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China to promote potato growth

2007-08-01 00:00:00

BEIJING, July 31 (CEIS): China will establish an international potato center (Asia-Pacific), according to Zhang Fengtong, head of science, technology and education department of the Ministry of Agriculture. Speaking at a recent on-the-spot demonstration for growing efficient, high quality and...

Oil prices ease in Asian trade ahead of US energy report

2007-08-01 00:00:00

SINGAPORE, July 31 (AFP): Oil prices fell in Asian trade today on profit-taking after sharp recent gains sessions but expectations of continued strong demand will limit any slide, dealers said. They said the market is now waiting for the release...

Oriental Bank depositors in trouble as all withdrawals restricted

2007-08-01 00:00:00

FE ReportA large number of clients of Oriental Bank Ltd. are not being able to withdraw either their principal amount or the interest (profit) accrued against their term deposits since a six-month moratorium was imposed on the transactions in January...

Berger Paints MD receives AAA Award 2007

2007-08-01 00:00:00

FE ReportManaging Director (MD) of Berger Paints Bangladesh Limited, Masih Ul Karim has been awarded by American Alumni Association (AAA) as the outstanding American alumni for his significant contribution to the business sector in Bangladesh. President Iajuddin Ahmed was present...

UCBL's Tk 200m term loan for Uttara Finance

2007-08-01 00:00:00

FE ReportUnited Commercial Bank Ltd ( UCBL ) has extended Tk. 200 million term loan to Uttara Finance and Investments Limited (UFIL). UCBL Managing Director Hamidul Huq and UFIL Managing Director SM Shamsul Arefin signed an agreement in this connection...

BEPZA, Goldtex sign lease agreement

2007-08-01 00:00:00

FE ReportM/S Goldtex Limited, a sister concern of South China Group, is going to expand its project in the Dhaka Export Processing Zone. It may be mentioned that South China has four industrial units in Bangladesh EPZs.The 100 per cent...

New president, vice-president and members of BEF committee

2007-08-01 00:00:00

FE ReportKamran T Rahman, a leading entrepreneur, has been elected as the new President of Bangladesh Employers' Federation (BEF) for the two years -- 2007-2009, says a BEF press release.Rahman has investments in jute and tea. He is also the...

NCC Bank holds foundation course

2007-08-01 00:00:00

FE ReportNCC Bank Ltd Training Institute has arranged a month-long foundation training course for the officers of the bank. NCC Bank Managing Director Md Nurul Amin attended the opening ceremony of the training course as the chief guest. In the...

IBBL distributes stipend to 40 meritorious students

2007-08-01 00:00:00

RANGPUR, July 31 (BSS): Islami Bank Bangladesh Ltd (IBBL) distributed education stipends of Tk 71,000 among 40 students of eight districts in greater Rangpur and Dinajpur here Saturday evening. The stipends were distributed with a view to inspiring and encouraging...

Nokia awards winners in competition

2007-08-01 00:00:00

A total thirty-three winners of the countrywide Nokia "Snap-a-Story" competition received awards at a function held at the Spectra Convention Center in the city Tuesday. Each of the winners received one Nokia Bluetooth headset.The two judges---cartoonist Shishir Bhattacharya and photographer...

Ctg market watchers back derivatives

2007-08-01 00:00:00

The capital market watchers of Chittagong said the introduction of derivatives would help increase liquidity flow in the stock market, reports bdnews24.com.Derivatives, a financial instrument, will also help cut the investors' risks, and create a new investment opportunity, the speakers...

CDPFA discusses re-fixing of dairy milk price

2007-08-01 00:00:00

Our CorrespondentCHITTAGONG, July 31: Chittagong Dairy and Poultry Farm Association (CDPFA) has discussed the re-fixing of the price of dairy milk at Tk 36 per litre in view of abnormal price hike of the dairy food.CDPFA President Moha-mmad Yousuf Chow-dhury,...

Black smoke from vehicles polluting environment, causing diseases

2007-08-01 00:00:00

Our CorrespondentBRAHMANBARIA, July 31: Emission of thick black smoke by different types of motor vehicles has long been polluting environment and threatening public health in the district.The black smoke from vehicles like bus, truck, tempo, microbus, tractor, power-tiller etc are...

Tobacco cultivation still lucrative business

2007-08-01 00:00:00

MEHERPUR, July 31 (BSS): Tobacco cultivation still remains a lucrative business among the farmers of the district despite the launching of a strong campaign against the uses of tobacco in the country.Tobacco farmers said they get more money by cultivating...

Stocks of Asia, Europe rise, US futures advance

2007-08-01 00:00:00

SINGAPORE, July 31 (Bloomberg): European stocks rebounded from a five-day plunge and shares in Asia advanced for a second day on waning concern losses from US subprime mortgages will damp global economic growth. Aviva Plc, HSBC Holdings Plc and UBS...

ICAB CRC holds seminar

2007-08-01 00:00:00

FE ReportThe Chittagong Regional Committee (CRC) of the Institute of Chartered Accountants of Bangladesh (ICAB) organised a CPE seminar on 'changes made by the Finance Ordinance-2007' in respect of income tax and VAT for members of Chittagong region in the...

Bank Asia opens computer centre at Lohagora

2007-08-01 00:00:00

FE ReportBank Asia inaugurated its 3rd Computer Learning Centre (CLC) at Lohagora recently.Deputy Managing Director of the bank Erfanuddin Ahmed inaugurated the CLC at South Satkania Golam Bari High School, Lohagora as the chief guest.Zonal Head of Bank Asia Khorshed...

Yusuf Saeed joins City Bank as head of corporate, investment

2007-08-01 00:00:00

FE ReportYusuf Saeed has recently joined the City Bank Limited as the head of corporate and investment banking. He will be managing corporate and investment banking business of the bank across the country, covering from corporate banking to structured finance,...

Pubali Bank holds orientation course

2007-08-01 00:00:00

FE ReportA two-day "Orientation Course" was organised by Pubali Bank Limited (PBL) for its newly recruited 150 officers at its head office in the city recently.PBL Managing Director HeIal Ahmed Chowdhury was present as the chief guest while General Manager...

IPO diary

2007-08-01 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

2007-08-01 00:00:00

Recommendation of dividendICB Islamic Mutual Fund: The board of directors of ICB Islamic Mutual Fund has recommended 12 per cent cash dividend for its shareholders for the year 2006-2007. The record date of the company is August 15, 2007.ICB AMCL:...

Rice, Gates in Egypt to seek Arab front against Iran

2007-08-01 00:00:00

SHARM EL-SHEIKH, Egypt, July 31 (AFP): US Secretary of State Condoleezza Rice and Defence Secretary Robert Gates kicked off a regional tour in Egypt Tuesday seeking to unite Arab allies against Iran's "destabilising" influence. The rare joint trip, preceded by...

Taliban set new deadline as S Korean hostage killed

2007-08-01 00:00:00

GHAZNI, July 31 (AFP): Afghanistan's Taliban set the government a new deadline of noon (0730 GMT) Wednesday to meet its demands in order to save 21 South Koreans, a day after a second hostage was killed. The hardline Islamic militia...

Brown to stress 'soft' power at UN after 'hard' talks with Bush

2007-08-01 00:00:00

NEW YORK, July 31 (AFP): British leader Gordon Brown is due to address the United Nations Tuesday on the need to focus on meeting key poverty reduction targets, a day after reaffirming support for Washington on tackling extremism. The prime...

Image worries pushed ASEAN on rights

2007-08-01 00:00:00

MANILA, July 31(AFP): Concern about their international image helped convince Southeast Asian nations to announce the creation of a new human rights body, diplomats who took part in the negotiations said today. The Association of Southeast Asian Nations (ASEAN) Monday...

Dengue on rise in Asia

2007-08-01 00:00:00

HANOI, Vietnam, July 31 (AP): Dengue fever is raging across Asia, prompting the World Health Organisation to warn that the region could face the worst outbreak of the mosquito-borne virus in nearly a decade. The disease, commonly called the 'bone...

UN nuclear inspectors say North Korea is cooperating

2007-08-01 00:00:00

BEIJING, July 31 (AFP): North Korea has cooperated fully with UN inspectors after shutting down its main nuclear reactor site, the head of the monitoring team said Tuesday after their first two-week mission ended. "I should say that in doing...

Japan's opposition flexes muscle after election win

2007-08-01 00:00:00

TOKYO, July 31 (AFP): Japan's resurgent opposition Tuesday blasted Prime Minister Shinzo Abe for staying in office despite an election mauling and vowed to fight to stop him extending support to the US military in Afghanistan. Abe, an outspoken conservative...

US House wants Japanese sex slaves apology

2007-08-01 00:00:00

WASHINGTON, July 31 (AFP): The US House of Representatives Monday demanded an apology from US ally Japan for the sexual slavery inflicted by its wartime military on 200,000 Asian women. In a resolution passed by a voice vote, lawmakers called...

Fresh clashes in Pakistan tribal area

2007-08-01 00:00:00

MIRANSHAH, July 31(AFP): Pakistani troops traded gunfire with pro- Taliban militants near the Afghan border early today after the rebels launched rockets at government and army buildings, officials said. There were no reports of casualties from the fighting in the...