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Thrust on learning global trade rules, practices by businessmen

2010-12-05 00:00:00

FE ReportBusinessmen must learn the global trade rules and best practices, if they want to succeed in today's international trade and cash in maximum from their export-import transactions.Speakers at a workshop on 'Global Trade Services and Challenges in Bangladesh' came...

Honda, Hero Group to dissolve partnership

2010-12-05 00:00:00

Honda Motor Company plans to sell its stake in India’s top-ranked motorcycle maker, Hero Honda Motors, and instead focus on its wholly owned subsidiary in the country, a news report said Saturday.The Japanese automaker may earn some 100 billion yen...

City General Ins holds EGM

2010-12-05 00:00:00

An extraordinary general meeting (EGM) of City General Insurance Company Limited has approved the proposal of changing denomination of shares and increase authorised capital of the comapny.The EGM was held in the city recently, said a press release.Chairman of the...

IBFB workshop on banking corruption held in Ctg

2010-12-05 00:00:00

The International Business Forum of Bangladesh (IBFB) held an advocacy workshop at Hotel Agrabad in Chittagong city Thursday, said a press release.Industries Minister Dilip Barua was present as the chief guest in the workshop on "Reducing Corruption in Accessing Industrial...

Trade Almanac to help entrepreneurs released

2010-12-05 00:00:00

A trade info directory dubbed 'Trade Almanac' was released Saturday with a view to boosting the country's trade by providing entrepreneurs with trade-related basic information, reports BSS. Bangladesh Foreign Trade Institute (BFTI) in association with the Ministry of Commerce (MoC)...

Premier Bank opens brokerage house at Kawran Bazar

2010-12-05 00:00:00

The Premier Bank Limited inaugurated its new brokerage house at Kawran Bazar in the city recently with a view to enhancing involvement of investors in the capital market, said a press release.Premier Bank Director Shah Mohammad Nahyan Haroon inaugurated the...

ICB AMCL declares NAV of two unit funds

2010-12-05 00:00:00

ICB Asset Management Company Limited (AMCL), a subsidiary of the Investment Corporation of Bangladesh (ICB), has disclosed net asset value (NAV) of its two unit fund, said a press release.ICB AMCL Unit Fund: The total NAV of the Fund stood...

TNT Express official due today

2010-12-05 00:00:00

Tim Frank, General Manager Middle East and Subcontinent Associates, TNT Express will be visiting Bangladesh from today (Sunday) to December 7.Tim Frank is visiting Bangladesh in the context of aggressive growth strategy undertaken by TNT Express Bangladesh in recent times.During...

'Tight' monetary policy likely to fend off inflation

2010-12-05 00:00:00

FE Report The Bangladesh Bank (BB) is likely to continue maintaining a tight monetary policy to defuse inflationary pressures on the economy, the Citigroup has said." … While both the policy rates and the cash-reserve ratio have been raised over...

JS session begins today: BNP won't join

2010-12-05 00:00:00

Main opposition BNP will not join the parliament session that begins today (Sunday), the party's front ranking leader Moudud Ahmed MP said Saturday, reports UNB.The ninth parliament will go into its seventh session at 4.0pm today. The last session was...

Bangladesh again elected LDC coordinator at WTO

2010-12-05 00:00:00

Nazmul AhsanThe Group of the least developed countries (LDCs) unanimously elected Bangladesh as their coordinator at a meeting held at the World Trade Organisation (WTO) headquarters, Geneva on the first day of the current month, a top trade official said.The...

Govt to finalise draft 5-yr plan by mid-Dec

2010-12-05 00:00:00

FHM Humayan KabirThe government would finalise the draft five-year plan by the middle of this month, revising some macro-economic indicators in line with the Finance Ministry's upward resources income projection, officials said Saturday.Planning Ministry officials said they have taken the...

More agri subsidy likely in current fiscal: Muhith

2010-12-05 00:00:00

Finance Minister AMA Muhith hinted Saturday that agriculture subsidy in the current fiscal might be increased from the proposed Tk 40 billion (4,000 crore), reports UNB. "Agriculture subsidy might not be contained at Tk 40b during the current fiscal. There...

New selection criteria for CIP under study

2010-12-05 00:00:00

Doulot Akter MalaThe government plans to set new criteria for selection of Commercially Important Person (CIP) in the field of industries, in a bid to award the status on the basis of volume of contribution to the industrial sector.The CIP...

Police-RMG workers’ clash leaves 10 hurt at Ashulia

2010-12-05 00:00:00

FE ReportAt least 10 people, including two policemen, were injured following a clash between the law-enforcers and garment workers that jolted Ashulia industrial area Saturday.Hundreds of riot police members, guarding the factories at the country's key apparel hub, lobbed tear-gas...

CCCI polls postponed

2010-12-05 00:00:00

The biennial elections of the Chittagong Chamber of Commerce and Industry (CCCI), one of the largest chambers in the country, has been postponed following gross allegations of fake voters inclusion in the voters list, reports UNB.Divisional Commissioner of Chittagong has...

Ex-fastest runner killed in accident

2010-12-05 00:00:00

NARAYANGANJ, Dec 4: Country's former fastest runner and gold winner of SAF Games Mahbub Alam has been killed in a road accident on Dhaka-Chittagong highway near Narayanganj. Kanchpur highway police station chief Shahriar Hossain said Mahbub died on the spot...

3 alleged robbers lynched in Comilla

2010-12-05 00:00:00

COMILLA, Dec 4: Local people lynched three suspected robbers at Eliotganj Bazar near Daudkandi in Comilla early Saturday, police said. They said, quoting local people that the unidentified victims were running away after killing one Sirajul Islam, 48, from Telia...

Weather

2010-12-05 00:00:00

Weather is likely to remain dry with temporary partly cloudy sky over many places of Dhaka, Rajshahi, Barisal, Chittagong and Sylhet divisions and at a few places over Khulna division today (Sunday). Light fog may occur over the river basins...

Strengthening TCB

2010-12-05 00:00:00

Khalilur RahmanDespite stern warnings issued by the government from time to time, prices of essentials, particularly flour, onion and edible oil, continue to maintain rising trend. The Financial Express in its issue of Saturday reported that even after the fixation...

BSC will offload share in 3 months

2010-12-05 00:00:00

Our CorrespondentCHITTAGONG, Dec 4: Shares of Bangladesh Shipping Corporation worth Tk 627.4 million will be offloaded through the capital market with next three months.Declared price of each share will be Tk 100 and premium will be added to the price,...

Arsenic toxicity deleteriously impacts labour supply of BD

2010-12-05 00:00:00

FE ReportAn international study has disclosed that arsenic toxicity deleteriously impacts labour supply of Bangladesh which affects the struggling economy of the country.Word Health Organisation (WHO) called it "largest mass poisoning of a population in history".According to the research, published...

Nepal seeks free power market deal with India

2010-12-05 00:00:00

KATHMANDU, Dec. 4 (Xinhua): Nepali government has forwarded the Electricity Trade Agreement dossier to India seeking a free power market. According to Saturday's Republica daily, if India endorses this agreement, Nepal will be able to trade power in free market....

Rizvi tells investors Be wary about investment decision

2010-12-05 00:00:00

FE ReportDhaka Stock Exchange (DSE) President Shakil Rizvi Saturday urged investors to be cautious about investment decision in the capital market. He made the caution while speaking as the chief guest at the inaugural ceremony of Pearl Institute of Financial...

Govt sits with refiners today to fix edible oil prices

2010-12-05 00:00:00

Monira MunniThe government will sit today (Sunday) with the oil refiners to fix prices of pet bottled and brand edible oil to rein in the recent unusual hike of the essential item in the local market, officials said.The price of...

Cancun protestors demand to keep WB out of climate financing

2010-12-05 00:00:00

FE ReportPeople of Bangladesh along with other nations of the world protested in Cancun, Mexico Thursday against the role of the developed countries and demanded to keep the World Bank (WB) out of climate financing.The people under the banner of...

Dhaka-Ctg highway blocked for 2 hrs

2010-12-05 00:00:00

NARAYANGANJ, Dec 4 (UNB): Dhaka-Chittagong highway was blocked for two hours following death of a local in road accident at Lolati in Sonargaon early Saturday.The deceased was identified as Mojibur Rahman, 55, son of Abbas Ali of Lolati village at...

Khaleda's belongings shifted

2010-12-05 00:00:00

Household belongings of BNP Chairperson Khaleda Zia from her vacated Dhaka Cantonment house had been shifted for the second day (Saturday), reports UNB.The goods were shifted in presence of her representatives from 11 am to 6:55 pm.Wives of Sayeed Eskender...

Addressing factors that retard investments

2010-12-04 00:00:00

Distinguished discussants at a seminar with its theme, Bangladesh: The Next Investment Destination, in a city hotel last Wednesday observed many positives and negatives about the investment situation in Bangladesh, particularly for foreign direct investments (FDIs). But the bottom line...

Many kinds of knowledge, many kinds of ignorance

2010-12-04 00:00:00

There are many kinds of knowledge and there are many kinds of ignorance, said one development philosopher sometime in the 1980s. A national workshop conducted by BARCIK (Bangladesh Resource Centre for Indigenous Knowledge) last Sunday (November 28, 2010), brought home...