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Prime Finance, Keya Cotton Mills sign IPO deal

2007-12-13 00:00:00

FE ReportPrime Finance and Investment Ltd, a non-banking financial institution and merchant bank, signed an agreement with Keya Cotton Mills Limited to manage their proposed Initial Public offering (IPO) in the city recently.Prime Finance Managing Director Nozmul Haque and Keya...

Export of herbal medicines can fetch $5.0b

2007-12-13 00:00:00

The country can earn over $5.0 billion (500 crore) annually by exporting herbal medicinal products with the introduction of a pragmatic policy and streamlining production of herbal medicines through optimal use of available resources, reports BSS.The observation came at the...

Mahmood Sattar new chairman of ABB

2007-12-13 00:00:00

FE ReportThe City Bank Ltd Managing Director (MD) and CEO K Mahmood Sattar has been elected new chairman of Association of Bankers, Bangladesh (ABB) for 2007-09.He was elected in the annual general meeting (AGM) of the Association in the city...

Summit Power holds EGM

2007-12-13 00:00:00

FE ReportSummit Power Limited held its 10th Extra-Ordinary General Meeting (EGM) Wednesday to pass a Special Resolution for incorporating a new qualifying object clause in the Memorandum of Association of the Company to assure the lenders for repayment of facilities...

IFIC Bank opens 68th branch at Goala Bazar

2007-12-13 00:00:00

FE ReportIFIC Bank Limited opened its 68th branch at Goala Bazar in Sylhet recently.Chairman of the bank Mohammad Lutfar Rahman inaugurated the branch as the chief guest.Director Didarul Alam was present at the inaugural programme. Deputy Managing Director Mohammad Abdullah...

ICB wins certificate of appreciation of ICAB

2007-12-13 00:00:00

FE reportInvestment Corporation of Bangladesh (ICB) got the first position and won the certificate of appreciation in the best-published accounts and reports category of ICAB Award-2006 in the public-sector entities.Finance Adviser AB Mirza Azizul Islam handed over the award as...

Poland to recruit skilled manpower from Bangladesh

2007-12-13 00:00:00

Naim-Ul-KarimPoland, 10th largest country in Europe, will recruit a substantial number of skilled and semi-skilled manpower from Bangladesh to help its infrastructure development ahead of the European Soccer Cup 2012."The authorities concerned of the Polish government have already given its...

Training on Start Your Own Business ends

2007-12-13 00:00:00

FE ReportA 5-day training course on Start Your Own Business concluded at MIDAS head office in the city recently.Micro Industries Development Assistance and Service (MIDAS) and Shakti Foundation jointly organised the course.This theme was designed on a German model called...

Uttara Bank holds workshop on 'Money Laundering Prevention Act'

2007-12-13 00:00:00

Our Correspondent BRAHMANBARIA, Dec 12: Uttara Bank Limited (UBL) in co-operation with Bangladesh Bank arranged a two-day workshop on "Money Laundering Prevention Act" at Park View Community Centre of Loknath Digir Par in the town recently.Deputy General Manager (DGM) of...

Shippers' Council election Dec 17

2007-12-13 00:00:00

FE ReportThe election to Shippers' Council of Bangladesh (SCB) will be held at its annual general meeting (AGM) on December 17 at the conference room of the SCB in the city.All members and office bearers of the SCB have been...

Good support from loose tea buyers

2007-12-13 00:00:00

FE ReportMarket opened to a good demand and throughout the sale the undertone was quite firm particularly for the liquoring types which attracted more competition. Blenders were more active along with good support from the loose tea buyers. There was...

Dhaka Bank holds workshop on SME loan position

2007-12-13 00:00:00

FE ReportDhaka Bank Limited (DBL) held a training workshop on 'SBS-3 and SME loan position' at the Dhaka Bank Training Institute (DBTI) in the city Saturday.Deputy Managing Director of the bank Mohammad Abu Musa inaugurated the workshop as the chief...

Shoeb Chowdhury leaves for US

2007-12-13 00:00:00

FE ReportInternational Institute of Business Analysis (IIBA) Bangladesh chapter's General Secretary M Shoeb Chowdhury left Dhaka recently for the USA.He has been invited by the US Embassy in Bangladesh as a delegate for the visit. During the visit he will...

BKB, SFDF sign MoU

2007-12-13 00:00:00

FE ReportBangladesh Krishi Bank and Small Farmers' Development Foundation (SFDF) signed a memorandum of understanding (MoU) at the board room of the bank in the city recently.General Manager (Accounts) of BKB Abu Jafor Md Sayed and SFDF General Manager MA...

Asian markets disappointed with Federal rate cut

2007-12-13 00:00:00

TOKYO, Dec 12 (Internet): Shares fell across the Asia Pacific region Wednesday as investors seemed worried by the US Federal Reserve's statement that the US economy was slowing, and that its 25 Hong Kong shares led the retreat, with the...

US stocks set for rally as Fed mulls liquidity action

2007-12-13 00:00:00

US equities were set for a rebound Wednesday, helping limit losses on European stock markets, as the Federal Reserve prepared to make changes to the way it offers liquidity support to financial institutions. Wall Street stocks fell sharply Tuesday after...

corporatewatch

2007-12-13 00:00:00

Message for investorsThere will be no trading at Dhaka Stock Exchange (DSE) on December 23 and 24, 2007 following the holidays of Eid-ul-Azha. Therefore, trading at DSE will remain closed from December 20 to December 25, 2007.Tulip Dairy won't give...

Pakistan opposition gears up for election campaign

2007-12-13 00:00:00

PESHAWAR, Dec 12 (Reuters): From the volatile tribal northwest to the wealthy farm land of Punjab, Pakistan's main opposition leaders geared up their election machinery Wednesday to challenge President Pervez Musharraf. After a vote boycott drive disintegrated, both former prime...

Israeli-Palestinian peace talks resume

2007-12-13 00:00:00

JERUSALEM, Dec 12 (AFP): Israelis and Palestinians resume negotiations for the first time in nearly seven years Wednesday, trying to reconcile conflicting claims and clashing dreams in a bid to end six decades of conflict. Late Tuesday, Israel announced that...

Eleven UN staff among dead in Algeria bombs: UN

2007-12-13 00:00:00

UNITED NATIONS, Dec 12 (Reuters): Eleven UN employees are believed to have been among those killed when car bombs hit UN and other buildings in Algiers Tuesday and more UN staff were still unaccounted for, a UN spokeswoman said. At...

World's most populous country sees mini-baby boom

2007-12-13 00:00:00

BEIJING, Dec 12 (Reuters): China, the world's most populous country, is expecting a mini-baby boom, state media said Wednesday, warning also of a "social time bomb" as more men are unable to find wives. With the world's biggest population straining...

Army general killed in Lebanon blast

2007-12-13 00:00:00

BEIRUT, Dec 12 (AFP): An army general was among at least four people killed Wednesday in a roadside bomb that also injured seven others in a Christian suburb on the outskirts of Beirut, a security source told AFP. "General Francois...

Car bombs kill 20, wound 25 in Iraq

2007-12-13 00:00:00

BAGHDAD, Dec 12 (AFP): At least 20 people were killed and 25 wounded in car bomb attacks in the southern Iraqi city of Amara Wednesday, the interior ministry's operation director Brigadier General Abdel Karim Khalaf said. Lieutenant Ali Kadhim Hassan...

Russia walks away from CFE arms treaty

2007-12-13 00:00:00

MOSCOW, Dec 12 (AFP): Russia walked Wednesday out of a key Cold War treaty setting limits on troops and weapons across Europe, but promised there were no immediate plans for a major military build-up. Russia's participation in the Conventional Forces...

India secure draw to win series

2007-12-13 00:00:00

BANGALORE, Dec 12 (BBC): India settled for a draw in the final Test with Pakistan in Bangalore to claim a first home series for 29 years against their fiercest rivals. The hosts won the three-Test series 1-0 but were heading...

Tigers leave for New Zealand

2007-12-13 00:00:00

A 15-member national cricket team, led by skipper Mohammad Ashraful, left Dhaka for New Zealand Wednesday to play three One Day Internationals (ODIs), two Tests and one twenty20 match, besides three warm-up one-day matches, reports UNB.Bangladesh cricket team will begin...

Tiger wins another Player of the Year award

2007-12-13 00:00:00

THOUSAND OAKS, Dec 12 (AP): No one came close to matching Tiger Woods on the PGA Tour, which is becoming as predictable as Woods being voted the PGA Tour Player of the Year. With seven victories and another major championship,...

England face battle to save Test

2007-12-13 00:00:00

COLOMBO, Dec 12 (BBC): England face a struggle to save the second Test after conceding a sizeable first innings lead against Sri Lanka on day four in Colombo. When the tourists took their fourth wicket of the day soon after...

21st Nat’l Karate Competition to begin Jan 10

2007-12-13 00:00:00

A three-day 21st National Karate Competition, organised by Bangladesh Karate Federation and sponsored by Bank Asia, will begin on January 10, 2008 at the Mirpur Shaheed Suharawardy Indoor Stadium in the city, reports UNB.Ahead of the national meet, all the...

Mumtaz, Dalia, Mina clinch gold medals

2007-12-13 00:00:00

Three female players of Bangladesh Ansar -- Mumtaz Pushpa, Dalia Akhter and Mina Akhter -- clinched gold medals in their respective weight categories of the City Bank Ltd 1st Youth (Under-20) and Victory Day Senior Judo Competition that began at...