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BKB holds GM confce

2007-08-05 00:00:00

FE ReportBangladesh Krishi Bank (BKB) held the 4th quarterly general managers' conference at its board room in the city recently. BKB Managing Director M Fazlul Haque presided over the meeting.The opinion of the respective general managers at field level was...

Google sidesteps mobile reports

2007-08-05 00:00:00

Google has refused to deny mounting speculation that it is working to produce its own brand mobile phone, reports BBC. Reports suggest that the web giant is developing a series of"GPhones", centred on its mobile services, such as search, e-mail...

Chinese ship exports record historic high in first half year

2007-08-05 00:00:00

BEIJING, Aug. 4 (Xinhua): China's export volume of ships hit a record high of 5.49 billion US dollars in the first half of the year, up 61 per cent over the same period last year, according to figures from the...

China temporarily bans Indonesian seafood

2007-08-05 00:00:00

BEIJING, Aug 4 (AFP): China has temporarily banned aquatic products from Indonesia after finding bacteria and chemicals in excessive amounts in some imports from the Southeast Asian nation, state media said today. All fish and other seafood products from Indonesia...

Dollar slides on soft US jobs data

2007-08-05 00:00:00

NEW YORK, Aug 04 (AFP): The dollar slumped yesterday to a 10-day low against the euro after US data showed a weaker- than-expected rise in new jobs, underlining sluggishness in the world's biggest economy. The jobs report sent the euro...

Eurozone retail trade picks up by 0.4pc in June

2007-08-05 00:00:00

BRUSSELS, Aug. 4 (Xinhua): The eurozone retail trade picked up by 0.4 per cent in June, compared to the previous month, the European Union's statistics bureau Eurostat said yesterday. Year on year, the volume of retail trade grew by 0.9...

Oil prices fall

2007-08-05 00:00:00

NEW YORK, Aug 4 (BSS/AFP) - World oil prices fell yesterday as traders wrapped up a volatile week that saw New York crude strike a record high 78.77 dollars per barrel on concerns over tight supplies. New York's main futures...

Prices, floods take heavy toll on garment industry

2007-08-05 00:00:00

The garments sector is passing through a hard time because of soaring prices of yarn in the international market and floods in the country, the sector's leaders have said, reports bdnews24.com.The prices of yarn have increased by up to 22...

Two bodies should be formed for fixing prices of essentials

2007-08-05 00:00:00

Our CorrespondentCHITTAGONG, Aug 4: Commodity storage should be expanded to keep the prices of essentials at a tolerable level. Side by side, import of the goods from abroad at the government level is required, otherwise it would not be possible...

Most essentials cheaper at BDR-run markets

2007-08-05 00:00:00

Prices of most of the essentials are comparatively cheaper at BDR-run open markets and sales centres than the prices of such goods in ordinary city markets, a market report of the Bangladesh Rifles (BDR) said Saturday, reports BSS. But, the...

DBL, Katalyst sign MoU to promote SME loan product

2007-08-05 00:00:00

FE ReportDhaka Bank Limited (DBL) and Katalyst signed a memorandum of understanding (MoU) for promoting a small and medium enterprises (SME) loan product for quality management services. Under the product, SMEs seeking to obtain ISO/HACCP and other such certifications will...

IBBL holds training course on 'Foreign Exchange Derivatives'

2007-08-05 00:00:00

FE Report A training course on 'Foreign Exchange Derivatives' organised by the Islami Bank Bangladesh Limited (IBBL) International Banking Wing was held at the IBBL head office in the city Saturday. IBBL Executive President M Fariduddin Ahmad was present in...

IDLC changes its name to IDLC Finance Ltd

2007-08-05 00:00:00

FE ReportIndustrial Development Leasing Company of Bangladesh Limited (IDLC) has recently changed its name to IDLC Finance Limited to meet and accurately reflect the evolving nature of its business in the field of financial services.Since its inception in 1985, IDLC...

ICAB central library opens

2007-08-05 00:00:00

FE Report The Institute of Chartered Accountants of Bangladesh (ICAB) inaugurated its central library on the library premises of the Chartered Accountant Bhaban at Karwan Bazar in the city recently. In this connection, the ICAB family organised a ceremony on...

Joint forces unearth four spurious fertiliser factories, four held

2007-08-05 00:00:00

JESSORE, Aug 4 (UNB): The joint forces unearthed four spurious fertiliser factories in Sadar upazila Friday.Joint forces along with an agriculture officer and a magistrate conducted drive in Lebutola, Noapara and Hashimpur areas of the upazila.They seized huge quantities of...

Greenback weak against BDT

2007-08-05 00:00:00

Sarwar Zahan US dollar was weak against Bangladesh taka (BDT) last week due to lower demand for the greenback. The exchange rate of the greenback moved between Tk 68.50 and Tk 68.52 against the previous week's range between Tk 68.52...

KJML, FCML closed down with Tk 450m delinquent loan

2007-08-05 00:00:00

Our CorrespondentCHITTAGONG, Aug 4: Extent of debts of Karnaphuli Jute Mills Ltd (KJML) and Forat Carpet Mills Ltd (FCML), sister concerns of Bangladesh Jute Mills Corporation (BJMC) based at Rangunia Upazila of the district, is around Tk 680 million. These...

Loan sanctioning to small industries emphasised

2007-08-05 00:00:00

FE ReportBASIC Bank Limited Managing Director AH Ekbal Hossain emphasised sanctioning of loan to small and medium industries with an intention to explore employment opportunities and to lessen poverty simultaneously.He was presiding over the 2nd Managers' Conference 2007 in the...

SJIBL to distribute Tk 1.0m relief

2007-08-05 00:00:00

FE ReportShahjalal Islami Bank Limited (SJIBL) has decided to distribute relief materials worth Tk 1.0 million in first phase among the flood-affected helpless people. The Bank's own relief team will conduct the relief distribution work. The relief distribution programmes will...

IFIC Bank's half-yearly managers' confce held

2007-08-05 00:00:00

FE ReportThe half-yearly managers' conference-2007 of the IFIC Bank Limited was held at a city hotel recently. IFIC Bank Managing Director Mashiur Rahman inaugurated the conference and presided over it. The main agenda of the conference was to review the...

Aftab Mahmud to get brand leadership award

2007-08-05 00:00:00

FE ReportAftab Mahmud Khurshid has been nominated to receive 'Brand Leadership Award' at Asia Brand Congress-2007 in recognition of his professional accomplishments in marketing sphere. The congress will be held in Mumbai next month.Aftab will present a paper on "Ensuring...

IPO diary

2007-08-05 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...

Briton suffers with Arabs under Israeli demolition law

2007-08-05 00:00:00

JERUSALEM, Aug 4 (AFP): Six months pregnant and exhausted, British mother Jessica Barhum is still shocked that Israeli authorities ordered her, her husband and their baby out of bed at daybreak and pulverised their home. "I can't believe that it's...

Afghanistan again rules out prisoner exchange

2007-08-05 00:00:00

GHAZNI, Afghanistan, Aug 4 (AFP): An Afghan negotiator again ruled out Saturday an exchange of Taliban prisoners to free 21 South Korean hostages, whose families made a new appeal for their release. Negotiations over the church aid workers were being...

22 killed in guerrilla raid, suicide attack in Pakistan

2007-08-05 00:00:00

MIRANSHAH, Aug 4 (Reuters): At least 22 people were killed Saturday in spiraling violence in northwestern Pakistan as international concern grew over the deteriorating security situation and al Qaeda threat along the Afghan border. Soldiers repulsed an attack by pro-Taliban...

Pak opposition leader release due

2007-08-05 00:00:00

LAHORE, Aug 4 (AP): Supporters of a top Pakistani opposition leader gathered outside a prison Saturday to wait for his release on bail from a 23-year sentence for inciting army mutiny against military President Gen. Pervez Musharraf. Javed Hashmi's release...

US Congress to scrutinise N-pact with India

2007-08-05 00:00:00

WASHINGTON, Aug 4 (AFP): The US Congress has to determine whether an operational agreement of a landmark US-India nuclear deal is legal, the head of the influential House of Representatives foreign relations panel said Friday. US lawmakers had last year...

France denies president involved in Libya arms deal

2007-08-05 00:00:00

PARIS, Aug 4 (Reuters): The French president was not directly involved in an arms deal with Libya this week, a senior executive at the European defence and aerospace group EADS and a presidential palace official said Saturday. France has denied...

Father of Angola's independence, Holden Roberto, dies

2007-08-05 00:00:00

LUANDA, Angola, Aug 4 (AFP): Holden Roberto, 84, one of the fathers of Angola's independence and a staunch opponent of President Eduardo Dos Santos to the very end, has died of cardiac arrest, his party announced Friday. "Our historic leader,...

Momentum in Darfur: UN chief

2007-08-05 00:00:00

UNITED NATIONS, Aug 4 (AP): Momentum is building in the effort to find a political solution to the violence in Sudan's Darfur region, but until hostilities on the ground cease, the quest to find a political settlement "will not succeed,"...