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Malaysian palm oil earnings to hit record in 2007

2007-09-17 00:00:00

KUALA LUMPUR, Sept 16 (AFP): The value of Malaysia's palm oil exports is expected to reach a record high this year thanks to strong worldwide demand fuelled by the boom in biofuels, a report said today. Plantation Industries and Commodities...

South African govt threatens to take land from "abusive" farmers

2007-09-17 00:00:00

JOHANNESBURG, Sept 16 (AFP): South Africa's agriculture ministry caused a flurry of disquiet among the country's farmers this week by threatening those who mistreat their workers with land expropriation. "We are obviously disturbed by the persistent reports of abuses on...

Sky wars over Vietnam aircraft market

2007-09-17 00:00:00

HANOI, Sept 16 (AFP): Aircraft giants Boeing and Airbus are competing to sell their new jetliners to Vietnam while Bombardier of Canada is also fighting for a slice of the fast- growing market. Air travel is taking off in the...

South Asia slow to hop on broadband bandwagon

2007-09-17 00:00:00

COLOMBO, Sept 16 (AFP): Home to some 1.5 billion people, South Asia is paying a high price to access the Internet as service providers have been slow to deliver cheaper broadband connections, analysts say. The region has embraced telephones, mobile...

Coca Cola expects China to be its largest market

2007-09-17 00:00:00

BEIJING, Sept 16 (PTI): Soft drinks giant, Coca Cola expects China, which has 37 bottling plants currently, to be its largest market, a top executive has said. "China is currently our fourth largest market, but I hope it could become...

Revenue earnings from Sonamasjid landport fall

2007-09-17 00:00:00

Our CorrespondentRAJSHAHI, Sept 16: The revenue earnings from Sonamasjid land port has decreased drastically due to fall in import of fruits through this port.While visiting Sonamasjid recently, this correspondent found that fruit importers are abandoning this port and using the...

AB Bank signs electronic fund transfer deal with US co

2007-09-17 00:00:00

FE ReportAB Bank Ltd has recently signed an electronic fund transfer (EFT) agreement with Ria Financial Services, a US-based money transfer company. Ria Financial Services is the third largest money transfer company in the world having a network of over...

Pubali Bank participates in Bangladesh Single Country Trade Fair in Jeddah

2007-09-17 00:00:00

FE ReportPubali Bank Ltd (PBL) has participated in the 2nd Bangladesh Single Country Trade Fair in Jeddah of the KSA recently. Consul General of Bangladesh Consulate at Jeddah Md Ali Akber, OIC Director General and ex-foreign secretary Hemayet Uddin, ex-secretary...

EBL launches SME loans

2007-09-17 00:00:00

FE ReportEastern Bank Ltd has launched a new loan product named "EBL Agreem" under its SME banking. Small and medium business enterprises shall be able to avail this short-term loan facility for meeting their immediate working capital needs.The special features...

Toll-free mkts set up in Thakurgaon

2007-09-17 00:00:00

THAKURGAON, Sept 16 (BSS): The district administration and the joint forces have jointly set up some toll-free markets in different places of the district to arrest hike in prices of essentials.A survey conducted to find out reasons behind the price...

ILFSL share trading starts

2007-09-17 00:00:00

FE ReportThe debut share trading of International Leasing and Financial Services Ltd (ILFSL) started off in Dhaka Stock Exchange (DSE) Ltd Sunday.A signing ceremony was held at DSE office between ILFSL and DSE for listing of the company's shares on...

Prime Bank R&D unit organises group discussion

2007-09-17 00:00:00

FE ReportHighlighting women's access to financial services, the Research and Development (R&D) Unit of Prime Bank Ltd organised a focus group discussion at the bank's conference room in the city recently, said a press release. Representatives from different women segments...

Teletalk holds second AGM

2007-09-17 00:00:00

FE ReportThe second annual general meeting (AGM) of Teletalk Bangladesh Ltd was held in the city recently. Chairman of the company Shaikh Khurshid Alam presided over the AGM.The audited financial statements for the year ended on 31 December, 2006 and...

CMP urges local mkts to avoid additional lighting

2007-09-17 00:00:00

Our CorrespondentCHITTAGONG, Sep 16: Chittagong Metropolitan Police (CMP) Commissioner Moinur Rahman Chowdhury has called upon the local business leaders to avoid using additional decorative lighting in the local markets and shopping centres during the month of Ramadan due to load-shedding....

Lack of policy costs govt huge revenue

2007-09-17 00:00:00

Our CorrespondentRAJSHAHI, Sept 16: Government is being deprived of Tk 3.5 million per month in revenue as no provision has been made for loading and unloading of goods on the trains while renovating the Rajshahi railway station after demolishing the...

Warid Telecom reaches 51 dists

2007-09-17 00:00:00

FE ReportWarid Telecom has expanded its network to eight more districts raising number of districts under Warid coverage to 51, said a press release.With the latest expansion, Warid Telecom has brought 80 per cent of Bangladesh under its strong network....

Mostafa Group launches 10 litre containers of soybean oil

2007-09-17 00:00:00

Our CorrespondentCHITTAGONG, Sept 16: Mostafa Group of Industries has taken an initiative to market its soybean oil in 10 litre containers to bring greater befits to the buyers of edible oil.The Director and Chief Executive of Mostafa Group of Industries...

Green Delta Ins holds interim business conference-07

2007-09-17 00:00:00

FE ReportInterim, business conference-2007 of Green Delta Insurance Company Ltd held in the city recently. Chairman of the company Kabir H Chowdhury inaugurated the conference as the chief guest. Managing Director of the company Nasir A Choudhury presided over the...

Ministry of Commerce signs deal with UK-based CIMA to strengthen ICMAB

2007-09-17 00:00:00

FE ReportMinistry of Commerce has signed an agreement with the UK-based Chartered Institute of Management Accountants (CIMA) in the city recently for strengthening the capacity of the Institute of Cost and Management Accountants of Bangladesh (ICMAB) under a World Bank-financed...

Green Delta Ins holds interim business conference-07

2007-09-17 00:00:00

FE ReportInterim, business conference-2007 of Green Delta Insurance Company Ltd held in the city recently. Chairman of the company Kabir H Chowdhury inaugurated the conference as the chief guest. Managing Director of the company Nasir A Choudhury presided over the...

Premier Bank holds workshop

2007-09-17 00:00:00

FE ReportThe Premier Bank Ltd organised a workshop titled 'Outward Remittance and Reporting to Bangladesh Bank' in the city Saturday. Abu Haniff Khan, managing director (MD) of the bank, inaugurated the workshop as the chief guest at the bank's head...

Indian shares to hit record high if Fed cuts rates

2007-09-17 00:00:00

MUMBAI, Sept 16 (AFP): Indian share prices could hit a record high this week if the US Federal Reserve opts to cut rates at its monetary policy meeting, dealers said Friday. For the week to September 14, the Mumbai stock...

corporatewatch

2007-09-17 00:00:00

ICB recommends 14pc dividend The board of directors of Investment Corporation of Bangladesh (ICB) has recommended 14 per cent cash dividend for the shareholders of ICB for the year 2006-2007. The annual general meeting (AGM) of the company will be...

Protestors in Washington demand end to Iraq war,190 arrested

2007-09-17 00:00:00

WASHINGTON, Sept 16 (AFP): Thousands of angry protestors including the families of dead US soldiers marched in Washington Saturday demanding an end to the war in Iraq, the return of US troops, and the impeachment of President George W. Bush....

15 killed in Iraq violence

2007-09-17 00:00:00

BAGHDAD, Sept 16 (AFP): At least 15 people were killed in bombings and gunbattles in Iraq on Sunday as the death toll rose to 44 in violence since the start of Ramadan, which Al-Qaeda warned would be bloody. In the...

Pakistan amends rules for Musharraf re-election

2007-09-17 00:00:00

ISLAMABAD, Sep 16 (IANS): The Election Commission of Pakistan has amended the rules governing presidential candidates to pave the way for Pervez Musharraf's re-election as president for five more years, a minister said Sunday. 'The Chief Election Commissioner (CEC) has...

10 more die in northeast India floods

2007-09-17 00:00:00

GUWAHATI, (India), Sept 16 (AFP): Ten more people died overnight in India's Assam state, as the death toll from floods across South Asia continued to mount with millions of people displaced, officials said Sunday. Large swathes of Assam continued to...

Greece heads to the polls under pall of fire tragedy

2007-09-17 00:00:00

ATHENS, Sept 16 (AFP): Nearly ten million Greeks were to vote today for a new government in general elections held in the aftermath of a national fire tragedy which cast a pall on the entire campaign. After one of the...

Angry mourners chase away Pakistani officials

2007-09-17 00:00:00

PESHAWAR, Sept 16 (AFP): A chanting throng of more than 100,000 mourners chased away senior Pakistani officials from the funeral of a leading pro-Taliban cleric, police and witnesses said. They hurled shoes at government officials who tried to enter the...

Iran sees progress in Russia nuclear talks

2007-09-17 00:00:00

TEHRAN, Sept 16 (AFP): Foreign Minister Manouchehr Mottaki said talks with Russia over the much delayed completion of Iran's first nuclear power station are making progress, the official IRNA news agency reported on Sunday. "The question of the Bushehr nuclear...