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Development and policy on nation's strategic resources: A response

2007-07-31 00:00:00

Hasan MahmudONE of the editorial pieces of The Financial Express in its issue on July 25 addressed the issue of natural resources policy of Bangladesh. There has been a heated debate over it for several years. The debate has even...

Addressing 'whys' of corruption

2007-07-31 00:00:00

M I Ali THE seven points of the Chief of the Army Staff of Bangladesh identifies the low salary of the police as one of the issues that need to be rectified in order to stem corruption in the country....

Quick-steps to a Bollywood hit

2007-07-31 00:00:00

Joe LeahyTHE setting is typical Bollywood glamour -- a boardwalk over azure waters with beach huts in the background and a beautiful blue, if slightly pixellated, sky above.The Hindi music kicks in and the dancer, a Bollywood hero in a...

Citizen journalism website gets multi-million-dollar boost

2007-07-31 00:00:00

SAN FRANCISCO, July 30 (AFP): NowPublic announced today that the fast-growing citizen journalism website has scored 10.6 million dollars (US) in financing to fuel its drive to become the world's largest news agency. The Vancouver-based start-up says it is growing...

China blasts 'protectionism' bill of US

2007-07-31 00:00:00

BEIJING, July 30 (AFP): China's state-run press said Monday a new United States (US) currency bill smacked of protectionism as Treasury Secretary Henry Paulson, visiting the Asian giant for economic talks, called for a stronger yuan. The English-language China Daily...

Malaysia launches massive northern uplift plan

2007-07-31 00:00:00

ALOR STAR, Malaysia, July 30 (AFP): Prime Minister Abdullah Ahmad Badawi today launched a US$ 51-billion development masterplan to spur economic growth and reduce poverty in northern Peninsula Malaysia. The Northern Corridor Economic Region (Northern Corridor) is a government initiative...

Bank of China promotes expansion of edn loans for poor students

2007-07-31 00:00:00

BEIJING, July 30 (Xinhua): The People's Bank of China, the country's central bank, has urged all banks nationwide to expand education loans to college students from needy families, according to a notice on its website Sunday. All financial institutions should...

Nepali youths leave for foreign jobs

2007-07-31 00:00:00

KATHMANDU, July 30 (Xinhua): Some 561 Nepali youths leave the country daily for jobs abroad in the fiscal year 2006/2007, local newspaper The Himalayan Times reported yesterday. According to official data, some 561 Nepali youths leave daily and an equal...

Vietnam electronics export surges in first 7 months

2007-07-31 00:00:00

HANOI, July 30 (Xinhua): Vietnam reaped nearly 1.1 billion U. S. dollars from exporting electronics goods, including computers in the first seven months of this year, a year-on-year rise of 24. 6 per cent, according to the Vietnam Electronic Industries...

ASEAN urged to make progress on trade deals

2007-07-31 00:00:00

MANILA, July 30 (AFP): Southeast Asia must ratify free trade deals with China and South Korea, and make progress on a similar accord with Japan, as the bloc prepares its own free-trade zone, the Philippines said Monday. At a key...

Philippines urged to make better use of aid funds

2007-07-31 00:00:00

MANILA, July 30 (AFP): The World Bank said today it has asked the Philippines to make better use of hundreds of millions of dollars lent by the multilateral agency every year. For 2007, just 15.2 per cent of the total...

S Korea seeks nuclear energy ties with Indonesia, Thailand

2007-07-31 00:00:00

SEOUL, July 30 (AFP): A South Korea delegation has left for Indonesia and Thailand as part of efforts to export civilian nuclear reactors and technology, officials said today. The Ministry of Science and Technology said the eight-member delegation of government...

DBBL conducts smile brighter programme at Satkhira

2007-07-31 00:00:00

FE ReportDutch-Bangla Bank Ltd (DBBL) organised 'smile brighter' programme on July 26-30 at Nalta Hospital in Satkhira town. A plastic surgery team consisting of 5 members headed by eminent plastic surgeon AJM Salek conducted the operations.DBBL initiated the 'smile-brighter' plastic...

More Malaysian entrepreneurs plan set up cattle breeding zone in Myanmar

2007-07-31 00:00:00

YANGON, July 30 (Xinhua): One more Malaysian entrepreneur is making feasibility study on cattle breeding in the central part of Myanmar, dealing with the livestock authorities on setting up of a cattle breeding zone in the country, the local Flower...

JBL half-yearly branch managers'confce held

2007-07-31 00:00:00

FE Report Jamuna Bank Limited (JBL) held its half-yearly branch managers conference-2007 at a city hotel recently. JBL board of directors' Chairman Nur Mohammad inaugurated the conference. JBL Managing Director Mohammed Lakiotullah, Additional Managing Director Md Motior Rahman, executives from...

Fiji seeks meat, labour export chances to Middle East

2007-07-31 00:00:00

WELLINGTON, July 30 (Xinhua): Fiji's interim Commerce Minister Taito Waradi said there is huge potential for Fiji to export "halaal" meat products to the Middle East. And, there is also interest in Dubai for importing skilled workers from Fiji, Waradi...

Vietnam's electronics export surges in first 7 months

2007-07-31 00:00:00

HANOI, July 30 (Xinhua): Vietnam reaped nearly 1.1 billion U. S. dollars from exporting electronics goods, including computers in the first seven months of this year, a year-on-year rise of 24. 6 per cent, according to the Vietnam Electronic Industries...

Oil prices ease below 77 dollars

2007-07-31 00:00:00

SINGAPORE, July 30 (AFP): Oil prices fell in Asian trade today on profit-taking even as key producer Iran expressed opposition to any hikes in OPEC crude output, dealers said. New York's main contract, light sweet crude for September delivery, was...

World's top 100 brands worth more than India's market capital

2007-07-31 00:00:00

NEW DELHI, July 30 (PTI): The top 100 global brands are together valued worth more than USD one trillion but none of them are from India-though almost all are either already present in the country or are seeking a foothold...

Govt suspends deep-sea port plan for fund constraints

2007-07-31 00:00:00

Shipping and Communications Adviser MA Matin Monday said the caretaker government has suspended construction of the proposed deep-sea port considering the huge involvement of fund, reports UNB."It will involve Tk 420 billion (42,000 crore) and it would be complete in...

CRAB holds AGM

2007-07-31 00:00:00

FE ReportThe third annual general meeting (AGM) of Credit Rating Agency of Bangladesh (CRAB) Limited was held at a city hotel recently.CRAB Chairman M Syeduzzaman presided over the meeting. Also present on the occasion were CRAB Vice Chairman Md Matiul...

Conversion of diesel-run vehicles can reduce huge import bill

2007-07-31 00:00:00

FE Report Every year Bangladesh can reduce millions of dollars in fuel import cost through conversion of diesel run vehicles, marine engines and generators to run on compressed natural gas (CNG), discussants said at a workshop.Besides, they said by converting...

Prime Bank opens branch at Ashulia

2007-07-31 00:00:00

FE ReportPrime Bank Limited (PBL) opened the 53rd branch of the bank at Ashulia Monday. PBL Chairman Azam J Chowdhury inaugurated the branch as the chief guest.Managing Director of the bank M Shahjahan Bhuiyan presided over the inaugural programme, while...

Mercantile Bank holds half-yearly conference

2007-07-31 00:00:00

FE ReportThe half-yearly business conference 2007 of Mercantile Bank Limited (MBL) was held at a city hotel recently. MBL audit committee Chairman AKM Shaheed Reza inaugurated the conference as the chief guest. The bank's Acting Managing Director M Nurul Islam...

SJIBL forex branch shifted to new premises to increase business

2007-07-31 00:00:00

FE ReportShahjalal Islami Bank Limited (SJIBL) has shifted its foreign exchange branch to its new premises at Modern Mansion at Motijheel Commercial Area in the city Sunday to cope with the increase in the volume of business and the number...

ICB approves record dividends on all funds

2007-07-31 00:00:00

FE ReportThe Investment Corporation of Bangladesh (ICB) declared record dividends on its eight Mutual Funds and on the Unit Fund.The rates of dividends are 240.00 per cent for the First Mutual Fund, 62.00 per cent for Second, 56.00 per cent...

No steps to curb sky-rocketing prices of essentials in Ctg

2007-07-31 00:00:00

Our CorrespondentCHITTAGONG, Jul 30: No positive steps are yet in sight to rescue general people from sky-rocketing prices of essential commodities in the port city, sources said.The toiling masses are leading their lives amid the constant rise in prices.Goods including...

IBBL holds training course on Ceylinco Fast Cash

2007-07-31 00:00:00

FE ReportInternational Banking Wing of Islami Bank Bangladesh Limited organised a day-long training programme on 'Ceylinco Fast Cash' at the Mohammad Younus Auditorium of Islami Bank Tower Monday. IBBL Executive Committee President M Fariduddin Ahmad was present at the function...

BOI, LEIC sign deal for development of local SMEs

2007-07-31 00:00:00

FE ReportThe Board of Investment (BOI) and Local Enterprise Investment Centre (LEIC) signed a MoU Sunday. Under the deal, LEIC and BOI will work together for the development of the local SMEs through facilitating creation of joint ventures, and offering...

Bank Asia opens ATM booths at Sk Mujib Road, EPZ branches

2007-07-31 00:00:00

FE ReportBank Asia inaugurated its two ATM booths at Sheikh Mujib Road and EPZ branches in Chittagong. Bank Asia Deputy Managing Director Erfanuddin Ahmed inaugurated the booths. Zonal Head Khorshed Alam and all branch mangers of the bank under its...