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B'desh embassy 'Open House' event draws visitors

2011-05-17 00:00:00

A day-long Embassy Open House programme of Bangladesh Embassy in Washington DC drew a large number of visitors from all over the United States (US) and tourists from other countries, reports UNB. The programme was organised in coordination with Cultural...

Handicrafts export fall might render many workers jobless

2011-05-17 00:00:00

Badrul AhsanThe prevailing declining trend in export of Bangladeshi handicrafts might lead to closure of numerous handicrafts units and leave a substantial number of underprivileged female workers unemployed, industry insiders said. The country's export earning against handicrafts has been significantly...

PCBs, FCBs asked to disburse 2.5pc of total loan to agri sector

2011-05-17 00:00:00

FE Report The central bank has asked all private commercial banks (PCBs) and foreign commercial banks (FCBs) to fix agriculture credit disbursement target at least at 2.5 per cent of their total loans from the next fiscal year. "We've taken...

Tata among Indian telcos implicated in spectrum scandal *****

2011-05-17 00:00:00

The latest twist in India's well-publicised 2G spectrum scam case has revealed damning evidence against a clutch of Indian telecommunication companies, one of whom is looking to work with Bangladeshi companies in setting up the International Terrestrial Cable (ITC) system...

BPO's money transfer becoming popular

2011-05-17 00:00:00

Md Mazadul HoqueBangladesh Post Office's electronic money transfer has got momentum as people are increasingly relying on it for its secure and faster service, an official said. BPO introduced Electronic Money Transfer System (EMTS) via cell phones in May last...

Wimax subscribers reach 0.1m*****

2011-05-17 00:00:00

FE ReportSubscribers of internet service provider Wimax Company Banglalion has reached 0.1m since one year of its inception. The company started its commercial operation in May 2010 after getting licence in 2008. Chairman of Banglalion Major (Retd) Abdul Mannan disclosed...

Banglalink top boss named as Orascom CEO ****

2011-05-17 00:00:00

Egyptian Orascom Telecom Holdi named Monday Ahmed Abou Doma as its Chief Executive Officer (CEO). The Board of Directors of the company approved the appointment at a meeting. Since January 2009, Abou Doma, a long time member of the group,...

FDI, loans worth $85m okayed

2011-05-17 00:00:00

Five investment proposals totaling US$85.85 million were approved Monday by the 54th meeting of the Scrutiny Committee on Private Sector Investment under foreign loanssuppliers credits. Chaired by Bangladesh Bank (BB) Governor Dr Atiur Rahman, the meeting was also attended by...

Lafarge on spot trading

2011-05-17 00:00:00

Trading of the shares of Lafarge Surma Cement Ltd will be allowed only in the spot market and blockodd lot transactions will also be settled as per spot settlement cycle from tomorrow (Wednesday) to May 30. Trading of the shares...

Abducted college student rescued after 2 days

2011-05-17 00:00:00

KHULNA, May 16 (UNB): A college student and son of a Saudi expatriate abducted for ransom was rescued by RAB after two days from a house in Chanmari area in the city today. Ekramul Sheikh Prince, a first year student...

weather

2011-05-17 00:00:00

Rain or thundershowers accompanied by temporary gusty or squally wind is likely at one or two places over Dhaka, Rajshahi, Rangpur, Khulna, Barisal, Chittagong and Sylhet divisions with moderately heavy falls at places in next 24 hours till 6.0 pm...

UNWTO to provide all possible support for tourism

2011-05-17 00:00:00

The United Nations World Tourism Organisation (UNWTO) will provide all possible support for flourishing tourism in Bangladesh as the country can use tourism as one of its major tools to cut poverty, reports BSS. "UNWTO secretary-general assured me that his...

Increase of tax on tobacco demanded*****

2011-05-17 00:00:00

Leaders of different social and environmental organisations Sunday demanded increase of tax on bidi, cigarette and all tobacco products in the upcoming budget for protecting public health and saving lives from their harmful effects, reports BSS. Tobacco and tobacco products...

B'desh embassy 'Open House' event draws visitors

2011-05-17 00:00:00

A day-long Embassy Open House programme of Bangladesh Embassy in Washington DC drew a large number of visitors from all over the United States (US) and tourists from other countries, reports UNB. The programme was organised in coordination with Cultural...

Japan consumer confidence dives at record pace****

2011-05-17 00:00:00

TOKYO, May 16 (AFP): Japanese consumer confidence fell at the fastest pace on record in April from the previous month, data showed Monday, after March's earthquake, tsunami and a nuclear crisis cast a shadow on the economy. The data showed...

Lanka Hospitals March net up 81pc

2011-05-17 00:00:00

COLOMBO, May 16 (LBO): Lanka Hospitals, formerly part of the Indian Apollo chain and now par-owned by India's Fortis group, said March 2011 quarter net profit rose 81 per cent to 65.2 million rupees from a year ago. The Lanka...

China's 2011 trade surplus may drop to $100b

2011-05-17 00:00:00

BEIJING, May 16 (Xinhua): China's trade surplus may drop to around 100 billion US dollars in 2011, the China Securities Journal quoted a central bank advisor as saying in a Monday report. Li Daokui, a member of the monetary policy...

Nakheel offers rent-free periods to entice tenants***

2011-05-17 00:00:00

DUBAI, May 16 (Arabian Business.com): Nakheel, the Dubai developer restructuring $10.8 billion in debt, is offering up to two months rent-free in units in lower-priced developments in a bid to attract tenants. The government-owned company is offering new tenants free...

Asian Tiger Capital Partners market update on DSE

2011-05-17 00:00:00

The Benchmark General Index DGEN ended flat on a choppy trading day to end with a slight gain of 0.05%. Banking sector acted as the savior for the market as positive movement in this sector saved the Index from ending...

S Korea's trade terms worsen in Q1

2011-05-17 00:00:00

SEOUL, May 16 (Xinhua): South Korea's trade terms worsened in the first quarter as import price growth outpaced export price rise, the central bank said Monday. Net terms-of-trade index for goods, calculated by dividing per-unit export price index by per-unit...

FDI, loans worth $85m okayed

2011-05-17 00:00:00

Five investment proposals totaling US$85.85 million were approved Monday by the 54th meeting of the Scrutiny Committee on Private Sector Investment under foreign loanssuppliers credits. Chaired by Bangladesh Bank (BB) Governor Dr Atiur Rahman, the meeting was also attended by...

Lafarge on spot trading

2011-05-17 00:00:00

Trading of the shares of Lafarge Surma Cement Ltd will be allowed only in the spot market and blockodd lot transactions will also be settled as per spot settlement cycle from tomorrow (Wednesday) to May 30. Trading of the shares...

Abducted college student rescued after 2 days

2011-05-17 00:00:00

KHULNA, May 16 (UNB): A college student and son of a Saudi expatriate abducted for ransom was rescued by RAB after two days from a house in Chanmari area in the city today. Ekramul Sheikh Prince, a first year student...

weather

2011-05-17 00:00:00

Rain or thundershowers accompanied by temporary gusty or squally wind is likely at one or two places over Dhaka, Rajshahi, Rangpur, Khulna, Barisal, Chittagong and Sylhet divisions with moderately heavy falls at places in next 24 hours till 6.0 pm...

UNWTO to provide all possible support for tourism

2011-05-17 00:00:00

The United Nations World Tourism Organisation (UNWTO) will provide all possible support for flourishing tourism in Bangladesh as the country can use tourism as one of its major tools to cut poverty, reports BSS. "UNWTO secretary-general assured me that his...

Increase of tax on tobacco demanded*****

2011-05-17 00:00:00

Leaders of different social and environmental organisations Sunday demanded increase of tax on bidi, cigarette and all tobacco products in the upcoming budget for protecting public health and saving lives from their harmful effects, reports BSS. Tobacco and tobacco products...

B'desh embassy 'Open House' event draws visitors

2011-05-17 00:00:00

A day-long Embassy Open House programme of Bangladesh Embassy in Washington DC drew a large number of visitors from all over the United States (US) and tourists from other countries, reports UNB. The programme was organised in coordination with Cultural...

BWCCI to honour six women entrepreneurs

2011-05-17 00:00:00

FE ReportBangladesh Women Chamber of Commerce and Industry (BWCCI) will honour six successful women entrepreneurs from six divisions of the country with BWCCI-EBL Progressive Award-2011. Commerce minister Muhammad Faruk Khan will attend the award giving ceremony as the chief guest...

OECD sees steel demand growing 6pc

2011-05-17 00:00:00

PARIS, May 16 (AFP): A hunger for steel in China and other emerging markets is set to increase demand in 2011-2012 the OECD said Monday but rising prices could choke this trend. The Organisation for Economic Cooperation and Development (OECD)...

Natural gas rises in NY

2011-05-17 00:00:00

NEW YORK, May 16 (Bloomberg): Natural gas futures rose in New York as data showed the number of gas drilling rigs fell to the lowest level in 15 months. Prices erased earlier declines after Houston-based Baker Hughes Inc. said the...