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Tackling overproduction of potatoes

2011-12-30 00:00:00

It appeared farmers overproduced potatoes last year hoping to get a good return. But a quantity of the overproduced potatoes--some 1.0 million tons are in danger of getting rotten as there is now no way to fast unload them from...

Tablets, e-readers closing book on ink-and-paper era

2011-12-30 00:00:00

Tablet computers and electronic readers promise to close the book on the ink-and-paper era as they transform the way people browse magazines, check news or lose themselves in novels. "It is only a matter of time before we stop killing...

Iranian Camp Ashraf exiles to begin leaving Iraq camp

2011-12-30 00:00:00

The leader of a group of Iranian exiles living in a camp outside the Iraqi capital, Baghdad, has said 400 of its residents are preparing to relocate, reports BBC. The group's Paris-based leader, Maryam Rajavi, said the decision to leave...

E-readers to close book on ink and paper era!

2011-12-30 00:00:00

SAN FRANCISCO, Dec 29 (AFP): Tablet computers and electronic readers promise to close the book on the ink and paper era as they transform the way people browse magazines, check news or lose themselves in novels. "It is only a...

Govt likely to cut foreign aid chunk in revised ADP

2011-12-30 00:00:00

FHM Humayan Kabir The government is likely to cut foreign aid allocations by 20 per cent to Tk 150 billion in the development budget as project implementation agencies have shown poor performance in implementing the donor-supported schemes, officials said Thursday....

Grand alliance for faster war crimes trial

2011-12-30 00:00:00

The Awami League-led 14-party combine and other like-minded political parties supporting the trial of war criminals will bring out processions and hold rallies in every district of the country on January 7 to shape up public opinion on the issue....

Economy on sound track: BB report

2011-12-30 00:00:00

The economic growth in the country is on a sound and rising trend with increased remittance inflow and export growth in the last three years, according to a central bank report. The report, released Thursday, said the remittance received in...

Oil price to remain between $100 and $120 a barrel in '12

2011-12-30 00:00:00

Fazle Rashid NEW YORK, December 29: After the gloomy predictions made by the International Monetary Fund (IMF) and the European Central Bank (ECB) that the global economy will reach a perilous level in 2012 comes the news about oil prices...

SAARC finance ministers meet in city next month

2011-12-30 00:00:00

Nazmul Ahsan The finance ministers of eight South Asian nations will hold a two day long meeting in Dhaka next month to find out solution to common economic problems in sluggish investment, soaring inflation and to ensure greater flow of...

Police charge batons, use tear gas to foil siege to Energy Ministry

2011-12-30 00:00:00

Police Thursday charged batons and used tear gas shells dispersing demonstrators who tried to lay siege to the Energy Ministry to press for various demands including cancellation of awarding Phulbari coal mine contract to Asia Energy and open pit coal...

Yunus seeks review of dismissal verdict

2011-12-30 00:00:00

Microfinance pioneer Muhammad Yunus is seeking a review of a Supreme Court judgement that upheld his dismissal from his Nobel prize-winning Grameen Bank, his lawyer said on Thursday, reports AFP. Yunus was fired by the central bank on March 2...

DSE indices, turnover rise

2011-12-30 00:00:00

FE Report Dhaka stocks ended the year's last trading session Thursday positively amid volatility with rise in turnover value, as the investors were active in the market. The market rose steeply gaining more than 40 points within first five minutes....

Bourses submit concept papers on demutualisation

2011-12-30 00:00:00

FE Report The country's both the stock exchanges submitted Thursday the much-awaited concept papers on their proposed demutualisation to the finance minister, officials said. The leaders of both the bourses handed over their concept papers to the Finance Minister AMA...

India Inc finds dollar funding grows scarce, expensive

2011-12-30 00:00:00

MUMBAI, Dec 29 (Reuters): Indian companies can no longer count on dollar credit as a cheap funding alternative to expensive domestic borrowings. While surging interest rates at home had prompted many Indian companies to look offshore to raise dollars this...

corporate watch

2011-12-30 00:00:00

Youngone CSR to restore heritage site FE Report Youngone Corporation is embarking on a project for restoration of a splendid heritage site 'Baro Sardar Bari' in Sonargaon, the ancient capital of Bengal. The Baro Sardar Bari currently houses the Sonargaon...

Govt likely to cut foreign aid chunk in revised ADP

2011-12-30 00:00:00

FHM Humayan Kabir The government is likely to cut foreign aid allocations by 20 per cent to Tk 150 billion in the development budget as project implementation agencies have shown poor performance in implementing the donor-supported schemes, officials said Thursday....

Grand alliance for faster war crimes trial

2011-12-30 00:00:00

The Awami League-led 14-party combine and other like-minded political parties supporting the trial of war criminals will bring out processions and hold rallies in every district of the country on January 7 to shape up public opinion on the issue....

Economy on sound track: BB report

2011-12-30 00:00:00

The economic growth in the country is on a sound and rising trend with increased remittance inflow and export growth in the last three years, according to a central bank report. The report, released Thursday, said the remittance received in...

Oil price to remain between $100 and $120 a barrel in '12

2011-12-30 00:00:00

Fazle Rashid NEW YORK, December 29: After the gloomy predictions made by the International Monetary Fund (IMF) and the European Central Bank (ECB) that the global economy will reach a perilous level in 2012 comes the news about oil prices...

SAARC finance ministers meet in city next month

2011-12-30 00:00:00

Nazmul Ahsan The finance ministers of eight South Asian nations will hold a two day long meeting in Dhaka next month to find out solution to common economic problems in sluggish investment, soaring inflation and to ensure greater flow of...

Police charge batons, use tear gas to foil siege to Energy Ministry

2011-12-30 00:00:00

Police Thursday charged batons and used tear gas shells dispersing demonstrators who tried to lay siege to the Energy Ministry to press for various demands including cancellation of awarding Phulbari coal mine contract to Asia Energy and open pit coal...

Yunus seeks review of dismissal verdict

2011-12-30 00:00:00

Microfinance pioneer Muhammad Yunus is seeking a review of a Supreme Court judgement that upheld his dismissal from his Nobel prize-winning Grameen Bank, his lawyer said on Thursday, reports AFP. Yunus was fired by the central bank on March 2...

Labour unrest in apparel sector marks fall by 43pc

2011-12-30 00:00:00

Jasim Uddin Haroon Labour unrest in the country's main apparel making belts has registered a fall by nearly 43 per cent in 2011 over the calendar year 2010, according to BGMEA statistics revealed Wednesday. Bangladesh Garment Manufacturers and Exporters Association...

BSFIC to produce sugar from sugar beet

2011-12-30 00:00:00

Monira Munni The state-run sugar corporation will produce sugar from sugar beet to meet the growing demand of the item in the country, officials said. Bangladesh Sugar and Food Industries Corporation (BSFIC) has recently launched a pilot project titled 'Development...

CCCI holds AGM

2011-12-30 00:00:00

Our Correspondent CHITTAGONG, December 29: The annual general meeting (AGM) of Chittagong Chamber of Commerce and Industry for the year 2010-11 was held today at the CCCI conference hall. Chaired by president of the trade body Murshed Murad Ibrahim the...

Insurers accuse banks of discouraging Tk 100 accounts

2011-12-30 00:00:00

Ismail Hossain State-owned banks are reluctant to open savings bank accounts of small policy holders with initial amount of Tk 100, alleged life insurers. They said that they have been receiving hundreds of such allegations from the field level that...

'Seasonal migration can ease seasonal famine' in rural Bangladesh

2011-12-30 00:00:00

Yasir Wardad Seasonal migration has been proved encouraging phenomenon mitigating the consequences of seasonal famine in rural Bangladesh, International Growth Centre (IGC) research revealed. The ongoing study by IGC under the London School of Economics has shown that seasonal migration...

News Briefing

2011-12-30 00:00:00

RB Group's winter sale in Jan RB Group's winter sale festival will kick off early next year where the clients will get gift offer worth around Tk 10 million. The Group's public relations and media director Humayun Kabir said, the...

US retail sales resilient in final holiday stretch

2011-12-30 00:00:00

WASHINGTON, Dec 29 (Reuters): US retail sales look poised for a solid finish to the holiday season as consumers hit stores and went online to snap up last-minute gifts, according to data released Wednesday. Still, overall sales growth lagged the...

Banks' deposits at ECB down from record high

2011-12-30 00:00:00

FRANKFURT, Dec 29 (AFP): The volume of overnight funds held by banks at the European Central Bank (ECB) has declined from the record highs seen earlier this week, official data showed Thursday. Banks put 436.58 billion euros ($564 billion) on...