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Free fall on DSE again, DGEN hits nearly 22-month low

2011-10-31 00:00:00

FE Report Dhaka stocks witnessed yet another steep fall Sunday, the first day of the week, and DGEN came down to nearly 22-month low, as the investors went for panic sale amid streets protest. Market insiders said the investors went...

Bonus shares

2011-10-31 00:00:00

credited ICB: The authorities of Investment Corporation of Bangladesh (ICB) have stated that they have credited the bonus shares to the respective shareholders' BO Accounts. Tallu Spinning to hold board meet As per Regulation 30 of DSE Listing Regulations, a...

DSE news in brief

2011-10-31 00:00:00

Olympic Industries: The board of directors of Olympic Industries has recommended 10 per cent cash dividend (Tk 10.00 per share of Tk 100.00 each) and 50 per cent stock dividend for the year that ended on June 30, 2011. The...

Harsh coastal weather conditions Airtel launches innovative telco system

2011-10-31 00:00:00

FE Report Bharti Airtel Saturday announced the launch of a unique telecommunications based digital system that is designed to deliver vessel weather alerts and vessel tracking capabilities specifically for the fishermen community residing in Bangladesh's coastal areas. In an event...

Cos recommend cash stock dividends

2011-10-31 00:00:00

Fine Foods: The board of directors of Fine Foods Limited has recommended 10 per cent stock dividend for the year that ended on June 30, 2011. The AGM of the company will be held on December 23, 2011. The record...

Women entrepreneurs in Jessore receive loan from BB Governor

2011-10-31 00:00:00

FE Report Jessore branch of Shahjalal Islami Bank Limited (SJIBL) organized a Women Entrepreneurs Conference and day-long handicraft exhibition at Jessore Municipal Community Centre Saturday. Bangladesh Bank Governor Dr. Atiur Rahman was present as the chief guest. Presided over by...

News Briefing

2011-10-31 00:00:00

SHANGHAI, Oct 30 : WPP Llc , the world's largest advertising company, sees China overtaking Britain as its second biggest market in two to four years, its chief executive said on Sunday. The company, which last week cut its 2011...

RMG owners assure workers

2011-10-31 00:00:00

FE Report The garment manufacturers have assured the workers again that their monthly wages, festival allowances and other financial benefits will be cleared before the upcoming Eid-ul-Azha to ensure smooth celebration of the festival. They also sought all-out cooperation from...

BGCCI president tells FE

2011-10-31 00:00:00

Sonia H Moni The export from Bangladesh to Germany could reach 3.5 billion euro by the end of this year from 2.4 billion euro last year, the Bangladesh German Chamber of Commerce and Industry (BGCCI) president has said. "The growth...

Air traffic on Dhaka-Dubai route rising: Emirates

2011-10-31 00:00:00

FE Report Passengers flying on the Dhaka-Dubai route have increased substantially and the number is on the rise, a senior Emirates official said Sunday. But Satish Sethi, Area Manager at the Gulf carrier, did not disclose the figure of air...

Re-rollers seek 'review' of transit decision

2011-10-31 00:00:00

FE Report Auto re-rollers and steel millers Sunday urged the government not to allow India to use Ashuganj river port for transit to ferry goods from India's mainland to its Eastern part including seven sisters. Bangladesh Auto Re-Rolling and Steel...

Portugal, Spain urge G20 members to help ease crisis

2011-10-31 00:00:00

ASUNCION, Oct 30 (Reuters): Spain and Portugal said Saturday the euro zone's debt crisis is a global problem, calling on the United States and other G20 powers to help contain the fallout. Spanish Prime Minister Jose Luis Rodriguez Zapatero urged...

S Korean antitrust agency fines LCD makers $175m

2011-10-31 00:00:00

SEOUL, Oct 30 (AFP): Seoul's antitrust agency said Sunday it had fined 10 of the world's leading flat panel makers in South Korea and Taiwan a total of 194 billion won ($175 million) for price fixing. Firms including Samsung Electronics...

EU rescue fund gets top rating hat trick boost

2011-10-31 00:00:00

BRUSSELS, Oct 30 (AFP): The eurozone's rescue fund said Saturday that triple-As from all three rating agencies should encourage investors to back the bloc's strategy but warned it could take three years to resolve the debt crisis. The across-the-board AAA...

Asian Tiger Capital Partners market update on DSE

2011-10-31 00:00:00

The Benchmark General Index DGEN continued its downtrend, plummeting more than 4.0 per cent on the first trading day of the week. The velocity of the sell off suggested possibility of forced selling as DGEN ended below 5080 points, which...

Stranded Qantas passengers await labour ruling

2011-10-31 00:00:00

SYDNEY, Oct 30 (Reuters): Tens of thousands of stranded Qantas Airways passengers are pinning their hopes on a government-appointed tribunal Sunday ordering an end to the industrial action that grounded the Australian national carrier's entire fleet. Qantas said Sunday it...

Thrust on promoting potato as alternative food

2011-10-31 00:00:00

FE Report Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has emphasised the need for promoting potato as an alternative food item parallel to rice to help farmers as well as the businesses. FBCCI leaders Sunday said, potato farmers...

S Arabia, Indian firms offer over 1m tonnes of fuel

2011-10-31 00:00:00

SINGAPORE, Oct 30 (Gulfnews): An unprecedented one million tonnes of November-loading fuel oil have been sold or offered in less than two weeks, mostly by refiners based in Saudi Arabia and India that are cashing in on a strong East...

Protest against staggering of gas supply

2011-10-31 00:00:00

Our Correspondent CHITTAGONG, Oct 30: In protest of the authority's holiday staggering of gas the aggrieved millers of Chittagong along with their employees and officials will now stage demonstrations through forming human chains in front of each re-rolling mill in...

B'desh cuts H2 fuel oil import estimate

2011-10-31 00:00:00

Bangladesh will import up to 540,000 tonnes of fuel oil in the second half of this year, down from an earlier estimate of 700,000 tonnes, due to delays in power plant projects, a senior official at Bangladesh Petroleum Corporation (BPC)...

Businesses want improvement in law and order situation

2011-10-31 00:00:00

FE Report The government should improve law and order for the sake of country's business and economy, said businessmen at a seminar Sunday in the capital. Disagreeing with the businessmen's contention, the Home Minister Advocate Shahara Khatun said that the...

ILO warns of rising social unrest in eurozone

2011-10-31 00:00:00

BERLIN, Oct 30 (AFP): The eurozone debt crisis could lead to a decade-long recession and rising social unrest, the International Labour Organisation (ILO) has warned, according to a German media report Sunday. "The next few months will be decisive in...

KFAED signs $48m loan deal for Lebukhali bridge today

2011-10-31 00:00:00

The Kuwait Fund for Arab Economic Development (KFAED) will provide Kuwaiti Diner of 14 million or approximately US$ 48 million to Bangladesh for the construction of Lebukhali bridge on Barisal-Patuakhali road, reports UNB. A loan agreement to this effect between...

Nepal to start online foreign job permit

2011-10-31 00:00:00

KATHMANDU, Oct 30 (Xinhua): Ministry of Labor and Transport Management is starting online foreign job permit process in Nepal from December as a drive to control bribes in Department of Foreign Employment, local media reported today. According to The Himalayan...

1,227 farmers open accounts, says BB governor in Khulna

2011-10-31 00:00:00

Our Correspondent KHULNA, Oct 30: About 1.227 million farmers have opened bank accounts by depositing Tk 10 and at present the deposited money stands at Tk 26.5 million, said the Governor of Bangladesh Bank Dr. Atiur Rahman while he was...

Lalpur press club election held

2011-10-31 00:00:00

Our Correspondent NATORE, Oct 30: The biennial election of Lalpur thana Central Press Club was held on October 28. The newly elected office bearers are President Advocate Mukter Hossain (Prothom Alo), Vice-President Assistant Prof. Shahidul Islam (SamokalKaratoa), General Secretary A.K.Azad...

Lalpur press club election held

2011-10-31 00:00:00

Our Correspondent NATORE, Oct 30: The biennial election of Lalpur thana Central Press Club was held on October 28. The newly elected office bearers are President Advocate Mukter Hossain (Prothom Alo), Vice-President Assistant Prof. Shahidul Islam (SamokalKaratoa), General Secretary A.K.Azad...

Internet gains popularity among rural people in Gaibandha

2011-10-31 00:00:00

GAIBANDHA, Oct 30 (BSS): "I did not understand the internet and could not see it earlier. Now, we go to UP chairman office and give fertilizer on the agro land by taking suggestion from the internet to get desired production",...

Preparations for JSC, JDC exams complete in Narsingdi

2011-10-31 00:00:00

A Correspondent: NARSINGDI Oct 30: The District Administration has completed all necessary preparations for holding the second junior secondary certificate (JSC) examinations and secondary Dakhil (JDC) examinations beginning from November 1 in a free fair and peaceful manner in the...

Extensive winter vegetable farming geared up in Rangpur

2011-10-31 00:00:00

Our Correspondent RANGPUR, Oct 30: The farmers of eight districts under Rangpur division have geared up winter vegetables farming across the region during the current season. According to the sources of Department of Agriculture Extension (DAE) Rangpur, a total 35,215...