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Vietnam to build more industrial parks

2007-12-11 00:00:00

HANOI, Dec 10 (Xinhua): Vietnam will establish and expand 22 industrial parks next year, covering 4,500 hectares, local newspaper Vietnam Investment Review reported today. Vietnam will build 109 new industrial parks and expand 30 existing ones by 2015, the paper...

Indian firms net $20b on US bourses in 2007

2007-12-11 00:00:00

NEW YORK, Dec 10 (PTI): Indian firms listed in the US have a reason to smile - their total market value has grown by close to USD 20 billion since the beginning of 2007, despite a sluggish trend prevailing in...

Bank Indonesia upbeat on 2008 balance of payments

2007-12-11 00:00:00

JAKARTA, Dec 10 (AFP): Indonesia's balance of payments surplus is projected to rise 15 per cent next year to 15.6 billion US dollars, led by foreign direct investment, the central bank said today. For 2007, the balance of payments surplus...

Iran, China's Sinopec sign oil-field deal

2007-12-11 00:00:00

TEHRAN, Dec 10 (Reuters): Iran said China's Sinopec would invest around $2 billion under a deal signed yesterday to develop the huge Yadavaran oil field, the kind of energy deal the United States has been trying to prevent. Sinopec Group...

Shell, Gazprom, Sonatrach and Polski win Libyan gas contracts

2007-12-11 00:00:00

TRIPOLI, Dec 10 (AFP): Libya yesterday awarded four potentially lucrative gas exploration contracts to fuel giants Shell, Gazprom, Sonatrach and Polski, the first ever given to foreign firms as relations warm between Tripoli and the West. The biggest award went...

Oil trades lower in year-end cooling off

2007-12-11 00:00:00

SINGAPORE, Dec 10 (AFP): World oil traded lower in Asia today as the market entered a traditional year-end cooling off period and concerns persisted over slower US economic growth, dealers said. In morning trade, New York's main oil futures contract,...

Dollar steady in Asia

2007-12-11 00:00:00

TOKYO, Dec 10 (AFP): The dollar was steady in Asian trade today as traders sat on their hands on the eve of a key US interest rate decision, dealers said. The dollar was at 111.66 yen in Tokyo afternoon trade...

Foundry industry can earn lot of foreign exchange

2007-12-11 00:00:00

Our CorrespondentBOGRA, Dec 10: Foundry industry of Bangladesh can earn a lot of foreign exchange and also can provide jobs to thousands of unemployed people, Ainul Hoque Sohel, president of foundry owners' association of Bangladesh, has said.Bogra is the heart...

Bank Asia gets 'Bracken Award'

2007-12-11 00:00:00

FE ReportBank Asia Ltd won the globally renowned and prestigious 'Bracken Award' as the best bank of the year 2007 in Bangladesh recently.The London-based Financial Times and The Banker Magazine give "The Banker Award" every year to recognise the success...

Oman welcomes manpower from Bangladesh

2007-12-11 00:00:00

Oman would welcome Bangladeshi professionals, particularly doctors, engineers, teachers and technicians to work in their country, the visiting Omanese Minister for Manpower Juma bin Ali bin Juma Al Juma said in the city Monday, reports BSS.He said this at a...

CCCI AGM held: 7-point programme announced

2007-12-11 00:00:00

Our CorrespondentCHITTAGONG, Dec 10: The annual general meeting (AGM) of Chittagong Chamber of Commerce and Industries (CCCI) for the 2006-2007 fiscal was held at the Chamber House today.While presiding over the AGM CCCI President Saifuzzaman Chowdhury announced a 7-point programme...

Janata Bank allocates addl Tk 1.25b for Sidr-hit people

2007-12-11 00:00:00

FE ReportJanata Bank Ltd has allocated an additional amount of Tk 1.25 billion (125 crore) in agri/rural loans for the Sidr-hit farmers in the affected coastal districts.Earlier, the bank allocated Tk 1.30 billion in loans for the affected farmers in...

BSCIC handicraft fair begins in city

2007-12-11 00:00:00

FE ReportBangladesh Small and Cottage Industries Corporation (BSCIC) has taken a plan to modernise its training module by involving technology.Mohammud Mohbub Ur Rahman, chairman of BSCIC, said this Monday while inaugurating a five-day BSCIC Handicraft Fair - 2007 as the...

Southeast Bank opens its 35th branch

2007-12-11 00:00:00

FE ReportSoutheast Bank Limited inaugurated its 35th branch at Madhabdi Bazar, Narsingdi Sunday. Chairman of the bank Alamgir Kabir formally opened the branch as the chief guest. Former chairman of the bank Azim Uddin Ahmed, Director Rehana Rahman, Managing Director...

Acute shortage of fertilisers hamper cultivation of addl crops in Bogra

2007-12-11 00:00:00

Our CorrespondentBOGRA, Dec 10: Acute shortage of fertilisers is hampering smooth farming, as additional land has been brought under cultivation in the district, sources said.Multiple uses of fertilisers are also the major reason for increasing demand of the chemical fertilisers.Farmers...

IBBL continues relief operation in Sidr-affected areas

2007-12-11 00:00:00

FE ReportIslami Bank Bangladesh Limited (IBBL) continued its relief operation in Sidr-affected areas of the country.A strong relief team led by Kazi Harun-ar-Rashed has been carrying on the relief distribution efforts in Barisal, Jhalakathi and Pirojpur through the concerned branches...

Reckitt Benckiser, Save the Children join hands to save Sidr-hit families

2007-12-11 00:00:00

FE ReportReckitt Benckiser Bangladesh Ltd, a multinational FMCG company, handed over Dettol products to Save the Children to help 12,000 families in distress after being hit by cyclone 'SIDR'.Dettol antiseptic liquids and Dettol soaps, donated by Reckitt Benckiser, will be...

SJIBL holds workshop on Basel-II

2007-12-11 00:00:00

FE ReportShahjalal Islami Bank Ltd (SJIBL) held a daylong workshop on 'Basel-II and other concepts' at its head office in the city Saturday.SJIBL Managing Director Muhammad Ali inaugurated the workshop as the chief guest.General managers Naba Gopal Banik, Chowdhury Mohidul...

Most Asian markets drop

2007-12-11 00:00:00

BANGKOK (Thailand), Dec 10 (AP): Most Asian markets edged downward amid fading hopes for a substantive US interest rate cut this week and as investors pocketed gains in stocks that had rallied over the last week.In Tokyo, the stock market...

Air Asia X starts carrying Bangladeshi workers to Malaysia

2007-12-11 00:00:00

The Air Asia X, one of the designated airlines from Malaysia to operate air services to Bangladesh, started operation recently on charter basis to carry workers going for employment in Malaysia, reports BSS.The Airline already operated two flights from Dhaka...

corporatewatch

2007-12-11 00:00:00

Announcement of AGMAl-haj Textile: The 25th annual general meeting (AGM) of Al-haj Textile Mills Limited will be held on December 27, 2007 at 11:30 am at Hotel Purbani International in the city. Other information of the AGM of the company...

Pakistan election campaign begins

2007-12-11 00:00:00

ISLAMABAD, Dec 10 (AP): Pakistan's election campaign began in earnest Monday, a day after former Prime Minister Nawaz Sharif dropped threats to boycott the balloting to protest President Pervez Musharraf's imposition of a state of emergency. Sharif embarked on a...

Iran, IAEA in new talks to clear nuke doubts

2007-12-11 00:00:00

TEHRAN, Dec 10 (Reuters): Iran and a team from the United Nations (UN) nuclear watchdog started a fresh round of talks Monday in Tehran to resolve doubts about the Islamic Republic's nuclear work, Iranian media reported.The International Atomic Energy Agency...

Hillary volunteer asked to resign

2007-12-11 00:00:00

DES MOINES, Iowa, Dec 10 (AP): Hillary Rodham Clinton's campaign Sunday requested the resignation of a second Iowa volunteer coordinator who forwarded a hoax e-mail saying Barack Obama is a Muslim possibly intent on destroying the United States. Obama is...

Mideast talks to begin amid settlement uproar

2007-12-11 00:00:00

JERUSALEM, Dec 10 (AFP): Israelis and Palestinians sit down this week for the first time since formally reviving their peace talks, but disagreements over an east Jerusalem settlement already threaten to undermine the process. On Wednesday a steering committee made...

Pakistan suicide blast hurts five children

2007-12-11 00:00:00

KAMRA, Pakistan, Dec 10 (AP): A suicide car bomber struck near a bus carrying children of Pakistani air force employees to school at a northern army base Monday, the military said. At least five children were wounded. The bomber sped...

7,000 Nepali women trafficked annually

2007-12-11 00:00:00

KATHMANDU, Dec 10 (Xinhua): Around 7,000 Nepali girls and women are trafficked annually from Nepal to India and the Gulf countries, a study issued by a non-governmental organisation has disclosed. According to Monday's The Himalayan Times daily citing its study,...

Singapore to stop appeals for young Haj-bound women

2007-12-11 00:00:00

SINGAPORE, Dec 10 (Reuters): Singapore women under the age of 45 will no longer be able to travel alone on the annual haj pilgrimage in Saudi Arabia, the Singapore Straits Times reported Monday. Under Saudi Arabian law, haj-bound Muslim women...

Four killed in Afghan army copter crash

2007-12-11 00:00:00

KABUL, Dec 10 (AP): An Afghan army helicopter crashed in central Afghanistan Monday because of bad weather, killing four people, officials said.The Mi-17 helicopter went down near a field in Salar district of Wardak province, where the weather was foggy,...

Australia to have first female acting PM

2007-12-11 00:00:00

SYDNEY, Dec 10 (AFP): Australia's Deputy Prime Minister Julia Gillard will strike a blow against Australia's macho male culture Tuesday when she becomes the first 'Sheila' to take over the top job. Gillard will become the country's first woman acting...