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Stock market 'slightly volatile', not 'overheated': Muhith

2010-10-25 00:00:00

FE ReportFinance Minister AMA Muhith described Sunday the current state of the country's stock market as "slightly volatile" and claimed that the market was not "overheated". Muhith maintained that inflow of black money coupled with savers' funds with banks was...

Govt to shoulder around 40pc cost of expressway project

2010-10-25 00:00:00

Munima SultanaThe government plans to shoulder less than 40 per cent cost of the billion- dollar Dhaka elevated expressway to make the first-ever public-private partnership (PPP) project attractive to bidders.The Bangladesh Bridge Authority (BBA), the executing agency of the mega...

Case filed against 3,000 for vandalism, arson

2010-10-25 00:00:00

A victim of the Rupganj clash between locals and law enforcers has succumbed to his injuries, reports bdnews24.com. Mostofa Jamal, 26, died around 9am Sunday. He sustained critical bullet wounds during the clash Saturday. According Saturday's reports, 10 people were...

Dhaka stocks' record-breaking rally continues

2010-10-25 00:00:00

FE ReportDhaka stocks soared one per cent Sunday, leading the benchmark index to hit nearly 7700-mark for the first time amid expectation of positive third quarter earnings.The gain was led by fuel and power, non-banking financial institutions (NBFIs), textile, and...

Talks fail, CNG pumps' strike from Nov 1

2010-10-25 00:00:00

FE ReportOwners of CNG refuelling stations will go on nationwide shutdown from November 1 as their meeting with the authorities Sunday failed to reach any agreement.As a result, the non-stop strike at the CNG refueling stations across the country, which...

Cabinet body okays awarding Bibiyana plant to Summit

2010-10-25 00:00:00

FE ReportThe cabinet committee on government purchase Sunday approved awarding of Bibiyana 300-450 megawatt (mw) gas-fired combined cycle power plant to the largest local power giant Summit."The Bibiyana power plant has been sanctioned in favour of the local Summit," Finance...

WB to provide Tk 21b to set up food godowns

2010-10-25 00:00:00

The World Bank (WB) will provide Bangladesh Tk 21 billion to set up modern food godowns. The assurance came from a meeting when a high-level WB representative called on Food and Disaster Management Minister Abdur Razzaque at his office Sunday....

3 brothers die from burn injuries

2010-10-25 00:00:00

NARAYANGANJ, Oct 24: Three brothers injured in an explosion occurred at a house in Narayanganj's Fatulla area last week have died. Fatulla Model police chief Jiban Kanti Shaha said they died in Dhaka Medical College Hospital (DMCH) burns unit Sunday...

Workers' wages at EPZs up by 60pc

2010-10-25 00:00:00

FE Report Export zones regulator BEPZA has raised minimum wages for employees of industrial units located in eight industrial parks by nearly 60 per cent.The wages hike by Bangladesh Export Processing Zones Authority came after a gap of 21 years....

Govt to appoint consultant for deep sea port design

2010-10-25 00:00:00

FE ReportThe government is going to appoint a consultant to design the planned deep sea port at Sonadia to cater to the needs of growing demand for trade.The project will be completed in three phases and the consultant will be...

Faruk, Pranab talk matters of mutual interest

2010-10-25 00:00:00

NEW DELHI, Oct 24 (BSS): Commerce Minister Muhammad Faruk Khan, MP, today made a courtesy call on Indian Finance Minister Pranab Mukherjee at his residence here.During the meeting, they discussed matters of mutual interest including the strengthening of trade ties...

Equipment shortage cripples Ctg Port, say operators

2010-10-25 00:00:00

Our CorrespondentCHITTAGONG, October 24: As ships' stay-time in Chittagong Port has reduced to three days, berth operators and port users today have urged the authority to address the shortage of port handling equipment."We request the port authority to provide us...

Growers demand quality jute seeds, facility for retting

2010-10-25 00:00:00

FE ReportJute farmers at a meeting held in the city Sunday demanded supply of high quality seeds, water for jute cultivation and retting of the fibre, ban on import of low quality seeds and more jute purchasing centres.Syed Ahmed, a...

Mechanism to check capital gain tax evasion discussed

2010-10-25 00:00:00

FE ReportLeaders of the bourses, market regulator and tax collectors held a talk Sunday to devise mechanism to check evasion of capital gain tax slapped on placement shareholders.They have discussed the role of the Securities and Exchange Commission (SEC), Dhaka...

Weather

2010-10-25 00:00:00

Light to moderate rain or thundershowers accompanied by temporary gusty or squally wind is likely to occur at many places over Dhaka, Rajshahi, Barishal, Chittagong and Sylhet divisions and at a few places over Khulna division today (Monday).Weather may remain...

StanChart re-launches major consumer products

2010-10-25 00:00:00

FE ReportStandard Chartered Bangladesh, one of the leading foreign banks in the country, re-launched its major consumer banking products Sunday in a city hotel to cater to the rising demand of enhanced banking service from its high net worth customers.StanChart...

Pubali Bank opens 387th branch

2010-10-25 00:00:00

Pubali Bank Limited inaugurated its 387th branch at Navarabazar, Jessore Saturday.Governor of Bangladesh Bank Dr. Atiur Rahman formally inaugurated the branch as chief guest. PBL's Vice-Chairman & Director Habibur Rahman, Directors' Sk. Wahidur Rahman, Ahmed Shafi Chowdhury, Kabiruzzaman Yakub &...

Pubali Bank opens 387th branch

2010-10-25 00:00:00

Pubali Bank Limited inaugurated its 387th branch at Navarabazar, Jessore Saturday.Governor of Bangladesh Bank Dr. Atiur Rahman formally inaugurated the branch as chief guest. PBL's Vice-Chairman & Director Habibur Rahman, Directors' Sk. Wahidur Rahman, Ahmed Shafi Chowdhury, Kabiruzzaman Yakub &...

Bangladesh needs port development to stay competitve in global business

2010-10-24 00:00:00

Tyron DevottaI was on a trip to Dhaka recently with a team of prospective investors and something I learnt there, was that Bangladesh was a country with a great deal of potential for growth and investment, but with one major...

No free judiciary, no democracy

2010-10-24 00:00:00

Shamsher ChowdhuryOF all the cardinal institutions vital to democracy, the judiciary has a very crucial role to play. Of late, we come across news and views about the functioning of our judiciary which are not palatable. There are several factors...

Black spots: Most accident-prone areas

2010-10-24 00:00:00

Ripan Kumar BiswasDrivers are blinded by the sunlight as it hits their windshield. But there is also “veiled glare,” which is indirect sunlight that comes in at an angle, or reflects off glass towers and other cars. While there are...

Luring more companies to go public

2010-10-24 00:00:00

All concerned -- investors, securities regulator, the management of the bourses, experts and policymakers -- are convinced that the stock market is overheated and sporadic measures taken by the regulator has failed to rein in the bull that has been...

Energy crunch and plan to raise power tariff again

2010-10-24 00:00:00

Shahiduzzaman KhanBANGLADESH'S annual economic losses out of the perennial energy shortfall is US$16.6 billion, around 16.6 per cent of the $100 billion gross domestic product (GDP), according to a study conducted by a Bangladesh University of Engineering and Technology (BUET)...

Coping with diarrhoea outbreak

2010-10-24 00:00:00

Mamum AshrafSUMMER is lingering in the country. The extreme heat, as has been experienced in the recent days, usually causes a diarrhoea epidemic of sorts in Dhaka city. Under such a situation, the main hospital for diarrhoea treatment, ICCDDRB, is...

Tax on saving certificates hurts small savers most

2010-10-24 00:00:00

PENSIONERS, retired civil servants, housewives and others do largely depend on their investments into national savings certificates for some modest earnings. But they have been done much injustice from the recent decision of the government to slash the rate of...

Should we honour or pamper the cricket heroes ?

2010-10-24 00:00:00

In the Prime Minister's reception for the triumphant cricketers, it was declared that each member of the national team would be given a plot of land and a car in Dhaka. They were also promised lavish benefits on retirement.This writer...

Sunday

2010-10-24 00:00:00

BTVam07:00 Announcement, The Holy Quran, The Holy Tripitak Paath and Programme Outline 07:20 Geet Mallay07:45 Chir Shilper Bari08:00 Sakaler Sangbad08:30 Maati-O-Manush08:55 Sangbad Shironam09:00 Docu- Fire Dekha09:10 Baithok Khana09:35 Mone Pore10:00 News10:05 Muktijuddha Pratidin10:30 Sustho thakun11:05 Progotir Pathe11:30 Natun Sure Natun...

Nikkei inches up, supported by earnings, eyes on G20

2010-10-24 00:00:00

TOKYO, Oct 23 (Reuters): Japan's Nikkei rose 0.5 per cent Friday in a rebound after two days of losses, but investors were wary of pushing the market higher before seeing the outcome of a Group of Twenty (G20) meeting and...

Oil recovers, gold slips to two weeks low in NY

2010-10-24 00:00:00

NEW YORK, Oct 23 (Commodity Online): Global oil prices managed to finish the week on a high note while the bullion fell to its lowest in two weeks Friday. Light sweet crude for December closed $1.13 higher at $81.69 a...

Australia, S’pore stock exchanges plan merger

2010-10-24 00:00:00

SYDNEY, Oct 23 (AFP): Singapore's stock exchange is preparing to launch a takeover of its Australian counterpart to form a 14-billion-dollar (13.8 billion US) alliance, a report said Saturday.The Singapore Exchange is expected to announce a 6-billion-dollar takeover bid for...