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Italy strategic fund to have $28.80b

2011-04-11 00:00:00

MILAN, April 9 (Reuters): The fund Italian Economy Minister Giulio Tremonti wants to set up to save strategic companies from foreign takeover will have some 20 billion euros ($28.80 billion) available, the La Repubblica daily said Saturday. The Italian government...

WEATHER

2011-04-11 00:00:00

Rain or thundershowers accompanied by temporary gusty or squally wind is likely at one or two places over Rajshahi, Rangpur, Dhaka and Sylhet divisions and the regions of Jessore, Khustia and Comilla in next 24 hours till 6.0pm today (Sunday)....

Bus rapid transit in Airport-Gazipur route to be launched

2011-04-11 00:00:00

FE ReportThe first ever higher passenger-capacity bus service will be introduced in the Airport-Gazipur corridor in the greater Dhaka with articulated buses, overpasses and underpasses. A study of the Asian Development Bank (ADB) said this Sunday at a workshop on...

JS bodies demand punishment to share market manipulators

2011-04-11 00:00:00

FE Report Members of four parliamentary standing committees Sunday said the government must ensure punishment to the persons responsible for the recent share market scam. The members of finance, planning, public accounts and government affairs committees were addressing a pre-budget...

SEC officials get promotion

2011-04-11 00:00:00

The capital market regulator has promoted 10 of its officials, including two directors, who have been made executive directors, reports bdnews24.com. The decision came Sunday following a meeting of the Securities and Exchange Commission (SEC). This is the first change...

Govt to import 0.4m tonnes of cotton soon

2011-04-11 00:00:00

Commerce Minister M Faruk Khan Sunday said the government would take expeditious steps to import 0.4 million tonnes of cotton for meeting the demands in the country, reports UNB. "We're communicating with India and Uzbekistan for the import of cotton,"...

NATO destroys tanks in Ajdabiya, Misrata

2011-04-11 00:00:00

BENGHAZI, Apr 10 (Agencies): NATO launched air strikes against Libyan leader Moamer Gaddafi's troops in the stricken port city of Misrata Sunday after regime forces killed at least 11 people there over the weekend, rebels said. And in Brussels, an...

Wealthy Indian-Americans dodging taxes through offshore banking

2011-04-11 00:00:00

From Fazle RashidNEW YORK, Apr 10: The world of off-shore banking has gained a new entrant. It is India to the bewilderment of many. Not long ago there was an uproar in India about wealthy Indians dodging tax and putting...

Mubarak denies having assets in foreign states

2011-04-11 00:00:00

CAIRO, Apr 10 (Agencies): Former Egyptian President Hosni Mubarak has made his first public statement since he was ousted two months ago, saying allegations of corruption against his family are unfounded. Mubarak resigned in February after mass anti-government protests, fleeing...

BTCL staff sit-in strike

2011-04-11 00:00:00

Temporary employees of the Bangladesh Telecommunications Company Limited (BTCL) have gone on a sit-in strike demanding regularisation of their jobs. The sit-in programme started at 10:00 am Sunday in front of the BTCL building in the city's Eskaton Road. -...

Italy strategic fund to have $28.80b

2011-04-11 00:00:00

MILAN, April 9 (Reuters): The fund Italian Economy Minister Giulio Tremonti wants to set up to save strategic companies from foreign takeover will have some 20 billion euros ($28.80 billion) available, the La Repubblica daily said Saturday. The Italian government...

WEATHER

2011-04-11 00:00:00

Rain or thundershowers accompanied by temporary gusty or squally wind is likely at one or two places over Rajshahi, Rangpur, Dhaka and Sylhet divisions and the regions of Jessore, Khustia and Comilla in next 24 hours till 6.0pm today (Sunday)....

Efforts on for facilitating IPO floatations by low-cap ins cos

2011-04-11 00:00:00

FE ReportBangladesh Bank (BB) has withdrawn the compulsory system of enlistment of insurance companies with banks in response to a demand made by Bangladesh Insurance Association (BIA). BIA chairman Sheikh Kabir Hossain disclosed this in a recent meeting of the...

Gartner recognizes Bangladeshi software products

2011-04-11 00:00:00

FE ReportTwo Bangladeshi software products for Islamic banking solution grabbed 9th and 14th position in the coveted ranking list of Gartner Inc. USA According to market insiders of IT sector, Millennium Information Solution Ltd bagged 9th position for its flagship...

Dhaka stocks gain amid volatility

2011-04-11 00:00:00

FE ReportDhaka stocks closed higher Sunday amid volatility as many investors are reportedly in confusion over the implementation of the stock market probe report. Sunday was the first trading day after submission of the much-talked-about share market scam repot. Some...

BAT AGM held

2011-04-11 00:00:00

The 38th Annual General Meeting of British American Tobacco Bangladesh Company Limited was held in the city Sunday, said a press release. Mr. Golam Mainuddin, Chairman, British American Tobacco Bangladesh chaired. A large number of shareholders attended the meeting and...

Cos' dividends

2011-04-11 00:00:00

Phoenix Finance: The board of directors of Phoenix Finance and Investments Limited has recommended 35 per cent stock dividend for the year that ended on December 31, 2010. The annual general meeting (AGM) of the company will be held at...

Wealthy Indian-Americans dodging taxes through offshore banking

2011-04-11 00:00:00

From Fazle RashidNEW YORK, Apr 10: The world of off-shore banking has gained a new entrant. It is India to the bewilderment of many. Not long ago there was an uproar in India about wealthy Indians dodging tax and putting...

Mubarak denies having assets in foreign states

2011-04-11 00:00:00

CAIRO, Apr 10 (Agencies): Former Egyptian President Hosni Mubarak has made his first public statement since he was ousted two months ago, saying allegations of corruption against his family are unfounded. Mubarak resigned in February after mass anti-government protests, fleeing...

BTCL staff sit-in strike

2011-04-11 00:00:00

Temporary employees of the Bangladesh Telecommunications Company Limited (BTCL) have gone on a sit-in strike demanding regularisation of their jobs. The sit-in programme started at 10:00 am Sunday in front of the BTCL building in the city's Eskaton Road. -...

Italy strategic fund to have $28.80b

2011-04-11 00:00:00

MILAN, April 9 (Reuters): The fund Italian Economy Minister Giulio Tremonti wants to set up to save strategic companies from foreign takeover will have some 20 billion euros ($28.80 billion) available, the La Repubblica daily said Saturday. The Italian government...

WEATHER

2011-04-11 00:00:00

Rain or thundershowers accompanied by temporary gusty or squally wind is likely at one or two places over Rajshahi, Rangpur, Dhaka and Sylhet divisions and the regions of Jessore, Khustia and Comilla in next 24 hours till 6.0pm today (Sunday)....

Fashion outlets doing brisk business with Boishakhi items

2011-04-11 00:00:00

Arafat AraOwners of local fashion houses are making a hefty business in recent weeks as shoppers throng their city outlets to collect colorful and traditional dresses to celebrate the upcoming Bengali new year -- Pahela Boishakh. Targeting the carnival, most...

EPZs draw $166m investments in July-March

2011-04-11 00:00:00

Shah Alam NurThe country's export zones drew US$166 million in foreign investments in nine months of the current financial year, helped by political stability and improved power generation, the zone regulator said. "I think political stability in the last couple...

Secretary for 'realistic' price for jute goods

2011-04-11 00:00:00

FE Report Textiles and jute secretary Ashraful Moqbul Sunday stressed the need for keeping the price of jute sacks and shopping bags within the reach of users. "We can't devalue the eco-friendly nature of jute and its biodegradability. But at...

New disability law to focus on autistic people

2011-04-11 00:00:00

FE ReportThe government will devote a separate chapter in the new law for disables, which will help autistic people protect their rights, said a government official. Director general of Department of Social Services Md Moshiur Rahman said, "The government is...

Singer holds sewing instructress meet

2011-04-11 00:00:00

Singer Sewing Instructress Meet-2011 was held at Update Centre in the city recently, said a press statement. At least 65 individuals including sewing instructresses of Singer sewing schools across the country, field members and top officials of Singer Bangladesh Ltd...

Technology evolves fast as firms meet public demand

2011-04-11 00:00:00

Communication technologies are evolving rapidly as companies try and keep pace with increasing public appetite for an ever richer and more interactive mobile experience, speakers told a symposium. North South University (NSU) and Eyeball Bangladesh Ltd jointly organised the symposium...

World Bank to protect wildlife in South Asia

2011-04-11 00:00:00

World Bank strengthens regional cooperation to protect wildlife in South Asia. The World Bank approved a $36 million credit to Bangladesh and a $3 million grant to Nepal for the First Phase of the Adaptable Program Loan (APL) on Strengthening...

BTCL staff sit-in strike

2011-04-11 00:00:00

Temporary employees of the Bangladesh Telecommunications Company Limited (BTCL) have gone on a sit-in strike demanding regularisation of their jobs. The sit-in programme started at 10:00 am Sunday in front of the BTCL building in the city's Eskaton Road. -...