AS the winter is here, life in the city has become further miserable because of mosquito menace. For a long time the mosquitoes have remained as a problem in the city. But there is no sign of any mitigation from...
Stanley White and Ron HaruiTHE dollar is poised to end a two- year slide against the euro in 2008 as government-backed funds in Asia and the Middle East purchase U.S. assets, currency strategists say. The currency will gain 4.4 percent...
Marwaan Macan-MarkarThailand's transition from military rule to a democratically elected administration appears far from smooth. The results of the first general election since the September 2006 coup d'etat point to a nation heading into a political storm in the New...
Baradan KuppusamyAs the year draws to a close no solution is visible for Malaysia's worsening ethnic and religious divide, either from the political establishment led by an indecisive Prime Minister Abdullah Badawi nor a judiciary tainted by charges corruptions."People are...
Keith BradsherChina's currency rose steeply against the dollar this week, feeding speculation that Chinese authorities, yielding to international pressure and economic realities at home, were allowing their currency to appreciate more rapidly.The currency, known as the yuan or renminbi, rose...
TOKYO, Jan 1 (AFP): Japan took over the presidency of the Group of Eight (G8) club of the world's leading economies today, with Prime Minister Yasuo Fukuda vowing to put a focus on climate change and environmental issues. The world's...
RIYADH, Jan 1 (AFP): Nearly three decades after the idea was first mooted, the six oil-rich Gulf monarchies enter the new year after finally establishing a common market with a combined economy of 715 billion dollars. The new regional economic...
NEW YORK, Jan 1 (Reuters): Defaults on privately insured mortgages rose 34.7 per cent in November to the highest level on record, reflecting the inability of a growing number of homeowners to keep current on their loan payments.Data released Monday...
BEIJING, Jan 1 (AFP): Chinese President Hu Jintao has vowed "forceful measures" to curb rising food prices and address a booming real estate market that has seen property prices sky-rocket, state press said today. "The central government attaches great importance...
BRASILIA, Jan 1 (Reuters): Brazil will invest heavily in infrastructure next year, helping the economy to grow faster and create jobs, President Luiz Inacio Lula da Silva said yesterday. Analysts said the government would have to cut its investments by...
OTTAWA, Jan 1 (AFP): Canadian Prime Minister Stephen Harper yesterday announced a cut in the country's goods and services tax (GST) to come into effect from midnight, fulfilling his election pledge to slash taxes. "Reducing the GST is part of...
SINGAPORE, Jan 1 (AFP): Singapore's economy grew 7.5 per cent in 2007, marking the fourth straight year of strong growth, Prime Minister Lee Hsien Loong said yesterday in his New Year message. But Lee, forecasting slower growth in 2008, said...
NEW YORK, Jan 1 (globeandmail): After years of surging prices in the global commodity markets, 2008 might prove a more difficult year, as a slowing global economy should take the wind out of the sails of much of the market,...
WASHINGTON, Jan 1 (Reuters): The pace of existing US home sales edged up in November from a record low, according to a report yesterday that offered some tentative signs of stabilisation in the still- ailing housing market. Sales of previously...
NEW DELHI, Jan 1 (PTI): Indonesia's anti-dumping authority has recommended imposition of dumping duties against five countries, including India, for shipping hot rolled coils to that country after complaints by local steel makers. "Indonesia's Anti Dumping Committee (KADI), in its...
FE ReportMA Salam has recently been promoted to the post of additional managing director of the Provati Insurance Company Limited. He was, prior to this promotion, the deputy managing director of the company. Salam obtained his master's degree with honours...
Our CorrespondentCHITTAGONG Jan 01: With a view to bringing dynamism in the revenue earnings of the National Board of Revenue (NBR) and other related organisations, citizen charters would be published soon. Besides, a book with details of the rules and...
FE ReportSenator of Michigan State, the USA Hansen Hashim Clarke is keen to strengthen bilateral trade ties between Bangladesh and his country.This was disclosed while the Dhaka Chamber of Commerce and Industry (DCCI) held a meeting with the US senator...
FE Report Islami Bank Bangladesh Ltd (IBBL) has held one of the leading positions in deposit, investment and handling of foreign exchange business in the country's private banking sector. The bank's total deposit stood at Tk 166.63 billion (Tk 16,663...
FE Report Indenting agents of the country emphasised simplification of the regulatory and controlling practices that creating adverse effects in indenting business, import of goods and commodities. The representatives of the member-firms of the Bangladesh Indenting Agents' Association (BIAA) expressed...
FE Report Global Markets of HSBC Bangladesh recently organised a three-day workshop on 'BASEL-II and its impact on Treasury Management' at Srimongol in Sylhet recently. Dealers from fifteen local private banks, three nationalised banks and central bank personnel took part...
FE ReportMutual Trust Bank Ltd (MTBL) inaugurated its 30th branch at Joypurhat recently.Chairman of MTBL Samson H Chowdhury formally inaugurated the branch.Chowdhury said the bank has a contribution to the agricultural sector for promoting agro-based industry in this region. He...
FE ReportAnnual sales and marketing conference of the Square Pharmaceuticals Ltd was held at Cox's Bazar recently.Director of the company KM Saiful Islam, Director (Marketing) Muhammadul Haque, Deputy General Manager (Marketing) Md Mizanur Rahman, Assistant General Manager (Sales) Aminul Hoque...
FE Report Rupantarita Prakritik Gas Company Limited (RPGCL) earned over Tk 917 million (9171.81 lakh) revenue during the fiscal 2006-2007, which was 49.07 per cent higher than that of the previous year. This was disclosed at the 20th annual general...
FE ReportSoutheast Bank Ltd has opened its 38th branch at Bashurhat in Noakhali district recently.Managing Director (MD) of the bank Neaz Ahmed inaugurated the new branch as the chief guest, said a press release. Company Secretary of the bank Muhammad...
BANGKOK, Jan 1 (AP): Asian stock markets had a strong, if volatile, year with China leading the pack as investors bet on the region's continued growth prospects. Several exchanges notched gains of more than 20 per cent and among Asia's...
FE ReportThe 36th annual general meeting (AGM) of Institute of Cost and Management Accountants of Bangladesh (ICMAB) was held in the city recently.President of the Institute Mamtaz Uddin Ahmed presided over the meeting, said a press release.Secretary of the Institute...
NEW YORK, Jan 1 (Reuters): Home builders and financial issues, the biggest casualties of the subprime lending meltdown, were hit again by tax-motivated selling in recent weeks but could rebound a bit early in the new year, money managers said...
FE ReportFair and Lovely and Lifebuoy of Unilever Bangladesh Limited have been endorsed by the Bangladesh Dermatological Society (BDS). The endorsement ceremony was held in the city recently, said a press release.Finance Director of Unilever Bangladesh Mahtabuddin Ahmed and President...
NEW YORK, Jan 1 (AFP): US stocks ended a tumultuous 2007 with a whimper Monday, retreating in the face of a new year fraught with worries about economic growth, a housing meltdown and tight credit. The Dow Jones Industrial Average...
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