SEOUL, June 23 (AFP): A South Korean-led international consortium said today it has reached a deal to sell natural gas from Myanmar to China.The consortium led by Daewoo International, operator of two natural gasfields in waters off Myanmar, said it...
FE Report | 2008-06-24 00:00:00
Lottery for share allotment of the ICB AMCL Second NRB Mutual Fund will be held on July 2, subject to the approval of Securities and Exchange Commission (SEC), officials said Monday.The initial public offering (IPO) of the close-end mutual fund...
FE Report | 2008-06-24 00:00:00
Finance and Planning Adviser Dr Mirza Azizul Islam said Monday lack of harmonisation among the development partners is a major reason for delay in public procurement and implementation of co-financed projects in Bangladesh."We do have some particular problems in procurement...
FE Report | 2008-06-24 00:00:00
The Bangladesh Bank (BB) has officially ruled out any possibility of demonetising currency notes of Tk 500 (five hundred)."This is for information of all concerned that Bangladesh Bank has no plan to withdraw 500-taka note from circulation," the central bank...
FE Report | 2008-06-24 00:00:00
The Dhaka Stock Exchange (DSE) Monday witnessed further fall in terms of index and turnover as the benchmark DGEN sank more than 12-weeks' low and the total turnover hit around five-month low.The DSE General Index (DGEN) lost 20.68 points to...
NOT only solar power, it is high time to try and popularise other non conventional forms of energy to reduce dependence on conventional, expensive and wasteful energy sources like petroleum, diesel or gas. They also create external dependency. But the...
Special Assistant to the Chief Adviser Brig Gen (retd) MA Malek Monday termed the kidney disease as a 'silent killer' and urged all concerned to make the people aware of the disease, reports BSS."Around 15 per cent people of the...
BNP leader ASM Hannan Shah questioned Sunday the morality of the government in detaining four-party alliance leader Khaleda Zia while freeing Awami League (AL) President Sheikh Hasina with all privileges and protocols, reports UNB."On which moral ground have you kept...
BEIJING, June 23 (Xinhua): China's top economic planner is to control the spread of price increases after it lifted fuel and electricity prices Thursday, seeking to avoid fanning inflation.Local price regulators were urged to tighten price monitoring and control the...
Ahmed Showkat Masud | 2008-06-24 00:00:00
BANKS provide financial services to their customers as well as the communities wherein they have their branches, automatic teller machine (ATM) booths or simply booths. The first service that was provided by the banks at their inception was currency exchange....
FE Report | 2008-06-24 00:00:00
Net Asset Values (NAVs) of eight ICB Mutual Funds has recently been announced on the basis of market value of the portfolios.The NAVs were Tk 4,603.63 of the First ICB Mutual Fund, Tk 1,138.99 of the Second ICB Mutual Fund,...
FE Report | 2008-06-24 00:00:00
Bangladesh's shrimp export might be stopped unless the country maintains quality in line with the requirements of major importing countries, said a top government official on Monday."Our export can be stopped if the problems in maintaining quality of shrimps remain...
Bangladesh faces UAE Tuesday in its first encounter of Asia Cup at the Gaddafi Stadium in Lahore, Pakistan, reports UNB.The match will start at 4:00pm (Bangladesh time) and ESPN will telecast the match live.After having a seven match losing streak,...
Imtiyaz Hussain | 2008-06-24 00:00:00
BANGLADESH has been consistently producing record harvests of foodgrains in recent years. This should lead to a conclusion that the rate of consumption of rice or wheat is rising or remains at a reasonably satisfactory level. But these assumptions have...
THE newspapers reported recently that the entrepreneurs who set up Bangladesh's largest steel mill in Chittagong investing nearly Tk 4.0 billion are apprehensive of incurring losses due to severe power shortage in the port city.In fact, power supply declined not...
TEHRAN, June 23 (Reuters): Iran said Monday it was encouraged by common points between its and world powers' separate proposals aimed at defusing a nuclear dispute, but again dismissed any suggestion of suspending uranium enrichment. Foreign Ministry spokesman Mohammad Ali...
SEC issues show-cause notice | 2008-06-24 00:00:00
The Securities and Exchange Commission (SEC) has issued a show-cause notice to directors, managing directors and company secretaries of Purabi General Insurance Company Limited, Sreepur Textile Mills Limited, Agrani Insurance Company Limited and Meghna Cement Mills Limited, Bangladesh Thai Aluminium...
TOKYO, June 23 (AFP): The dollar firmed in Asian trade today as traders bet the US Federal Reserve will hold interest rates steady at a meeting this week amid renewed jitters about the credit crunch.The dollar rose to 107.41 in...
Chief Adviser (CA) Fakhruddin Ahmed Monday directed all concerned to implement the under-implementation recommendations of Bangladesh Better Business Forum (BBBF) in next two months to attain desired dynamism in trade and economy, reports UNB.The head of the caretaker government, also...
DUBAI, Jun 23 (PTI): In the wake of spurt in global crude oil prices India and Saudi Arabia have held talks to chalk out plans to cool it down.A high level Indian delegation led by Finance Minister P. Chidambaram and...
PIROJPUR, June 23 (UNB): The hearing on the written objections regarding the redrawn boundaries of parliamentary seats in Borisal division will take place in Borishal Wednesday.According to the Divisional Deputy Election Commissioner Office, the hearing will be held at the...
FE Report | 2008-06-24 00:00:00
The government will take up a project on an emergency basis by the next month to ensure total sanitation in the tea gardens of the country as part of its commitment to achieve the target of 'Sanitation for All by...
From Fazle Rashid | 2008-06-24 00:00:00
NEW YORK, June 24: Is anyone familiar with the name of Thomson Corporation in Bangladesh? Very few one would suspect. It is a information giant that rarely caught the imagination of the media. It is now in news for two...
Our Correspondent | 2008-06-24 00:00:00
CHITTAGONG, June 23: The 21st annual general meeting (AGM) of Eastern Cables Ltd was held on its factory premises in the city with Additional Secretary of the government and board of directors Chairman SMA Mannan in the chair. The AGM...
SYLHET, June 23(UNB): A fish trader was killed following a brawl over a trifling matter at Dashpikebazar in Bisawanath Upazila Sunday.The deceased was identified as Moshahid Ali (42), of Anarpur village.Local people said Moshahid took a loan from BRAC recently...
MANILA, June 23 (AFP): Some 598 people are dead or missing after Typhoon Fengshen roared through the Philippines, the Red Cross and civil defence said Monday, dramatically raising the number unaccounted for.Landslides, severe flooding and the loss of dozens of...
The export of recycled and processed garment wastage appears to face a serious setback and the blame for this goes to the absence of a separate HS Code, reports UNB.Sources said the present HS Code for garment wastage and that...
FE Report | 2008-06-24 00:00:00
Islami Bank Bangladesh Limited (IBBL) Chairman Abu Nasser Muhammad Abduz Zaher said IBBL officials should remember that they are playing a significant role in making Islamic economics and Islamic banking movement successful and do their respective works accordingly.He was speaking...
John Burton, FT Syndication ServiceSINGAPORE: The city state's inflation rate held at a 26-year high of 7.5 per cent in May from a year ago, but economists believe it could be close to peaking and might fall later this year...
Sundeep Tucker | 2008-06-24 00:00:00
THE value of mergers and acquisitions (M&As) Asia is soaring as the region's leading companies take advantage of opportunities to build scale and secure resources in fast-growing markets closer to home.The aggregate value of announced cross-border deals between Asia-Pacific companies...
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