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BAPEX invites foreign firms for tie-up

2010-12-14 00:00:00

M Azizur RahmanThe government has sought proposals from state owned foreign firms to develop and produce natural gas from four potential onshore gas structures dotted across the country's southeastern hilly region, officials said Monday.State-owned oil and gas exploration company-- Bangladesh...

Debt crisis in Eurozone will intensify next year

2010-12-14 00:00:00

Fazle Rashid NEW YORK, Dec 13: Eurozone countries will have to refinance more debt next year than any time before the launch of euro. The investors have warned that debt crisis in the region will intensify next year. Eurozone will...

Kosovo goes to historic polls

2010-12-13 00:00:00

PRISTINA, Dec 12 (AFP): Kosovo headed to the polls Sunday for its first elections since declaring independence in 2008, which look set to weaken Prime Minister Hashim Thaci's grip on power.The last surveys ahead of the vote showed a neck-and-neck...

17 killed in Iraq bombings

2010-12-13 00:00:00

RAMADI, Iraq, Dec. 12 (agencies): At least 17 people were killed and 23 others wounded in a suicide car bomb attack and a car bomb explosion outside Anbar provincial government offices Sunday, a local police source said.The two blasts occurred...

Six NATO soldiers killed in Afghanistan

2010-12-13 00:00:00

Six foreign soldiers have been killed in an attack in southern Afghanistan, the Nato-led International Security Assistance Force (Isaf) says, reports BBC. The incident happened on Sunday, Isaf said in a statement. The alliance gave no further details about the...

news digest

2010-12-13 00:00:00

Gunmen capture three more soldiers in south Yemen ADEN, (Yemen), Dec 12: Gunmen captured three soldiers and wounded five people in south Yemen on Sunday, local officials said, a day after southern activists said they sought to pressure Sanaa into...

Six of top-10 Indian firms lose over Rs 430b last week

2010-12-13 00:00:00

MUMBAI, Dec 12 (PTI): The combined market capitalisation (m-cap) of six of the country's top-10 firms went down by Rs 427.91 billion during the past week, with two of the country's top lenders, SBI and ICICI Bank, bearing the maximum...

Japan, Russia to build liquid natural gas plant: report

2010-12-13 00:00:00

TOKYO, Dec 12 (AFP): Japan and Russia are to jointly build a liquid natural gas (LNG) plant in the Russian port of Vladivostok, the Yomiuri Shimbun reported.The Japanese side, led by the trade and industry ministry as well as major...

Honda targets higher sales in emerging markets

2010-12-13 00:00:00

TOKYO, Dec 12 (Reuters): Honda Motor Co expects to raise its annual global automobile sales by 80 per cent over the next decade and plans to aggressively sell low-priced automobiles in emerging markets, the Nikkei business daily reported. The company,...

Int'l business news in brief

2010-12-13 00:00:00

Indiabulls power plan faces green hurdleMUMBAI, Dec 12: Political parties and the green lobby have stepped up opposition to the 1,350-mw thermal power project by Indiabulls in Amravati district. They have alleged the government's decision to allocate 87.68 million cubic...

Chilly winter boosts coffee demand

2010-12-13 00:00:00

LONDON, dec 12 (Commodity Online): As cold wave grip tightened over most of Northern Hemisphere especially Europe, coffee demand is soaring. According to International Coffee Organisation, extreme cold conditions have threatened to unsettle a precarious balance in the world coffee...

Tanzania gold exports surge 59.2pc in Sept

2010-12-13 00:00:00

DAR ESS SALAM, Dec 12 (Commodity Online): Tanzania's gold exports rose by 59.2 per cent in the year to September 2010 due to an increase in both export volumes and gold prices on the world market. Exports value increased to...

shipping

2010-12-13 00:00:00

Chittagong PortBerthing positionDecember 13, 2010Berth No. NV                   Cargo       LC         LA         DA     Leaving   I/DJ/2       Oriente Grace                   Gi                   Sing            Asa              09/12    12/12/10   4644J/3       Bohai Challenge             Gi                   Yang           Everett       09/12    13/12          1878J/4       Min Jiang                          Gi                   China          Cosco         04/12    12/12          1954J/5       Banglar Shikha               ...

exchange rate

2010-12-13 00:00:00

Dcember 12, 2010   The following were the commercial banks' rates to public for some selectedforeign currencies with Bangladesh Taka in cash transaction SundaySelling rates to public (outward remittance)BankUSDEuroGBPJPYCHFCADAUDSCBs Sonali Bank70.750094.0987112.17790.851372.562370.434670.0727Agrani Bank70.980094.5349112.86200.855672.716070.582070.0508FCBsStanChart69.9092.14109.670.8571.1369.0866.89HSBC 70.955596.4129114.20640.881473.233370.783370.6727Citibank naNANANANANANANABank of Ceylon70.990095.8229115.21740.880573.955671.025573.5101PCBsUttara Bank70.950095.2532112.70330.863672.278770.540570.2810AB Bank71.200095.7776113.87270.8664NANANABuying rates  from...

Develop infrastructure to reap more benefit

2010-12-13 00:00:00

FE ReportViyellatex Group chief has put emphasis on creating an enabling environment to ensure proper growth of country's economy.Viyellatex Group Chairman & CEO David Hasanat put the emphasis in an interview with the FE recently and said as the new...

BBSL to go public

2010-12-13 00:00:00

FE ReportBangladesh Building System Ltd will raise Tk 240 million (24 crore) from the capital market to finance its expansion, the steel maker said.The Gazipur-based company, which began its operation in 2003, will float 2,40,00,000 ordinary shares with a face...

NBL opens 137th branch in Ctg

2010-12-13 00:00:00

National Bank Limited (NBL) has inaugurated its 137th branch at Halishahar in Chittagong recently, said a press release. Sponsor Director of the bank Khalilur Rahman inaugurated the branch as the chief guest, while Professor of Dhaka University Dr Nizamul Haque...

Mobil Jamuna IPO subscription starts from Jan 2 next

2010-12-13 00:00:00

FE ReportThe IPO subscription of the state-run fuel company Mobil Jamuna Lubricants (MJL) - the largest-ever after that of Grameenphone - starts from January 2 next, officials said.As per subscription schedules, resident Bangladeshis will be allowed to apply for the...

Sugarcane selling system through SMS launched

2010-12-13 00:00:00

Prime Minister Sheikh Hasina formally launched the digital purjee system (a kind of permit) Sunday at 15 sugar mills in the country to make sugarcane selling system easier through mobile phone SMS, report agencies.She launched the epoch-making system from her...

WB offers $140m for three SEZs

2010-12-13 00:00:00

FHM Humayan KabirThe World Bank has offered US$140 million for three special economic zones (SEZs) that the government plans to build in Dhaka, Comilla and Chittagong in an effort to woo foreign investment. Finance ministry officials said a delegation of...

EBL unveils product for NRB investors

2010-12-13 00:00:00

FE ReportEastern Bank Ltd. (EBL) launched 'Swadesh Biniyog', a solution for Non-Resident Bangladeshis (NRBs) who are willing to invest in capital market of Bangladesh, at a city hotel Sunday.Managing Director and CEO of EBL Ali Reza Iftekhar inaugurated the solution....

Indian microlenders facing crisis, warns industry

2010-12-13 00:00:00

NEW DELHI, Dec 12 (AFP): India's seven-billion-dollar microfinance industry could be thrown into crisis by a bill that seeks to regulate lending to the poor more tightly, a lobby representing the sector has warned.The legislation, slated to be taken up...

Strengthening indenting assoc stressed

2010-12-13 00:00:00

FE Report The government will get more benefits by strengthening business associations, said Md Ghulam Hossain, secretary, ministry of commerce Sunday. He was speaking at the opening ceremony of a new office of Bangladesh Indenting Agents' Association (BIAA) as chief...

Rapport holds leadership workshop

2010-12-13 00:00:00

Rapport Bangladesh Limited organised a day-long workshop on leadership for banking and financial institutions in Chittagong recently, said a press release. Chairman and Managing Director of Rapport Bangladesh Limited Dr M Mosharraf Hossain conducted the workshop. Twenty senior and mid...

Earning from jute goods export doubles

2010-12-13 00:00:00

Yasir WardadThe country's export earning from jute goods more than doubled in 2009-10 fiscal compared to the previous fiscal, officials said.Jute goods export earning witnessed a 103 per cent jump last fiscal by exporting 577,000 tonnes of goods at above...

IPO diary

2010-12-13 00:00:00

MBL 1st Mutual FundNameMBL 1st Mutual FundNature of the fundClosed-end Mutual Fund of 10 (Ten) years tenureObjectiveThe objective of the Fund is to provide attractive risk adjusted returns to the unit holders by investing the proceeds in the Capital Market...

Tamim steals the show

2010-12-13 00:00:00

CHITTAGONG, Dec12 (Cricinfo): Tamim Iqbal's explosive 95 blew away Zimbabwe on a slow Chittagong pitch on which the visitors had limped to 188 for 6, giving Bangladesh a six-wicket victory and a sixth-consecutive series win over Zimbabwe. On a track...

Ansar, BJMC, DU, Dhaka DSA reach Nat'l Women's H’ball semis

2010-12-13 00:00:00

Bangladesh Ansar, BJMC, Dhaka University (DU) and Dhaka DSA reached the semi-finals of the EXIM Bank 21st National Women's Handball Championship winning their respective quarterfinal matches at the Handball Stadium in the city Sunday, reports UNB.Bangladesh Ansar will face Dhaka...

England target unbeaten Australian tour

2010-12-13 00:00:00

MELBOURNE, Dec 12 (AFP): Wicketkeeper Matt Prior said that England were aiming to go through their Australian tour unbeaten after the tourists ground out a draw in their three-day match with Victoria Sunday.Set 311 runs to win on the final...

Pakistan talented enough to ride out scandal: Ramiz

2010-12-13 00:00:00

LAHORE, Pakistan, Dec 12 (AFP): Former captain Ramiz Raja said Sunday Pakistan have the talent to ride out a spot-fixing scandal engulfing the national game. "For me credibility and integrity are the main issues and there is a need to...