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Farmer killed in road accident

2008-01-04 00:00:00

JHENIDAH Jan 3 (UNB): A farmer was killed in a road accident at Hamdoha Bus Stand in the town today (Thursday). Police said Ansar Ali (30) of Karatipara village in Sadar Upazila died on the spot as a bus hit...

Forum of Consuls in Bangladesh elects office-bearers

2008-01-04 00:00:00

FE Report Salahuddin Kasem Khan, honorary consul general for Turkey in Chittagong and Asif A Chowdhury, honorary consul for Chile in Bangladesh, have been elected chairman and secretary general respectively of the Forum of Consuls in Bangladesh for the 2008-2009...

Sidr-hit farmers submit memo to CA

2008-01-04 00:00:00

JHALOKATHI, Jan 3 (UNB): The Sidr-hit farmers of Nalchhiti Upazila have demanded of the government and NGOs to write-off the agri credits standing in their names.The demand was made in a memorandum submitted to the Chief Adviser Dr Fakhruddin Ahmed...

Vietnam targets foreign investment of $90b in five years

2008-01-04 00:00:00

HANOI, Jan 3 (Xinhua): Vietnam has planned to attract foreign direct investment (FDI) of 90 billion US dollars in the 2006-2010 period, local media reported today. Vietnam will lure bigger amounts of FDI from Japan, the United States and the...

UBS to grow India-China property business

2008-01-04 00:00:00

SINGAPORE, Jan 3 (Reuters): Swiss bank UBS plans to expand its Asian property business as investor appetite for China and India proves resilient to global economic uncertainty, its real estate head said Thursday.UBS, one of the most active arrangers of...

German economy expected to cool in 2008

2008-01-04 00:00:00

BERLIN : Germany's economy minister and a leading economic institute said Wednesday they expect 2008 growth to cool amid rising food and oil prices and fallout from the US subprime mortgage loan crisis.Economy Minster Michael Glos was quoted by the...

Construction cost in US rises 0.1pc

2008-01-04 00:00:00

WASHINGTON: Construc Home builders have been battered by the worst slump in the housing market in more than two decades, a decline that occurred after five boom years which had pushed home sales and prices to record levels. Analysts believe...

Oman to build six new airports to boost tourism

2008-01-04 00:00:00

ABU DHABI, Jan 3 (Xinhua): Oman is planning to build six new regional airports across the country and expand two existing international airports in a bid to boost tourism in the country, local newspaper Gulf News reported yesterday. The plans...

Nepal's tourist arrival all time high in 2007

2008-01-04 00:00:00

KATHMANDU, Jan 3 (PTI): The end of Maoists-related violence in Nepal is once again wooing foreign tourists to the Himalayan nation with the number of the visitors in 2007 witnessing an all time high of about half a million. Altogether...

Oil hits $100 as 2008 starts with investment binge

2008-01-04 00:00:00

NEW YORK, Jan 3 (Reuters): Crude oil surged to $100 a barrel for the first time yesterday, and gold bullion broke above its 1980 high as the first taste of investor sentiment suggested commodities were the flavor of the new...

Gold price breaks 28-year record to hit new peak

2008-01-04 00:00:00

LONDON, Jan 3 (AFP) - Unrest in Pakistan, a faltering dollar and surging oil futures sent the price of gold soaring to a record high yesterday, beating its previous highest level set 28 years ago. The precious metal rose to...

Vietnam's farm export surges last year

2008-01-04 00:00:00

HANOI, Jan 3 (Xinhua): Vietnam earned 12.6 billion US dollars from exporting agricultural products in 2007, up 20 per cent over 2006, according to local newspaper Vietnam Economic Times yesterday. Last year, the country gained nearly 3.8 billion dollars from...

Ctg port channel in a deplorable state

2008-01-04 00:00:00

Our CorrespondentCHITTAGONG, Jan 03: Due to non-compliance of rules and regulations in connection with controlling the course of river Karnaphuli and extraction of sand from the river, building of different establishments occupying the river, lack of dredging facilities and other...

Garment machinery, accessories show from Jan 12 in city

2008-01-04 00:00:00

FE ReportThe 7th International Garment and Allied Machinery and Accessories Trade Show will be held in the city from January 12 to January 15. The three-day exhibition will be held at Bangladesh-China Friendship Conference Centre, said a press release.Zakaria Trade...

Eastern Bank opens 28th branch in city

2008-01-04 00:00:00

FE ReportEastern Bank Ltd (EBL) has opened its 28th branch in the city's Bashundhara residential area recently, said a press release. Managing Director (MD) and Chief Executive Officer (CEO) of the bank Ali Reza Iftekhar inaugurated the new branch. EBL's...

BIA organises workshop on problems, prospects of insurance sector

2008-01-04 00:00:00

FE ReportThe Bangladesh Insurance Association (BIA) organised a workshop on the "problems and prospects of insurance sector in Bangladesh : Challenges Ahead" in Chittagong recently.Chairman of Bangladesh Insurance Association AKM Rafiqul Islam thanked Chief Controller of Insurance Mahfuzul Haque, chairmen,...

'Balaka' bags BCA award in London

2008-01-04 00:00:00

FE ReportThe Balaka, a Bangladeshi restaurant in St Mary's Place in Scotland, scooped the prestigious prize in the Bangladesh Caterers' Association (BCA) special awards ceremony in London recently.Held at the Hilton Park Lane, the event marked the 47h anniversary of...

ICB AMCL declares NAV of two unit funds

2008-01-04 00:00:00

FE ReportThe Asset Management Co Ltd (AMCL), a subsidiary of Investment Corporation of Bangladsh (ICB), has declared the net asset values of its two unit funds. The total net asset value (NAV) of ICB AMCL Unit Fund stood at Tk...

Tata picked as top Jaguar bidder

2008-01-04 00:00:00

DETROIT, Jan 3 (AP): Ford Motor Company picked India's Tata Motors Limited as the top bidder for its Jaguar and Land Rover units, the Detroit automaker said Thursday. Ford has entered into "focused negotiations at a more detailed level" with...

China mutual fund industry nearly quadruples in 2007

2008-01-04 00:00:00

SHANGHAI, Jan 3 (AFP): China's mutual fund industry nearly quadrupled in 2007 as millions of investors rushed to convert their bank deposits for higher returns in the stock market, state media said Thursday. Net assets of China's 363 mutual funds...

Islami Bank opens brokerage house

2008-01-04 00:00:00

FE ReportIslami Bank Bangladesh Limited (IBBL) has started its brokerage house as a member of the Dhaka Stock Exchange after getting permission from the Securities and Exchange Commission and Dhaka Stock Exchange Limited. The brokerage house has been inaugurated at...

Apollo Hospitals declares new year of customer service

2008-01-04 00:00:00

FE ReportApollo Hospitals Dhaka celebrated the beginning of the New Year 2008 in a festive mood with new commitments to achieve its new goals. The celebration event was inaugurated by Chief Executive Officer Ed L Hansen and he declared New...

Pitha Mela begins at Agora outlets

2008-01-04 00:00:00

FE ReportA fortnightly cake fair, namely 'Pousher Pitha Mela' began at Agora, the country's largest chain superstore Tuesday with different varieties of traditional cakes on offer.Nusran Zahan Khan and Afifa Hossain Ratna, proprietors of KNT Garden and Gharkanya, two "pitha"...

National Housing holds workshop on anti-money laundering

2008-01-04 00:00:00

FE Report National Housing Finance And Investments Limited organised a workshop on "Anti-money laundering and combating the financing of terrorism" for its officials in the city Wednesday.Managing Director of the company Md Abdur Rab presided over the workshop, said a...

Most Asian markets fall

2008-01-04 00:00:00

BANGKOK, Jan 3 (AP): Most Asian markets fell Thursday after gloomy economic data pushed down shares in the US and as US$100 a barrel oil raised concerns of a crimp in global growth.Hong Kong shares were also led lower by...

European stock markets end lower

2008-01-04 00:00:00

European equity markets moved lower in early trade Thursday as investors remained cautious in the face of record oil prices and slowing economic growth, according to Internet. The FTSE Eurofirst 300 was down 0.50 per cent to 1,4879.53, Frankfurt's Xetra...

corporatewatch

2008-01-04 00:00:00

BSC recommends 10pc cash dividend The board of directors of Bangladesh Shipping Corporation (BSC) has recommended 10 per cent cash dividend for the year 2006-2007. The annual general meeting (AGM) of the company will be held at its head office,...

Opposition urges Musharraf to step down

2008-01-04 00:00:00

ISLAMABAD, Jan 3 (Agencies): Pakistan's US-allied president must resign before next month's elections or the country could risk slipping into civil war, opposition leaders and a leading independent research institute said Thursday. The calls came after the government pushed back...

Sri Lanka war seen escalating

2008-01-04 00:00:00

COLOMBO, Jan 3 (Reuters): Sri Lanka's 25-year civil war with Tamil Tiger rebels will likely escalate into the bloodiest period of fighting the island has seen after the government scrapped a tattered truce, experts saidSri Lanka plunged back into war...

Riot police beat back Kenya protesters

2008-01-04 00:00:00

NAIROBI, Jan 3 (Agencies): Riot police fired tear gas and water cannons Thursday to beat back crowds of protesters heeding an opposition call for a "million-man" rally that many fear could worsen the violence that already has killed 300 people...