Our Correspondent CHITTAGONG: The freight rate of lighter vessels is being increased with effect from today (Thursday) following enhancement of prices of fuel oil and other equipment of lighters. Sources concerned said the Water Transport Coordination Cell (WTCC) has finaly...
Chief adviser Fakhruddin Ahmed Thursday inaugurated the activities of Dhaka District Judicial Magistracy and Dhaka Metropolitan Magistracy. "It is a great day for the nation and there is no doubt about it," he said in his speech to the huge...
Jack Miles The oil game in Iraq may be almost up. On September 29th, like a landlord serving notice, the government of Iraq announced that the next annual renewal of the United Nations Security Council mandate for a multinational force...
Bradley KeounStan O'Neal is facing pressure to abandon his post as chairman and chief executive officer of Merrill Lynch & Co. after misjudging the contraction in credit markets and posting the firm's biggest-ever quarterly loss. Merrill's directors met last week...
THE continuing food inflation, fuelled largely by supply-side constraints, both domestic and international, has hit the vast number of the country's population very hard. Spiralling prices have dented their incomes that have hardly risen under the prevailing depressed state of...
Syed Fattahul AlimTHE government has taken steps to create a more business-friendly climate in the economy. To this end, the incumbent administration has come up with a framework for 'better business forum' and sought suggestions from the business community in...
Phillip Kurata AFGHANISTAN'S drive to resurrect its fabled carpet industry with US assistance is a key element in the economic reconstruction of the landlocked Central Asian country, according to US officials.The Afghan carpet industry employs more than 1.0 million people,...
Laura Dixon TOUGHER limits on carbon emissions were set late last week by the European Commission in an effort to strengthen its efforts to combat climate change.Brussels cut 10 per cent from the figure requested by European governments for the...
IT is a welcome development that the authorities concerned are now on the final move to complete investigation into the ghastly August 21 incident of grenade attack on Sheikh Hasina's rally. A good number of suspects have been arrested by...
The present caretaker government is giving contradictory signals on different issues of public concern. It has been taking important decisions on matters like political reforms, institutional revamping, fiscal policy, and a lot more. The people have largely welcomed such decisions,...
GENEVA, Oct 30 (Reuters): Brazil is convening a meeting of ministers from developing countries in Geneva next month to plan strategy for the faltering Doha trade talks at the World Trade Organisation (WTO), a senior Brazilian diplomat said yesterday. Ministers...
DAKAR, Oct 30 (Reuters): A European Union proposal for poor countries to sign interim trade deals if they miss a December 31 deadline for regional pacts with Brussels may undermine regional economic integration efforts, a go-between group said yesterday. The...
TOKYO, Oct 30 (AFP): Japan's unemployment rate jumped unexpectedly for a second straight month in September, the government said today, raising concerns about the outlook for the labour market, a key pillar of the economy. The rise to 4.0 per...
SINGAPORE, Oct 30 (AFP): Singapore's economic growth, tipped at 7.0-8.0 percent this year, is expected to slowdown next year, reflecting a weaker US economy, the central bank said today. The Monetary Authority of Singapore (MAS) said in its semi-annual review...
DUBAI, Oct 30 (PTI): Fresh fruit and vegetables from South India, popular among the large Indian community, have almost disappeared from the main market and retail shops in Dubai after producers stopped exports to the UAE from three airports in...
CHICAGO, Oct 30 (Reuters): US wheat futures soared more than 3 per cent yesterday, rebounding from last week's declines on a mix of export rumors and spillover strength from crude oil, traders said. The surging energy market lifted US soy...
CAIRO, Oct 30 (AFP): Egypt announced yesterday a programme to build several nuclear power stations, pushing it towards the front of a queue of Middle Eastern nations eager for access to the controversial technology. President Hosni Mubarak said during the...
In the intro of a news item on the IFIC Bank printed on Page 9 in the October 29 issue of The Financial Express, the EGM was wrongly elaborated as Emergency General Meeting, which actually should read Extraordinary General Meeting....
Fakhrul AlamCHITTAGONG, Oct 30: Smuggling of fertiliser to the neighbouring India and Myanmar through different smuggled routes from Chittagong, has become rampant and an acute crisis of fertilisers is apprehended in the coming winter season due to such activities, sources...
An agreement on 'instant cash service' was signed between Islami Bank Bangladesh Limited (IBBL) and National Money Exchange Company (NMEC), Kuwait recently.IBBL International Banking Wing Senior Vice President Md Mahbub-ul-Alam and NMEC Managing Director Mahamud Hussain Khaja signed the agreement...
FE ReportWarid Telecom has introduced lucrative incentives for its prepaid subscribers on daily basis. Users of all Zem packages can get cash back everyday based on talk-time, said a press release.According to the offer, this cash-back is rewarded over SMS...
FE Report The Chittagong Chamber of Commerce and Industry (CCCI) in a letter to the chief Adviser, Fakhruddin Ahmed, Monday expressed its grave concern over the hike in the users' charges of port equipment and other related services at Chittagong...
FE ReportAnwer Hossain Khan and Mohiuddin Ahmed have been elected chairman and vice chairman respectively of the Executive Committee (EC) of the Shahjalal Islami Bank Limited recently.Anwer Hossain Khan was born at Ramganj in Laxmipur District. He obtained Masters degree...
FE ReportICB shareholders approved 14 per cent cash dividend for the FY 2006-2007 at its 31st annual general meeting (AGM) Tuesday at the BIAM auditorium in the city. ICB board of directors Chairman Feroz Ahmed presided over the meeting while...
FE ReportInternational Leasing and Financial Services Limited (ILFSL) signed a participation agreement with the Bangladesh Bank (BB) to extend home loan facility to lower and middle-income groups of borrowers in the city recently.The agreement signed under the 'Bangladesh Bank Refinance...
FE ReportManagers of Pubali Bank Limited have been urged to be logical, flexible and open minded saying that one can prove oneself as a good manager by conquering the limitations and manage all things properly. Managing Director of the bank...
Our Correspondent NILPHAMARI, Oct 30: Sonali Bank has set a target of Tk 5,33,50,000 as agriculture loan to be disbursed among the farmers of Nilphamari district in the fiscal year 2007-08. The bank will disburse the amount through its 10...
BANGKOK, Oct 30 (AP): Most Asian markets fell Tuesday amid anxiety ahead of the U.S. Federal Reserve's decision on interest rates. Hong Kong still managed to edge up to its fourth straight record close on demand for Chinese bank shares.BANGKOK:...
FE ReportUnilever Bangladesh Limited (UBL) arranged a conference in the city for senior officials of Modern Trade outlets recently.The conference addressed the business trends in the modern trade retail industry and also communicated some of the new initiatives like category...
LONDON, Oct 30 (AFP): Europe's main stock markets fell Tuesday on profit-taking amid caution on the eve of an interest-rate call by the US Federal Reserve, dealers said. "We're in no man's land for the next 48 hours," said Howard...
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