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Kuwait's MTC wins third mobile phone licence in KSA

2007-06-13 00:00:00

RIYADH, June 12 (AFP): The Saudi cabinet yesterday awarded the kingdom's third mobile phone licence to Mobile Telecommunications Co (MTC) of Kuwait, the state news agency SPA reported. It said the contract went to MTC's consortium which will operate under...

Providing subsidy directly to farmers stressed

2007-06-13 00:00:00

Speakers at a workshop Monday underscored the need for providing agro subsidy directly to farmers using power tillers and threshing machines, for enhancing agricultural production in the country, reports BSS.For optimum use of the subsidy being provided to the agriculture...

DBBL helps HIV-positive patients

2007-06-13 00:00:00

FE ReportDBBL organised a 'Treatment Card' distribution programme among the HIV-positive patients at a city hotel Monday as part of its corporate social responsibility (CSR).Health and Social Welfare Adviser ASM Matiur Rahman was present on the occasion and distributed the...

HeidelbergCement approves 21pc dividends

2007-06-13 00:00:00

FE ReportHeidelbergCement Bangladesh Limited approved 16 per cent cash and 5.0 per cent stock dividends for 2006 at the annual general meeting (AGM) of the company in the city recently.HeidelbergCement Managing Director Jean-Claude Jamar presided over the AGM, while directors...

Tofazzal elected chairman of NCC Bank

2007-06-13 00:00:00

FE ReportThe board of directors of NCC Bank Ltd, in its recent meeting, has elected Tofazzal Hossain and ASM Mainuddin Monem as the bank's chairman and vice-chairman respectively.Both of them are sponsor directors of the bank.Tofazzal Hossain was born in...

First Security Bank, JR Money Transfer sign deal

2007-06-13 00:00:00

FE ReportFirst Security Bank Ltd and the UK-based exchange house M/S JR Money Transfer and Travel signed an agreement for remittance facility purpose in the city recently.Under the deal, Bangladeshi expatriates will be able to send remittances to their relatives...

Warid awards prizes to winners of cricket quiz

2007-06-13 00:00:00

Warid Telecom Tuesday handed over prizes to winners of the first ever Warid Cricket Quiz, said a press release.Muneer Farooqui, CEO of Warid Telecom, along with other officials of the company, gave away gift-hampers including handsets to 13 winners at...

Mutual Trust Bank organises workshop for SME officers

2007-06-13 00:00:00

FE ReportMutual Trust Bank Ltd organised a day-long workshop on "Small Enterprise Financing and Consumer Financing" in the city recently, said a press release.Managing Director of the bank Kazi Md Shafiqur Rahman inaugurated the workshop participated by SME officers of...

Proposed budget realistic, time-befitting: RCCI

2007-06-13 00:00:00

Rajshahi Chamber of Commerce and Industry (RCCI) has termed the proposed national budget for 2007-08 fiscal as realistic and time-befitting, reports BSS from Rajshahi. In a statement, RCCI President Hasen Ali said, different need-based sectors like education, technology and agriculture...

Nitol, Tata launch new distribution network, organise festival

2007-06-13 00:00:00

FE ReportTata Motors and its distributor Nitol Motors recently announced the setting up of a new distribution network for Tata Genuine Parts (TGPs), used in various Tata commercial vehicles in Bangladesh. The proposed network, consisting of 30 authorised parts outlets...

BEPZA urges Bangladeshi expats to invest in EPZs

2007-06-13 00:00:00

NEW YORK, Jun 12 (BSS): Bangladesh Export Processing Zones Authority (BEPZA) Chairman Ashraf Abdullah Yusuf called upon expatriate Bangladeshis to invest in the country taking advantage of the current congenial investment climate, especially in the EPZs.Addressing a press briefing in...

ONE Bank opens 26th branch

2007-06-13 00:00:00

FE ReportONE Bank Limited opened the 26th branch of the bank at Court Hill Lane in Cox's Bazar recently.Chairman of the bank Sayeed Hossain Chowdhury formally inaugurated the branch office.Managing Director (current charge) Farman R Chowdhury, members of board of...

Transcom Beverages, Westin Hotel sign deal

2007-06-13 00:00:00

FE ReportThe Westin Dhaka Hotel and Resorts signed an agreement with Transcom Beverages Limited in the city Sunday.The Westin Dhaka General Manager Sun Amalan and Transcom Beverages Key Accounts Manager Kazi Abdul Haider signed the deal on behalf of their...

Sonargaon Textiles to give 10pc cash dividend

2007-06-13 00:00:00

The board of directors of the Sonargaon Textiles Limited has recommended 10 per cent cash dividend for its shareholders for the year 2006. The annual general meeting (AGM) of the company will be held at the Barisal Club in Barisal...

IPO diary

2007-06-13 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 concerned at arms crossing Lebanon-Syria border

2007-06-13 00:00:00

UNITED NATIONS, Jun 12 (AFP): The Security Council Monday reiterated "deep concern" at mounting reports of "illegal movements of arms" across the Lebanese Syrian-border, amid fears of escalating strife. The 15-member council also renewed its full support to Lebanese Prime...

Gaza fighting kills 17 as red lines crossed

2007-06-13 00:00:00

GAZA CITY, Jun 12 (AFP): Palestinian gunbattles rocked Gaza Tuesday, killing 17 people in 24 hours as mortar shells slammed into the home of premier Ismail Haniya and the seafront compound of president Mahmud Abbas. Amid the apparent no-holds barred...

Ban Ki-moon willing to consider expanded UN role in Iraq

2007-06-13 00:00:00

UNITED NATIONS, Jun 12 (AFP): UN chief Ban Ki-moon is willing to consider "an expanded (UN) role and presence in Iraq," provided "adequate protection and security arrangements" are put in place, according to a report released Monday. Citing growing calls...

US troops mistakenly kill seven Afghan policemen

2007-06-13 00:00:00

JALALABAD, Jun 12 (AFP): US-led soldiers and warplanes killed seven Afghan policemen in a midnight battle that erupted when both sides mistook each other for Taliban rebels, officials said Tuesday. The foreign soldiers, who had been on an anti-Taliban operation,...

Looters hit flooded Australian homes, shops

2007-06-13 00:00:00

SYDNEY, Jun 12 (AFP): Looters raided abandoned houses, businesses and cars during four days of violent storms in Australia, stealing everything from iPods to alcohol and cigarettes, outraged victims said Tuesday. As a massive clear-up operation got into full gear...

US, Russia hail Pakistan's move to combat N-terror

2007-06-13 00:00:00

WASHINGTON, Jun 12 (AFP): The United States welcomed Monday Pakistan's decision to join a global programme led by Washington and Moscow to combat nuclear terrorism. Islamabad Saturday announced its intention to join the "Global Initiative to Combat Nuclear Terrorism" although...

Former Croatian Serb leader convicted

2007-06-13 00:00:00

THE HAGUE, Netherlands, Jun 12 (AP): The Yugoslav war crimes tribunal convicted a wartime leader of Croatia's rebel Serbs of murder, torture and persecution Tuesday and sentenced him to 35 years in prison for a brutal ethnic cleansing campaign of...

US to maintain close links with Musharraf despite criticism

2007-06-13 00:00:00

WASHINGTON, Jun 12 (AFP): Washington said Monday it would continue its close links with Pakistan military ruler Pervez Musharraf's administration despite a call by a leading US newspaper to distance itself from the embattled general. The US State Department said...

Bush pushes to rescue US immigration overhaul

2007-06-13 00:00:00

WASHINGTON, Jun 12 (AFP): President George W Bush will make a new push Tuesday for a bill offering 12 million illegal immigrants a chance at US citizenship with an unusual visit to the Senate to prod his own party's legislators...

Migrant workers in Mideast need protection from slavery

2007-06-13 00:00:00

DOHA, Jun 12 (AFP): A conference on migration has called for Middle East countries to adopt measures to protect migrant workers from modern-day slavery, especially Asians on whom many states are reliant. Delegates at the two-day forum held in Qatar's...

Nigeria hostage takers free 13 captives

2007-06-13 00:00:00

YENAGOA, Nigeria, Jun 12 (AP): Hostage takers in Nigeria's restive oil heartland released 13 captives Monday, including three Americans, officials said. The militants said earlier they were releasing the hostages on "humanitarian grounds," while indicating they would continue attacks despite...

$225m accords signed to set up computer hardware, mobile sets plants

2007-06-13 00:00:00

Japan-Bangladesh Group will set up a GSM Mobile handset plant, a computer hardware plant and a new generation technology printer in Bangladesh at an investment of US $225 million, reports BSS.In line with the plan, the company signed three separate...

Accurate data, info needed to remove child labour from agriculture

2007-06-13 00:00:00

FE ReportSpeakers at a seminar on Child Labour in Agriculture have underscored the need for developing an accurate system of data and information with a view to eliminating hazardous form of child labour from the agriculture sector.The system will help...

China committed to addresing global climate change

2007-06-13 00:00:00

The Chinese government is committed to making all efforts and contribution to address the global issue of climate change, reports UNB.A press release of the Chinese Embassy in city Tuesday said the UNFCC and the Kyoto Protocol are the core...

SC stays HC order on Wonderland Park in Gulshan

2007-06-13 00:00:00

The Supreme Court Tuesday stayed for 45 days the High Court order asking authorities concerned to remove all the establishments of Wonderland Amusement Park in the city's Gulshan area, reports UNB. On May 24, the High Court, upon a public...