FE ReportThe hundred per cent export-oriented textile company - Generation Next Fashions Limited - Sunday submitted its IPO proposal to the Securities and Exchange Commission (SEC) to go public under book building method, officials said.The company has planned to raise...
FE ReportThe Indian government has reduced the minimum export price (MEP) of onion by $50 and set it to $375 per tonne for November, according to Expressindia website.This will have a positive impact on Bangladeshi market during the Eid-ul-Azha festival,...
FE ReportThe government Monday resumed distribution of rice among the hardcore poor at cheaper prices through fair price cards (FPC), but responses from people and dealers were lukewarm.Under the programme, rice will be sold at Tk 24 per kg from...
Afzalul HaqIt is heartening to note that our banks, including the largest Sonali Bank Limited, have started Islamic banking. This state-owned commercial bank has started Islamic banking operations by opening 5 Islamic Windows. Serious and sincere officials therein seem to...
Shafiqul AlamGood governance is important to address poverty reduction. Economic growth, aid efficiency and linking governance with human development would contribute significantly to poverty reduction. External actors who promote governance as a means to reduce poverty should be aware of...
After nearly two weeks of tense talks on how best to protect the world's threatened ecosystems, delegates from the 193 rich and poor countries, attending the UN Biodiversity summit in the Japanese city of Nagoya, finally reached a 'historic global...
Moazzem HossainBANGLADESH should look beyond its gains, actual or perceived, in the form of annual fees from providing transit facilities to India. Such earnings are, no doubt, important for bridging, even partially, its current gap in the form of imbalance...
Adnan Amin THE US and some western countries observed the tenth anniversary of al-Qaeda attacks on the US last September. But the world today is no more under a US created spell that its administration is fighting, so much as...
Twenty-nine rivers in the southwestern part of the country, according to some recent media reports, have already died from progressively reduced flow of the Padma in Bangladesh. The rivers were the offshoots of the two major tributaries of the Padma...
EDUCATION is not an opportunity but a fundamental human right. Getting admitted to Class One is also a child's fundamental right. It is unexpected that reputed schools in the capital city should demand 'donations' for admission to Class One.Viqarrunnessa Noon...
THE government should promptly take the important decision of fully reactivating the Trading Corporation of Bangladesh (TCB) and acting on it with real speed. TCB's activities were winded up over the years on the plea of free market economy or...
At least 52 people were killed as security forces stormed a Catholic church in Baghdad to free dozens of hostages, said Deputy Interior Minister Maj Gen Hussein Kamal, reports BBC.He suggested six attackers had also died in the fighting, though...
At least five persons have been killed in a US drone strike in north-western Pakistan, intelligence officials say, reports BBC.They say missiles struck a house in the Hyder Khel area of North Waziristan early Monday.So far there has been no...
US officials have suggested a Saudi bombmaker is the key suspect in last week's attempt to send two parcel bombs from Yemen to the US on cargo planes, reports BBC.They named the man as Ibrahim Hassan al-Asiri, who is said...
"Today I will start with a three-part sermon on: Jesus was HIV-positive," South African Pastor Xola Skosana recently said in a Sunday church service, report agencies.The words initially stunned his congregation in Cape Town's Khayelitsha township into silence, and then...
Dilma Rousseff has been elected president of Brazil to succeed Luiz Inacio Lula da Silva, electoral officials have confirmed, reports BBC.Ms Rousseff, 62, who has never before held elected office, becomes the country's first woman president.She promised to "honour the...
Alcohol 'more harmful than heroin' Alcohol is more harmful than heroin or crack, according to a study published in medical journal the Lancet. The report is co-authored by Professor David Nutt, the former UK chief drugs adviser who was sacked...
SYDNEY, Nov 1 (Reuters): Asian shares rose the most in seven weeks Monday, driven higher by surprisingly strong China manufacturing data and hopes that super-easy US monetary policy will loosen even further this week.Investor demand for riskier assets was palpable...
NEW DELHI, Nov 1 (PTI): Surpassing all records, silver futures prices soared to hit a new high of Rs 38,051 per kg, as speculators created positions, tracking a firm trend in global markets.Besides, rising demand at domestic spot markets for...
MUMBAI, Nov 1 (Economic Times): Equities were firmly placed as investors bought stocks across the board taking cues from positive Asian markets. All the sectoral indices were in the green with banks, realty and capital goods space in the lead....
MUMBAI, Nov 1 (Reuters): India federal bond yields steadied after easing early Monday buoyed by the central bank's cash support measures, but traders were wary of taking fresh positions ahead of central bank's policy decision Tuesday. The central bank's macroeconomic...
SINGAPORE, Nov 1 (Commodity Online): Gold extended gain in Asian trade Monday ahead of crucial Fed meet as the dollar dropped further against major currencies.Gold for immediate delivery was seen trading at $ 1358.51 an ounce at 12.30 pm Singapore...
BANGKOK, Nov 1 (AP): Oil prices rose to near $82 a barrel Monday in Asia as regional stock markets jumped on news that growth in Chinese manufacturing picked up pace in October.Benchmark crude for December delivery was up 41 cents...
November 1, 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 Bank70.750099.4030113.90860.886272.318769.922170.2789Agrani Bank70.980099.8016114.55840.890372.406870.070470.2353FCBsStanChart69.9092.14109.670.8571.1369.0866.89HSBC 71.0925100.0718114.19810.902172.386969.588269.6225Citibank naNANANANANANANABank of Ceylon70.9400101.0122116.89560.918073.788270.587173.6357PCBsUttara Bank70.9500100.0568114.43460.896672.256770.089570.4306AB Bank71.0500100.8824115.37960.8994NANANABuying rates from...
Chittagong PortBerthing positionNovember 2, 2010Berth No. NV Cargo LC LA DA Leaving I/DJ/2 J. Real Gi Sing Asa 25/10 -- 997J/3 Saigon Princess Rice Hochi Seacom 22/10 03/11 435 Phuong Nam-68 Rice Hochi Seacom 05/10 02/11 464J/4 Splendour C.Clink Sing ...
Sweden will support Bangladesh in various sectors including renewable energy, technology transfer and industrialisation, reports UNB.The assurance came when newly appointed Bangladesh Ambassador to Sweden AFM Gousal Azam Sarker presented his Credentials to King Carl XVI Gustaf at the Royal...
FE ReportBiman Bangladesh Airlines has introduced Internet Booking Engine (IBE) to its ticketing system, officials said.Biman Managing Director Air Commodore Muhammad Zakiul Islam (Retd) inaugurated the long-awaited system at its headquarters in the city Monday."With the introduction of IBE, passengers...
Our CorrespondentCHITTAGONG, November 1: IPDC of Bangladesh Ltd ( Industrial Promotion and Development Company) hosted a Mezban at a local community centre Sunday on the occasion of opening its first branch in the port city.Mizanur Rahman, chairman of PHP Group...
FE Report The three-day Second International Tourism Fair -- 'Chittagong Travel Mart 2010' -- will begin at Hotel Agrabad in the port city from Thursday, said a press release. The Bangladesh Monitor, a travel journal of the country, has organised...
AIBL 1st Islamic Mutual FundNature of BusinessClosed-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 and Money Market...
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