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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,"...

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...

Myanmar bans poultry imports from India

2007-08-05 00:00:00

YANGON, Aug 4 (AFP): Military-ruled Myanmar has banned poultry imports from India following an outbreak of bird flu last month in the neighbouring country, state media said today. The ban was effective Saturday, the Mirror newspaper said, without giving details...

Israeli troops kill West Bank Islamic Jihad leader

2007-08-05 00:00:00

NABLUS, West Bank, Aug 4 (AFP): Israeli troops have shot dead a leader of the radical Islamic Jihad group in the West Bank and wounded three people during an incursion into the Gaza Strip, Palestinian security sources and witnesses said...

Prominent black journalist gunned down in Oakland

2007-08-05 00:00:00

SAN FRANCISCO, Aug 4 (AFP): A noted journalist and advocate of the African American community in Oakland, California was gunned down in broad daylight in a targeted killing, police said Friday. Witnesses told police a masked gunman approached Chauncey Bailey,...

BGMEA urges trade bodies to help flood-hit people

2007-08-05 00:00:00

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) Saturday termed the present floods a national disaster and asked trade bodies and philanthropists to come forward with a helping hand to face the situation, reports bdnews24.com. "Forty-six districts out of 64 have...

Nine persons killed in separate incidents

2007-08-05 00:00:00

Nine persons were killed and many others injured in separate incidents in different places of the country during the last two days, report agencies.In Rajbari, two babies drowned in the Flood water in Goalundo Upazila in the district during last...

Inter-college cultural competition held

2007-08-05 00:00:00

DU CorrespondentInter-college cultural competition titled 'National University Star Hunt' was simultaneously held in two divisional cities Saturday. Competitions of Barisal and Sylhet divisions were held respectively on the premises of BM College and MC College. Some 75 contestants from the...