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Govt suspends deep-sea port plan for fund constraints

2007-07-31 00:00:00

Shipping and Communications Adviser MA Matin Monday said the caretaker government has suspended construction of the proposed deep-sea port considering the huge involvement of fund, reports UNB."It will involve Tk 420 billion (42,000 crore) and it would be complete in...

CRAB holds AGM

2007-07-31 00:00:00

FE ReportThe third annual general meeting (AGM) of Credit Rating Agency of Bangladesh (CRAB) Limited was held at a city hotel recently.CRAB Chairman M Syeduzzaman presided over the meeting. Also present on the occasion were CRAB Vice Chairman Md Matiul...

Conversion of diesel-run vehicles can reduce huge import bill

2007-07-31 00:00:00

FE Report Every year Bangladesh can reduce millions of dollars in fuel import cost through conversion of diesel run vehicles, marine engines and generators to run on compressed natural gas (CNG), discussants said at a workshop.Besides, they said by converting...

Prime Bank opens branch at Ashulia

2007-07-31 00:00:00

FE ReportPrime Bank Limited (PBL) opened the 53rd branch of the bank at Ashulia Monday. PBL Chairman Azam J Chowdhury inaugurated the branch as the chief guest.Managing Director of the bank M Shahjahan Bhuiyan presided over the inaugural programme, while...

Mercantile Bank holds half-yearly conference

2007-07-31 00:00:00

FE ReportThe half-yearly business conference 2007 of Mercantile Bank Limited (MBL) was held at a city hotel recently. MBL audit committee Chairman AKM Shaheed Reza inaugurated the conference as the chief guest. The bank's Acting Managing Director M Nurul Islam...

SJIBL forex branch shifted to new premises to increase business

2007-07-31 00:00:00

FE ReportShahjalal Islami Bank Limited (SJIBL) has shifted its foreign exchange branch to its new premises at Modern Mansion at Motijheel Commercial Area in the city Sunday to cope with the increase in the volume of business and the number...

ICB approves record dividends on all funds

2007-07-31 00:00:00

FE ReportThe Investment Corporation of Bangladesh (ICB) declared record dividends on its eight Mutual Funds and on the Unit Fund.The rates of dividends are 240.00 per cent for the First Mutual Fund, 62.00 per cent for Second, 56.00 per cent...

No steps to curb sky-rocketing prices of essentials in Ctg

2007-07-31 00:00:00

Our CorrespondentCHITTAGONG, Jul 30: No positive steps are yet in sight to rescue general people from sky-rocketing prices of essential commodities in the port city, sources said.The toiling masses are leading their lives amid the constant rise in prices.Goods including...

IBBL holds training course on Ceylinco Fast Cash

2007-07-31 00:00:00

FE ReportInternational Banking Wing of Islami Bank Bangladesh Limited organised a day-long training programme on 'Ceylinco Fast Cash' at the Mohammad Younus Auditorium of Islami Bank Tower Monday. IBBL Executive Committee President M Fariduddin Ahmad was present at the function...

BOI, LEIC sign deal for development of local SMEs

2007-07-31 00:00:00

FE ReportThe Board of Investment (BOI) and Local Enterprise Investment Centre (LEIC) signed a MoU Sunday. Under the deal, LEIC and BOI will work together for the development of the local SMEs through facilitating creation of joint ventures, and offering...

Bank Asia opens ATM booths at Sk Mujib Road, EPZ branches

2007-07-31 00:00:00

FE ReportBank Asia inaugurated its two ATM booths at Sheikh Mujib Road and EPZ branches in Chittagong. Bank Asia Deputy Managing Director Erfanuddin Ahmed inaugurated the booths. Zonal Head Khorshed Alam and all branch mangers of the bank under its...

Thrust on industrialisation for poverty alleviation

2007-07-31 00:00:00

Our CorrespondentBRAHMANBARIA, July 30: Speakers at a seminar emphasised rapid industrialisation, ensuring health care services, spreading of mass education, agricultural development and food security, and generating employment opportunity to ensure poverty alleviation.They expressed the opinion at a seminar titled "Millennium...

Shafquat new HSBC personal financial services head

2007-07-31 00:00:00

FE Report Md Shafquat Hossain has been promoted to the head of personal financial services of the HSBC Bangladesh with effect from tomorrow (Wednesday).Hossain has over 10 years experience in retail banking having worked at American Express Bank, ANZ Grindlays...

IPO diary

2007-07-31 00:00:00

City General Insurance Company Limited Nature of Business: General Insurance Subscription Open: Aug 19 2007Subscription Close: Aug 23 2007 Offer Price (Tk.): 100.00 Market lot (Share): 50 Public Offer (Share): 900,000 Sponsors Portion (Share): 600.000 Private Placement (Share): Total Paid...

corporatewatch

2007-07-31 00:00:00

SEC's information for membersAs per the Securities and Exchange Commission (SEC) order, the financial adjustment against trading of 'A' category securities will remain suspended with effect from today (Tuesday) until further order. All members of Dhaka Stock Exchange (DSE) are...

SE Asia moves closer to historic charter

2007-07-31 00:00:00

MANILA, July 30 (AFP): Southeast Asian nations moved closer Monday to approving a historic charter to bind the region's half billion people closer together for the economic and security challenges of the 21st century. Facing increased competition from China and...

US defence, diplomacy chiefs make key Mideast trip

2007-07-31 00:00:00

WASHINGTON, July 30 (AFP): US President George W. Bush's defence chief and top diplomat head Monday on a vital mission to the Middle East to seek Arab support for Iraq and discuss weapons sales to regional allies. Amid growing calls...

Bush, Brown to meet at Camp David under Iraq shadow

2007-07-31 00:00:00

WASHINGTON, July 30 (AFP): US President George W. Bush holds talks with Gordon Brown Monday, with the new British prime minister hoping to secure support for a peace deal on Darfur and movement on stalled world trade talks. But the...

Taliban deadline for hostages passes

2007-07-31 00:00:00

KABUL, July 30 (AP): A purported Taliban deadline for the lives of 22 South Korean hostages passed with no word on the captives' fate Monday, and an Afghan governor pleaded with the militants to give negotiations more time. Qari Yousef...

Abe vows cabinet reshuffle after election defeat

2007-07-31 00:00:00

TOKYO, July 30 (AFP): Japanese Prime Minister Shinzo Abe pledged Monday to reshuffle his scandal-plagued cabinet and push forward his conservative agenda after voters handed his party a landmark defeat. The Liberal Democratic Party, which has ruled Japan almost continuously...

NGOs report humanitarian crisis in Iraq

2007-07-31 00:00:00

LONDON, July 30 (AP): About 8 million Iraqis - nearly a third of the population - need immediate emergency aid because of the humanitarian crisis caused by the war, relief agencies said Monday. Those Iraqis are in urgent need of...

India-Sri Lanka peace accord marks 20 years with war

2007-07-31 00:00:00

COLOMBO, July 30 (AFP): When India and Sri Lanka signed a peace pact two decades ago it was hailed as a landmark that could end Asia's longest running civil war. But since then, the bloodshed has only got worse. The...

Iran criticises US, Saudis arms deal

2007-07-31 00:00:00

TEHRAN, July 30 (AP): Iran's foreign ministry spokesman Monday criticised a US plan to sell state-of-the-art weapons to Saudi Arabia, saying it would undermine security in the Middle East, the state broadcasting company reported. Mohammad Ali Hosseini's comments followed reports...

Musharraf may quit army to seal Bhutto deal

2007-07-31 00:00:00

ISLAMABAD, July 30 (AFP): Pakistan President Pervez Musharraf may hang up his army uniform to pave the way for a pact with former prime minister Benazir Bhutto after the pair met in Abu Dhabi, a minister said Monday. Military ruler...

Nepali flood toll reaches 74

2007-07-31 00:00:00

KATHMANDU, July 30 (Xinhua): Floods and landslides triggered by incessant rainfall across Nepal have claimed at least 74 lives as of Sunday evening, local newspaper The Kathmandu Post reported Monday. Nepali Home Ministry confirmed the death of at least 69...

Students to get NCTB English grammar textbook soon

2007-07-31 00:00:00

The National Curriculum and Textbook Board (NCTB) is to publish an English grammar textbook for higher secondary students, reports bdnews24.com. NCTB chairman Mohammad Yusuf Farooq said that the book would be available to students who enrolled this year. He said...

Results of NU Exams published

2007-07-31 00:00:00

Results of part-III of Honours of Physics, Geography, Bangla and History, and first part of Masters of Arabic, Pali and Sanskrit of 2005 under the National University were published Sunday, reports BSS.The results have been sent to the respective colleges...

Mango orchards being made in Rajshahi

2007-07-31 00:00:00

RAJSHAHI, July 30 (UNB): People in the district are planting mango saplings in large scale during the current rainy season favourable for its plantation.They are enthusiastically buying mango saplings from nearby nurseries or markets for planting in order to change...

Training workshop on disaster risk reduction opened

2007-07-31 00:00:00

FE ReportSpeakers at a training workshop on "Disaster Risk Reduction and Early Warning" Monday emphasised on modernisation of early warning dissemination system and strengthening information service on disaster management, said a press release. The workshop was jointly organised by National...

Contributions of Ajit Roy and Shaheen Samad recalled

2007-07-31 00:00:00

A reception has been accorded to two noted singers of the country Ajit Roy and Shaheen Samad recalling their invaluable contributions to the cultural field, reports BSS.Katha Lalitakala Academy, a cultural institute for the children in the city, organised the...