BEIJING, Oct 29 (Reuters): China has stepped up its conservation drive with a law that makes officials' career prospects dependent in part on their energy-saving efforts, the Xinhua news agency said. The country's top legislature approved yesterday a series of...
Country's state-run banks' term loan financing is on the decline, while the private banks have been consolidating their position in the business, reports bdnews24.com."This is not a positive sign. It seems that the state-run banks' operating incomes are declining in...
FE Report A signing ceremony following the Master Facility Agreement between the Bangladesh Bank (BB) and Dhaka Bank for participation in the 'Investment Promotion and Financing Facility (IPFF)' was held in the city Thursday, said a press release.The International Development...
Potential Japanese investors are watching carefully the situation in Bangladesh as they always think of a long-term perspective on their investment, Japanese Ambassador Masayuki Inoue said, as the country was now at a crossroads, reports UNB."Direct investment from Japan to...
FE ReportManaging Director (MD) of BASIC Bank Ltd AH Ekbal Hossain has stressed the need for migration to Basel II to face future challenges and to uphold international best practices. He has also asked the officials to gain appropriate knowledge...
Our CorrespondentCHITTAGONG, Oct 29: No effective step to rehabilitating over 25 thousand hawkers of the city by any concerned quarter is yet in sight. On availing the provisional chance of sitting over the footpaths before Eid-ul-Fitr, these hawkers have again...
FE ReportMuhammad Ali has been appointed as managing director (MD) of Shahjalal Islami Bank Ltd recently, said a press release..Prior to this, he worked as MD (current charge) of the bank since August 1, 2007. Ali joined Shahjalal Islami Bank...
Some 401 sacks of urea and other fertilisers were seized in four districts Sunday, reports UNB.In Dinajpur, two smugglers were arrested along with a truck loaded with 200 sacks of urea fertiliser at Phulbari-Dhaka crossing on Dinajpur-Gobindaganj highway in the...
Our Correspondent BRAHMANBARIA, Oct 29: Operation of Ashuganj Zia Fertiliser Factory (AZFF) is being seriously affected due mainly to mismanagement, sources said. The government established the fertiliser company in the eighties and appointed a managing director, general managers and other...
BANGKOK, Oct 29 (AP): Asian markets rose Monday, buoyed by Wall Street's rally Friday and as a weak US dollar propelled investors into regional markets. Hong Kong, India, Indonesia, Malaysia, South Korea and other regional bourses hit record closes.New Zealand...
FE ReportThe Chittagong Stock Exchange (CSE) has taken an initiative to distribute refund warrants of all new initial public offerings (IPOs) through CSE's Chittagong and Sylhet offices only. The CSE has taken the initiative in consultation with the Securities and...
FE ReportThe first vessel of MCC Transport, a regional feeder operator with 32 vessels covering 32 ports in greater China, South East Asia and South Asia, "M.V. Sezela," arrived at the Chittagong port Sunday. The vessel is expected to sail...
SHANGHAI, Oct 29 (AP): For 24 years, toy maker Yoshiritsu has resisted the pull to move to lower-cost China, sticking it out in more costly Japan to meet the exacting demands of its picky customers. But that strategy may be...
LONDON, Oct 29 (AFP): Europe's main stock markets sprang higher Monday, even as the euro and oil prices soared to new highs. "The markets have been remarkably resilient," said Mike Lenhoff, strategist at stockbrokers Brewin Dolphin. London's FTSE 100 index...
Dividends Rahim Textile: The board of directors of Rahim Textile has recommended 10 per cent cash dividend for the year 2006-2007. The annual general meeting (AGM) of the company will be held on December 18, '07. Time and venue of...
BAGHDAD, Oct 29 (Agencies): A suicide bomber on a bicycle blew himself up Monday among recruits gathered outside a police camp in Baqouba, northeast of Baghdad, killing at least 27 people and wounding 20, police and hospital officials saidn southern...
BUENOS AIRES, Oct 29 (Agencies): Argentina - President Nestor Kirchner and first lady Cristina Fernandez are poised to switch jobs in December, with partial results indicating Argentines elected a female president for the first time and launched their country's most...
WASHINGTON, Oct 29 (Agencies): A Muslim inmate says prisoners around the country are regularly mistreated by their jailers because of religious faith. The Supreme Court is considering his case Monday. The issue in the inmate's lawsuit is whether he can...
MINGORA, (Pakistan): (Agencies): Pakistani troops killed up to 60 Islamist militants during fierce fighting in the Swat valley in the country's northwest, the army said on Monday, while the insurgents called a truce to recover their dead and wounded. Troops...
TEHRAN, Oct 29 (REUTERS):Iran has access to evidence of US support for terrorist groups in the Middle East, a senior Iranian official was quoted as saying on Sunday. Iran's new chief nuclear negotiator, Saeed Jalili, made the allegation in comments...
French president walks out of US TV interview WASHINGTON, Oct 29: If French President Nicolas Sarkozy considers himself a big fan of the United States, he had no qualms about showing his prickly side in an interview with the top...
MYMENSINGH, Oct 29 (UNB): Speakers at a workshop stressed the need for strengthening publicity campaign in rural areas for sanitation and hygiene and intake of safe water to free the country from various diseases.Mass awareness is needed at every village...
Our CorrespondentCHITTAGONG, Oct 29: As part of the flourishing tourism industry in the port city, the Chittagong Development Authority (CDA) has planned to establish Big Deba, a lake at the city's Agrabad commercial area, as one of the modern recreation...
KURIGRAM, Oct 29 (UNB): When thousands of farmers are passing their days with great anxiety due to pest attack on their paddy field, some 2,652 farmers, who cultivated BRI-33 variety, are celebrating paddy harvest festival in the district. While visiting...
Bangladesh Army Chief General Moeen U Ahmed on a visit to Boston recently met Jack R Meyer, Chairman of the Board of the Asian University for Women Support Foundation and Senior Managing Partner & CEO of the hedge fund Convexity...
FE ReportStarwood Hotels and Resorts renewed their pledge to help children secure their rights through strengthening their ongoing partnership with UNICEF.It was stated at a press conference organised by the Dhaka Sheraton Hotel. It also focused on the Starwood Hotels...
FE ReportPolice is yet to nab the real culprits who chopped a noted journalist Shahed Zahidi on the city's Road No. 27 at 11m on September 27 last.Talking to the FE, Zahidi said a group of armed muggers chopped him...
Maswood Alam KhanPEACE has traditionally been viewed as absence of war and health absence of disease. Millions of people have died and megatons of money have been spent in fights against wars and diseases to convey peace and tranquility. Those...
Mohammad Farhad HossenTHE issue is not foreign direct investment (FDI), but finance for development. Whether FDI is a source of development finance -- and how significant it is -- is an open question. Sometimes the issue of FDI is presented...
THE unearthing of the underworld that led to the arrests of a number of criminals who were running a trade in drugs, sex and perversions, exploiting the youth of rich homes and inciting also the middle class ones in the...
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