5 (Xinhua): The latest information provided by the Chinese Ministry of Agriculture shows that China now promises a good early rice harvest, and a fine foundation to autumn grain production, so the full year grain production will continue...
A delegation of Bangladesh Scouts called on President Iajuddin Ahmed at Bangabhaban in the city Tuesday, reports BSS.The delegation, led by newly elected president of Bangladesh Scouts and Education Secretary Mohammad Momtazul Islam, sought the President's cooperation and guidelines in...
Managing Director of the JAGO Corporation Ltd. contradicted the news item published in the 'Corporatewatch of July 23, 2008 issue of The Financial Express. In a rejoinder, he said the news in baseless and as the company submitted the audited...
Ferdous Alam | 2008-08-06 00:00:00
Improved energy planning at the soonest is proving to be more and more an absolute imperative for Bangladesh in the backdrop of its growing energy needs to expand its economy, fast and mindless depletion of its main energy source, inadequate...
FE Report | 2008-08-06 00:00:00
The central bank continues to offer overdraft (OD) facilities to the commercial banks, particularly the state-owned commercial banks (SCB), for settlement of oil import bills, officials said.Under the move, the Bangladesh Bank (BB) provided OD facilities for US$16 million in...
LONDON, Aug 5 (AFP): World oil prices fell below 120 dollars a barrel today, a day after hitting the trough for the first time for three months, as slowing US demand for energy offsets tensions over crude-rich Iran, traders said.Brent...
FE Report | 2008-08-05 00:00:00
Chief Adviser Dr. Fakhruddin Ahmed asked the ministries to issue work orders for all procurements against development projects under the current ADP by December this fiscal aiming to implement those in time, an official said."Against the backdrop of poor ADP...
FE Report | 2008-08-05 00:00:00
The High Court (HC) Monday stayed for a period of three months the changes made by the capital market regulator in the rules for the close-end mutual funds, restricting the funds from issuing preemptive rights or bonus shares.A HC division...
ABU DHABI, Aug 4 (Xinhua): Air Arabia, a low-cost airline of the United Arab Emirates (UAE), announced yesterday a net profit of 160 million dirhams (43.6 million US dollars) for the first half of 2008, growing by 39 per cent...
FE Report | 2008-08-05 00:00:00
The central bank continues to offer overdraft (OD) facilities to the commercial banks, particularly the state-owned commercial banks (SCB), for settlement of their oil import bills, officials said.Under the move, the Bangladesh Bank (BB) provided OD facilities for US$6.0 million...
FE Report | 2008-08-05 00:00:00
Four factories of Bangladesh Chemical Industries Corporation (BCIC) named TSP Complex, Usmania Glass Sheet Factory (UGSF), Bangladesh Insulator and Sanitary Ware Factory (BISF) and Karnaphuli Paper Mill (KPM) achieved their production targets in the financial year (FY) 2007-08 and earned...
This is in response to two articles on gas published in The Financial Express in recent times which I read with avid interest. These articles were headlined as 'Proposed gas price hikes should be rational' and 'Falling gas reserve and...
Bangladesh Navy Chief and Bangladesh Swimming Federation President Vice Admiral Sarwar Jahan Nizam Monday met with the two Beijing-bound swimmers at the Naval Headquarters, reports UNB.During the meeting, he urged the swimmers to try their best in the Olympic games...
Mayor hopefuls in four city corporations Monday expressed happiness over the atmosphere during the elections, but some of them said a few setbacks might affect the results, reports bdnews24.com."Voting went on peacefully. But ballot papers were very thin which might...
FE Report | 2008-08-05 00:00:00
The inter-bank call money rate eased further Monday with improvement in liquidity position. US dollar, on the other hand, remained stable against Bangladesh taka (BDT) in the inter-bank foreign exchange market due to moderate demand for the greenback, fund managers...
Ten people were killed and seven others sustained burn injuries in a devastating fire at Aga Sadek Road in Kotwali thana of the city Sunday midnight, Fire Brigade official said, reports UNB.Police, however, said they recovered nine dead bodies from...
Naim-Ul-Karim | 2008-08-05 00:00:00
The country's booming shipbuilding industry is facing hurdles in securing overseas orders as the local enterprises are finding it difficult to arrange third party guarantee from internationally recognised banks as per demand of the foreign buyers, sector insiders said Sunday.They...
PIROJPUR, Aug 4 (UNB): Work on the housing project taken up for the four Sidr-stricken districts with the financial assistance of the Kingdom of Saudi Arabia (KSA) government has finally started from Sharankhola Upazila of Bagerhat district.Members of Saudi Relief...
CHITTAGONG, Aug 4 (UNB): Chikdan Priya (60), an old female voter in Sitakundu municipality area, fell sick and died a few minutes after casting her vote Monday.Local people said she was in a queue for long in the sultry weather...
The agreement was meant to formally re-open peace talks to end nearly 40 years of conflict that has killed more than 120,000 people, displaced 2 million, and stunted growth in the region.MANILA, August 4 (Reuters): The Philippines' Supreme Court issued...
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