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YKK organises global marketing seminar

2007-07-29 00:00:00

FE ReportYKK Bangladesh (Pvt.) Limited, the world's largest zipper manufacturing company, has recently organised its third global marketing seminar at a city hotel.YKK Bangladesh (Pvt.) Limited Managing Director Hiroaki Nakamura delivered the inaugural speech at the seminar.Also present on the...

Toyota to test electric plug-in hybrid Prius cars

2007-07-29 00:00:00

SAN FRANCISCO, July 28 (AFP): Toyota announced this week a partnership with the University of California to road test two plug-in hybrid cars, a step toward getting the fuel-efficient vehicles to consumers. The study to be launched this fall will...

Sri Lanka bans import of live birds from India

2007-07-29 00:00:00

COLOMBO, July 28 (AFP): Sri Lanka today banned imports of live birds and chickens from India following an outbreak of bird flu in the neighbouring country, an official said. "Sri Lanka has banned imports with immediate effect, after we received...

China issues new regulations to tighten food safety rules

2007-07-29 00:00:00

Zhengzhou, July 28 (PTI): China has issued new regulations that require stronger supervision of food safety and imposition of heavy fines on rogue exporters amid serious global concern on the quality of its products. The regulation issued yesterday by the...

Islami Bank plays vital role in strengthening economy

2007-07-29 00:00:00

FE Report Islami Bank Bangladesh Limited (IBBL) has played a significant role in changing the fate of the people, achieving self-reliance and strengthening the entire economy of the country. IBBL Chairman Abu Nasser Muhammad Abduz Zaher said this while speaking...

Taiwanese co to invest $7.93m in DEPZ

2007-07-29 00:00:00

FE ReportLasting Spring Metal Industries Limited (LSMIL), a Taiwanese company, will invest $7.930 million (79.30 lakh) to set up a metal-based garments accessories industry in Dhaka Export Processing Zone (DEPZ). A lease agreement to this effect was signed between the...

Kailashtila NGLF plant likely to go into operation in Oct

2007-07-29 00:00:00

SYLHET, July 28 (UNB): Kailashtila NGL Fractionation Plant in Golapganj Upazila, a potential venture in the energy sector, is likely to go into production next October to meet part of the country's growing need for fuels.Official sources said work on...

Independent power plants could increase at least 400mw power

2007-07-29 00:00:00

The country could increase power generation by 400 megawatt (mw) hooking captive power generation of Independent Power Plants (IPP) belonging to 100 industrial companies with national power distribution system, reports BSS. Power generation cell (PGC) sources told the news agency...

EXIM Bank holds get-together

2007-07-29 00:00:00

FE Report EXIM Bank Bangladesh Limited organised a get-together for its family members at a city hotel recently. Chaired by EXIM Bank Managing Director Kazi Masihur Rahman, the get-together was attended, among others, by its Chairman Md Nazrul Islam Mazumder...

Oracle launches R&D network for Asia Pacific & Japan

2007-07-29 00:00:00

FE ReportOracle, the world's largest enterprise software company has formed a single research and development (R&D) network by linking its 19 development and solution centers in Asia Pacific and Japan to build, test, and showcase leading-edge technology innovations across the...

Employment Bank to disburse Tk 1.01b in current fiscal

2007-07-29 00:00:00

FE ReportKarmasangsthan (Employment) Bank has targeted to disburse Tk 1.01 billion (101 crore) during the current fiscal year (2007-2008). It was revealed at the Branch Managers' Conference 2007 at the BIAM Foundation in the city Saturday. Chairman of the bank...

Apollo, Paradise Group sign corporate deal

2007-07-29 00:00:00

FE ReportApollo Hospitals Dhaka signed a corporate agreement with Paradise Group recently to provide medical services and special corporate benefits to their staff. Apollo Hospitals Director (Medical Services) and interim CEO Praful B Pawar and Paradise Group Chairman Md Mosharraf...

Greenback soft against BDT

2007-07-29 00:00:00

Sarwar Zahan US dollar was soft against Bangladesh taka (BDT) last week although the demand for the greenback was high. The exchange rate of the greenback moved between Tk 68.52 and Tk 68.66 against the previous week's range between Tk...

Mobile team finds incidents of water pilferage under Ctg WASA

2007-07-29 00:00:00

Our Correspondent CHITTAGONG, July 28: Three separate incidents of pilferage of huge quantity of water of Chittagong WASA have been unearthed at Nasirabad and Bayazid Bostami areas in the port city.Chittagong Port Magistrate Md Munir Chowdhury, also assigned with the...

Water pollution, bank grabbing making Karnaphuli a dead river

2007-07-29 00:00:00

Fakhrul AlamCHITTAGONG, July 28: The Karnaphuli is gradually becoming a dead river amid dreadful pollution and constant bank grabbing by different quarters.According to sources, a number of government and private organisations have so far grabbed around 2,000 acres of land...

Chevron profit increase best in class

2007-07-29 00:00:00

NEW YORK, July 28 (Reuters): Chevron Corp. posted a 24 per cent increase in second-quarter net income, the best among the world's biggest oil companies, because of record gasoline prices and the sale of a stake in Dynegy Inc.Profit rose...

Lululemon stock up 50pc in eagerly awaited IPO

2007-07-29 00:00:00

OTTAWA, July 28 (Reuters): Newly issued shares of Lululemon Athletica Inc. (LULUV.O: Quote, Profile , Research) (LLL.TO: Quote, Profile , Research) roared 50 per cent higher in their first day of trade Friday as investors stretched for a piece of...

Awareness raising on gender issues stressed in LGED workshop in city

2007-07-29 00:00:00

FE ReportA daylong workshop on 'Finalisation of Gender Action Plan-II (2008-2015) of LGED' was held at the LGED Headquarters in the city Saturday. Local Government Division (LGD) Director General Abul Kashem formally inaugurated the workshop as the chief guest.Chaired by...

Asian stocks close sharply lower

2007-07-29 00:00:00

HONG KONG, July 28 (AFP): Asian stocks closed sharply lower Friday, hit badly in a global sell-off sparked by heavy Wall Street losses on concerns growing problems in the US housing sector could spark a credit crunch, dealers said.The downturn...

Europe stocks fall

2007-07-29 00:00:00

LONDON, July 28 (MarketWatch): European stocks closed lower Friday in a volatile session, with credit-market jitters again reverberating through the market as Cadbury Schweppes delayed the sale of its US beverage unit on worries over the financing that potential buyers...

IPO diary

2007-07-29 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...

Pakistan tightens security after mosque suicide blast

2007-07-29 00:00:00

ISLAMABAD, Jul 28 (AFP): Pakistan boosted security Saturday fearing further attacks a day after a suicide bombing during protests at Islamabad's pro-Taliban Red Mosque killed 14 people.Authorities were also investigating how the attacker was able to strike at a crowded...

Four killed, 10 hurt by car bomb in Baghdad

2007-07-29 00:00:00

BAGHDAD, Jul 28 (AP): A parked car bomb exploded in a busy shopping street in predominantly Shiite eastern Baghdad on Saturday, killing at least four people and wounding 10, police said.The bomb was the latest in a series of explosions...

Thailand steps up security ahead of anti-junta protest

2007-07-29 00:00:00

BANGKOK, Jul 28 (AFP): Thousands of troops were deployed in the Thai capital Saturday to reinforce security amid fears protests against the country's army-backed government could again turn violent.Most of the 2,100 troops were guarding Sanam Luang plaza in central...

SE Asia to set up N monitor

2007-07-29 00:00:00

MANILA, Jul 28 (AP): Southeast Asian countries will set up a safety watchdog to ensure that nuclear power plants in the region are not used to produce weapons or aid terrorists and other criminal groups, an official said Saturday.The Association...

US Congress passes 9/11 bill

2007-07-29 00:00:00

WASHINGTON, Jul 28 (AFP): The US Congress Friday sent President George W. Bush a bill implementing key recommendations of the independent probe into the September 11 attacks in 2001.The measure requires the introduction of a system to screen all cargo...

Afghan negotiators 'hopeful' in SKorean hostage crisis

2007-07-29 00:00:00

GHAZNI (Afghanistan), Jul 28 (AFP): Negotiations resumed in Afghanistan Saturday to free 22 South Koreans kidnapped by the Taliban as a top envoy from Seoul was set to hold high-level meetings over the crisis.Afghan officials said they remained "hopeful" of...

Abe in last plea to voters on election eve

2007-07-29 00:00:00

TOKYO, Jul 28 (AFP): Beleaguered Japanese Prime Minister Shinzo Abe Saturday pleaded with voters to trust him to carry out reforms, on the eve of an election predicted to hand a crushing defeat to the conservative leader.Abe has long championed...

Freed Indian doctor to leave Australia

2007-07-29 00:00:00

SYDNEY, Jul 28 (Reuters): An Indian doctor freed from jail after Australia dropped terrorism charges against him will be leaving Australia Saturday after receiving the go-ahead from immigration officials, his lawyer said.Mohamed Haneef was released from prison Friday after Australian...

Libya to spell out position after medics' pardon

2007-07-29 00:00:00

TRIPOLI, Jul 28 (AFP): Libya's leaders are to hold a news conference Saturday after sharply criticising a decision by Bulgaria's president to pardon six medics from life jail terms in an AIDS case.Prime Minister Baghdadi Mahmudi and Foreign Minister Abdel...