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BRAC observes 10-yr advocacy programme

2012-01-09 00:00:00

FE ReportBRAC, a leading non-government organisation (NGO), observed its 10-year 'Advocacy for Social Change' programme at its auditorium in the city Sunday.Former advisers to the Caretaker Government Abdul Muyeed Chowdhury and Rasheda K Chowdhury, former PSC chairman Dr Shahadat Hossain,...

Taxicab drivers demand route permit extension

2012-01-09 00:00:00

FE ReportTaxicab drivers Sunday demanded extension of route permit for an interim period until new ones hit the roads to help protect the livelihoods of thousands of people.They also called for the formulation of a law to serve the interests...

Swedish co among 50 top online employers in 2011

2012-01-09 00:00:00

FE Report Freelancer.com, the world's largest outsourcing and crowd sourcing marketplace, has become among 50 fastest growing online job employers in 2011.The technology industry continued its growth in 2011 mainly due to the boom in programming and data entry jobs.Formerly...

IMF doubts Greece's ability to fix economy

2012-01-09 00:00:00

BERLIN, Jan 8 (AFP): The International Monetary Fund has growing doubts about Greece's long-term ability to reduce its debts, German news magazine Der Spiegel reported Saturday. According to an IMF note obtained by the magazine, Greece must accelerate consolidation of...

HK Airlines places $3.8b Airbus A380 order

2012-01-09 00:00:00

HONG KONG, Jan 8 (BBC): Hong Kong Airlines (HKA) has placed an order for 10 Airbus A380 aircraft worth about $3.8bn (£2.5bn) at list prices.The contract will be a relief for the European planemaker, as the order risked being derailed...

Merkel, Sarkozy kick off year of eurozone wrangling

2012-01-09 00:00:00

BERLIN, Jan 8 (AFP): German Chancellor Angela Merkel hosts French President Nicolas Sarkozy Monday, kicking off a week of high-level talks to lay the groundwork for a crunch EU summit on taming the eurozone crisis.The duo at the heart of...

exchange rate

2012-01-09 00:00:00

The following were the commercial banks' rates to public for some selectedforeign currencies with Bangladesh Taka in cash transaction SundaySelling rates to public (outward remittance)BankUSDEuroGBPJPYCHFCADAUDSCBs Sonali Bank82.7000105.7453127.96661.085287.039080.834085.0168Janata Bank82.7300106.0971128.49641.083487.328581.102985.1996Agrani Bank82.8800106.8604129.12531.086887.074480.876984.8780Rupali Bank82.9300106.8335129.29411.088487.837681.694785.8788FCBsHSBC 83.5745107.5655129.81751.160789.214682.768787.1465PCBsUttara Bank83.3500107.5533129.11381.100487.391381.365585.5656AB Bank83.2000109.1472131.41611.1024NANANABuying rates from public (inward remittance)SCBsUSDEuroGBPJPYCHFCADAUDSonali Bank81.7500103.4498125.84121.051185.129579.095083.1796Janata Bank81.7500103.9697125.85661.061785.557379.492483.5976Agrani...

20pc regulatory duty imposed on tea import

2012-01-09 00:00:00

FE ReportThe National Board of Revenue (NBR) has imposed 20 per cent regulatory duty (RD) on the import of tea following demands of a section of local tea growers.The NBR issued a Statutory Regulatory Order (SRO) Sunday imposing the RD....

B’desh offers to sell 170,000 barrels naphtha

2012-01-09 00:00:00

State-owned Bangladesh Petroleum Corporation (BPC) has offered to sell 170,000 barrels of open-specification naphtha for February 27-29 lifting in a tender, a company official said Sunday, reports Reuters.The tender will close on January 30 with validity up to February 8...

'Asia becomes new world economic centre'

2012-01-09 00:00:00

KARACHI, Jan 8 (Business Recorder): With speedy changes in global economics scenario, particularly Europe where economics development has achieved its optimum level and growth becomes stagnate that demanding reforms in prevailing political economics system as in past they had significant...

Better deal mulled for foreign euro fund investors

2012-01-09 00:00:00

BERLIN, Jan 8 (AFP): The head of the eurozone's bailout fund is considering offering foreign investors a better deal in a bid to improve sluggish demand, a German newspaper reported Sunday.Klaus Regling, who runs the European Financial Stability Facility (EFSF),...

Gold prices may touch $2,000 an ounce in 2012: Study

2012-01-09 00:00:00

NEW DELHI, Jan 8 (Economic Times): Gold prices are likely to increase for the third consecutive year and would touch a record high of USD 2,000 an ounce in 2012, said a survey.According to the annual London Bullion Market Association...

World Bank to recommend China financial reforms

2012-01-09 00:00:00

CHICAGO, Jan 8 (Business Recorder): The World Bank (WB) will recommend reforms to China's domestic financial system as part of broader proposals to help wean the country from a dependence on exports to sustain economic growth, World Bank President Robert...

India's onion exports decline 23 per cent

2012-01-09 00:00:00

NEW DELHI, Jan 8 (Business Standard): Onion exports from India declined by nearly 23% in the first nine months of the current financial year as compared to last year mainly due to high price of shipment at $250 per tonne.China...

Auto makers stumble in India's policy fog

2012-01-09 00:00:00

NEW DELHI, Jan 7 (AFP): Global auto makers which have rushed to set up factories in India to feed local demand admit they have been tripped up in the last 12 months by the country's unpredictable policy-making.After a stellar 2010-2011,...

shipping

2012-01-09 00:00:00

Chittagong PortBerthing positionJanuary 9, 2012Berth No. NV               Cargo           LC         LA         DA   Leaving    I/DJ/3          Maa Samuda Khatun   C. Clink           Honga        Srsl              16/12    10/01       980J/4          An Yue Jiang                GI                      S.Hai           Cosco         05/01    10/01       284J/5          Marinus Green              GI                      Bourq         Sunshine   03/01    10/01      ...

ECB to ring in new year with rates on hold

2012-01-09 00:00:00

FRANKFURT, Jan 8 (AFP): The European Central Bank (ECB), after cutting interest rates for the past two months, is unlikely to do so again this month, analysts say, but additional cuts could still be on the cards later this year.With...

Cameron says EU-wide financial tax would harm Europe

2012-01-09 00:00:00

LONDON, Jan 8 (AFP): British Prime Minister David Cameron said Sunday he would block any attempt to introduce an EU-wide financial transaction tax because he fears it will harm jobs and prosperity in Europe.Cameron said countries such as France pushing...

BKB continues trend of loan disbursement, recovery

2012-01-09 00:00:00

Bangladesh Krishi Bank (BKB) has geared up the disbursement of rural and agricultural loans in order to boost up agricultural production, said a statement. To achieve self-reliance in food production, the bank disbursed loan of Tk 30.09 billion during last...

India's real GDP to touch $2.5t by 2021

2012-01-09 00:00:00

NEW DELHI, Jan 8 (Business Standard): India's real GDP is expected to touch $2.5 trillion by 2021 as the country's macroeconomic fundamentals, like savings, investments and per capita income, are growing strong, a study today said.At present, the country's real...

Asian Tiger Capital Partners market update on DSE

2012-01-09 00:00:00

January 8, 2012Overview:The DGEN was down by 0.90% to close at 5417.54 points. The total transaction was worth BDT 6.15bn.Price of 97 Issues appreciated whereas 154 Issues declined and 12 others remained unchanged.The Benchmark general Index DGEN ended in the...

German carmakers buoyed by boost in US sales

2012-01-09 00:00:00

WASHINGTON, Jan 8 (AFP): German automakers are revving up for an aggressive push to expand their customer base in the highly competitive US market and will unleash a slew of hot new products at the Detroit auto show this week.While...

Chinese bank lending higher in December

2012-01-09 00:00:00

BEIJING, Jan 8 (AFP): Chinese banks ramped up lending at the end of 2011, official data showed Sunday, after Beijing relaxed credit restrictions and ordered banks to boost support for small businesses.China's state-owned lenders issued 640.5 billion yuan ($101.5 billion)...

Taiwan confiscates 2,200 guns ahead of polls

2012-01-08 00:00:00

TAIPEI, Jan 7, (AFP): Taiwanese authorities have confiscated more than 2,200 guns in a bid to thwart election-related crime in the run-up to next week's presidential and legislative polls, a report said Saturday.Prosecutor-general Huang Shyh-ming was quoted by the state...

news digest

2012-01-08 00:00:00

Pakistan frees 179 Indian fishermenKARACHI, Jan 7: Pakistan freed 179 Indian fishermen on Saturday who were imprisoned for violating territorial waters, the prisons chief said. "We have released 179 Indian fishermen and a civilian prisoner who had completed their sentences."...

Residents flee homes after Islamists attack in Nigeria, 17 killed

2012-01-08 00:00:00

KANO, (Nigeria), Jan 7 (agencies) Hundreds of residents fled their homes Saturday in a town in northeastern Nigeria in the wake of all-night gun battles between Islamists and security forces, police and residents said.Dozens of armed Islamists stormed Potiskum on...

Mixed inflationary trend

2012-01-08 00:00:00

On the inflation front, there are both good news and bad news. The point-to-point food inflation in December last was down by 2.07 per cent and non-food inflation up by 1.19 per cent compared to those of the previous month....

Public healthcare services in a mess

2012-01-08 00:00:00

Shahiduzzaman KhanIt is just horrible to look into the state of affairs prevailing in the public healthcare services. Common people, especially the poor ones, are not even the getting minimum services. There are infrastructures at the upazila and union levels....

Energy pricing requires to be addressed with care

2012-01-08 00:00:00

Shihab AhmedEnergy pricing is a delicate issue. It requires to be addressed with utmost care by policymakers. Energy prices on moving up may unduly contribute directly to costs of living and undermine the competitiveness of industries and services.There is a...

Experts for alternative connection during the interim period

2012-01-08 00:00:00

Md Jamal UddinCountry`s ICT sector will get strong force after connectivity with the second submarine cable. It will also increase flow of foreign currency earning, said the experts of information and communication technology (ICT).But they suggested the government to ensure...