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Govt loses billions as BTTB shows apathy to interconnectivity

2008-01-03 00:00:00

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...

Shortage of Rly wagon leads to container stockpiling at CP

2008-01-03 00:00:00

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...

BRAC Bank launches banking service for NRBs

2008-01-03 00:00:00

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...

LankaBangla signs corporate deal with Screen Line

2008-01-03 00:00:00

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...

US-Canada garment co to invest $5.2m in Adamjee EPZ

2008-01-03 00:00:00

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...

Emirates offers new amenity kits to its passengers

2008-01-03 00:00:00

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...

Mainuddin made AB Bank DMD

2008-01-03 00:00:00

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...

Premier Bank celebrates new year

2008-01-03 00:00:00

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...

Super Value Week begins at Agora

2008-01-03 00:00:00

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...

DBBL opens branch at Manikganj

2008-01-03 00:00:00

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...

CBCL takes part in NRB fair

2008-01-03 00:00:00

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...

BMCCI elects office-bearers

2008-01-03 00:00:00

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...

PGCL earns Tk 1.44b revenue in last FY

2008-01-03 00:00:00

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...

CBCL takes part in NRB fair

2008-01-03 00:00:00

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...

CBCL takes part in NRB fair

2008-01-03 00:00:00

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...

AT&T eyes stake in Malaysia's TM Intl

2008-01-03 00:00:00

KUALA LUMPUR, Jan 2 (Reuters): AT&T Inc, the biggest US phone company, wants to buy an unspecified stake in the mobile arm of state-controlled phone firm Telekom Malaysia, a Malaysian newspaper reported Wednesday. Telekom Malaysia is spinning off its mobile...

European stocks flat

2008-01-03 00:00:00

PARIS, Jan 2 (Reuters): European shares were flat in early trade Wednesday, having opened in the red, but investors remained cautious ahead of Friday's US monthly jobs data, which will shed light on the health of the world's biggest economy.Among...

corporatewatch

2008-01-03 00:00:00

Summit Power's rights offer denied The Securities and Exchange Commission (SEC) has regretted its inability to approve the rights offer of Summit Power Limited as one of the directors of the company is a loan defaulter. SEC permits govt to...

MoF suggests housing loan hike for public servants

2008-01-02 00:00:00

FE Report The Ministry of Finance (MoF) said Monday it will pursue the higher policy makers of the government to get approval of a new guideline that has suggested a hike of housing loan for public servants, sources said.This was...

State of emergency barrier to holding polls: Sohul

2008-01-02 00:00:00

The Election Commission (EC) sees state of emergency as a "barrier" to holding election, as EC Commissioner Sohul Hussain Tuesday said, it is not possible to hold the polls keeping the emergency in force, reports UNB.He said, the EC would...

Govt unsure about reported KL ban on Bangladeshi labour

2008-01-02 00:00:00

The government could not confirm Tuesday if Malaysia has imposed a permanent embargo on import of manpower from Bangladesh as media reports suggest. "I have not received any official letter," foreign affairs adviser Iftekhar Ahmed Chowdhury told bdnews24.com in his...

Call rate, dollar back to old track

2008-01-02 00:00:00

FE ReportThe inter-bank call money rate mostly returned to old track, while the US dollar retained its strength, both maintaining slight upward bias in new year's maiden trading Tuesday, fund managers said.The cash flow was sufficient to meet the steady...

Temporary changes in society may cause problem for some vested quarters, says Mainul

2008-01-02 00:00:00

Information and Law Adviser Barrister Mainul Hosein said Tuesday the present caretaker government is working to truly establish a people's government through holding a free, fair and acceptable election after accomplishing various institutional reforms in the country, reports UNB.He likened...

Demand for appointments of HC judges from Judicial Service protested

2008-01-02 00:00:00

Incumbent and former leaders of the Supreme Court Bar Association (SCBA) strongly protested Tuesday the demand for 50 per cent appointments of High Court judges from among the members of Bangladesh Judicial Service Association (BJSA), reports UNB.On Saturday, the BJSA...

Govt working on release of DU teachers, says VC

2008-01-02 00:00:00

DU Correspondent The government is working very sincerely on release of the detained teachers and students of Dhaka University as fast as possible through a legal process."We have got assurance from the government that the jailed teachers and students of...

Senator Hansen urged to play role for passage of trade bill in US parliament

2008-01-02 00:00:00

Chief Adviser Dr Fakhruddin Ahmed Tuesday requested Bangladeshi-origin US Senator Hansen Clarke to play a role for passage of a bill placed in the US parliament regarding duty-free access of Bangladeshi goods to the US market, which would benefit the...

Gap between calorie intake, requirements is wide

2008-01-02 00:00:00

FE ReportAround 68 per cent of the population live an inactive life who are consuming more calories than they actually need or are in fact, in calorie surplus. On the other hand an alarming situation has been identified for children...

Declaring Jan 1 as 'Character Building Movement Day' stressed

2008-01-02 00:00:00

As society is plagued with a moral rot, speakers at a function Tuesday stressed the need for declaring January 1 as a 'Character Building Movement Day' for awakening people to values of life, reports UNB.Speaking as chief guest at the...

2 killed, 20 injured in mayhem in Sirajganj, Noakhali

2008-01-02 00:00:00

SIRAJGANJ, Jan 1 (UNB): A man was killed and 15 people were injured when a bus crashed into a pickup van at Konabari on Jamuna Bridge connecting road Tuesday afternoon.Police said the Bogra-bound bus rammed into the pickup van coming...

Reunion of Philosophy Deptt alumni assoc January 4

2008-01-02 00:00:00

DU CorrespondentThe first reunion of Dhaka University (DU) Philosophy Department Alumni Association (PDAA) will be held at TSC auditorium on January 4 (Friday).Dhaka University Vice Chancellor SMA Faiz will inaugurate the function at 9:30 am Friday, while former chief adviser...