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Vietnam to enhance supervision of OTC market

2007-08-08 00:00:00

HANOI, Aug. 7 (Xinhua): Vietnam will strengthen regulating the over- the-counter(OTC) market in order to reduce investor's risks on the market, local newspaper Vietnam News reported yesterday. A draft plan drawn up by the State Securities Commission is expected to...

New policy to help increase export of textile products: Pak PM

2007-08-08 00:00:00

ISLAMABAD, Aug 7 (APP): Prime Minister Shaukat Aziz yesterday said that the proposed textile policy would help increase export of textile products, improve competitiveness and generate employment in the industry.He was chairing a high level meeting which approved in principle...

ASEAN nations plan WTO action on Australian prawn ban

2007-08-08 00:00:00

SYDNEY, Aug 7 (AFP): ASEAN countries will complain to the World Trade Organisation (WTO) about an Australian ban on prawn imports that they say constitutes an artificial trade barrier, it was reported Tuesday. Both the Australian and the Australian Financial...

Oil prices mixed in Asian trade

2007-08-08 00:00:00

SINGAPORE, Aug 7 (AFP): Oil prices were mixed in Asian trade today following sharp declines overnight on concerns at the potential global implications of troubles in the US sub-prime mortgage market, dealers said. New York's main contract, light sweet crude...

S Korean shipyards receive record orders

2007-08-08 00:00:00

SEOUL, Aug 7 (AFP): Orders received by South Korean shipyards hit a record high of 33.2 billion dollars in the first half of this year thanks to a surge in global demand, official data showed today. High oil prices are...

Thrust on removing tariff barriers, establishing special EPZ for Indians to boost bilateral trade

2007-08-08 00:00:00

FE ReportA discussion meeting on "Increase of Indian Investment in Bangladesh" between Bangladesh Chamber of Industries (BCI) and India-Bangladesh Chamber of Commerce and Industry (IBCCI) was held in the city Monday. BCI Senior Vice-President MA Shahid led the BCI team...

Summit Power, IIDFC sign MoU for raising Tk 3.88b for small power plant projects

2007-08-08 00:00:00

FE Report IIDFC will act as the lead arranger for raising fund of BDT 3.88 billion for Summit Power Ltd through a debt instrument, namely, Zero Coupon Bond. Summit Power Managing Director Tauhidul Islam and IIDFC Managing Director Mahmood Malik...

Weaving industry facing closure in B'baria

2007-08-08 00:00:00

Our CorrespondentBRAHMANBARIA, August 7: The age-old traditional weaving units at Bancharampur and Nabinagar upazilas of the district are now on the verge of closure due to price hike of yarn, lack of capital, unstable market situation and smuggling of Indian...

Over Tk 155m revenue realised

2007-08-08 00:00:00

Our Correspondent BRAHMANBARIA, Aug 07: Tax commission (Ashuganj and Brahmanbaria circle) of the district realised a record revenue of more than Tk 155 million (155,569,196) in the fiscal 2006-2007.Brahmanbaria and Ashuganj circle of the commission comprises Kasba, Akhaura, Sarail, Sadar,...

PKSF signs MoU with PAB for poverty alleviation

2007-08-08 00:00:00

FE ReportPalli Karma-Sahayak Foundation (PKSF) signed a Memorandum of Understanding (MoU) with Practical Action Bangladesh (PAB) to cooperate with each other in the field of poverty alleviation and economic development of the country. PKSF General Manager (Administration) MA Hakim and...

IBBL distributes relief in Manikganj

2007-08-08 00:00:00

FE ReportIslami Bank Bangladesh Limited (IBBL) Manikganj branch conducted a relief distribution programme in different areas of Manikganj district Monday.IBBL Chairman Abu Nasser Muhammad Abduz Zaher inaugurated the relief distribution programme.Executive Vice President of the bank Md Abul Bashar and...

Lanka-Bangla co to invest $7.845m in two units at Karnaphuli EPZ

2007-08-08 00:00:00

Sri Lanka and Bangladesh will establish two industrial units in Karnaphuli Export Processing Zone (KEPZ) with an investment of US$ 7.845 million, reports UNB. The two joint venture plants will be known as M/s Shore to Shore (Bangladesh) Ltd and...

IFC-BEI seminar promotes contest to help control costs, reduce poverty

2007-08-08 00:00:00

FE Report IFC Bangladesh Investment Climate Fund and Bangladesh Enterprise Institute (BEI) Monday held a seminar on 'competition policy to highlight best practices and identify potential sectors in Bangladesh for assessment'. The seminar will support the government's efforts to form...

Banks' donations for flood-hit people

2007-08-08 00:00:00

FE ReportJanata Bank: Janata Bank decided Tuesday to donate its employees' one day's salary amounting to Tk 4.0 million (40 lakh) for the flood-affected people of the country.A cheque of Tk 4.0 million will be credited to the Chief Adviser's...

DU VC asks students to help expand tourism

2007-08-08 00:00:00

Vice-Chancellor (VC) of Dhaka University (DU) Professor SMA Fayez today asked the students to take more initiatives to help expand and develop the tourism sector in the country, reports BSS.The VC said this while addressing as the chief guest the...

ICB declares NAV of eight mutual funds

2007-08-08 00:00:00

FE ReportThe Investment Corporation of Bangladesh (ICB) has declared the Net Asset Value (NAV) of its eight mutual funds.The NAV of the ICB's eight mutual funds certificates based on market prices at close of operation on June 28, 2007 were...

BKB holds 440th board meeting

2007-08-08 00:00:00

FE Report The 440th meeting of the board of directors of Bangladesh Krishi Bank (BKB) was held at its head office in the city Tuesday. BKB Chairman SA Chowdhury presided over the meeting. Members of the board of directors, managing...

AIBL holds 2-day training course

2007-08-08 00:00:00

FE Report Al-Arafah Islami Bank Limited (AIBL) organised a two-day training course on 'Verification of ownership of Landed Properties, Documentation, Civil and Criminal Case' for its officers at the AIBL Training and Research Academy in the city recently. AIBL Chairman...

PKSF’s special fund for TMSS

2007-08-08 00:00:00

The Palli Karma-Sahayak Foundation (PKSF), has recently launched a special fund titled 'Learning and Innovation Fund to Test New Ideas (LIFT)' to trigger innovations in the microfinance sector to make the microcredit programme more dynamic, productive and more poor friendly.Under...

IPO diary

2007-08-08 00:00:00

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...

corporatewatch

2007-08-08 00:00:00

Purchase/ sale of director's sharesSquare Pharma: Ratna Patra, one of the sponsors of Square Pharmaceuticals Limited, has stated her willingness to transfer 14,878 shares out of her total holdings of 269,646 shares of the company to Anjan Chowdhury, another sponsor...

Taliban weigh hostage fate after Bush and Karzai meet

2007-08-08 00:00:00

KABUL, Aug 7 (Reuters): Taliban leaders are deciding what to do with 21 Korean hostages after Afghan President Hamid Karzai and US President George Bush ruled out making any concessions to free them, one of the kidnappers said Tuesday. "We...

Abbas sounds optimistic note after Olmert talks

2007-08-08 00:00:00

RAMALLAH, Aug 7 (Reuters): President Mahmoud Abbas promised Palestinians Tuesday their lives would improve as a result of his talks this week with Israeli Prime Minister Ehud Olmert. "Many issues which affect the Palestinians in their day-to- day lives will...

Pakistan forces destroy militant hideout

2007-08-08 00:00:00

MIRAN SHAH, Aug 7 (A): Helicopter gunships and artillery Tuesday bombarded two militant hideouts that had been used to launch attacks on security forces in a troubled tribal region near the Afghan border, the Pakistani army said. Spokesman Maj. Gen....

Angry mobs rampage in ETimor over new PM

2007-08-08 00:00:00

DILI, Aug 7 (AFP): Mobs ran amok in East Timor's capital Dili and other towns Tuesday to protest the naming of independence hero Xanana Gusmao as prime minister, as the former ruling party vowed to fight the move in court....

Abe gets tearful as opposition takes upper house

2007-08-08 00:00:00

TOKYO, Aug 7 (AFP): Japanese Prime Minister Shinzo Abe was publicly urged to resign Tuesday by members of his own party as the opposition took the helm of the upper house of parliament for the first time. Abe's Liberal Democratic...

Iraqis suffer as Maliki govt paralysed

2007-08-08 00:00:00

BAGHDAD, Aug 7 (AFP): As Iraqis queue forlornly for food and water, or swelter in homes and hospitals wihout electricity, Prime Minister Nuri al-Maliki's coalition government is collapsing around him, analysts told the news agency Tuesday. The latest boycott --...

India briefs Japan on US nuclear deal

2007-08-08 00:00:00

TOKYO, Aug 7 (AFP): India Tuesday briefed Japanese leaders on its landmark nuclear cooperation deal with the United States, as Tokyo remained non-committal on whether it would support the controversial pact. The deal, which would bring India out of decades...

Envoys debate aid for N Korea in "historic" meeting

2007-08-08 00:00:00

PANMUNJOM, South Korea, Aug 7 (AFP): Envoys from six nations gathered Tuesday at the border truce village of Panmunjom to discuss the next steps in North Korea's denuclearisation, in what South Korea termed a historic meeting. "We are making history...

British foot and mouth outbreak spreads

2007-08-08 00:00:00

GUILDFORD (Reuters) - Britain confirmed a second outbreak of foot and mouth disease in a herd of cattle in southern England Tuesday, raising fears the highly damaging animal disease may spread. The owner of the first farm where the disease...