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'Decline in export orders may cause slump in RMG sector'

2007-08-09 00:00:00

Our CorrespondentCHITTAGONG, Aug 8: In the context of gradual decline in export orders from abroad, the country's readymade garments (RMG) sector may experience a serious disaster in the coming days, sources said.It would eventually throw a huge number of workers...

PBL Shantinagar branch on new premises

2007-08-09 00:00:00

FE Report Shantinagar branch of the Pubali Bank Limited (PBL) has been shifted to new premises with a view to providing best and modern banking services. PBL Chairman Hafiz Ahmed Majumder inaugurated Wednesday the new premises in the city as...

BRAC staff contribute Tk 7.0m for relief operations

2007-08-09 00:00:00

FE ReportOver 44,000 members of BRAC regular staff from around the country have contributed Tk 7.0 million from their salary to BRAC's flood relief operations.BRAC has already distributed relief items worth Tk 24.8 million to more than 1.0 million flood...

Seed producers demand agri subsidy, bank loan

2007-08-09 00:00:00

Our CorrespondentNILPHAMARY, Aug 8: Registered seed producers of the northern region are producing high-yielding variety of paddy and seeds to ensure better agriculture production and to increase per hectare yield, sources said.But the producers are not being provided with agriculture...

Warid distributes flood relief in Manikganj

2007-08-09 00:00:00

FE ReportWarid Telecom Wednesday distributed relief materials among flood-affected people in Manikganj.A Warid Telecom team led by CEO Muneer Faruqui handed over relief materials to 500 flood-affected people who took shelter at temporary flood camps in Manikganj Model School, Manikganj...

Maroof joins City Bank as head of treasury

2007-08-09 00:00:00

FE ReportSheikh Mohammad Maroof has joined The City Bank Limited as EVP and head of treasury and market risk. Prior to joining The City Bank, Maroof worked in American Express Bank (AMEX) and Eastern Bank Ltd (EBL). He joined AMEX...

President for integrated planning to assuage sufferings of flood victims

2007-08-09 00:00:00

SHARIATPUR, Aug 8 (UNB): President Iajuddin Ahmed Wednesday said there should be effective coordination in relief operations and any other initiatives to be taken to assuage the sufferings of the flood victims."All the initiatives, including relief operation, to be taken...

Steps to be taken to cushion flood's severity in future: CA

2007-08-09 00:00:00

Chief Adviser (CA) Fakhruddin Ahmed Wednesday said the government would start constructing and reconstructing various embankments and improving the water drainage system as soon as the ravaging flood was over to minimise its future intensity and damage caused by it,...

Dhaka-Beijing for further cooperation in agri-sector

2007-08-09 00:00:00

Dhaka and Beijing have agreed to boost technical cooperation in developing and inventing hybrid paddy and using farming machinery, reports BSS.The agreement was reached at the first meeting of Bangladesh- China Joint Committee on Agriculture at the conference room of...

DSE donates Tk 2m to CA Relief Fund

2007-08-09 00:00:00

FE ReportDhaka Stock Exchange (DSE) donated Tk 2.0 million to the Chief Adviser's Flood Relief Fund Wednesday.DSE President Abdullah Bokhari and its chief executive officer Salahuddin Ahmed Khan handed over the cheque to Chief Adviser Fakhruddin Ahmed at the latter's...

NU donation for flood victims

2007-08-09 00:00:00

The National University (NU) authorities have decided to donate one day's salary of its teachers, officials and employees to the chief adviser's relief fund for the flood affected people, reports UNB.The cheque of the donated money will be handed over...

Fatema Iqbal Trust Fund formed at DU

2007-08-09 00:00:00

DU CorrespondentA 'Fatema Iqbal Trust Fund' has been formed for the welfare of female students of Dhaka University's Shamsunnahar Hall with the donation of Tk one million by late Fatema's father Nazmul Huda.Nazmul Huda handed over the cheque for the...

Chinese military team arrives in city

2007-08-09 00:00:00

A 12-member Chinese military delegation led by General Chen Bingde arrived in the city Wednesday on a four-day visit to Bangladesh, reports BSS.Chief of Naval Staff Vice Admiral Sarwar Jahan Nizam and Ambassador of China to Bangladesh received them at...

Rita's Qul-khwani Friday

2007-08-09 00:00:00

Qul-khwani of Rita Ahmed, wife of journalist Shehab Uddin Ahmed Nafa, will be held at the resident of the deceased at 63 Laboratory Road (opposite to Coffee House), New Elephant Road in the city after Asr prayers Friday, reports BSS.Relatives,...

EC reaffirms to work for indigenous people

2007-08-09 00:00:00

European Commissioner for External Relations Benita Ferrero-Waldner has reaffirmed the Commission's unwavering commitment to support indigenous people all over the world, including Bangladesh, reports UNB. "Climate change poses a particular threat to populations whose relationship to the earth and natural...

Supreme Court ends second day of Bangabandhu case hearing

2007-08-09 00:00:00

The Supreme Court wrapped up the second day of a hearing on a series of appeals in the Bangabandhu murder case Wednesday. The proceedings of the landmark case continue Thursday, reports bdnews24.com. An Appellate Division bench of Justice Tafazzal Islam,...

EU ready to help Bangladesh to overcome flood situation

2007-08-09 00:00:00

The European Union said Wednesday they are ready to help Bangladesh in whatever way they can to overcome the current flood and its aftermath, reports UNB.The assurance was made by a EU delegation, led by Ambassador of the Netherlands Kees...

Case filed against 23 AL workers, including 10 expatriates

2007-08-09 00:00:00

SYLHET, Aug 8 (UNB): A case was filed against 23 Awami League activists, including 10 expatriates, for violating the emergency power rules.SI of Kotwali thana Abdul Hamid filed the case against the AL men Tuesday, three months after joint forces...

A finance-savvy consumer's take on credit cards !

2007-08-09 00:00:00

Ershad Khandker CREDIT Cards used to be a status symbol when a middle aged man of today was young which was five years before today , in the fanciful mind of a middle aged man ! However the fact is,...

The first credit card was issued in 1951

2007-08-09 00:00:00

Taskin RahmanCredit was first used in Assyria, Babylon and Egypt 3000 years ago. The bill of exchange - the forerunner of banknotes - was established in the 14th century. Debts were settled by one-third cash and two-thirds bill of exchange....

Bank Asia credit cards: Your personal teller

2007-08-09 00:00:00

FE ReportBANK Asia Limited started its service almost a decade back in 1999 with a vision to serve people with modern and innovative banking products and services at affordable charge. Being parallel to the cutting edge technology the Bank is...

EBL credit card speaks customer's language

2007-08-09 00:00:00

FE ReportAli Reza Iftekhar is in helm of the Eastern Bank Limited as Managing Director -- Current Charge. Eastern Bank Limited (EBL) is one of the modern, fully online and technologically superior private commercial Banks in Bangladesh. EBL markets a...

AB Bank planning network of ATMs and Pos

2007-08-09 00:00:00

FE ReportAB Bank Ltd. And Euronet Worldwide have expressed their intention to work towards a nationwide network of ATM's and PO's (Point of Sales) devices and provide land management service for debit, prepaid and credit to the banks and their...

Six characteristics of highly profitable card business

2007-08-09 00:00:00

Mr. Iqbal HossainELECTRONIC payment industry is stepping into maturity in Bangladesh. Banks are now more focused on investing in card business either in the form of debit card and/or credit card; independent processing or processing though third party. In whatever...

$45m siphoned off from Biman's coffer in 5 yrs thru’ aircraft lease: TIB

2007-08-09 00:00:00

FE ReportThe Biman authorities siphoned off an estimated US$45 million in aircraft lease alone in the last five years, causing a perennial financial haemorrhage to the national airlines, says Transparency International, Bangladesh (TIB).But managing director of the renamed Bangladesh Airlines...

Floods, price hike and hoarding

2007-08-09 00:00:00

Shahiduzzaman KhanDevastating floods are now raging through the country. It is natural that during the floods and post-flood period, prices of essential commodities shoot up and hoarders stock these items to create artificial crisis for netting windfall profits.In order to...

Flood situation improves in nine dists

2007-08-09 00:00:00

Rescue officials counted 28 more bodies to take the death toll to 192 until Wednesday morning from the current floods that played havoc with half the country since mid-July, reports UNB.The death toll was 164 till Tuesday morning, according to...

Donors to help govt recover from flood losses

2007-08-09 00:00:00

FE ReportThe country's bilateral and multilateral donors have assured the government of support in its efforts to recover from the losses caused by the floods now sweeping the country.At a donor-government meeting Wednesday, some development partners made instant commitment of...

Khaleda's visit to flood-hit dists uncertain

2007-08-09 00:00:00

Former premier and BNP chairperson Khaleda Zia has planned to visit flood-hit Sirajganj and Tangail districts Saturday, report agencies."She, along with her entourage, would leave her residence at 7.0am in a motorcade for Sirajganj," said a party announcement Wednesday.ASM Hannan...

Central bank suggests actions to tame soaring inflation

2007-08-09 00:00:00

Shakhawat Hossain The Bangladesh Bank has put forward about half a dozen recommendations, including improvement of revenue generation, to check inflation that has almost soared to double-digit mark, official source said. The central bank has also requested the government to...