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Prof Husna Banu scholarship fund set up at DU

2008-02-19 00:00:00

Prof. Babuna Faiz, daughter of Prof. Husna Banu Khanam, handed over a cheque for Taka .20 million to Treasurer of Dhaka University Prof. Syed Abul Kalam Azad Monday to set up 'Prof. Husna Banu Khanam Memorial Scholarship Fund' at the...

Former civil aviation official Anwar Ali dies

2008-02-19 00:00:00

M Anwar Ali, father of Assistant Editor of the Bangladesh Observer Ali Sanwar, died in the city at the early hours of Monday. He was 91, reports BSS.Anwar Ali, a former Civil Aviation official, left behind four daughters and one...

EBL launches composite banking facilities for SME business houses

2008-02-19 00:00:00

FE Report Eastern Bank Limited (EBL) has launched its 5th structured asset product and 1st bundle product -- EBL Banijyo -- in its SME Banking division. 'EBL Banijyo' is a composite banking facility to the SME (small and medium enterprises)...

Corporate bodies’ help sought for underpriviledged students

2008-02-19 00:00:00

FE ReportDutch-Bangla Bank Ltd (DBBL) awarded scholarships to the meritorious and needy students, including 10 physically disabled students, who passed the SSC Examination in 2007 and studying at the HSC level in different colleges in the country, for their full...

Ctg Int'l Trade Fair begins today

2008-02-19 00:00:00

Our CorrespondentCHITTAGONG Feb 18: The 16th Chittagong International Trade Fair (CITF)-2008 begins at the Railway-Polo Ground in the port city tomorrow (Tuesday) . In this connection, the Chittagong Chamber of Commerce and Industry (CCCI) organised a press conference at the...

StanChart concludes first EUR/USD derivative

2008-02-19 00:00:00

FE ReportStandard Chartered (StanChart) Bank, Bangladesh concluded successfully the first EUR/USD derivative deal with Square Yarns Ltd.Square Yarns Ltd, a concern of Square Group, is exploring an innovative product to hedge its exchange risk against underlying Euro exposure.StanChart Global Markets...

Asset Magazine awards CITI best bank in Asia

2008-02-19 00:00:00

FE ReportCiti was awarded best bank in Asia by the editors of the Asset Magazine for 2007. This is the eighth year in a row that Citi has picked up best bank from the Asset Magazine, one of Asia's leading...

Rangpur Sugar Mill suspends production

2008-02-19 00:00:00

GAIBANDHA, Feb 18 (UNB): Rangpur Sugar Mill at Mahimaganj of the district suspended production Saturday due to short supply of sugar cane, though the mill exceeded the production target.Managing Director Shibendra Nath Sarkar said the mill, which resumed its production...

DCCI seeks envoy's coop to cut trade gap with ROK

2008-02-19 00:00:00

FE ReportDhaka Chamber of Commerce and Industry (DCCI) senior vice president (SVP) said Bangladeshi export to South Korea was $9.63 million and import from South Korea was $52.71 million during 2006-'07 fiscal.He said this at a meeting of the DCCI...

Call to curb rising prices of construction materials

2008-02-19 00:00:00

FE ReportA delegation of the Bangladesh Association of Construction Industry (BACI) has urged the government to take an urgent step to control the rising prices of construction materials.The request was made when the BACI team, led by its President Engineer...

Asian stocks hamstrung by US spending worry

2008-02-19 00:00:00

HONG KONG, Feb 18 (Reuters): Asian stocks drifted lower on Monday as weak US consumer data sparked fresh concerns over the spending power of the American shopper, while oil traded above $95 a barrel and other commodities tested, and in...

KPM earns Tk 30m profit in six months

2008-02-19 00:00:00

Our CorrespondentCHITTAGONG, Feb 18: Karnaphuli Paper Mills (KPM) Ltd earned a profit of around Tk 30 million (3.0 crore) during the first six months of the current fiscal.According to KPM sources, as the biggest nationalised paper mill of the country...

Nursery business thriving in Sirajgonj

2008-02-19 00:00:00

Our CorrespondentSIRAJGANJ, Feb 18: Nursery business is thriving in Sirajgonj district with a number of private nurseries that are being run at the town and in the rural areas.Unofficial sources estimated some 350 nurseries have already been set up in...

corporatewatch

2008-02-19 00:00:00

Transfer/purchase/saleof sharesSquare Pharma: Samson H Chowdhury, one of the sponsors of the company, has expressed his intention to transfer 4,42,226 shares out of his total 13,26,678 shares of the company to Anita & Samson Foundation by way of gift outside...

Turbulence for global aviation, Asia faces ME challenge: IATA

2008-02-19 00:00:00

SINGAPORE, Feb 18 (AFP): Tough times are ahead for global aviation despite a return to profit last year, with many airlines mired in debt, rising fuel bills and fears of a looming US recession, industry officials said today. The global...

Thai PM unveils big spending plans to shore up country's economy

2008-02-19 00:00:00

BANGKOK, Feb 18 (AFP): Thailand's newly-elected Prime Minister Samak Sundaravej today unveiled an ambitious spending plan that he said would shore up the kingdom's economy despite worries over a global slowdown. In his first speech to parliament, Samak also vowed...

China's January foreign investment doubles

2008-02-19 00:00:00

BEIJING, Feb 18 (AP): China attracted $11.2 billion in foreign investment in January, up 109.8 per cent from the same month last year, the government said Monday.The commerce ministry, which reported the figure in a one-sentence statement, gave no explanation...

Honeybee epidemic threatens apiculture industry

2008-02-19 00:00:00

Our CorrespondentRAJSHAHI, Feb 19: Apiculturists (honeybee farmers) of Godagari, Poba and Tanore upazilas are facing a debacle as thousands of bees they have been rearing are dying from unknown diseases.Nearly 100 beehives of the upazilas have become deserted last week...

Supreme Jute introduces rationing system for workers

2008-02-19 00:00:00

FE ReportSupreme Jute and Knitex Ltd, a wholly export oriented jute yarn manufacturing industry, introduced rationing system for its workers and employees on its mill premises at Savar, near the city recently. The scheme is aimed at protecting the company...

Need for training on general banking stressed

2008-02-19 00:00:00

FE ReportManaging Director (MD) of Mutual Trust Bank Ltd (MTB) Kazi Md Shafiqur Rahman has laid emphasis on training on general banking.He was speaking as the chief guest at the concluding ceremony of a 15-day training on General Banking organised...

Emirates to introduce RFID security system

2008-02-19 00:00:00

FE ReportEmirates Airline announced it was partnering with London Heathrow, Dubai International and Hong Kong International airports recently, to trial the latest RFID (radiofrequency identification) technology in baggage handling.Emirates will be investing close to AED 2 million, to test the...

Call for breakthrough in agriculture

2008-02-19 00:00:00

The country should make steady transition to high productivity in agriculture to attain self-sufficiency from import dependence at a time when the global market of food grains remained tightly marred with soaring prices, experts said, reports BSS.Agriculture Adviser CS Karim...

Dollar stable

2008-02-19 00:00:00

TOKYO, Feb 18 (AFP): The dollar was almost steady in Asian trade today as market players refrained from active trading given the uncertain outlook for the US economy, dealers said. They said trading was subdued with US markets shut for...

China's producer prices up steeply in January

2008-02-19 00:00:00

BEIJING, Feb 18 (AFP): China's producer or wholesale prices rose in January at the fastest rate in over three years, the government said today, suggesting taming inflation remained a challenge. The producer price index gained 6.1 per cent last month...

Bangladesh U-19 make flying start

2008-02-19 00:00:00

Bangladesh U-19 team made a flying start in the ICC Under-19 World Cup beating Bermuda U-19 team by 178 runs in group D match at the Bayuemas Oval Stadium in Kuala Lampur, Malaysia Monday, reports UNB.Sent in to bat first,...

Indo-Bangladesh Bangla Games to begin Friday

2008-02-19 00:00:00

The Second Indo-Bangladesh Bangla Games 2008, involving West Bengal of India and hosts Bangladesh, will begin Friday (February 22) at the Bangabandhu National Stadium (BNS) in the city with hosts Bangladesh hoping to win 40 out of the 67 gold...

Junaid ton guides BCB XI against South Africa

2008-02-19 00:00:00

Riding on a brilliant century by Junaid Siddiqui, BCB XI made 263 for 5 in 64.3 overs against South Africa's first innings total of 397 at stumps on the second day of the three-day warm-up match at the Narayanganj Osmani...

England women win to retain Ashes

2008-02-19 00:00:00

BOWRAL, Feb 18 (BBC): England's women retained the Ashes with a six-wicket victory over Australia in the one-off Test in Bowral. Australia started the fourth and final day on 195-4, a lead of 105, but Isa Guha took 4-60 and...

Coach shrugs off Gilchrist fears

2008-02-19 00:00:00

Adam Gilchrist will be fit for the rest of the triangular CB Series despite injuring his left thumb Sunday, insists Australia coach Tim Nielsen, report BBC. Gilchrist, who will retire from international cricket at the end of the tournament, was...

Ronak Manuja earn double crown

2008-02-19 00:00:00

Ronak Manuja of India earned double crown in the Dhaka Bank 22nd Bangladesh International Junior Tennis tournament winning both the boys' singles and doubles' titles at the Ramna National Tennis Complex in the city Monday, reports UNB.After the day's feat,...