SHANGHAI, June 18 (AFP): China's double-digit economic growth remains sustainable with the rapid expansion expected to continue over the next few years, state media reported today, citing a senior government adviser. China's economy has kept growing at double-digit rates for...
SINGAPORE, June 18 (AFP): Shanghai is set to overtake Singapore as the world's busiest port in 2008 as the Chinese economy continues with its stellar growth, an executive of the city-state's port operator said in remarks published today. Flourishing global...
PARIS, June 18 (AFP): French President Nicolas Sarkozy, with a strong, if reduced, parliamentary majority in hand, plans to waste no time in rolling out his ambitious and contested programme of economic reforms. Previous French governments of both left and...
NEW DELHI, June 18 (PTI): India has said there is possibility of closer economic cooperation with Indonesia as External Affairs Minister Pranab Mukherjee arrived in Jakarta Sunday to push the "Look East" policy. Mukherjee would be in Indonesia for two...
BEIJING, June 18 (CEIS): More than 700,000 Korean people are running some 30,000 companies across China, making it the top destination for investment from the Republic of Korea (ROK), according to a recent business forum. European countries and the United...
BEIJING, June 18 (CEIS): The supply of migrant workers to Chinese cities is drying up, according to a new survey conducted by the Development Research Centre of the State Council. The survey, which covered 2749 villages in 17 provinces and...
SINGAPORE, June 18 (AFP): Singapore's key exports recovered in May to grow 3.7 per cent from last year after declining in the previous month, boosted by a hefty jump in pharmaceuticals shipments, the government said today. On a month-on-month seasonally...
BEIJING, June 18 (CEIS): China has opened 18 rural community banks by the end of May offering farmers easier access to loans and providing credit to businesses in the countryside that want to expand. The small lenders include nine village...
SINGAPORE, June 18 (AFP): Oil prices were slightly higher in Asian trade today as the market continued to focus on US gasoline (petrol) reserves, dealers said. New York's main contract, light sweet crude for July delivery, was up two cents...
MANILA, June 18 (CEIS): Philippine Agriculture Secretary Arthur Yap yesterday rejected accusations by some "non- government" groups and individuals that the Philippine-Chinese agricultural cooperation is against the interests of the Filipino farmers. In a statement, Yap said there is nothing...
KUALA LUMPUR, June 18 (Xinhua): Malaysia plans to get international certification for palm oil by 2010 to deal with the negative perception that its production harms the environment and kills wildlife, local media reported today. With the certification, palm oil...
TOKYO, June 18 (AFP): The yen slipped to a record low against the euro in Asian trade today as expectations faded of a quick hike to Japan's super-low interest rates, dealers said. Market players also digested softer-than-expected inflation figures from...
TOKYO, June 18 (AFP): Daihatsu Motor Co., a unit of the Japanese auto giant Toyota Motor, said today it will withdraw from manufacturing cars in Vietnam, blaming high taxes in the booming economy. Daihatsu, a small car specialist, said it...
TOKYO, June 18 (Bloomberg): Asian stocks rose for a third day, driving benchmarks in China, Hong Kong and South Korea to records, as prices of metals and crude oil advanced and the yen weakened against the dollar. Rio Tinto Group...
HARBIN, June 18 (CEIS): There is huge potential for cooperation between China and Russia in the automotive trade, an official with the ministry of commerce said at the first Sino-Russian forum on the auto market held here yesterday. Zhi Luxun,...
HANOI, June 18 (Xinhua): Vietnam's sugar plants churned out over 1.1 million tons of the product in the 2006-2007 sugarcane crop ending in June, up 51.7 per cent over the previous crop, local newspaper People reported today. In the 2006-2007...
WELLINGTON, June 18 (AFP): New Zealand's central bank intervened in the foreign exchange market today in an attempt to bring down the value of the local currency from near two-decade highs, market sources said. The New Zealand dollar fell from...
BEIJING, June 18 (AFP): Chinese airlines are preparing to raise ticket prices by up to 30 per cent during the summer high travel season that begins on July 1, state press reported today. Several Chinese airlines will also limit discounts...
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...
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...
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...
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...
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...
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,...
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...
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,...
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...
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...
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...
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...
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