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Military rulers rehabilitated war criminals, says Razzak

2007-12-15 00:00:00

Awami League presidium member Abdur Razzak Friday said governments run or backed by the military facilitated the rehabilitation of war criminals in Bangladesh, reports bdnews24.com."It's a sad reality that the Al Badr, Al Shams and their accomplices are doing politics...

Dhaka praises promptness of UN response

2007-12-15 00:00:00

Bangladesh has expressed its deep appreciation for the quick response of the United Nations in the aftermath of the cyclone Sidr that battered the country's coastal belt last month, reports BSS.At a meeting on the Central Emergency Response Fund (CERF)...

New Zealand undone by Ponting ton

2007-12-15 00:00:00

ADELAIDE, Dec 14 (BBC): Australia captain Ricky Ponting fired a brilliant unbeaten century to ease his side to a seven-wicket victory over New Zealand in the first ODI in Adelaide. Wicket-keeper Brendon McCullum turned on the style with the bat...

Sri Lanka U-19 beat Bangladesh U-19 by 14 runs

2007-12-15 00:00:00

Visiting Sri Lanka Under-19 team made a comeback in the five-match one-day series 1-1 against Bangladesh Under-19 team as they beat the hosts by 14 runs in the second match at the Shaheed Chandu Stadium (SCS) in Bogra Friday, reports...

US import penalties new problem for WTO pact

2007-12-14 00:00:00

GENEVA, Dec 13 (Reuters): The United States squared off against other World Trade Organisation (WTO) members yesterday over its use of import penalties, an issue diplomats see as the latest obstacle to a new global trade deal. WTO judges have...

WB to host Berlin fund-raiser for poorest countries

2007-12-14 00:00:00

WASHINGTON, Dec 13 (AFP): The World Bank body that aids the poorest countries is gathering donors in Berlin today, hoping to raise record funds as a result of a growing field of donors, possibly including China. The International Development Association...

US speaks 'forcefully' to China on reported film ban

2007-12-14 00:00:00

XIANGHE, China, Dec 13 (AFP): China's reported suspension of US movie imports is a serious issue Washington has raised "forcefully" with its Chinese hosts in trade talks near Beijing, a top US trade official said today. "We have spoken forcefully...

India logs surprise 11.8pc industrial growth

2007-12-14 00:00:00

NEW DELHI, Dec 13 (AFP): India's industrial output grew unexpectedly strongly in October as the festival season boosted consumer demand, data showed yesterday, but economists said the surge would be short-lived. Output by factories, power utilities and other sectors accelerated...

World oil prices fall in Asia after moves to ease tight credit

2007-12-14 00:00:00

SINGAPORE, Dec 13 (AFP): World oil prices fell in Asia today after earlier rocketing above 94 dollars as traders reacted to new measures that aimed to ease tight credit conditions, dealers said. In late morning trade, New York's main contract,...

Dollar weaker in Asia despite central bank credit plan

2007-12-14 00:00:00

TOKYO, Dec 13 (AFP): The dollar slipped against other major currencies in Asian trade today amid uncertainty about how effective a central bank plan to ease a global credit crunch will be, dealers said. The dollar was also pressured by...

Pakistan to import short staple cotton from India

2007-12-14 00:00:00

ISLAMABAD, Dec 13 (PTI): Pakistan has cleared the import of 500,000 short staple cotton bales from India to make up for a shortfall in domestic production of the commodity. The decision was made during a meeting of the Economic Coordination...

Japan Inc seen growing more cautious

2007-12-14 00:00:00

TOKYO, Dec 13 (AFP): A central bank survey of corporate Japan is expected to show top executives grew more cautious in the fourth quarter due to worries about the health of the global economy and rising costs, analysts said. Jitters...

British FM welcomes global cash injection

2007-12-14 00:00:00

LONDON, Dec 13 (AFP): Britain's Finance Minister (FM) Alistair Darling today welcomed the decision by the Federal Reserve and other central banks, including the Bank of England, to inject cash and confidence back into tight eurozone money markets. Speaking to...

Europe urges China to maintain status quo on forex reserves

2007-12-14 00:00:00

PARIS, Dec 13 (AFP): The EU's top financial affairs official said yesterday that Europe had asked China to refrain from changing its policy on its massive foreign reserves in order to avoid instability on currency markets. "We have said to...

Vietnam to build first pumped storage power plant

2007-12-14 00:00:00

HANOI, Dec 13 (Xinhua): Vietnam is considering two locations for the construction of its first pumped storage power plant to cope with electricity shortage at peak hours, according to local newspaper Vietnam Economic Times today. If the plant is built...

Salt production likely to face serious setback

2007-12-14 00:00:00

Our CorrespondentCHITTAGONG, Dec 13: As the salt farmers were deprived of just price of their product during the last season they are not interested enough to start salt cultivation in the current season. Despite passing of some time since the...

NBL, Bata donate Tk 2.5m, Tk 1.0m to CA's relief fund

2007-12-14 00:00:00

FE ReportNational Bank Limited (NBL) has donated Tk 2.5 million to the Chief Adviser's Relief and Welfare Fund for the cyclone-affected people.NBL Chairperson Parveen Haque Sikder handed over the cheque for the amount to Chief Adviser Fakhruddin Ahmed at the...

EBL, DUAA launch financial grant programme

2007-12-14 00:00:00

DU CorrespondentEastern Bank Ltd (EBL) in cooperation with Dhaka University Alumni Association (DUAA) has launched a financial grant programme titled 'EBL and DUAA Inspiration' for the students of DU.Under the programme, EBL will provide some 224 students from the total...

Govt borrows Tk 8.0b thru' treasury bills

2007-12-14 00:00:00

FE ReportThe government borrowed Tk 8.00 billion (800 crore) Thursday 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...

Garmentech show begins Jan 12

2007-12-14 00:00:00

FE ReportThe 7th international garment and allied machinery and accessories trade show 'Garmentech' is going to be held on January 12-15 at the Bangladesh China Friendship Conference Centre in the city.Zakaria Trade and Fair International of Bangladesh and Zak Trade...

NAVs of ICB AMCL Unit, Pension Holders' funds

2007-12-14 00:00:00

FE reportThe total net asset value (NAV) of ICB AMCL Unit Fund stood at Tk 49,42,74,042.44 on the basis of cost price and Tk 69,08,31,424.23 on the basis of market price at the close of business operation on December 11.The...

SJIBL opens 25th branch at Savar

2007-12-14 00:00:00

FE ReportShahjalal Islami Bank Limited (SJIBL) opens its 25th branch at Bazar Road, Savar, Dhaka Thursday. Founder-Director of the bank Md Sanaullah Shahid inaugurated the branch as the chief guest.Chairman of the bank Akkas Uddin Mollah, vice chairmen of the...

Jamuna Bank opens branch at Jamgora

2007-12-14 00:00:00

FE ReportJamuna Bank Ltd opened its 31st branch at Jamgora of Ashulia at Savar Wednesday.Chairman of the bank Nur Mohammed inaugurated the branch as the chief guest.Vice Chairman Md Sirajul Islam Varosa, Director Gazi Golam Murtoza, Managing Director Mohammed Lakiotullah,...

StanChart launches evening banking at Banani cash booth

2007-12-14 00:00:00

FE ReportStandard Chartered Bank launched evening banking services at its Banani cash booth in the city recently. The evening banking services will benefit the businesses in the locality by offering banking services beyond normal banking hours. Customers can now withdraw...

Call to popularise derivative products

2007-12-14 00:00:00

FE ReportChittagong Stock Exchange (CSE) President Nasiruddin Ahmed Chowdhury urged the journalists community to popularise the derivative products among general investors."When the bourses will finally launch the product it is necessary for all concerned to understand derivatives product. Without adequate...

BRAC Bank opens 11 more ATM booths in city

2007-12-14 00:00:00

FE ReportBRAC Bank Limited recently opened 11 more ATM (automated teller machine) booths at Malibagh, Bashabo, Rajarbagh, Shahbagh, Kawranbazar, Kamalapur, Fakirapool, Hatirpool, Indira Road, Farmgate and Old Airport Road in the city.Managing Director and CEO of BRAC Bank Limited Imran...

Rahimafrooz Energy, Mitsubishi sign distributorship deal

2007-12-14 00:00:00

FE ReportRahimafrooz Energy, a leading energy solution company and a sister concern of Rahimafrooz Group, signed a distributorship agreement with Mitsubishi Heavy Industries (MHI) Ltd, Japan for gas and diesel generators in Bangladesh.Rahimafrooz Group Chief Executive Officer (CEO) Samir Asaf...

Extraction of date juice starts in full swing in Rangpur

2007-12-14 00:00:00

Our CorrespondentRANGPUR, Dec 13: Extraction of date Juice started in full swing in different parts of the district with the advent of winter, sources said.People of the region extract juice from date trees every year in winter. The season brings...

DBBL, AWF hold workshop on education

2007-12-14 00:00:00

FE ReportDutch-Bangla Bank Limited (DBBL) and Autism Welfare Foundation (AWF) jointly organised a four-day workshop on education and training for teachers and parents of the autistic children in the city recently.Additional Managing Director of DBBL AHM Nazmul Quadir was present...

Eastern Housing approves 15pc cash dividend

2007-12-14 00:00:00

FE ReportThe 43rd annual general meeting (AGM) of Eastern Housing Limited approved 15 per cent cash dividend for shareholders.Earlier, the board of directors of the company in consideration of profit and liquidity recommended the dividend.The meeting was held at the...