FE ReportAn agreement on instant cash service was signed between Islami Bank Bangladesh Limited (IBBL) and USA-based Placid NK Corporation (PNKC) in the US recently. IBBL Deputy Executive President and Head of International Banking Wing Mohammad Abdul Mannan and PNKC...
The government has decided to set up two new urea fertiliser factories in the country in the wake of increasing demand in the agricultural sector, reports UNB.One of the proposed factories, North-West Fertiliser Factory Limited, will be set up in...
Arab Bangladesh Bank (AB) approved a 30 per cent dividend for its shareholders at its 25th annual general meeting (AGM) held in the city recently, said a press release.The bank is celebrating its silver jubilee this year with a marked...
Our CorrespondentCHITTAGONG Sept 6: Drug smuggling through different points of Teknaf and Ukhiya borders into Myanmar is rampant.Hundreds of pharmacies have been built up at different places, including the zero points, along the aforesaid border areas, sources said.Sales representatives of...
FE ReportThe 47th annual general meeting (AGM) of 'Bangladeshiyo Cha Sangsad' - Bangladesh Tea Association (BTA), the only representative organisation of the owners of the country's tea gardens, was held at Agrabad in Chittagong recently. BTA Senior Vice-Chairman Mohd Safwan...
Hundreds of lawyers rallied and boycotted courts across Pakistan in a renewed campaign to force President Pervez Musharraf to step down as supporters of former premier Nawaz Sharif prepared for his promised return from exile, report agencies.Courts in major cities...
YANGON, Sept 6 (AFP): Hundreds of Buddhist monks have taken about 20 members of Myanmar's security forces hostage inside their monastery, one day after clashes broke out at an anti-junta protest, residents told AFP Thursday. The security forces came to...
BAGHDAD, Sept 6 (AFP): US air strikes on a Baghdad neighbourhood before dawn Thursday killed 14 civilians while they were sleeping and destroyed several houses, angry residents and Iraqi officials said. Defence and interior ministry officials said US helicopters fired...
BILWI, (Nicaragua), Sept 6 (AFP): Rare double hurricanes lashed Nicaragua, Honduras and Mexico Wednesday, killing at least 38 people as a waning Felix left a trail of destruction and Henriette gathered force. Nicaraguan authorities said Felix's toll was likely to...
Scores of Taliban killed in fresh Afghan clashes KABUL, Sept 6: International and Afghan troops backed by air power killed scores of Taliban militants as heavy fighting intensified across southern Afghanistan, officials said Thursday. The latest bloodshed in the insurgency-hit...
THE uneasy development until now forbids telling the last word on the ultimate fate of the local readymade garment (RMG) industry. But it now confronts some ominous signals, exposing the whole sector to new uncertainties about export earnings. A relatively...
Md Abdul Jabbar PEOPLE from all sections of society extended welcome to newly formed caretaker government after the change-over of 1/11 this year due to particularly their drive against corruption. This is the first government which dared to make accountable...
Richard McGregor and Peter SmithCHINA'S soaring energy demand has forced it back into the global natural gas market in search of cleaner burning though potentially more expensive fuels to power industry and provide residential electricity. Hu Jintao, China's president, presided...
John BurtonTHE launch of big development zones to attract foreign investment to areas along Malaysia's frontiers with Singapore and Thailand has been clouded by problems with a more modest project outside Kuala Lumpur.The trouble started when the Dubai partner granted...
DHAKA is described as a 'mega' city for having a population of over 10 million. It would acquire new status as a 'meta' city for its population size increasing to 20 million or beyond by 2020. This was projected in...
FARMERS are in a resentful mood for not getting the fertiliser on visiting the appointed shops or dealers. In most cases, the local stocks of the fertiliser appear to be far below what are needed for fully supplying the farmers....
THE Dhaka Metropolitan Police banned honking in some of the city's busy streets a few months ago. It was imposed with an expectation that the level of noise pollution in the city would reduce to some extent. The roads on...
GENEVA, Sept 6 (Agencies): Developing countries are enjoying their brightest economic spell since the early 1970s, but must join forces to guard against shifts in the global economy and financial turmoil, the UN's trade and development agency said yesterday. The...
SYDNEY, Sept 6 (AFP): Chinese President Hu Jintao vowed more action to boost imports today, telling a business audience in Sydney that Beijing did not want to run a large trade surplus. His comments came a day after US President...
NEW YORK, Sept 6 (APP): Crediting President Pervez Musharraf with Pakistan's economic boom, a leading US financial newspaper yesterday said that despite current political difficulties, the emerging economic force of entrepreneurs are demonstrating confidence in the country's future. Since President...
BAGHDAD, Sept 6 (AFP): Improved security is boosting Iraq's war-ravaged economy which is heading for growth of more than six per cent this year, a senior US official said yesterday, supporting IMF projections. "The improvement on the security side is...
]SYDNEY, Sept 6 (AFP): Australia's unemployment rate remained steady at a near 33-year low of 4.3 per cent in August, official data released today showed. The Australian Bureau of Statistics (ABS) data was unchanged from July and close to a...
SINGAPORE, Sept 6 (AFP): India has the largest number of profitable companies with revenues or market capitalisation above 5.0 billion US dollars in the Asia Pacific region, Forbes business magazine said today. The US business publication said 12 Indian companies,...
DALIAN, Sept 6 (PTI): Top CEOs of India Inc along with Gujarat Chief Minister Narendra Modi and a couple of members of parliament will be leading the large Indian contingent at the World Economic Forum's (WEF) inaugural annual meeting of...
OTTAWA, Sept 6 (AFP): The Bank of Canada (BoC) held its key lending rate at 4.50 per cent yesterday, noting economic growth outside North America seemed "slightly stronger than anticipated," despite a US housing crunch. "Near-term economic prospects for the...
SINGAPORE, Sept 6 (AFP): Crude oil prices were higher in Asian trade today on expectations that OPEC will maintain its existing production quota at a meeting next week, dealers said. Prices were also kept firmer by the ongoing Atlantic hurricane...
NEW DELHI, Sep 6 (PTI): Indian immigrants in the United States are making a strong mark for themselves with an ever increasing number turning into inventors in the country, a recent study says. According to a report prepared by a...
MUMBAI, Sept 6 (AFP): Europe's lasrgest car maker Volkswagen yesterday announced the launch of its first locally assembled premium car, the Passat Sedan, in India. Volkswagen said India's fast-growing car market was an important area for expansion by the company....
TOKYO, Sept 6 (AFP): The dollar steadied in Asian trade today, recovering some of the previous day's losses against the yen on hopes that global share prices will rebound despite the US housing woes, dealers said. They said that a...
JAKARTA, Sept 6 (AFP): Indonesia's state energy firm Pertamina and state nickel miner Antam are to sign joint projects with Russia's Lukoil Overseas and Rusal worth 5.5 billion dollars today, a minister said. Energy and mineral resources minister Purnomo Yusgiantoro...
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