SINGAPORE, June 18 (AFP): Singapore's key exports recovered in May to grow 3.7 per cent from last year after declining in the previous month, boosted by a hefty jump in pharmaceuticals shipments, the government said today. On a month-on-month seasonally...
BEIJING, June 18 (CEIS): China has opened 18 rural community banks by the end of May offering farmers easier access to loans and providing credit to businesses in the countryside that want to expand. The small lenders include nine village...
SINGAPORE, June 18 (AFP): Oil prices were slightly higher in Asian trade today as the market continued to focus on US gasoline (petrol) reserves, dealers said. New York's main contract, light sweet crude for July delivery, was up two cents...
MANILA, June 18 (CEIS): Philippine Agriculture Secretary Arthur Yap yesterday rejected accusations by some "non- government" groups and individuals that the Philippine-Chinese agricultural cooperation is against the interests of the Filipino farmers. In a statement, Yap said there is nothing...
KUALA LUMPUR, June 18 (Xinhua): Malaysia plans to get international certification for palm oil by 2010 to deal with the negative perception that its production harms the environment and kills wildlife, local media reported today. With the certification, palm oil...
TOKYO, June 18 (AFP): The yen slipped to a record low against the euro in Asian trade today as expectations faded of a quick hike to Japan's super-low interest rates, dealers said. Market players also digested softer-than-expected inflation figures from...
TOKYO, June 18 (AFP): Daihatsu Motor Co., a unit of the Japanese auto giant Toyota Motor, said today it will withdraw from manufacturing cars in Vietnam, blaming high taxes in the booming economy. Daihatsu, a small car specialist, said it...
TOKYO, June 18 (Bloomberg): Asian stocks rose for a third day, driving benchmarks in China, Hong Kong and South Korea to records, as prices of metals and crude oil advanced and the yen weakened against the dollar. Rio Tinto Group...
HARBIN, June 18 (CEIS): There is huge potential for cooperation between China and Russia in the automotive trade, an official with the ministry of commerce said at the first Sino-Russian forum on the auto market held here yesterday. Zhi Luxun,...
HANOI, June 18 (Xinhua): Vietnam's sugar plants churned out over 1.1 million tons of the product in the 2006-2007 sugarcane crop ending in June, up 51.7 per cent over the previous crop, local newspaper People reported today. In the 2006-2007...
WELLINGTON, June 18 (AFP): New Zealand's central bank intervened in the foreign exchange market today in an attempt to bring down the value of the local currency from near two-decade highs, market sources said. The New Zealand dollar fell from...
BEIJING, June 18 (AFP): Chinese airlines are preparing to raise ticket prices by up to 30 per cent during the summer high travel season that begins on July 1, state press reported today. Several Chinese airlines will also limit discounts...
Singapore sought establishment of a special economic zone (SEZ) in Bangladesh for the Singaporean investors for boosting investment, reports UNB.A trade delegation of the Textile and Fashion Federation (TFF) of Singapore placed the plea for establishing the SEZ when they...
FE ReportNetherlands Development Finance Company (FMO) and Standard Chartered (StanChart) Bank recently signed an agreement 'Bangladesh Trade Enhancement Facility (BDTEF)' with three private commercial banks (PCBs).With its trade enhancement facility, the FMO partly guarantees the confirmation by StanChart Bank for...
The country's export earnings in the first 10 months of the current fiscal stood at $9912.79 million (991.279 crore) against the target of $9990 million, reports BSS.According to an Export Promotion Bureau (EPB) handout, the export earnings from July 2006...
FE ReportIslami Bank Bangladesh Limited (IBBL) has recently signed two remittance deals with Al Ansari Exchange Establishment of UAE on instant cash and Bank Muamalat Malaysia Berhad of Malaysia on remittance.IBBL Deputy Executive President Mohammad Abdul Mannan and Al Ansari...
FE ReportPanasonic handed over discount vouchers to two of the lucky winners of its ongoing 'Panasonic Air-conditioner Scratch Card Campaign' at a function in the city Sunday.Anisur Rahman Khokon of MK Electronics handed over the 25 per cent discount vouchers...
The 308th meeting of the board of directors of Rajshahi Krishi Unnayan Bank (RAKUB) was held Sunday at the bank's head office in Rajshahi, reports BSS. RAKUB sources said, several important decisions on different issues, including manpower structure, service rules,...
FE ReportA five-member Bangladesh Indenting Agents' Association (BIAA) business delegation participated in the 'Kunming Commodities Fair' in China from June 6 to June 10.The delegation comprised BIAA Senior Vice President Rafiqui Islam Masum, immediate-past president Syed Moazzam Hossain, directors KMH...
FE ReportMutual Trust Bank Limited (MTBL), in its 78th board meeting, have elected the bank's sponsor directors Samson H Chowdhury and Arif Dowla its chairman and vice-chairman respectively.Earlier, S Chowdhury was MTBL's vice-chairman. He is also the chairman of Square,...
Many people think an increase in subsidies in the proposed budget will give the poor an enhanced incentive to ease their sufferings. Not so, said budget analysts, reports bdnews24.com. Finance Adviser AB Mirza Azizul Islam proposed an allocation of Tk...
FE ReportAKTEL, country's one of the leading mobile operators, joined its hands with the people affected by landslides triggered by heavy rain and thunder storms on June 10 and June 11 at the port city of Chittagong.AKTEL contributed relief materials...
FE ReportThe first meeting of the Shahjalal Islami Bank Foundation was held at its head office in the city recently.Chairman of the foundation Sajjatuz Jumma presided over the meeting.Also present on the occasion were SJIB Foundation vice-chairmen Md Solaiman and...
FE ReportBangladeshi companies have received confirmed order of $0.27 million (2,70,000) and prospective order of $3.5 million from Korea.These orders were received from the Imported Goods Fair, held at Seoul in Korea, on May 29 - June 1. Bangladesh participated...
FE ReportTrust Bank limited opened its new branch in Moulvi Bazar recently.Chief of Army Gen Moeen U Ahmed and Chairman of the bank inaugurated the new branch in Moulvi Bazaar, while Managing Director Iqbal U Ahmed was in the chair.Maj...
FE ReportApollo Hospitals Dhaka signed a corporate agreement with Voluntary Service Overseas (VSO) Bangladesh to provide medical services and special corporate benefits to its staff in the city recently.Apollo Hospitals Director (Medical Services) and interim CEO Praful B Pawar and...
FE ReportProfessor GM Chowdhury of Institute of Business Administration (IBA) has been elected founder president of University and Industry (U&I) Alliance.U&I is a management and educational consulting centre of the Dhaka University. Chowdhury has over 22 years of teaching and...
Our Correspondent SIRAJGANJ, June 18: An organisation named Al-Hera Samaj Kalyan Sangstha (AHSKS) is allegedly running brisk banking business in Sirajganj district, without obtaining any permission from Bangladesh Bank, NGO Bureau or even, without any certificate of Social Services Department...
FE ReportBank Asia Ltd, a leading private commercial bank, has launched banking operations for the Small and Medium Enterprises (SME).The programme 'Shaschhandya' will provide financial services to the SME businessmen for expansion of their current capital and fixed assets in...
As per the Securities and Exchange Commission (SEC) Mutual Fund Rules 2001, First Bangladesh Shilpa Rin Shangsghta (BSRS) Mutual Fund, has announced its Net Asset Value (NAV) at the close of business on 31 May, 2007 of each certificate of...
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