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India and Pakistan both in the UNSC: Will they fight or work together?

2011-10-27 00:00:00

Zaglul Ahmed Chowdhury Two south Asian neighbours - India and Pakistan - are now in the critically important Security Council of the United Nations and this has raised an obvious question - will they fight there also or cooperate in...

Does anybody really care about how things are getting cloudier?

2011-10-27 00:00:00

Shamsher Chowdhury The news that all records have disappeared from the drug office relating to the deaths of children from toxic Paracetamol was not only shocking but absurd. This disappearance of documents from the office of the Director General of...

To compromise or not to compromise country's image

2011-10-27 00:00:00

Why do people clamour against those high-profile persons running the country's foreign affairs? They complain that the suspension of fund by the World Bank on charge of corruption has compromised the image of Bangladesh. So, quite a few heads should...

Resurrection of cricket

2011-10-27 00:00:00

I politely beg to differ with your correspondent S A Mansoor who has expressed his sheer frustration about Bangladesh cricket and has even proclaimed the premature death of our cricket in his write-up (demise of cricket) published in The Financial...

Ad in private TV channels

2011-10-27 00:00:00

There is no denying the fact that advertisements are the main and possibly the only source of revenue earnings of the private TV channels in Bangladesh. Viewers, like it or not, the TV channels have to run advertisements for their...

Health care to bear the brunt of climate change

2011-10-27 00:00:00

B M Sajjad Hossain Day by day climatic changes will be a greater cause for the disruption of the ecosystem's services which support human health and livelihood. Due to economic retreat, for the developing countries, it will be really difficult...

Proper policies and support for the private sector

2011-10-27 00:00:00

AK Mazhar Ali Economic growth is the main expectation and need in the economic realm of Bangladesh. But this growth is also largely desired in the private sector. This is for the simple universal realisation now about the smaller the...

Remittance to rise as 0.5m go abroad this year : Muhith

2011-10-27 00:00:00

Finance Minister AMA Muhith Wednesday expressed his hope that some 0.5 workers would go abroad this year, giving a boost to remittance, reports UNB. "Remittance now accounts for 10 per cent of the gross national income of Bangladesh. So, we're...

RMG assured of uninterrupted gas supply by KGDC

2011-10-27 00:00:00

Our Correspondent CHITTAGONG, Oct 26: Gas distribution authority has assured uninterrupted supply of gas to the readymade garment (RMG) sector facilitating smooth production in the garments. Managing Director (MD) of Karnafuli Gas Distribution Co (KGDC) engineer Sanwar Hussain Chowdhury said...

BIFFL gets licence as country's 31st NBFI

2011-10-27 00:00:00

Siddique Islam The Bangladesh Bank (BB) has issued one more licence in non-banking financial institutions (NBFIs) sector to Bangladesh Infrastructure Finance Fund Limited (BIFFL) to facilitate the country's infrastructural development activities, officials said Wednesday. "The central bank has issued the...

Most Americans favour more equitable distribution of wealth

2011-10-27 00:00:00

Fazle Rashid NEW YORK, Oct 26: Seven in ten Americans think that the Republican policies favour the rich. Two-thirds object to tax cut for corporations and similar number prefer increasing income taxes on millionaires. A deep sense of anxiety and...

WB, IMF concerns hit stocks to dip again

2011-10-27 00:00:00

FE Report Dhaka stocks experienced yet another sharp decline Wednesday, amid street protest as investors sold shares in panic despite repeated assurances of different stakeholders. Market insiders said the market could not come out from the bearish trend despite repeated...

HC rule upon BTRC, govt following GP writ

2011-10-27 00:00:00

FE Report The High Court (HC) Wednesday issued a rule upon the telecom regulator and the government and stayed the imposition of the market competition factor (MCF) on the spectrum obtained by Grameenphone (GP) in 2008 following a writ petition...

148th branch of NBL opens

2011-10-27 00:00:00

The 148th Branch of National Bank Limited has been inaugurated at Patuakhali recently. Md. Badiul Alam, Additional Managing Director of the bank formally inaugurated the branch as chief guest. A discussion meeting was held on the occasion. Md. Badiul Alam...

SEC proposes formation of JIT to probe share mkt manipulation

2011-10-27 00:00:00

Nazmul Ahsan The Securities regulator has proposed to the Ministry of Finance (MoF) to form a Joint Inspection Team (JIT) soon to oversee the malpractice and manipulation in the stock market. The proposed team will comprise representatives from Securities and...

Pioneer Ins to change face value

2011-10-27 00:00:00

The board of directors of Pioneer Insurance has decided to change the denomination of shares from Tk 100.00 to Tk 10.00 each as well as to amend the relevant clauses of the Memorandum and Articles of Association of the company...

Diplomatic efforts to attract more US investment continue

2011-10-27 00:00:00

Nizam Ahmed Bangladesh is continuing its diplomatic efforts to attract more US investment and achieve duty-free access of its ready-made garment (RMG) products to the world's largest economy, the foreign ministry said Wednesday. As a result of continuous initiatives by...

USAID to help implement country's food security plan

2011-10-27 00:00:00

FE Report United States Agency for International Development (USAID) will assist the country's food security investment plan and research on agriculture in Bangladesh, officials said. The assurance of USAID came Wednesday at a meeting between the Food and Disaster Management...

ICC report asks regulators, G20 to unlock trade

2011-10-27 00:00:00

The rules set by bank regulators impose unwarranted capital requirements that choke trade and have adverse impacts on growth, said a statement from Beijing Wednesday. A new report issued today by the International Chamber of Commerce (ICC) shows that trade...

Huawei to start open market sales in country

2011-10-27 00:00:00

Md Jamal Uddin A leading global technology provider Huawei will foray in the country's open market with its own products side by side with existing operator channel business. Currently, the company is giving technology support for network building to the...

Massive plan to install 18,750 solar irrigation pumps by 2016

2011-10-27 00:00:00

M Azizur Rahman The government has chalked out a massive plan to install several thousand solar irrigation pumps to generate around 150 megawatts (mw) of electricity within the next five years as part of its move to bolster clean energy's...

News Briefing

2011-10-27 00:00:00

German trade fair kicks off in city today A three-day German trade show will begin at Bangabandhu International Conference Centre in the city today (Thursday) to showcase products of Germany and Bangladesh. The second biennial fair will have 100 stalls...

EU to take steps to restore mkt confidence in tackling debt crisis, hopes China

2011-10-27 00:00:00

BEIJING, Oct 26 (Reuters): China hopes the European Union takes effective measures to restore market confidence in tackling its debt crisis, the foreign ministry said Wednesday, while also again defending the yuan's exchange rate. Leaders of the 17 European countries...

Lone Star set to quit Japan golf business

2011-10-27 00:00:00

TOKYO, Oct 26 (Reuters): US private equity firm Lone Star will sell its entire stake in PGM Holdings, one of Japan's largest golf course operators, for 39.5 billion yen ($521 million) as it seeks to exit one of its largest...

Investors sentiment remains low in Dubai amid global economic uncertainty

2011-10-27 00:00:00

DUBAI, Oct 26 (Xinhua): The Sheikhdom Dubai, which is considered the business hub of the Gulf state United Arab Emirates (UAE) and of the Gulf Arab region, increasingly feels the heat of global and local uncertainty, driven by the Euro...

India plans industrial corridor bigger than Japan

2011-10-27 00:00:00

DHOLERA, (India), Oct 26 (Reuters): Chotubhai Raghani's fields in a dry, salty strip of Indian coastline on the Arabian Sea never yielded much wheat but he feels like a lucky man now he's started selling them at a juicy markup....

Imax eyes big screen profits from China

2011-10-27 00:00:00

SHANGHAI, Oct 26 (Reuters): Giant movie screen maker Imax Corp expects the number of Imax screens in China to more than double in the next two to three years as disposable incomes rise and more Chinese movies are made for...

Asian Tiger Capital Partners market update on DSE

2011-10-27 00:00:00

The Benchmark General Index DGEN ended in the red registering a fall of c. 2.6%, in a reversal of the modest recovery of the previous day. Turnover stood at BDT 343 Crore. The market dip is indicative of investors remaining...

Middlemen destabilising sugar markets, say refiners

2011-10-27 00:00:00

Syful Islam Middlemen are active in destabilising the sugar market through transferring supply order (SO), the system which replaced the much talked about delivery order (DO) for commodities' trading, refiners alleged. Sugar refiners have recently complained to the commerce minister...

Biman's Manchester flight to resume in Nov

2011-10-27 00:00:00

FE Report Biman Bangladesh Airlines will resume its flight operation to Manchester in the United Kingdom from coming November with its newly purchased Boeing aircraft --- Palki, its managing director said. Biman's Managing Director (MD) Muhammad Zakiul Islam made the...