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DGEN sheds 194.40 points

2011-10-10 00:00:00

FE Report Dhaka stocks witnessed another sharp fall Sunday and the DGEN fell more than three per cent, as frustrated investors sold off their shares fearing further fall of prices. Market insiders said the index plunged, as worried investors sold...

Separate directorate for children demanded

2011-10-10 00:00:00

FE Report Hundreds of disadvantaged children Sunday demanded separate directorate and a national commission for children under the women and children affairs ministry with their access which will deal with their problems. They called for conducting more awareness campaigns for...

GP employees threaten work abstention

2011-10-10 00:00:00

FE Report Grameenphone (GP) Employees Union, a proposed association of the GP employees Sunday declared that if their seven-point charter of demands was not met immediately then they would start work abstention from today (Monday). The declaration was made in...

EU opposes death penalty in B'desh

2011-10-10 00:00:00

FE Report Heads of European Union (EU) missions in Bangladesh Sunday opposed the use of death penalty in the UN member countries and called upon Bangladesh to take action to implement the UN Resolution on it. "The European Union reaffirms...

6 Hizbut Tawhid men arrested

2011-10-10 00:00:00

RAJSHAHI, Oct 9 (UNB): Six suspected activists of outlawed Hizbut Tawhid, including a septuagenarian, were arrested from Motihar area in the city Sunday. On secret information, a RAB team raided the house of Sujan Mia in the morning when 12...

JS body recommends reclaiming BR lands

2011-10-10 00:00:00

The parliamentary standing committee on the Ministry of Communications has recommended taking necessary steps to reclaim the lands of Bangladesh Railway (BR) from their illegal occupants within a month and lease those by the following month. The recommendation came from...

No AL choice yet on NCC polls candidate

2011-10-10 00:00:00

Despite holding separate meetings with two candidates, Shamim Osman and Selina Hayat Ivy, the ruling Awami League (AL) on Sunday could not decide to whom it would actually extend its support for contesting the upcoming Narayanganj City Corporation (NCC) election....

Govt for welfare of disabled children

2011-10-10 00:00:00

Social Welfare Minister Enamul Haque Mostafa Shahid said the government is committed to ensure welfare of the disabled children. The social welfare minister said this at the concluding session of 'World Children Day-2011' organised by Bangladesh Shishu Kallyan Parishad' in...

Dhaka-Moscow deal on fisheries during Hasina's visit

2011-10-10 00:00:00

Syful Islam Dhaka has initiated a move to sign a pact with Moscow aiming to export white fish alongside raising shrimp exports during Prime Minister Sheikh Hasina's Russia visit next month, officials said Sunday. "We want to start white fish...

SME Tech Fair 2011 starts in city

2011-10-10 00:00:00

FE Report Bangladesh is a potential place for investment and Indian entrepreneurs can avail of the facilities presently offered by the government, said Prime Minister's Economic Affairs Adviser Dr Mashiur Rahman Sunday. "Indian entrepreneurs can invest in small and medium...

RANGS special offer for new car

2011-10-10 00:00:00

RANGS Limited, the sole distributor of Mitsubishi Motors in Bangladesh in association with HSBC Bank has made a special offer for its buyers. The buyers can now get their cars at a monthly installment of only Tk 32,940. This offer...

India has more rich households than most European nations

2011-10-10 00:00:00

NEW DELHI, Oct 9 (Economic Times): India, the world's second most-populous country, has more wealthy households than most European countries, including Germany and France. The country, with 3 million affluent households, is fast emerging as a serious centre of affluence...

BTRC, GP sit today to resolve standoff over audit report

2011-10-10 00:00:00

FE Report Telecom regulator and Grameenphone (GP) will sit today (Monday) in an apparent attempt to end a row over the non-payment of dues by the cellphone company. The meeting is being convened after the demand of Bangladesh Telecommunications Regulatory...

Anwaruddin elected CAPA Director

2011-10-10 00:00:00

Anwaruddin Chowdhury, Representative of the Institute of Chartered Accountants of Bangladesh (ICAB), has been elected as a Director of the Confederation of Asian and Pacific Accountants (CAPA) Board for a four year term 2011-15, at the CAPA Assembly of Delegates...

Swiss officials convene bank crisis committee

2011-10-10 00:00:00

ZURICH, Oct 9 (Reuters): The Swiss authorities have convened a crisis committee set up after the 2008 government bailout of UBS to discuss the possible impact on the big banks of the euro zone debt crisis, the NZZ am Sonntag...

Saudi central bank 'not worried' about inflation

2011-10-10 00:00:00

JEDDAH, OCT 9: Saudi Arabia's inflation levels are not worrying and will continue to decline, the country's central bank governor Muhammad Al-Jasser said on Saturday. "Inflation levels are not worrying. Inflation has become stable since the beginning of the year...

Indian luxury market touches $5.8b

2011-10-10 00:00:00

NEW DELHI, Oct 9: The Indian luxury market, which is estimated to have touched around $5.8 billion (nearly Rs 28,500 crore), is spreading beyond the metros as adoption of global trends is fast catching up in smaller cities, where many...

No AL choice yet on NCC polls candidate

2011-10-10 00:00:00

Despite holding separate meetings with two candidates, Shamim Osman and Selina Hayat Ivy, the ruling Awami League (AL) on Sunday could not decide to whom it would actually extend its support for contesting the upcoming Narayanganj City Corporation (NCC) election....

Govt for welfare of disabled children

2011-10-10 00:00:00

Social Welfare Minister Enamul Haque Mostafa Shahid said the government is committed to ensure welfare of the disabled children. The social welfare minister said this at the concluding session of 'World Children Day-2011' organised by Bangladesh Shishu Kallyan Parishad' in...

Chinese exporters hurting as EU crisis deepens

2011-10-10 00:00:00

BEIJING, Oct 9 (AFP): Wu Wenlong, a belt maker in China, has seen European orders slump 50 per cent as the region's debt crisis hits demand for Chinese exports and threatens to tip major economies back into recession. While Zhejiang...

Asian economic powers look to boost cooperation

2011-10-10 00:00:00

KUWAIT CITY, Oct 9 (AFP): Asia's economic powers, including major oil producers and consumers, are to meet in Kuwait today (Monday) to discuss how to protect their nations against global crises. Foreign ministers of the 31-member Asia Cooperation Dialogue (ACD),...

Asian Tiger Capital Partners market update on DSE

2011-10-10 00:00:00

The Benchmark General Index DGEN shred more than three percent on the first trading day of the week. News in some daily newspaper where Finance Minister was quoted saying that the government has nothing to do with the country's stock...

OPEC likely to keep oil output unchanged: Iran

2011-10-10 00:00:00

TEHRAN, Oct 9 (AFP): OPEC is likely to keep its oil production quotas unchanged at its next meeting in December, Iran's representative to the cartel said, according to the oil ministry website. "Oil producers and oil consumers are satisfied with...

British Airways offers luxury air service

2011-10-10 00:00:00

NEW DELHI, Oct 9 (Economic Times): Close on the heels of launching its biggest ad campaign coinciding with a five billion pound investment programme, British Airways would soon introduce luxurious new first class flights on several major global routes. While...

Dow Chemical, Aramco sign plant deal

2011-10-10 00:00:00

NEW YORK, Oct 9 (AFP): Saudi state oil giant Aramco and US firm Dow Chemical signed a deal Saturday to build a massive chemical plant in the eastern Saudi port city of Jubail, a joint statement said. The signing follows...

Swiss officials convene bank crisis committee

2011-10-10 00:00:00

ZURICH, Oct 9 (Reuters): The Swiss authorities have convened a crisis committee set up after the 2008 government bailout of UBS to discuss the possible impact on the big banks of the euro zone debt crisis, the NZZ am Sonntag...

Saudi central bank 'not worried' about inflation

2011-10-10 00:00:00

JEDDAH, OCT 9: Saudi Arabia's inflation levels are not worrying and will continue to decline, the country's central bank governor Muhammad Al-Jasser said on Saturday. "Inflation levels are not worrying. Inflation has become stable since the beginning of the year...

Indian luxury market touches $5.8b

2011-10-10 00:00:00

NEW DELHI, Oct 9: The Indian luxury market, which is estimated to have touched around $5.8 billion (nearly Rs 28,500 crore), is spreading beyond the metros as adoption of global trends is fast catching up in smaller cities, where many...

No AL choice yet on NCC polls candidate

2011-10-10 00:00:00

Despite holding separate meetings with two candidates, Shamim Osman and Selina Hayat Ivy, the ruling Awami League (AL) on Sunday could not decide to whom it would actually extend its support for contesting the upcoming Narayanganj City Corporation (NCC) election....

Govt for welfare of disabled children

2011-10-10 00:00:00

Social Welfare Minister Enamul Haque Mostafa Shahid said the government is committed to ensure welfare of the disabled children. The social welfare minister said this at the concluding session of 'World Children Day-2011' organised by Bangladesh Shishu Kallyan Parishad' in...