BEIJING, Aug 12 (Xinhua): China's high energy- consuming sectors such as iron and steel, nonferrous metals, chemicals and construction materials continued to lead the growth in power consumption in the first half of this year, according to a report by...
FE Report Vice-President of International Chamber of Commerce (ICC)-Bangladesh Latifur Rahman urged Sunday the government and the central bank to reduce the bank rate and take appropriate fiscal and other policy measures to encourage higher capacity utilisation and more investment.He...
The first ever clinker plant in the country to produce raw material for cement will be formally inaugurated in Jessore this month, reports BSS. The plant was earlier installed by a private entrepreneur at a cost of Tk 200 million...
FE ReportThe IPO lottery of share allotment of International Leasing and Financial Services Limited (ILFSL) was held in the city Sunday. The function was attended by a number of investors, representatives from the Securities and Exchange Commission (SEC), DSE and...
FE ReportFirst Security Bank Limited opened a branch at Topkhana Road in the city recently.Managing Director of the bank AAM Zakaria inaugurated the branch.Deputy Managing Director Shafiqul Alam and senior executives of the bank were also present, among others, on...
FE ReportThe government borrowed Tk 8.00 billion (800 crore) Sunday through auctions of treasury bills. It will result in withdrawal of Tk 8.00 billion from the market in the week.The central bank conducted auctions of 28-day, 91-day and 364-day bills...
FE ReportThe half-yearly branch manager's conference of Central Insurance Company Ltd was held in the city Saturday.Managing Director (CC) of the company Md Zahid Anwar Khan presided over the conference.Chairman Md Nurun Newaz and Adviser of the company Azizul Haque...
FE ReportA number of organisations, including Australian High Commission, WFP, UNICEF, BRAC University, HeidelbergCement Bangladesh Limited and The Oriental Bank Limited, are continuing their relief assistance programme for helping the country's flood-affected people.Australian High Commission: Australian Minister for Foreign Affairs...
BARISAL, Aug 12 (UNB): Prices of Liquefied Petroleum Gas (LPG) cylinders have increased by 25 per cent to 30 per cent within a month in the city markets. Dealers blamed shortage of supply and increase of transportation cost for the...
FE ReportIslami Commercial Insurance Company Limited held the half-yearly branch managers' conference of the company in the city recently.Chairman of the company Md Anowar Hossain presided over the programme. AZM Shamsul Alam, adviser of the company, was present on the...
BERLIN, Aug 12 (AFP): German bank WestLB has a 1.25 billion euro (1.7 billion dollar) exposure to subprime-related securities through subsidiaries, a spokesman said yesterday. Hans Obermeier called the investment "relatively limited" and said the securities were highly rated. Some...
BANGALORE, India, Aug 12 (AFP): Ashok Soota, who founded software maker Mindtree Consulting in 1999, calls himself a "late-stage" entrepreneur, much as India is a late convert to free-market philosophy. The entrepreneurial urge seized Soota when he was 57, an...
FE ReportASM Feroz Alam, one of the sponsor directors of Mercantile Bank Limited, has been elected second vice chairman of the bank recently.Feroz is also chairman of Eco Inamori Fashions Limited at Gazipur, vice chairman of Premier Leasing International Limited...
The Dubai stock exchange is expected to make a formal bid to buy Nordic exchange OMX, according to reports. The exchange is tipped to make an offer of about $4.03bn (£2bn), which could scupper Nasdaq's $3.7bn bid for the Swedish-based...
AGM dates announcedBionic Sea Foods: The annual general meeting (AGM) of Bionic Sea Foods Limited will now be held on December 27, 2007 instead of earlier announced September 12, 2007. Other information of the AGM of the company will remain...
City General Insurance Company Limited Nature of Business: General Insurance Subscription Open: Aug 19 2007Subscription Close: Aug 23 2007 Offer Price (Tk.): 100.00 Market lot (Share): 50 Public Offer (Share): 900,000 Sponsors Portion (Share): 600.000 Private Placement (Share): Total Paid...
KABUL, Aug 12 (AFP): Pakistan President Pervez Musharraf met his Afghan counterpart Hamid Karzai in Kabul Sunday before both leaders were due to close a four-day tribal assembly on the growing Taliban and Al-Qaeda threat. Musharraf travelled to the presidential...
GHAZNI, Afghanistan, Aug 12 (AFP): Two of the South Korean aid workers held hostage in Afghanistan would be released within hours, a Taliban commander said Sunday, raising fresh hopes of an end to the three-week crisis. The Taliban commander Abdullah...
ISLAMABAD, Aug 12 (AFP): President Pervez Musharraf wants exiled former prime ministers Benazir Bhutto and Nawaz Sharif to stay away from Pakistan until after forthcoming general elections, press reports said Sunday. Elections are due late this year or early 2008,...
WASHINGTON, Aug 12 (AP): The Bush administration has blacklisted as a "foreign terrorist organisation" a Lebanese Islamist group blamed for major fighting at a refugee camp, the Associated Press has learned. The State Department is expected to announce the designation...
JAKARTA, Indonesia, Aug 12 (AP): Nearly 90,000 followers of a hard-line Muslim group packed a stadium in the Indonesian capital Sunday, calling for the creation of an Islamic state. Hizbut Tahrir, a Sunni organisation with an estimated million members, is...
FREETOWN, Aug 12 (AFP): Sierra Leone Sunday was awaiting the results of crucial presidential and parliamentary elections seen as a test of whether the west African nation has fully emerged from its bloody past. Ballot counting was under way across...
GAUHATI, Aug 12 (AP): Suspected rebels killed four Hindi-speaking migrant workers before dawn Sunday and three more bodies were found from an earlier killing in India's insurgency-wracked northeast, police said, bringing the death toll from a week of violence to...
LONDON, Aug 12 (AFP): Britain's ruling Labour Party under new Prime Minister Gordon Brown is enjoying its biggest ratings lead since the divisive 2003 Iraq war, an opinion poll published Sunday said. Labour is ten points ahead of the main...
BAGHDAD, Aug 12 (AFP): Four American soldiers have been killed in an explosion during fighting south of the Iraqi capital Baghdad, the US military announced Sunday. The soldiers were killed and another four were wounded in the blast during combat...
SEOUL, Aug 12 (AFP): US and North Korean nuclear envoys are expected to meet in China this week, possibly to discuss ways to normalise ties between the countries, a South Korean report said Sunday. The meeting between US Assistant Secretary...
S M JahangirThe government has imposed a 10 per cent tax at source of the interest income from the deposits with the state-run Post Office Savings Bank, effective from July 1, 2007.The Income Tax wing of the National Board of...
FE ReportThe National Board of Revenue (NBR) will meet with the management of different banks and relevant authorities to dispel confusion about its directive relating to the imposition of 10 per cent tax at source on interest income from government's...
About 359 flood-related deaths have been reported since July 30 while nearly 44,000 people have been attacked by diarrhoea in the aftermath of the devastating flood, reports UNB.Health Adviser Matiur Rahman disclosed this at a press briefing at his ministry...
FE Report The central bank has recommended more analysis of current inflationary pressures, international commodity price shocks, domestic developments, lagged effects of monetisation of government debt and demand-driven inflationary expectations on the part of consumers. "…A better understanding of monetary...
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