WASHINGTON, Jan 2 (Reuters): More steps by Congress and the Bush administration are likely needed to stabilise the imploding US housing market, a senior White House official said Tuesday, as more signs of distress appear.Early last month, President George W...
HONG KONG, Jan 2 (AP): The Singapore Airlines bid to buy a 24 per cent stake in China Eastern Airlines appeared in trouble Wednesday after a major shareholder criticised the deal as unfair.China National Aviation Holding, the parent company of...
TUNIS, Jan 2 (Xinhua): Gulf investments in Tunisia jumped in 2007, something which promoted the Tunisian government to plan to carry out new projects during the coming five years at costs ranging from 50 billion to 60 billion US dollars....
KARACHI, Jan 2 (Reuters): Pakistani businessmen are veterans of political crises, but this time they say it's different. From self-employed truck drivers to wealthy factory owners, no one can recall anything like the violence that shook Pakistan after last week's...
HANOI, Jan 2 (Xinhua): Vietnam is estimated to attract 5-6 billion US dollars of foreign indirect investment (FII) last year, 3-4 times the figure in the year earlier, local newspaper Investment reported today. A considerable amount of the FII was...
JAKARTA, Jan 2 (AFP): Any global economic slowdown would have a limited impact on Indonesia's growth this year, President Susilo Bambang Yudhoyono said today. Yudhoyono told a gathering at the Indonesian Stock Exchange on the first trading day of the...
TEHRAN, Jan 2 (Xinhua): Iran and Vietnam yesterday signed a memorandum of understanding (MoU) on cooperation in the trade and economic sectors, the official IRNA news agency reported. Iranian Commerce Minister Masoud Mir-Kazemi and visiting Vietnamese Minister of Agriculture and...
SEOUL, Jan 2 (AFP): South Korea's exports rose 14.2 per cent from a year earlier to a record 371.8 billion dollars in 2007, a government report said today. It was the fifth straight year that exports have grown by double...
PHNOM PENH, Jan 2 (AFP): Tourist arrivals in Cambodia topped two million in 2007, Tourism Minister Thong Khon said today, adding that the country hopes to attract more visitors this year by expanding its attractions. "We hit our target" for...
SINGAPORE, Jan 2 (AFP): The dollar fell in Asian trading today amid speculation of another move by the Federal Reserve to cut interest rates to bolster the sluggish US economy, dealers said. In afternoon trading, the dollar was lower at...
FE ReportThe 26th annual general meeting (AGM) of the Quasem Drycells Limited approved 10 per cent cash dividend for the financial year 2006-07. Quasem Drycells Managing Director and CEO Tasvir Ul Islam presided over the meeting held at IDEB Bhaban,...
Our CorrespondentKHULNA, Jan 02: Shaharuzzaman Mortoza was re-elected president in the biennial election of the Khulna Chamber of Commerce and Industry (KCCI) held at its conference room here Monday.Farhad Ahmed Akand Pompi and Syed Gofranuzzaman Gora were elected senior vice-president...
BEIJING, Jan 2 (Xinhua): China started a temporary quota policy on the export of wheat, corn and rice powder yesterday, in order to guarantee an adequate domestic supply. The adjustment aims to curb grain exports boosted by climbing international prices,...
CARACAS, Jan 2 (Xinhua): Venezuela's new "strong bolivar" currency, lopping off three zeros from prior denominations, started its circulation yesterday. Venezuela's Finance Minister Rodrigo Cabezas said with the circulation, Venezuela stops being the only South American country with high denominations....
PHNOM PENH, Jan 2 (Xinhua): Cambodia, Laos and Vietnam have signed an energy cooperation agreement, hastening the construction of two World Bank-funded power lines from Vietnam to Kompong Cham province and Laos to Stung Treng province, local media reported today....
The government has lost over Tk 67.00 billion (US$1.145 billion) in revenue as Bangladesh Telegraph and Telephone Board (BTTB) failed to properly link the private mobile phone providers with its network, bdnews24.com reports. The figure pops up from the payment...
Our CorrespondentCHITTAGONG Jan 02: Due to crisis of wagon and engine, Bangladesh Railway (BR) is not able to increase transportation of goods from Chittagong port (CP) and in turn containers are being stockpiled at the port yard, sources said.If transportation...
FE ReportBRAC Bank Limited launched a new service -- Probashi Banking Service -- to provide a total banking solution to Non-Resident Bangladeshis (NRBs) in addition to the regular remittance services."Probashi Banking Service introduced a wide range of deposit and investment...
FE ReportLankaBangla Finance Ltd signed a corporate finance agreement with Screen Line (Pvt) Ltd, a sister concern of Screen Line Group of Sri Lanka, to provide corporate advisory services to the latter.Managing Director (MD) of LankaBangla Finance Ltd Mafizuddin Sarker...
FE ReportA US-Canada joint venture company, namely M/s Accessories World Ltd will set up a garment accessories manufacturing unit in Adamjee Export Processing Zone (EPZ), according to a press release.This one hundred per cent foreign-owned company will invest US$ 5.2...
FE ReportNew luxury amenity kits, containing exclusive products by Bvlgari, are being offered to passengers in the first and business class cabins on Emirates' long-haul flights, according to a press release.In developing the new kit, Emirates wanted to link it...
Faruq Mainuddin has been promoted as the deputy managing director of AB Bank. Prior to this position, he had been working as the head of credit risk management division of the Bank, says a press release. Upon completion of his...
FE ReportPremier Bank Limited celebrated English new year in the city Tuesday.In this connection, a function was organised at its head office. Vice Chairman of the bank BH Haroon was present at the function as the chief guest, while Director...
FE ReportA nine-day Super Value Week, a special promotional campaign, began at Agora, country's pioneering and largest supermarket, Friday (December 28) on the occasion of the New Year. During the programme, which will continue up to January 5, buyers will...
FE Report Dutch-Bangla Bank Limited (DBBL) has opened its 49th branch in Manikganj recently with on-line banking facilities from the very first day. DBBL Additional Managing Director AHM Nazmul Quadir inaugurated the branch.Also present at the inaugural function were Manikganj...
FE Report Commercial Bank of Ceylon Limited (CBCL) took part in a three-day fair, organised by the scholarbangladesh.com for the first time for non-resident Bangladeshis (NRB) at a city hotel recently.With attractive deposit schemes and online banking facilities, the staff...
FE ReportSalahuddin Kasem Khan and Syed Moazzam Hossain have been elected president and secretary general respectively of the Bangladesh Malaysia Chamber of Commerce and Industry (BMCCI) for the term 2008-2009.They were elected at the annual general meeting (AGM) of the...
FE Report Pashchimanchal Gas Company Limited (PGCL) earned Tk 1.44 billion (144.07 crore) revenue and Tk 50.535 million net profit by selling 498.341 MMCM gas in the fiscal 2006-2007. This was disclosed at the eighth annual general meeting (AGM) of...
FE Report Commercial Bank of Ceylon Limited (CBCL) took part in a three-day fair, organised by the scholarbangladesh.com for the first time for non-resident Bangladeshis (NRB) at a city hotel recently.With attractive deposit schemes and online banking facilities, the staff...
BANGKOK, Jan 2 (AP): Most Asian markets fell in light trade Wednesday in the first trading session of 2008, weighed down by an earlier decline on Wall Street and ongoing concerns about the US economy.The region's largest bourse, the Tokyo...
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