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Malaysia positive on 2008 export outlook

2008-02-13 00:00:00

KUALA LUMPUR, Feb 12 (AFP): Malaysian Trade Minister Rafidah Aziz said today the country's export forecast for 2008 is bright despite global uncertainties after exports rose by 2.7 per cent in 2007. "We have managed to see an extension of...

Oil prices ease in Asian trade

2008-02-13 00:00:00

SINGAPORE, Feb 12 (AFP): World oil prices fell in Asian trade today with market attention turning back to a slowing US economy, analysts said. In morning trade, New York's main contract, light sweet crude for delivery in March, fell 27...

Loko Bima of Meghna Life Ins earns Tk 670m as premium

2008-02-13 00:00:00

FE ReportLoko Bima of Meghna Life Insurance Company Ltd has earned Tk 670 million (Tk 67 crore) as premium in 2007.This was disclosed at the year-end meeting of 2007 of Loko Bima held at its head office at Motijheel in...

Nitol Insurance chairman, vice-chairman re-elected

2008-02-13 00:00:00

FE ReportThe board of directors of Nitol Insurance Co Ltd has unanimously re-elected Abdul Matlub Ahmad as chairman and AKM Monirul Hoque as vice-chairman of the company for the next term at its meeting held recently in the city. The...

Fareast Islami Ins chairman off to KL to attend int'l seminar

2008-02-13 00:00:00

FE ReportChairman of the board of directors of Fareast Islami Life Insurance Co Ltd Md Nazrul Islam, its Shariah Council Chairman Saiyed Kamaluddin Zafree and Managing Director Md Ali Hossain left Dhaka recently to attend an international seminar on Takaful...

Nitol Ins holds annual branch conference

2008-02-13 00:00:00

FE ReportThe Annual Branch Conference 2008 of Nitol Insurance Co Ltd was held at a city hotel recently, said a press release.Chairman of the company Abdul Matlub Ahmad, its Vice-chairman AKM Monirul Huq, Managing Director Shamsuddin Ahmed, branch incharges and...

Dollar stable as traders digest G7 meeting

2008-02-13 00:00:00

TOKYO, Feb 12 (AFP): The dollar was steady against the yen in Asian trade today after world finance chiefs refrained from taking any concrete measures to stabilise markets at a weekend meeting, dealers said. They said the Tokyo market, which...

Drought cuts 10 pc of Australian agricultural production

2008-02-13 00:00:00

SYDNEY, Feb 12 (AFP): Drought cut 10 per cent off the value of Australia's agricultural production in 2006-07, official figures showed today. Poor crop production fuelled the downturn to a total output of 34.2 billion dollars (30.8 billion US), the...

China's software industry sees revenue rise

2008-02-13 00:00:00

BEIJING, Feb 12 (AFP): China's software industry saw an increase in revenue of more than 20 per cent last year, boosted by particularly swift growth in income from services, state media reported today. The Chinese software industry generated revenues of...

Philippine inflation seen within 3-5pc this year

2008-02-13 00:00:00

MANILA, Feb 12 (AFP): Philippine inflation will remain within the three to five per cent target range for 2008 despite economic pressures, the country's central bank chief said today. "We are looking at a turtle-back-like inflation trend for the whole...

Jt forces exchange views with elite in Rajshahi

2008-02-13 00:00:00

Our CorrespondentRAJSHAHI, Feb 11: Members of the joint forces held a view-exchange meeting with local elite, with the aim to tame the skyrocketing prices of essential commodities at the auditorium of Rajshahi Chamber of Commerce and Industry (RCCI) recently, sources...

Govt to set up two new EPZs

2008-02-13 00:00:00

FE ReportThe government has decided to establish two new EPZs - 'Meghna Export Processing Zone' at Gazaria in Munshiganj, and 'Feni Export Processing Zone' in Feni. This was disclosed at the 28th Bangladesh Export Processing Zones Authority (BEPZA) board of...

Singer launches special sales campaign

2008-02-13 00:00:00

FE ReportSinger has launched a special sales campaign titled 'Singer Plus February Special' across the country recently.The sales promotion drive will continue until February 29, said a press release. Buyer of any model of Singer motor cycle, scooter and Emeishan...

IFIC Bank holds annual managers' confce

2008-02-13 00:00:00

FE ReportIFIC Bank Limited held a two-day annual managers' conference-'08 at Proshika Human Resources Development Centre Trust, Koitta in Manikganj recently.The conference was inaugurated by Chairman of the bank Mohammad Lutfar Rahman, while it was presided over by Managing Director...

StanChart opens 41st ATM booth at Mirpur Circle 1

2008-02-13 00:00:00

FE ReportStandard Chartered Bank opened its 41st ATM at Mirpur Circle 1 in the city recently.Standard Chartered Bank Head of Shared Distribution and Service Quality Tanvir Haider Chaudhury formally inaugurated the ATM booth. Senior officials of the bank were present...

Tk 6.3b of ADP in power sector to remain idle this year

2008-02-13 00:00:00

About Tk 6.3 billion (630 crore) of the Power Division's total allocation under the annual development programme (ADP) will remain unused due to less project implementation this year, an official said Monday, reports bdnews24.com.A 150-megawatt power plant in Chandpur did...

banglalink donates Tk 3.7m for Sidr-hit people

2008-02-13 00:00:00

FE Reportbanglalink donated Tk 3.7 million (37 lakh) generated through fund raising activities, for Sidr-affected people.Chief Executive Officer (CEO) of the company Rashid Khan handed over a cheque to Chief Adviser Fakhruddin Ahmed at the latter's office recently.Immediately after the...

AKTEL stands beside thalassemia-hit Soma

2008-02-13 00:00:00

FE ReportAKTEL, one of the largest cellular phone operators in the country, recently launched SMS campaign to raise funds for the treatment of Soma Akter (17), who is suffering from terminal illness of thalassemia.AKTEL Chief Financial Officer Nora Junita Hussaini...

Asian stocks sceptical of Wall St bounce

2008-02-13 00:00:00

HONG KONG, Feb 12 (Reuters): Asian shares edged higher Tuesday after the latest bounce on Wall Street failed to dispel fears about a US recession, while supply worries kept commodity prices high.Global investors are alert for any sign of further...

Loan distributed among distressed women

2008-02-13 00:00:00

GAIBANDHA, Feb 12 (BSS): Department of Women Affairs distributed loan among distressed women of Sadullapur Upazila in the district Sunday aimed at creating employment opportunities. The loan distribution function was held on the premises of upazila parishad with Shahnaj Akter,...

Agora's new outlet at Mirpur soon

2008-02-13 00:00:00

FE ReportAgora, the country's first and largest chain supermarket, will open a new outlet in the city's Mirpur area in the third week of February. In this connection, Rahimafrooz Superstores Ltd, the owning company of Agora, recently signed an agreement...

BGCCI distributes cash among Sidr-hit people

2008-02-13 00:00:00

FE ReportBangladesh German Chamber of Commerce and Industry (BGCCI) distributed about Tk 0.6 million (6.0 lakh) in cash among the Sidr-affected people in Patuakhali district recently.The Chamber collected the amount as donation from its member firms to help devastated people...

Dilip Das SGM of Commercial Bank of Ceylon

2008-02-13 00:00:00

FE ReportDilip Das Gupta has been elevated to the rank of senior general manager (SGM) of Comm-ercial Bank of Ceylon Ltd in recognition of his role in establishing the institution as one of the best rated foreign banks in Bangladesh.Before...

US confirms upcoming talks with Iran on Iraq

2008-02-13 00:00:00

WASHINGTON, Feb 12 (AFP): The United States confirmed Monday reports that it is planning a new round of talks with Iran on the future of war-ravaged Iraq, but that the two sides have yet to agree on a date. "We...

Annan calls for Kenya deal within three days

2008-02-13 00:00:00

NAIROBI, Feb 12 (AFP): Kofi Annan urged Kenya's rival leaders Monday to hold urgent talks outside the capital to find an end within 72 hours to the political crisis and unrest that has left more than 1,000 people dead. Annan...

Australian troops land to boost East Timor security

2008-02-13 00:00:00

DILI, Feb 12 (Reuters): Australian troops began arriving in East Timor Tuesday to help enforce a state of emergency after the tiny nation's president was critically wounded in a double assassination attempt and flown to Darwin for treatment. An Australian...

Japan PM calls Okinawa rape case "unforgivable"

2008-02-13 00:00:00

TOKYO, Feb 12 (Reuters): Japan's prime minister Tuesday denounced the suspected rape of a 14-year-old girl by a US Marine on the southern island of Okinawa, an episode with echoes of a 1995 case that jolted the US-Japan alliance. The...

Morales accuses US official of spying

2008-02-13 00:00:00

LA PAZ, Bolivia, Feb 12 (AP): President Evo Morales declared a US Embassy security officer to be an "undesirable person" Monday after reports that the officer asked an American scholar and 30 Peace Corps volunteers to pass along information about...

Two Pakistan nuclear officials kidnapped

2008-02-13 00:00:00

PESHAWAR, Pakistan, Feb 12 (AFP): Two Pakistani nuclear energy officials have been abducted by masked men from a troubled northwestern area near the Afghan border, police said Tuesday. The kidnappers bundled the Pakistan Atomic Energy Commission (PAEC) workers and their...

Archbishop defends remarks on Islamic law in Britain

2008-02-13 00:00:00

LONDON, Feb 11 (washigtonpost.com): The spiritual leader of the global Anglican church Monday defended controversial remarks that Britain should consider formally recognising aspects of Islamic law, but conceded that his choice of words in broaching the issue may have been...