BEIJING, July 10 (AP): China's politically volatile trade surplus soared to a new monthly high in June, the government said Tuesday, showing that demand for Chinese goods remains strong despite concerns about their safety.The surge came despite a series of...
ISTANBUL, July 10 (AFP): Representatives from the world's least developed countries and UN experts drew a bleak picture of the impact of globalisation on poor communities at the start of a two-day conference here yesterday. "Paradoxically, as some countries get...
KATHMANDU, July 10 (Xinhua): Nepal's current fiscal year 2006-07 is ending in mid-July on a pessimistic note, The Kathmandu Post reported today. According to the daily, almost all the vital sectors of economy are indicating that much-needed economic revival is...
SINGAPORE, July 10 (AFP): Malaysian financial executive Ron Tan wasted no time in renewing his lease for a three-bedroom apartment in Singapore when his landlord decided to raise the monthly rent by 300 Singapore dollars. "I see no point in...
BRUSSELS, July 10 (AP): The European Union chose Tuesday France's Dominique Strauss-Kahn to head the International Monetary Fund (IMF).Portugal, which leads talks between all 27 EU nations, said Europe would support Strauss-Kahn, a former French finance minister, after Spain's Rodrigo...
SINGAPORE, July 10 (AFP): Singapore's economy picked up sharply in the second quarter, beating forecasts with a blistering 8.2 per cent gain after an already strong 6.4 per cent expansion in the three months to March, official figures showed today....
FE ReportRecently banglalink signed a corporate agreement with Democracywatch to provide it with banglalink's 'enterprise' package.Under the deal, Democracywatch, one of the oldest NGOs in the local government sector, will enjoy special tariff plan and value added services from banglalink....
MANILA, July 10 (AFP): Philippine exports picked up pace in May, rising 6.1 per cent from a year earlier to 4.12 billion dollars in May as demand for electronics increased, the government said today. The national statistics office said May...
SEOUL, July 10 (AFP): The European Union has called for the complete elimination of tariffs in its proposal to South Korea before a second round of free trade negotiations, officials said today. South Korea offered to scrap all tariffs on...
BRUSSELS, July 10 (AFP): French President Nicolas Sarkozy sought yesterday to reassure Eurozone finance ministers about his budget plans with promises to shake up the French economy, but received a cautious reception. True to his image as a whirlwind of...
YANGON, July 10 (Xinhua): The PTT Exploration and Production (PTTEP) Public Co Ltd of Thailand has found commercial gas deposit at one more test well at Block M-9 in Myanmar's Mottama offshore area, the official newspaper New Light of Myanmar...
BEIJING, July 10 (CEIS): Syria would welcome more Chinese investment in energy, electricity, infrastructure and tourism, visiting Syrian Deputy Premier for Economic Affairs Abdullah al-Dardari said here yesterday. "Syria can offer Chinese companies a lot of investment opportunities because the...
KATHMANDU, July 10 (Xinhua): Nepal Telecom (NT) has embarked on its biggest project yet to increase its capacity by 3.5 million mobile phone lines within the next three years, The Kathmandu Post reported today. Managing Director of the NT Sugat...
BEIJING, July 10 (CEIS): Non-banking financial organisations engaged in insurance, trust, financial or insurance assets management, financial leasing and auto financing have been allowed for the first time to borrow and lend money on China's interbank market as of August...
TEHRAN, July 10 (AFP): Iranian President Mahmoud Ahmadinejad said yesterday that any sales of petrol outside a rationing plan would fuel already-rampant inflation, state news agency IRNA reported. "To specify a 'free' price for petrol under the current conditions is...
KUALA LUMPUR, July 10 (Xinhua): Malaysia is to become a hub for oil trading, futures and securitization involving Islamic oil-structured financial derivatives in East Asia after a seven-billion US dollars Trans-Peninsular Oil Pipeline (TranPen) project kicks off, local media reported...
BEIJING, July 10 (Xinhua): China's currency, the yuan, hit a new high against the US dollar today, according to the Chinese Foreign Exchange Trading System. The value of the yuan went up 240 basis points from Monday's 7.6085 against the...
SINGAPORE, July 10 (AFP): Oil prices were easier in Asian trade today after rising sharply overnight following a warning of a looming supply crunch from the IEA, dealers said. They said the market was also waiting for the US government's...
FE ReportUnited Airways (BD) Limited, the country's second private sector airlines, eyes Tk 20 billion in market share over the next five years.The Airways starts its commercial operation today (Wednesday) on Dhaka-Sylhet and Dhaka-Chittagong route.The airlines started its debut flights...
Grameenphone (GP) has embarked upon a CSR (corporate social responsibility) partnership with Sightsavers International to provide free eye-care services among the poorest population across the country, reports UNB.To this effect, Grameenphone and Sightsaver International signed a partnership agreement at a...
FE ReportWarid Telecom International Limited in Bangladesh has launched international roaming services with 60 operators across 30 countries.From now on subscribers could roam with Warid network and stay connected with their near and dear ones while visiting 30 countries switching...
FE ReportBRAC Bank Limited recently launched 'Sammriddhi', a loan scheme for the country's light engineering sector, with the support of SEDF-IFC. BRAC Bank Head of Corporate Banking Khwaja Shahriar launched the scheme at a press conference, arranged by BRAC Bank...
Our CorrespondentCHITTAGONG, Jul 10: Although the Chittagong WASA collected a record amount of revenue-about Tk 420 million in fiscal 2006-2007-it had failed to enhance its water drilling capacity in the previous years.The revenue earnings made in the last fiscal was...
FE ReportA money-transfer agreement was signed between IFIC Bank Ltd and Seylan Bank Ltd, Sri Lanka in the city recently, said a press release..Senior Executive Vice-president (SEVP) and Head of Treasury and International Banking of IFIC Bank Ltd Mosharraf Hossain...
CAIRO, July 10 (AFP): Egypt agreed yesterday to offer 80 per cent of the country's third largest public sector bank, Banque du Caire, to a strategic investor, a cabinet spokesman told the news agency. "Today the central bank agreed to...
The Dhaka Stock Exchange (DSE) Monday asked the merchant bankers to extend loans cautiously to their clients so that the market remained unaffected, reports bdnews24.com.The appeal was aimed especially at banks and non-bank financial institutions (NBFIs) that held merchant banking...
FE ReportDutch-Bangla Bank Limited (DBBL) has signed an ATM sharing agreement with Southeast Bank Limited (SEBL) at a simple ceremony held in the city Tuesday.Under the agreement, SEBL customers will be able to withdraw money from the ATM booths of...
FE Report President of the Institute of Chartered Accountants of Bangladesh (ICAB) M Farhad Hussain has asked the government to form a task force to evaluate the necessity, objectives, framework, functioning modalities and appropriateness of the accounting profession contained in...
Standard Bank gets SEC consent for issuance of right shares Standard Bank Ltd has got SEC consent for issuance of 65,57,760 right shares amounting to Tk. 65,57,76,000.00 on the basis of one right share for two existing shares at an...
Bangladesh army has undertaken a massive programme to make the National Tree Plantation Campaign-2007 a success.Army Quarter Master General Md Jahangir Alam Choudhury formally inaugurated the tree plantation campaign by planting an Amropali sapling beside army central mosque in the...
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