SINGAPORE, Nov 19 (AFP): Singapore today raised 2007 growth targets to 7.5-8.0 per cent from 7.0-8.0 per cent after the economy grew at a faster pace in the third quarter on the back of a strong performance in the financial...
BEIJING, Nov 19 (Reuters): China has ordered banks to limit their lending until the end of the year as part of efforts to keep investment under control and prevent the world's fourth-largest economy from overheating, sources said Monday.The authorities routinely...
BANGKOK, Nov 19 (AFP): The state-run Bangkok Mass Transit Authority (BMA) announced today that one-third of its staff, or 6,000 people, would be laid off under a restructuring plan aimed at cutting huge losses. The largest ever job cut at...
NEW DELHI, Nov 19 (PTI): India and Pakistan will set up a joint study group to explore possibility of coordination in exports, particularly in sectors such as textiles. The group would comprise four members from the private sector and make...
KARACHI, Nov 19 (PTI): Textile mills in Pakistan have finalised contracts for importing about 0.7 million bales of cotton from India as part of measures to bridge the shortfall in domestic production, a media report said. The textile industry needs...
DUBAI, Nov 19 (PTI): Saudi Arabia is scouting for investment opportunities in oil refineries in Asia within the framework of the Riyadh Declaration to maintain oil supplies, a media report stated. Announcing this at a press conference in Riyadh yesterday,...
SYDNEY, Nov 19 (Reuters): Oil jumped more than $1 to above $95 a barrel today, as the dollar fell and some OPEC members pushed for action to stem their declining purchasing power. US light crude for January delivery the new...
FE ReportTsutomu Kikuchi, newly appointed Chairman of NYK Group South Asia Pte. Ltd.,(NGSA) and Keiji Ushiyama, Managing Director of NYK Line (Asia) Pte., from NYK Asia RHQ based in Singapore arrived in the city Sunday on a two day visit...
TOKYO, Nov 19 (AFP): The dollar was weak in Asian trade today in the wake of soft US economic news as investors wondered about the US Federal Reserve's interest rate policy action next month, dealers said. Trade moved in tight...
In most Sunday bazaars in Pakistan, the 20-kilogram flour bag was sold at Rs 285 as compared to the open market price of Rs 300 to Rs 305. Among other kitchen items, sugar sold at Rs 28 to 29 per...
LUSAKA, Nov 19 (Xinhua): Tea prices for Malawi continue to be low largely because the auction system in the country still has a low number of buyers, according to a report posted on the website of The Nation newspaper of...
MUMBAI, Nov 19 (BSS): Emphasising that the term 'business' has been misinterpreted by economists as just wealth creation, Bangladeshi Nobel laureate Muhammad Yunus Sunday called for establishing a 'social stock market' in which companies doing good for society will be...
FE ReportExport Import Bank of Bangladesh Ltd has recently signed an agreement with the Bangladesh Electronic Payments System (BEPS) for implementing VISA branded islamic card (both local and international).With the introduction of islamic card, the bank will be able to...
FE ReportThe Dhaka Chamber of Commerce and Industry (DCCI) expressed its deepest concern over the recent price hike of essential commodities including agricultural products. It is a grave and common concern for all that the prices are rising at a...
Our CorrespondentCHITTAGONG, Nov 19: Normal activities of Chittagong Water Supply and Sewerage Authority (C'WASA) are being seriously hampered due to shortage of adequate manpower, sources said.According to the C'WASA sources, C'WASA Board comprises of one chairman and three permanent members....
Our CorrespondentBRAHMANBARIA, Nov 19: An acute crisis of Boro seeds has been prevailing all over the district threatening the ensuring Boro cultivation, sources said.According to the Department of Agriculture Extension (DAE) sources, a total of 1,04,200 hectares of land have...
FE ReportCardiac Centre of Bangabandhu Sheikh Mujib Medical University (BSMMU) recently organised a seminar on Management of Chronic Stable Angina-New Concept. Aristopharma sponsored the seminar. In the seminar Dr Manjoor Mahmood discussed a new concept in the management of chronic...
FE ReportGrameenphone Ltd has been able to restore coverage in almost all areas within its network around the country.Disruption in the power supply resulted in many base-stations going out of service. However, Grameenphone was able to keep 70 per cent...
Orascom Telecom, holding company of Banglalink, has announced a contribution of Tk 350 million (3.5 crore) for the victims of the cyclone SIDR. This fund will be utilised for the worst-hit families in the affected areas.Commenting on this devastation, Chairman...
FE ReportNewly elected Chittagong Stock Exchange (CSE) President Nasiruddin Ahmed Chowdhury urged the finance ministry to take measures to offload government owned shares to the private sector and meet the scarcity of good shares in the stock market. Nasiruddin Ahmed...
FE ReportInternational Banking Wing of Islami Bank Bangladesh Limited (IBBL) organised a training course on "Spot Cash Operations" at its head office in the city Monday.IBBL executive committee Chairman Mominul Islam Patwary inaugurated the training course as the chief guest...
FE ReportThe 17th annual general meeting (AGM) of Bangladesh Corrugated Carton and Accessories Manufacturers and Exporters Association (BCCAMEA) was held at a city hotel recently. A large number of members of the Association attended the meeting. The annual report, auditor's...
FE ReportDutch-Bangla Bank Limited (DBBL) organised a three-day 'Smile-Brighter' programme at Kumudini Medical College and Hospital at Mirzapur in Tangail recently as part of its corporate social responsibility.A plastic surgery team headed by noted plastic surgeon Sharif Hasan conducted the...
FE ReportA 49-member Bangladesh business delegation sponsored by the Bangladesh Malaysia Chamber of Commerce and Industry (BMCCI) participated in the Intrade Malaysia 2007 held in Kuala Lumpur recently. Prime Minister Dato Seri Abdullah Ahmed Badawi and Minister of International Trade...
SINGAPORE, Nov 19 (Bloomberg): Asian stocks fell, led by China Mobile Ltd. and Mitsui & Co., after Chinese regulators told banks to cool lending that has fueled the world's fastest economic expansion. China Mobile, the world's largest mobile-phone operator by...
NEW YORK, Nov 19 (Bloomberg): Gerdau SA, Latin America's largest steelmaker, agreed to acquire Quanex Corp.'s vehicular steelmaking unit for $1.67 billion. Gerdau will pay $39.20 a share in cash, Houston-based Quanex and Porto Alegre, Brazil-based Gerdau said today in...
LONDON, Nov 19 (Bloomberg): European stocks erased earlier gains. BHP Billiton Ltd. and Anglo American Plc, the world's biggest mining companies, followed a slump in commodity prices. The Dow Jones Stoxx 600 Index fell 0.1 per cent to 362.2 as...
Announcement of AGM dateAftab Automobiles: The 27th annual general meeting (AGM) of Aftab Automobiles Limited will be held on December 17, 2007 at 9:30 am at Officers Club at Baily Road in the city. Other information of the AGM of...
ISLAMABAD, Nov 19 (AP): A Supreme Court (SC) hand-picked by President Pervez Musharraf swiftly dismissed legal challenges to his continued rule Monday, opening the way for him to serve another five-year term - this time solely as a civilian president.The...
RIYADH, Nov 19 (REUTERS): Iran's President Mahmoud Ahmadinejad said Sunday his country would not use oil as a weapon even if it is attacked by the United States (US) over Tehran's disputed nuclear program. "We would never like to use...
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