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Harunur Rashid wins Insurance Personality award

2007-08-02 00:00:00

FE ReportUnited Insurance Company's Public Issue Director M Harunur Rashid has won the Insurance Personality Award-2007 introduced by Bangladesh Insurance Academy (BIA).He received the prize at an award giving ceremony held at the CIRDAP auditorium in the city Monday.Commerce Secretary...

corporatewatch

2007-08-02 00:00:00

Message to investorsAll investors of stock exchanges are requested to make their investment decision on the basis of financial strength of the companies not on the basis of rumour.Jamuna Bank EGM on Sept 9An extra-ordinary general meeting (EGM) of Jamuna...

700 listed cos have to pay Tk 500 per day as fine

2007-08-02 00:00:00

FE ReportSeven listed companies on the Dhaka Stock Exchange (DSE) have to pay a penalty of Tk 500 per day from today (Wednesday) for their failure to submit the half-yearly financial statements to the country's prime bourse.The companies, which have...

National Bank opens 93rd branch at Kaliakoir

2007-08-02 00:00:00

FE ReportThe 93rd branch of National Bank Limited (NBL) has recently been inaugurated at Kaliakoir in Gazipur. NBL Chairperson Parveen Haque Sikder formally inaugurated the branch. She said NBL would contribute remarkably to the business development of Kaliakoir, an industrial...

KL to remove tariff, non-tariff barriers in phases

2007-08-02 00:00:00

Malaysia is likely to remove tariff and non-tariff barriers for Bangladesh in phases and issue multiple visa for three years to genuine Bangladeshi businessmen, reports UNB.Malaysian High Commissioner (HC) Abdul Malek Bin Abdul Aziz Wednesday said this while speaking at...

ICB AMCL declares NAV of two unit funds

2007-08-02 00:00:00

FE ReportICB AMCL, a subsidiary of the Investment Corporation of Bangladesh (ICB), has declared the net asset value (NAV) of its two unit funds.The total NAV of the ICB AMCL Unit Fund stood at Tk 41,33,47,024.80 on the basis of...

New chairman, vice-chairman of IBCF

2007-08-02 00:00:00

FE Report Islami Bank Bangladesh Limited (IBBL) Chairman Abu Nasser Muhammad Abduz Zaher and Exim Bank Chairman Md Nazrul Islam Majumder have been elected chairman and vice-chairman respectively of Islamic Banks Consultative Forum (IBCF). The election was held at the...

SJIBL launches SMS/Push Pull services

2007-08-02 00:00:00

FE ReportShahjalal Islami Bank Limited (SJIBL) lunched its new service product 'SMS/Push Pull Services' in the city Tuesday. SJIBL Managing Director M Kamaluddin Chowdhury formally inaugurated the new products.Any account holder of the bank may avail of the SMS services...

Indo-Hong Kong garments plant to invest $3.626m in DEPZ

2007-08-02 00:00:00

Hong Kong (HK) and India will establish a garments industry in Dhaka Export Processing Zone (DEPZ) with an investment of US$ 3.626 million, reports UNB.This 100 per cent foreign-owned company named M/s. Epic Garments Manufacturing Company Limited, Unit-2, will manufacture...

Phoenix Finance IPO lottery held

2007-08-02 00:00:00

FE ReportThe lottery for allotment of shares against the subscription applications of the IPO of Phoenix Finance and Investments Limited (PFIL) was held at the Bangladesh-China Friendship Conference Centre in the city Tuesday.The lottery, conducted by BRTC of BUET, was...

M Kamaluddin CEC, Muhammad Ali new MD of SJIBL

2007-08-02 00:00:00

FE ReportM Kamaluddin Chowdhury and Muhammad Ali have been appointed Chief Executive Consultant and Managing Director respectively of Shahjalal Islami Bank Limited (SJIBL) recently.Prior to taking over the new assignment, M Kamaluddin worked as managing director of the bank since...

BKB disburses Tk 393.6m among B'baria farmers Our Correspondent

2007-08-02 00:00:00

BRAHMANBARIA, July 31: Bangladesh Krishi Bank (BKB) disbursed Tk 393.6 million (Tk 39.36 crore) loans among farmers in the district through its 26 branches during the fiscal 2006-2007, sources said. The BKB also realised Tk 353 million outstanding loans during...

Asia opens annual security summit

2007-08-02 00:00:00

MANILA, Aug 1 (AFP): Asia's annual security summit got under way here Wednesday with a flurry of talks on everything from North Korea and Darfur to bird flu, child sex tourism and the threat of global warming.With extra army squads...

Sunni bloc quits Iraq govt, truck bomb kills 50

2007-08-02 00:00:00

BAGHDAD, Aug 1 (Reuters): The main Sunni Arab political bloc quit the Iraqi government on Wednesday in a blow to Prime Minister Nuri al-Maliki, while a suicide bomber driving a fuel truck killed 50 people in one of several car...

Musharraf wants harmony with top judge

2007-08-02 00:00:00

ISLAMABAD, Aug 1 (AFP): President Pervez Musharraf has said he wants "harmonious ties" with Pakistan's chief justice, whose suspension by the military ruler was overturned earlier this month in a major political blow.Musharraf said he accepted a July 20 Supreme...

Sudan welcomes UN resolution on Darfur force

2007-08-02 00:00:00

KHARTOUM, Aug 1 (AFP): After months of stonewalling, Sudan Wednesday welcomed a UN resolution approving a joint African Union-UN peacekeeping force for strife-torn Darfur, a belated international response to a four-year-long humanitarian disaster that has left 200,000 people dead.Tuesday's resolution...

Russia's Arctic mission nears North Pole

2007-08-02 00:00:00

MOSCOW, Aug 1 (AP): An ambitious expedition to bolster Russia's claims to much of the oil and gas wealth of the Arctic Ocean headed to the North Pole Wednesday, plowing its way through unbroken Arctic ice behind a sturdy Russian...

China exudes military confidence on PLA anniversary

2007-08-02 00:00:00

BEIJING, Aug 1 (Reuters): China called its growing military strength a force for peace and Communist Party rule on the 80th anniversary of the People's Liberation Army Wednesday, even as a senior commander warned Taiwan against risking war.President Hu Jintao,...

Japan election claims first cabinet casualty

2007-08-02 00:00:00

TOKYO, Aug 1 (AFP): Japan's farm minister resigned Wednesday, the first casualty in Prime Minister Shinzo Abe's scandal-plagued cabinet after a major election defeat that has raised calls for a change in government.Abe has defied opinion polls that say many...

Hundreds of Nepal Maoists leave camp

2007-08-02 00:00:00

KATHMANDU, Aug 1 (Reuters): Hundreds of former Nepali Maoist guerrillas have left a camp they were living in under a landmark peace deal, saying their managers were not paying them their monthly allowances, newspaper reports said Wednesday.At least 1,000 former...

Maldives heads for referendum on political system

2007-08-02 00:00:00

COLOMBO, Aug 1 (AFP): The Indian Ocean tourist paradise of the Maldives will hold a referendum to decide the future role of its powerful presidency held by Maumoon Abdul Gayoom for the past 29 years, officials said.The main opposition party...

Boat accident kills 28 in India

2007-08-02 00:00:00

LUCKNOW (India), Aug 1 (AP): An overcrowded boat evacuating people from a flooded village capsized in a rain-swollen river in northern India Wednesday, killing at least 28 people, officials said.Some 80 people panicked and got on the boat that had...

The ADB update on economy

2007-08-02 00:00:00

The Asian Development Bank (ADB) in its economic update of the Bangladesh economy, released last Tuesday, has not been pessimistic about its growth prospects in the current year. A number of developments are frequently cited by local economists as having...

Warning about food security

2007-08-02 00:00:00

Enayet RasulTHE price of ata (wheat flour) consumed by the common man has shot up by some Tk 8 to 10 per kg in the markets of Dhaka within the last couple of days. The rise in the price of...

Meeting the power crunch

2007-08-02 00:00:00

Humayun KabirTHE government has announced a nine-year long roadmap for attaining a proper match between power production and its demand. If all goes well as planned, then adequate power, and even some surplus, may be generated by the year 2015....

Desperate rush for the entrance

2007-08-02 00:00:00

Sundeep TuckerFEW Asian economies offer corporate financiers as big an opportunity as China. In the past five years, it has become a key arena for investment banks, super-keen to advise dynamic companies looking to expand at home and, possibly, abroad.Johan...

Neglected mufassil journalists

2007-08-02 00:00:00

THE role of the neglected mufassil journalists is most noble in their respective places and also in our country. But they are facing much difficulties in discharging their performances greatly towards their respective newspapers.Most of the authorities of the national...

Trans-border road communication

2007-08-02 00:00:00

WE are most likely to be a part of trans-border road communication network with a good number of Asian countries. With the signing of Memorandum of Understanding (MoU) between Bangladesh and Myanmar in connection with direct road link with Teknaf...

Breastfeeding week begins

2007-08-02 00:00:00

The world breast-feeding week began Wednesday to create mass awareness to prevent mortality and morbidity of the children up to five years of age, reports BSS.Bangladesh Breast-feeding Foundation (BBF) has taken an elaborate programme to observe the week, including media...

Sunrise programme of Scouting centenary at Mouchak

2007-08-02 00:00:00

GAZIPUR, Aug 1 (BSS): A Sunrise Programme of Bangladesh Scouts was held at the National Scout Training Centre, Mouchak here today marking the centenary of the Scout movement that began on August 1, 1907 in England.Muhammad Abu Hena, former International...