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Trial of american student resumes in Italy

2010-12-19 00:00:00

PERUGIA, (Italy0, Dec 18 (AP): American student Amanda Knox appeals murder trial has resumed in this central Italian city, with the court expected to issue a key decision on whether to allow a review of the case's evidence and new...

news digest

2010-12-19 00:00:00

China says Korean situation precarious, urges talks BEIJING, Dec 18: China on Saturday called the situation on the Korean peninsula "extremely precarious" and urged more talks to ease tensions, the Xinhua news agency reported, as Seoul prepared for a live-fire...

Move to check misuse, save natural gas

2010-12-19 00:00:00

FHM Humayan KabirThe government has taken a move to check misuse and save natural gas at inefficient industries as it seeks to find a way out to boost the capacity of their boilers that consume more fuel, officials said Wednesday.Energy...

NBL opens 139th branch at Shariatpur

2010-12-19 00:00:00

National Bank Ltd (NBL) opened its 139th branch at Shariatpur recently, said a press release.NBL Executive Committee Chairperson Parveen Haque Sikder inaugurated the branch as the chief guest. A discussion was held on the occasion with NBL Managing Director Neaz...

Teradata CTO due tomorrow

2010-12-19 00:00:00

FE ReportStephen Brobst, chief technology officer (CTO) of Teradata, a leading data warehouse company providing technology and professional services, will arrive in Bangladesh on a three day visit tomorrow (Monday).Dr Stephen's specialisation is in the design and construction of Decision...

NCC Bank opens two new branches

2010-12-19 00:00:00

NCC Bank Limited has opened its 75th branch at Ramgonj, Lakshmipur and 76th branch at Faridgonj, Chandpur with online facility recently.Vice Chairman of the Bank Md. Harunur Rashid MP formally inaugurated these SME & Agri branches as chief guest. Managing...

$150m World Bank loan for country's job market

2010-12-19 00:00:00

FE ReportThe World Bank (WB) will provide US$150 million loan for Bangladesh's employment generation schemes for the extreme poor under a loan deal signed with the government Saturday.The programme will create employment in rural areas for the extreme poor during...

Energyprima AGM held

2010-12-19 00:00:00

Energyprima AGM heldThe 4th Extra Ordinary General Meeting and 3rd Annual General Meeting of Energyprima Limited was held recently in the city. The company declared 10 per cent cash dividend in the meeting for the period ended June 30, 2010.The...

Rak Airways makes debut

2010-12-19 00:00:00

RAK Airways, a national carrier of the UAE, announced the arrival of its first flight to Dhaka Thursday. The carrier's first flight to Chittagong also arrived on the same day.RAK Airways recently expanded its route network offering three flights a...

Govt moves to plug Titas gas seepage

2010-12-19 00:00:00

M Azizur RahmanThe government has decided to plug the perpetual leakage of gas from a Titas gas field spending Tk 2.50 billion from its own coffer after a multilateral lender declined to finance the project, officials said Wednesday."We will finalise...

ICB AMCL announces NAV of two unit funds

2010-12-19 00:00:00

ICB Asset Management Company Limited (AMCL), a subsidiary of Investment Corporation of Bangladesh (ICB), has announced net asset value (NAV) of its two unit Funds, said a press release. According to the announcement, the total NAV of ICB AMCL Unit...

Noman Group,Rahimafrooz sign agreement under CDM

2010-12-19 00:00:00

Bangladesh Carbon, an initiative of Rahimafrooz Renewable Energy has signed a Clean Development Service (CDM) agreement with one of the prominent local textile companies Noman Group.This agreement will play an instrumental role and encourage private sector participation in respect to...

DBBL, Bank Asia ink deals with BB on SME refinance

2010-12-19 00:00:00

Two leading private commercial banks recently signed participation deals with Bangladesh Bank (BB) to have refinance facilities under the BB-introduced ADB Credit Fund for SME sector development, said two separate press releases. Dutch Bangla Bank Ltd (DBBL) Managing Director KS...

AMZ Solutions launched

2010-12-19 00:00:00

FE ReportAMZ Solutions Limited, a system integrator for ERP and internationally proven solutions, recently launched its operation at a simple ceremony in the city recently. Evolved in Bangladesh as a multinational called Soltious in 2005, through its journey as CMMI-5...

Irish divided on bailout, say sovereignty lost: poll

2010-12-19 00:00:00

DUBLIN, Dec 18 (Reuters): Just over 50 per cent of Irish people support a multi-billion euro EU/IMF rescue package but believe the country has lost its sovereignty by accepting the external assistance, according to a poll published Saturday. Ireland was...

Total NAV of Prime Financial First Unit Fund disclosed

2010-12-19 00:00:00

The total NAV of Prime Financial First Unit Fund stood at Tk 203,789,722 on the basis of cost price and Tk 201,900,815 on the basis of market price at the close of business operation on December15, 2010. The NAV per...

Waiting for the metamorphosis

2010-12-16 00:00:00

BANGLADESH observes today its 40th Victory Day with due fervour and enthusiasm. The people will pay their homage to those valiant sons of the soil whose sacrifice and sufferings made it possible for its triumphant emergence as a sovereign entity...

Now to triumph over poverty

2010-12-16 00:00:00

Enayet Rasul BhuiyanIt all started in 1952 with the historic Language Movement. The legitimate interests of the Bangali-speaking population who constituted the majority of the then Pakistan were sought to be grievously hurt by the suggestion of the then ruling...

Severe cold sweeping the United States

2010-12-16 00:00:00

Fazle Rashid in New York The United States is being swept by a severe cold wave. Frigid conditions with temperature dropping to single digit is prevailing all over the country. Thirty-eight states are under cold wave. In New York the...

Hasan Raja's home

2010-12-16 00:00:00

As one reaches Sunamgonj, a giant gate of Hasan Raja comes to sight on the entry-way to the town. Dewan Hasan Raja hails from Tegoria, a noted village of Sunamgonj district. A main gate at his original home where it...

RMG Factory Fire!

2010-12-16 00:00:00

A local English daily's staff correspondent in his front page report of 15th December on the fire incident; quoted (the wise and knowledgeable?) Dy. Managing Director of the factory; who suspected electrical short circuit as the cause of the fire;...

Recollecting the past for a better future

2010-12-16 00:00:00

Amin Ahmed Chowdhury, Bir Bikram (BB)OVER the years, the Ministry of Defence (MoD) of the People's Republic of Bangladesh has been marginalized by the successive governments since post August 15, 1975. Some of these governments did it deliberately and some,...

A Victory at the cost of 30 million lives

2010-12-16 00:00:00

Musa SadikThirty-nine years ago, in 1971, I was working in the blood-drenched war fronts as an Information Officer-cum-War Correspondent of Mujibnagar Government. Alongside, I discharged my tough responsibilities as War Correspondent of Swadhin Bangla Betar Kendra. I was hovering between...

World shares down amid Japan confidence drop

2010-12-16 00:00:00

BANGKOK, Dec 15 (AP): World markets were mostly lower Wednesday amid deteriorating sentiment among Japanese companies that underlined the slowdown in the world economic recovery.In opening European trade, France's CAC 40 was off 0.7 per cent at 3,877.51 and Britain's...

Oil slips below $88 on US crude supplies, dollar

2010-12-16 00:00:00

SINGAPORE, Dec 15 (AP): Oil prices fell below $88 a barrel Wednesday in Asia after US crude supplies fell less than expected and gasoline inventories jumped, suggesting demand remains sluggish.Benchmark oil for January delivery was down 77 cents to $87.51...

Sensex slips to 19600, realty, banks, pharma down

2010-12-16 00:00:00

MUMBAI, Dec 15 (Economic Times): Equities were witnessing profit booking across the board as sentiments turned bearish in global markets. Realty, banks and pharma were beaten down while IT stocks showed some resistance. At 2:20 pm, Bombay Stock Exchange's Sensex...

Malaysia to miss estimated palm oil output

2010-12-16 00:00:00

KUALA LUMPUR, Dec 15 (Commodity Online): Malaysia, the world's second largest of crude palmoil producer after Indonesia, will miss projected output of 17.5 million metric tons in 2010 due to an acute shortage of labour and as the annual monsoons...

Tea market sees easier demand

2010-12-16 00:00:00

The weekly tea market witnessed much easier demand Tuesday and prices declined for all varieties mostly by Tk 4.0 to Tk 6.0. According to a press release, Blenders were much less active whilst there was only a little interest from...

BG finds gas in first China exploration

2010-12-16 00:00:00

BEIJING, Dec 15 (Commodity Online): Major oil company BG Group strike gas in its very first attempt on China soil as gas was discovered in the deepwater Qiongdongnan basin in the South China Sea. In a statement issued here the...

Int'l business news in brief

2010-12-16 00:00:00

Indian state cracks down on microfinance firmsHYDERABAD, Dec 15: The southern Indian state of Andhra Pradesh has passed a bill to regulate microfinance firms as small cash loans to the poor come under increasing scrutiny. The new laws in the...