JAKARTA, Nov 17 (Xinhua): The Indonesian economy increased more rapidly than expected in the third quarter by 6.5 per cent over the same period of last year on continued strong exports and consumer spending, the Central Statistics Agency (BPS) reported...
HANOI, Nov 17 (Xinhua): Over 300 well-known companies from 20 countries and regions have already registered to showcase their best products and services at the Vietnam-WTO Trade Fair 2008 on the occasion of Vietnam's one-year WTO membership, organisers said today....
BEIJING, Nov 17 (Xinhua): Chinese government will gradually scrap restrictions on the destination, stock ownership and business scope of foreign investment in the service sector, an senior economic planner said here today. "China will stick to the open-up policy and...
LONDON, Nov 17 (AFP): World oil prices slid from historic heights close to 100 dollars a barrel this week on easing supply concerns. Most metals futures also fell as the dollar stabilised against the euro.OIL: Crude futures slumped further from...
NEW YORK, Nov 17 (AFP): The dollar weakened against the euro and the British pound yesterday in the wake of fresh economic news including a report that showed a surprise drop in US industrial production last month. US industrial output...
RIYADH, Nov 17 (Xinhua): The Organisation of Petroleum Exporting Countries (OPEC) ended a two-day ministerial symposium here yesterday, highlighting the importance of development instead of immediate output adjustment. In the two-day symposium which opened Thursday to prepare for the oil...
NEW DELHI, Nov 17 (PTI): Country's gems and jewellery exports have risen 21.5 per cent to 9.38 billion dollars in the first six months of the current fiscal as against 8.01 billion dollars in the corresponding period last year. At...
KATHMANDU, Nov 17 (Xinhua): Export of Nepali hand- knotted woolen carpets went up 14 per cent in value in the first quarter of the current fiscal year started in mid-July from the same period of last fiscal, with total exports...
KUALA LUMPUR, Nov 17 (AFP): The Malaysian government has allowed plantations-to-power group Synergy Drive to acquire 60 per cent of the operator of the controversial Bakun hydro- electric dam, conglomerate Sime Darby said. Synergy Drive is the vehicle merging state-linked...
MUMBAI, Nov 17 (PTI): The rupee yesterday ended marginally lower at 39.32/33 against the US currency after touching a low of 39.40 during early trade due to weakness in global equity markets on fears of more financial and economic uncertainty....
NEW YORK, Nov 17 (AFP): Oil prices rose back above 95 dollars yesterday amid predictions that OPEC will not discuss raising output at its weekend summit and fresh tensions over Iran. New York's main contract, light sweet crude for December...
The coal policy, after a review, provisionally prescribes government investment in the sector as it states that private local or foreign firms engaged in mining have to go for partnership with the government agency.The coal policy review committee Saturday adopted...
FE ReportIslami Bank Bangladesh Limited (IBBL) held a coordination meeting of different wings of the bank in the city recently.IBBL Executive President M Fariduddin Ahmad presided over the meeting.The executive president of IBBL, in his speech, stressed coordination and cooperation...
FE ReportThe Asset Management Company Limited (AMCL), a subsidiary of Investment Corporation of Bangladesh (ICB), has declared the net asset values (NAV) of its two unit funds. The total NAV of ICB AMCL Unit Fund stood at Tk 439,719,675.86 on...
Our CorrespondentCHITTAGONG, Nov 17: In view of price hike of raw materials such as flour and ata, most of the bakeries and confectionaries in different parts of the port city are facing closure, sources said.Meanwhile, manufacturing of food items in...
FE ReportThe managers' conference-2007 of Southeast Bank Limited (SEBL) was held at Bangladesh-China Friendship Conference Centre in the city recently.SEBL Managing Director Neaz Ahmed presided over the function while SEBL deputy-managing directors MA Muhith and Syed Imtiaz Hasib were present...
Bangladesh Rural Advancement Committee (BRAC), a non-government organisation (NGO) in the country, will provide Tk 70 million (Seven crore) for emergency relief operations in recent hurricane 'SIDR'-hit areas, reports UNB.BRAC will provide the money from its own fund and is...
FE ReportBank Asia Limited organised a workshop on "Basel-11" at its corporate office in the city recently.Bank Asia President and Managing Director Syed Anisul Huq inaugurated the workshop as the chief guest.Bank Asia deputy managing directors Erfanuddin Ahmed and Aminul...
FE ReportBangladesh Shilpa Rin Sangstha (BSRS) earned a pre-tax profit of Tk 166 million (16.58 crore) during the fiscal year 2006-2007.Out of the profit, Tk 10 million will be paid to the government as dividend. There is no shortfall in...
JHENAIDAH, Nov 17 (UNB): Mobarakganj Sugar Mills in the district started production Friday for the on-going crushing season 2007-08.Mill sources said the crushing programme began with a production target of 13,025 tonnes of sugar by crushing 180,000 tonnes of sugarcane....
Sarwar Zahan US dollar fell against Bangladesh taka (BDT) in the inter-bank foreign exchange market last week because of lower demand for the greenback and selling of the foreign currency to selected dealer banks by the central bank, fund managers...
Our CorrespondentCHITTAGONG, Nov 17: Chittagong City Corporation (CCC) and Chittagong Development Authority (CDA) are set to begin the excavation work of canals and reform of drains in the port city at a cost of around Tk 330 million (33 crore)...
FE ReportDutch-Bangla Bank Limited (DBBL) has decided to donate Tk 10 million (one crore) to the Chief Adviser's Relief and Rehabilitation Fund for cyclone-hit people.The decision came at an emergency meeting of the executive committee of the board of directors...
SINGAPORE, Nov 17 (Bloomberg): Asian stocks fell for a second week, led by BHP Billiton Ltd., the world's largest mining company, and Woodside Petroleum Ltd., after metals prices declined and crude oil retreated below $94 a barrel. "We have exited...
Our CorrespondentBOGRA, Nov 17: The Bangladesh Taka (BDT) appreciated marginally against the US dollar at Bogra Thursday. Following the Bangladesh Bank (BB) intervention in the inter-bank foreign exchange market by selling US dollar to commercial banks, the exchange rate of...
NEW YORK, Nov 17 (AP): E-Trade customers had some needless hand-wringing this past week, worrying about the brokerage's financial problems and whether they might jeopardise the safety of 3.7 million accounts.The New York-based online broker told account holders their money...
LONDON, Nov 17 (Bloomberg): European stocks slumped to their lowest in almost two months this week, paced by commodity producers as metal and oil prices fell. Boliden AB, Europe's third-biggest copper refiner, and Anglo American Plc, the world's second-largest mining...
ISLAMABAD, Nov 17 (AFP): A senior US diplomat was to give Pakistan President Pervez Musharraf a "very strong message" in blunt talks Saturday to end emergency rule and hold free elections, officials and diplomats said. John Negroponte, number two in...
WASHINGTON, Nov 17 (AFP): The US Senate unanimously adopted a resolution Friday urging an upcoming ASEAN summit to suspend military-ruled Myanmar from the grouping for its bloody crackdown on pro-democracy protests. The move came as President George W. Bush and...
WASHINGTON, Nov 17 (AFP): Japanese Prime Minister Yasuo Fukuda told US President George W. Bush here Friday that he would make his "utmost efforts" to restart a Japanese naval mission supporting US-led efforts in Afghanistan.After talks meant to defuse tensions...
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