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Planetary check-up starts with the oceans

2007-12-03 00:00:00

Stephen Leahy from Brooklin, CanadaIf continents are the Earth's sturdy bones and the atmosphere its thin skin, then the oceans are its heart, circulatory system and blood. And despite the crucial role played by the oceans in the health of...

Palm oil not green for Asia: UN report

2007-12-03 00:00:00

Marwaan Macan-Markar from BangkokEuropean Union (EU) demand for supposedly green-friendly fuels, such as palm oil, is coming at a high social and environmental cost in Asia, warns a new report released Tuesday by the United Nations Development Programme (UNDP).The U.N....

Dollar's last lap as the only anchor currency

2007-12-03 00:00:00

Wolfgang MünchauIT has been one of the most influential theories about exchange rates in the age of globalisation and it may be about to go up in smoke.In 2003, the economists Michael Dooley, David Folkerts-Landau and Peter Garber proposed what...

East Asian leaders vow to boost investment in sanitation

2007-12-03 00:00:00

JAKARTA, Dec 2 (Xinhua): Ministers and policy makers from East Asia have pledged in Japan to raise investment in sanitation and hygiene, and to provide strong leadership for action, in an effort to achieve the Millennium Development Goals (MDGs), the...

S Lanka plans to raise more money from overseas investors

2007-12-03 00:00:00

COLOMBO, Dec 2 (AFP): Sri Lanka plans to raise more money from overseas investors, officials said despite the International Monetary Fund warning that the island could be heading for a foreign debt crisis. Sri Lanka's Central Bank said today it...

India, UK investors to offer syndicated finance to companies

2007-12-03 00:00:00

MUMBAI: A group of investors from UK and India will soon form a network to offer syndicated finance to early stage companies in the two countries. An announcement to this effect will be made by senior government officials of both...

Economic, labour issues to dominate GCC summit

2007-12-03 00:00:00

DUBAI, Dec 2 (PTI): Security and economic cooperation and reducing dependence on foreign labour are the issues likely to dominate the two-day summit of six Gulf countries beginning Monday in the Qatari capital Doha, where Iran is also expected to...

Pakistan loses Iran rice mkt, India gains ground

2007-12-03 00:00:00

NEW DELHI, Dec 2 (Commodity Online): India has made big strides in rice exports to Iran and this has caused major worries for the Pakistani exporters. The main reason for India's gain is Iran's decision to impose heavy tariffs on...

Death of dollar as the world currency

2007-12-03 00:00:00

"Here are two brother countries, united like a single fist," declared Venezuelan kingpin Hugo Chavez after meeting Mahmoud Ahmadinejad, president of Iran, in Tehran on Nov 19th. "We have common viewpoints and we will stand by each other until we...

Japan presses China to solve gas row

2007-12-03 00:00:00

BEIJING, Dec 2 (Reuters): Japanese cabinet ministers called on Chinese Premier Wen Jiabao to help resolve a dispute over natural gas today, a day after high-level economic talks aimed at warming the long- chilly ties between the two countries. Foreign...

Egypt talks with Iran over possible wheat imports

2007-12-03 00:00:00

CAIRO, Dec 2 (Reuters): Egypt has held talks with Iran over the possibility of importing Iranian wheat, and hopes to see a new phase in economic relations with its old foe, the Egyptian trade ministry said yesterday. Egypt and Iran...

Pak tea firm looks for partners in India

2007-12-03 00:00:00

KOLKATA, Dec 2 (Commodity Online): Pakistan and India are doing some confidence building measures in the tea front. As part of this, Pakistan's Tapal Tea group is scouting for a partner in India to enter into strategic alliance. The company...

RRC to submit its first reform proposal to CA today

2007-12-03 00:00:00

The Regulatory Reforms Commission (RRC) would submit two recommendations to Chief Adviser Dr Fakhruddin Ahmed today (Monday) as part of its efforts to guide the government to update the old regulations, reports UNB.One of the recommendations is to disseminate information...

MTB opens 27th branch in city

2007-12-03 00:00:00

FE ReportMutual Trust Bank Ltd (MTB) has opened its 27th branch at Dholaikhal in the city recently. Managing Director of MTB Kazi Md Shafiqur Rahman formally inaugurated the branch. Speaking on the occasion, Rahman stressed the need of maintaining good...

DHL wins regional award for Flu preparedness handbook

2007-12-03 00:00:00

FE ReportDHL, the world's leading express and logistics company, won the top award for 'corporate publications' at the 'Asia-Pacific PR Awards' for its pioneering employee publication -- 'Be Informed - Be Prepared: DHL Employee Flu Pandemic Preparedness Handbook.The certificate of...

Khaled re-elected DCCI president

2007-12-03 00:00:00

FE ReportHossain Khaled has been re-elected as the president of the Dhaka Chamber of Commerce and Industry (DCCI) for the term of 2008.Salahuddin Abdullah and Khandaker Shahidul Islam have been elected respectively as the senior vice president and vice president...

Popularise derivative products: CSE

2007-12-03 00:00:00

FE ReportChittagong Stock Exchange (CSE) President Nasiruddin Ahmed Chowdhury urged the journalist community to educate general investors on the derivative products.The CSE president made the observation after inaugurating a seminar organised by the CSE for the local journalist community at...

ICB AMCL declares NAV of two unit funds

2007-12-03 00:00:00

FE ReportThe Asset Management Company Limited (AMCL), a subsidiary of Investment Corporation of Bangladesh (ICB), has declared net asset values (NAV) of its two unit funds.The total NAV of ICB AMCL Unit Fund stood at Tk 460,890,299.93 on the basis...

AB Bank, Networld B'desh, Euronet sign EFT deal

2007-12-03 00:00:00

FE ReportAB Bank Ltd, Networld Bangladesh Ltd and Euronet Worldwide Inc, a NASDAQ-listed company's subsidiary that provides EFT services, signed a joint-venture agreement in the city recently.Under the deal, a joint-venture company will be set up to provide an electronic...

DBL holds discussion meet at Bogra

2007-12-03 00:00:00

Our correspondentBOGRA, Dec 2: A discussion meeting of Dhaka Bank Limited (DBL) was held at Bogra recently.DBL Managing Director Shahed Noman was present as the chief guest at the discussion while its managers and officials of the branches were present...

BCIC allocates 259.866 tonnes of urea in December

2007-12-03 00:00:00

FE ReportBangladesh Chemical Industries Corporation (BCIC) has allocated 259,866 tonnes of urea fertiliser for distribution among the farmers during the current month, said a press release.Besides, district fertiliser and seed-monitoring committees have been requested to supervise the quick withdrawal, transportation...

Adviser for enhancing competitiveness of local sugar

2007-12-03 00:00:00

DINAJPUR, Dec 2 (BSS): Industries Adviser Geeti Ara Safiya Chowdhury suggested the state-owned sugar mills Saturday to increase output and cut production costs to survive the competition with imported sugar. Every industry will have to survive through competition in the...

NCC Bank opens 51st branch at Comilla

2007-12-03 00:00:00

FE ReportNCC Bank Ltd opened the 51st branch of the bank with online facility at Comilla recently.Chairman of the bank Tofazzal Hossain formally inaugurated the branch as the chief guest.Managing Director (MD) Md Nurul Amin presided over the inaugural programme,...

Scope of boosting Dhaka-Yunan trade, cultural ties seen wider

2007-12-03 00:00:00

Our CorrespondentCHITTAGONG, Dec 01: Lu Beng Jeng, Vice-Chairman of the Yunan Provincial People's Congress, said here Friday that wide-ranging possibilities were there to enhance trading, educational, cultural and tourism relations between Bangladesh and Yunan Province of China because of their...

MRDI launches PR handbook for corporate sector

2007-12-03 00:00:00

FE ReportThe Management and Resources Development Initiative (MRDI) in partnership with Manusher Jonno Foundation launched the 'Public Relations (PR) Handbook' at a programme in the city Saturday.The handbook was designed for the PR practitioners to help develop their skills and...

Oriental Bank holds branch managers' meet

2007-12-03 00:00:00

FE ReportAn emergency meeting of the Dhaka city branch managers of Oriental Bank Limited was held at its head office in the city recently.Managing Director of the bank Md Asaduzzaman Khan presided over the meeting. Speaking on the occasion he...

Berger accolades young artists

2007-12-03 00:00:00

FE ReportThe 12th 'Berger Young Painters' Art Competition' prize giving ceremony was held at the Bangladesh-China Friendship Conference Centre in the city recently. Berger Paints Bangladesh Limited Managing Director Masih Ul Karim delivered the welcome speech at the function. He...

Holcim holds masons’ meets in Ctg

2007-12-03 00:00:00

FE ReportHolcim, a leading cement manufacturer of the country, recently started marketing its product Holcim cement in the port city of Chittagong and adjoining areas.Holcim, the Swiss based company, entered the country in 2000. It had been marketing cement throughout...

Asian stocks rise as investors wary of Fed move

2007-12-03 00:00:00

Asian stocks rose last week, trimming the regional benchmark's biggest monthly decline in 1 1/2 years, as investors bet the US Federal Reserve will lower borrowing costs to bolster growth in the world's largest economy, according to report release on...

corporatewatch

2007-12-03 00:00:00

Daffodil Computers earnsTk 12.06m net profit Daffodil Computers Limited earned a net profit of Tk 12.06 million in the year that ended on June 30, 2007. The earnings per share (EPS) of the company stood at Tk 0.69.Engineers Ltd recommends25pc...