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Japan plans up to $127b in lending to businesses

2011-03-20 00:00:00

TOKYO, Mar 19 (Reuters): The Japanese government plans to dedicate up to 10 trillion yen ($127 billion) in crisis lending to businesses to help them finance day-to-day operations and repair damage from last week's deadly earthquake and tsunami, the Nikkei...

Bahrain dinar plunges, trade drying up

2011-03-20 00:00:00

MANAMA/DUBAI, Mar 19 (Kuwait Times): The Bahrain dinar fell to a multi-year low in the forwards market yesterday and the central bank was forced to move to an alternate location after a security crackdown on protesters closed the commercial district....

BCL leader killed in gunfight

2011-03-20 00:00:00

Terokhada thana Chhatra League General Secretary Imran Fakir was killed and other 20 persons were injured in a clash between two supporters of Terokhada Sadar Union Parishad Chairman candidates Saturday morning. Police and local source said that a clash was...

Old man hacked to death

2011-03-20 00:00:00

An octogenarian man, who was stabbed by a miscreant Wednesday at Borodesh village in Kanaighat Upazila of Sylhet died at OMCH .The deceased was identified as Juaid Ali (78), son of late Mobashir Ali of the village.Police said Fahad, son...

10 injured in a clash

2011-03-20 00:00:00

At least 10 people were injured in a clash between two groups of villagers at Mohishkundi Paschimpara village in Doulatpur Upazila Friday. Witnesses said an altercation ensued between Rezaul Islam and Bhangon. Ali of the village over a trifling matter...

One held with arms

2011-03-20 00:00:00

Police in a drive arrested a young man along with a country made pistol from Doulatdia launch ghat of Rajbari road early Saturday. The arrestee was identified as Khorshed Alam (20), son of Shaheb Ali of Korollachari village in Matiranga...

Shops gutted

2011-03-20 00:00:00

At least 20 shops were gutted in a fire which broke out at two markets in the Haor area of Mithamoin Upazila of Kishoreganj Saturday. Local sources said, the fire originated from the burning mosquito coil at a shop and...

Drug peddler arrested

2011-03-20 00:00:00

RAB members arrested drug peddler along with huge quantity of phensidyl in Dhulivita area on Dhaka-Aricha highway in Dhamrai Upazila early Saturday. The arrested was identified as Munna (35) of Jessore district. Acting on information, a team of RAB-4 conducted...

SBL holds spices loan campaign at Nilpahmari

Our Correspondent | 2011-03-20 00:00:00

Our CorrespondentNILPHAMARI, Mar 19 : Loan Providing Camp of Sonali Bank Ltd. on cultivation of spices was held recently in the district Head office premises of the bank. Md. Mofazzal Hossain Deputy General Manager of Bangladesh Bank Rangpur attended the...

Toyota, Sony disruptions may last weeks

2011-03-20 00:00:00

TOKYO, Mar 19 (Bloomberg): Toyota Motor Corporation and Sony Corp., two of Japan's biggest manufacturers, are facing worst-case scenarios of long-term production shortfalls as scores of plants remain closed and workers are idled in the aftermath of the March 11...

Tour operator opens door on secretive North Korea

2011-03-20 00:00:00

BEIJING, Mar 19 (AFP): Millions of tourists visit Asia each year for its pristine beaches and cultural treasures, but Nick Bonner offers travellers something different: the "socialist paradise" of North Korea. Bonner launched Koryo Tours in Beijing in 1993 along...

Japan food production hit by quake

2011-03-20 00:00:00

TOKYO, Mar 19 (Commodity Online): Japan's major grain producing areas situated on the quake hit north-eastern regions suffered heavy damages and is likely to hit about thirty per cent of the country's feed production, according to US Grains Council. In...

Fed allows big US banks to resume paying dividends

2011-03-20 00:00:00

WASHINGTON, Ma 19 (AFP): The Federal Reserve said Friday it would allow some of the largest US banks to resume paying or boost dividends, in a new sign of the sector's emergence from the 2008-2009 housing finance collapse. Several top...

UK consumer prices rise 4.2pc

2011-03-20 00:00:00

LONDON, Mar 19 (Bloomberg): UK inflation probably accelerated to the fastest pace since October 2008 in February, which may sharpen the divide among Bank of England policy makers on whether to raise interest rates to tame price pressures. Consumer prices...

Samsung unit fined $32m for price-fixing

2011-03-20 00:00:00

WASHINGTON, Mar 19 (AFP): A unit of Korean conglomerate Samsung was fined US$32 million for involvement in an Asian price fixing ring for a key computer monitor component, the US Justice Department said Friday. Samsung SDI agreed to plead guilty...

Europe stocks post biggest weekly drop since July

2011-03-20 00:00:00

LONDON, Mar 19 (Bloomberg): European stocks tumbled by the most in eight months this week after Japan's March 11 earthquake damaged cooling systems at an atomic power plant, causing the worst nuclear accident since Chernobyl. Swiss Reinsurance Co. and Munich...

Libya's nat'l oil corp will honour contracts: Ghanem

2011-03-20 00:00:00

TRIPOLI, Mar 19 (AFP): Libya's National Oil Corp will honour its contracts with foreign firms operating in the country, NOC chairman Shukri Ghanem said Saturday. "We will honour all our engagements and contracts with the foreign oil companies that are...

Bahrain dinar plunges, trade drying up

2011-03-20 00:00:00

MANAMA/DUBAI, Mar 19 (Kuwait Times): The Bahrain dinar fell to a multi-year low in the forwards market yesterday and the central bank was forced to move to an alternate location after a security crackdown on protesters closed the commercial district....

BCL leader killed in gunfight

2011-03-20 00:00:00

Terokhada thana Chhatra League General Secretary Imran Fakir was killed and other 20 persons were injured in a clash between two supporters of Terokhada Sadar Union Parishad Chairman candidates Saturday morning. Police and local source said that a clash was...

Old man hacked to death

2011-03-20 00:00:00

An octogenarian man, who was stabbed by a miscreant Wednesday at Borodesh village in Kanaighat Upazila of Sylhet died at OMCH .The deceased was identified as Juaid Ali (78), son of late Mobashir Ali of the village.Police said Fahad, son...

10 injured in a clash

2011-03-20 00:00:00

At least 10 people were injured in a clash between two groups of villagers at Mohishkundi Paschimpara village in Doulatpur Upazila Friday. Witnesses said an altercation ensued between Rezaul Islam and Bhangon. Ali of the village over a trifling matter...

One held with arms

2011-03-20 00:00:00

Police in a drive arrested a young man along with a country made pistol from Doulatdia launch ghat of Rajbari road early Saturday. The arrestee was identified as Khorshed Alam (20), son of Shaheb Ali of Korollachari village in Matiranga...

Shops gutted

2011-03-20 00:00:00

At least 20 shops were gutted in a fire which broke out at two markets in the Haor area of Mithamoin Upazila of Kishoreganj Saturday. Local sources said, the fire originated from the burning mosquito coil at a shop and...

Drug peddler arrested

2011-03-20 00:00:00

RAB members arrested drug peddler along with huge quantity of phensidyl in Dhulivita area on Dhaka-Aricha highway in Dhamrai Upazila early Saturday. The arrested was identified as Munna (35) of Jessore district. Acting on information, a team of RAB-4 conducted...

AGM of SME Foundation held

2011-03-20 00:00:00

The 5th Annual General Meeting (AGM) 2011 of Small and Medium Enterprise (SME) Foundation was held at Bangabandhu International Conference Centre in the city Saturday. SME Foundation chairperson Aftab ul Islam presided over the meeting while managing director and CEO...

Land allotment for CITF sought

2011-03-20 00:00:00

Principal secretary to the Prime Minister Abdul Karim has asked Chittagong business leaders to find a khas land to build a permanent venue for the Chittagong International Trade Fair (CITF). He asked the Chittagong Chamber of Commerce and Industry to...

Exports to Japan may suffer

Talha Bin Habib | 2011-03-20 00:00:00

Talha Bin Habib Bangladesh's move to make inroad into the multi-billion dollar Japanese clothing market may suffer a jolt after the country was ravaged by triple disasters of an earthquake, a tsunami and a nuclear meltdown. Bangladesh Knitwear Manufacturers and...

Dhaka set to participate in int'l expo in Korea

Sonia H Moni | 2011-03-20 00:00:00

Sonia H MoniBangladesh is set to take part in International Exposition 2012 at Yeosu of Korea next year in order to boost exports performance, a top EPB official said. Vice chairman at the Export Promotion Bureau Jalal Ahmed said, "Millions...

Insurance regulator seeks staff, operating fund

Asaduzzaman Pallab | 2011-03-20 00:00:00

Asaduzzaman PallabInsurers' watchdog Insurance Development and Regulatory Authority (IDRA) has submitted an organogram to the Finance Ministry, seeking staff and budget. Finance Ministry officials said, IDRA has sought 170 manpower including four members and 4 executive directors. The authority also...

Prospect brightens to boost shrimp exports to Russia

Monira Munni | 2011-03-20 00:00:00

Monira MunniRussian sea processors union has sought cooperation from the country's frozen food exporters to establish a closer business relation with Bangladesh, officials said. Bangladesh embassy in Moscow has recently sent a letter to the director general of Department of...