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Indonesia plans 'single window' for trade permits

2007-12-07 00:00:00

JAKARTA, Dec 6 (AFP): Notoriously bureaucratic Indonesia is set to open a so-called "national single window" for importers and exporters to receive trade permits, the trade minister said today. "Basically we are trying to create a single window for... the...

Oil U-turns lower, wheat tumbles

2007-12-07 00:00:00

CHICAGO/LONDON, Dec 6 (Reuters): Oil's OPEC-fueled gains yesterday reversed by an unexpected rise in US stocks of gasoline, while wheat tumbled as the United States lost out to Russia in selling the food grain to Egypt. Spot gold fell below...

DBBL signs loan deal with Netherlands Co

2007-12-07 00:00:00

FE ReportDutch-Bangla Bank Limited (DBBL) signed a subordinated loan agreement with Netherlands Finance Development Company at the DBBL's head office in the city Monday.DBBL Managing Director Md Yeasin Ali and Netherlands Finance Development Company Director WJM Wienk and Senior Investment...

City Bank launches 3 savings products

2007-12-07 00:00:00

FE ReportThe City Bank Limited has launched three new attractive saving products -- City Onayash, City Projonmo and City Ichchapuron -- for its customers. "The new products will add great value to our retail banking," said Kazi Mahmood Sattar Managing...

Fifth Int'l Medexpo-2007 begins in city

2007-12-07 00:00:00

FE ReportMedexpo-2007, the fifth International Medical Equipment and Healthcare Services Exposition-2007 began at a city hotel Thursday.National Professor MR Khan inaugurated the exhibition as the chief guest.Medexpo-2007 Chairman Kazi Wahidul Alam and Chief Coordinator Syed Alamgir Haider and Otobi Limited...

Jute products fair held

2007-12-07 00:00:00

Our CorrespondentMYMENSINGH Dec 6: A three-day 'Jute Products Fair' ended at Mymensingh recently.The fair was jointly organised by Jute Diversification Promotion Centre (JDPC) under Textile and Jute Ministry and the district administration. The fair was held from November 29 to...

July-Nov remittance flow records 21.69pc growth

2007-12-07 00:00:00

FE Report Remittances by the Bangladeshi expatriates stood at $2.806 billion in the first five months of the current fiscal, marking a 21.69 per cent growth over that of the same period of the last fiscal, official sources said. The...

BASIS declares Denmark partner country in SoftExpo '08

2007-12-07 00:00:00

FE ReportBangladesh Association of Information Services (BASIS) held a meeting in a bid to cooperate with the ITB, the IT industry association of Denmark, for participating in the BASIS SoftExpo-2008 to be held in Dhaka in February 14-18.BASIS Director and...

Saif Powertec donates Tk 0.5 million to Army Relief Fund

2007-12-07 00:00:00

FE ReportSaif Powertec Limited Thursday donated Tk 0.5 million to the Bangladesh Army Relief Fund to help the hurricane-affected people. The donation fund was generated from one day's salary of the officials and employees of Saif Powertec Limited. Managing Director...

Sri Lankan co to invest $10.624m in Ctg EPZ

2007-12-07 00:00:00

FE ReportA Sri Lankan company namely M/s Fergasam (Bangladesh) Ltd will set up a garments manufacturing industry in the Chittagong Export Processing Zone (EPZ).The one hundred per cent foreign-owned company will invest about 10.624 million US dollars and will produce...

Prime Bank opts for GP Business Solutions

2007-12-07 00:00:00

FE ReportGrameenphone Ltd has signed an agreement with Prime Bank Limited recently to provide complete communication facilities under its Business Solutions package to the bank.GP Business Solutions is an integrated telecommunications service specially designed for the business entities of Bangladesh,...

Rupali Bank holds 4th EGM, 21st AGM

2007-12-07 00:00:00

FE ReportThe fourth extra-ordinary general meeting (EGM) and the 21st annual general meeting (AGM) of Rupali Bank Limited (RBL) were held at BDR Darbar Hall in the city Wednesday.RBL Chairman ATM Fazlul Karim presided over the meetings. Also present on...

Expo of 12th Berger young painters' art contest begins

2007-12-07 00:00:00

FE ReportThe exhibition of the 12th Berger Young Painters Art Competition (BYPAC) was inaugurated at Zainul Gallery of Institute of Fine Arts at Dhaka University Tuesday.Berger Paints (BD) Ltd Managing Director Masih Ul Karim inaugurated the art exhibition.This year, the...

Cultivation of winter crops gaining momentum in Nilphamari

2007-12-07 00:00:00

Our CorrespondentNILPHAMARI, Dec 06: Cultivation of winter crops is gaining momentum in Nilphamari district and farmers are preparing their land for this purposes. According to the department of Agriculture Extension (DAE) the production target of wheat has been fixed at...

North Bengal Cycle, IDLC sign deal

2007-12-07 00:00:00

FE ReportA contribution agreement was signed between North Bengal Cycle Industries Ltd and IDLC Finance Ltd on behalf of Local Enterprise Investment Centre (LEIC) in the city recently.Under the deal, IDLC will help North Bengal Cycle to produce and assemble...

IIBL board meet held

2007-12-07 00:00:00

FE ReportThe 85th meeting of the board of directors of' Islami Insurance Bangladesh Limited (IIBL) was held recently at its head office in the city recently. Vice Chairman of the company M Tajul Islam presided over the meeting in absence...

New chairman, vice-chairman of Sonar Bangla Ins

2007-12-07 00:00:00

FE ReportThe board of directors of Sonar Bangla Insurance Ltd unanimously elected Md Shamsul Haque and Ram Chandra Barai as the chairman and the vice-chairman respectively of the company.The election was held at the 61st meeting of the board of...

Two more ATM booths of Premier Bank launched

2007-12-07 00:00:00

FE ReportPremier Bank formally launched two more ATM booths on the premises of its Banani and Gulshan branches in the city Monday.Two separate simple ceremonies were held in this connection. Vice Chairman of the bank BH Haroon and Director Abdus...

corporatewatch

2007-12-07 00:00:00

Purchase/ sale of director's sharesThe City Bank: Hosne Ara Aziz, one of the sponsors of The City Bank Limited, has stated her willingness to sell 10,800 shares out of her total holdings of 118,800 shares of the bank at current...

N Korean nuclear declaration must be credible: US envoy

2007-12-07 00:00:00

BEIJING, Dec 6 (AFP): US envoy Christopher Hill said Thursday that North Korea must make credible declarations about all its nuclear programmes, as doubts emerged over whether a year-end deadline would be met. Speaking ahead of talks with Chinese and...

Pakistan's Sharif to meet sacked chief justice

2007-12-07 00:00:00

ISLAMABAD, Dec 6 (AFP): Opposition leader Nawaz Sharif will Thursday meet Pakistan's ousted chief justice, who remains under effective house arrest after refusing to endorse a state of emergency, party officials said. Top judge Iftikhar Muhammad Chaudhry was sacked on...

No 'victory dances' yet in Iraq, says top US general

2007-12-07 00:00:00

BAGHDAD, Dec 6 (AFP): The top American general in Iraq, David Petraeus, expressed satisfaction on Thursday at the progress made in Iraq but said the military was still far from any victory dance. "Nobody in uniform is doing victory dances...

China mine blast leaves 40 dead, 74 trapped

2007-12-07 00:00:00

BEIJING, Dec 6 (AFP): An explosion at a coal mine in northern China killed 40 people Thursday and trapped another 74 underground, officials said, in the latest tragedy to strike the notoriously unsafe industry. The gas blast happened just after...

Teen kills eight in US mall rampage

2007-12-07 00:00:00

OMAHA, Nebraska, Dec 6 (AFP): A teenager who wanted to die "famous" shot dead eight Christmas shoppers with an assault rifle at an Omaha shopping mall before killing himself. Robert Hawkins (19) left a suicide note in which he explained...

Rising crime incidents

2007-12-06 00:00:00

Crime incidents appeared suppressed in recent months in Dhaka city. The imposition of emergency, changes in the formation of the police and other measures adopted by the government as well as by the reorganised police force, created the conditions for...

Ensuring food security at a difficult time

2007-12-06 00:00:00

Mozzamel Haque THE prices of basic foods such as ata (wheat flour) and rice are now very high-a situation that is otherwise considered unusual during this part of the year when harvesting of 'aman' crop exerts a moderating influence on...

Banks must reassess their role

2007-12-06 00:00:00

Peter Thal LarsenIN recent years, senior bankers have grown fond of using a simple metaphor to sum up the changes taking place in the global financial landscape. Banks, they proclaimed, used to be in the storage industry. But in recent...

Common sense brews a safer culture

2007-12-06 00:00:00

David Wighton JOHN Thain says one of the first things he has to do as the new chairman and chief executive of Merrill Lynch is revamp the Wall Street bank's risk management system. Over at Citigroup, they have launched a...

In praise of liberalisation

2007-12-06 00:00:00

Bangladesh was a strongly inward looking economy until the early eighties when it adopted trade liberalisation policies as part of the structural adjustment programme. It was found that during the period of extensive trade liberalisation from 1992 to 1996, fiscal...

Better population control activities are needed

2007-12-06 00:00:00

SERIOUS observers at field levels know that the official family planning programme is not running well. The door- to-door visitors of the family planning department to households are hardly seen doing their job. Although they are paid from the public...