FE Today Logo

Search results for:


China ratifies protocol amending WTO's TRIPS agreement

2007-11-30 00:00:00

GENEVA, Nov 29 (Xinhua): China notified the World Trade Organisation (WTO) yesterday that it had ratified the Protocol Amending the Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS). Chinese Ambassador Sun Zhenyu sent a notification letter to WTO Director-General...

Lack of scholars limits UK Islamic finance

2007-11-30 00:00:00

MANAMA, Nov 29 (Reuters): A lack of Islamic scholars and global standards for Islamic finance could hamper British efforts to become a hub for the booming industry, Britain's top financial watchdog said yesterday. The global Islamic finance industry could be...

WB focusing on easing economic damage inflicted by disease in Africa

2007-11-30 00:00:00

WASHINGTON, Nov 29 (Reuters): Overtaken as the largest funder of global HIV/AIDS programmes, the World Bank is now focusing on easing the economic damage inflicted by the disease in Africa and finding ways of controlling its spread through better prevention,...

Oil jumps more than $1 on US pipeline fire

2007-11-30 00:00:00

SINGAPORE, Nov 29 (Reuters): Oil prices rebounded by over $1 a barrel today, after an explosion and fire at an oil terminal in Minnesota shut down most of the main pipeline that delivers Canadian crude to US Midwest refineries. US...

BGFCL earns Tk 1.7b profit, approves 14.23pc dividend

2007-11-30 00:00:00

FE ReportBangladesh Gas Fields Company Limited (BGFCL), a company of Petrobangla, has earned profit of over Tk 1.7 billion before tax, which is Tk 8.2 million more than that of the previous year.The company also approved 14.23 per cent dividend...

TAP gas pipeline project in jeopardy

2007-11-30 00:00:00

ISLAMABAD, Nov 29 (PTI): The USD 4 billion Turkmenistan- Afghanistan-Pakistan (TAP) gas pipeline project, which India has been invited to join, may be shelved due to a fresh pact between Russian gas giant Gazprom and Ashgabat for increased Europe-bound gas...

Teletalk distributes SIM cards to NU affiliates

2007-11-30 00:00:00

FE ReportTeletalk Bangladesh took an initiative to distribute free corporate SIM cards to the affiliated educational institutions under the National University (NU).National University Vice Chancellor (VC) Wakil Ahmed and Teletalk Bangladesh Managing Director Aminul Hasan were present at a programme...

China forex reserves 1.455 trillion dollars

2007-11-30 00:00:00

BEIJING, Nov 29 (AFP): China's foreign exchange reserves, already the world's largest, reached 1.455 trillion dollars at the end of October, a senior official said today. The figure was given by Zhang Xiaoqiang, vice-director of the National Development and Reform...

Dollar rises in Asia as subprime worries recede

2007-11-30 00:00:00

TOKYO, Nov 29 (AFP): The dollar edged higher in Asian trade today as worries over the US mortgage crisis abated after Wall Street rallied for a second straight day, dealers said. The euro eased to 1.4825 dollars in Tokyo afternoon...

Mould-making plant goes into commercial production soon

2007-11-30 00:00:00

Jasim Uddin Haroon A mould-making plant, set up in Gazipur, will start commercial production shortly.The plant will produce moulds for the plastic and metal industries and is the first of its kind in the country.The import substitute unit will be...

Potato farmers facing acute fertiliser crisis in Rajshahi

2007-11-30 00:00:00

Our CorrespondentRAJSHAHI, Nov 29: Potato farmers of the district are facing a big setback this year in potato cultivation due to non-availability of adequate fertilisers and their soaring prices, sources said.The cultivation of potato has begun in the areas in...

Pubali Bank extends term loan to Oman Bangladesh Leasing

2007-11-30 00:00:00

FE ReportPubali Bank Limited has extended term loan to Oman Bangladesh Leasing and Finance Limited to be repaid in five years. An agreement was signed between the organisations in this connection at Pubali Bank head office in the city recently....

ACI launches project to help SIDR victims

2007-11-30 00:00:00

FE ReportACI Limited, one of the leading conglomerates in the country, undertook vigorous activities under a project 'Ghure Darai' for the SIDR-hit people to address the trail of devastation wrought by the cyclone in the southern part of the country.The...

Citi to sell stake to Abu Dhabi group

2007-11-30 00:00:00

NEW YORK, Nov 29 (Reuters): Citigroup is selling up to 4.9 per cent of itself for $7.5 billion to the investment arm of the Abu Dhabi government, giving the largest US bank fresh capital as it wrestles with the subprime...

ADB, Citigroup talk growth of capital market

2007-11-30 00:00:00

The top official of Asian Development Bank (ADB) in Bangladesh said the poor IT infrastructure stymied the growth of Bangladesh's capital market, reports bdnews24.com.ADB Country Director in Bangladesh Hua Du said a lack of access to trading information was a...

Money market dealers elect executive body

2007-11-30 00:00:00

FE Report Md. Zahirul Haque Munshi, deputy general manager (DGM) of Sonali Bank, and Mirza Elias Uddin Ahmed, senior vice president (SVP) of Jamuna Bank Limited, have been reelected President and General Secretary of the Bangladesh Money Market Dealers Association...

DBBL opens ATM booth on Dhaka Club premises

2007-11-30 00:00:00

FE ReportDutch-Bangla Bank Limited (DBBL) opened an ATM booth on the Dhaka Club premises in the city Wednesday. President of Dhaka Club Limited Salim Bhuiyan inaugurated the booth by drawing money using DBBL Nexus Card. Managing Director of the bank...

EBL, Apollo Hospitals sign corporate deal

2007-11-30 00:00:00

FE ReportEastern Bank Limited (EBL) and Apollo Hospitals Dhaka have signed a corporate agreement in the city recently.Under the agreement Apollo Hospitals will provide medical services to the EBL employees.Managing Director and CEO of EBL Ali Reza Iftekahar and CEO...

CityCell introduces new corporate identity with refreshed logo

2007-11-30 00:00:00

FE ReportCityCell has introduced a new corporate identity with a refreshed logo Thursday. This new identity depicts the more dynamic, vibrant and modern CityCell that will be manifested to customers and stakeholders.CityCell Vice Chairman Asghar Karim and CEO Michael Seymour...

Asian stocks rise on US rate cut speculation

2007-11-30 00:00:00

SINGAPORE, Nov 29 (Bloomberg): Asian stocks rose, led by Toyota Motor Co. and Samsung Electronics Co., on expectations the Federal Reserve will cut US interest rates to support growth in the region's largest export market. Toyota and Samsung climbed to...

corporate watch

2007-11-30 00:00:00

Purchase/ sale of director's sharesSocial Investment Bank: Hamdard Laboratories (Waqf) Bangladesh, one of the corporate directors of Social Investment Bank Limited (SIBL), has stated that it has completed its sale of 39,600 shares of the bank at current market price...

More donations to CA's Relief Fund

2007-11-30 00:00:00

More national and international organisations, business houses and individuals Thursday donated a total of Tk 7.90 million and 5,000 shirts to Chief Adviser's Relief and Welfare Fund in aid of the cyclone victims, report agencies.The donor organisations and individuals include...

73 get Australian scholarships

2007-11-30 00:00:00

FE Report"Australia is very pleased to be assisting Bangladesh develop its human capital, by offering 73 talented men and women scholarships to Australia's world-class universities", Australian High Commissioner Douglas Foskett said at a pre-departure ceremony held recently in the city...

Demra Madrasah badly damaged in wake of Sidr

2007-11-30 00:00:00

FE ReportJamiat’u Ibrahim Madrasah at Dogair under Demra police station in the city was heavily damaged in the wake of cyclone Sidr that had wreaked havoc on the southern part of the country a fortnight ago. The madrasah dormitory including...

Need to improve quality of products emphasised

2007-11-30 00:00:00

Finance Adviser Mirza Azizul Islam Thursday stressed the need for improvement of quality of products, as domestic products cannot be protected for long through trade barriers, reports UNB."We've to improve our efficiency to compete in the world market."Mirza Azizul Islam...

Defiant Musharraf starts new term as civilian leader

2007-11-30 00:00:00

ISLAMABAD, Nov 29 (AFP): Pervez Musharraf was sworn in as president of Pakistan for a second term Thursday, this time as a civilian, and defiantly rejected massive international pressure to lift his state of emergency. A day after stepping down...

Bush vows active role in Mideast peace

2007-11-30 00:00:00

WASHINGTON, Nov 25 (AFP): US President George W. Bush on Wednesday promised Israeli and Palestinian leaders his full support seeking to overcome deep doubts on whether new peace talks can yield a hoped-for accord next year. "I wouldn't be standing...

Philippine rebels announce surrender after army raid

2007-11-30 00:00:00

MANILA, Nov 25 (AFP): Philippine troops stormed a Manila hotel in a flurry of tear gas Thursday, moving to force out a small band of renegade soldiers inside who were demanding that President Gloria Arroyo step down. The rebels, speaking...

6,000 Sunnis join pact with US in Iraq

2007-11-30 00:00:00

HAWIJA, Iraq, Nov 25 (AP): Nearly 6,000 Sunni Arab residents joined a security pact with American forces Wednesday in what U.S. officers described as a critical step in plugging the remaining escape routes for extremists flushed from former strongholds. The...

Security clampdown in Lanka capital after deadly blasts

2007-11-30 00:00:00

COLOMBO, Nov 25 (AFP): Sri Lankan forces threw a security blanket over the capital Colombo Thursday and appealed for extra public vigilance a day after twin bomb attacks left 19 people dead and 45 injured, police said."There is a general...