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Government to procure rice, urea to tackle post-flood exigencies

2007-08-17 00:00:00

The government will purchase 48,000 tonnes of rice from local suppliers under a contingency measure to avert any food crisis in the flood aftermath, reports UNB.In order to support massive farming activities under a post-flood recovery plan, the government decided...

Stock prices bounce back on DSE

2007-08-17 00:00:00

FE ReportThe stock prices bounced back on the Dhaka Stock Exchange (DSE) recently with injection of fresh funds having been diverted from the gilt-edged securities on which the government imposed 10 per cent tax at source.According to stock market sources,...

Experts favour tapping potential of coal reserve to ensure energy security

2007-08-17 00:00:00

FE ReportSpeakers at a roundtable Thursday underscored the necessity of tapping the potential of the country's coal reserve to ensure the energy security in the coming years.They also favoured adopting a suitable mining method - be it open-pit or underground...

Global stock slide continues

2007-08-17 00:00:00

TOKYO, Aug 16(AP): Asian stocks hit their lowest levels in months Thursday - and European stocks followed in early trade - battered by persistent anxiety over US housing loan problems and potential damage to global financial markets. The benchmark Nikkei...

ACC yet to file FIR against Tarique

2007-08-17 00:00:00

About three weeks have passed since submission of the inquiry report recommending filing of FIR against detained BNP senior joint secretary general Tarique Rahman, but the Anti-Corruption Commission (ACC) is yet to take any decision about it, reports UNB.ACC Deputy...

200 dead in Iraq blasts, deputy oil minister kidnapped

2007-08-16 00:00:00

BAGHDAD, Aug 15 (AP): Rescuers dug through the muddy wreckage of collapsed clay houses in northwest Iraq Wednesday, uncovering victims of four suicide bombings that Iraqi officials said killed at least 200 people in one of the worst attacks of...

US to scrap nuclear deal if India tests weapons

2007-08-16 00:00:00

WASHINGTON, Aug 15 (AFP): The United States will scrap a landmark nuclear deal with India if New Delhi conducts an atomic weapons test, the State Department said Tuesday. The statement came as the two governments gave different interpretations of the...

Explosion in Afghanistan kills three Germans

2007-08-16 00:00:00

BAGRAMI, Afghanistan, AUG 15 (AP): An explosion near a two-vehicle convoy killed three German nationals Wednesday on the outskirts of the Afghan capital, police officials said.Kabul deputy police chief Zalmay Khan said three German soldiers were killed in the blast,...

6 Palestinians killed, 26 wounded in Israeli raids

2007-08-16 00:00:00

GAZA CITY, AUG 15 (AP): Israeli aircraft attacked Islamic militants in the southern Gaza Strip and ground troops clashed with fighters in a daylong raid against suspected extremists. Four fighters and two civilians died in the clashes Tuesday and 26...

Lankan skirmishes kill ten

2007-08-16 00:00:00

COLOMBO, Aug 15 (AFP): At least nine Tamil Tiger rebels and a government soldier were killed in sporadic clashes in northern Sri Lanka, the defence ministry said Wednesday. Six of the rebels were killed along a de facto border separating...

Strike shuts Muslim Kashmir on India's Independence Day

2007-08-16 00:00:00

SRINAGAR, Aug 15 (AFP): A separatist-led strike paralysed life in revolt-hit Kashmir on India's Independence Day Wednesday, police said, as troops deployed against rebel attacks. The strike, sponsored by both hardline and moderate factions of the state's separatist alliance, cleared...

N Korea floods kill at least 200

2007-08-16 00:00:00

SEOUL, AUG 15 (AP): Torrential rains in North Korea have forced thousands of families from their homes and left at least 200 people dead or missing, an aid official said, adding that the worst floods there in a decade will...

Three killed in Thai south

2007-08-16 00:00:00

NARATHIWAT, Thailand, Aug 15, 2007 (AFP): Separatist militants have killed two more Muslim civilians in the south of Thailand, police said Wednesday, while a suspected rebel was shot dead as he tried to set fire to a school. A 26-year-old...

US moves toward designating Iranian Revolutionary Guard a terrorist group

2007-08-16 00:00:00

WASHINGTON, AUG 15 (AP): The United States is moving toward blacklisting Iran's Revolutionary Guard Corps as a "terrorist" organisation, subjecting at least part of the entity to financial sanctions in a new move against the Islamic republic, a US official...

news digest

2007-08-16 00:00:00

Six men shot dead in Germany BERLIN, Aug 15 (AFP): German police said Wednesday they had found six men shot dead execution-style and left overnight in two vehicles near a train station in Duisburg in western Germany. A police patrol...

$491m loan accords with Japan later this month

2007-08-16 00:00:00

FHM Humayan KabirThe government is likely to sign loan agreements with Japan later this month on a total of US$491 million fund for the development of country's power, railway and water resources sectors, official sources said.A senior Economic Relations Division...

Small investors deserve more SEC care: WCCI president

2007-08-16 00:00:00

FE ReportChittagong Stock Exchange (CSE) and Woman Chamber of Commerce and Industry (WCCI) jointly organised a seminar at the Chamber premises Tuesday for the WCCI members to make them aware about stock market investment and facilitate smooth share trading for...

Warid, Bank Al Falah distribute relief goods in Sirajganj, Bogra

2007-08-16 00:00:00

FE ReportWarid Telecom (WT) and Bank Al Falah Limited (BAFL) jointly distributed relief materials among the flood-affected people in Sirajganj and Bogra Tuesday.A team of WT and BAFL -- the two Dhabi Group subsidiaries in the country -- handed over...

Aktel, Pragati Life Ins sign deal

2007-08-16 00:00:00

FE ReportAktel and Pragati Life Insurance Limited signed an agreement at a city hotel recently to provide life insurance coverage to employees of the mobile phone company. Under this agreement, AKTEL employees will enjoy group life insurance coverage from the...

Niloy Cement signs agreement

2007-08-16 00:00:00

FE ReportNiloy Cement Industries Limited Tuesday signed an agreement with Niloy Cement Clinkerisation Industries Limited to procure clinker. As per the agreement, Niloy Cement Clinkerisation will supply all clinker requirements to Niloy Cement Industries Limited. The signing ceremony was held...

corporatewatch

2007-08-16 00:00:00

Recommendation of dividendApex Tannery: The board of directors of Apex Tannery Limited has recommended 17 per cent cash dividend for its shareholders for the year 2006-2007. The annual general meeting (AGM) of the company will be held on September 20,...

Zahid promoted to Central Ins MD

2007-08-16 00:00:00

FE ReportMd Zahid Anwar Khan has been promoted to managing director (CC) of Central Insurance Company Ltd with effect from August 02.Khan started his career as assistant manager in the underwriting department in 1987 of the insurance company.He obtained BCom...

CRAB, Meghna Ins sign deal for credit rating

2007-08-16 00:00:00

FE ReportMeghna Life Insurance Company Limited (MLICL) has recently signed an agreement with Credit Rating Agency of Bangladesh (CRAB) Limited for credit rating services of the company. CRAB Vice Chairman Md Matiul Islam and MLICL Managing Director Golam Mohiuddin Faruk...

Action against missions failing to achieve export targets under study

2007-08-16 00:00:00

Sarwar ZahanThe commerce ministry might take action against diplomatic missions that have failed to achieve the export targets set for them, ministry sources said.The ministry is concerned about the failure of more than 50 per cent of the missions abroad...

AB Bank arranges Tk 660m syndicated loan for GPH Ispat

2007-08-16 00:00:00

FE ReportArab Bangladesh (AB) Bank Limited recently arranged a syndicated loan of Tk 660 million (66 crore) for GPH Ispat Limited.It will cover both project loan and working capital finance to establish an integrated steel project.GPH Ispat Limited Managing Director...

ICB AMCL declares NAV of three unit funds

2007-08-16 00:00:00

FE Report ICB AMCL, a subsidiary of the Investment Corporation of Bangladesh (ICB), has declared net asset value (NAV) of its three unit funds. The total NAV of the ICB AMCL First Mutual Fund stood at Tk 13,98,90,286.72 on the...

Sanaullah elected IFCS president

2007-08-16 00:00:00

FE ReportMohammad Sanaullah has been unanimously elected president of the governing body of the International Federation of Company Secretaries (IFCS) at its fourth meeting held at Whitesands Hotel at Mombassa, Kenya recently.Council members of the Institute of Certified Public Secretaries...

Prime Bank, BEPZA sign deal for offshore banking

2007-08-16 00:00:00

FE ReportPrime Bank Limited (PBL) will provide its offshore banking services to Adamjee EPZ for facilitating investors and adjacent people of Shiddirganj.An agreement to this effect was signed between the Bangladesh Export Processing Zones Authority (BEPZA) and Prime Bank Limited...

BKB holds yrly branch managers, field officers confce in B’baria

2007-08-16 00:00:00

Our CorrespondentBRAHMANBARIA, Aug 15: The chief regional manager (CRM) office of Bangladesh Krishi Bank (BKB), Brahmanbaria unit held the branch managers' and field officers' yearly conference of the bank at the Zila Parishad auditorium Tuesday, sources said.Twenty-six branch managers and...

BIA workshop on quality management today

2007-08-16 00:00:00

FE ReportBangladesh Insurance Academy will hold a workshop on 'total quality management (TQM)' today (Thursday) at the Academy building in the city.The aim of the workshop is to enable the participants to implement total quality management in their respective organisations.The...