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M I Cement holds 17th AGM

2011-12-19 00:00:00

FE Report M.I. Cement factory Ltd. (Crown Cement) held its 17th Annual General Meeting at Bashundhara Convention Center-2 Sunday. Mr. Mohammed Jahangir Alam, Chairman of the company presided over the meeting. He described different success stories of the company along...

ICAB suggests payment from govt's coffer

2011-12-19 00:00:00

Doulot Akter Mala The country's chartered accountants have suggested that the government arrange remuneration of panel facilitators of ADR from government's coffer, without depending on taxpayers or petitioners to have impartial judgment on tax issues. The government, in a consultation...

CSR of CBC

2011-12-19 00:00:00

FE Report Country Manager of Commercial Bank of Ceylon PLC Mr. S. Prabagar recently handed over a cheque to Rev. Father Benjamin Costa, Principal, Notre Dame College towards establishment of a scholarship fund for the poorest and meritorious students of...

News Briefing

2011-12-19 00:00:00

Central Shariah Board for Islamic Banks of Bangladesh has called the 6th essay competition for students of general and madrasa students. The participants in the competition who will secure the first, second and third positions in each group will receive...

Turkish Tema Gr to up B'desh apparel imports

2011-12-19 00:00:00

FE Report Turkish textile giant Tema Group Sunday urged local apparel suppliers to focus on quality to avoid shipment delay, which makes exports costlier. "Tema and Bangladesh have to be competitive. Good enough is no longer good enough," Edward Southall,...

Buyers throng roadside warm clothing shops in city

2011-12-19 00:00:00

Talha Bin Habib After going through the initial period of dullness, the sales of winter clothes in the capital shot up Sunday due to a sudden rise in intensity of the mild cold wave sweeping across the country. In order...

Mobile handset shipments to India up 13.8pc

2011-12-19 00:00:00

NEW DELHI, Dec 18 (Business Standard): Mobile handset shipments to India increased by 13.8 per cent to 47 million units in July-September, 2011, propelled by sales of dual-SIM handsets, according to research firm IDC.

Frozen fish exporters seek govt help

2011-12-19 00:00:00

Monira Munni Frozen fish exporters have sought government's assistance for launching cultivation of vannamei -- a new variety of shrimp -- aiming to raise production and earn a billion dollars a year. They said if they can successfully start cultivation...

413 RMG workers sent back from Jordan

2011-12-19 00:00:00

Shah Alam Nur Some 413 Bangladeshi garment workers, mostly female, have returned home from Jordan as the Taiwanese-owned garment factory Maintrend International accused them of vandalising and creating chaos in the factory. A number of the women workers who have...

Obama signs spending bill, averts shutdown

2011-12-19 00:00:00

WASHINGTON, Dec 17 (AFP): President Barack Obama signed into law a $1.0 trillion spending bill Saturday, averting a government shutdown, though fresh congressional gridlock looms in the 2012 election year over a payroll tax cut. The US Senate earlier passed...

'India is emerging gas market for Qatar'

2011-12-19 00:00:00

NEW DELHI, Dec 18 (Economic Times): India is emerging as one of the largest gas markets for Qatar and offers opportunities for two-way investment partnership, a top Doha Bank official has said. "Cooperation in Power sector between India and Qatar...

Asian Tiger Capital Partners market update on DSE

2011-12-19 00:00:00

The Benchmark General Index DGEN ended flat on the first trading day of the week having lost around one tenth of a percent and closing below 5000 points. The whole trading session was marked by choppy trading with the Index...

British PM gets poll boost after EU spat

2011-12-19 00:00:00

LONDON, Dec 18 (AFP): British Prime Minister David Cameron's Conservative Party has opened up a wider lead on the opposition in the wake of the stormy EU summit, a poll out Sunday showed. The ICM survey for The Sunday Telegraph...

KFC eyes 500 restaurants in India by 2015

2011-12-19 00:00:00

NEW DELHI, Dec 18 (Economic Times): Putting behind violent protests against its entry in the mid-1990s, American restaurant chain Kentucky Fried Chicken, better known as KFC, has thrived on the growing fascination for fast food among the Indian middle class...

Microfinancing lifts tsunami-hit Japan firms

2011-12-19 00:00:00

TOKYO, Dec 18 (AFP): The world's third largest economy might not seem the obvious place to find the need for microfinancing, but for businesses in tsunami-ravaged northeast Japan, it could be the key to revival. Music Securities, a brokerage more...

Private banks now encouraging woman entrepreneurship

2011-12-19 00:00:00

Md Mazadul Hoque The country's private banks are now putting more attention on woman entrepreneurs aiming to bring back the glory of traditional hand-made products which would increase foreign exchange income, the bankers said. The bankers also said if hidden...

Some realtors grabbing land of graveyards

2011-12-19 00:00:00

FE Report Speakers at a seminar in the city Sunday said a section of realtors are grabbing the land of graveyards and building real estate projects there while the sector is in risk due to cheating by some of them....

Decision allowing 'kutcha' jute bales export to India withdrawn

2011-12-19 00:00:00

Arafat Ara The government has withdrawn the decision of allowing export of raw jute to India in the form of 'kutcha' bales following protests from the local millers and raw jute exporters. The Ministry of Textiles and Jute issued a...

Indian tea industry may touch Rs330b by 2015

2011-12-19 00:00:00

The size of the tea industry may touch Rs 330 billion by 2015, driven by the growing popularity of different varieties like herbal and ice tea and awareness about their health benefits, an Assocham study has said, reports Business Standard....

China Shenhua to make alumina from coal ash

2011-12-19 00:00:00

BEIJING, Dec 18 (Reuters): China Shenhua Group, the country's largest coal producer, has started building a $21.4 billion facility to produce alumina from coal ash, the state Xinhua news agency said on Sunday, citing a senior company executive. The company...

China Nov housing inflation eases as tightening bites

2011-12-19 00:00:00

BEIJING, Dec 18 (Reuters): China's November housing inflation eased to its lowest level in the year, a victory for Beijing's campaign to ward off property bubbles as it steadily loosens monetary policy to ensure a soft landing in the world's...

Indian power sector to create over 0.4m jobs in 2012-17

2011-12-19 00:00:00

NEW DELHI, Dec 18 (Business Standard): The fast-growing Indian power sector is projected to create more than 0.4 million jobs to achieve a capacity addition of over 94,000 MW in 12th Five-Year Plan ending March 2017. The investment in the...

BD urges US in WTO meet to back LDCs' issues in DDA

2011-12-19 00:00:00

FE Report Civil Aviation and Tourism Minister Muhammad Faruk Khan who led Bangladesh delegation to the just concluded WTO conference in Geneva called upon the US to support the LDCs' issues in the Doha Development Agenda (DDA). He sought the...

Asia Pacific region projected to receive 405m tourists by 2020

2011-12-19 00:00:00

FE Report Asia Pacific region is projected to receive 405 million arrivals of total international tourism by 2020, which is 25 per cent of the global international tourism market, said a statement Sunday. This will place the region as the...

Deal with Germany for Tk 6.32b grants

2011-12-19 00:00:00

FE Report Germany will provide Bangladesh grants of Tk 6.32 billion to support the rural and urban governance and infrastructural development. The financing will also cover the programmes and projects for the development of environment, energy sectors and health sectors....

MoC set to expand DNCRP offices in all diststricts

2011-12-19 00:00:00

Badrul Ahsan The Ministry of Commerce (MoC) has taken steps to expand offices of the Directorate of National Consumer Rights Protection (DNCRP) in the country's 64 districts to strengthen activities for establishing consumers' rights, officials said. Besides, the ministry has...

Winter clothes markets heat up in Khulna

2011-12-19 00:00:00

Our Correspondent KHULNA, Dec 18: Sales of warm clothes have picked up at roadside makeshift shops and different hawker markets in Khulna as the mercury has plummeted in the region intensifying the wintry chill over the last few days. The...

Boro farming starts in Nilphamari

2011-12-19 00:00:00

Our Correspondent NILPHAMARI, Dec 18: Cultivation of Boro paddy has started in Nilphamari district. Department of Agriculture Extension (DAE) sources said this year's target of Boro cultivation is 315822 metric tonnes on 78112 hectares of land. The average production target...

Old man dies in Jessore cold spell

2011-12-19 00:00:00

JESSORE, Dec 18 (UNB): A septuagenarian man died in Jessore town due to extreme cold early Saturday. Kotwali thana police said they recovered the body of an unidentified man, aged 75, from Circuit House More (intersection) in the morning on...

Four killed in road accidents

2011-12-19 00:00:00

Our Correspondent PABNA, Dec 18: A motorcyclist was killed in a road accident at Alhaz crossing in Ishwardi upazila of Pabna Saturday night. The deceased was identified as Ripu Sardar, 43, a rice trader and a resident of Ishwardia municipality...