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Afghan woman MP 'critical' in vote row hunger strike

2011-10-11 00:00:00

KABUL, Oct 9 (AFP): An Afghan woman MP was in a critical condition Sunday, her doctor said, after entering the eighth day of a hunger strike to protest against her expulsion from parliament over alleged vote fraud. Semin Barakzai, one...

Australian military hit by sex assault claim

2011-10-11 00:00:00

SYDNEY, Oct 9 (AFP): A female soldier serving with Australian forces in Afghanistan was allegedly sexually assaulted on a military base, officials said Sunday, just days before the release of a report into defence abuse cases. The soldier, whose rank...

Foreign banks foray into farm loan

2011-10-11 00:00:00

Md Mazadul Hoque Foreign banks operating in Bangladesh have moved into the farm sector investment as part of the central bank requirement to boost agricultural credits, bankers said. The Bangladesh Bank (BB) has directed foreign banks to set aside at...

Tk 4.0b JICA credit soon for BB's SME refinancing scheme

2011-10-11 00:00:00

Badrul Ahsan The country's SME (Small and Medium Enterprises) sector is going to see a further boost as Japan International Cooperation Agency (JICA) will soon give Tk 4.0 billion credit to Bangladesh Bank's SME refinancing scheme, official said. An agreement...

'Banks to be forced to bolster liquid assets'

2011-10-11 00:00:00

LONDON, Oct 10 (Reuters): Global banking regulators will press ahead with the first worldwide effort to force banks to hold more liquid assets, the chairman of the Basel Committee on Banking Supervision said in an interview with the Financial Times...

BTRC's 'no' to GP plea to delay payment of arrears

2011-10-11 00:00:00

FE Report Telecom regulator -- BTRC -- turned down the Grameenphone's plea to withhold the former's letter on October 3 with regard to payment of Tk 30.34 billion dues by October 24 next. The BTRC (Bangladesh Telecommunication and Regulatory Commission)...

EU delays summit to finalise crisis plans

2011-10-11 00:00:00

BRUSSELS, Oct 10 (AP): The president of the European Union said Monday he is delaying next week's summit of EU leaders until Oct. 23 because they need more time to finalise a plan to fight a worsening debt crisis. The...

Shrimp exporters to stopbuying fish from Oct 24

2011-10-11 00:00:00

Sonia H Moni Shrimp exporters will stop buying fish from October 24 in protest against the artificial weight hike of prawns by unscrupulous traders. Eight companies in Khulna have stopped buying fresh water prawns to protest the malpractice under which...

NBR chief gets one-year job extension

2011-10-11 00:00:00

The National Board of Revenue (NBR) Chairman Dr Nasiruddin Ahmed Monday received one-year extension of his job tenure. Job contract of Dr Nasir, also secretary of the Internal Resources Division (IRD), was scheduled to expire on October 28. A senior...

PROSHIKA secures MRA certification

2011-10-11 00:00:00

Struggling non-government group, PROSHIKA, has obtained certification from the Microcredit Regulatory Authority (MRA) to operate micro credits. Mahbub-ul-Karim, chief executive officer of PROSHIKA, Monday received the certificate from the regulator body. The conflict over the organisation's leadership has thrown it...

GE expands wind turbine business in India

2011-10-11 00:00:00

NEW YORK, Oct 10: General Electric Co. is expanding its wind turbine business in India. The industrial and financial giant said Monday that its Energy Financial Services division will invest $50 million to build wind energy projects in India. The...

Afghan woman MP 'critical' in vote row hunger strike

2011-10-11 00:00:00

KABUL, Oct 9 (AFP): An Afghan woman MP was in a critical condition Sunday, her doctor said, after entering the eighth day of a hunger strike to protest against her expulsion from parliament over alleged vote fraud. Semin Barakzai, one...

Australian military hit by sex assault claim

2011-10-11 00:00:00

SYDNEY, Oct 9 (AFP): A female soldier serving with Australian forces in Afghanistan was allegedly sexually assaulted on a military base, officials said Sunday, just days before the release of a report into defence abuse cases. The soldier, whose rank...

India Inc's profit growth set to hit 18-month low

2011-10-11 00:00:00

MUMBAI, Oct 10 (Times of India): Elevated raw material costs, slackening demand and high interest rates are expected to drive down net profits of India Inc to an 18-month low in the second quarter of the current fiscal. Operating profit...

China's cash-strapped small firms ring alarm bells

2011-10-11 00:00:00

BEIJING, Oct 10 (Xinhuanet): China's small businesses turned to be the first to ring the alarm as the country is walking a fine line between fighting inflation and maintaining growth. Some entrepreneurs have disappeared and others have jumped off buildings...

S Korea's export growth slows on external uncertainties

2011-10-11 00:00:00

SEOUL, Oct 10 (Xinhua): South Korea's export growth slowed in August due to heightened external uncertainties, but the nation' s domestic demand sustained growth, a state-run think tank said Monday. "Our economy saw exports grow at a slower pace due...

Sri Lanka tourist arrivals up 27pc in September

2011-10-11 00:00:00

COLOMBO, Oct 10 (LBO): Tourist arrivals to Sri Lanka rose 27.2 per cent to 60,219 in September from a year earlier, helped by surging arrivals from India and China, though British visitors fell, official data showed. In the nine months...

Russia ready in principle to buy Spanish debt

2011-10-11 00:00:00

MOSCOW, Oct 10 (Reuters): Russia is ready in principle to buy Spanish government debt once the euro zone's member states have put in place a strategy to overcome the currency bloc's debt crisis, Arkady Dvorkovich, economic adviser to President Dmitry...

Asian Tiger Capital Partners market update on DSE

2011-10-11 00:00:00

The Benchmark General Index DGEN continued to head south losing almost three-tenths of a percent amidst worsening turnover. Compared to previous day, selling frenzy subsided to a noticeable extent as market is currently in oversold area. Overnight news regarding scheduling...

NBR chief gets one-year job extension

2011-10-11 00:00:00

The National Board of Revenue (NBR) Chairman Dr Nasiruddin Ahmed Monday received one-year extension of his job tenure. Job contract of Dr Nasir, also secretary of the Internal Resources Division (IRD), was scheduled to expire on October 28. A senior...

PROSHIKA secures MRA certification

2011-10-11 00:00:00

Struggling non-government group, PROSHIKA, has obtained certification from the Microcredit Regulatory Authority (MRA) to operate micro credits. Mahbub-ul-Karim, chief executive officer of PROSHIKA, Monday received the certificate from the regulator body. The conflict over the organisation's leadership has thrown it...

GE expands wind turbine business in India

2011-10-11 00:00:00

NEW YORK, Oct 10: General Electric Co. is expanding its wind turbine business in India. The industrial and financial giant said Monday that its Energy Financial Services division will invest $50 million to build wind energy projects in India. The...

Afghan woman MP 'critical' in vote row hunger strike

2011-10-11 00:00:00

KABUL, Oct 9 (AFP): An Afghan woman MP was in a critical condition Sunday, her doctor said, after entering the eighth day of a hunger strike to protest against her expulsion from parliament over alleged vote fraud. Semin Barakzai, one...

Australian military hit by sex assault claim

2011-10-11 00:00:00

SYDNEY, Oct 9 (AFP): A female soldier serving with Australian forces in Afghanistan was allegedly sexually assaulted on a military base, officials said Sunday, just days before the release of a report into defence abuse cases. The soldier, whose rank...

India firm offers wheat at $274.1T in Bangladesh tender

2011-10-11 00:00:00

India's Emmsons International Limited made the lowest offer at $274.1 a tonne, including CIF liner out, in a Bangladesh tender that opened Monday to buy 50,000 tonnes of wheat, a food official said, reports Reuters. Seven bidders took part in...

4 mobile operators apply for 2G licence renewal

2011-10-11 00:00:00

FE Report Four mobile operators have submitted their applications by the stipulated time to the telecom regulatory body for renewal of 2nd Generation (2G) Licence for next 15 years. Grameenphone, Robi and Citycell submitted their applications Monday and another operator...

'Batexpo'11 to attract huge foreign buyers'

2011-10-11 00:00:00

Bangladesh's largest apparel fair Bangladesh Apparel and Textile Exposition (Batexpo), scheduled to be held in December, is expected to attract huge foreign buyers, says the chief coordinator of the event Monday. "It's a reunion for both foreign buyers and local...

CTMS launched in Ctg Port

2011-10-11 00:00:00

Our Correspondent CHITTAGONG, October 10: The CTMS system was launched today with the automation of tracking and management of the containers from two ships arrived from Singapore. Two container ships with 1430 TEUs containers will go through the process at...

Gold rises 1pc after EU banks pledge

2011-10-11 00:00:00

LONDON, Oct 10 (Reuters): Gold rose more than 1 per cent Monday as the dollar fell versus the euro after France and Germany pledged to strike a proposal to recapitalise euro zone banks, while traders remained cautious ahead of further...

Asian Tiger Capital Partners market update on DSE

2011-10-11 00:00:00

The Benchmark General Index DGEN continued to head south losing almost three-tenths of a percent amidst worsening turnover. Compared to previous day, selling frenzy subsided to a noticeable extent as market is currently in oversold area. Overnight news regarding scheduling...