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Malaysia's April trade surplus down 9.4pc

2007-06-05 00:00:00

KUALA LUMPUR, June 4 (AFP): Malaysia's trade surplus declined in April by 9.4 per cent to 6.0 billion ringgit (1.76 billion dollars) from 6.63 billion during the same month a year ago, official data showed today. The April figure was...

Thai think tank lowers economic growth forecasts

2007-06-05 00:00:00

BANGKOK, June 4 (AFP): The Thai government's economic think tank today trimmed down the nation's growth projections for 2007, saying political uncertainty would affect domestic consumption and investment. The National Economic and Social Development Board (NESDB) said the economy could...

Oil prices lower after key US gasoline pipeline reopens

2007-06-05 00:00:00

SINGAPORE, June 4 (AFP): Oil prices fell in Asian trade today as gasoline (petrol) supply concerns eased after a key US pipeline re- opened over the weekend, dealers said. New York's main contract, light sweet crude for July delivery was...

US investors show interest in India's food processing sector

2007-06-05 00:00:00

NEW YORK, June 4 (PTI): US investors have shown keen interest in India's expanding food processing sector that has an investment potential valued at USD 40 billion. At an interaction organised by the United States India Business Council here, American...

Dollar steady after robust US jobs data

2007-06-05 00:00:00

TOKYO, June 4 (AFP): The dollar hovered near a four- month high against the yen in Asian trade today after robust US jobs data further reduced expectations of a Federal Reserve interest rate cut this year, dealers said. The dollar...

Vietnam's tea export increases in first five months

2007-06-05 00:00:00

HANOI, June 4 (Xinhua): Vietnam shipped abroad 37,000 tonnes of tea totaling 34 million U.S. dollars in the first five months of this year, seeing respective year-on-year increases of 10.1 per cent and 6.1 per cent, according to the country's...

Pak govt determined to provide essential items at cheaper rates

2007-06-05 00:00:00

ISLAMABAD, June 4 (APP): Prime Minister Shaukat Aziz yesterday assured that the government has taken adequate measures to ensure sufficient supply of all essential items at reduced prices to the consumers through Utility Stores and in the open market. He...

BGMEA, DEPZ to recruit poor workers from Rangpur region

2007-06-05 00:00:00

Our CorrespondentNILPHAMARI, Jun 4: On request of the headquarters of 66 Infantry Division of Rangpur Cantonment, Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and Dhaka Export Processing Zone (DEPZ) have jointly taken an initiative to recruit poor workers from the...

Export earning falls short of target

2007-06-05 00:00:00

 Naim-Ul-KarimThe country's export earning in the first ten months of the current fiscal fell short of target by about $ 78 million when export earning totalled $9912.79 million.The export earning, however, grew by 18.50 per cent compared to the corresponding...

Masihur Rahman takes over as EXIM Bank MD

2007-06-05 00:00:00

FE Report Kazi Masihur Rahman had been appointed Managing Director (MD) of EXIM Bank with effect from June 4. He joined EXIM Bank in August last year as additional managing director. Prior to joining the bank he served as deputy managing...

8 UK cos to invest $930m in Bangladesh

2007-06-05 00:00:00

Eight British companies and individuals have signed memorandum of understandings (MoUs) with the Board of Investment (BOI) to invest in sectors like power plants, tourism, leather garments, food products, building industry, five-star hotels, textiles and financial institutions in Bangladesh, reports...

SIBL holds training on Managing Core Risk and Business Development

2007-06-05 00:00:00

A workshop on "Managing Core Risk and Business Development" organised by the training institute of the Social Investment Bank Ltd (SIBL) was held at its head office in the city Saturday, said a press release. Total 30 executives and branch...

BDDL observes Service Week '07

2007-06-05 00:00:00

FE ReportBDDL observed Service Week 2007 from May 26 - 31 for its clients and land-owners for the first time in the country.BDDL Chairman Sayeed Nazrul Biddut formally inaugurated the programme at its corporate office in the city. The company's...

TNT Express wins two awards for global IT customer service centre

2007-06-05 00:00:00

FE ReportTNT Express won two awards recently for its global information technology (IT) customer service centre in Atherstone, the United Kingdom. The National Help Desk Institute, the world's largest association for the service and support industry, presented the awards to...

Strategies, techniques needed to build competitive pvt sector

2007-06-05 00:00:00

FE ReportIFC-SEDF organised a two-day training programme on competitiveness on June 2-3 at a city hotel aiming at helping local businesses to prosper under such increased competition with better strategies.The objective of the training was to bring together business leaders,...

City Bank approves 10pc stock dividend

2007-06-05 00:00:00

FE ReportThe City Bank Limited approved unanimously 10 per cent stock dividend for its shareholders at the 24th annual general meeting (AGM).The AGM was held at Bangladesh-China Friendship Conference Centre in the city Monday with Chairman of the bank Aziz...

Workshop on governance in agriculture dev held

2007-06-05 00:00:00

Our CorrespondentGOPALGANJ, June 4: A daylong workshop on governance in agriculture development was recently held at Mohammadpara in Gopalganj town.The workshop was organised by Southern Gonounnayan Samity (SGS) partnership project, and financed by Manusher Jonno Foundation (MJF).SGS President Sardar Ahmed...

Withdrawal of 0.5pc turnover tax against frozen food exports urged

2007-06-05 00:00:00

FE ReportBangladesh Frozen Foods Exporters Association (BFFEA) has demanded withdrawal of 0.5 per cent turnover tax against the export of frozen foods and shrimps in the budget for fiscal 2007-08.It also requested the government not to cut 5.0 per cent...

IBBL organises workshop on money laundering

2007-06-05 00:00:00

FE ReportA workshop on "Prevention of Money Laundering" organised by Khulna Zone of Islami Bank Bangladesh Limited (IBBL) was held at a city hotel in Khulna recently. Bangladesh Bank (Khulna) General Manager Sardar Md Shahjahan was present as the chief...

Walton products' info available thru' SMS

2007-06-05 00:00:00

FE ReportNow the consumers across the country can instantly know all the information of the Walton products, like product quality, service facilities, dealers address etc, from their mobile through SMS. RB Group (RBG) Director SM Ashraful Alam inaugurated the new...

Trust Bank opens Halishahar branch

2007-06-05 00:00:00

FE ReportTrust Bank inaugurated its Halishahar branch in Chittagong recently.Area Comd. Chittagong GOC, 24 Infantry Division Maj Gen Sina Ibn Jamali  inaugurated the branch. Managing Director of the bank Iqbal U Ahmed presided over the inaugural function. The SVP and...

JCI president off to ASPEC confce

2007-06-05 00:00:00

FE ReportA three-member delegation led by JCI Bangladesh President Mamun Akbar left for Taiwan to participate in the Asia-Pacific Conference (ASPEC) recently.JCI is a worldwide federation of young leaders and entrepreneurs where young professionals and entrepreneurs are involved in individual...

Corrigendum

2007-06-05 00:00:00

In 'corporatewatch', published on Page 16 of the Monday's (June 4) issue of The Financial Express, there was an item titled "Paid-up shares of Bank Asia rise", which was mistakenly printed due to wrong information provided the CSE online. Instead...

Southeast Bank sponsor to sell 11,000 shares

2007-06-05 00:00:00

Yussuf Abdullah Harun, one of the sponsors of the Southeast Bank Limited, will sell 11,000 shares out of his total holdings of 1,55,638 shares of the bank at prevailing market price through Dhaka Stock Exchange within next 30 working days.Quasem...

IPO diary

2007-06-05 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):  50 Public Offer (Share):  700,000 Reason for...

Sporadic clashes in Sri Lanka after heavy fighting

2007-06-05 00:00:00

COLOMBO, Jun 4 (AFP): Sri Lankan government troops and Tamil Tiger rebels were engaged in sporadic clashes in the north of the island Monday, the day after fierce battles left scores of fighters dead, official sources said. The latest upsurge...

Iran 'invincible' in nuclear standoff: Ahmadinejad

2007-06-05 00:00:00

TEHRAN, June 4 (AFP): President Mahmoud Ahmadinejad Sunday insisted Iran would not back down in the standoff over its nuclear programme, saying that the Islamic republic was "invincible" against Western powers. His defiant speech marking the 18th anniversary of the...

Deadly fighting grips second Lebanon camp

2007-06-05 00:00:00

SIDON, Lebanon, Jun 4 (AFP): Deadly firefights raged near a Palestinian refugee camp in south Lebanon early Monday, opening a potentially dangerous new front for the army as it battles to crush Islamist militants in the north of the country....

Brazil's Lula in talks with Indian PM over trade

2007-06-05 00:00:00

NEW DELHI, June 4 (Reuters): Brazilian President Luiz Inacio Lula da Silva began talks with Indian Prime Minister Manmohan Singh Monday, aiming to strengthen business ties and boost diplomatic links between the two emerging market giants. Lula arrived in India...

US Democrats demand new foreign policy

2007-06-05 00:00:00

MANCHESTER, Jun 4 (AFP): Democratic presidential candidates demanded a total overhaul of US foreign policy Sunday, chiding China over Darfur, and urging intense diplomacy over Iran and Pakistan. In their second televised debate, the 2008 candidates for the party nomination...