BEIJING, June 23 (PTI): China's information technology (IT) services outsourcing industry is poised to boom and enjoys distinct advantages over that of India due to huge domestic market and its close interaction with local clients in service and manufacturing industry,...
WASHINGTON, June 23 (AFP): The US economy appears to be emerging from a period of sluggish growth but is "uncomfortably close" to the "stall speed" associated with past recessions, the International Monetary Fund (IMF) said yesterday. In its annual report...
ISTANBUL, June 23 (AFP): The leaders of 12 countries in the Black Sea region, among them Russian President Vladimir Putin, will gather here Monday to discuss projects aimed at boosting trade and economic cooperation. The summit of the Organisation of...
YANGON, June 23 (Xinhua): Eleven Myanmar's state-owned foodstuff factories, rice mills and bran oil mills will be privatised, said the government's Privatization Commission today. Three foodstuff factories of the Myanmar foodstuff enterprise under the ministry of industry-1 and five rice...
KATHMANDU, June 23 (Xinhua): The three-year interim plan to be implemented from the coming fiscal year aims to spend 587.7 billion Nepali rupees on development activities in Nepal, local newspaper The Kathmandu Post reported today. The investment is expected to...
PARIS, June 23 (AFP): An international trade union body yesterday urged governments to clamp down on the activities of private equity funds, describing them as "shameless" and hostile to workers. "Private equity is basically a business model that is antagonistic...
LONDON, June 23 (AFP): Crude oil prices reached their highest levels for nine months this week, before paring gains on news of rising energy stockpiles in the United States. Base metal lead enjoyed yet another record peak as traders fretted...
NEW YORK, June 23 (AFP): The dollar was roiled yesterday by turbulence affecting the stock and bond markets while the euro set another all-time high against the yen, which felt more pressure from the so-called carry trade. Europe's single currency...
MOSCOW, June 23 (AFP): The planned sale of a Siberian gas field by Britain's BP to Gazprom is only the latest twist in a Kremlin campaign to reassert control over Russia's vast energy resources, analysts said yesterday. Friday's announcement of...
RIO DE JANEIRO, June 23 (Xinhua): Brazilian mining company Companhia Vale do Rio Doce (CVRD) said it has found mineral deposits in an ancient mine in Ontario, Canada, that will enable the mine's life to be extended. The drilling project...
KUALA LUMPUR, June 23 (AFP): Oil industry players have given only cautious approval to Malaysia's multi-billion-dollar northern pipeline project, citing slowing oil demand in the Asian region and cost concerns. The owner of the project has said it will cost...
FORT MCMURRAY (Canada), June 23 (AFP): The development of Canada's oil sands is laying waste to its great northern forest and western plains, say critics who point to skyrocketing greenhouse gas emissions, diverted rivers and razed backwoods. And the devastation...
AMMAN, June 20 (CEIS): The second China-Arab Business Conference concluded here yesterday, during which the officials and entrepreneurs discussed bilateral cooperation, vowing to further enhance cooperation in the fields of economy, trade and investment. In the "Amman Document" launched at...
FE ReportA two-day seminar on enhancing export potential of Bangladesh's leather and leather goods through application of total quality management (TQM) concluded in the city Saturday.The seminar was organised by Japan-Bangladesh Chamber of Commerce and Industry (JBCCI), Japan External Trade...
FE Report The two-day Bangladesh Electrical Products Fair - 2007 will kick off tomorrow (Monday) at Dhaka Sheraton with a view to promoting the local electric products. Bangladesh Electrical Merchandise Manufacturers' Association (BEMMA), in collaboration with IFC-SouthAsia Enterprise Development Facility...
RAJSHAHI, Jun 23 (BSS): BRAC, a leading NGO of the country, disbursed micro-credit of over Tk 1.29 billion (129 crore) under the poverty alleviation and rural women empowerment programmes in the district in five months till May this year.The loans...
NATORE, Jun 23 (BSS): Police arrested a fertiliser dealer of BCIC from Lalpur Upazila in the district for cheating in weighing Friday.The arrestee was identified as Mojibur Rahman Moznu, owner of Mollah Variety Shop at Gopalpur Rail Bazar at the...
FE ReportDutch-Bangla Bank Limited, as part of its scholarship programme, awarded scholarships to 200 meritorious and needy students including 10 physically-retarded students who passed HSC examinations in 2006 and studying at tertiary level in the country.Chaired by DBBL Managing Director...
FE Report Apollo Hospitals Dhaka and High Commission of Brunei Darussalam recently signed a corporate agreement to provide medical services and special corporate benefits to their staff. Apollo Hospitals Dhaka Director (Medical Services) and interim Chief Executive Officer (CEO) Praful...
FE ReportIFIC Bank has launched its Visa Credit Card Saturday. The bank's Vice-Chairman Mohammad Lutfar Rahman formally inaugurated the launching by unveiling the replica of the card at a simple ceremony in the city. Among others, the members of IFIC...
Prices of the essential commodities are static in the city markets like the past several days, a market review report of the Bangladesh Rifles (BDR) said in the city Saturday, reports BSS.BDR itself runs and facilitates operation of several makeshift...
Sarwar Zahan US dollar recovered some strength against Bangladesh taka (BDT) last week because of stable demand for the greenback. The exchange rate of the greenback ranged between Tk 68.80 and Tk 69.05 against the previous week's range between Tk...
FE ReportNitol Insurance Company Limited approved 8.0 per cent dividend for its shareholders for 2006 at the 8th annual general meeting (AGM) of the company.The AGM was held at National Shooting Federation's auditorium in the city Thursday.Chairman of the company...
FE ReportPremier Leasing International Ltd and Credit Rating Information and Services Ltd (CRISL) signed a memorandum of understanding (MoU) in the city recently.Under the deal, CRISL will ascertain credit rating of the leasing company.Premier Leasing Managing Director Kazi Emdadul Hoque...
FE Report Islami Bank Bangladesh Limited (IBBL) executive committee Chairman Mominul Islam Patwary stressed balanced growth in foreign exchange business.The IBBL EC chairman laid stress on this as the chief guest at a workshop on 'UCP 600' organised by the...
FE Report National Credit and Commerce Bank (NCC Bank) Limited organised a day-long workshop on 'Asset-Liability Management' for its executives and officers at the NCC Bank Training Institute in the city recently. NCC Bank Managing Director (MD) Md Nurul Amin...
FE ReportFederation of Bangladesh Chambers of Commerce and Industry (FBCCI) Vice-President Dewan Sultan Ahmed has emphasised the need for safety and security of the employees in the workplaces, and good owner-employee relationship for increasing the productivity of the organisations.He said...
SINGAPORE, June 23 (Bloomberg): Asian stocks climbed for a second week. China Mobile Ltd. and Hong Kong Exchanges & Clearing Ltd. led gains after the Chinese government gave its approval for brokerages to buy shares outside the mainland. ``The impact...
Phoenix Finance and Investments Limited Nature of Business Lease Finance and Term Finance Subscription Opens June 24, 2007 Subscription Closes June 28, 2007 Subscription for NRB June 24, 2007 to July 07, 2007 Offer Price (Tk.) 100.00 Face Value (Tk.)...
BRUSSELS, Jun 23 (AFP): European Union leaders Saturday agreed a blueprint for a reform treaty after striking a compromise with Poland in tense all-night talks at a crucial summit. At a pre-dawn press conference, German Chancellor Angela Merkel hailed a...
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