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Social Business Summit in Vienna

2011-11-02 00:00:00

Shariful IslamThe Global Social Business Summit 2011 (GSBS2011) will be held in Vienna from November 09 to November 12. This will be the third time that this annual social business event is being held. The previous two were held in...

New website seeks to hold journalists accountable

2011-11-02 00:00:00

In a statement on its home page, News Transparency said its goal is to help users "find out more about the people who produce the news" and "hold them accountable, the same way that journalists hold other powerful institutions accountable,...

Americans find the politics of economy to be ridiculous, disgusting and stupid

2011-11-02 00:00:00

Syed Munir KhasruDuring the passage of the raising of US debt ceiling in early August, as Republicans and Democrats locked horns dishing out plans after plans to reach a compromise, the Americans were held hostage to a drama which unfortunately...

Changing paradigm of 'Word-of-Mouth' marketing through social media

2011-11-02 00:00:00

Monir Ibn Hafiz BhuiyanSome days ago, one of this scribe's Facebook friends shared his pleasant experience of having good foods and services at a restaurant in Chittagong. That was noticed through the Facebook account. After few days, this writer went...

aDoha deal could boost world exports $505 bln, if revived: EU

2011-11-02 00:00:00

The Doha round of global trade talks -- launched almost ten years ago at the World Trade Organization -- has failed to reconcile rich and emerging nations over how to tear down long-established barriers protecting domestic farming, industrial and services...

Four SCBs start disbursing Tk 3.65b loan to buy raw hide

2011-11-02 00:00:00

Siddique Islam Four state-owned commercial banks (SCBs) have started disbursement of around Tk 3.65 billion as loans among the clients to procure raw hide of sacrificial animals during Eid-ul-Azha. "Only those regular parties who have already repaid their outstanding dues,...

ECNEC okays 450-mw power plant at Ashuganj

2011-11-02 00:00:00

FE ReportThe government's highest economic policy-making body ECNEC Tuesday approved construction of a 450-megawatt power plant at Ashuganj, investing Tk 34 billion, to ease the country's ongoing electricity crisis, officials said. Presided over by Prime Minister Sheikh Hasina, the Executive...

PM stresses agri research to boost food output

2011-11-02 00:00:00

Prime Minister Sheikh Hasina on Tuesday stressed the importance of agricultural research to give a boost to farm output and thus ensure food security in the country, reports UNB. "It's the research that can boost the food production and ensure...

Call money rate slightly upward

2011-11-02 00:00:00

FE Report The inter-bank call money rate moved up further Tuesday, as withdrawal of cash from the banks gathered pace ahead of the Eid-ul-Azha festival, treasury officials said. "The call money rate moved up slightly on the day despite the...

PM greets Ivy with flowers

2011-11-02 00:00:00

Prime Minister Sheikh Hasina has greeted Narayanganj mayor-elect Selina Hayat Ivy, reports bdnews24.com. Ivy received the floral greetings after a nearly 30-minute meeting with Hasina at her official residence, Gonobhaban, Tuesday night. Shamim Osman, the defeated Awami League-backed mayor aspirant,...

Narsingdi mayor shot at

2011-11-02 00:00:00

Unknown gunmen spread bullets on Mayor of Narsingdi Lokman Hossain inside district Awami League office in Narsingdi town at about 8:30 pm Tuesday, reports UNB. Hit by three bullets in the chest, head and abdomen, Lokman was rushed to the...

25 illegal B'deshworkers held in UK

2011-11-02 00:00:00

Twenty-five illegal workers from Bangladesh have been detained in several enforcement operations on businesses and private addresses across the United Kingdom, a press statement British High Commission in Dhaka has said, reports bdnews24.com. A Bangladeshi restaurant owner has also been...

Dhaka stocks rebound, turnover declines

2011-11-02 00:00:00

FE ReportDhaka stocks rebounded Tuesday breaking the four straight sessions' losing streak, as the investors went for aggressive buying in the late hour, capitalising attractive prices of shares. Meanwhile, though the market closed higher, a section of investors under the...

Revised rights issue rule approved, GSP Finance to go public

2011-11-02 00:00:00

FE ReportThe securities regulator has approved the revised rights issue rule, incorporating some provisions, including the mandatory condition of having profits in preceding three years for issuing rights with premium, officials said. The Securities and Exchange Commission (SEC) has also...

BATBC on spot market

2011-11-02 00:00:00

Trading of the shares of BATBC will be allowed only in the spot market and blockodd lot transactions will also be settled as per spot settlement cycle with cum benefit from today (Wednesday) to November 13, 2011. Trading of the...

New DMDs of Social

2011-11-02 00:00:00

Islami Bank AMM Farhad and Mohammad Mohasin Mia have been promoted to the post of deputy managing directors (DMDs) of Social Islami Bank Limited, said a press release. Their promotion was approved in a recent board meeting of the bank....

SCB global head of SME due today

2011-11-02 00:00:00

FE ReportSom Subroto, Global Head of SME, Banking arrives Dhaka today (Wednesday) for a two day official visit. This will be his first official visit to Bangladesh. During his stay in Dhaka, he is expected to meet the senior government...

Trading in city's cattle markets yet to gain momentum

2011-11-02 00:00:00

Jubair Hasan With six days left for Eid-ul-Azha celebration, trading in the city's cattle markets is yet to gain momentum due to poor presence of buyers Tuesday. Traders said the buyers mostly came to the haats (markets) only to take...

Credit Suisse cuts 1,500 jobs, shrinks investment bank

2011-11-02 00:00:00

ZURICH, Nov 1 (Reuters): Credit Suisse will cut another 1,500 jobs and scale back its capital-guzzling investment banking business as it seeks to meet tough new regulations ahead of other banks after the unit reported disappointing third-quarter results. The job...

Big surge in manpower export likely next year

2011-11-02 00:00:00

Arafat AraThe country recorded highest number of overseas jobs in October over the 10 months of 2011 thanks to gradual increase in employment opportunities in the Middle Eastern countries, officials said. Data released by the Bureau of Manpower Employment and...

Myanmar seeks outside help to build 'green economy'

2011-11-02 00:00:00

NAYPYIDAW, Nov 1(AFP): Myanmar urged developed nations on Tuesday to share their green technologies, in the military-backed government's latest effort to reach out to the global community. "Being a developing country, we need technological transfer, particularly for the development of...

Despite debt deal, Europe may slide into recession

2011-11-02 00:00:00

FRANKFURT, Nov 1(AP): Europe may be able to dodge a financial meltdown. It may not be able to avoid a recession. The deal European leaders reached last week to defuse the continent's debt crisis was thrown into turmoil Tuesday by...

GP to provide business solutions to Norway firm

2011-11-02 00:00:00

Mobile operator Grameenphone (GP) will provide business solution to a brick-making firm PCCN Bangladesh. Bangladesh chapter of the Norwegian company produces alternative brick using polymer concrete. The country's largest mobile phone operator inked an agreement with the company recently to...

India's factory growth rebounds from 30-month low

2011-11-02 00:00:00

BANGALORE, Nov 1 (Reuters): Indian manufacturing rebounded for the first time in six months during October, having virtually stalled in September, boosted by rising domestic orders for new business, a survey showed Tuesday. The HSBC Markit India Manufacturing PMI rose...

S'pore consumer confidence dips to lowest in two years

2011-11-02 00:00:00

SINGAPORE, Nov 1 (Xinhua): Singapore's consumer confidence has dropped to its lowest in two years, according to the latest Nielsen Index. The reading for the index in the third quarter was 94 points, the lowest in two years and even...

Sri Lanka aims high in doing business ranking

2011-11-02 00:00:00

COLOMBO, Nov 1 (LBO): Sri Lanka is aiming to reach 70 in an ease of doing business ranking compiled by the World Bank next year from 89 in 2012, and 30 in 2014 by cutting red tape and transforming the...

British GDP registers 0.5pc rise in Q3

2011-11-02 00:00:00

LONDON, Nov 1 (Xinhua): Britain saw its GDP grew 0.5 per cent in the third quarter of 2011, according to the preliminary estimate of the Office for National Statistics (ONS) released Tuesday. This has been a boost from the 0.1-per...

S Korea's consumer price growth slows in Oct

2011-11-02 00:00:00

SEOUL, Nov 1 (Xinhua): South Korea's consumer price growth slowed to 3.9 per cent in October, falling below 4 per cent for the first time this year, a government report showed Tuesday. Consumer prices rose by 3.9 per cent in...

Asian Tiger Capital Partners market update on DSE

2011-11-02 00:00:00

The Benchmark General Index DGEN registered a gain of 168.7 points in a reversal of last subsequent four trading days' downtrend. However, 8.7 per cent lower trading value than previous day's trade suggested lack of institutional investors' participation and speculative...

REHAB starts sending show-cause notices to 20 realtors for alleged violation of rules, cheating

2011-11-02 00:00:00

Shah Alam NurReal Estate & Housing Association of Bangladesh (REHAB) has started serving show-cause notices on some 20 real estate companies for what it termed breaching law of the land. On the contrary, the victim realtors said that the action...