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Prime Ins Co holds AGM

2007-09-02 00:00:00

FE ReportPrime Insurance Co Ltd held its 11th annual general meeting (AGM) at the Bangladesh Institute of Administration and Management (BIAM) in the city Thursday, said a press release. Vice-chairman of the company's board of directors Ferdous Amin presided over...

Dollar recoups losses

2007-09-02 00:00:00

NEW YORK, Sept (AFP): The dollar rebounded from early losses yesterday as investors parsed comments by Federal Reserve chairman Ben Bernanke and saw a reduced sense of urgency in cutting US interest rates. The euro fetched 1.3623 dollars, compared with...

India’s inflation 15-month low at 3.94

2007-09-02 00:00:00

NEW DELHI, Sept 1 (PTI): Inflation declined to below four per cent for the first time in more than 15 months to touch 3.94 per cent for the week ended August 18, much less than the Reserve Bank's projection for...

Myanmar railroads increase by 59 pc in past 20 years

2007-09-02 00:00:00

YANGON, Sept 1 (Xinhua): The length of railroads and rail tracks in Myanmar has extended up to 5,031.29 km and 6,549.26 km now, increasing 59 per cent and 46 per cent respectively in the past 20 years, according to Saturday's...

Youngone providing health services to flood-hit people

2007-09-02 00:00:00

FE ReportYoungone has mobilised its own doctors, nurses and paramedics to provide emergency health services to the flood-affected people around the Dhaka Export Processing Zone (DEPZ) area. Earlier, Youngone, the country's biggest multi-national company in the ready-made garment sector (RMG),...

Oil prices rise

2007-09-02 00:00:00

NEW YORK, Sept 1 (AFP): World oil prices climbed yesterday as a storm threatened Gulf of Mexico energy installations ahead of a long holiday weekend in the United States, while US stockpiles remained tight. New York's main futures contract, light...

Govt urged to hire two big aircraft for manpower export

2007-09-02 00:00:00

DU CorrespondentThe Association of Travel Agents of Bangladesh (ATAB) urged the government to hire at least two big aircraft immediately to meet the acute seat crisis of the existing airlines to meet the threat to manpower exports of the country."The...

IBBL approves 15pc cash, 10pc stock dividends

2007-09-02 00:00:00

Islami Bank Bangladesh Limited (IBBL) approved 15 per cent cash and 10per cent stock dividends for its shareholders for the year 2006, said a press release.The dividends were approved in the 24th annual general meeting held Friday in the city....

Skilled leadership to guide businesses stressed

2007-09-02 00:00:00

FE ReportDirector of Dhaka Chamber of Commerce and Industry (DCCI) MA Momen laid emphasis on having proper knowledge of leadership for heading the business organisations in the fierce competition of the post-MFA era. He was speaking at the certificate giving...

Emirates unveils special Ramadan offers

2007-09-02 00:00:00

FE ReportEmirates Airline passengers, while flying to Dubai during the holy month of Ramadan, can take advantage of accommodation-only specials, starting from as little as US$131.The attractive offers, valid between 12th September and 12th October 2007, will be managed by...

Peril of price-hike spreads in port city

2007-09-02 00:00:00

Our CorrespondentCHITTAGONG, Sept 1: Peril of price-hike has spread in the port city due to the abnormal rise in prices of rice and other essential commodities.Under the situation, the consumers, specially the people of lower income group, have been the...

Akhaura Landport posts record revenue earnings

2007-09-02 00:00:00

Our CorrespondentBRAHMANBARIA, Sept 01: Akhaura landport of the district realised a record revenue of more than Tk 13.12 million in the financial year of 2006-2007.The landport realised the amount of revenue from export and import of goods.Of the total, the...

Creative Paper Mills to get Tk 989m syndicated loan

2007-09-02 00:00:00

A signing ceremony for syndicated multi credit facility of Tk 989 million in favour of Creative Paper Mills Ltd organised by the Dhaka Bank was held at a city hotel recently, said a press release. The proposed project is a...

Southeast Bank holds half-yearly managers' confce

2007-09-02 00:00:00

The half-yearly Managers' Conference-2007 of Southeast Bank Limited was held in the city recently, said a press release. Managing Director of the bank Neaz Ahmed inaugurated the conference and conducted its business session as the chief guest. The senior executives...

Trade deficit hits record high

2007-09-02 00:00:00

Trade deficit has reached an 11-year high of US$3,458 million in fiscal 2006-07, amid a fall in the growth of export earnings against increasing import payments, reports bdnews24.com. The increase in trade deficit coupled with a fall in export growth...

Greenback gains ground against BDT

2007-09-02 00:00:00

Sarwar Zahan US dollar gained ground against Bangladesh taka (BDT) last week in spite of a stable demand for the greenback, fund managers said. The exchange rate of the greenback fluctuated between Tk 68.60 and Tk 68.70 against the previous...

Asian stocks gain

2007-09-02 00:00:00

HONG KONG, Sept 1 (AFP): Asian stock markets gained sharply Friday after a report the United States will launch a plan to nurse the ailing housing sector, with technology stocks rising on strong earnings news.Bucking a sluggish performance overnight on...

IBBL re-elects Zaher chairman, Al-Rajhi, Zainul vice chairmen

2007-09-02 00:00:00

FE ReportAbu Nasser Muhammad Abduz Zaher has been re-elected chairman and Yousif Abdulla Al-Rajhi and Zainul Abedin were re-elected vice chairmen of Islami Bank Bangladesh Limited. The election was held during the meeting of board of directors of the bank...

Musharraf's allies question deal with Bhutto

2007-09-02 00:00:00

ISLAMABAD, Sept 1 (Agencies): Allies of Pakistan's President Pervez Musharraf have raised objections to a power-sharing deal he is negotiating with former Prime Minister Benazir Bhutto, casting fresh doubt on the future of the embattled president. With his term coming...

Red wine could fend off prostate cancer

2007-09-02 00:00:00

WASHINGTON, Sep 1 (AFP): Drinking a glass or two of red wine could help reduce the risk of men developing prostate cancer, a study published in the United States showed Friday. Researchers at the University of Alabama at Birmingham (UAB)...

Civilian deaths in Iraq up in August

2007-09-02 00:00:00

BAGHDAD, Sept 1 (AFP): At least 1,771 civilians were killed in Iraq in August, up seven percent on the previous month, according to figures compiled by three Iraqi ministries and seen by AFP.August's toll is significantly higher than the number...

Indian woman hurt as Nokia phone battery explodes

2007-09-02 00:00:00

KOLKATA, (India), Sept 1 (AFP): A pregnant woman suffered burns in eastern India after the battery of her Nokia mobile phone exploded minutes after she put the handset on charge, police said Saturday. The Finnish phone maker warned last month...

India bomb blast kills one, injures 12

2007-09-02 00:00:00

GUWAHATI, (India) Sept 1 (AFP): A powerful explosion at a busy market killed one person and wounded 12, four of them critically, in India's revolt-hit northeast, police said Saturday. Police blamed the blast on the outlawed United Liberation Front of...

60 militants killed in Afghanistan

2007-09-02 00:00:00

KABUL, Sept 1 (AFP): Ground fighting and air strikes killed almost 60 insurgents near a Taliban stronghold in southern Afghanistan that has seen days of heavy fighting, the US-led counterterrorism force said today. Attack aircraft were called in after insurgents...

Suicide attack kills five Pak soldier

2007-09-02 00:00:00

BAJAUR, (Pakistan), Sept 1 (AFP): A suicide bomber rammed his explosives-filled car into a paramilitary vehicle in a Pakistani tribal region Saturday, killing five soldiers and two civilians, officials said. Panicked soldiers then opened fire killing two civilians on a...

news digest

2007-09-02 00:00:00

Two killed in Sri Lanka artillery clash COLOMBO, Sept 1: BSS/AFP) - At least two people died and more were wounded in an exchange of artillery fire between Sri Lankan troops and Tamil rebels in the island's northwest, guerrillas and...

Bangladesh beat Kenya by 5 wickets

2007-09-02 00:00:00

Two fine knocks by debutantes Nazimuddin and skipper Mohammad Ashraful steered Bangladesh to a five-wicket victory over Kenya with 14 balls to spare in the four-nation Twenty20 Cricket tournament at the Gymkhana Club Ground in Nairobi today (Saturday), reports UNB.After...

Bangladesh suffer 0-6 defeat against China

2007-09-02 00:00:00

Bangladesh suffered a huge 0-6 goals defeat against China in their second group B match of the 7th Men's Asia Cup Hockey in the southern Indian city of Chennai Saturday, reports UNB.Earlier, on Friday, Bangladesh made a dream start in...

Serena wins after reprimand for reading

2007-09-02 00:00:00

NEW YORK, Sept 1 (AP): Some players tap their toes during changeovers, others scan the crowd or close their eyes. Serena Williams does something different. She likes to read. Sticking to habit, Williams pulled out her pink notebook for a...

Flintoff in doubt for fifth one-dayer

2007-09-02 00:00:00

Andrew Flintoff has given England further cause for concern ahead of the fifth one-dayer at Headingley after reporting "soreness" in his troublesome left ankle, reports Cricinfo."Freddie's got a little bit of soreness in his ankle again," Paul Collingwood, his captain,...