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...
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...
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...
International package offers | 2008-06-19 00:00:00
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...
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...
FE Report | 2008-06-19 00:00:00
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...
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...
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...
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...
FE Report | 2008-06-19 00:00:00
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...
FE Report | 2008-06-19 00:00:00
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...
Our Correspondent | 2008-06-19 00:00:00
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...
FE Report | 2008-06-19 00:00:00
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...
Raphael Minder | 2008-06-19 00:00:00
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...
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...
FE Report | 2008-06-19 00:00:00
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...
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...
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...
FE Report | 2008-06-19 00:00:00
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...
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...
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...
FE Report | 2008-06-19 00:00:00
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,...
JERUSALEM, June 18 (Reuters): Israel said on Wednesday it accepted an Egyptian-brokered truce with Hamas Islamists ruling the Gaza Strip but voiced skepticism the ceasefire involving all Palestinian militant groups in the territory would hold. Amos Gilad, a senior Israeli...
FE Report | 2008-06-19 00:00:00
The Ministry of Finance has sought opinion from the central bank about selling of 51 per cent shares of the GSP Finance, financial institution, to the BRAC Bank Limited, officials said.The ministry asked the Bangladesh Bank (BB) to provide information...
A special court Wednesday rejected the defence objection to the concurrent run of the identical Niko graft cases against two former premiers and ruled that the similar offences could be tried in separate courts, reports UNB.Passing the order, the court...
William Wallis in London | 2008-06-19 00:00:00
Colin Bruce, the World Bank country director at the centre of a storm of controversy during Kenya's post-election crisis, has been named as director of operations and strategy for Africa.Officials said the appointment was not technically a promotion, but it...
Mahmuda Shaolin | 2008-06-19 00:00:00
Prices of poultry birds have almost doubled in Dhaka retail market since February amid an acute supply crisis caused by last year's devastating bird flu epidemic, an industry official said Wednesday.Industry operators said prices of poultry birds in the city...
Trust Bank Limited is going to launch passport processing activities from today (Thursday) through thirteen branches additional to four branches, working in the city from the inception of the assignment. The additional 13 branches are - (1) Mirpur Branch, covering...
Army Chief General Moeen U Ahmed called upon the passing-out military cadets to remain prepared even for supreme sacrifice for safeguarding the country's independence and sovereignty, reports UNB from Chittagong.He also advised them to uphold the image, honour and glorious...
ANNAPOLIS, Maryland, June 18 (AFP): The United States pressed China yesterday to advance market-opening measures but faced criticism over its weakening dollar as the two nations opened talks to address economic issues.At the start of discussions in Annapolis, Maryland, east...
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