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World Bank board interviews Zoellick

2007-06-22 00:00:00

WASHINGTON, June 21 (AFP): Robert Zoellick, the sole candidate for the presidency of the World Bank, was interviewed yesterday by the development lender's executive board, a bank official told the news agency. During an "informal" meeting that last four hours,...

Oil prices firmer in Asian trade after US inventories

2007-06-22 00:00:00

SINGAPORE, June 21 (AFP): Oil prices were firmer in Asian trade today after strong gains in US inventories helped to offset concerns over a nationwide strike in key producer Nigeria, dealers said. New York's main oil futures contract, light sweet...

Unions differ on Senate immigration legislation

2007-06-22 00:00:00

WASHINGTON, June 21 (AP): The revival of the Senate's immigration legislation also resurrected a rare split inside organised labour. The AFL-CIO formally came out against the bill Wednesday, reflecting the distaste among manufacturing unions and others whose members have been...

Yen remains at multi-year lows

2007-06-22 00:00:00

TOKYO, June 21 (AFP): The yen remained in a multi-year trough against major currencies in Asian trade today as rising interest rates elsewhere emboldened traders to buy higher- yielding units with the cheap yen, dealers said. The dollar firmed to...

India to set up power project management board

2007-06-22 00:00:00

NEW DELHI, June 21 (PTI): With a colossal target of augmenting power generation capacity by 76,000 MW in the next five years, the government yesterday announced setting up of a National Power Project Management Board (NPPMB) to speed up execution...

Australia to ban alcohol for Aborigines

2007-06-22 00:00:00

CANBERRA, Australia, June 21 (AP): Australia's prime minister announced plans Thursday to ban pornography and alcohol for Aborigines in northern areas and tighten control over their welfare benefits to fight child sex abuse among them. Some Aboriginal leaders rejected the...

China's wheat output forecast to increase this year

2007-06-22 00:00:00

BEIJING, June 21 (CEIS): China's total output of wheat is forecast to reach 94.97 billion kg this year, increasing 3.61 billion kg or four per cent over last year According to a meeting held by the National Bureau of Statistics...

OPEC might not increase production in coming months

2007-06-22 00:00:00

VIENNA, June 21 (AFP): OPEC Secretary-General Abdullah al- Badri hinted Tuesday that the Organization of Petroleum Exporting Countries might not boost oil production in the coming months, saying that market fundamentals were currently balanced. "At the moment prices are around...

Polls would be held ‘as soon as possible’

2007-06-21 00:00:00

President Iajuddin Ahmed said Wednesday that the next parliamentary elections would be held as soon as possible within the government-set timeframe."Bangladesh is a democratic country and the next parliamentary election would be held as soon as possible within the timeframe...

Verdict to be handed down on June 26 against Manju

2007-06-21 00:00:00

A Dhaka court will hand down the verdict on a narcotics case against former communications minister and Jatiya Party chief Anwar Hossain Manju on June 26. Dhaka Metropolitan Fourth Assistant Sessions Judge Syed Jahed Mansur Roy heard arguments Wednesday before...

Polls would be held ‘as soon as possible’

2007-06-21 00:00:00

President Iajuddin Ahmed said Wednesday that the next parliamentary elections would be held as soon as possible within the government-set timeframe."Bangladesh is a democratic country and the next parliamentary election would be held as soon as possible within the timeframe...

Verdict to be handed down on June 26 against Manju

2007-06-21 00:00:00

A Dhaka court will hand down the verdict on a narcotics case against former communications minister and Jatiya Party chief Anwar Hossain Manju on June 26. Dhaka Metropolitan Fourth Assistant Sessions Judge Syed Jahed Mansur Roy heard arguments Wednesday before...

World Refugee Day celebrated

2007-06-21 00:00:00

Siddique Islam from Cox's BazarThe World Refugee Day was celebrated in a festive mood Wednesday at two camps of Cox's Bazar district where more than 26,000 Rohingya refugees have been living for the last 15 years. Two separate functions were...

More budgetary steps for common men underscored

2007-06-21 00:00:00

Noted economists, bankers and professionals at a roundtable in the city Wednesday suggested taking more specific measures in the proposed national budget for the fiscal 2007-08 to reach its benefits to the common people, reports BSS.Speakers called for ensuring a...

BBC to expand training for Bangladeshi journalists

2007-06-21 00:00:00

FE Report The BBC will expand its training programmes to Bangladesh in future to help Bangladeshi journalists develop their capacity, enabling them prepare better reports on economic and development issues."We'll be expanding our training programmes to Bangladesh in the foreseeable...

USTC convocation today

2007-06-21 00:00:00

Our CorrespondentCHITTAGONG, June 20: The 3rd convocation of the University of Science & Technology, Chittagong (USTC) will be held on the university campus today (Thursday).President and USTC Chancellor Iajuddin Ahmed will preside over the convocation function. Wednesday’s preparatory meeting was...

Three of a family killed in road accident

2007-06-21 00:00:00

MUNSHIGANJ, June 20 (UNB): Three persons of a family were killed and four others injured when a microbus rammed into roadside trees at Bhaberchar in Gazaria Upazila Wednesday afternoon.The police said the driver lost his control over the vehicle after...

Bangladesh, Bahrain to sign three deals to boost trade

2007-06-21 00:00:00

Bangladesh and Bahrain agreed to sign three agreements soon to boost bilateral trade and economic cooperation.Besides, Dhaka also expects to send more skilled and semi-skilled workforce to the Gulf state where some 75,000 Bangladeshis are now working.The understanding was reached...

Confidence Cement approves 15pc cash dividend

2007-06-21 00:00:00

Our CorrespondentCHITTAGONG, Jun 20: The 16th annual general meeting (AGM) of Confidence Cement Limited (CCL) was held on its factory premises in Madambibir Hat area of Sitakunda Upazila in the district Monday.CCL Managing Director Rezaul Karim presided over the AGM,...

HSBC opens customer service centre at Gulshan

2007-06-21 00:00:00

FE ReportHongkong and Shanghai Banking Corporation (HSBC) Limited in Bangladesh opened a new customer service centre on BFC premises at Gulshan in the city recently.Opex Group Chairman and former BGMEA president Anisur Rahman Sinha inaugurated the centre while HSBC Bangladesh...

NCC Bank, BRAC sign term loan deal

2007-06-21 00:00:00

FE ReportNational Credit and Commerce Bank (NCC Bank) Limited and Bangladesh Rural Advancement Committee (BRAC) recently signed a term loan agreement. NCC Bank Managing Director Md Nurul Amin and BRAC Director (Finance) SN Kairy signed the agreement on behalf of...

Banglalink sponsors Rajshahi city’s beautification

2007-06-21 00:00:00

FE ReportBanglalink recently sponsored the beautification programme of Rajshahi city. Banglalink CEO Rashid Khan inaugurated the launching ceremony of the programme at the city's Shaheb Bazar Alupotty More Tuesday. A number of distinguished guests, journalists of different print and electronic...

Corporate governance, CSR 'can protect stakeholders' interest'

2007-06-21 00:00:00

FE ReportBetter corporate governance and Corporate Social Responsibility (CSR) are key to protecting the interests of the stakeholders of the corporate sector and strengthening the role of the corporate houses in social welfare, a journalists' orientation session was told Wednesday.It...

RFL approves 16pc dividend

2007-06-21 00:00:00

FE Report The Rangpur Foundry Limited (RFL) approved 16 per cent dividend for its shareholders for the year 2006. This was approved by its shareholders at the 27th annual general meeting (AGM) of the company at National Shooting Complex, Gulshan...

NN Selim elected CICL chairman

2007-06-21 00:00:00

FE ReportMd Nurun Newaz Selim has been elected chairman of Central Insurance Company Ltd (CICL) in a recent meeting of the company's board of directors. Selim is a sponsor director of NCC Bank Limited, chairman of Electro Mart Ltd and...

CBCL provides relief to Ctg landslide victims

2007-06-21 00:00:00

FE ReportThe staff of Commercial Bank of Ceylon Limited's (CBCL) Chittagong branch donated relief materials for the victims of flood and landslide at Chittagong recently.CBCL Chittagong branch DGM A Nandy handed over the relief items of the bank's Combank Sports...

ICB announces NAV of eight mutual funds

2007-06-21 00:00:00

FE ReportThe Investment Corporation of Bangladesh (ICB) has recently announced the net asset values (NAV) of its eight mutual funds' certificates, based on market prices at the close of business operation on May 31. The NAV per certificate of First...

Correction

2007-06-21 00:00:00

The designation of BRAC Enterprises managing director Mohammad A (Rumee) Ali was mistakenly printed as the managing director of BRAC Bank in a news item published in the June 18 issue of the FE under the headline "New Banking Products...

corporatewatch

2007-06-21 00:00:00

Purchase/ sale of director's sharesNCC Bank: Aslam-ul-Karim, one of the directors of National Credit and Commerce (NCC) Bank Limited, has stated his willingness to sell 5,000 shares out of his total holdings of 200,946 shares of the bank while Khondkar...

IPO diary

2007-06-21 00:00:00

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.)...