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Oil prices slide further in Asian trade

2007-07-25 00:00:00

SINGAPORE, July 24 (AFP): Oil prices slipped further in Asian trade today on profit-taking as the market anticipated a build in US gasoline (petrol) stocks, dealers said. New York's main oil futures contract, light sweet crude for delivery in September,...

Indonesian biofuel industry attracts foreign investment

2007-07-25 00:00:00

JAKARTA, July 24 (Xinhua): More overseas firms are showing interest in developing the bioenergy sector in Indonesia, which has secured investment commitment to some 17.7 billion U.S. dollars, local press said today. British oil giant BP Plc. and its partner...

Dollar hits two-month low against yen on US concerns

2007-07-25 00:00:00

TOKYO, July 24 (AFP): The dollar hit a two-month low against the yen and traded close to its record trough versus the euro in Asian trade today as the health of the US economy remained the market's biggest worry, dealers...

China's mobile subscribers exceed 500m

2007-07-25 00:00:00

BEIJING, July 24 (CEIS): The Ministry of Information Industry ( MII) announced yesterday that the number of China's mobile phone users had reached 501.64 million by the end of June, which means every 100 Chinese people had 38.3 handsets. Official...

Paulson backs strong dollar, plays down housing woes

2007-07-25 00:00:00

WASHINGTON, July 24 (AFP): Treasury Secretary Henry Paulson expressed confidence yesterday in the dollar's prospects despite new highs notched up by the euro against the US currency. In an interview with the CNBC financial news network, Paulson also predicted that...

World's largest uranium deposit could light up Paris

2007-07-25 00:00:00

MCCLEAN LAKE, Canada, July 24 (AFP): Hidden in Canada's northern Boreal Forest, amongst hundreds of wild rivers and lakes, the McClean Lake uranium mine produces enough ore to light up Paris. Day and night, massive trucks and mechanical shovels shake...

Indonesia, South Korea set to sign huge energy deals

2007-07-25 00:00:00

SEOUL, July 24 (AFP): Indonesian President Susilo Bambang Yudhoyono was to hold a summit with his South Korean counterpart Roh Moo-Hyun today, on the first full day of a visit expected to seal huge energy deals. Yudhoyono will witness the...

Tk 250m sugar lies unsold in Panchagarh Sugar Mill

2007-07-25 00:00:00

Our CorrespondentNILPHAMARI, Jul 24: Panchagarh sugar mill crushed one lakh 37 thousand 982 metric tonnes sugar cane to produce 10,266 metric tonnes of sugar. Last years unsold stock of sugar was 1330 metric tonnes in the just concluded season of...

ABBL extends credit facility to LankaBangla Finance

2007-07-25 00:00:00

FE ReportArab Bangladesh Bank Limited (ABBL) has extended a credit facility to LankaBangla Finance Limited (LBFL) for financing its business activities. ABBL Managing Director and President Kaiser A Chowdhury and LBFL Managing Director Mafizuddin Sarker signed the agreement on behalf...

BTRC directive: Warid launches awareness campaign

2007-07-25 00:00:00

FE ReportWarid Telecom has launched a countrywide awareness campaign to implement the Bangladesh Telecommunication Regulatory Commission's (BTRC) directives on subscriber registration.BTRC has made it mandatory for the mobile companies to collect two passport-size photographs, identity certificate and other necessary documents...

FBCCI delegation off to Australia to attend CACCI council

2007-07-25 00:00:00

A business delegation of the Federation of Bangladesh Chambers of Commerce and Industry (BFCCI) left Dhaka for Australia Monday to attend the 73rd Council meeting of the Confederation of Asia Pacific Chambers of Commerce and Industry (CACCI).The meeting will be...

Meeting of Shariah Adisory Board of ICB AMCL Islamic Mutual Fund held

2007-07-25 00:00:00

FE ReportA meeting of the Shariah Adisory Board of ICB AMCL Islamic Mutual Fund was held at its head office in the city recently, said a press release. The meeting was presided over by Chairman of the Shariah Advisory Board...

DBBL bags Southern University CSR Award '07

2007-07-25 00:00:00

FE ReportDutch-Bangla Bank Limited (DBBL) has won the Southern University (SU) 1st CSR Award - 2007 for its outstanding performance in discharging corporate social responsibility (CSR) since its inception. DBBL Managing Director Md Yeasin Ali received the award from National...

Workshop on loan syndication ends

2007-07-25 00:00:00

FE Report A two-day workshop on 'Loan Syndication' organised by Education Excellence, a consulting, education and communication firm, ended in the capital on Sunday, said a press release.A total of 46 senior bankers from public and private sectors working or...

Eastern University holds seminar

2007-07-25 00:00:00

FE ReportBusiness Administration Faculty of Eastern University organised a seminar on 'Services: The Next Frontier' at the university auditorium in the city recently.Syed Saad Andeleeb, Professor of Pennsylvania State University, USA, spoke on how to improve service for customers.

Sanofi-aventis, Protishabda sign deal

2007-07-25 00:00:00

FE ReportAn agreement was signed between sanofi-aventis Bangladesh, the largest global pharmaceutical company of the country, and Protishabda Communications, a leading advertising agency, in the city Monday. Under the deal, Protishabda Communications will carry out all kinds of advertising activities...

B'baria customs, excise, VAT dept realises Tk 134.18m revenue

2007-07-25 00:00:00

Our CorrespondentBRAHMANBARIA, July 24: The officials and employees of customs, excise and VAT departments of Brahmanbaria district realised a record amount of Tk 134.18 million (Tk 13.41 crore) revenue in 2006-2007 financial year.The B'baria district comprises Sarail, Nasirnagar, Ashuganj, Akha...

Countywide fish fairs begin

2007-07-25 00:00:00

Fish fairs started throughout the country to observe the 'Native Fish Conservation and Extension Campaign Fortnight-2007' programme launched by the Department of Fisheries (DoF), reports BSS. In Rajshahi, a seven-day Divisional Fish Fair- 2007 began on the Fisheries Building premises...

Indian shares extend record run, Karachi down

2007-07-25 00:00:00

MUMBAI, July 24 (Reuters): Indian shares hit their 14th record high in 17 sessions Tuesday before closing up 0.40 per cent, driven by strong investor interest in technology and engineering and construction issues. The 30-issue BSE index ended 62.72 points...

ONE Bank holds branch managers' conference

2007-07-25 00:00:00

FE ReportONE Bank Limited held its 12th branch managers' conference in the city recently.Managing Director of the bank Farman R Chowdhury and Chief Consultant Mirza Ejaz Ahmed were present at the conference. All divisional/departmental heads of corporate headquarters were also...

Presidency University launches training for business community

2007-07-25 00:00:00

A five-week training programme on "Effective Business Correspondence in English" has been launched at Presidency University in the city recently, said a press release. It has been organised by professional development programme unit of Moazzam Hossain School of Business of...

Global Ins holds half-yearly branch managers' confce

2007-07-25 00:00:00

FE ReportGlobal Insurance Ltd has held the half-yearly conference of its branch managers and executives at a city restaurant recently, said a press release.Chairman of audit committee Mohd Selim, Director and founder chairman Mubasshar Hussain, directors M Amanullah and Syed...

Acute seed crisis hits Aman farming

2007-07-25 00:00:00

Our CorrespondentSIRAJGANJ, Jul 24: Acute seed crisis is seriously hampering Aman cultivation in the district, sources said. In the situation, the farmers are passing their days in utter frustration because they have not yet been able to prepare their land...

European stocks drop

2007-07-25 00:00:00

LONDON, July 24 (AFP): Europe's main stock markets fell Tuesday amid mixed corporate earnings news, and despite a rise by Wall Street overnight. In early afternoon trade, London's FTSE 100 index of leading shares fell by 0.84 per cent to...

corporatewatch

2007-07-25 00:00:00

SIBL EGM on Sept 10An extraordinary general meeting (EGM) of Social Investment Bank Limited (SIBL) will be held at 10am on September 10, '07 to amend the memorandum and articles of association of the bank for changing the denomination of...

BedZED - redefining the way people should live

2007-07-25 00:00:00

Petre WilliamsNestled inside Sutton, Surrey in the United Kingdom is a housing development that represents what is perhaps the western world's best example of a low energy, eco-friendly community.Aptly named Beddington Zero (Fossil) Energy Development (BedZED), the £15-million housing scheme...

Global real estate transactions hit record $600 billion

2007-07-25 00:00:00

US, Australian and Middle Eastern investors were the most prominent private capital investors into the global real estate market in 2006, whose emergence as a mainstream global asset class was further confirmed. According the latest report by UK-based international property...

Getting to know the rods

2007-07-25 00:00:00

Steel is an integral part of construction. But many people are not aware about the kind of steel that needs to be used for it. The layman only knows that it should be 'good' steel. While branded items are flourishing...

Flood plain housing plan 'is madness'

2007-07-25 00:00:00

Plans for a housing development in West Yorkshire on land prone to flooding have been branded as "madness" by an MP.Residents in Otley have formed a campaign group to oppose plans for 60 new town houses and apartments at the...

Half the world's population will live in cities next year, UN report says

2007-07-25 00:00:00

By next year, more than half the world's population, or about 3.3 billion people, will live in towns and cities, a number expected to swell to almost 5 billion by 2030, according to a United Nations Population Fund report released...