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Pakistan textile exports surge 10.34pc in Q1

2011-10-22 00:00:00

ISLAMABAD, Oct 21 (APP): Pakistan's textile exports surged by 10.34 per cent during the first quarter of the current fiscal year, as compared to the corresponding period of last year. Textile exports during July-September (2011-12) were recorded at $3.191 billion...

FDI in Indonesia rises 15pc in three months

2011-10-22 00:00:00

JAKARTA, Oct 21 (Bloomberg): Indonesia's foreign and domestic investments increased last quarter as companies from Singapore and the US boosted spending. Investment rose 15.3 per cent to 65.4 trillion rupiah (S$9.4 billion) in the three months ended Sept 30 from...

India's Axis Bank opens branch in Colombo

2011-10-22 00:00:00

COLOMBO, Oct 21 (LBO): India's Axis Bank has opened a branch in Sri Lanka's capital Colombo eying the island's growing trade and domestic financing business, the lender said. "The bank's Sri Lanka business will focus on opportunities arising in small...

S'pore F&B firms eyeing business scope in KSA

2011-10-22 00:00:00

SINGAPORE, Oct 21 (Singapore Times): Singapore food and beverage (F&B) companies are heading to Saudi Arabia to explore business opportunities. From today till October 27 eight local companies from food manufacturing and logistics sectors will head down to Jeddah and...

World hails Gaddafi death as end of tyranny

2011-10-22 00:00:00

WASHINGTON, Oct 21 (AFP): World leaders hailed the death of former Libyan leader Moamer Gaddafi as the end of an era of violence and tyranny, and held out hope for a better future for the North African nation. As Libyans...

US boosts pressure on Pakistan over terrorism

2011-10-22 00:00:00

ISLAMABAD, Oct 21 (AP): The Obama administration Friday intensified pressure on Pakistan to do more to crack down on Islamist militants destabilising Afghanistan, as US Secretary of State Hillary Rodham Clinton delivered a tough public message that extremists have been...

DSE ends a volatile week with ray of lightDecision of banks' higher participation makes investors buoyant

2011-10-22 00:00:00

FE ReportThe Dhaka Stock Exchange (DSE) came out of its losing streak Thursday, the last trading day of the week, as optimism grew among traders following the news that banks would increase their stock market investment from the next week....

ICB AMCL discloses NAV of two unit funds

2011-10-22 00:00:00

ICB Asset Management Company Limited (ICB AMCL), a subsidiary of Investment Corporation of Bangladesh disclosed net asset value (NAV) of two unit funds Thursday, said press releases. The funds are- ICB AMCL Pension Holders' Unit Fund and ICB AMCL Unit...

Cos to change denomination of shares

2011-10-22 00:00:00

Monno Jute Stafflers: The board of directors of Monno Jute Stafflers has decided to change the denomination of shares from Tk 100.00 to Tk 10.00 each and market lot from 5 to 100 shares as well as to amend the...

IBBL holds clients' get-together

2011-10-22 00:00:00

Islami Bank Bangladesh Limited (IBBL), Dhaka Central Zone organised a clients' get-together on Awareness of Shariah Compliance in the city recently, said a press release. Managing Director of the bank Mohammad Abdul Mannan was present at the programme as the...

Listen to the movement across the border

2011-10-22 00:00:00

Why is it that no 'intellectual' here is willing to educate himherself concerning the suicidal impacts of atomic energy on all life? The apathetic public should be woken up to understand the dangers that our own government would be bringing...

Medial service with a difference

2011-10-22 00:00:00

Nilratan HalderDoctors at the Bangabandhu Sheikh Mujib Medical University (BSMMU) hospital have started practising - albeit in a small way - what the father of Western medicine Hyppocrates preached through the oath, named after him, medical professionals are required to...

Boosting BD's economic growth performance

2011-10-22 00:00:00

M Azizur RahmanRate of industrialisation, urbanisation and economic growth in Bangladesh have so far been relatively good compared to the situation in its neighbouring member-countries of the South Asian Association for Regional Cooperation (SAARC). Political stability, improved industrial infrastructure and...

Hijras' rights need to be protected

2011-10-22 00:00:00

Nazia Ansar KhanHijras are located at the extreme margin of exclusion having no sociopolitical space where they can lead the life of a human being with dignity. Their deprivations are grounded in non-recognition as a separate gendered human being beyond...

Diagnosing the monetary policy

2011-10-22 00:00:00

Nahida Sultana and A Z M SalehThe monetary policy by the Bangladesh Bank is tailored to maintaining reasonable price level. It also regulates the cost and availability of domestic credits to the priority sector and at the same time it...

Achieving desired economic growth

2011-10-22 00:00:00

Ahmed Showkat MasudAchieving desired economic growth is not an easy task for the government when the country's economy has been witnessing a high inflationary pressure as well as the global economy has been presenting a gloomy picture. Ongoing global economic...

Of Messi and rejuvenation of our football

2011-10-22 00:00:00

Md Mahfuzur Rahman SiddiqueTuesday, the 6th September, 2011 marked the advent of a very significant moment in the long history of football in Bangladesh. On this day the much awaited football match Argentina vs Nigeria was played in the almost...

Mushfiq keeps Tigers on track

2011-10-22 00:00:00

CHITTAGONG, Oct 21 (UNB): Mushfiqur Rahim's captain knock kept Bangladesh on track when the hosts scored 255 for 4 in 91 overs against West Indies at stumps on first day of the first Test of Walton two-match Test Series at...

City, United ready for Manchester 'clasico'

2011-10-22 00:00:00

LONDON, Oct 21 (AFP): Manchester may not yet be, as a local newspaper columnist recently declared, "the football capital of the world." But for 90 minutes at Old Trafford Sunday, it will certainly feel like it. A global audience of...

Pakistan strike even as Sangakkara resists

2011-10-22 00:00:00

ABU DHABI, Oct 21 (Cricinfo): Pakistan made up for their fielding lapses in the morning with three strikes after lunch leaving Kumar Sangakkara's century as the only positive for Sri Lanka, and his continued presence their only hope of somehow...

Youth HockeyDhaka reach final

2011-10-22 00:00:00

Dhaka DSA moved into the final of the Southeast Bank 22nd National Youth Hockey Championship crushing Chittagong DSA by 4-0 goal in the first semi-final at the Maulana Bhashani National Hockey Stadium in the city Friday, reports UNB. Rajon put...

3rd seed Bartoli takes winning start at Moscow

2011-10-22 00:00:00

MOSCOW, Oct 21 (AFP): Frenchwoman Marion Bartoli, third seed at the 1.5-million-dollar joint ATPWTA Kremlin Cup tournament, advanced into the last eight with a straight-set win over Russia's Ksenia Pervak here Thursday. The 27-year-old Bartoli, who needs to win the...

Draft jute policy could be placed soon for cabinet approval

2011-10-22 00:00:00

Talha Bin Habib The new Jute Policy-2011 is likely to be placed before the Cabinet soon for its approval, officials said. "We are going to place the draft jute policy before the Cabinet at the earliest after addressing two queries...

EU considers wielding $1.3T to break debt impasse

2011-10-22 00:00:00

BRUSSELS, Oct 21 (Bloomberg): European governments may unleash as much as 940 billion euros ($1.3 trillion) to fight the debt crisis, seeking to break a deadlock between Germany and France that is forcing leaders to hold two summits within four...

Power Tube plans to build two assembling plants in BD

2011-10-22 00:00:00

FE ReportPower Tube International has recently signed a joint venture partnership with Kuldip Singh, CEO of Power Tube Bangladesh, to provide pollution-free electrical energy across the Indian sub-continent, using local renewable resources. Mr Singh was selected for this joint venture...

weekly currency round upOctober 16 to 20, 2011Standard Chartered Bank

2011-10-22 00:00:00

The local call money market rates hovered around 8.25 per cent-15 per cent. The market liquidity remained similar throughout the past week, according to a press release. The inter-bank rates of US dollar Bangladesh taka stood similar in range during...

Govt blames WB for putting Padma Bridge project tender on hold

2011-10-21 00:00:00

FE ReportThe government has blamed the World Bank for putting the Padma Bridge project tender process on hold, saying there is no valid ground on suspension of its funding, considering the record of transparency, honesty and pace of the works...

Gaddafi killed, Sirte falls to NTC

2011-10-21 00:00:00

SIRTE, Oct 20 (AFP): Toppled dictator Moamer Gaddafi was killed Thursday in a final assault by new regime forces on the last pocket of resistance in his hometown Sirte, sparking wild joy and celebratory gunfire across Libya. "We announce to...

Malaysia offers assistance for Padma Bridge

2011-10-21 00:00:00

Malaysia has offered the government to provide assistance for the much-talked-about Padma Multipurpose Bridge Project on easy terms, reports UNB. The preliminary offer came from the visiting Special Envoy of the Malaysian government, Dato Sri S Samy Vellu when he...

Bangladesh demoted in keyWB Doing Business gauge

2011-10-21 00:00:00

FE ReportBangladesh has been downgraded by four notches in a key World Bank annual "Doing Business" gauge as acute power crisis has weighed heavily on the country's overall investment and business climate. The development lender placed Bangladesh at 122 among...