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Graduating to middle-income country status

2010-11-26 00:00:00

THE meeting of the least developed countries (LDCs) is scheduled for holding in Turkey early in the new year. The Finance Minister, M A Muhith, gave his views on Bangladesh’s preparations for this meeting in a dialogue held under the...

President Obama's Asia trip sharpens security issues

2010-11-26 00:00:00

Zaglul Ahmed ChowdhuryTHE recent visit of the United States president Barack Obama to Asia has not only sharpened the already existing overt and covert security-related rivalries in the region, but also brought into focus the necessity of the concerned countries...

The poor getting badly battered by higher prices

2010-11-26 00:00:00

M A QuasemWhen some 60 million people or 40 per cent of the country's population are considered to be living below the poverty line, one may get an idea of how agonizing the costs of living have become for such...

Actions relating to rivers

2010-11-26 00:00:00

PRACTICES in the past showed that the dredged silts were just left in large heaps on the rivers' banks to be washed back into the rivers. This is unacceptable nonsense and sheer waste. Therefore, in the upcoming dredging activities, planning...

People's right to know

2010-11-26 00:00:00

The unelected immediate past government in Bangladesh adopted a Right to Information Ordinance. It was a happy development that the elected government in Bangladesh that followed it, decided to retain the ordinance by passing legislation in parliament titled the Right...

Bangladesh storm into final

2010-11-26 00:00:00

Bangladesh stormed into the final of the 16th Asian Games Men's Twenty20 Cricket shocking former World Cup champions Sri Lanka by five wickets with 28 balls in hand in the 2nd semifinal at the Guanggong International Cricket Stadium in Guangzhou,...

Pakistan win gold after 20 years

2010-11-26 00:00:00

GUANGZHOU, Nov 25 (AFP): Fired-up Pakistan annexed the Asian Games men's hockey gold medal after 20 years with a convincing 2-0 win over Malaysia in the final Thursday.Veteran Sohail Abbas put Pakistan ahead with his team's first penalty corner in...

Late strikes give Sri Lanka the edge

2010-11-26 00:00:00

COLOMBO, Nov 25 (Cricinfo): A masterful 80 by Darren Bravo was all that stood in the way of Sri Lanka, as they closed out the third day of the second Test 222 runs ahead. Darren Bravo was assured as he...

Siddle hat-trick gives Australia control

2010-11-26 00:00:00

BRISBANE, Nov 25 (Cricinfo): Ashes history is littered with some extraordinary opening days and Brisbane produced another as Peter Siddle, a controversial selection for this match, gave himself a birthday to remember by claiming a hat-trick and a career-best 6...

Barcelona most popular team on Facebook

2010-11-26 00:00:00

MADRID, Nov 25 (AFP): FC Barcelona says it has attracted over seven million fans on Facebook, making it the most popular sports club on the social networking site ahead of Real Madrid and Manchester United. Real Madrid, the team's arch...

Beckham lands in Australia

2010-11-26 00:00:00

SYDNEY, Nov 25 (AFP): Football superstar David Beckham flew into Australia Thursday for an exhibition game with his team LA Galaxy, but minus his popstar wife Victoria who opted to stay at home. The former England captain said he was...

Serena Williams withdraws from Australian Open

2010-11-26 00:00:00

MELBOURNE, Nov 25 (AP): Australian Open officials say reigning champion Serena Williams has withdrawn from the season-opening tennis Grand Slam tournament due to a foot injury. Williams had surgery after cutting her foot on broken glass at a restaurant following...

China win 7th diving gold

2010-11-26 00:00:00

GUANGZHOU, Nov 25 (AFP): China claimed its seventh gold out of seven in Asian Games diving Thursday when 14-year-old Hu Yadan took the women's 10 metre platform title.Teammate Wang Hao claimed silver, while Malaysia's Rinong Pandelela won the bronze.The 1.45...

Germany to help set up EPZ

2010-11-26 00:00:00

FE ReportGermany showed interest to set up an export processing zone (EPZ) at a suitable place in Bangladesh.Commerce Minister Faruk Khan informed the reporters after a meeting with a 10 member German delegation led by Martin Biesel, state secretary of...

Bank Asia signs Tk. 2.50 billion fund raising agreement with IIDFC

2010-11-26 00:00:00

Bank Asia signed an agreement with facility arranger Industrial and Infrastructure Development Finance Company Ltd. (IIDFC) aiming to raise subordinated bond up to Tk. 2.50 billion, and thus strengthen the Bank's capital base.The bond will be in the form of...

Bangladesh Food Festival at Radisson begins

2010-11-26 00:00:00

FE ReportA six-day long Bangladesh Food Festival began at the "Water Garden Brasserie" of the luxury hotel Thursday."Radisson Water Garden Hotel Dhaka is committed to offer new and exciting experiences to the society. As a part of this commitment, the...

BIA against hartal

2010-11-26 00:00:00

FE ReportBangladesh Insurance Association (BIA), the apex body of private sector insurance companies has urged the political parties to find out an alternative to hartal so that economic growth can proceed smoothly in the country."Another hartal has been called on...

Asian stocks rise on US shopper hopes, dollar up

2010-11-26 00:00:00

HONG KONG, Nov 25 (Reuters): Asian stocks rose from 1-1/2-month lows Thursday, with buying focused in the tech and retail sectors on hopes for a busy US shopping season, though the falling Australian dollar was an indication of investors' reduced...

Oil hovers below $84 amid light holiday trading

2010-11-26 00:00:00

SINGAPORE, Nov 25 (AP): Oil prices hovered below $84 a barrel Thursday in Asia as a rally sparked by improving US economic indicators paused amid light holiday trading.Benchmark oil for January delivery was down 14 cents to $83.72 a barrel...

Strong demand for good

2010-11-26 00:00:00

FE ReportTea sale took place after a fortnightly break due to Eid holidays, which witnessed a strong demand particularly for good liquoring varieties. Blenders were very active along with some interest from the loose tea section.Good liquoring dusts had again...

India to start selling SAIL shares

2010-11-26 00:00:00

As part of its disinvestment policy, Indian government will start selling its share in Steel Authority of India Ltd (SAIL) from Thursday, according to Commodity Online. India planned to raise Rs 400 billion this fiscal year by selling stakes in...

Gold loses steam as euro, Korea worries ease

2010-11-26 00:00:00

SINGAPORE, Nov 25 (Commodity Online): Gold lost steam Thursday after the dollar recovered while Korean Peninsula tensions eased. Spot gold was seen trading at $1371.48 an ounce at 12.30 pm Singapore time while US gold futures was at $1372.64 an...

Sensex volatile, realty, banks, metals down

2010-11-26 00:00:00

MUMBAI, Nov 25 (Economic Times): Benchmarks were witnessing a volatile session on the settlement day of November F&O series. Realty and banks were under pressure following arrests made by CBI in multi-crore corporate loan scam. At 1 pm, Bombay Stock...

Aus barley output sends out mixed signals

2010-11-26 00:00:00

VICTORIA, Australia, Nov 25 (Commodity Online): With the past ten days giving out positive climatic conditions that would ripen the cereal and pulse crops in Victoria province of Australia, possible rains later this week has made crop forecast there in...

Rise in diesel vehicles to help platinum shine

2010-11-26 00:00:00

LONDON, Nov 25 (Commodity Online): Even as analysts are splitting the hair about the reason for platinum to perform slowly in this year despite a big show by palladium (60 per cent rise), the metal is showing no signs of...

India revises textiles export targets 9pc upward

2010-11-26 00:00:00

NEW DELHI, Nov 25 (Commodity Online): India's textile export targets have been revised 9 per cent upwards to $24.4 bn this fiscal year considering the sharp increase in outward shipments of textiles in recent months. Last fiscal, the total export...

Vasan eye care plans IPO in 2011

2010-11-26 00:00:00

CHENNAI, Nov 25 (Commodity Online): Seeking to earn Rs.8.0-10 billion through an initial public offer (IPO), slated next year, Chennai based vasan eye-care plans to invest Rs. 4.50 billion in various expansion projects. The company provides eye-care services to patients.The...

exchange rate

2010-11-26 00:00:00

November 25, 2010   The following were the commercial banks' rates to public for some selectedforeign currencies with Bangladesh Taka in cash transaction ThursdaySelling rates to public (outward remittance)BankUSDEuroGBPJPYCHFCADAUDSCBs Sonali Bank70.750094.7386111.76660.856071.403670.420769.4968Agrani Bank70.780094.9568112.14930.858071.387170.390969.3582FCBsStanChart69.9092.14109.670.8571.1369.0866.89HSBC 70.741597.1032114.13430.886271.845570.097270.0122Citibank naNANANANANANANABank of Ceylon70.840096.3149114.45700.883972.798371.017572.8802PCBsUttara Bank70.800095.6795112.52290.867471.263469.838969.6069AB Bank70.950096.1052113.08080.8681NANANABuying rates  from...

Brickfields getting ready for production

2010-11-26 00:00:00

A CorrespondentJHENIDAH, Nov 25: Preparations for manufacturing bricks for the coming season are going on in full swing in all the brick fields of the district.The brickfields are expected to produce over 70 million bricks worth Tk 4 billion in...

Low quality seeds mar tomato output

2010-11-26 00:00:00

Our CorrespondentRAJSHAHI, Nov 25: Agitated tomato farmers of various villages of Godagari Upazila of the district staged a demonstration and held a rally at Mohishalbari cattle hat premises Tuesday morning demanding compensation from Syngenta Company Limited for supplying them low...