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Malaysia will weather rising crude oil prices

2007-08-07 00:00:00

KUALA LUMPUR, Aug 6 (AFP): Strong economic fundamentals would insulate Malaysia from the negative effects of rising oil prices in the world market, the central bank governor said today. While inflation would likely expand slightly, the overall effect would be...

China grants policy support to renewable energy enterprises

2007-08-07 00:00:00

BEIJING, August 6 (CEIS): China's renewable energy enterprises will be given a "special protection" by the government starting from September 1. According to the administration methods on power grid enterprises to fully purchase renewable energy (hereinafter referred to as "The...

Indonesia's Pertamina to sign agreement with Petronas

2007-08-07 00:00:00

JAKARTA, Aug 6 (Xinhua): Indonesia's state-owned oil and gas company Pertamina will likely sign a joint venture agreement with its Malaysian and Vietnamese counterparts later this month to jointly explore and develop hydrocarbon resources, local press said today. Pertamina and...

BB woos investors with Oriental management offer

2007-08-07 00:00:00

Bangladesh Bank (BB) has offered full management control of Oriental Bank to any new buyer as an incentive, according to an announcement issued Monday, reports bdnews24.com."We have given the offer for management control to woo competent investors who have good...

MTBL launches MTB VISA Electron Debit Card

2007-08-07 00:00:00

FE Report Mutual Trust Bank Limited (MTBL) has introduced 'MTB VISA Electron Debit Card' for its clients. MTBL Chairman Samson H Chowdhury inaugurated the MTB VISA Electron Debit Card of the bank at a city hotel recently. Bank's founder-chairman Syed...

City Bank, CRAB sign credit-rating deal

2007-08-07 00:00:00

FE ReportThe City Bank Limited has recently signed an agreement with Credit Rating Agency of Bangladesh (CRAB) for credit rating of the bank.Managing Director (MD) and CEO of The City Bank K Mahmood Sattar and CRAB Managing Director (MD) Masihur...

SJIBL to provide Western Union money transfer facility

2007-08-07 00:00:00

FE ReportWestern Union Money Transfer Services will be available across the 22 branches of Shahjalal Islami Bank Ltd throughout the country. Western Union and its agent Southeast Bank Ltd announced an agreement in this connection recently.Shahjalal Islami Bank is the...

EBL launches new loan product ‘Uddyog'

2007-08-07 00:00:00

DU CorrespondentEastern Bank Limited (EBL) launched a new loan product styled 'EBL Uddyog' Monday in a bid to bolster the country's small and medium entrepreneurship (SME).The product offers a hassle-free loan application and processing system for the SME entrepreneurs. The...

Banks' donations for flood victims

2007-08-07 00:00:00

FE ReportAgrani Bank: Agrani Bank donated Tk 5.0 million (50 lakh) to The Chief Adviser's (CA) flood relief fund for the flood-affected people of the country. Chairman, members of the management board, managing director (MD) and chief executive officer (CEO),...

Production suspended in 200 small, medium factories in DND area

2007-08-07 00:00:00

NARAYANGANJ, Aug 6 (UNB): Production in 200 small and medium factories in DND area remained suspended due to stagnant water caused by heavy rainfall.The stagnant water entered into the factories of handloom, cotton mill, 'chanachur,' bakery, bulb, candle and fan...

Continental Ins employees urged to achieve business target

2007-08-07 00:00:00

FE Report Continental Insurance Limited (CIL) held the company's half-yearly conference-2007 at the Jamuna Resort, adjacent to Jamuna Bridge, recently. Chaired by CIL Managing Director Md Hashmat Ali, the conference was attended, among others, by its Chairman Md Musa Meah...

Over 50pc businessmen of port city evade taxes

2007-08-07 00:00:00

Our CorrespondentCHITTAGONG, Aug 6: More than 50 per cent businessmen of the port city have been evading taxes for long. The taxation authority has been able to trace the statistics from a survey for identification of tax-payers of similar nature,...

National Bank holds managers’ conference

2007-08-07 00:00:00

FE ReportNational Bank Limited (NBL) held its half-yearly managers' conference in the city recently.NBL Chairman Parveen Haque Sikder inaugurated the conference. The chairman, in her inaugural speech, laid emphasis on human asset and financial asset of the bank. NBL Managing...

Japan-Bangladesh Hospital to provide special rates for GP customers

2007-08-07 00:00:00

FE ReportAll Grameenphone subscribers with active connections for at least 180 consecutive days will enjoy 12 per cent discount on hospital facilities, including accommodation and diagnostic services at JBFH at Jhigatala in the city.An agreement, in this connection, was signed...

Asian stocks drop, extending global rout

2007-08-07 00:00:00

SINGAPORE, Aug 6 (Bloomberg): Asian stocks fell, extending a rout that wiped $2.66 trillion from global equities, on concern losses in the US subprime mortgage market will slow economic growth and drive up financing costs. Macquarie Bank Ltd. and DBS...

IPO diary

2007-08-07 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

2007-08-07 00:00:00

Shareholders requested to collect dividend warrants BGIC: Bangladesh General Insurance Company (BGIC) Limited has requested the concerned shareholders to collect their dividend warrants for the year 2006 from August 06, 2007.Safko Spinning: Safko Spinning Mills Limited has requested the concerned...

US, Afghan presidents to wrap up talks on security, economy

2007-08-07 00:00:00

CAMP DAVID, Maryland, Aug 6 (AFP): Visiting Afghan President Hamid Karzai will Monday wrap up his talks with President George W. Bush on the deteriorating security situation in his country after raising eyebrows by describing US nemesis Iran as more...

Olmert, Abbas meet on key Mideast issues

2007-08-07 00:00:00

JERICHO, West Bank, Aug 6 (Reuters): Israeli Prime Minister Ehud Olmert met Palestinian President Mahmoud Abbas in the West Bank Monday, opening talks on broad "principles" for a Palestinian state ahead of a conference later in the year. After months...

Bomb attacks kill 36 Iraqis

2007-08-07 00:00:00

MOSUL, Iraq, Aug 6 (AFP): Bomb attacks killed 36 Iraqis today as a suicide bomber blew up a truck packed with explosives in a northern Shiite village and a booby trap killed nine people in a Baghdad minibus queue. The...

Syrian-backed opposition claims victory in Lebanon poll

2007-08-07 00:00:00

BEIRUT, Aug 6 (AFP): Lebanon's Western-backed ruling majority was dealt a blow Monday in by-elections that deeply split the country's Christian camp and boosted the Syrian-backed opposition ahead of a presidential poll. Official results showed the candidate representing opposition leader...

UN N-experts in Iran to discuss inspections

2007-08-07 00:00:00

TEHRAN, Aug 6 (AFP): A team of experts from the UN atomic energy agency arrived in Iran Monday to agree on a plan for future inspections of its uranium enrichment plant, the state-run IRNA news agency reported. "A four-member technical...

Al-Qaeda video vows attacks on US missions

2007-08-07 00:00:00

DUBAI, Aug 6 (AFP): A wanted American member of Al- Qaeda warned in a new video Sunday that US diplomatic missions and other interests were "legitimate targets," vowing that the network would attack these "spy dens." In the footage compiled...

Japan remembers Hiroshima

2007-08-07 00:00:00

HIROSHIMA, Aug 6 (Reuters): Japan marked the 62nd anniversary of Hiroshima's atomic bombing with a solemn ceremony Monday as the city's mayor criticised the United States for refusing to give up its nuclear weapons programme. Tens of thousands of elderly...

Nine workers still trapped in flooded China rail tunnel

2007-08-07 00:00:00

BEIJING, Aug 6 (AFP): Nine workers remained trapped Monday in a flooded railway tunnel in central China, after three others were rescued late the previous day, state media reported. Rescue workers had pumped out a large quantity of water, but...

Advisers to monitor relief, rehabilitation operation in flood-hit districts, govt won’t ask about aid source

2007-08-07 00:00:00

The advisers of the caretaker government have been assigned to monitor relief and rehabilitation operation in various districts affected by the current floods.They have been entrusted with the responsibility of mobilising "more local non-government organisations (NGOs), philanthropists and people from...

HC asks govt why Aug 15 won't be declared nat'l mourning day

2007-08-07 00:00:00

The High Court asked the government Monday to explain why August 15, the day Bangabandhu Sheikh Mujibur Rahman along with his family members was assassinated, would not be declared a national mourning day and public holiday. The government is also...

BDR-BSF exchange Fire: One killed

2007-08-07 00:00:00

JOYPURHAT, Aug 6 (UNB): A man was killed as BDR and BSF troops exchanged gunfire at Hatkhola border in Panchbibi Upazila early Monday, a day after a flag meeting held for maintaining peace in the border areas.The Bangladesh Rifles (BDR)...

Sharapova win in San Diego

2007-08-07 00:00:00

Maria Sharapova earned her first title in 10 months with a 6-2 3-6 6-0 victory over Patty Schnyder in San Diego, reports BBC. Sharapova used sharp ground strokes to capture her first championship since winning at Linz, Austria, in October....

England announce Twenty20 line-up

2007-08-07 00:00:00

England went for short-game specialists when they named their 15-man squad for next month's ICC World Twenty20 event, reports BBC. James Kirtley, Darren Maddy and Chris Schofield return after lengthy absences, while Vikram Solanki and Jeremy Snape are also recalled....