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New chairman of Premier Leasing audit committee

2010-11-28 00:00:00

Md Nasiruddin Choudhury, director of Premier Leasing and Finance Limited (PLFC) has been elected chairman of Audit Committee of the board with effect from September 4, 2010, said a press release. After obtaining degree in Civil Engineering from BUET, he...

Int'l business news in brief

2010-11-28 00:00:00

Russian WTO membership in 2011 possible: PutinBERLIN, Nov 27: Prime Minister Vladimir Putin voiced hope Friday that Russia would complete its 17-year quest for World Trade Organisation membership next year. "I think this is possible and this our wish," he...

IPO diary

2010-11-28 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...

Commodities trade mixed amid eurozone crisis

2010-11-28 00:00:00

LONDON, Nov 27 (AFP): Commodity markets enjoyed mixed fortunes this week as positive US economic data was offset by the impact of the strengthening dollar amid the burgeoning eurozone debt crisis.Official data on Wednesday showed improvements in unemployment, consumer spending...

Asian shares up after Weber comments fuel global growth hopes

2010-11-28 00:00:00

Asian stocks rose for a second day after Deutsche Bundesbank President Axel Weber said a rescue fund for the euro area has sufficient capital to calm financial markets, easing concerns about a global economic recovery, reports Bloomberg.BHP Billiton Ltd., the...

Palm oil has second weekly loss as China curbs price increase

2010-11-28 00:00:00

MUMBAI, Nov 27 (Bloomberg): Palm oil dropped for a second week after China, the biggest cooking-oil user, took steps to curb speculation in commodities to combat rising inflation, led by surging food costs.February-delivery futures shed 1.6 per cent this week....

Wall Street down after rollercoaster week

2010-11-28 00:00:00

NEW YORK, Nov 27 (AFP): Wall Street lurched from gains to losses in a rollercoaster ride this week, amid concerns about the eurozone, tensions on the Korean peninsula and amid a US holiday."US equity markets experienced light trade this week...

Materials lead WS slide on euro-debt woes

2010-11-28 00:00:00

NEW YORK, Nov 27 (Reuters): Commodity-related shares led US stocks lower Friday in a shortened post-holiday session as investors unloaded risky assets on worries that euro-zone debt problems may spread.Consumer stocks were also a major focus as Black Friday, often...

European stocks fade on euro debt jitters

2010-11-28 00:00:00

LONDON, Nov 27 (AFP): Nervous investors sold off European equities Friday in the face of fears that Ireland's debt and deficit difficulties will force Portugal and Spain to follow its lead and appeal for outside financial help.Market sentiment was unsettled...

FBCCI director leaves for Japan

2010-11-28 00:00:00

FE Report FBCCI Director and Asian Group of Industries Chairman Md Harun-ur-Rashid left Dhaka for Japan Saturday night as a member of entourage of Prime Minister Sheikh Hasina on a five-day visit, according to a press release.During the visit, Mr...

Bank of Spain urges lenders to provide more detailed results

2010-11-28 00:00:00

MADRID, Nov 27 (AFP): The Bank of Spain on Friday called on lenders to publish more details in their results, especially regarding exposure to the nation's collapsed real estate sector, to reassure jittery markets.Spain's banks should use transparency as their...

Over 100 BNP men held across country

2010-11-28 00:00:00

Police arrested over 100 leaders and activists of BNP and its front organisations from separate places of the country Friday night and Saturday ahead of Tuesday's countrywide hartal, report agencies.Besides, around 80 hartal supporters were injured in clashes with police...

Latif, Barua term BNP's hartal baseless

2010-11-28 00:00:00

Jute and Textiles Minister Abdul Latif Siddiqui alleged Saturday that the countrywide hartal called by BNP was aimed at protecting Khaleda Zia's house, her sons' illegal wealth and war criminals. The minister made the allegation while speaking as the chief...

Death anniversary

2010-11-28 00:00:00

The fourth death anniversary of veteran freedom fighter, former mayor of Dhaka City Corporation (DCC) Mohammad Hanif will be observed today (Sunday), reports BSS.In separate messages, President M Zillur Rahman, Prime Minister Sheikh Hasina and Speaker Md Abdul Hamid Advocate...

Moudud threatens more hartals

2010-11-28 00:00:00

Dismissing criticisms for calling countrywide hartal, BNP leader Moudud Ahmed MP has warned of more hartals to challenge the misrule, repressions and anti-people actions of the government.Speaking at a roundtable organised by Swadesh Jagoron Parishad on rule of law, human...

Charge to be framed on Jan 25

2010-11-28 00:00:00

MYMENSINGH, Nov 27 (UNB): A special court, designed to try last year's BDR mutiny, today fixed charge framing dates against 42 members of Mymensingh sector headquarters and 45 Rifles Battalion under the sector.BDR Kushtia Sector Commander Colonel Nazrul Islam Sarkar,...

Overall import rises sharply in Oct

2010-11-28 00:00:00

FE Report The country's overall import recorded a significant rise in October this year over the previous month due mainly to increase in import of food grains, officials said. Opening of letters of credit (LCs) against import, generally known as...

Milon's mother appeals for effective democracy

2010-11-28 00:00:00

Mother of Shaheed Dr Shams-ul-Alam Khan Milon, a martyr of the 1990 democracy struggle, has said the supreme sacrifice of her beloved son would be meaningful if an effective democratic society is established in the country."Milon's immortal soul will get...

Cultural personalities urge BNP to withdraw hartal

2010-11-28 00:00:00

A total of 30 leading cultural personalities have urged the BNP to withdraw its scheduled hartal asking them to settle disputes with the government through discussions."Despite being a democratic right, the issue of its justification of hartal is crucially important,"...

PM's five-day visit to Japan begins today

2010-11-28 00:00:00

The five-day 'important' Japan visit of Prime Minister Sheikh Hasina begins Sunday as she left Brussels for Frankfurt, Germany en route to Tokyo Saturday noon, according to a message received in Dhaka, reports BSS. Bangladesh Ambassador to Belgium and Head...

Rights activists for renaming it

2010-11-28 00:00:00

Rights activists called for using the term "sexual harassment" to describe bullying of young women, saying the words "Eve teasing" were too lenient a term to describe a nasty crime the perpetrators of it did, reports BSS."In no way it...

Yeafesh for utilising IT to build Digital Bangladesh

2010-11-28 00:00:00

KHULNA, Nov 27 (BSS): State Minister for Science and ICT Architect Yeafesh Osman stressed the need for utilising information technology (IT) to build Digital Bangladesh by 2021. "We want to bring the country under digital network so that people can...

B'desh role model for inter-religious harmony

2010-11-28 00:00:00

DU Correspondent Bangladesh is a role model for inter-religious and intercultural harmony, as there is no room for religious communalism, fundamentalism and extremism here, said Education Minister Nurul Islam Nahid. The minister said all citizens of the country enjoy equal...

BNCC team off to Maldives

2010-11-28 00:00:00

A five-member Bangladesh National Cadet Corps (BNCC) team led by Major Hamida Chowdhury left Dhaka for the Maldives Friday night to join a 10-day 'MNCC Cadet Camp XIIF beginning today (Sunday), reports BSS.BNCC team will participate in 'MNCC Cadet Camp...

Ensuring healthcare for poor, underprivileged stressed

2010-11-28 00:00:00

RAJSHAHI, Nov 27 (BSS): Speakers at an advocacy workshop here Saturday emphasised the need for ensuring healthcare services to both the rural and urban poor and underprivileged people for equal development of the nation. In this regard, they also laid...

High cost of 'quick rentals' may be big burden for govt

2010-11-28 00:00:00

M Azizur RahmanThe high-cost rental power plants are set to emerge as the country's single largest power plant category for electricity generation by next year as the government has attached utmost priority to resolve power crisis on ad-hoc basis, said...

BKMEA, Chittagong businesses call for hartal withdrawal

2010-11-28 00:00:00

FE ReportBangladesh Knitwear Manufacturers and Exporters Association (BKMEA), apex trade promotion body in knitwear sector, has urged the main opposition Bangladesh Natiuonalist Party (BNP) to withdraw its countrywide dawn-to-dusk hartal on November 30 in the greater interest of the national...

Turbulence in Indian politics -- need for greater fairness in democracy

2010-11-28 00:00:00

Zaglul Ahmed ChowdhuryThe turbulence in the world's largest democracy, India sparked by a string of financial scandals only underlines the axiomatic truth that governance in the name of the people must be characterized with dedication, fairness and honesty - failing...

Khaleda has no right to cause public sufferings, says PM

2010-11-28 00:00:00

BRUSSELS, Nov 26 (UNB): Questioning the rationale of the November 30 hartal called by opposition BNP, Prime Minister Sheikh Hasina said that Khaleda Zia has "no right to cause sufferings to people by giving hartal just to save her illegally...

Nepal, Bhutan offer 1000MW power each

2010-11-28 00:00:00

Nepal and Bhutan have pledged to export 1000 megawatt (MW) hydroelectricity each to Bangladesh, reports BSS.Prime Minister's Finance Adviser Dr Mashiur Rahman, who led seven-member delegation to Nepal and Bhutan from November 21 to 25, on his return home Friday,...