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Raw hide collection down

2012-01-12 00:00:00

Yasir WardadRaw hide collection has declined this season compared to previous year due to its short supply from North-Western regions.The collection of the item hit a record high during the Eid-ul-Azha.Around 8 million of sacrificial animal including 5 million cows...

IDCOL to install 1.0m SHSs, 10,000 biogas plants

2012-01-12 00:00:00

Infrastructure Development Company Limited (IDCOL) has a plan to install 1.0 million Solar Home Systems (SHSs) and set up 10,000 biogas plants in the country this year, reports UNB.Economic Relation Division Secretary Iqbal Mahmood disclosed this at a meeting with...

Toymakers aim to buck economic gloom at Asia fair

2012-01-12 00:00:00

HONG KONG, Jan 11 (AFP): A smartphone-controlled robot that fires foam bullets and a model of a tyrannosaurus with real bones are among the attractions drawing the crowds at Asia's largest toy show this week.Aiming to shake off the global...

Sonali Bank earns Tk 15.04b profit

2012-01-12 00:00:00

The state-owned Sonali Bank Limited earned a record profit of Tk 15.04 billion in 2011. The amount was Tk 40.2 billion higher than last year's earnings with a 36.48 per cent growth, reports BSS."As the largest commercial bank of the...

RAKUB launches computer data centre, lab

2012-01-12 00:00:00

RAJSHAHI, Jan 11 (BSS): Rajshahi Krishi Unnanyan Bank (RAKUB) has launched data centre and training laboratory in its computer department here Tuesday aimed at accelerating the computerisation process. RAKUB Managing Director Pradip Kumar Dutta, who inaugurated the centre as the...

EU looks to impose ban on Iranian oil imports

2012-01-12 00:00:00

TEHRAN, January 11 (AFP): Iran's showdown with the West led to warnings that the row is sliding into dangerous territory, as international alarm over a new uranium enrichment plant raised the stakes.Both sides were digging in on January 10, with...

EU nations to rein in Brussels over new budget pact

2012-01-12 00:00:00

BRUSSELS, Jan 11 (AFP): EU nations are moving towards a slightly softer budgetary pact to reinforce fiscal discipline, according to a new draft version seen by AFP, with Brussels given a lesser role in tackling breaches. The leaders of most...

China's Internet users reach half billion mark

2012-01-12 00:00:00

SHANGHAI, Jan 11 (Reuters): The number of Internet users in China have crossed the half billion mark, reaching 505 million users at the end of November last year, the China Internet Network Information Center (CNNIC) reported. The Internet penetration rate...

Moody's upgrade India's rating to investment grade

2012-01-12 00:00:00

NEW DELHI, Jan 11 (PTI): Global agency Moody's Tuesday upgraded India's short-term foreign currency rating from speculative to investment grade, a development which will help domestic companies to raise funds from overseas markets at better rates. "... there has been...

China's Internet users reach half billion mark

2012-01-12 00:00:00

SHANGHAI, Jan 11 (Reuters): The number of Internet users in China have crossed the half billion mark, reaching 505 million users at the end of November last year, the China Internet Network Information Center (CNNIC) reported. The Internet penetration rate...

Orange juice prices hit record

2012-01-12 00:00:00

FLORIDA, Jan 11 (BBC): The price of orange juice on the global markets has hit a record high, after surging over the past few days.Traders say the main reasons are safety concerns about juice from Brazil, the world's largest producer...

exchange rate

2012-01-12 00:00:00

The following were the commercial banks' rates to public for some selectedforeign currencies with Bangladesh Taka in cash transaction WednesdaySelling rates to public (outward remittance)BankUSDEuroGBPJPYCHFCADAUDSCBs Sonali Bank83.4500106.9307129.39481.096288.188582.408686.2826Janata Bank83.4800107.2448129.88921.094488.466082.660486.5212Agrani Bank83.2800107.5337129.93421.093487.814282.085585.7701Rupali Bank83.5300107.7889130.43731.097388.796983.093386.9273FCBsHSBC 84.5745107.3410129.91001.145590.132684.513588.4055PCBsUttara Bank83.8500108.3831130.10431.108188.247782.688286.5399AB Bank83.9500110.5447133.29641.1099NANANABuying rates from public (inward remittance)SCBsUSDEuroGBPJPYCHFCADAUDSonali Bank82.5000104.6451127.25911.062186.253580.651984.4024Janata Bank82.5000105.1398127.23681.072386.659781.017484.8100Agrani...

Agrani plans to boost lending for shrimp cultivation in southwest

2012-01-12 00:00:00

Md Mazadul HoqueState-run Agrani Bank plans to scale up loan disbursement for shrimp cultivation in the country's coastal belts to help boost shrimp exports.The bank has put stress on financing shrimp farmers of Khulna, Bagerhat and Satkhira-the region known as...

Robi's donation to info commission

2012-01-12 00:00:00

FE ReportMobile operator Robi has provided computers and other accessories to the Information Commission in a bid to strengthen capacity of the commission and facilitate effective implementation of the Right to Information process. The mobile operator made the donation as...

Why are international investors increasingly focused on domestic demand in China?

2012-01-12 00:00:00

Beijing, Jan 11 (Reuters): The price of pork in China could soon rival U.S. payrolls as the world's most watched economic indicator. International investors are increasingly focused on domestic demand in the world's second-largest economy as their key measure of...

India, China still contribute half of world economic growth

2012-01-12 00:00:00

DUBAI, Jan 11 (Economic Times): Despite slowing down, China and India continue to contribute more than half of the world's economic growth, a new report by an investment management and advisory services firm has claimed. BlackRock Investment Institute's (BII) report,...

Gold toys with one-month highs as demand blooms

2012-01-12 00:00:00

LONDON, Jan 11 (Reuters): Gold steadied around one-month highs Wednesday after a break above a key technical level and evidence of strong demand from major consuming nations supported the market, although a retracement in the euro pulled the price below...

Saudi oil output nearing capacity limit

2012-01-12 00:00:00

DUBAI/RIYADH, Jan 10 (Reuters): Top oil exporter Saudi Arabia is nearing its comfortable operational production limits and may struggle to do much to make up for shortages that arise from new sanctions imposed on Iran by the West, Gulf-based sources...

India to cut Iran oil imports, may not seek waiver-sources

2012-01-12 00:00:00

NEW DELHI, Jan 11 (Reuters): India's government has told refiners to reduce Iranian oil imports and find alternatives as New Delhi may not seek a waiver that would protect buyers of Tehran's oil from a fresh round of US sanctions,...

shipping

2012-01-12 00:00:00

Chittagong PortBerthing positionJanuary 12, 2012Berth No. NV               Cargo           LC         LA         DA   Leaving    I/DJ/6          Ismar                             Gi(St. Bill)         Korea          Litmond     27/12    15/01       2436Nct/3    Stx Kristine                Gi(St. Bill)         Sing            Wss             04/01    12/01       --Nct/5    Santa Barbara             Urea(Bag)           Ruwa          Litmond     29/12    15/01       --Gsj:       Royal...

Europe in crisis talks as German economy grows

2012-01-12 00:00:00

PARIS, Jan 11 (AFP): European leaders and the IMF chief headed into fresh talks on the eurozone Wednesday as new data showed the German economy was able to grow robustly last year despite the drag of the debt crisis.IMF head...

India's inflation to drop to 6.5pc this month

2012-01-12 00:00:00

NEW DELHI, Jan 11 (Business Standard): India's overall inflation rate, which has remained near the double-digit mark since December 2010, is likely to fall sharply to 6.5 per cent this month and stay "low" until 2013, says a report.Contrary to...

ECB must do more to prevent 'cataclysmic' euro collapse

2012-01-12 00:00:00

FRANKFURT, Jan 11 (Reuters): The European Central Bank should ramp up its buying of troubled euro zone debt to support Italy and prevent a "cataclysmic" collapse of the euro, David Riley, the head of sovereign ratings for Fitch, said Wednesday.Speaking...

Manila eyes $1.5b investments from Qatar, Kuwait

2012-01-12 00:00:00

MANILA, Jan 11 (Reuters): The Philippines said Wednesday it expects investments totaling $1.5 billion from Qatar and Kuwait this year, with investors looking at opportunities in infrastructure, agribusiness, tourism and energy sectors.Qatar's sovereign wealth fund was taking a look at...

China bans commercial paper trust products

2012-01-12 00:00:00

BEIJING, Jan 11 (Reuters): China's bank regulator has ordered a ban on the sale of investment trust products that invest in commercial paper, at least five independent sources told the news agency Wednesday.The China Banking Regulatory Commission (CBRC), which is...

Reliance Comm in loan talks with China's CDB

2012-01-12 00:00:00

HONG KONG/MUMBAI, Jan 11 (Reuters): India's Reliance Communications, which has a $925 million convertible bond maturing in March and has failed so far in efforts to sell its tower unit, is in talks with China Development Bank for a loan...

Malaysian exports growth slows

2012-01-12 00:00:00

KUALA LUMPUR, Jan 11 (AFP): Malaysia said Wednesday its exports growth eased to 8.0 per cent year-on-year in November due to softening in demand from traditional markets such as Singapore, Thailand and the United States.The trade ministry said Malaysian overseas...

Spain industrial output plunges 7.0pc

2012-01-12 00:00:00

MADRID, Jan 11 (AFP): Spain's industrial output plunged by 7.0 per cent in November compared to a year earlier, its biggest drop in more than two years, official data showed Wednesday.The figure from the National Statistics Institute gave a fresh...

Asian Tiger Capital Partners market update on DSE

2012-01-12 00:00:00

January 11, 2012Overview:The DGEN was up by 1.27 per cent to close at 5222.25 points. The total transaction was worth Tk 4.06 billion.Price of 227 Issues appreciated whereas 28 Issues declined and 4 others remained unchanged.The Benchmark general Index DGEN...

Muhith hopes positive WB decision on Padma Bridge within this month

2012-01-12 00:00:00

FE ReportFinance Minister AMA Muhith Wednesday said he was optimistic about a favourable decision coming from the World Bank (WB) on the release of its committed fund for the Padma Bridge at the end of the current month.The decision of...