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S'porean investors seek spl economic zone

2007-06-19 00:00:00

Singapore sought establishment of a special economic zone (SEZ) in Bangladesh for the Singaporean investors for boosting investment, reports UNB.A trade delegation of the Textile and Fashion Federation (TFF) of Singapore placed the plea for establishing the SEZ when they...

FMO, StanChart sign deal with three PCBs on BDTEF

2007-06-19 00:00:00

FE ReportNetherlands Development Finance Company (FMO) and Standard Chartered (StanChart) Bank recently signed an agreement 'Bangladesh Trade Enhancement Facility (BDTEF)' with three private commercial banks (PCBs).With its trade enhancement facility, the FMO partly guarantees the confirmation by StanChart Bank for...

Export earnings increase by 18.50pc

2007-06-19 00:00:00

The country's export earnings in the first 10 months of the current fiscal stood at $9912.79 million (991.279 crore) against the target of $9990 million, reports BSS.According to an Export Promotion Bureau (EPB) handout, the export earnings from July 2006...

IBBL signs remittance deals with UAE, Malaysian cos

2007-06-19 00:00:00

FE ReportIslami Bank Bangladesh Limited (IBBL) has recently signed two remittance deals with Al Ansari Exchange Establishment of UAE on instant cash and Bank Muamalat Malaysia Berhad of Malaysia on remittance.IBBL Deputy Executive President Mohammad Abdul Mannan and Al Ansari...

Panasonic AC scratch card campaign rewards consumers

2007-06-19 00:00:00

FE ReportPanasonic handed over discount vouchers to two of the lucky winners of its ongoing 'Panasonic Air-conditioner Scratch Card Campaign' at a function in the city Sunday.Anisur Rahman Khokon of MK Electronics handed over the 25 per cent discount vouchers...

RAKUB holds board meeting

2007-06-19 00:00:00

The 308th meeting of the board of directors of Rajshahi Krishi Unnayan Bank (RAKUB) was held Sunday at the bank's head office in Rajshahi, reports BSS. RAKUB sources said, several important decisions on different issues, including manpower structure, service rules,...

BIAA team signs MoU at Kunming

2007-06-19 00:00:00

FE ReportA five-member Bangladesh Indenting Agents' Association (BIAA) business delegation participated in the 'Kunming Commodities Fair' in China from June 6 to June 10.The delegation comprised BIAA Senior Vice President Rafiqui Islam Masum, immediate-past president Syed Moazzam Hossain, directors KMH...

Samson H Chy elected MTBL chairman

2007-06-19 00:00:00

FE ReportMutual Trust Bank Limited (MTBL), in its 78th board meeting, have elected the bank's sponsor directors Samson H Chowdhury and Arif Dowla its chairman and vice-chairman respectively.Earlier, S Chowdhury was MTBL's vice-chairman. He is also the chairman of Square,...

Surge in subsidy won't benefit the poor, fear analysts

2007-06-19 00:00:00

Many people think an increase in subsidies in the proposed budget will give the poor an enhanced incentive to ease their sufferings. Not so, said budget analysts, reports bdnews24.com. Finance Adviser AB Mirza Azizul Islam proposed an allocation of Tk...

AKTEL distributes relief materials for landslide victims

2007-06-19 00:00:00

FE ReportAKTEL, country's one of the leading mobile operators, joined its hands with the people affected by landslides triggered by heavy rain and thunder storms on June 10 and June 11 at the port city of Chittagong.AKTEL contributed relief materials...

Shahjalal Islami Bank Foundation holds first meet

2007-06-19 00:00:00

FE ReportThe first meeting of the Shahjalal Islami Bank Foundation was held at its head office in the city recently.Chairman of the foundation Sajjatuz Jumma presided over the meeting.Also present on the occasion were SJIB Foundation vice-chairmen Md Solaiman and...

Local cos receive $3.77m export order from Seoul Fair

2007-06-19 00:00:00

FE ReportBangladeshi companies have received confirmed order of $0.27 million (2,70,000) and prospective order of $3.5 million from Korea.These orders were received from the Imported Goods Fair, held at Seoul in Korea, on May 29 - June 1. Bangladesh participated...

Trust Bank opens branch in Moulvi Bazar

2007-06-19 00:00:00

FE ReportTrust Bank limited opened its new branch in Moulvi Bazar recently.Chief of Army Gen Moeen U Ahmed and Chairman of the bank inaugurated the new branch in Moulvi Bazaar, while Managing Director Iqbal U Ahmed was in the chair.Maj...

Apollo Hospitals, VSO Bangladesh sign deal

2007-06-19 00:00:00

FE ReportApollo Hospitals Dhaka signed a corporate agreement with Voluntary Service Overseas (VSO) Bangladesh to provide medical services and special corporate benefits to its staff in the city recently.Apollo Hospitals Director (Medical Services) and interim CEO Praful B Pawar and...

GM Chy of IBA made U&I alliance president

2007-06-19 00:00:00

FE ReportProfessor GM Chowdhury of Institute of Business Administration (IBA) has been elected founder president of University and Industry (U&I) Alliance.U&I is a management and educational consulting centre of the Dhaka University. Chowdhury has over 22 years of teaching and...

Unauthorised NGO doing brisk business in Sirajganj

2007-06-19 00:00:00

Our Correspondent SIRAJGANJ, June 18: An organisation named Al-Hera Samaj Kalyan Sangstha (AHSKS) is allegedly running brisk banking business in Sirajganj district, without obtaining any permission from Bangladesh Bank, NGO Bureau or even, without any certificate of Social Services Department...

Bank Asia launches SME banking

2007-06-19 00:00:00

FE ReportBank Asia Ltd, a leading private commercial bank, has launched banking operations for the Small and Medium Enterprises (SME).The programme 'Shaschhandya' will provide financial services to the SME businessmen for expansion of their current capital and fixed assets in...

First BSRS Mutual Fund announces NAV

2007-06-19 00:00:00

As per the Securities and Exchange Commission (SEC) Mutual Fund Rules 2001, First Bangladesh Shilpa Rin Shangsghta (BSRS) Mutual Fund, has announced its Net Asset Value (NAV) at the close of business on 31 May, 2007 of each certificate of...

AGM of National Life Ins on August 22

2007-06-19 00:00:00

The 22nd annual general meeting (AGM) of National Life Insurance Company Limited will be held on August 22, 2007 at 11:30 am at Dhaka Sheraton Hotel in the city. Other information of the AGM has been announced earlier.Purchase/ sale of...

EU backs new Palestinian government

2007-06-19 00:00:00

GAZA CITY, Gaza Strip, Jun 18 (AP): The emergency government that Palestinian President Mahmoud Abbas installed after Islamic militants seized control of Gaza reaped its first windfall Monday, with the European Union promising to restore hundreds of millions of dollars...

French President may shuffle his Cabinet

2007-06-19 00:00:00

PARIS, Jun 18 (AP): President Nicolas Sarkozy may shuffle his nascent government following the defeat of the No. 2 Cabinet official in weekend parliamentary elections, contests that gave him a comfortable majority but not the crushing victory predicted in polls....

Pakistani parliament protests honour for Rushdie

2007-06-19 00:00:00

ISLAMABAD, Jun 18 (Reuters): Pakistan's parliament has condemned the award of a British knighthood to author Salman Rushdie, whose novel "The Satanic Verses" outraged many Muslims around the world, and said Britain should withdraw the honour. Rushdie was awarded a...

All EU countries to lose out if there's no deal on new treaty: Germany

2007-06-19 00:00:00

LUXEMBOURG, Jun 18 (AFP): German Foreign Minister Frank-Walter Steinmeier warned Monday that all EU countries will lose out if there is no deal on a new treaty to drag the Union out of its institutional malaise. "If there is no...

ROK, US expect DPRK nuke shutdown in weeks

2007-06-19 00:00:00

SEOUL, Jun 18 (AFP): South Korean and US negotiators said Monday they expect North Korea to start closing down its reactor within weeks as the first step in a promised nuclear disarmament programme. The North announced Saturday it had invited...

Barred HIV-positive kids allowed back to school in India

2007-06-19 00:00:00

PAMBADY, Jun 18 (AFP): A school in southern India allowed a group of HIV-positive children back to class Monday after a six-month battle that has highlighted the stigma suffered by the country's AIDS sufferers. The Christian-affiliated school in the southern...

Australia, US launch massive war game

2007-06-19 00:00:00

SYDNEY, Jun 18 (AFP): Australia and the United States launched a massive war game Monday aimed at honing their ability to act together against threats to Asia-Pacific security, commanders said. More than 20,000 US troops and 12,000 Australians, backed by...

Bomb injures 14 in Thai Muslim south

2007-06-19 00:00:00

YALA, Thailand, Jun 18 (AFP): Fourteen people were wounded today when a bomb exploded inside a busy teashop in Thailand's Muslim- majority south, where a separatist insurgency is raging, police said. The bomb was planted under a table in the...

US-led airstrike kills 7 Afghan children

2007-06-19 00:00:00

KABUL, Jun 18 (AP): Seven children were killed in a US-led coalition airstrike targeting suspected al-Qaida militants in eastern Afghanistan, a coalition statement said Monday. The strike came hours after the deadliest insurgent attack since the Taliban fell in 2001....

Mongolia helicopter crash kills 14

2007-06-19 00:00:00

ULAN BATOR, Mongolia, Jun 18 (AP): A helicopter carrying firefighters and equipment crashed into a mountain last week, killing 14 of 22 aboard, a government official said Monday. The Russian-made Mi-8 helicopter disappeared Wednesday en route to a forest fire...

Muktis atop tally

2007-06-19 00:00:00

Muktijoddha Sangsad KC took the top slot of the league's points table beating Rahmatganj MFS by 3-1 goals in the return league match of the B League at the Bangabandhu National Stadium in the city Monday, reports UNB.Muktijoddha Sangsad secured...