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Spain's real estate sector suffered a hard landing in 2007

2007-12-31 00:00:00

MADRID, Dec 30 (AFP): With sales slumping, prices faltering and property developers despondent, Spain's housing market evidently failed to get the soft landing in 2007 that the government and experts had predicted at the start of year. Some experts are...

State-owned sugar mills to surpass output target

2007-12-31 00:00:00

The state-owned sugar mills are likely to surpass the target of sugar production during the current sugarcane-crushing season (2007-08), reports UNB.The mills under Bangladesh Sugar and Food Industries Corporation (BSFIC) produced 49,231 tonnes of sugar till December 29, 2007 against...

Assoc of bankers accords reception to manpower minister of Oman

2007-12-31 00:00:00

FE ReportThe Association of Bankers Bangladesh Limited arranged a reception in honour of the Minister of Manpower of Oman, Juma Bin Ali Bin Juma, at a city hotel recently. It was presided over by Chairman of the association K Mahmood...

HSBC launches new account with attractive features

2007-12-31 00:00:00

FE Report Hongkong and Shanghai Banking Corporation (HSBC) Limited in Bangladesh has recently launched its PowerVantage proposition offering attractive features to suit the needs of professionals, businessmen and service holders.The PowerVantage account, which is designed to ensure greater convenience, provides...

Bangladesh trade fair in Riyadh from Mar 12

2007-12-31 00:00:00

FE Report A five-day single-country Bangladesh trade fair will start March 12 next in Riyadh for promotion of local export products to the Kingdom of Saudi Arabia (KSA). Saudi deputy commerce and industry minister is likely to inaugurate the fair....

Need for development of skills, expertise of trainers stressed

2007-12-31 00:00:00

FE Report Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) Administrator Syed Manzur Elahi stressed the need for development of skills and expertise of the trainers for the benefit of the country. The FBCCI administrator made the observation while...

NCCBL opens branch at Savar

2007-12-31 00:00:00

FE ReportNational Credit and Commerce Bank Limited (NCCBL) inaugurated its 53rd branch at Savar Sunday. Chairman of the bank Tofazzal Hossain formally inaugurated the branch as the chief guest.Managing Director of the bank Md Nurul Amin presided over the function....

Kohinoor Chemical approves 18pc dividend

2007-12-31 00:00:00

FE ReportThe 20th annual general meeting (AGM) of Kohinoor Chemical Company (BD) Ltd was held at Bangladesh China Friendship Conference Centre in the city Friday. Director of the company Md Ebadul Karim presided over the meeting.The audited accounts of 2006-2007...

BAFEDA happy with overall forex market situation

2007-12-31 00:00:00

FE ReportThe 12th monthly meeting of the executive committee of the Bangladesh Foreign Exchange Dealers' Association (BAFEDA) was held at the conference room of the association recently, sad a press release. BAFEDA Vice-Chairman and Sonali Bank Limited Managing Director S...

KfW grant for IDCOL to set up domestic biogas plants

2007-12-31 00:00:00

FE ReportA financing and programme agreement has been signed among the Economic Relations Division (ERD), IDCOL and KfW of Germany for implementation of the National Domestic Biogas and Manure Programme. Under this agreement, KfW will provide EUR 8.6 million to...

Govt borrows Tk 8.0b thru' treasury bills

2007-12-31 00:00:00

FE ReportThe government borrowed Tk 8.00 billion (800 crore) Sunday through auctions of treasury bills. It will result in withdrawal of Tk 8.00 billion from the market in the week.The central bank conducted auctions of 28-day, 91-day and 364-day bills...

City Bank donates for Sidr victims

2007-12-31 00:00:00

FE ReportThe City Bank Limited conducted a relief programme for SIDR victims at Telikhali Union and Tushkhali Union under Barisal Division recently. The employees of the bank donated their one day's salary amounting to Tk 10,00,000 and an equal amount...

ICAB elects new executives

2007-12-31 00:00:00

FE ReportMember of the council of the Institute of Chartered Accountants of Bangladesh (ICAB) Md Humayun Kabir has been elected president of the organisation for the year 2008.He was elected at a meeting of the Council of ICAB in the...

Indian stocks to edge up

2007-12-31 00:00:00

MUMBAI, Dec 30 (AFP): Indian share prices may edge up this week but gains could be capped by geopolitical tension after the assassination of Pakistan's former premier Benazir Bhutto, dealers said. They said fresh buying could emerge at lower levels...

Transcom Electronics to sell Rahimafrooz IPS, UPS

2007-12-31 00:00:00

FE ReportFrom now on Rahimafrooz instant power supply (IPS) and uninterrupted power supply (UPS) will be available at all Transcom outlets.In this connection, a Memorandum of Understanding (MoU) for channel partnerships' to market Rahimafrooz IPS, UPS through Transcom outlets was...

US stocks see red flags heading into new year

2007-12-31 00:00:00

NEW YORK, Dec 30 (AFP): US stocks enter a new year this week on a cautious note, as investors face rising concerns about the economy and a raft of economic data, including the important monthly employment report. Wall Street rapidly...

BJMA gets new office-bearers

2007-12-31 00:00:00

FE ReportNajmul Huq and KR Hasan have been elected chairman and vice chairman respectively of the Bangladesh Jute Mills Association (BJMA) for the year 2008-2009.Najmul Huq is the managing director of Janata Jute Mills Limited, while KR Hasan is the...

corporatewatch

2007-12-31 00:00:00

DSE holiday todayThe trading of DSE will remain closed today (Monday) due to bank closing day. Islami Bank gets DSE registrationIslami Bank Bangladesh Limited (DSE Member No-107) has got new broker registration certificate No. Reg-3.1/DSE-107/2007/145 dated May 23, 2007 vide...

Pakistani TV shows pictures of Bhutto 'attackers'

2007-12-31 00:00:00

ISLAMABAD, Dec 30 (Reuters): A Pakistani television channel broadcast Sunday grainy still pictures of what it said appeared to be two men who attacked and killed opposition leader Benazir BhuttoFormer prime minister Bhutto was killed in a gun and bomb...

Kenya's opposition candidate calls on President Mwai Kibaki to concede defeat

2007-12-31 00:00:00

NAIROBI, (Kenya), Dec 30 (Agencies): Kenya's opposition candidate called on President Mwai Kibaki to concede defeat Sunday in the closest presidential race in the country's history, accusing him of fraud after a chaotic vote count sparked widespread violence and fears...

Bin Laden threatens ‘blood for blood, destruction for destruction’

2007-12-31 00:00:00

CAIRO, Dec 30 (Agencies): Osama bin Laden warned Iraq's Sunni Arabs against fighting al-Qaida and vowed to expand the terror group's holy war to Israel in a new audiotape Saturday, threatening "blood for blood, destruction for destruction." Most of the...

Bhutto sacrifices life for country, democracy: Zardari

2007-12-31 00:00:00

NAUDERO, (Pakistan), Dec 30 (Agencies): Thousands of mourners converged Sunday on the ancestral home of slain opposition leader Benazir Bhutto, shouting anti-government slogans ahead of a meeting to decide who should succeed her as party head and whether to boycott...

Saddam supporters to mark anniversary of execution

2007-12-31 00:00:00

AWJA, (Iraq), Dec 30 (AFP): Loyalists of Saddam Hussein were to mark on Sunday the anniversary of the ousted Iraqi president execution, with crowds expected to gather at his grave in the small village where he was born. Iraqi security...

digest

2007-12-31 00:00:00

Colombian ammunition depot explodes, two deadBOGOTA, Dec 30: At least two people were killed and seven were injured Saturday when an ammunition depot blew up at a military garrison in Colombia, the local civil defense agency said. The casualty toll,...

Kiwis determined to make clean sweep

2007-12-31 00:00:00

QUEENSTOWN, Dec 30 (Cricinfo): New Zealand are determined to make a clean sweep of Bangladesh when the two sides meet for the third and final one-day international at the Queenstown Events Centre. Inclement summer weather disrupted practice on the eve...

Rajshahi emerge as title contender beating Khulna Division

2007-12-31 00:00:00

One-day champions Rajshahi Division also emerged as strong title contender in the four-day Ispahani Mirzapore Tea 9th National Cricket League beating league leaders Khulna Division by 29 runs in a 9th round match at Rajshahi Divisional Stadium Sunday, reports UNB.In...

West Indies in historic Test win

2007-12-31 00:00:00

PORT ELIZABETH, Dec 30 (BBC): West Indies won their first Test since May 2005 and their first ever in South Africa with a landmark 128-run victory in Port Elizabeth Sunday. The Proteas dismissed the tourists for 175 early on day...

England cricketer Pietersen weds pop star bride

2007-12-31 00:00:00

LONDON, Dec 30 (AFP): England cricket star Kevin Pietersen married pop singer Jessica Taylor in a private ceremony Saturday, a spokesman said. Hampshire batsman Pietersen and Taylor, who topped the British singles charts with her former band Liberty X, married...

Hammers stun United in title twist

2007-12-31 00:00:00

LONDON, Dec 30(AFP): West Ham threw the Premier League title race wide open Saturday by coming from behind to beat Manchester United 2-1 as the leaders lost for only the third time in the league this season. Defeat at Upton...

Symonds fear over Pakistan tour

2007-12-31 00:00:00

Australia's Andrew Symonds has voiced his concerns over the March 2008 tour of Pakistan following the assassination of Benazir Bhutto last Thursday, reports BBC. Cricket Australia has confirmed its commitment to the tour. But 32-year-old all-rounder Symonds said he was...