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Life insurers asked to open bank accounts for micro policy holders

2011-12-03 00:00:00

Ismail Hossain The insurance regulator has asked life insurers for opening a Tk 100 bank accounts for small policy holders whose premium size is Tk 150,000. "We have directed life insurance companies to bring small policy holders into the bank...

Trade watch

2011-12-03 00:00:00

Emirates offers complimentary Dubai visa for transit passengers Emirates has enhanced its Dubai Stopover product by offering a 'Complimentary Dubai Visa' for transit passengers, who booked a one night's Dubai Stopover Package en route to its final destination, according to...

China can't use its $3.2t reserves 'to rescue European countries'

2011-12-03 00:00:00

BEIJING, Dec 2 (Reuters): Europe cannot expect China to use a big portion of its $3.2 trillion foreign exchange reserves to rescue indebted nations, a top Chinese foreign ministry official said Friday, Beijing's strongest rebuttal yet to suggestions it should...

World industrial output up by 5.5pc in Q3

2011-12-03 00:00:00

VIENNA, Dec 2 (Xinhua): World manufacturing production increased by 5.5 per cent in the third quarter of 2011 compared to the same period of last year, said a report released Thursday by the United Nations Industrial Development Organisation (UNIDO). Though...

Argentina Nov tax revenue jumps

2011-12-03 00:00:00

BUENOS AIRES, Dec 2 (Reuters): Argentina's November tax revenue jumped 29.9 per cent from a year earlier to 47.28 billion pesos ($11.03 billion), the government said Thursday. The official tax-take data came in slightly below expectations of 47.82 billion pesos...

Pak rupee hits record low for 5th consecutive day

2011-12-03 00:00:00

KARACHI, Dec 2 (Reuters): The Pakistani rupee hit a record low for the fifth consecutive day Friday due to increased import payments, the country's bleak economic outlook and an overall weakening of regional currencies. "The rupee was traded at 89.02...

Apollo Hospitals at new high on expansion plans

2011-12-03 00:00:00

MUMBAI, Dec 2 (Business Standard): Apollo Hospitals Enterprise has rallied 5 per cent to Rs 637, its lifetime high, on reports that the company is planning to invest about Rs 300 million to increase the number of sugar clinics to...

Lankan Dialog expands fibre optic links

2011-12-03 00:00:00

COLOMBO, Dec 2 (LBO): Sri Lankan celco Dialog Axiata is expanding its fibre optic coverage with plans to provide high-speed broadband connectivity to over 100 buildings in the capital Colombo, an official said. Mangala Hettiarachchi, the firm's head of global...

Pakistan commanders in Afghan border can now return fire if attacked

2011-12-03 00:00:00

LAHORE, Dec 2 (agencies): Pakistan's commanders in the wild Afghan border region can return fire if attacked without waiting for permission, the army chief said, a change in rules of engagement that could stoke tension after Saturday's NATO strike killed...

US hands massive base over to Iraqi control

2011-12-03 00:00:00

BAGHDAD, Dec 2 (agencies): The United States Friday handed over to Iraqi control the sprawling Victory Base Complex near Baghdad, the main base from which the US war in Iraq was run, a US military spokesman said. "The Victory Base...

Lawyers in Indian Kashmir observe strike

2011-12-03 00:00:00

SRINAGAR, Dec 2: (AFP): Lawyers in Indian-administered Kashmir went on a day-long strike Thursday to demand that harsh emergency laws be revoked in the revolt-hit region. The draconian Armed Forces Special Powers Act (AFSPA) and Disturbed Areas Act (DAA) were...

news digest

2011-12-03 00:00:00

Chicken liver food poisoning link Over 90pc of cases of a common form of food poisoning seen this year were due to people eating undercooked chicken liver pate, often at weddings, infection experts have said. The Health Protection Agency (HPA)...

DSE returns to red, turnover declines notably

2011-12-03 00:00:00

FE Report After remaining a week in the positive territory the Dhaka stocks again returned to the negative, with significant decline in turnover value amid lower participation of institutional investors. The volatile week witnessed five trading sessions as usual. Among...

ICB AMCL discloses NAV of two unit funds

2011-12-03 00:00:00

ICB Asset Management Company Limited (ICB AMCL), a subsidiary of Investment Corporation of Bangladesh disclosed net asset value (NAV) of two unit funds Thursday, said press releases. The funds are- ICB AMCL Pension Holders' Unit Fund and ICB AMCL Unit...

Stocks news in brief

2011-12-03 00:00:00

US stocks futures gain on renewed European hopes NEW YORK, Dec 2: US stock index futures rose sharply on Friday as German Chancellor Angela Merkel reiterated her strong support for the euro and after a report the European Central Bank...

In Purnima's case justice was delayed, not denied

2011-12-03 00:00:00

Her face covered with her two tiny hands, she represented the land of Bangladesh in distress and disgrace. That was a decade ago when that school-going teenage girl Purnima Rani Sheel of village Purba Delua under Ullapara upazila, Sirajganj was...

Bangladesh's position in Top 10 list

2011-12-03 00:00:00

Md Joynal Abdin There are about 257 countries around the world. Among these, 192 are the members of the United Nations (UN). It is considered to be an honour to belong to the Top 10 list in terms of business...

Private sector and its importance

2011-12-03 00:00:00

M Azizur Rahman All economies are divided into two sectors: private and public. In reality, the major sector of the economy is the private sector. Private sector consists of private individual, entrepreneur, investor, broker, commission agent and their firms and...

Taj Mahal: A teardrop on the cheek of time.

2011-12-03 00:00:00

The Taj Mahal is a UNESCO world heritage site and one of the Seven Wonders of the World. Poet Rabindranath Tagore, the first Indian and Asian Nobel laureate, described the Taj Mahal as "a teardrop on the cheek of time."...

Fight against a silent murderer

2011-12-03 00:00:00

Afia Islam Lopa Of all the non-communicable diseases (NDCs), diabetes is one of the most debilitating, life threatening and incurable ailments. It is one of the major causes of sudden illness and death worldwide. World Health Organisation estimates that more...

From country boy to world-class scientist

2011-12-03 00:00:00

Seo Dong-chul Ryoo Ryong has come home. After beginning his career as a student at the Korea Advanced Institute of Science and Technology (KAIST), he now directs the institute's Centre for Functional Nanomaterials and is a distinguished professor of chemistry...

Uninterrupted power, gas supply for sustainable investment

2011-12-03 00:00:00

Abul Quasem Haider The signs of an impending landslide fall in export revenue are very much visible. We have been enjoying low-tide in export revenue for last two months. In some sectors, the overall production has dropped down at mid-point....

Tigers take on Pakistan in do-or-die match today

2011-12-03 00:00:00

Bangladesh will take on favourite Pakistan in their crucial do-or-die second One Day International (ODI) of the Cool & Cool three-match series today (Saturday) at Sher-e-Bangla National Cricket Stadium in Mirpur, reports UNB. State-owned Bangladesh Television will telecast live the...

SAFF Championship Bangladesh draw with Pakistan

2011-12-03 00:00:00

Bangladesh drew goalless with Pakistan in their group B opening match of the SAFF Championship that began at the Jawaharlal Nehru Stadium in New Delhi Friday, reports UNB. After the day's outcome, both the teams shared one point each. In...

Ponting leads Australian fightback against Kiwis

2011-12-03 00:00:00

BRISBANE, Australia, Dec 2 (AFP): Ricky Ponting, searching for an elusive century to save his Test career, led an Australian fightback on the second day of the first Test against New Zealand at the Gabba Friday. Ponting, without a century...

Pakistan forms anti-corruption div

2011-12-03 00:00:00

KARACHI, Dec 2 (AFP): Pakistan cricket authorities have approved the setting-up of a "vigilance and security division" to fight corruption in the game, a month after three top players were imprisoned for spot-fixing. Pakistan Cricket Board (PCB) has been criticised...

Satkhira to play N'ganj in first semifinal today

2011-12-03 00:00:00

Group A champion Satkhira will take on group B runner-up Narayanganj in the first semi-final of the KFC Women's Super League at Bir Shreshtha Shaheed Sepoy Mohammad Mostafa Kamal Stadium in the city's Kamalapur today (Saturday), reports UNB. The match...

Nadal seeks Davis Cup spark

2011-12-03 00:00:00

SEVILLE, Spain, Dec 2 (AFP): After a long and gruelling season, Rafael Nadal will seek to summon his last reserves of strength when Spain tackle Argentina in the Davis Cup final in Seville this weekend. Seven years ago, in the...

Rampaul blitz revives WI

2011-12-03 00:00:00

Umesh Yadav and Vinay Kumar, India's new-ball attack, exploited rare seam-bowling conditions on the subcontinent and cut through the West Indian top order. Under cloudy skies, on a cracked pitch that had bounce, they used consistent outswing to help reduce...

Transparency Int'l cuts ties with FIFA

2011-12-03 00:00:00

A corruption watchdog that was advising FIFA after a series of bribery and corruption scandals, has cut its ties with world football's governing body, reports BBC. An official with Transparency International (TI) said that two of its key recommendations had...