FE ReportThe 26th meeting of the audit committee of Export Import (EXIM) Bank of Bangladesh Limited was held at its head office in the city recently.Chairman of the board of audit committee of the bank AKM Nurul Fazal Bulbul presided...
Our CorrespondentBRAHMANBARIA, October 11: Janata Bank (JB) will disburse loans worth TK 83.3 million (TK 8.33 crore) among farmers in the district through its twenty branches during the current financial year (2007-2008), sources said.The loans will be given for crops...
PARIS, Oct 11 (Newstex): Share prices were higher at midday as a raft of positive news buoyed individual stocks and lifted sentiment throughout the market.At 1.35 pm, the CAC-40 index was up 37.0 points or 0.64 pct at 5,875.57. On...
Ambassador and Permanent Representative of Bangladesh to the United Nations Ismat Jahan urged the International community to provide duty- free and quota-free market access for all products from all Least Developed Countries (LDCs) without any restrictions, reports BSS.Ismat Jahan made...
FE ReportPubali Bank Ltd (PBL) held a workshop for the bank officers on 'internal control and compliance' at its head office in the city recently.PBL Managing Director Helal Ahmed Chowdhury was present in the workshop as the chief guest.The managing...
FE Report Bombay Sweets and Company Limited recently signed a memorandum of understanding (MoU) with ICE Technologies to implement IFS ERP applications for automating its entire value chain. Bombay Sweets Managing Director Kamaluddin Abdul Aziz and ICE Technologies Chief Executive...
FE ReportThe government borrowed Tk 9.00 billion (900 crore) Thursday through auctions of treasury bills. It will result in withdrawal of Tk 8.15 billion from the market in the week.The central bank conducted auctions of 28-day, 91-day, 182-day and 364-day...
The US dollar/BDT market was active. USD remained weak against BDT throughout the week. Demand for dollar was stable in the local market and USD showed downward movement.Money marketOvernight money market tightened a little during the week. The call money...
FE ReportThe Westin Dhaka has extended the Eid celebration offer for Bangladeshis at US$99 per night each room.The offer began Thursday and will be continued until October 19, 2007, said a press release.The guests will have the opportunity to restore...
FE ReportSoutheast Bank Limited (SEBL) re-appointed Neaz Ahmed as managing director (MD) of the bank for another three years with effect from October 21.The bank expressed its satisfaction at the overall growth and qualitative improvements over the last three years...
GENEVA, Oct 11 (Reuters): As the world's wealth pumps into the pockets of a new generation of heirs and entrepreneurs, private banks are looking for new ways to attract a clientele worlds away from the stuffy image of wealth management."Younger...
WASHINGTON, Oct 11 (AFP): World Bank president Robert Zoellick has said that globalisation must be "inclusive and sustainable" if it is to help combat crushing poverty around the world. In a speech at the National Press Club, marking his first...
DETROIT, Michigan, Oct 11 (AFP): A strike at Chrysler LLC's US plants was called off after less than seven hours when the automaker reached a deal with its main union on a landmark contract aimed at helping the automaker better...
SEOUL, Oct 11 (AFP): South Korea's central bank today kept its key interest rate unchanged for a second month to shore up the economy following recent turbulence in world financial markets. The October target for the call rate, the interest...
TOKYO, Oct 11 (AFP): Moody's upgraded Japan's domestic debt rating today on expectations that the world's second largest economy will continue to recover and the new government will pursue fiscal reforms. Moody's Investors Service raised its rating from A2 to...
SINGAPORE, Oct 11 (AFP): World oil prices rose in Asian trade today in an edgy market that dealers say remains well supported by concerns over tight supplies. The US Department of Energy (DoE) was to issue its latest weekly report...
BEIJING Oct. 11 (Xinhua): Key energy prices registered a slight rise in September, while steel price continued to rise and nonferrous metal prices showed small fluctuations, disclosed the State Development and Reform Commission in its latest issue of "Major Commodity...
NEW YORK, Oct 11 (Reuters): Costco Wholesale Corp reported a nearly 5 per cent increase in quarterly profit Wednesday, and the no 1 US warehouse club operator said September sales at stores open at least a year rose a better-than-expected...
COLOMBO, Oct 11 (AFP): The ambitious plans of India and China to ramp up biofuel production will deplete their water reserves and seriously impact their ability to meet food demands, a new study said today. China and India, expected to...
BRUSSELS, Oct 11 (Xinhua): European importers yesterday expressed cautious welcome to the new textile agreement between the European Union (EU) and China, which replaces import quotas with joint monitoring of trade flow in 2008. "We welcome the fact that quotas...
TOKYO, Oct 11 (AFP): The yen lost ground against other major currencies in Asian trade today after the Bank of Japan left its key interest rate unchanged, encouraging players to buy higher yielding currencies, dealers said. They said the euro...
MANILA, Oct 11 (AFP): The Asian Development Bank will aid China's clean up of the Songhua river basin, where a blast in a chemical plant killed eight people and spilled toxic chemicals into the water two years ago, the Manila-based...
BEIJING, Oct 11 (AFP): Potatoes may soon join rice as a staple diet for China's 1.3 billion people as the nation searches for alternative crops to deal with a sharp decline in farmland, state press reported today. China is facing...
NEW YORK, Oct 11 (Reuters): The credit crunch that has troubled financial markets in recent months will eventually take its toll on the US economy, former Federal Reserve Chairman Alan Greenspan said Wednesday.Greenspan said house prices would almost certainly fall...
Pooja ThakurYawer Sayeed returned to his native Bangladesh from Australia to set up a money-management company in 1999. After eight lean years his business is booming. A military-backed government in place since January has lured investors by pledging to sell...
Daniel KrugerThe biggest quarterly rally for U.S. government securities in five years is getting an extraordinary boost from the burgeoning reinvestment of petrodollars by the Organization of Petroleum Exporting Countries. OPEC members increased their holdings of Treasuries 12 percent this...
Jim Lobe In a major rebuff to human rights and government accountability activists, the U.S. Supreme Court Tuesday declined to take up the case of a German citizen who was allegedly abducted, detained and tortured by the Central Intelligence Agency...
Tony Barber from Luxembourg, Guido Bohsem from Berlin and Mark Schieritz from FrankfurtEUROPEAN nations are to draw up radical proposals to improve transparency in financial markets and to change the way credit rating agencies operate in an attempt to prevent...
MUSLIMS in this country will be celebrating the joyo us occasion of the holy Eid-ul-Fitr on Saturday or Sunday next, depending on the sighting of the moon. Traditionally, wearing of good clothes, eating sumptuously and engaging in fun and frolics,...
Hasan MahmudTHE dominant economic discourse posits that international migration undermines the prospect for economic growth at both the national and community levels. Such a view is attained through micro-level case studies of remittances earning and spending patterns in various labour...
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