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EU starts second round talks with S Korea on free trade deal

2007-07-18 00:00:00

BRUSSELS, July 17 (Xinhua): The European Union kicked off the second round talks with South Korea on a free trade deal yesterday, offering totally free market access for South Korean exports on condition of reciprocity. "The EU has never before...

Beijing issues central bank bills to rein in excessive lending

2007-07-18 00:00:00

BEIJING, July 17 (CEIS): China's central bank issued 101 billion yuan (13.3 billion US dollars) in three-year directional bills last Friday to rein in snowballing commercial bank lending, prompting further speculation over an imminent rise in interest rates. "Interest rate...

S Korea's overseas construction orders hit record high

2007-07-18 00:00:00

SEOUL, July 17 (AFP): Orders won overseas by South Korean constructions firms have hit a record high largely thanks to the booming Middle East, official data showed today. As of July 13, South Korean contractors secured 17 billion dollars in...

Pakistan gets highest ever amount as workers' remittances

2007-07-18 00:00:00

KARACHI, July 17 (APP): Pakistan received the highest ever amount of more than $ 5.493 billion as workers' remittances during the last fiscal year 2006-07.According to the SBP here yesterday, never before in the history of Pakistan, the country received...

Indonesia-India two-way trade to hit $10b

2007-07-18 00:00:00

JAKARTA, July 17 (Xinhua): Indonesian President Susilo Bambang Yudhoyono said yesterday two-way trade between Indonesia and India is expected to hit a historic record high of 10 billion US dollars by 2010. "The bilateral trade target of 10 billion US...

Singapore key exports grow at weaker pace in June

2007-07-18 00:00:00

SINGAPORE, July 17 (AFP): Singapore's key exports grew at a slower 1.2 per cent in June, dragged down by a continued slump in electronic exports, the government said today. Overall trade growth projections for 2007 was also revised downwards to...

Oil prices little changed on eve of US energy reserves report

2007-07-18 00:00:00

SINGAPORE, July 17 (AFP): Oil prices were little changed at near record highs in Asian trade today as the market waited for the release of a weekly US report on energy stockpiles, dealers said. New York's main contract, light sweet...

Dollar mixed ahead of key data

2007-07-18 00:00:00

TOKYO, July 17 (AFP): The dollar edged up against the yen but stayed close to a record low against the euro in Asian trade today as players sat on their hands ahead of a batch of US economic data, dealers...

High price or not, wheat imports to continue in India

2007-07-18 00:00:00

NEW DELHI, July 17 (PTI): Agriculture Minister Sharad Pawar, weathering allegations over wheat imports, yesterday said the government will continue purchases from abroad even if the price was high but not compromise on quality in its quest to build stockpiles....

US beef on full-scale sale in South Korea next month

2007-07-18 00:00:00

SEOUL, July 17 (AFP): Almost all major South Korean retail chains are set to begin selling US beef next month despite protests by activists, a report said today. About 20 department stores and discount outlets plan to put US beef...

China's summer crop output expected to rise slightly

2007-07-18 00:00:00

BEIJING, July 17 (CEIS): China's summer crop output will rise by 1.9 per cent to 116 million tons in 2007, 22 million tonnes more than last year's output, the Ministry of Agriculture (MOA) said yesterday. The output of wheat is...

Talks on Lanka-Bangla direct air, shipping links held

2007-07-18 00:00:00

Bangladesh and Sri Lanka decided to intensify talks to establish direct air and shipping links to expand bilateral trade and economic cooperation, reports UNB.A trade delegation from Bangladesh and an aviation team from Sri Lanka will soon visit each other's...

Luna, Dohatec, Bangladesh software recognised at Microsoft Worldwide Partner Conference

2007-07-18 00:00:00

FE ReportDohatec has been the first local software company, highlighted by Microsoft Corporate Vice President Allison Watson in the opening of Microsoft Worldwide Partner Conference (WPC) 2007, held recently at Dever in the US. This is the largest conference of...

Bangladesh-Indonesia JEC meeting starts in city from July 23 to boost bilateral trade

2007-07-18 00:00:00

FE ReportThe first meeting of Bangladesh and Indonesia Joint Economic Commission (JEC) will start in the city from July 23 with a view to boosting bilateral trade between the countries.Official sources said, after formation of the JEC in 2004 between...

Tk 93.6m DBBL donation for modernisation of Ibrahim Cardiac Hospital

2007-07-18 00:00:00

FE Report As part of its corporate social responsibility (CSR), Dutch-Bangla Bank Ltd (DBBL) has donated a sum of Tk 93.6 million (Tk 9.36 crore) to Diabetic Association of Bangladesh (DAB) for equipping the Ibrahim Cardiac Hospital and Research Institute,...

ABC Footwear to use ScanCement

2007-07-18 00:00:00

FE ReportABC Footwear Industries Ltd. has chosen ScanCement exclusively for its construction project due to the latter's high and consistent quality, said a press release.ABC Footwear Industries Ltd. has decided to use ScanCement among all other brands available in the...

Delta Life's MD off to Luxemburg

2007-07-18 00:00:00

FE ReportDelta Life Insurance Company Managing Director Das Deba Prasad left the country for Luxemburg Monday to attend a workshop on 'Performance Indicators for Micro-insurance'. The workshop has been organised by ADA, the Belgium Raiffeisen Foundation (BRS) and the CGAP...

BCBL branch managers urged to maximise recovery of loans

2007-07-18 00:00:00

FE ReportThe half yearly branch managers' conference - 2007 of Bangladesh Commerce Bank Limited (BCBL) was held recently at the bank's training institute premises.BCBL Managing Director Mohammad Farhad Hossain presided over the conference, while its board of directors Chairman and...

Pioneer Ins becomes corporate client of Square Hospitals

2007-07-18 00:00:00

FE ReportPioneer Insurance Limited has become the corporate client of Square Hospitals Limited. In this connection, an agreement was signed between the two organisations in the city recently, said a press release. Director (Medical Services) of Square Hospitals Sanawar Hossain...

Most Asian markets advance

2007-07-18 00:00:00

HONG KONG, July 17 (AP): Most Asian markets advanced Tuesday as shares in Hong Kong gained and Taiwan stocks hit a new seven-year high. Japanese shares, meanwhile, slipped on concerns about the previous day's earthquake.JAKARTA: Indonesia shares rose, led by...

Walton opens showroom at Tarash Bazar

2007-07-18 00:00:00

FE ReportCountry's renowned electrical, electronics and automobiles brand Walton exposed its exclusive showroom Tajbir Electronics at Tarash Bazar Road in Sirajganj recently, said a press release. Brand Ambassador of Walton film actor Ilias Kanc-han inaugurated the showroom.Proprietor of Tajbir Electro-nics...

European shares fall

2007-07-18 00:00:00

LONDON, July 17 (AFP): Europe's main stock markets sank Tuesday, with the mining sector taking a hit from weak metals prices after a mixed overnight US showing. London's FTSE 100 index of leading shares dropped 0.82 per cent to 6,643.00...

corporatewatch

2007-07-18 00:00:00

Bangladesh Services AGM on Sep 3The 34th annual general meeting (AGM) of Bangladesh Services will be held at the Dhaka Sheraton Hotel on September 3, '07. The book-closure of the company will be ranged between August 16, '07 and September...

Republic Ins, CRAB sign agreement for credit rating

2007-07-18 00:00:00

FE ReportRepublic Insurance Company Limited. has signed an agreement with Credit Rating Agency of Bangladesh Limited (CRAB) for the credit rating of the company in the city recently, said a press release. Under the agreement, CRAB will provide rating services...

Defiant Pakistani militants blow up checkpoints

2007-07-18 00:00:00

MIRANSHAH, (Pakistan), July 17 (AFP): Pro-Taliban militants Tuesday rebuffed the Pakistani government's efforts to save a peace deal in a tense tribal area, and blew up two security checkpoints in a sign of defiance. Rebels handed out pamphlets from a...

Limiting population growth

2007-07-17 00:00:00

TWO contrasts can put focus on how serious is the overpopulated condition of Bangladesh. The United States of America (USA) is physically bigger than Bangladesh by at least fifty times. But it has a population of 294 million, a little...

Who to get performance medal?

2007-07-17 00:00:00

Qazi AzadAFTER a brief shower last Tuesday -- July 10, this scribe had to negotiate his way back home from his office through waters on some major roads in the Dhaka city, which were deep enough at some places for...

Costs and benefits of remittances

2007-07-17 00:00:00

Jamaluddin Ahmed FCA in the second of a three-part articleCOST of remittances are unpredictable. When remittance funds are spent on consumer goods, demand is increased, generating inflationary pressure and pushing up wages level. Flows thereof then result in little or...

Canada raises rate to six-year high

2007-07-17 00:00:00

Daina Lawrence in OttawaCANADA'S central bank raised its key interest rate last week amid growing concern about inflationary pressures and a soaring Canadian dollar, which is cutting into demand for exports and hurting manufacturers.The Bank of Canada raised the overnight...

Thoroughly unreliable

2007-07-17 00:00:00

The reformists in both the Awami League and the Bangladesh Nationalist Party were all with their party chiefs even after 1.11 until it became clear to them that corruption charges against the politically powerful would be pushed ahead for illegally...