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Trade-off on Doha begins to take shape

2007-06-22 00:00:00

Alan Beattie, FT Syndication ServiceLONDON: Great powers have gathered in Potsdam, Germany. The British are changing prime ministers. The French are annoyed at being excluded. The Poles are worried about being sold out. A great deal rests on the Americans.But...

Slump in monsoon rain may improve flood situation

2007-06-22 00:00:00

A slump in the monsoon rains over the north and north-eastern parts of the country as well as in Indian states of Assam-Meghalaya and Tripura is likely to help the prevailing flash flood situation in the north-east improve further, Flood...

Teletalk consumers to know about time of load-shedding

2007-06-22 00:00:00

FE ReportThe Teletalk consumers will be able to know the time and duration of load-shedding of all areas in the capital from today (Friday) by sending a short message service (SMS) to 3372 from their cell phones.The Dhaka Electric Supply...

G4 talks fail; India says 'NO' to opening farm mkts

2007-06-22 00:00:00

NEW DELHI, June 21(ZEE news): Dealing another blow to WTO`s Doha Round, crucial talks between four major players at Potsdam in Germany failed today as India refused to yield any ground on giving market for farm products to rich countries....

Developments in the region and abroad

2007-06-22 00:00:00

US loses 14 more troops in IraqBAGHDAD, Jun 21 (AP): The U.S. military announced the deaths of 14 American troops, including five killed Thursday in a single roadside bombing that also killed four Iraqis in Baghdad.The deadliest attack was a...

President visits landslide affected areas in Chittagong

2007-06-22 00:00:00

President Iajuddin Ahmed Thursday visited the landslide-ravaged Lebu Bagan area in Chittagong on a relief mission, reports UNB.The President talked to the affected people and asked the authorities concerned to provide them “all kinds of assistance”.Later, he went to an...

Lack of patronage, red-tapism hinder implementation of CWASA's Tk 13.0b projects

2007-06-22 00:00:00

Our CorrespondentCHITTAGONG, June 21: Due to lack of proper patronage and acute red-tapism of the previous governments, three different projects of Chittagong WASA (CWASA) worth Tk 13.0 billion (130 crore) are yet to see the light of the day. As...

Sea Palace's spl offer for Prime Bank officials

2007-06-22 00:00:00

FE ReportPrime Bank Ltd (PBL) and Hotel Sea Palace (HSP) signed an agreement in the city recently to offer certain privileges to PBL officials and vice versa.Under the agreement, the PBL employees will get discount on HSP's services. In addition,...

Proper knowledge of VAT, income tax vital for businesses

2007-06-22 00:00:00

FE ReportDCCI Director Manzur Ur Rahman said proper knowledge of income tax laws are needed for smooth running of business organisations.He said this at the certificate distribution ceremony of a training course on 'rules and procedures of value-added tax (VAT)...

European stocks lower

2007-06-22 00:00:00

LONDON, June 21 (AFP): European shares lost ground Thursday as concerns about bond yields resurfaced, with exchange M&A in focus after the London Stock Exchange said it's considering merging with Borsa Italiana.The pan-European Dow Jones Stoxx 600 index lost 0.7...

Asian stocks sharply fall

2007-06-22 00:00:00

SINGAPORE, June 21 (Reuters): Asian stocks have brushed aside a sharp fall in US shares with encouraging data for global economy.The yen bounced along near recent lows against the euro and the dollar and some traders say the low-yielding currency...

Abnormal rise in prices of construction materials in Rajshahi

2007-06-22 00:00:00

Our CorrespondentRAJSHAHI, June 21: Prices of construction materials have gone up abnormally in the recent days in the district affecting construction works.According to sources, last year a truck of first class bricks was sold at Tk 5,000 but this year...

Over Tk 1.52b RCC budget announced

2007-06-22 00:00:00

Our CorrespondentRAJSHAHI, June 21: The acting Mayor of Rajshahi City Corporation (RCC), Rezaunnabi Dudu announced a proposed budget of Taka 1521.865 million (Taka 152 crore 18 lakh 65 thousand and fifty three) of RCC for the 2007-2008 fiscal year at...

Bay Leasing, CRAB sign credit rating agreement

2007-06-22 00:00:00

FE Report Bay Leasing and Investment Limited (BLIL) and Credit Rating Agency of Bangladesh (CRAB) Limited recently signed an agreement for credit rating of the company. CRAB Managing Director and Economic Adviser to its board Masihur Rahman and BLIL Managing...

Dhaka Bank holds training programme

2007-06-22 00:00:00

FE ReportDhaka Bank Limited organised a general management training programme on leadership and success in collaboration with Sensei International, Dubai at a city hotel recently.Acting Managing Director of the bank Khondker Fazle Rashid inaugurated the training programme.Company Secretary Arham Masudul...

corporatewatch

2007-06-22 00:00:00

Recommendation of company dividendSonarbangla Ins: The board of directors of Sonarbangla Insurance Company Limited has recommend 7.0 per cent cash dividend for its shareholders for the year 2006. The annual general meeting (AGM) of the company will be held on...

S'porean entrepreneurs keen to invest in textile sector

2007-06-22 00:00:00

The visiting Singaporean textile entrepreneurs have expressed keen interest to invest in the country's composite textile sector.The delegation led by Singaporean Textile and Fashion Federation (TaFf) President Benny Pua expressed this at a press conference at a city hotel Thursday,...

Mongla Port users urge govt to ensure water depth in channel for safe shipping

2007-06-22 00:00:00

Our CorrespondentMONGLA, June 21 : The users of Mongla Port (MP) have urged the authorities concerned to undertake proper steps to maintain adequate water depth in the channel, and ensure safe shipping at day and night.The existing facilities of MP...

Two DAP fertiliser factories constructed in Ctg

2007-06-22 00:00:00

The construction of two di-ammonium phosphate (DAP) fertiliser factories in Chittagong was completed recently at a cost of Taka 10.30 billion (1,030 crore) to meet the growing demand of the phosphatic fertilisers in the country, reports BSS. The total production...

Govt compensates bird flu-hit poultry owners

2007-06-22 00:00:00

JOYPURHAT, Jun 21 (BSS): The government distributed cheques against the proposed compensation offer for the bird flue-affected poultry farm owners of Panchbibi Upazila of the district Wednesday.A simple programme was organised here with Uapazila Nirbahi Officer Momtaz Uddin in the...

BSC to buy 13-year old container vessel

2007-06-22 00:00:00

Our CorrespondentCHITTAGONG, June 21: Bangladesh Shipping Corporation (BSC) in its 224th board meeting held at BSC Bhaban in Chittagong resolved to construct a 30-story building in Dhaka and procure a 13-year old container vessel capable of handling 500 to 700...

ICB declares NAV of two unit funds

2007-06-22 00:00:00

FE ReportAsset Management Company Limited (AMCL), a subsidiary of Investment Corporation of Bangladesh (ICB), has declared net asset values (NAV) of its two unit funds. The total NAV of ICB AMCL Unit Fund stood at Tk 545,446,480.98 on the basis...

BAB nominates Bulbul FBCCI director

2007-06-22 00:00:00

FE Report Members of the executive committee (EC) of the Bangladesh Association of Banks (BAB) unanimously nominated EXIM Bank audit committee Chairman AKM Nurul Fazal Bulbul a director in the board of Federation of Bangladesh Chambers of Commerce and Industry...

CBCL launches Probriddhi Loan at Sylhet branch

2007-06-22 00:00:00

FE ReportCommercial Bank of Ceylon Limited (CBCL) has recently launched a SME loan product under the brand name of "Probriddhi" at its Sylhet branch.CBCL Chief Operating Officer S Prabagar handed over the document to the first customer of "Probriddhi Loan"...

President urges universities to ensure quality education

2007-06-22 00:00:00

CHITTAGONG, June 21 (UNB): President Iajuddin Ahmed Thursday urged the universities to impart contemporary knowledge in consonance with up-to-date curricula and moral values to ensure quality education and develop intellect and morality in the society."Bangladesh, being a developing country, needs...

Major rivers mark rise again in greater Rangpur

2007-06-22 00:00:00

RANGPUR, June 21 (BSS): All major rivers and their tributaries marked rise again following continuous onrush of hilly waters from the upper catchments in greater Rangpur area, official sources said. Over 16,000 people in the low-lying char areas in 28...

Excessive rains damage roads, bridges, culverts in Chittagong

2007-06-22 00:00:00

Our CorrespondentCHITTAGONG, June 21: Extensive damages were caused to roads, bridges and culverts in the port city following excessive rains that swept the entire city recently. The extent of damages and losses may exceed Tk. 1 billion, CCC sources said.The...

Low turns into monsoon depression

2007-06-22 00:00:00

The well-marked low over the Bay of Bengal intensified into a monsoon depression at 12:00 noon Thursday, in close succession to recent weather inclemency, reports UNB.A Met office bulletin said the well-marked low over west central Bay and adjoining east...

R&H engineer arrested for taking bribe

2007-06-22 00:00:00

MYMENSINGH, June 21 (bdnews24.com): Joint forces arrested a roads and highways engineer, Mohammad Bayezid, in Mymensingh Wednesday. Colonel Iqbal of the joint forces alleged that Bayezid had demanded a Tk .50 million bribe from road contractor Syed Mojibar Rahman. This...

BATB to distribute .20m saplings in city

2007-06-22 00:00:00

British American Tobacco Bangladesh (BATB) will distribute .20 million saplings free of cost from today (Friday), reports UNB.Environment and Forest Ministry acting secretary AHM Rezaul Karim inaugurated saplings distribution programme at a function held at Krishibid Institute in the city...