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Myanmar pharmaceutical imports increase

2007-06-12 00:00:00

YANGON, June 11 (Xinhua): Myanmar imported pharmaceutical products valued at 100 million U.S. dollars in 2006-07 which ended in March, an increase by 25 per cent from 2005-06 when it was 80 million dollars, a local media reported today. These...

Shanghai Gold Exchange to enrol foreign bank members

2007-06-12 00:00:00

BEIJING, June 11 (CEIS): China's central bank said recently that it had agreed in principle that foreign banks operating in China could be enrolled as members of the Shanghai Gold Exchange (SGE) in a move that, industry analysts say, marks...

New drive to give Indian computer nerds social skills

2007-06-12 00:00:00

BANGALORE, India, June 11 (AFP): Finishing schools have come to India to groom geeky job-seeking software engineers in workplace etiquette as the country's booming information technology sector cries out for urbane talent. The first such institution opened last week in...

Iran to build five new refineries across Asia

2007-06-12 00:00:00

KUALA LUMPUR, June 11 (AFP): Oil-rich Iran today announced it will help build five new refineries across Asia with a total capacity of 1.1 million barrels per day in a bid to strengthen ties in the region. "Iran has finalised...

China, Egyptto strengthen cooperation in medical field

2007-06-12 00:00:00

CAIRO, June 11 (CEIS): China was taking efforts to further strengthen bilateral cooperation with Egypt in the health domain, a visiting Chinese health official said here yesterday. During talks with Egyptian vice Health Minister Nasser Rasmi, Huang Jiefu, Vice-Minister of...

Air Arabia starts twice-weekly flights to Ctg from June 18

2007-06-12 00:00:00

FE Report Air Arabia, the first low-cost carrier in the Middle East and North Africa, announced Sunday that it would begin twice-weekly flights between Sharjah, United Arab Emirates (UAE), and Chittagong, Bangladesh, starting on June 18. Kyle Haywood, commercial director,...

Sonali Bank's 117 branches automated

2007-06-12 00:00:00

FE ReportAs a part of Sonali Bank's ongoing automation process, its 117 branches are presently rendering computerised banking services, 460 branches are within process of computerisation under three-year planning (2006-08), and 45 branches have been selected for providing online banking...

National Tea approves 20pc dividend

2007-06-12 00:00:00

FE ReportNational Tea Company Limited (NTCL) has approved a dividend of Tk 20.00 per share of Tk 100.00 for its shareholders for the year 2006.The dividend was approved in the company's 29th annual general meeting (AGM) held in the city...

Prime Bank Foundation provides support for poor cataract patients

2007-06-12 00:00:00

FE ReportApart from commercial banking operation, Prime Bank Limited through its Prime Bank Foundation is simultaneously playing a pivotal role in society as part of its corporate social responsibilities. The Prime Bank Foundation aims to contribute in creating an opportunity...

Launching ceremony of Entity Wide Audit held

2007-06-12 00:00:00

Entity Wide Audit developed by the office of the Comptroller and Auditor General under Financial Management Reforms Programme funded by DFID has been formally inaugurated by Finance Adviser AB Mirza Md. Azizul Islam at the newly constructed office building, Audit...

Call to develop skill in import, export, remittance activities

2007-06-12 00:00:00

FE Report Officials of the Islami Bank Bangladesh Limited (IBBL) have been urged to develop proficiency in import, export and remittance activities.IBBL Deputy Executive President and International Banking Wing chief Mohammad Abdul Mannan made the call while delivering his presidential...

EXIM Bank signs CBS software deal with Swiss co

2007-06-12 00:00:00

FE ReportExport Import Bank of Bangladesh Limited (Exim Bank) recently signed an agreement with Switzerland-based Temenos for implementing its core banking solution (CBS) T24 software in the bank. Former managing director of Exim Bank Mohammed Lakiotullah and Temenos Business Development...

Mansur new SEC member

2007-06-12 00:00:00

FE ReportThe government has appointed Mansur Alam a member of the Securities and Exchange Commission (SEC) for a three-year term.Alam earlier served as executive director of the SEC since November 19,1997, said a notification of the establishment ministry of the...

Price-hike of materials hampers construction works in Rangpur

2007-06-12 00:00:00

Our CorrespondentRANGPUR, June 11: The prices of various construction materials have been increasing in Rangpur for the last couple of months, hampering house building and other development works in the district, sources said.According to the sources, two months ago 10-ms...

Asian stocks jump on Japan's growth

2007-06-12 00:00:00

TOKYO, June 11 (Bloomberg) -- Asian stocks gained for the first time in three days after Japan raised its first-quarter growth estimate for the region's biggest economy. Mitsubishi UFJ Financial Group Inc., Japan's largest bank, climbed on expectations stronger growth...

BRDB disburses Tk 3.732m among destitute women

2007-06-12 00:00:00

BARGUNA, June 11 (BSS): Bangladesh Rural Development Board (BRDB) disbursed Tk 3.732 million (37.32 lakh) as loan among 1200 destitute women in the district under its ongoing 'Samunnito Daridra Bimochan Karmashuchi' for the current fiscal year. The BRDB has been...

European stocks advance

2007-06-12 00:00:00

LONDON, June 11 (Bloomberg): European stocks rose for the first time in six days as renewed takeover speculation lifted mining and steel companies. BHP Billiton Ltd. led mining companies higher after UBS AG said mergers in the industry ``will continue...

US stocks move toward flat

2007-06-12 00:00:00

NEW YORK, June 11 (AP): US stocks headed toward a flat open Monday as markets in Europe and Asia rallied.The move higher abroad comes after a rebound Friday in US markets following pullbacks earlier in the week. Nonetheless, last week...

Scarcity of smaller currency notes, coins in Barguna

2007-06-12 00:00:00

BARGUNA, June 11 (BSS): An acute scarcity of currency notes and coins of taka two and five denominations has been prevailing throughout the district for the last couple of months causing much inconvenience to people. Retailers and consumers are the...

GMG to fly in four int'l routes

2007-06-12 00:00:00

Private aviation company GMG Airlines has received a permit to operate flights on four international routes - the United Arab Emirates (UAE), Oman, Kuwait and Pakistan, reports bdnews24.com. At a conference with Biman Monday, GMG officials said that they would...

Recommendation of company's dividend

2007-06-12 00:00:00

NLICL: The board of directors of National Life Insurance Company Limited (NLICL) has recommended 20 per cent cash and 20 per cent stock dividends for its shareholders for the year 2006. The record date of the company is July 26,...

IPO diary

2007-06-12 00:00:00

Bangladesh Finance and Investment Company Ltd Nature of Business: Lease Finance & Term Finance Subscription Opens: June 10 2007Subscription Closes: June 14 2007 Subscription for NRB: June 10, 2007 to June 23, 2007 Offer Price (Tk.): 100.00 Market lot (Share):...

UN nuclear watchdog meets on Iranian crisis

2007-06-12 00:00:00

VIENNA, Jun 11 (AFP): A meeting opening in Vienna Monday of the UN nuclear agency could bring Iran one step closer to a third round of sanctions against its nuclear programme. "The distance to New York has shortened," said a...

Deadly factional clashes flare again in Gaza

2007-06-12 00:00:00

GAZA CITY, Jun 11 (AFP): Factional violence flared again in Gaza Monday between Hamas and Fatah after three weeks of calm, with loyalists of the rival parties shot and flung to their deaths from high-rise buildings. Seven people, including one...

Sarkozy party heads for landslide in French parliament

2007-06-12 00:00:00

PARIS, Jun 11 (AFP): President Nicolas Sarkozy's right wing party was headed for a landslide victory that would hand him a sweeping mandate to reform France, after the first round of parliamentary elections Sunday. One month after Sarkozy's presidential election...

Sporadic fire shakes Lebanon siege camp

2007-06-12 00:00:00

NAHR AL-BARED, Lebanon, Jun 11(AFP): Sporadic firefights continued Monday between Lebanese troops and diehard Islamist militiamen at an impoverished refugee camp where a deadly showdown is now in its fourth week. The sound of assault rifle and machinegun fire interrupted...

ROK's first woman president hopeful joins race

2007-06-12 00:00:00

SEOUL, Jun 11 (Reuters): The daughter of South Korea's assassinated president Park Chung-hee on Monday launched a bid to be the country's first woman leader in a race dominated by her main challenger for the opposition conservative's nomination. Park Geun-hye...

Japan's Miss Universe breaks with timid tradition

2007-06-12 00:00:00

TOKYO, Jun 11 (AFP): New Miss Universe Riyo Mori said Monday she had confidence in herself and knew she could win the title, unlike conventional Japanese women who are often seen as timid. "I was determined to bring back the...

Pakistan leader condemns attack on Afghan president

2007-06-12 00:00:00

ISLAMABAD, Jun 11 (AFP): Pakistani President Pervez Musharraf Monday expressed concern over a "cowardly" attempt on the life of his Afghan counterpart Hamid Karzai, a statement said. Military ruler Musharraf, who has been at loggerheads with his fellow ally in...

Tourists to Nepal up 45pc since peace deal

2007-06-12 00:00:00

KATHMANDU, Jun 11 (AFP): Tourism arrivals to Nepal have shot up nearly 45 percent since former Maoist rebels ended their bloody "people's war" at the end of 2006, officials said Monday. "The last five months have shown encouraging signs of...