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S E Asian tourists soar on low-cost wings

2007-06-18 00:00:00

BANGKOK, June 17 (AFP): Low-cost carriers are dramatically expanding their network of flights across the Mekong region, encouraging record numbers of Southeast Asian tourists to explore neighbouring countries.Thailand's top budget airline, Thai AirAsia, plans to double its flights from Bangkok...

Huge city a test-case for China's urban future

2007-06-18 00:00:00

CHONGQING, China, June 17 (AFP): As China becomes a more urban society, its leaders could not do better than look to Chongqing, deep in the nation's southwest, for lessons about managing vast and sprawling cities.Rapid economic growth has made Chongqing...

Canada, India end talks on investment promotion pact

2007-06-18 00:00:00

OTTAWA, June 17 (Xinhua): Canada has concluded negotiations on a foreign investment protection and promotion agreement (FIPA) with India, marking an important step in tightening bilateral trade ties, International Trade Minister David Emerson announced yesterday."This FIPA is a concrete step...

Asian currencies fall against dollar

2007-06-18 00:00:00

HONG KONG, June 17 (AFP): Asian currencies ended the week mostly lower against the dollar after rock-bottom Japanese interest rates were left unaltered and the likelihood of a rise in Australian rates receded. JAPANESE YEN: The yen sank to a...

Indian biotech firms struggle for food breakthrough

2007-06-18 00:00:00

BANGALORE, India, June 17 (AFP): Metahelix Life Sciences, a biotech firm founded by five Indian scientists in 2001, says it is doing research that may lead to the development of insect-protected rice and high-yield corn. Avesthagen, which like Metahelix is...

Hong Kong market shuts amid bird flu fears

2007-06-18 00:00:00

HONG KONG, June 17 (AFP): A bird market in Hong Kong has been closed down amid fears of an avian flu outbreak after a starling tested positive for the deadly H5N1 strain of the disease. Authorities said yesterday the market,...

China imports more synthetic rubber at higher prices

2007-06-18 00:00:00

BEIJING, June 17 (Xinhua): China imported 484,000 tons of synthetic rubber in the first four months of this year, a growth of 14.7 per cent over the same period of last year, according to customs sources. The imports were valued...

Zimbabweans turn to wheeling, dealing to top-up salaries

2007-06-18 00:00:00

HARARE, June 17 (AFP): Zimbabwean schoolteacher Sylvia Ngandu is unapolegetic about juggling her responsibilities in the classroom with her other job selling fruit and vegetables in order to make ends meet. "At first the school head threatened me with suspension...

Danone fiasco underlines China business risks

2007-06-18 00:00:00

BEIJING, June 17 (AFP): Rogue companies. Secret profits. Legal threats. Allegations of "evil deeds" and "tyranny." It may sound like an overwrought corporate thriller, but all are elements in a dispute between French firm Danone and its Chinese partner which...

Four pharma cos to enter European mkt next year

2007-06-18 00:00:00

Four leading pharmaceutical companies will qualify to enter with their products in the European markets next year, reports UNB."We the four companies will be able to export and fetch US$ 10-15 million each by exporting our products," said Abdul Muktadir,...

CBC holds workshop on money laundering

2007-06-18 00:00:00

FE ReportCommercial Bank of Ceylon Ltd (CBC) organised a workshop on Anti-Money Laundering, Phase-II in the city Saturday.Acting General Manager M Mahfuzur Rahman and Anti-Money Laundering Department Deputy General Manager of Bangladesh Bank Swapan Kumar Biswas conducted the session. The...

EU to raise TRTA to 2b euros by 2010

2007-06-18 00:00:00

DU CorrespondentAmbassador of the European Commission (EC) to Bangladesh Stefan Frowein Sunday said the European Union (EU) would raise its trade related technical assistance (TRTA) to 2.0 billion euros by 2010 for Bangladesh to enable the country face various challenges...

Govt borrows Tk 7.00b thru' treasury bills

2007-06-18 00:00:00

FE ReportThe government borrowed Tk 7.00 billion (700 crore) Sunday through auctions of treasury bills. It will result in withdrawal of Tk 7.00 billion from the market in the week.The central bank conducted auctions of 28-day, 91-day and 364-day bills...

EU to raise TRTA to 2b euros by 2010

2007-06-18 00:00:00

DU CorrespondentAmbassador of the European Commission (EC) to Bangladesh Stefan Frowein Sunday said the European Union (EU) would raise its trade related technical assistance (TRTA) to 2.0 billion euros by 2010 for Bangladesh to enable the country face various challenges...

DBBL donates Tk 2.5m for distressed people of Ctg

2007-06-18 00:00:00

FE Report Dutch-Bangla Bank Limited (DBBL) donated Tk 2.5 million (25 lakh) for the distressed people of Chittagong. DBBL Managing Director Md Yeasin Ali handed over the cheque of the said amount to Adviser for Communications, Shipping, Civil Aviation and...

Thrust on feasibility study before investment decisions

2007-06-18 00:00:00

FE ReportSpeakers at a workshop recently said, before making investment decisions in the industrial financing sector by the banks, financial institutions and the entrepreneurs, it is very important to undertake a detailed feasibility study. They made the observation at the...

1st int'l confce of young economists held in city

2007-06-18 00:00:00

FE ReportThe First International Conference of Young Economists 2007 (ICYE '07), organised by the Young Economists' Forum (YEF) of North South University (NSU), was held at a city hotel Sunday. University Grants' Commission (UGC) Chairman Nazrul Islam inaugurated the daylong...

Poland to recruit Bangladeshi workers in infrastructure sector

2007-06-18 00:00:00

Poland is interested to recruit Bangladeshi workers for construction and infrastructure sectors of the European country to fill vacancies created there through migration of their own people to high-salaried European Union (EU) countries, reports UNB."We discussed the possibilities of Bangladeshi...

Titan outlet opens at Bashundhara City

2007-06-18 00:00:00

FE ReportTitan started a new retail experience for consumers by launching its exclusive showroom 'World of Titan' at Bashundhara City Mall in the city Sunday.Noted TV actress and theatre personality Bipasha Hayat inaugurated the showroom. Kallol Group of Companies Managing...

Green Delta Ins honours book lover Polan Sarkar

2007-06-18 00:00:00

FE ReportIn the continuing step for Corporate Social Responsibility (CSR), Green Delta Insurance Company Limited (GDICL) honoured renowned book lover Polan Sarkar of Rajshahi.GDICL Managing Director and Chief Executive Officer (CEO) Nasir A Chowdhury handed over more than 300 books...

Agriculture Tech Fair ends in Barisal

2007-06-18 00:00:00

BARISAL, June 17 (BSS): A three-day 'Krishi Prajukti Mela' (Agriculture Technology Fair) was concluded here on the premises of Barisal regional office of the Department of Agriculture Extension (DAE) Saturday.The concluding function was presided over by DAE Deputy Director GMS...

Gulf Oil holds distributors'confce

2007-06-18 00:00:00

FE ReportThe annual distributors' conference of Gulf Oil Bangladesh Limited was held in Cox's Bazar Friday. Among others, the company's Chairman V Ramesh Rao, CEO TM Mazumder, Director V Satish Kumar, Company Secretary ATM Nurun Nobi and Sales Manager Nazmul...

Plea for withdrawal of 4.5pc VAT from tuition fees

2007-06-18 00:00:00

DU CorrespondentThe Association of Private Universities of Bangladesh made a plea to the caretaker government for withdrawal of the proposed 4.5 per cent VAT from the tuition fees of private universities, said a press release.The Vice-Chancellors of some 35 private...

CRAB, State Bank of India sign deal for credit rating

2007-06-18 00:00:00

FE ReportState Bank of India (SBI) recently signed an agreement with Credit Rating Agency of Bangladesh (CRAB) for the credit rating of the bank's Bangladesh operations, said a press release. Under the agreement, CRAB, the leading credit rating agency will...

Eight fair price shops opened in Lakshmipur

2007-06-18 00:00:00

LAKSHMIPUR, June 17 (BSS): The District Banik Samity under supervision of the joint forces opened eight fair price shops at municipality office premises in the town Saturday.District Army Camp Commander Dewan Akbar Ali inaugurated the shops while local Deputy Commissioner...

Intel to enhance its Itanium chips

2007-06-18 00:00:00

ROME, June 17 (AP): Intel ignited a new round of competition with Sun Microsystems and International Business Machines today by announcing plans to bring its most advanced chip-making technology to its Itanium line of business chips for the first time.The...

Change of AGM, EGM date of AB Bank

2007-06-18 00:00:00

AB Bank: Arab Bangladesh (AB) Bank Limited has stated that due to some unavoidable circumstances, the bank has decided to re-fix the date of holding annual general meeting (AGM) and extra-ordinary general meeting (EGM) of the bank on September 04,...

EU foreign ministers gather in Luxembourg for key treaty talks

2007-06-18 00:00:00

LUXEMBOURG, Jun 17 (AFP): European foreign ministers Sunday begin a frantic week of diplomatic talks aimed at reaching agreement on the path towards a new EU treaty to replace the bloc's failed constitution. At their evening meeting in Luxembourg they...

Abbas swears in new Palestinian cabinet

2007-06-18 00:00:00

RAMALLAH, West Bank, Jun 17 (AFP): Palestinian president Mahmud Abbas swore in his new cabinet Sunday, further sealing the divide sparked by Hamas's bloody takover of the Gaza Strip, where fears of a humanitarian crisis are mounting. Palestinian officials hope...

Thousands cheer suspended Pakistan judge

2007-06-18 00:00:00

FAISALABAD, Jun 17 (AFP): Thousands of Pakistanis braved the rain here Sunday to cheer the country's top judge, keeping the pressure on President Pervez Musharraf to end a crisis over the chief justice's ouster. About 5,000 lawyers and opposition party...