Nestle sets up safe drinking water facility on school premises

Nestle Bangladesh Limited has taken up a project of providing selected schools with clean drinking water facility. As a part of the programme, the latest facility has been set up at Kapasia High School in Gazipur district.Nestle invested in drilling...

Adviser, officials scrutinise budgetary suggestions today

Finance Adviser Mirza Azizul Islam Wednesday said he has so far one or two small budgetary measures in mind to consider for correction, reports UNB.He, however, would not disclose the issues before finalising them as the officials were busy scrutinising...

Social science research policy at final stage: Finance adviser

Finance and Planning Adviser AB Mirza M Azizul Islam said Wednesday the national policy on social science research would be finalised soon to bring transparency in the research process, reports BSS."Draft of the policy has already been finalised and it...

Standard Bank, Money Gram sign remittance deal

Standard Bank Limited and Money Gram Payment Systems Inc. USA signed an agreement for drawing arrangement of inward foreign currency remittance at the head office of the bank in the city recently.Former managing director of Standard Bank Mosharraf Hossain and...

Dethroned champions look to leave Euro '08

SALZBURG, Austria, June 18 (AFP): Reigning European champions Greece will be aiming to bow out of Euro 2008 Wednesday by salvaging some pride against Group D winners Spain.Greece's dreams of repeating their improbable run to the title in Portugal four...

Apparel producers expect $10.7b exports in FY08

Apparel exports are expected to grow faster this fiscal year (2007-08), reaching around 10.7 billion US dollars with increased demand for local apparel items on the international market, reports UNB.A delegation from Bangladesh Garment Manufacturers and Exporters' Association (BGMEA) expressed...

corporatewatch

Purchase/ sale of directors' sharesMonno Fabrics: Rasheed Mymunul Islam, one of the sponsor/directors of Monno Fabrics Industries Limited, has stated his willingness to buy 10,000 shares of the company at current market price through stock exchange within next 30 working...

Awaiting a design center

The demand for establishing a design center has been raised from time to time. Recently, it was raised by the sector's stakeholders again at a seminar. Geetiara Safia Chowdhury, a former adviser in the present caretaker government had assured all...

Inaction may be India's solution

Joe Leahy, FT Syndication ServiceMUMBAI: In India late last week, a wry joke about inflation was doing the rounds among economists.The United Progressive Alliance, India's ruling coalition led by the Congress party, is alarmed about inflation, which hit a seven-year...

German investor confidence drops in June

FRANKFURT, June 18 (AP): German investor confidence tumbled in June amid soaring food and oil prices and expectations of an upcoming interest rate rise, a closely watched survey showed Tuesday.The ZEW institute's monthly index, which measures investors' expectations for the...

Malaysian coalition party calls for no-confidence vote

KOTA KINABALU, (Malaysia), June 18 (AFP): A party in Malaysia's ruling coalition called Wednesday for a vote of no confidence against the prime minister, in a serious blow to the beleaguered government.Sabah Progressive Party president Yong Teck Lee said it...

news digest

Iran broad incentivesWASHINGTON, June 18: Iran would receive benefits in nuclear energy, trade, finance, agriculture and high technology if it halted uranium enrichment as demanded by world powers, according to a document released Tuesday by the US State Department. The...

AL, JSD vow to resist move to delay nat'l poll

The Awami League (AL) Wednesday warned that it would resist any move by the caretaker government (CG) that could hinder next national poll, reports UNB.The Jatiya Samajtantrik Dal (JSD) also extended its support to the AL's stand.Pointing at the government's...

Dhaka stocks rise for third session

Dhaka stocks rose Wednesday led by ICB mutual funds, IT and cement issues for the third straight session, amid increase in the turnover.The Dhaka Stock Exchange (DSE) halted share trading of the three issues-2nd ICB, 3rd ICB and Bangladesh Shipping...

Mbeki to meet Mugabe, Zuma doubts fair vote

HARARE, June 18 (Reuters): South African President Thabo Mbeki will meet Zimbabwe's Robert Mugabe Wednesday for talks ahead of next week's presidential election run-off, Mbeki's spokesman said.South African ruling party leader Jacob Zuma, using his bluntest language to date over...

Medicines at actual prices

PRICES of many life saving medicines often increase without any reason. The dealers as well as the pharmaceutical companies sometime, increase the prices of these medicines by controlling the supply into the market. In the rural areas, the poor often...

British inflation jumps to 16-year high as oil, food prices bite

LONDON, June 18 (AFP): British inflation hit a 16-year high of 3.3 per cent in May, driven by soaring food and energy costs prices, figures showed yesterday, complicating central bank efforts to keep a slowing economy on track.Analysts said the...

Meghna Cement approves 30pc cash dividend

Meghna Cement Mills Limited approved 30 per cent cash dividend for its shareholders for the year 2007.The approval was given in the 16th annual general meeting (AGM) of the company at Bashundhara Convention Centre in the city Sunday.Meghna Cement Mills...

Dhaka Bank holds Mezban in Ctg

Dhaka Bank Limited (DBL) organised a get-together and traditional Mezban for its clients, well-wishers and patrons of Chittagong region at Hotel Agrabad in the port city recently.DBL Chairman Altaf Hossain Sarker, founder chairman Abdul Hai Sarker, former chairman ATM Hayatuzzaman...

BSRM holds dealers' confce in Chittagong

CHITTAGONG, June 18: Dealers' conference-2008 of the country's leading steel bar manufacturer, Bangladesh Steel Re-rolling Mills (BSRM), was held at a hotel in Chittagong recently.BSRM Group General Manager Tapan Sengupta presided over the conference while Chairman Alihussain Akbarali was the...

Bank Asia honours outgoing, new chairmen

Bank Asia gave farewell to its outgoing chairman M Syeduzzaman and outgoing vice chairmen A Rouf Chowdhury and Arifur Rahman Sinha at a ceremony at Radisson Water Garden Hotel in the city Monday.At the same function, the new Chairman Anisur...

Vietnam eyes rates to rein in inflation

KUALA LUMPUR: Vietnam is ready to raise interest rates further to bring inflation back below 10 per cent before the end of next year, from 25.2 per cent in May, according to its finance minister.Vu Van Ninh has said returning...

NATO, Afghan forces launch anti-Taliban offensive

ARGHANDAB, (Afghanistan) June 18 (Reuters): Afghan and Canadian forces moved into a series of villages outside of southern Afghanistan's largest city Wednesday to root out any Taliban who have infiltrated the area, officials said.Troops exchanged fire with militants during "a...

$1.2b BRAC loan for 6.4m rural poor

Non-government organisation BRAC on Wednesday announced US $ 1.2 billion loan for 6.4 million poor and underprivileged rural people across the country in the fiscal year 2008-09.BRAC Chairman Fazle Hasan Abed made this announcement at a function titled "Meet the...

Tk 1.0m smuggled magnet recovered in Benapole

BENAPOLE, Jun 18 (UNB): Members of the Bangladesh Rifle recovered 80 pieces of high power smuggled magnet worth Tk 1.0 million (Tk 10 lakh) from a bus at Aamrakhali here Monday morning.BDR sources said they seized the magnets, which are...

Iran says it will 'never' suspend enrichment

TEHRAN, June 18 (AFP): Iran said it will "never" suspend its enrichment of uranium, in defiance of demands from world powers to suspend the sensitive nuclear activity, the official IRNA agency reported."The United States and their allies want to oblige...

Jahangir new DMD of Janata Bank

The government has appointed Md Jahangir Miah as deputy managing director (DMD) of Janata Bank Ltd.He was working as general manager of Investment Corporation of Bangladesh (ICB) before joining this position.He obtained M Com degree with honours and master's degree...

N Korea economy shrinks for second year

SEOUL, June 18 (AFP): North Korea's economy shrank 2.3 per cent in 2007 from a year earlier, its second straight year of contraction as devastating floods hit harvests, the South Korean central bank said today.The Bank of Korea estimated that...

Purba Banglar Communist Party chief killed in encounter

KUSHTIA, Jun 18 (UNB): Purba Banglar Communist Party (ML-Jonojuddho) chief Abdur Rashid Malitha alias Dada Topon was killed along with one of his aides in an "encounter" with RAB troops at Baradi village in Sadar Upazila early Wednesday.Police said the...

Chevron kicks off tree plantation drive

Chevron Bangladesh President Steve Wilson officially kicked off the company's 2008 Tree Plantation drive Monday at the Jalalabad field in Sylhet.Some 70 employees and contractors took part in this programme and planted saplings of fruit bearing trees, which included mango,...