BEIJING, Jun 7 (AFP): More than 9.5 million Chinese teenagers started a tough two-day exam Thursday that will decide if they can go to college, amid concerns that cheating will taint the process, state media said. Nervous youngsters, most of...
WASHINGTON, Jun 7 (AFP): The US House of Representatives Wednesday overwhelming passed a bill granting 6.4 billion dollars in development, economic and security aid to Afghanistan. The Afghanistan Freedom and Security Support Act, passed by 406 votes to 10, also...
FE ReportBangladeshi ready-made garments (RMG) companies fetched $12.2 million export orders from a three-day "Plural Fashion-2007" trade fair that was held in Madrid from May 24 to May 26.The RMG companies were able to obtain confirmed export orders and prospective...
FE ReportThe second Holcim Awards competition to promote sustainable construction worldwide has been launched. The prize money for the five regional competitions and the global awards totals $2.0 million (20 lakh). The awards are an initiative of the Swiss-based Holcim...
FE Report Dutch-Bangla Bank Limited (DBBL) has extended financial assistance worth Tk 2.5 million (25 lakh) to 14 non-government organisations (NGOs) engaged in rehabilitation of the mentally/physically challenged children of the country. DBBL Managing Director Yeasin Ali handed over the...
HONG KONG, June 7 (AFP): Asian stocks closed mixed Wednesday with overnight falls on Wall Street and uncertainty clouding the Chinese markets combining to weigh down investor sentiment.Share prices of Hong Kong closed 0.11 per cent weaker on worries over...
FE ReportThe seventh annual general meeting (AGM) of the South Asia Insurance Company Limited will be held on June 30, 2007.The decision came at the 39th meeting of the board of directors of the company held at its head office...
LONDON, June 7 (Bloomberg): European stocks headed for the longest losing streak in three months, paced by industrial companies after brokerages downgraded shares of Volvo AB and SKF AB. Europe's Dow Jones Stoxx 600 Index dropped for a fourth day,...
FE ReportStandard Bank Limited has recently signed an agreement with Instant Cash- Global Money Transfer, a subsidiary of Wall Street Exchange Centre, LLC in Dubai for drawing arrangement of inward foreign currency remittance.Standard Bank Limited Managing Director Mosharraf Hossain and...
IFIC Bank Ltd has arranged promotional campaign highlighting education loan (Parua) under consumer financing and student file service at Dhanmondi and Siddheswari Campus of Stamford University in the city recently, said a press release.A good number of students of Stamford...
NEW YORK, June 7 (Reuters): US stock index futures turned lower Thursday, indicating a lower open on Wall Street, after yields on all Treasuries debt securities rose above 5 per cent, raising concern that stocks face more competition from fixed-income...
Change of AGM dateBD Thai: Bangladesh Thai Aluminium Limited has stated that due to unavoidable circumstances, the 28th annual general meeting (AGM) of the company will be held on October 25, 2007 instead of June 28, 2007. Other information of...
FE ReportThe existing Equity Entrepreneurship Fund (EEF) has been split into two funds - Agriculture Equity Entrepreneurship Fund (AEEF) and IT Equity Entrepreneurship Fund (IEEF) - and allocation of Tk 1.0 billion has been proposed for each of them.In his...
An agreement for a credit line of Tk 100 million was signed between National Bank Ltd. and Premier Leasing International Ltd in the city recently. The deal will help augment the fund of the Premier Leasing International Ltd. for lease...
FHM Humayan KabirThe systems loss of the Titas Gas Transmission and Distribution Company Limited (TGTDCL) has gone down substantially over the last few months thanks to the authority's vigorous drives against illegal consumers and bill defaulters.Although the system loss of...
FE Report The flow of inward remittance touched nearly the US$5.50 billion (550 crore) mark in the first 11 months of the current fiscal, recording a 25.02 per cent growth over the corresponding period of the last fiscal, official sources...
FE Report Finance Adviser AB Mirza Azizul Islam said Thursday the shipping costs of export-import consignments have reduced by 20 per cent following a range of reform measures taken by the present interim government to transform the country's premier seaport...
FE ReportThe 15th China Import and Export Fair - 2007 started Wednesday at Kunming through a spectacular display of a dinosaur portrayal by a Chinese artist group in presence of a large number of businessmen as well as buyers.Younnan province...
FE ReportUnion Capital Limited (UCL) has approved 15 per cent cash dividend for its shareholders for 2006, subject to the approval of Bangladesh Bank.The dividend was approved in the company's 9th annual general meeting (AGM), held at its registered office...
FE ReportSquare Textiles Limited approved 30 per cent cash dividend and 15 per cent stock dividend (bonus share) for its shareholders for the year that ended on December 31, 2006 at its 12th annual general meeting (AGM) at Bangladesh-China Friendship...
LARGE scale operators in trading and industry including some state-owned non-productive sectors have relatively better access to generous credit from the nationalised as well as the privately-run banks and other financial institutions. The reason is that those enterprises can provide...
BANGLADESH ritually observed another World Environment Day on last Monday. But one cannot help but ask what the utility of such observation is when the worst environmental threat hangs over this country from the global phenomenon of climate change. Bangladesh...
POVERTY indicates lack of sources of income for a family from all available means. Poverty can also be measured by lack of assets (wealth). In rural areas, employment in farming is the main source of income. When such sources of...
CLASSIFIED loans and advances of scheduled banks are categorised as sub-standard, doubtful and bad/loss as per instructions of the Bangladesh Bank. Loan loss provision (LLP) is created for covering the bank for possible loan losses in the future. Interest accrued...
The interim government, after arresting some top politicians on charge of corruption, is now going to deal with the corrupt bureaucrats. This will be considered a follow-up move. Reportedly, members of the taskforces are collecting evidence of corruption from various...
According to press reports, the government of Bangladesh (GOB) has drafted a new energy policy. This would replace the prevailing energy policy that was introduced in 1995. What is worrisome about the new energy policy, from whatever could be learnt...
FE Report Finance Adviser A.B. Mirza MD. Azizul Islam unveiled Thursday a Tk 871.37 billion national budget for the fiscal 2007-08, setting priority for controlling inflation, stepped-up growth of agricultural sector, expansion of education facilities and promotion of rural development....
Prices of a number of items may be influenced by the budgetary measures such as tax, import duty and value-added tax according to the budget proposals for 2007-08 fiscal, reports bdnews24.com. The costs of soft drinks, mineral water, toilet soap,...
Shamsul Huq Zahid The proposed national budget announced by Finance Adviser Mirza Azizul Islam Thursday for the fiscal 2007-08 appears to be a blend of boldness and pragmatism, amid worries. The finance adviser has preferred to deviate from the traditional...
FE ReportFinance Adviser Mirza Azizul Islam recommended Thursday a series of measures in the proposed national budget for fiscal 2007-08 to rein in the prices of essential commodities in the local market.While presenting the budget the adviser proposed complete withdrawal...
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