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Dhaka Bank issues Tk 2.0b bonds

2010-12-07 00:00:00

FE ReportDhaka Bank Limited has issued BDT 2.0 billion 7 Year Fixed Rate Subordinated Bonds for their capital base in line with the Basel-II framework. This is first ever bond issuance of Dhaka Bank Limited. Standard Chartered Bank was the...

Govt to set up int’l standard testing lab

2010-12-07 00:00:00

FE Report Commerce Minister Muhammed Faruk Khan Monday said the government will set up an international standard testing laboratory to test mild-steel (MS) rod to facilitate manufacturing of quality rods in the country. "The Commerce Ministry will set up the...

StanChart Global Head of Country (Finance) in city

2010-12-07 00:00:00

Julian Fong, Chief Financial Officer (CFO) Asia and Global Head Country Finance for Standard Chartered Bank is in Dhaka for a two-day official visit. Julian is also an Executive Director of Standard Chartered Bank (Hong Kong) Limited. Julian is accompanied...

District judges to man tax tribunal

2010-12-07 00:00:00

Doulot Akter MalaThe government has decided to appoint district judges in tax tribunal in an attempt to ensure fair justice for taxpayers mired in litigation, a senior tax official said.Tribunal act of the income tax law will be amended to...

Dhaka to get 0.20m tonnes cotton from Tashkent a yr

2010-12-07 00:00:00

FHM Humayan KabirThe Uzbek government has assured Bangladesh of supplying 0.20 million tonnes of cotton every year under direct trading system eliminating the present complex business procedure, officials said Sunday.Commerce ministry officials said following request from Dhaka, Tashkent has decided...

Most of B’desh missions fail to achieve July-Sept export target

2010-12-07 00:00:00

Although most of the Bangladesh missions abroad could not achieve their target, key missions like Washington, Berlin, Ottawa, Madrid, The Hague, London and Paris exceeded their export target in the first quarter of current fiscal (July-September), reports UNB.The actual export...

MEDEXPO-2010 begins in city from Dec 9

2010-12-07 00:00:00

FE ReportMEDEXPO-2010, the eighth international medical equipment and healthcare services exposition, will be held at the Ballroom of Pan Pacific Sonargaon Hotel in the city from December 9 to 11, 2010.Prof Dr Syed Modasser Ali, adviser to the Prime Minister...

EC urged to amend municipal election code of conduct

2010-12-07 00:00:00

Leaders of Municipal Association of Bangladesh (MAB) have demanded amendment of the Pourasava (Election Code of Conduct) Rules 2010 and the Local Government (Pourasava) Election Rules 2010 to ensure free and fair elections.The MAB leaders said this at a press...

Cabinet greets Hasina for tri-nation visit

2010-12-07 00:00:00

The Cabinet has expressed gratitude and congratulated Prime Minister (PM) Sheikh Hasina for her tri-nation visit to Japan, Belgium and Russia, reports UNB.Following a thanks giving reference raised by Communications Minister Syed Abul Hossain, the Cabinet observed that PM's visits...

Hearing adjourned until January 9

2010-12-07 00:00:00

Hearing on the government's appeal against the High Court (HC) order in jail killing case has been adjourned until January 9, 2011, reports bdnews24.com. A regular bench of the Appellate Division, headed by Chief Justice ABM Khairul Haque, Monday adjourned...

Two Jubo Dal activists hurt in rival attacks

2010-12-07 00:00:00

JESSORE, Dec 6 (UNB): Two Jubo Dal activists were injured in attacks by party factional rivals in Shankarpur Chopdarpara area of the district town Saturday.Locals said there was a longstanding rivalry between the two factions of Jubo Dal-one led by...

JP to reject re-printed constitution if Islam, Bismillah erased: Ershad

2010-12-07 00:00:00

Jatiya Party (JP) will reject the newly printed Constitution if Islam and Bismillah are erased from it.JP chairman Hossain Mohammad Ershad said this at a discussion at their Banani office in the city Monday, reports UNB."I had sacrificed a lot...

Charges framed against 187 BDR signal mutineers

2010-12-07 00:00:00

Special Court-8 Monday fixed January 4 for taking depositions as it framed charges against 187 alleged BDR mutineers of Signal Sector in connection with the BDR mutiny at the BDR headquarters, reports UNB.The court, set up at the Darbar Hall...

AL factional clash in Sylhet hurts 20

2010-12-07 00:00:00

SYLHET, Dec 6 (UNB): At least 20 people were injured in a clash between two factions of Awami League (AL) over toll collection at Sreepur village in Tahirpur Upazila Sunday.Locals said AL activists Akbar-Motiur Rahman group of village Sreepur Kurerpar...

Shakib Al Hasan steals the show

2010-12-07 00:00:00

Mid-way through an overcast morning, Bangladesh were in a familiar predicament: the top-order had failed and Shakib Al Hasan, the reluctant captain, was saddled with the responsibility of achieving a target his spinners could defend on a pitch that assisted...

Inter hunt top spot, Bremen playing for pride

2010-12-07 00:00:00

BREMEN, Germany, Dec 6 (AFP): Werder Bremen are looking to end their unhappy Champions League campaign on a rare high Tuesday when they host defending champions Inter Milan who are aiming to finish top of Group A. Inter are already...

Clarke fights, then falls as England eye victory

2010-12-07 00:00:00

Kevin Pietersen gave England every chance of victory in Adelaide with his career-best 227, but it's his bowling that might have made the biggest difference.Michael Clarke and Michael Hussey gave Australia a fighting chance of escaping with a draw to...

Bangladesh women football team crush Bhutan in 1st warm-up match

2010-12-07 00:00:00

Bangladesh eves football team crushed touring Bhutanese women's team by 7-0 goals in the first warm-up match at the Mohammadpur Physical Education College ground in the city Monday afternoon, reports UNB.The win comes a morale booster for the home side...

Global stocks mixed after Bernanke comments

2010-12-07 00:00:00

BEIJING, dec 6 (AP): Global stocks were mixed Monday after US Federal Reserve chairman Ben Bernanke said the Fed might buy more bonds, while a stronger yen weighed on Japanese exporters.Japan's Nikkei 225 lost 0.1 per cent to 10,167.23. Exporters...

Nepal gold markets remain in doldrums

2010-12-07 00:00:00

KATHMANDU, Dec 6 (Commodity Online): Nepal gold market remained in doldrums, weeks after country allowed gold imports to check growing prices and shortage of the precious metal. Analysts said import of gold and silver will not resume at least in...

China becomes renewable energy market leader

2010-12-07 00:00:00

LONDON, Dec 6 (Commodity Online): Beating the US once again on energy matters, China is now global leader in global renewable energy market, according to a report by the Big 4 accounting firm, Ernst & Young. The report issued this...

Ugandan coffee export heats up

2010-12-07 00:00:00

KAMPALA, dec 6 (Commodity Online): Owing to good harvest of high yielding crops Uganda's coffee exports rose to 267,506 60-kg bags in November from 235,171 bags in the same month last year, state-run Uganda Coffee Development Authority (UCDA) said.As the...

Sensex ends flat

2010-12-07 00:00:00

MUMBAI, Dec 6 (Economic Times): Equities failed to hold on to intraday gains and ended on a flat note as traders booked profits near psychological resistance levels. Selling activity was seen in banks, realty and FMCG space while metals and...

Int'l business news in brief

2010-12-07 00:00:00

Siemens bags Rs 1.27b IT order for F1 projectMUMBAI, Dec 6: Siemens today said it has bagged an order worth Rs 1.27 billion from Jaypee Sports International (JPSI) for providing equipment for the country's upcoming first Formula1 race track at...

shipping

2010-12-07 00:00:00

Chittagong PortBerthing positionDecember 7, 2010Berth No. NV                   Cargo       LC       LA           DA     Leaving   I/DJ/2          Ace Star                             Gi                   Sing         Jac             27/11          06/12       ---J/3          Golam –E-Mostafa          Rice                Qasim      Fsl            28/11          09/12       --J/4          La Jolla Belle                   Wheat            Const       Uml          20/11          08/12       3655J/5          Jiao Cheng                       ...

exchange rate

2010-12-07 00:00:00

Dcember 6, 2010 The following were the commercial banks' rates to public for some selectedforeign currencies with Bangladesh Taka in cash transaction MondaySelling rates to public (outward remittance)BankUSDEuroGBPJPYCHFCADAUDSCBs Sonali Bank70.750094.8311111.63180.861972.800070.721970.1723Agrani Bank70.780095.0701112.07850.864072.741170.697969.9669FCBsStanChart69.9092.14109.670.8571.1369.0866.89HSBC 70.885597.5732113.97260.895673.671371.252271.2536Citibank naNANANANANANANABank of Ceylon70.990096.5541114.50040.892174.413071.440173.6166PCBsUttara Bank70.900095.4360112.08300.871372.693870.827570.2602AB Bank71.150096.5492113.31080.8769NANANABuying rates  from public...

Ministry wants to avoid conflict between traffic and other mega projects

2010-12-07 00:00:00

FE ReportThe Ministry of Communications has called a coordination meeting Tuesday with its agencies and other ministries to ensure smooth implementation of traffic related projects targeting avoidance of conflict with mega projects including the metro rail.Officials said the meeting has...

GE to supply four gas turbines

2010-12-07 00:00:00

FE ReportUS firm GE has won a contract to supply four gas turbine rental units to generate 75 megawatts (mw) of electricity at Ghorashal, company insiders said.GE would provide TM2500 aero-derivative gas turbines to generate electricity at Max Power's 75...

$946m remitted by expats in November

2010-12-07 00:00:00

FE Report Bangladeshis working abroad have remitted nearly US$946 million in November this year thanks to the Eid-ul-Azha festival, officials said Monday."The flow of remittances has increased slightly during the period as the country observed the Eid festival," a senior...

FM launches diplomatic MRP cell

2010-12-07 00:00:00

Foreign Minister (FM) Dr Dipu Moni Monday launched the diplomatic Machine Readable Passports (MRP) cell in the Ministry of Foreign Affairs, reports UNB.Henceforth, all diplomatic passports (both manual and machine readable) will be issued by the Ministry of Foreign Affairs.