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IFC, EBL team up to increase access for financing SMEs

2008-03-21 00:00:00

FE ReportIFC, a member of the World Bank Group, is collaborating with Eastern Bank Ltd to increase the financing opportunities available to small and medium enterprises (SMEs) in Bangladesh. IFC Advisory Services for South Asia - the SouthAsia Enterprise Development...

Prime Bank begins roadshow

2008-03-21 00:00:00

FE ReportThe first ever roadshow of Prime Bank Limited showcasing different products and services of the bank was formally inaugurated in the city Wednesday. The roadshow with a 'feature of travelling demonstration will be brought to all the 61 branches...

Abu Alam Chy elected FBCCI vice-president

2008-03-21 00:00:00

Abu Alam Chowdhury, president of Bangladesh Craft and Giftware Exporters Association, has been elected unopposed vice-president of Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) for the term 2007-08, said a press release.Election of FBCCI was held on March...

BWCCI gets 'A' class chamber status

2008-03-21 00:00:00

FE ReportThe Bangladesh Women Chamber of Commerce and Industry (BWCCI) received 'A class Chamber' status last Saturday from the apex trade body Federation of Bangladesh Chambers of Commerce and Industry (FBCCI)."I am directed to inform you that the FBCCI has...

AKTEL warns subscribers

2008-03-21 00:00:00

FE ReportAktel cautioned their valued customers about the current fraudulent phone calls made by unscrupulous personnel. The company, in a press release said that it had been observed recently that certain quarters had been involved in misleading and deceiving Aktel's...

StanChart signs deal with REL Motors

2008-03-21 00:00:00

FE ReportStandard Chartered Bank signed an agreement with REL Motors Ltd in the city recently. Under the agreement, the bank will offer special interest rates to customers purchasing Subaru motor vehicles from REL Motors Ltd. by availing auto loan facility...

DBBL's donation to Horizon Primary School in Rangpur

2008-03-21 00:00:00

FE ReportDutch-Bangla Bank Limited (DBBL) extended financial assistance to Horizon Primary School, Rangpur for providing educational materials to underprivileged students. Medical Consultant of the bank Mozammel Hossain Khan handed over the educational materials to the school's authority recently.In a discussion...

Two foreign cos to set up plants in DEPZ, KEPZ

2008-03-21 00:00:00

A Netherlands-Singapore joint venture company, Mainetti (Bangladesh) Pvt Limited, will set up an industry for manufacturing garment accessories in the Dhaka Export Processing Zone (DEPZ) with an involvement of 8.0 million US dollars, reports BSS.The one hundred per cent foreign-owned...

IIDFC, PRAN sign deal for setting up knitwear plant

2008-03-21 00:00:00

FE ReportCharka Textile Limited, a sister concern of PRAN-RFL Group, signed an agreement with Industrial and Infrastructure Development Finance Company Limited (IIDFC) in the city recently.Under the agreement, IIDFC will act as lead arranger for raising syndicated financing of Tk...

JCPenney boss sees bright future for apparel, ceramic exports

2008-03-21 00:00:00

Chairman of JCPenney Purchasing Corporation Peter McGrath sees bright future for fashion apparel and ceramics exports from Bangladesh.Peter McGarth and his top level delegation (including Janet Fox, vice president Strategic Sourcing, Steve Bohman, director (Sourcing), Jackie Nixon, regional director, Adil...

Price of coarse rice increasing in Bogra

2008-03-21 00:00:00

Our correspondentBOGRA, March 20: Price of coarse rice in the local market increased by Tk 2-3 per kg in the district. The price was Tk 28 per kg in the local market a week back. But now it is sold...

Asian stock markets turn mixed

2008-03-21 00:00:00

HONG KONG, March 20 (Internet): Stock markets across Asia turned mixed in late trade Thursday, as bargain hunters stepped in after early losses triggered by a slump in commodity prices and Wall Street's decline overnight.South Korea and Shanghai managed a...

Pubali Bank holds workshop on flat loan

2008-03-21 00:00:00

FE ReportPubali Bank Limited recently organised a workshop on flat loan at the bank's head office in the city.Consumers credit agents of the bank from all over the country and 132 branch managers participated in the workshop.Managing Director of the...

SEBL signs deal with CRAB

2008-03-21 00:00:00

FE ReportSoutheast Bank Limited (SEBL) signed an agreement with Credit Rating Agency of Bangladesh Ltd (CRAB) for credit rating of the bank in the city recently. Under the agreement, CRAB would provide rating services to SEBL.CRAB Managing Director Masihur Rahman...

Sony-Rangs opens new showroom at Farmgate

2008-03-21 00:00:00

FE ReportRangs Electronics Limited known as SonyRangs opened a new showroom at the city's Farmgate Wednesday.Deputy Managing Director of Rangs Electronics Limited J Ekram Hussain formally inaugurated the sales and the service centre.Finance Director Raqibul Islam, Accounts and Finance Controller...

CBC launches 2nd SME product at its Dhanmondi branch

2008-03-21 00:00:00

FE ReportCommercial Bank of Ceylon (CBC) introduced its second SME product TradeCom at its Dhanmondi branch in the city Thursday, said a press release.Country Manager of the bank S Renganathan launched the product by handing over the first L/C copy...

corporatewatch

2008-03-21 00:00:00

Dhaka Bank earns Tk 703.78m net profit Dhaka Bank Limited earned a net profit of Tk 703.78 million in the year that ended on December 31, 2007. The earning per share (EPS) of the bank stood at Tk 45.48. Anwar...

Education ministry approves Tk 1.55b for DU dev projects

2008-03-21 00:00:00

The Ministry of Education has approved various development projects of Dhaka University worth about Tk 1.55 billion, reports BSS. DU Director of Planning and Development Zahirul Haque said DU got the approval for implementing a series of development projects on...

Human resources are most important factor behind success of any tech

2008-03-21 00:00:00

Defence Secretary Kamrul Hasan said Thursday skilled human resources are the most important factor behind the success of any technology, reports BSS.For turning the technology meaningful and beneficial for humankind, he said, necessary endowments were of an imperative need. The...

Thai envoy hands over 1000 tonnes of rice for Sidr victims

2008-03-21 00:00:00

FE ReportThailand has donated 1,000 tonnes of rice for the Sidr affected people of Bangladesh as a gesture of goodwill to Bangladesh and the Sidr victims. The assistance reflects the warm relations and close bond of friendship between the people...

Indian deputy Navy Chief calls on Navy Chief, PSO of AFD

2008-03-21 00:00:00

Indian Deputy Navy Chief Vice-Admiral Raman P Suthan Thursday paid a courtesy call on Chief of Naval Staff Vice-Admiral Sarwar Jahan Nizam at the Naval Headquarters at Banani in the city, reports UNB.Assistant Chief of Naval Staff Rear Admiral Mustafizur...

Six persons killed in separate incidents

2008-03-21 00:00:00

Six persons were killed and many others injured in separate incidents in different places of the country during the last two days, report agencies.In Jhenidah, a butcher was shot dead and his octogenarian father wounded by bullet in a gun...

BPRA election schedule announced

2008-03-21 00:00:00

FE ReportThe election schedule of Bangladesh Public Relations Association (BPRA) has been finalised at a meeting held Wednesday at the Association office in the city with Mustafa -E- Zamil, President, BPRA in the chair.According to the schedule, draft and final...

Appeal for help

2008-03-21 00:00:00

FE ReportInjured freedom fighter and Commander of Khilgaon Thana Muktijuddha Command Council Md Ayub Khan has been suffering from lung cancer for the last few months. He is now living under chemotherapy treatment and spending Tk 22000 for each of...

Liver specialists awarded

2008-03-21 00:00:00

FE ReportTwo Bangladeshi liver specialists Dr Md Shahinul Alam and Dr Md Golam Azam have been awarded by American Association for The Study of the Liver (AASLD). Dr Shahinul Alam awarded for his research on acute liver failure and Dr...

Truth Commission expected within a month: Law Adviser

2008-03-21 00:00:00

Law Adviser Hassan Ariff Thursday said the much publicised Truth Commission will be constituted within a month, reports UNBThe Truth Commission is reportedly designed to pardon corruption suspects including businessmen and politicians from imprisonment, provided they appear before the commission...

AL for general election before local body polls

2008-03-21 00:00:00

Awami League (AL) Acting General Secretary Syed Ashraful Islam Thursday said the Election Commission (EC) should be more focused on holding the parliamentary election eschewing dillydallying tactics, reports UNB.Talking to the reporters he said Awami League wants the parliamentary election...

HC allows police to interrogate Tarique at jail gate

2008-03-21 00:00:00

Disposing of two petitions, the High Court Thursday said detained BNP senior joint secretary general Tarique Rahman may be interrogated at the jail gate in connection with two extortion cases, reports UNBAttorney General's office sources said a bench, headed by...

Home ministry asks police to ensure judges' security

2008-03-21 00:00:00

The home ministry has asked the police force to ensure security at judges' residences as well as their personal security outside home in line with a proposal from the law ministry, an official said Thursday, reports bdnews24.comThe order was given...

Iftekhar urges UK govt to relax point-based immigration policy

2008-03-21 00:00:00

Foreign Adviser Dr Iftekhar Ahmed Chowdhury Thursday expressed the hope that the British government would relax its newly-announced point-based immigration policy to allow Bangladeshi chefs to work in popular curry restaurants in the UK, reports UNB.At a press briefing at...