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Govt to build 2nd unit of Ashuganj fertiliser plant

FE Report | 2011-03-08 00:00:00

FE ReportThe government will build the second unit of Ashuganj Fertiliser Factory with the daily capacity of 3500 tonnes to ensure smooth supply of fertiliser by 2014. "The expansion plan will make sure that supply is OK and it will...

Freelance programming fetches $ 7m last year

FE Report | 2011-03-08 00:00:00

FE ReportBangladesh fetched US$7.0 million last year from freelance computer programming and the volume will be several times more if the talents of the young generation are utilised properly, said Mostafa Jabbar, president of Bangladesh Computer Samity (BCS). Addressing a...

Asia to be biggest aircraft market by 2029: Airbus

2011-03-08 00:00:00

HONG KONG, Mar 7 (AFP): Asia will emerge as the world's biggest aircraft market by 2029, accounting for a third of worldwide plane deliveries as the middle class drives demand, Airbus has said. The European plane maker also said it...

Sun is shining on Asian tourism trade

2011-03-08 00:00:00

HONG KONG (AFP) - The sun is shining on the tourism trade in Asia-Pacific with double-digit growth notched up in 2010, spurred largely by Chinese and Indian middle classes packing their bags for a break abroad. Strong economies, the proliferation...

Pearson to buy edn business

2011-03-08 00:00:00

LONDON, Mar 7 (Reuters): British publishing group Pearson has agreed a deal to buy Education Development International (EDI) for 113 million pounds ($184 million) to further boost its presence in the training and assessment market. Pearson, which owns the world's...

Corp Bank denies Pune cooperative takeover report

2011-03-08 00:00:00

MUMBAI, Mar 7 (Reuters): State-run Corporation Bank denied a newspaper report Monday it was in takeover talks with Pune-based Rupee Cooperative Bank to expand in the state of Maharashtra. "The report is absolutely wrong. We were earlier looking at it...

Spanish home sales up, boost for economy

2011-03-08 00:00:00

MADRID, Mar 7 (AFP): Spanish property sales climbed 5.9 per cent in 2010 after three years of sharp declines in the collapse of the real estate market, the government said Monday, in a boost for the battered economy. There were...

Infosys likely to set up centre in Bihar

2011-03-08 00:00:00

PATNA, Mar 7 (PTI): Information technology giant Infosys is likely to set up its first software development centre in Bihar and the state government is planning to provide it with land, an official said Sunday. "Infosys officials approached the state...

Jamna Auto to set up two plants in South India

2011-03-08 00:00:00

NEW DELHI, Mar 7 (PTI): Auto component maker Jamna Auto today said it will set up two new manufacturing units at Hosur and Chennai to produce parts for commercial vehicles, entailing a total investment of Rs 800 million. The Hosur...

Freelance programming fetches $ 7m last year

FE Report | 2011-03-08 00:00:00

FE ReportBangladesh fetched US$7.0 million last year from freelance computer programming and the volume will be several times more if the talents of the young generation are utilised properly, said Mostafa Jabbar, president of Bangladesh Computer Samity (BCS). Addressing a...

Oil rises in Asian trade

2011-03-08 00:00:00

SINGAPORE, Mar 7 (AFP): Oil rose higher in Asian trade Monday with the New York contract surging past $106 in the afternoon, a new two-year high as turmoil in the Middle East continued to unsettle investors, analysts said. New York's...

Tough anti-hoarding law to combat artificial price hike

FE Report | 2011-03-07 00:00:00

FE Report Food and Disaster Management Minister Dr Muhammad Abdur Razzaque said Sunday food prices will come down to a "tolerable level" once an anti-hoarding bill is passed in the parliament. "At present, we don't have any effective tool to...

Libyan scene remains tense and uncertain

Zaglul Ahmed Chowdhury | 2011-03-07 00:00:00

Zaglul Ahmed ChowdhuryAmidst a large degree of uncertainties and escalating skirmishes, a defiant Muhammar Gaddafi is seeking every means-ranging from face-saving diplomatic overtures to tough military actions-to remain in power in Libya, the world's 12th largest oil producer. The embattled...

Cabinet set to approve metro rail route today

Munima sultana | 2011-03-07 00:00:00

Munima sultanaThe country's first metro rail has moved closer to reality as the Cabinet is set to approve its route plan and create an authority today (Monday) to implement the estimated US$1.7 billion mass transport project. Officials said both the...

Businesses react sharply toproposed new VAT law

FE Report | 2011-03-07 00:00:00

FE ReportBusinessmen expressed Sunday their strong resentment at the new VAT law, scheduled to be enforced from 2012, demanding continuation of the existing VAT law with amendments as it is working successfully contributing higher revenue to the public exchequer. They...

Hearing on Yunus petition adjourned

2011-03-07 00:00:00

Hearing on Muhammad Yunus' supplementary petition filed with the High Court about his removal from the office of the Managing Director (MD) of Grameen Bank (GB) has been adjourned until Monday, reports bdnews24.com. The High Court was hearing the supplementary...

All-round Yuvraj stars in Indian win

2011-03-07 00:00:00

Yuvraj Singh saved the blushes for India, allowing them to hide the ordinary effort from other spinners, by picking his maiden five-for to restrict Ireland to 207 before he hit an unbeaten fifty to settle India's nerves in a hard-fought...

Yunus victim of vendetta, says Khaleda

2011-03-07 00:00:00

BNP chairperson Khaleda Zia has expressed deep concern at the situation created by the government by removing Nobel laureate Dr Muhammad Yunus from the helm of Grameen Bank, report agencies. In a statement Sunday the opposition leader called upon the...

DU students go on rampage after fellow's death

DU Correspondent | 2011-03-07 00:00:00

DU Correspondent At least 50 vehicles were damaged and one burnt Sunday as the agitated students of Dhaka University went on a rampage following the death of a fellow student who was allegedly hit by a lorry Saturday night. Police...

3 Bangladeshis die while fleeing Libya

2011-03-07 00:00:00

ATHENS, Mar 6 (Agencies): At least three Bangladeshi evacuees from insurrection-hit Libya died in Greek waters while trying to swim to shore from a ship already moored in port, the Greek coastguard said Sunday. The incident happened in Souda port...

Historic Mar 7 today

2011-03-07 00:00:00

The nation will observe the historic March 7 today (Monday) in a befitting manner, commemorating the address of Father of the Nation Bangabandhu Sheikh Mujibur Rahman on this day in 1971 when he called upon the people to fight against...

Opposition hatching conspiracy to destroy country's image abroad

2011-03-07 00:00:00

The ruling Awami League lawmakers Sunday said the opposition BNP-Jama'at alliance is hatching conspiracies to destroy country's image abroad, reports BSS. The treasury bench members said that the four-party alliance was defeated in the election held on December 29, 2008...

'Plight of Bangladeshis in Libya to mount in coming days'

Jamal Uddin | 2011-03-07 00:00:00

Jamal UddinThe fate of Bangladeshi workers who remained stranded in the countries bordering Libya might further worsen in the coming days due to an extremely cold weather and food shortage, stranded expatriates feared. They apprehended that the situation might create...

TCB to importTk 25b goodsthis year

2011-03-07 00:00:00

The Trading Corporation of Bangladesh (TCB) will import essential goods of around Tk 25 billion this year, the highest ever, to stabilise the local market, reports BSS. Commerce Minister Muhammad Faruk Khan said this in response to a question from...

Don't turn edn into commodity: President

2011-03-07 00:00:00

President M Zillur Rahman Sunday asked the private universities to impart quality education and ensure that teaching is not turned into a commodity, reports UNB/BSS. The President urged the authorities of all universities in the country to make practical education...

Hearing on Yunus petition adjourned

2011-03-07 00:00:00

Hearing on Muhammad Yunus' supplementary petition filed with the High Court about his removal from the office of the Managing Director (MD) of Grameen Bank (GB) has been adjourned until Monday, reports bdnews24.com. The High Court was hearing the supplementary...

All-round Yuvraj stars in Indian win

2011-03-07 00:00:00

Yuvraj Singh saved the blushes for India, allowing them to hide the ordinary effort from other spinners, by picking his maiden five-for to restrict Ireland to 207 before he hit an unbeaten fifty to settle India's nerves in a hard-fought...

Yunus victim of vendetta, says Khaleda

2011-03-07 00:00:00

BNP chairperson Khaleda Zia has expressed deep concern at the situation created by the government by removing Nobel laureate Dr Muhammad Yunus from the helm of Grameen Bank, report agencies. In a statement Sunday the opposition leader called upon the...

DU students go on rampage after fellow's death

DU Correspondent | 2011-03-07 00:00:00

DU Correspondent At least 50 vehicles were damaged and one burnt Sunday as the agitated students of Dhaka University went on a rampage following the death of a fellow student who was allegedly hit by a lorry Saturday night. Police...

3 Bangladeshis die while fleeing Libya

2011-03-07 00:00:00

ATHENS, Mar 6 (Agencies): At least three Bangladeshi evacuees from insurrection-hit Libya died in Greek waters while trying to swim to shore from a ship already moored in port, the Greek coastguard said Sunday. The incident happened in Souda port...