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New office-bearers of Ctg PTOA

2011-05-15 00:00:00

Our CorrespondentCHITTAGONG, May 14: The newly elected office-bearers of Chittagong Port Truck Owners' Association (CPTOA) Saturday were sworn in at its office at Nimtala near Bandar Bhaban in the port city. CPTOA President SM Habibul Huq and General Secretary Zahur...

Identified terrorists slaughter BNP man in Ctg

2011-05-15 00:00:00

CHITTAGONG, May 14 (UNB): A BNP activist was Saturday slaughtered by identified terrorists in broad daylight at Dantmara in Fatikchhari Upazila. Abdul Gani (50), the victim, was local BNP leader and president of Hoako Bazar Committee. His wounded associate Siraj...

Revision to Tobacco Control Act suggested****

2011-05-15 00:00:00

Leaders of Bangladesh Anti-Tobacco Alliance (BATA) today suggested that the government take immediate steps to revise the Tobacco Control Act by imposing high tax on cigarettes and bidis to check smoking and its use, reports BSS. Speaking at a roundtable...

Abul Khair acquires Fahim Ceramics for Tk 500m

2011-05-15 00:00:00

Jasim Uddin Haroon The country's largest conglomerate, Abul Khair Group, has made a forceful entry into Bangladesh's fast-booming ceramics sector after it bought leading manufacturers Fahim Ceramics for about Tk500 million. The steel-cement-milk-tobacco group has completed the purchase last month,...

DBBL launches largest edn scholarship programme*******

2011-05-15 00:00:00

FE ReportBangladesh Bank (BB) Governor Atiur Rahman Saturday called upon the banks and other financial institutions to come forward to financing human resource development areas so that a skilled manpower can help Bangladesh become a middle-income country within the next...

BJA pushes for 20pc cash incentive

2011-05-15 00:00:00

Badrul AhsanPrivate jute millers have urged the government to raise cash incentive from existing 10 per cent to 20 per cent, enabling them to stave off the present crisis. The appeal from Bangladesh Jute Mills Association (BJA) came in a...

BIAC workshop on 'Investing Across Borders'******

2011-05-15 00:00:00

FE ReportBangladesh International Arbitration Centre (BIAC) arranged an alternative dispute resolution (ADR) workshop on "Investing Across Borders" at the MCCI Conference Hall in the city Saturday. The presenter was Ms. Antonia Presciosa Menezes, who is a Private Sector Development Specialist...

Senior Standard Chartered officials arrive in city

2011-05-15 00:00:00

Richard Jones, Head of Regions, Compliance for Standard Chartered Bank will arrive in Dhaka today (15 May, Sunday) for a three-day official visit. He will be accompanied by Ravi Duvvuru, Regional Head, Regulatory Compliance, India & South Asia, Standard Chartered...

Emirates to launch Airbus A380 to Johannesburg

2011-05-15 00:00:00

DUBAI, UAE Emirates (www.emirates.,com), one of the fastest growing airlines in the world, announced on 11 May, 2011 that Johannesburg, the industrial and economic capital of South Africa, will be the next destination slated for its flagship A380 aircraft. The'daily...

8 hurt in Jubo League-BCL clash over 'jhut' business in Ctg

2011-05-15 00:00:00

CHITTAGONG, May 14 (UNB): Jubo League and Bangladesh Chhatra (BCL) activists clashed over 'jhut' business and extortion, leaving eight injured in Alangkar Cinema Hall area in the city today (Saturday). Police said Awami League-backed businessman Morshedul Hasan bought cut-piece clothes...

Petrobangla, ministry at loggerheads

2011-05-15 00:00:00

FE ReportEnergy ministry and Petrobangla are at loggerheads over appointment of a consultant to help build the country's first liquefied natural gas (LNG) import terminal at Moheshkhali island, officials said Thursday. The energy ministry is interested to select a US...

New office-bearers of Ctg PTOA

2011-05-15 00:00:00

Our CorrespondentCHITTAGONG, May 14: The newly elected office-bearers of Chittagong Port Truck Owners' Association (CPTOA) Saturday were sworn in at its office at Nimtala near Bandar Bhaban in the port city. CPTOA President SM Habibul Huq and General Secretary Zahur...

Identified terrorists slaughter BNP man in Ctg

2011-05-15 00:00:00

CHITTAGONG, May 14 (UNB): A BNP activist was Saturday slaughtered by identified terrorists in broad daylight at Dantmara in Fatikchhari Upazila. Abdul Gani (50), the victim, was local BNP leader and president of Hoako Bazar Committee. His wounded associate Siraj...

Revision to Tobacco Control Act suggested****

2011-05-15 00:00:00

Leaders of Bangladesh Anti-Tobacco Alliance (BATA) today suggested that the government take immediate steps to revise the Tobacco Control Act by imposing high tax on cigarettes and bidis to check smoking and its use, reports BSS. Speaking at a roundtable...

China vows to boost land supply to cool property prices******

2011-05-15 00:00:00

BEIJING, May 14 (Reuters): China plans to provide a total of 218,000 hectares of land for building residential properties this year, a rise of 18.5 per cent from 2010, the nation's land ministry said. That includes 77,400 hectares of land...

US bank failure costs to exceed estimates by $2b

2011-05-15 00:00:00

CHARLOTTE, North Carolina, May 14 (Reuters): US bank failures in 2010 cost the Federal Deposit Insurance Corp $2 billion, or 9 per cent, more than initially forecast, according to a new analysis by SNL Financial. The rise exceeds in the...

HSBC relaxes lending criteria for UAE customers****

2011-05-15 00:00:00

DUBAI, May 14 (Arabian Business.com): HSBC has made it easier for customers in the UAE to obtain credit cards, personal loans and mortgage by relaxing its lending criteria. It said it was halving the minimum salary requirement to obtain credit...

Colombo Dockyard March net profit up 78pc*****

2011-05-15 00:00:00

COLOMBO, May 14 (LBO): Sri Lankan ship builder Colombo Dockyard said March 2011 quarter net profit rose 78.4 per cent to 467 million rupees from a year ago with gains from both ship building and repair. Sales rose 23.6 per...

S Korea pension fund to raise investment in Asia

2011-05-15 00:00:00

SEOUL, May 14 (AFP): South Korea's state pension fund -- the world's fourth-largest -- said Friday it would set up a fund worth up to $830 million for investment only in Asia. The National Pension Service (NPS) said it would...

Panacea Biotec Q4 net profit dips ******

2011-05-15 00:00:00

NEW DELHI, May 14 (PTI): Panacea Biotec Ltd Friday said its net profit has declined by 25.19 per cent to Rs 430 million for the fourth quarter ended March 31, 2011, mainly because of foreign exchange related gains in the...

Lupin's strong product pipeline likely to drive growth****

2011-05-15 00:00:00

NEW DELHI, May 14 (Economic Times): Drug maker Lupin, which was expected to underperform, surprised the market with a better show during the fourth quarter ended March 2011. It logged a 17.5-per cent growth in net sales and a 3-per...

Petrobangla, ministry at loggerheads

2011-05-15 00:00:00

FE ReportEnergy ministry and Petrobangla are at loggerheads over appointment of a consultant to help build the country's first liquefied natural gas (LNG) import terminal at Moheshkhali island, officials said Thursday. The energy ministry is interested to select a US...

New office-bearers of Ctg PTOA

2011-05-15 00:00:00

Our CorrespondentCHITTAGONG, May 14: The newly elected office-bearers of Chittagong Port Truck Owners' Association (CPTOA) Saturday were sworn in at its office at Nimtala near Bandar Bhaban in the port city. CPTOA President SM Habibul Huq and General Secretary Zahur...

Identified terrorists slaughter BNP man in Ctg

2011-05-15 00:00:00

CHITTAGONG, May 14 (UNB): A BNP activist was Saturday slaughtered by identified terrorists in broad daylight at Dantmara in Fatikchhari Upazila. Abdul Gani (50), the victim, was local BNP leader and president of Hoako Bazar Committee. His wounded associate Siraj...

Revision to Tobacco Control Act suggested****

2011-05-15 00:00:00

Leaders of Bangladesh Anti-Tobacco Alliance (BATA) today suggested that the government take immediate steps to revise the Tobacco Control Act by imposing high tax on cigarettes and bidis to check smoking and its use, reports BSS. Speaking at a roundtable...

Debapriya against invoking WTO

2011-05-15 00:00:00

It will be difficult for Bangladesh to protect its interests if it selectively refers to WTO provisions on freedom of transit without full understanding of the fees that a country may charge to cover the costs of providing the transit...

Chicago corn climbs as rain may slow US planting

2011-05-15 00:00:00

CHICAGO, May 14 (Xinhua): The Chicago corn futures managed to bounce back Friday, as hefty rainfall this weekend in the eastern Corn Belt may interrupt corn planting. Soybean and wheat retreated, as outside market forces remained negative and fund-selling re-emerged....

Germany, EU, IMF want Greece to reschedule debts

2011-05-15 00:00:00

BERLIN, May 14 (Business Recorder): The EU Commission, the IMF and Germany are calling for Greece to reschedule its massive debt burden, due to the deteriorating situation, the German daily Die Welt says in its Saturday edition. Citing unnamed sources,...

Swiss solar aircraft makes first international flight*****

2011-05-15 00:00:00

PAYERNE, May 14 (Business Recorder): Pioneering Swiss solar powered aircraft Solar Impulse ambled over Europe into Belgium Friday on its first international flight, with the pilot reporting that everything was running smoothly. "The flight is going really well, I have...

Airbus plans to lift A320 production increase

2011-05-15 00:00:00

TOULOUSE, May 14 (Gulfnews): Airbus is poised to further lift production of its bestselling A320 jet series as airlines seek more fuel-efficient aircraft amid rising oil prices, helping the manufacturer fund construction of larger planes. Airbus, the world's largest commercial...