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Sale of new cars affected due to rise in duty structure

2007-12-12 00:00:00

FE ReportThe sale of new cars with engine power of 1501 cc and above has remained depressed due to upward adjustment of supplementary duty (SD) in the current fiscal budget, car traders said.In the current fiscal, the government imposed 20...

Prime Bank opens 58th branch at Ring Road in city

2007-12-12 00:00:00

FE ReportPrime Bank Limited (PBL) opened the 58th branch of the bank in the city's Ring Road Monday.Chairman of the bank Azam J Chowdhury inaugurated the branch as the chief guest.Managing Director of the bank M Shahjahan Bhuiyan presided over...

IDLC bags ICAB nat'l award for best published accounts, reports

2007-12-12 00:00:00

FE ReportIDLC Finance Limited (IDLC), a joint-venture multi-product financial institution, received the 7th ICAB National Award for best-published annual accounts and reports for 2006.Finance Adviser AB Mirza Azizul Islam was present on the occasion as the chief guest.IDLC got the...

MTB opens 29th branch in Keraniganj

2007-12-12 00:00:00

FE ReportMutual Trust Bank Ltd (MTBL) opened its 29th branch at Babul Tower, Shahid Delwar Hossain Road, East Aganagar, Keraniganj, Dhaka recently.Chairman of MTB Samson H Chowdhury formally inaugurated the branch. Managing Director of the bank Kazi Md Shafiqur Rahman...

NAVs of ICB AMCL Islamic, NRB, First mutual funds

2007-12-12 00:00:00

FE ReportThe total net asset value (NAV) of ICB AMCL Islamic Mutual Fund stood at Tk 13,33,89,152.38 on the basis of cost price and Tk 19,43,42,786.53 on the basis of market price at the close of business operation on November...

Uttara Bank holds workshop

2007-12-12 00:00:00

Our CorrespondentTANGAIL, Dec 11: Uttara Bank Limited in cooperation with Bangladesh Bank held a two-day training workshop on anti money laundering at Tangail Press Club Community Centre recently.Deputy General Manager (DGM) Uttara Bank (Mymensingh) Gulzer Hossain presided over the programme.Uttara...

BDR selling powder milk at Tk 85 lower per kg

2007-12-12 00:00:00

The prices of some major essential commodities are at least 16 per cent less in the BDR-run markets than in other markets in the capital city, reports BSS.According to BDR sources, the price of one kg of full-cream powder milk,...

Citycell customers will enjoy special discount from Praasad Paradise

2007-12-12 00:00:00

Citycell customers will get special discount on room tariff at Praasad Paradise Hotel and Resort (which is under the management of Grand Bay) located at Cox's Bazaar. Officials of both the companies recently signed an agreement in this connection at...

Italy-Bangladesh trade volume doubles in 7 yrs

2007-12-12 00:00:00

FE ReportItaly-Bangladesh Chamber of Commerce and Industry (IBCCI) President HM Hakim Ali said the export and import businesses which have more than doubled from 2000 to 2006. Business is now on the rising trend between the two countries.The IBCCI president...

banglalink, Brac Bank sign deal

2007-12-12 00:00:00

FE Reportbanglalink and Brac Bank Limited signed an agreement in the city recently.Chief Executive Officer (CEO) of banglalink Rashid Khan and Managing Director and CEO of Brac Bank Limited Imran Rahman signed the agreement on behalf of their respective organisations.Under...

Thrust on having clear conception about money laundering

2007-12-12 00:00:00

FE ReportThe Nilphamari branch of Pubali Bank Limited organised a workshop on "Money Laundering Prevention" to develop awareness among officials of the Pubali Bank branches in the district.General Manager of Bangladesh Bank, Rangpur Abdus Sattar was present as the chief...

Premier Bank holds managers' meet

2007-12-12 00:00:00

FE ReportPremier Bank Limited (PBL) held the monthly managers' meeting of the bank at the head office in the city recently.Vice Chairman of the bank BH Haroon was present in the meeting as the chief guest. The PBL vice chairman...

BASIC Bank holds workshop

2007-12-12 00:00:00

FE ReportBASIC Bank Limited organised a workshop on UCP-600 at its training centre in the city recently. Managing Director of the bank AH Ekbal Hossain and Deputy Managing Director Md Mossadiqur Rahman were present as the chief gust and the...

European shares decline

2007-12-12 00:00:00

Traders at the Frankfurt Stock Exchange. Europe's top equity markets have slipped as banking shares lost further ground amid the subprime lending crisis and as investors positioned themselves before a key US interest-rate call. Europe's top equity markets dropped Tuesday,...

Asian markets mostly higher

2007-12-12 00:00:00

BANGKOK (Thailand), Dec 11 (AP): Most Asian stock markets rose Tuesday in anticipation that an expected US interest rate cut later in the day will help ease the pressure on the US economy, a major export market.Japan's benchmark stock index...

corporatewatch

2007-12-12 00:00:00

Dutch Bangla Bank to increaseauthorised capitalThe board of directors of Dutch Bangla Bank Limited has decided to increase its authorised capital from Tk 400 million to Tk 4.0 billion subject to the approval of the Bangladesh Bank.Ashraf Textile incurs Tk...

Poll shows more in US see progress in Iraq

2007-12-12 00:00:00

WASHINGTON, Dec 11 (AP): Growing numbers of people think the United States (US) is making progress in Iraq and will eventually be able to claim some success there, a poll showed Tuesday in a sign the politics of the war...

Voting begins in Gujarat after vitriolic campaign

2007-12-12 00:00:00

SURENDRANAGAR, India, Dec 11 (Reuters): Hundreds of thousands of people began voting in India's western state of Gujarat Tuesday in an election that was supposed to be about a booming economy but turned into a war of words over Hindu-Muslim...

Battle over emissions at climate meeting

2007-12-12 00:00:00

BALI, Indonesia, Dec 11 (AP): The battle over whether to include greenhouse gas emissions targets in the 'roadmap' for a new climate accord intensified Tuesday, with the Europeans and environmentalists clamoring for the targets against opposition by the US and...

Afghan, NATO troops close to capturing Taliban town

2007-12-12 00:00:00

KABUL, Dec 11 (Reuters): Afghan and North Atlantic Treaty Organisation (NATO) were close to fully capturing the Taliban stronghold of Musa Qala Tuesday, but there was still a threat from isolated insurgent fighters and bomb attacks, a British army spokesman...

Hillary was always the one: Clinton

2007-12-12 00:00:00

AMES, Iowa, Dec 11 (AP): Campaigning for his wife, former President Clinton says that when they were starting out he was so struck by her intellect and ability he once suggested she should just dump him and jump into her...

Sticking with sleep apnea treatment cuts BP

2007-12-12 00:00:00

NEW YORK, Dec 11 (Reuters): New research suggests that people who suffer from the nighttime breathing disorder, obstructive sleep apnea, who also have high blood pressure could benefit from good compliance with continuous positive airway pressure (CPAP) treatment. Obstructive sleep...

Koreas begin cargo train service

2007-12-12 00:00:00

DORASAN STATION, South Korea, Dec 11 (AP): North and South Korea began regular freight train service across their heavily armed border Tuesday for the first time in more than a half century, in another symbolic step in their reconciliation. The...

Iraq rejects permanent US bases

2007-12-12 00:00:00

BAGHDAD, Dec 11 (Reuters): Iraq will never allow the United States (US) to keep permanent military bases on its soil, the government's national security adviser has said. "We need the United States in our war against terrorism, we need them...

SC upholds HC ruling

2007-12-12 00:00:00

Declaring void the appeal filed by Abu Safa, the Supreme Court (SC) upheld Tuesday the High Court (HC) ruling that made mandatory for candidates of Jatiya Sangsad (JS) elections to make personal information public.A full hierarchy of the Supreme Court...

LDP for banning war criminals in polls

2007-12-12 00:00:00

The Liberal Democratic Party (LDP) Chairman Oli Ahmed has requested the Election Commission (EC) to declare the timeframe for general elections without delay and bar war criminals from running. In the electoral reforms dialogue Tuesday, the LDP chief said the...

AL decides not to join President's programmes

2007-12-12 00:00:00

The Awami League (AL) has decided not to attend the President's Victory Day and Eid-ul Azha programmes."It has been decided at our central working committee meeting that we will not go to the Bangabhaban to join the functions," AL presidium...

Verdict today

2007-12-12 00:00:00

RAJSHAHI, Dec 11 (UNB): A Speedy Trial Tribunal will deliver verdict here Wednesday in the case against 14 persons, including two Rajshahi University (RU) teachers, for torching a DGFI vehicle amid campus violence. Additional Chief Metropolitan Magistrate Ruhul Amin will...

DU students form human chain

2007-12-12 00:00:00

DU CorrespondentA group of students of Dhaka University (DU) Tuesday formed a human chain on the campus demanding immediate release of the university's teachers and students detained in connection with August 20-22 incident along with withdrawal of the cases filed...

Donations for cyclone victims

2007-12-12 00:00:00

Grameenphone's majority shareholder, Telenor ASA's subsidiaries in Denmark and Pakistan, has donated Tk 2 million for the rehabilitation of Sidr victims in Bangladesh, reports UNB.Employees of Telenor's subsidiary Sonofon have donated Tk one million to Grameenphone's fund for the rehabilitation...