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135 declined & 30 advanced at Dhaka Stock Exchange
September 24, 2000
Dhaka (UNB) – Trading at Dhaka Stock Exchange finished lower yesterday with losers strongly outnumbering the gainers.
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Index at Chittagong Stock Exchange closed lower
September 24, 2000
Chittagong (UNB) – The main index at Chittagong Stock Exchange closed lower yesterday due to lackluster trading.
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Peaceful meeting of hostile enemies?
September 24, 2000
PRAGUE, Czech Republic (AP) - Enemies of economic globalization
met peacefully Saturday with the IMF and World Bank in a storybook
castle, but outside the medieval walls, rival groups of communists,
anarchists and rival skinheads racism, fight imperialism."
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‘Expensive’ grants to make ‘cheaper’ fuels
September 24, 2000
LOS ANGELES (AP) - British Petroleum Amoco Corp. says it will
give dlrs 20 million in grants to two California universities to
invent easier and cheaper ways to convert methane - natural gas -
into cleaner burning fuels and chemicals.
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Asian markets tumble on high-tech sell-off
September 23, 2000
HONG KONG, SEPT 22 (AP) - Stock prices in throughout Asia slumped Friday
as investors, taking cues from an overnight decline in the Nasdaq in
New York, unloaded high-tech shares.
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Tokyo stocks fall sharply, dollar higher against yen
September 23, 2000
TOKYO, SEPT 22 (AP) - Tokyo stocks fell sharply Friday after the
technology-heavy Nasdaq composite index on Wall Street weakened
overnight. The U.S. dollar was higher against the yen.
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Protesters stage counter-summit to IMF, World Bank
September 23, 2000
PRAGUE, SEPT 22 (AP) - Local businesses are shutting down
until late next week as protesters straggle into town and
delegations of global financiers gear up for an international summit
on the world economy.
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Sony to close Taiwan production
September 23, 2000
TAIPEI, SEPT 22 (AP) - Japan's Sony Corp. will cease its
production of video products in Taiwan and move the operation to
Malaysia and China, the company announced Friday.
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IMF: High oil prices lessen Russia's need for aid
September 23, 2000
PRAGUE, SEPT 22 (AP) - High oil prices are a worry for
most financial leaders in town for the IMF and World Bank summit,
but they are good news for Russia and that has lessened Russia's
need for financial aid, an official said Friday.
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Major central banks intervene to shore up ailing euro
September 23, 2000
FRANKFURT, Germany, SEPT 22 (AP) - The European Central Bank and its U.S.
and Japanese counterparts jointly intervened in the currency markets
Friday in an attempt to shore up the ailing euro, the ECB announced.
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Prague protesters vow to carry out banned march
September 23, 2000
PRAGUE, Czech Republic, SEPT 22 (AP) - Vowing to defy a court order,
anti-capitalism activists said Friday they will try to shut down
traffic on Prague's main freeway Tuesday as the IMF and World Bank
open their annual meetings.
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Finance Minister to attend meeting of WB-IMF
September 22, 2000
Dhaka (UNB) – Finance Minister Shah AMS Kibria leaves here today (Friday) night to attend the annual meeting of World Bank-IMF beginning on Tuesday in Prague, the capital of the Czech Republic.
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Nepal, Germany, UNICEF & WHO to buy EDCL medicines
September 22, 2000
Dhaka (UNB) – Government will set up another unit of Essential Drug Company Limited (EDCL) in Khulna to meet the growing demand for medicines.
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Conference on “Business without Borders” begin
September 22, 2000
Dhaka (UNB)- A professional marketing speaker of international repute yesterday said Bangladesh requires a committed leadership in both business and politics to garner benefits from potential.
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UK product launched from Bangladesh
September 22, 2000
Dhaka (UNB) - Two poultry and dairy feeds — Provita, a Dutch-made protein concentrate and Grow More WSP, a multivitamin from UK, have been marketed in Bangladesh.
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Risks at ‘networking business’
September 22, 2000
Dhaka (UNB) – Some foreigners and their local associates have grabbed around Tk 200 crore from the people through ‘networking business’.
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HS Banking Corporation donated Tk 100,000
September 21, 2000
Dhaka, (UNB) - International Federation of Red Cross and Red Crescent has started distribution of rice and dahl (lentils) to support 2,500 people in 13 districts affected by flooding and river erosion.
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Community Road Safety Initiatives meeting today
September 21, 2000
Dhaka, Sept 20 (UNB) – Despite one of the lowest motorisation rates of 3 per cent in 1000 people, 70 fatal traffic mishaps per 10,000 vehicles were reported in 1998 causing a loss of Tk 1,250 crore.
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Dhaka Stock Exchange finished lower
September 21, 2000
Dhaka (UNB) – Trading at Dhaka Stock Exchange finished lower yesterday marking a fall of 7.84 points in its benchmark.
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Downward spiral at Chittagong Stock Exchange continued
September 21, 2000
Chittagong (UNB) – The downward spiral at Chittagong Stock Exchange continued for the third straight day yesterday as the losers strongly dominated the gainers.
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ECNEC endorse seven projects
September 20, 2000
Dhaka (UNB)- The highest economic policymaking body yesterday endorsed seven development schemes, including third phases of the Dhaka Integrated Flood Protection and Greater Chittagong Electricity Distribution projects.
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Present government hasn’t changed rate for KAFCO
September 20, 2000
Dhaka (UNB) - The Industries Minister said here yesterday the present government had neither set any new gas rate for Kafco nor changed the formula of gas pricing fixed by the previous regimes.
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Finance Minister cautioned financial institutions
September 20, 2000
Dhaka, Sept 19 (UNB) - Finance Minister Shah AMS Kibria today cautioned financial institutions against any sort of business aimed at deceiving the people.
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Bangladesh-Kuwait agree to activate joint economic commission
September 20, 2000
Dhaka (UNB)- Bangladesh and Kuwait agreed to activate their joint economic commission for boosting trade and investment between the two countries locked in a ‘Trade and Economic Agreement’ since 1979.
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Bangladesh-Malaysia Aluminum company launched
September 20, 2000
Dhaka (UNB) – KAI-PMB Façade Technology Limited, a Bangladesh-Malaysia joint venture Aluminium fabrication company launched its formal operation here on Monday.
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Standard Chartered Bank to introduce e-commerce in Bangladesh
September 20, 2000
Dhaka (UNB) – Standard Chartered Bank plans to introduce e-commerce service package in Bangladesh to facilitate the country’s export trade in the digital economic era.
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Khulna textiles mills turning to textiles village
September 20, 2000
Dhaka (UNB)– The government has planned to turn Khulna Textiles Mills into ‘Khulna Textiles Village’ aiming to set up forward and backward linkage industries in the mill area.
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Installation works by Hyundai are in progress
September 19, 2000
Dhaka (UNB)- Gearing up steps for strict maintenance of existing power installations and computing more megawatts from private generators, the government is trying to minimize electricity crisis in the next summer.
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Distribution of Tk 17.66 lakh to foresters today
September 19, 2000
Dhaka (UNB) - Forest Department will distribute the dividend of Tk 17.66 lakh among the people who took part in the social afforestation programme under Dhaka forest division.
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Plan to set rainwater treatment plants with Tk 2 crore
September 19, 2000
Dhaka (UNB) – Local experts at a seminar yesterday rejected any chance of land subsidence in the capital in the near future for pumping out underground water and claimed “the capital is not going to sink.”
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DSE index up to 630.28 points
September 19, 2000
Dhaka (UNB) – Trading at Dhaka Stock Exchange closed higher yesterday (Monday) marking a slight rise in its benchmark index.
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Losers strongly dominated the gainers at CSE
September 19, 2000
Chittagong (UNB) – As the losers strongly dominated the gainers, the main index at Chittagong Stock Exchange tumbled yesterday (Monday).
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Probe into Magurchhara gas-field explosion
September 18, 2000
Dhaka (UNB)- The Parliamentary Standing Committee on Power, Energy and Mineral Resources Ministry yesterday formed a three-member subcommittee with AB Tazul Islam as convenor to probe into Magurchhara gasfield explosion.
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Government’s major decisions revising KAFCO deals
September 18, 2000
Dhaka (UNB)- The government took major decisions revising the KAFCO deals changing some disputed conditions to make the troubled fertilizer company a viable concern safeguarding country’s maximum interests.
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EU allocates wheat & 17m Euros for Bangladesh
September 18, 2000
Dhaka (UNB) – European Union has allocated 50,000 metric tons of wheat and 17 million Euros, equivalent to Tk 82 crore, as part of its current food aid programme in Bangladesh.
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Japan should continue investing in South Asia
September 18, 2000
Saitama (Japan), (UNB)- The Japanese youth leaders have expressed views to keep up Japan’s assistance and increase investment in South-Asian countries for helping the countries achieve self-reliance.
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Bangladesh-Denmark sign ‘umbrella agreement’
September 17, 2000
Dhaka (UNB) – Bangladesh will receive 924.20 million Danish Kroner (equivalent to approximately Tk 650 crore) as grant from Denmark under an agreement signed yesterday.
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An exclusive with outgoing FBCCI president
September 17, 2000
Dhaka (UNB)- Country’s topmost business leader has said political reforms are the key to restore peace and stability in the society and generate national wealth.
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Loans disbursed in ‘back to sweet home’ program
September 17, 2000
Dhaka (UNB) – Bangladesh Krishi Bank (BKB) continued to disburse loan among slum dwellers under the government’s “Ghare Fera Karmasuchi” defending criticism against the programme.
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Dhaka Stock Exchange bearish
September 17, 2000
Dhaka (UNB) – Price Index at Dhaka Stock Exchange finished lower yesterday (Saturday) as losers heavily dominated the gainers.
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Chittagong Stock Exchange finished lower
September 17, 2000
Chittagong (UNB) – Trading at Chittagong Stock Exchange finished lower yesterday (Saturday) marking a significant fall in its benchmark index.
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Taiwan can enter WTO as "customs territory" : China
September 16, 2000
WASHINGTON, SEPT 15 (AP) - A senior Chinese official insisted Thursday
that Taiwan can join the World Trade Organization only as a
"customs territory of China," wording the United States has
rejected.
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Fuel protests posed old-style challenge to new economy
September 16, 2000
LONDON, SEPT 15 (AP) - It was not the dreaded millennium bug or a
diabolical new weapon that crippled Britain's 21st century economy
this week, but a loosely organized protest by farmers and truckers
that hit a raw nerve: the supply of gasoline to the transport
system.
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Nike announces first-quarter earnings
September 16, 2000
BEAVERTON, Oregon, SEPT 15 (AP) - As the Olympics opens with one of the
biggest advertising blitzes in Nike history, the athletic shoemaker
reported first quarter profits of dlrs 210 million, beating Wall
Street expectations.
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U.S. Senate clears way for Tuesday vote on China trade
September 16, 2000
WASHINGTON, SEPT 15 (AP) - The U.S. Senate on Thursday beat back the last
proposed amendments to legislation putting normal trade with China
on a permanent basis, setting up a vote on the historic bill next
Tuesday.
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Malaysia will not participate in replenishment of Asian fund
September 16, 2000
KUALA LUMPUR, SEPT 15 (AP) - Malaysia has not participated in
the recent replenishment of the Asian Development Bank's lending
fund for Asia's poorest countries, according to news reports Friday.
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Ford won't make final bid for Daewoo Motor
September 16, 2000
SEOUL, SEPT 15 (AP) - Ford Motor Co. announced on Friday that
it will not make a final bid for the South Korea's debt-laden Daewoo
Motor Co., casting doubt on the country's efforts to restructure its
debt-ridden industries.
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Japan will invest US$ 12 million in EPZ
September 15, 2000
Dhaka (UNB) – Japan will invest US$ 12 million equivalent to about Tk 660 million in Dhaka Export Processing Zone for setting up a new unit.
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‘Matching Grant Facilities’ will help exporters
September 15, 2000
Dhaka (UNB) – Business leaders yesterday stressed expansion and diversification of the country’s limited export base through optimum utilisation of the funds of the donor-aided Matching Grant Facilities.
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Week closes at DSE with continued fall
September 15, 2000
Dhaka (UNB) – The downward spiral at Dhaka Stock Exchange continued for the fifth straight day yesterday as the losers dominated the gainers.
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Losers outnumbered gainers at Chittagong Stock Exchange
September 15, 2000
Chittagong (UNB) – The main index at Chittagong Stock Exchange closed further lower yesterday (Thursday) with losers outnumbering the gainers.
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Debt relief by US for Bangladesh's conservation
September 14, 2000
Dhaka (UNB)- The United States is canceling a portion of Bangladesh's debt and allowing future interest payments to go into a fund that supports tropical forest conservation efforts.
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UAE's company wants to assist export promotion
September 14, 2000
Dhaka (UNB) - An UAE-based company offered local businessmen its service to promote the country's export trade in the East and the West from a business-cum-service centre in Dubai.
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Proper distribution of loan helped attain food autarky
September 14, 2000
Sangsad (UNB) - Finance
Minister Shah AMS Kibria yesterday said the reason behind attaining
the food autarky this year is the proper distribution of
agricultural loan to the farmers, particularly to the marginal
farmers. "We are distributing over Tk 3000 crore as the
agriculture loan in the current year (1999-2000) while it was Tk
3270 crore in last year. Agri loan distributed in our time is
almost double of the loans distributed during role of the
previous government," he told the House replying to a question
from Kazi Sirajul Islam. The Finance Minister informed the House
that the government the government is thinking to introduce
agricultural insurance but has no plan to waive the agriculture
loan, it could be deferred only. If the flow of loan is
disturbed then the farmer becomes the victim of it, he said now
the peasants know that they will get fresh loans if they return
the money and added that agriculture recovery rate is highest in
comparison to all times. Replying to a supplementary from
Sagufta Yeasmin, the minister said just now the government has no
plan set up separate bank for the women entrepreneurs because he
said the existing banks are giving special incentive and
facilities for the women entrepreneurs. He said that the
government has a plan to set up Agriculture Banks at every unions
of the country for the convenience of the farmer, who are
contributing significantly in the country's economy. About the
default culture he said the government has taken various
effective measures for removing this bad culture from this
country. For close monitoring of the government now loans are
distributing to the people without any corruption. Recovery rate
is also increasing day by day for the steps taken by the present
government, Kibiria said informing the house that the government
has introduced bankruptcy court to take action against the loan
defaulters. Replying to a question about the reduction of
interest rate, he said interest rate is low in some prioritized
sector and government has done this for encouraging the
export-oriented industrial growth.
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Chinese bank to finance new fertilizer plant
September 14, 2000
Dhaka (UNB) - The Export-Import (EXIM) Bank of China will provide a loan of 25 million US dollars for setting up a Di-Ammonium Phosphate (DAP) Plant in Chittagong.
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Government has successfully controlled inflation
September 14, 2000
Sangsad Bhaban (UNB) - Finance Minister Shah AMS Kibria yesterday claimed that the government has successfully controlled inflation and maintained economic stability of the country.
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Power breakdown hampered industrial productions
September 14, 2000
Dhaka (UNB) - Three business bodies here yesterday expressed concern at the breakdown in the power grid and faults in transmission that hinder production causing huge losses to industrial sector.
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Dhaka Stock Exchange index's downfall
September 14, 2000
Dhaka (UNB) - The downward spiral at Dhaka Stock Exchange continued for the fourth straight day yesterday as the losers dominated the gainers.
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Chittagong Stock Exchange closed bearish
September 14, 2000
Chittagong (UNB) - The main index at Chittagong Stock Exchange closed lower yesterday with losers outnumbering the gainers.
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Canada eager to assist Bangladesh in trade & business
September 13, 2000
Dhaka (UNB) – Canada is keen to assist Bangladesh in increasing its trade and business capability, particularly in the export sector.
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Northern export processing zone’s first project
September 13, 2000
Dhaka (UNB) – Bangladesh Export Processing Zones Authority (BEPZA) has sanctioned the first industrial project for the Ishwardi EPZ.
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Women entrepreneurs encouraged in business
September 13, 2000
Dhaka (UNB) – A discussion meeting on “Assessment of the Implication of Policies and Measures for Women Entrepreneurship Development” was held at the DCCI auditorium here on Monday.
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Dhaka Stock Exchange finished lower
September 13, 2000
Dhaka (UNB) – Trading at the Dhaka Stock Exchange finished lower for the third straight day yesterday with the losers outnumbering the gainers.
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Chittagong Stock Exchange closed higher
September 13, 2000
Chittagong (UNB) – Trading at the Chittagong Stock Exchange closed higher yesterday (Tuesday) as the gainers dominated the losers.
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Kuwaiti Commerce Minister due in Bangladesh in a week
September 12, 2000
Dhaka (UNB)- Oil-rich Gulf state Kuwait is keen to expand its relations with Bangladesh in all fields by way of enhancing trade, commerce and investment.
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Bangladesh Bank governor meets the press
September 12, 2000
Dhaka, --- As long as the economic fundamentals are not on the right track and currency remains overvalued, the country will continue to be import-dependent, says the central bank governor.
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ADB to give ADF US$5.6b for LDC’s including Bangladesh
September 12, 2000
Dhaka, --– ADB donors have agreed to replenish Asian Development Fund (ADF) with US$5.6 billion for gearing up poverty-reduction operations in the poorer developing member countries, including Bangladesh.
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Bangladesh’s foreign exchange reserve satisfactory
September 12, 2000
Dhaka (UNB) – Bangladesh Bank governor Dr Mohammad Farashuddin yesterday claimed foreign-exchange reserves remained at a satisfactory level, but said it would be more comfortable if the amount stood a bit higher.
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DSE index closed lower
September 12, 2000
Dhaka (UNB) – The main index at Dhaka Stock Exchange closed lower yesterday due to lackluster trading.
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CSE index continues to fall
September 12, 2000
Chittagong (UNB) – The main Index at Chittagong Stock Exchange continued to fall for the second straight day yesterday (Monday) as the losers dominated the gainers.
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Most Asian stock markets close lower
September 12, 2000
HONG KONG (AP) - Most Asian stock markets closed lower Monday,
dragged down by last week's fall on Wall Street.
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Terrorists must be hooted out from Adamjee Mills
September 11, 2000
Dhaka (UNB) - A high-level meeting yesterday discussed recommendations for a purge of outsiders and terrorists from the trouble-torn Adamjee Jute Mills.
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Bus fare raised by 15 poisha per kilometer
September 11, 2000
Dhaka (UNB) - Bus and minibus fare has been raised by 15 paisa per kilometer in the wake of the government's oil price hike to the extent of 20 per cent last month.
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President inaugurates conference on auditing
September 11, 2000
Dhaka (UNB) - President Justice Shahabuddin Ahmed yesterday said the expectations of common man do not match the ground reality in countries like Bangladesh with faltering democratic traditions.
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Auction of treasury bills held
September 11, 2000
Dhaka (UNB)- The 105th auction of the 28-day, 91-day, 182-day, 364-day, 2-year and 5-year treasury bills were held here yesterday (Sunday).
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International conference on auditing begins
September 10, 2000
Dhaka (UNB)- Finance Minister Shah AMS Kibria said audit is a big check to secure accountability and transparency of government functions and fight out corruption in governance.
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Jute prices are below the production cost now
September 10, 2000
Jessore (UNB) - Jute growers are in trouble with their "golden fibre" due to the price below the production cost.
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Price index at the DSE marked rise
September 10, 2000
Dhaka (UNB) – Price index at the Dhaka Stock Exchange marked rise yesterday (Saturday) as the gainers strongly dominated the losers.
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Trading at Chittagong Stock Exchange finished higher
September 10, 2000
Chittagong (UNB) – Trading at the Chittagong Stock Exchange finished higher yesterday (Saturday) marking a rise in its benchmark index.
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Oil prices a hot topic at APEC finance ministers meet
September 10, 2000
BANDAR SERI BEGAWAN, Brunei (AP) - U.S. Treasury Secretary Lawrence Summers joined other finance ministers from the 21 biggest Pacific Rim economies Saturday in a two-day meeting focused on rising oil prices and the fallout of rapid globalization.
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China Pledges to Implement Pro-active Fiscal Policy
September 10, 2000
Bandar Seri Begawan (Xinhua) -- Chinese Finance Minister Xiang Huaicheng said Saturday the Chinese government decided to continue the pro-active fiscal policy in 2000 with a view to maintaining the growth momentum.
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Nepal's biggest bank defrauded of billions of rupees
September 9, 2000
KATMANDU, (AP) - Nepal's oldest and largest commercial bank
has been cheated of billions of rupees by business people, many of
whom are being shielded by politicians, the bank's top official said
on Friday.
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French truckers protest the high prices of gasoline
September 9, 2000
LONDON, SEPT 8 (AP) - French truckers blockade roads to protest the high
prices of gasoline. Americans fret about the cost of heating their
homes, while Asians debate how to fight inflation stoked by costlier
oil.
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New Zealand hopes for bilateral trade deal with Singapore
September 9, 2000
SINGAPORE, SEPT 8 (AP) - New Zealand Finance Minister Michael Cullen
reiterated Friday that a bilateral free trade agreement with
Singapore should come into force at the start of next year.
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Expatriate Bangladeshis remitted Tk 5.33 crore in August
September 8, 2000
Dhaka (UNB) – Bangladeshi nationals living abroad remitted more than Tk 5.33 crore during the month of August this year.
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Salman & Latifur quit race for FBCCI President
September 8, 2000
Dhaka, --– Ending wide speculations about the ensuing FBCCI election, only two candidates yesterday (Thursday) submitted their nomination papers for the president post.
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DSE index ‘bearish’
September 8, 2000
Dhaka (UNB) – Price index at the Dhaka Stock Exchange marked a fall yesterday (Thursday) as the losers strongly dominated the gainers.
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