FE ReportMounting demand for cash ahead of festival vacation kept the inter-bank call money rate in ascending mood Tuesday in a highly active market influenced by pre-Eid withdrawals. The rate jumped to its peak at 17.00 per cent against previous...
FE ReportAmong the new textile items, denim fabrics and sweater are gradually becoming the flagship products for the local exporters. Industry insiders said during the last four years, production of denim has increased from 28 million metres per year to...
The Anti-corruption Commission (ACC) Tuesday sued Awami League general secretary Abdul Jalil and former home minister Altaf Hossain Chowdhury, reports bdnews24.com quoting the police. The graft watchdog filed another case against Khandaker Akhter Hamid nicknamed Paban, son of BNP leader...
Kayes M SohelTwo state-owned oil companies -- Jamuna Oil Company Limited and Meghna Petroleum Limited -- will make debut on the stock exchanges by January 10 under the direct listing regulations, a market source said.Both the companies will offload shares...
ROME, Dec 17 (Reuters): The United Nations' world food body outlined steps Monday meant to help the world's poorest nations combat soaring food prices, including a new voucher programme for farmers and a review of food-guzzling biofuels.The Rome-based UN Food...
John Authers WE live in an interconnected world. There is a tendency to believe that this is a new development, at least for financial markets.It is not. Almost 30 years ago, the British television journalist James Burke expounded what he...
Sundeep Tucker from Hong Kong INVESTMENT banks like to boast about how successful their Asian operations have become, and that the acute shortage of decent staff is the only thing limiting even faster expansion.There is little debate over figures that...
NEW DELHI, Dec 17 (PTI): India and Pakistan have a trade potential of 11.7 billion dollars, but the two neighbours need to take proactive measures to exploit untapped areas of economic cooperation, economic think tank ICRIER has said. An Indian...
TOKYO, Dec 17 (AFP): Japan will hold economic talks today with the energy-rich United Arab Emirates as Japanese banks prepare to sign a deal to extend a multibillion-dollar loan to the state-run Abu Dhabi oil company. Japan, which has virtually...
KUALA LUMPUR, Dec 17 (Xinhua): Malaysia exported 63.16 billion ringgit (18.58 billion US dollars) worth of green commodities for the first nine months of this year, exceeding the value of oil and gas which reached 55.24 billion ringgit (16.25 billion...
SINGAPORE, Dec 17 (AFP): Oil prices were higher in Asian trade today after a major snowstorm struck the northeastern United States over the weekend, fuelling expectations that heating oil demand will strengthen, dealers said. In morning trade, New York's main...
YANGON, Dec 17 (Xinhua): Myanmar will hold a marine products festival to help boost production and exports of the sector, according to the Myanmar Fisheries Federation (MFF) today. Running from Dec. 30, 2007 through to Jan. 4, 2008, the six-...
HANOI, Dec 17 (Xinhua): Vietnam is expected to export 4.5 million tonnes of rice next year, compared with estimated 4.53 million tonnes this year, local newspaper Youth reported today. Export prices of the local commodity will stand high next year,...
TOKYO, Dec 17 (AFP): The dollar dipped against other major currencies in Asian trade today as players locked in some of Friday's sharp gains triggered by a spike in US inflation, dealers said. They said that renewed worries about upward...
KUALA LUMPUR, Dec 17 (Reuters):With ingredients such as high cholesterol coconut milk, clarified butter and sugar cane, the traditional Malaysian diet may be among the most unhealthy cuisines in the world. But chefs in food-mad Malaysia, which touts itself as...
Kolkata, Dec 17 (BSS/PTI) Tata Motors will conduct the first test run of its ambitious small car in April 2008 before the scheduled roll out during the middle of next year. Sources close to the development told PTI that the...
Most of the readymade garment (RMG) factories have not implemented the new wage structure for their workers, a survey report said.Nagorik Sanghati, citing its survey report on 'Minimum Wage Implementation Monitoring in Readymade Garments' made the disclosure at a press...
Better designing by Bangladeshi textile experts and engineers will create greater markets for the country's exports in this sector.Adviser for Foreign Affairs Iftekhar Ahmed Chowdhury made the observation while speaking at the inaugural ceremony of a textile exhibition and traditional...
FE Report Transcom Electronics Limited (TEL) has recently signed a channel partnership agreement with Rahimafrooz. Under the agreement, IPS products of Rahimafrooz will be available at TEL's own showrooms. In this connection, a launching programme was held at TEL's own...
FE ReportBank Asia has launched Western Union (WU) services at all of its branches across the country through a ceremony held at a city hotel recently, said a press release. BURO Bangladesh, an NGO (non government organisation), has also joined...
FE ReportThe importance of quality software cannot be overemphasised in the present century. Secretary for Science and Information and Communication Technology (ICT) SM Wahid-uz-Zaman said this as the chief guest at a seminar on 'ISO 9001:2000 QMS-based software' jointly organised...
FE ReportThe Dutch-Bangla Bank Limited (DBBL) opened its 45th branch at Cox's Bazar (Zilani Complex, Laldighir Par, Main Road) recently offering On-line banking facilities from the first day. Managing Director of the bank Md Yeasin Ali inaugurated the branch, said...
Our CorrespondentBOGRA, 17: Bangladesh Quality Support Programme (BQSP) and Foundry Owners Association of Bangladesh (FOAB) jointly organised a four-day working group meeting, discussions and foundry technology workshop here recently to produce export standard foundry materials.Consultant of International Trade Centre Azmaizam...
SYDNEY, Dec 17 (Reuters): Rio Tinto said it was to invest US$1.1 billion expanding mines in Australia and the United States, as it looks to internal growth to fight off an unwanted approach from rival BHP Billiton. Rio said it...
KATHMANDU, Dec 17 (BSS): Dabur Nepal, a subsidiary of Darbur India and one of the leading manufacturers of fruit juices in the world, is keen to enter the Bangladesh market, provided Dhaka reduces its whopping customs duty of 80 per...
FE ReportThe Consortium of Professional Bodies and Universities (CPBU) of United Kingdom has conferred the prestigious international award of "CPBU Business Entrepreneur of the Year 2007" on Founder-Chairman and Chief Executive Officer (CEO) of HRC Group Sayeed Hossain Chowdhury. The...
Our Correspondent CHITTAGONG Dec 17: Market-wise consumer goods monitoring cell programme arranged under the auspices of the Chittagong Chamber of Commerce and Industry (CCCI) concluded in the city's Reazuddin Bazar area today (Monday).CCCI President Saifuzza-man Chowdhury conducted the drive.Speaking on...
LONDON, Dec 17 (AFP): World stock markets slumped on worries that resurgent US inflation would reduce the likelihood of another US interest rate cut to shield the economy from a credit crunch, dealers said Monday. European and Asian shares sank...
Message from DSE/CSEAll investors have been requested to make their investment decision on the basis of company fundamentals, price level and disclosed information, not on the basis of rumour. Issue degraded The shares of Fu-Wang Food Limited will be placed...
PARIS, Dec 17 (Reuters): Delegations from more than 60 countries are expected to offer around $5.6 billion Monday to help lift the Palestinian economy and underpin the renewed Middle East peace talks. The one-day meeting is the financial sequel to...
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