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Decision on merchant banks’ loan suspension to yield good result

2007-11-23 00:00:00

FE ReportChairman of Securities and Exchange Commission (SEC) Faruq Ahmad Siddiqi Thursday said the latest move suspending the disbursement of loans by merchant banks to the retail investors will bring a long-term effect for the better in the stock market."Our...

BKB declares post-cyclone agri-rehab programme

2007-11-23 00:00:00

FE ReportBangladesh Krishi Bank (BKB) has taken up an intensive post-cyclone agricultural rehabilitation programme following the nightmarish calamity caused by the cyclone 'SIDR' in the southern part of the country.Under the programme, new loans will be disbursed promptly and transparently...

Chhayanaut, Grameenphone sign corporate agreement

2007-11-23 00:00:00

FE ReportGrameenphone (GP) Ltd signed an agreement with Chhayanaut to provide complete communication facilities under its Business Solutions package in the city recently, said a press release.Chhayanaut General Secretary Khairul Anam Shakil and GP Head of Dhaka region Sajjad Alam...

Bumper potato production likely in N dists

2007-11-23 00:00:00

Our CorrespondentBOGRA, Nov 22: Farmers in the northern districts have already started cultivating potato on a large scale. They are hoping for a bumper output, sources said.According to the sources, nearly 0.270 million hectares of land have been brought under...

Fisheries sector in Chittagong div incurs loss of Tk 340m

2007-11-23 00:00:00

COMILLA, Nov 22 (UNB): Fisheries sector in eight districts of Chittagong division has incurred a loss of over Tk 340 million (34 crore) due to heavy rain caused by the recent cyclone that mainly hit the country's coastal districts in...

First BSRS MF announces NAV

2007-11-23 00:00:00

FE ReportThe First BSRS Mutual Fund announced its Net Asset Value (NAV) at the close of business on October 31, 2007. The NAV was Tk 110.87 on the basis of cost price and Tk 452.65 on the basis of market...

Growers in Rajshahi cultivating rabi crops instead of sugarcane

2007-11-23 00:00:00

RAJSHAHI, Nov 22 (UNB): Sugarcane growers in the district are cultivating rabi crops this season giving up their traditional sugarcane farming to overcome the losses they incurred last season.Sources said the marginal growers have started cultivating rabi crops instead of...

BARD officials asked to be more active in future

2007-11-23 00:00:00

Bangladesh Academy for Rural Development (BARD), Comilla has conducted 159 training courses for 6,000 persons and accomplished 15 research studies in the field of rural development and poverty alleviation last year, reports BSS. Besides, the BARD has been implementing seven...

Janata Bank allocates Tk 2.55b in rural credit

2007-11-23 00:00:00

Janata Bank limited has decided to allocate a total of Tk 2.55 billion (255 crore) in two credits under the government's plan for rehabilitating the cyclone-affected farmers.The public bank has decided to sanction Tk 1.25 billion in agriculture or rural...

IDLC donates Tk 1.0m for cyclone victims

2007-11-23 00:00:00

FE ReportIDLC Finance Limited donated Tk 1.0 million (10 lakh) to the Chief Adviser's Relief Fund for the 'SIDR'-hit people of the southern part of the country.IDLC Finance Chairman Anwarul Huq, CEO and Managing Director Anis A Khan handed over...

Bank Asia opens branch at Mirpur

2007-11-23 00:00:00

FE ReportThe 28th branch of Bank Asia was inaugurated in the city's Mirpur area Wednesday. It is the 12th branch of the bank in the capital city. Chairman of the bank M Syeduzzaman inaugurated the new branch. Director Murshed Sultan...

LPG price continues to rise in N-districts

2007-11-23 00:00:00

RANGPUR, Nov 22 (BSS): The middle and lower income group people have been suffering in recent months following repeated price hike of Liquefied Petroleum Gas (LPG) in the northern region of the country.Market sources said the prices of LPG cylinder...

Asian stocks decline

2007-11-23 00:00:00

TOKYO, Nov 22 (Bloomberg): Asian stocks declined, sending the region's benchmark to a two-month low and extending a global sell-off triggered by concern widening credit-market losses will slow economic growth. National Australia Bank Ltd., the nation's largest, fell after saying...

Fish fries distributed among fish farmers

2007-11-23 00:00:00

SHERPUR, Nov 22 (BSS): Department of Fisheries has distributed fish fries free of cost among the flood-affected fish farmers in Sherpur Sadar and Nakla Upazilas recently.In Sherpur, representative of the joint forces, district fisheries officer Mohammad Kaikobad, Sadar Upazila fisheries...

India to extend relief package to textile workers

2007-11-23 00:00:00

NEW DELHI, Nov 22: Concerned over loss of jobs in the textile sector, Minister of State for Labour and Employment Oscar Fernandes Thursday said his department will work with the Textile Ministry to extend a relief package for the sector,...

corporate watch

2007-11-23 00:00:00

Shamsul Hauqe elected chairman of Sonar Bangla Insurance Md Shamsul Hauqe and Ram Chandra Barai have been elected chairman and vice-chairman respectively of the company. Padma Printers' AGM December 13 The board of directors of the company did not recommend...

Suicide bomber, 35 militants killed in Pakistan

2007-11-23 00:00:00

ISLAMABAD, Nov 22 (AFP): A suicide bomber blew himself up outside an airport in northwest Pakistan, while troops killed another 35 followers of a pro-Taliban cleric during an offensive, officials said Thursday. The violence happened late Wednesday as an army...

Sri Lanka to ban Tamil rebel 'front'

2007-11-23 00:00:00

COLOMBO, Nov 22 (AFP): Sri Lanka's government is to outlaw a charity believed to be a front organisation for separatist Tamil Tiger rebels, media minister Anura Yapa said Thursday. Ministers met Wednesday and decided to proscribe the Tamil Rehabilitation Organisation...

Mideast accord impossible in Bush term: Peres

2007-11-23 00:00:00

TOKYO, Nov 22 (AFP): A final Middle East peace accord will be impossible to reach before United States (US) President George W Bush leaves office in January 2009, Israeli President Shimon Peres said in remarks published Thursday. "It is theoretically...

Japanese ship returns as PM talks to resume naval mission

2007-11-23 00:00:00

TOKYO, Nov 22 (AFP): A Japanese ship supporting the US- led 'war on terror' in the Indian Ocean returned home Thursday as Prime Minister Yasuo Fukuda launched talks to resume the naval mission. Japan on November 1 called home its...

Syria softening refusal on peace summit

2007-11-23 00:00:00

DAMASCUS, Nov 22 (AP): Syria is softening its refusal to attend the Annapolis peace conference and already has won dividends, including a visit from Jordan's king that marked an end to regional isolation. But as it bends, it risks alienating...

Koreas plan daily cross-border rail service

2007-11-23 00:00:00

SEOUL, Nov 22 (AFP): North and South Korea agreed Thursday to run daily freight trains when regular rail services across the heavily fortified border resume next month for the first time in over half a century. The Koreas agreed to...

Study shows anti-blues drug prolongs longevity

2007-11-23 00:00:00

PARIS, Nov 22 (AFP): A commonly-prescribed anti-depressant increases the lifespan of worms to the human equivalent of a centenarian, scientists looking for chemicals that prolong longevity reported Wednesday. What determines lifespan remains poorly understood, but a spate of recent research...

Iran holds atomic talks with EU envoy next week

2007-11-23 00:00:00

TEHRAN, Nov 22 (Reuters): Iran's chief nuclear negotiator said today that he will hold talks with the European Union (EU) foreign policy chief on November 30 over the country's atomic work, which the west fears is a cover to build...

Commonwealth ministers express sympathy

2007-11-23 00:00:00

KAMPALA, Nov 22 (UNB): Foreign ministers of the Commonwealth countries, meeting under the chairmanship of host Ugandan Foreign Minister Sam Kutesa, have expressed "profound sympathy" on deaths and destruction caused by cyclone Sidr.As the Foreign Ministers' conference began here Wednesday...

SC delivers verdict Monday

2007-11-23 00:00:00

The Supreme Court (SC) hearing on twin appeals of the government and the Anti-corruption Commission (ACC) against the High Court (HC) bail to Sheikh Hasina in Bangabandhu Memorial Trust graft case ended Thursday. The court will deliver the verdict Monday,...

Iftekhar, Pranab Mukherjee hold talks

2007-11-23 00:00:00

KAMPALA, Nov 22 (UNB): Foreign Advisor Dr Iftekhar Ahmed Chowdhury held bilateral talks with Indian External Affairs Minister Pranab Mukherjee on the sidelines of the Commonwealth Heads of Government Meeting here.During the meeting, they agreed that bilateral relations were on...

EC decides on appeal within two days

2007-11-23 00:00:00

The Election Commission (EC) is going to take a decision whether it will appeal or not within two days against the High Court's stay order on dialogue with acting BNP Secretary General Hafizuddin Ahmed. "We will take the decision in...

Bodyguard of JMB kingpin jailed for 10 years

2007-11-23 00:00:00

SYLHET, Nov 22 (UNB): The bodyguard of Jama'atul Mujahideen Bangladesh (JMB) kingpin Shiekh Abdur Rahman was sentenced to 10 years rigorous imprisonment (RI) Wednesday in August 17 countrywide simultaneous bombing case.The Speedy Trial Tribunal Judge Diproman Sarkar handed down the...

Inquiry into case against Mirza Abbas ordered

2007-11-23 00:00:00

The Metropolitan Sessions Judge's court ordered Thursday for reinvestigation into a case against former minister Mirza Abbas under the Foreign Currency Act, reports UNB.Judge Azizul Hoque passed the order and fixed November 27 for submission of fresh investigation report. The...