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Investment jumps 115pc in Indonesia

2007-10-10 00:00:00

JAKARTA, Oct 9 (AFP): Indonesia's actual domestic and foreign direct investment in the first nine months of 2007 rose 115 per cent from a year before to 109.73 trillion rupiah (12 billion dollars), officials said today. National Investment Coordinating Board...

China National Day holiday retail sales up 16pc

2007-10-10 00:00:00

SHANGHAI, Oct 9 (AFP): Retail sales in China during the week-long National Day holiday from October 1 totalled nearly 350 billion yuan (47 billion dollars), up 16 per cent from a year earlier, state media said today. The growth rate...

Oil prices lower in Asia on rising supply, dollar

2007-10-10 00:00:00

SINGAPORE, Oct 9 (AFP): World oil prices continued their falls in Asian trade today as the market focussed on rising supply and a stronger US dollar, dealers said. New York's main oil futures contract, light sweet crude for delivery in...

Soybean output to drop 9.81pc

2007-10-10 00:00:00

SHANGHAI, Oct. 9 (Xinhua): China's soybean sowing area is 8.8 million hectares in 2007, a decrease of 480,000 hectares or 5.17 per cent from the 9.28 million hectares in 2006, according to the latest statistics published by the State Grain...

Dollar steady in quiet Asian trade

2007-10-10 00:00:00

TOKYO, Oct 9 (AFP): The dollar moved in narrow ranges against other major currencies in Asian trade today as investors awaited fresh clues on the Federal Reserve's next interest rate move, dealers said. They said last week's stronger than expected...

China boosts food licences amid global scares

2007-10-10 00:00:00

BEIJING, Oct 9 (AFP): Nearly 80 per cent of China's food processing companies have received production licences, state media said today, in an apparent bid to address overseas concerns about product safety. A four-month food safety campaign, launched in late...

$124.26m WB, Dutch aid for water resources, AHIF

2007-10-10 00:00:00

FE Report Bangladesh will receive a total of US$124.26 million credit and grant from World Bank (WB) and the Netherlands for water resources management and Avian and Human Influenza Facility (AHIF) programmes, said a press release. Out of the US$124.26...

ICB AMCL holds 7th AGM

2007-10-10 00:00:00

The 7th annual general meeting of ICB Asset Management Company Limited (ICB AMCL), a subsidiary of Investment Corporation of Bangladesh (ICB), was held at its head office in the city Monday.The meeting was presided over by Chairman of the board...

7.5 pc GDP possible if infrastructural dev ensured

2007-10-10 00:00:00

Our CorrespondentCHITTAGONG, Oct 09: Infrastructural development in establishing industries if ensured and environment friendly atmosphere created by retaining the qualitative standard of the products then it would not be difficult for the GDP of Bangladesh to increased to seven and...

WMSL opts for GP Business Solutions

2007-10-10 00:00:00

FE Report GrameenPhone (GP) Limited recently signed an agreement with Western Marine Services Limited (WMSL) to provide complete communication facilities under its Business Solutions package.WMSL Executive Director Arifur Rahman Khan and GP Head of Chittagong Division Sajjad Alam signed the...

Bangladesh to lead debate on investment, mkt access for LDCs

2007-10-10 00:00:00

Foreign Adviser Iftekhar Ahmed Chowdhury said Bangladesh as chairman of the Group of LDCs will lead the debates in the international economic negotiations for greater aid, investment and market access, reports UNB."While to be leader of a group of 50...

DM Rahman new MD of Mercantile Bank

2007-10-10 00:00:00

FE ReportDewan Mujibur Rahman joined Mercantile Bank Ltd (MBL) and took over the charge as its new managing director recently.Prior to joining the MBL, DM Rahman was the MD of Karmasangsthan Bank.He joined Janata Bank as the deputy managing director...

WMSL opts for GP Business Solutions

2007-10-10 00:00:00

FE Report GrameenPhone (GP) Limited recently signed an agreement with Western Marine Services Limited (WMSL) to provide complete communication facilities under its Business Solutions package.WMSL Executive Director Arifur Rahman Khan and GP Head of Chittagong Division Sajjad Alam signed the...

Bahrain keen to import goods, RMG from Bangladesh

2007-10-10 00:00:00

FE ReportBahrain is keen to import Bangladeshi readymade garments (RMG), frozen fish, vegetables, spices and food items. The Bahraini businessmen expressed their interest when a delegation of Saudi-Bangladesh Chamber of Commerce and Industry (SBCCI) visited Bahrain and met some leading...

Eid shopping gets momentum in Ctg

2007-10-10 00:00:00

Our CorrespondentCHITTAGONG, Oct 09: Eid shopping is getting momentum at the sidewalk markets as in different regular and posh markets and shopping malls of the port city. The sidewalk markets mainly cater to the needs of the low and limited...

Asian stocks rise to record, Honda Motor, Bharti Airtel advance

2007-10-10 00:00:00

LONDON Oct. 9 (Bloomberg): Asian stocks rose, driving indexes in eight countries to records. Honda Motor Co. led Japan's exporters higher after the yen reached a two-month low against the dollar. India's Sensitive Index surged 4.5 per cent, the biggest...

Emirates launches Eid offers for holidaymakers

2007-10-10 00:00:00

FE ReportEmirates Airlines recently made few special offers under its 'Emirates Holidays' package for the global holidaymakers. The package offers include beautiful natural spots in African getaways including island specials, shopping jaunts, short city stays and other destination programmes.Emirates' Eid...

Prince Bazar launches special Eid sales offer

2007-10-10 00:00:00

FE ReportPrince Bazar, an elite superstore, Iaunched a massive month-long sales offer at its own complex at Mirpur.The authority has announced special discounts for certain products available for the consumers.Prince Bazar has also offered some exclusive fabric and garment items...

IBBL organises Iftar for orphans

2007-10-10 00:00:00

FE Report Islami Bank Bangladesh Limited (IBBL) organised an Iftar mahfil for orphans of Bauniabad Islamia Yeatimkhana and Madrasah at the Madrasah premises Monday. IBBL Executive Committee Chairman Mominul Islam Patwary was present at the Iftar mahfil as the chief...

Rapport chairman achieves Indira Global award

2007-10-10 00:00:00

FE ReportRapport Bangladesh Limited Chairman and Managing Director M Mosharraf Hossain had received the "Indira Global Best Achievers Award-2007" for his outstanding contribution to management education and training programme. M Mosharraf Hossain has been awarded by Shree Chanakya Education Society's...

corporate watch

2007-10-10 00:00:00

Response to DSE queryICB Islamic Fund: In response to a Dhaka Stock Exchange (DSE) query, ICB Islamic Mutual Fund has stated that there is no undisclosed price sensitive information of the Fund for the recent unusual price hike of its...

Britain to reduce troops in Iraq to 2,500 next spring

2007-10-10 00:00:00

LONDON, Oct 9 (XINHUA): British Prime Minister Gordon Brown said Monday that his country would reduce its troops in Iraq to 2,500 by spring 2008. "We plan for next spring to reduce force numbers in southern Iraq to a figure...

Sunni leader calls on Iraqis not to fight Al-Qaeda

2007-10-10 00:00:00

BAGHDAD, Oct 9 (AFP): Leading Iraqi Sunni cleric Harith al-Dhari has urged Iraqis not to join US forces in fighting Al-Qaeda, arguing that by doing so they are siding with the occupier. "A decision to stand beside the occupying enemy...

China opposes strong UN action against Myanmar

2007-10-10 00:00:00

BEIJING, Oct 9 (AFP): China said Tuesday it opposed any strong world pressure against close ally Myanmar over the bloody repression of democracy demonstrations, warning that it could exacerbate tensions there. "Sanctions or pressure will not help to resolve the...

40th death anniversary of Che Guevara observed

2007-10-10 00:00:00

SANTA CLARA, Cuba, Oct 9 (AFP): Leftist leaders and sympathisers marked the 40th anniversary of the death of revolutionary icon Ernesto 'Che' Guevara Monday in Cuba, where he is buried, and Bolivia, where he was killed in 1967. Acting president...

Political tensions as ElBaradei starts India visit

2007-10-10 00:00:00

MUMBAI, Oct 9(BSS/AFP) - UN atomic energy chief Mohammed ElBaradei began a three-day visit to India Tuesday as the country's ruling coalition appeared headed for a break-up over a civil nuclear energy pact with the United States. The International Atomic...

Two suicide truck bombs in Iraq kill 12

2007-10-10 00:00:00

TIKRIT, Iraq, Oct 9 (AFP) : Two suicide truck bombs separately targeting a police chief and a tribal leader involved in the fight against Al-Qaeda killed 12 people Tuesday in Baiji north of Baghdad, police said. At least 50 people...

Chavez takes on vices in Venezuela with new taxes

2007-10-10 00:00:00

CARACAS, OCT 9 (AP): President Hugo Chavez is on a moral crusade in Venezuela, preaching against vices from alcohol to cholesterol, vowing to curb whisky imports and ordering beer trucks off the street.His government announced increased taxes on alcohol and...

US considers significant food aid to NKorea

2007-10-10 00:00:00

SEOUL, Oct 9 (BSS/AFP) - The United States is considering providing significant food aid to North Korea in another sign of warming ties between the two Cold War foes, a South Korean official said Tuesday. Relations improved after the North...

UN High Commissioner for Human Rights visits Sri Lanka

2007-10-10 00:00:00

COLOMBO, OCT 9 (AP): UN High Commissioner for Human Rights Louise Arbour arrived in Sri Lanka Tuesday for a five-day visit to investigate human rights amid rising international concerns. Arbour will meet government officials and representatives of civil society during...