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Dhaka stocks fall slightly

2010-10-15 00:00:00

FE ReportDhaka stocks fell slightly on moderate profit booking amid volatility Thursday, snapping the third straight session of record-breaking run.The market opened higher in the morning but tossed between negative and positive territories in the half way before closing lower...

Banks asked not to add service charge to interest on lending

2010-10-15 00:00:00

Siddique Islam The central bank has directed the commercial banks not to add any service charge to the interest on lending, officials said Thursday. "We've taken the latest move aiming to facilitate business activities across the country," a senior official...

Currency war risk threatens investment recovery: UN

2010-10-15 00:00:00

GENEVA, Oct 14 (Reuters): The growing danger of a currency war is threatening the recovery in global investment, the United Nations Conference on Trade and Development (UNCTAD) said on Thursday. Disputes between different countries about their exchange rates were adding...

Activities at Ctg port going on peacefully

2010-10-15 00:00:00

CHITTAGONG, Oct 14 (Agencies): Activities at the Chittagong Port has been going on peacefully in the presence of the army, officials said. The government was compelled to send in the military after all other attempts to bring order at the...

DO system for sugar, edible oil scrapped

2010-10-15 00:00:00

FE ReportSugar and edible oil manufacturers will not issue delivery order (DO) any more to the traders after one month to maintain price stability in the market.The government and businessmen Thursday at a meeting decided to scrap the DO system...

Benapole Port stalled as Indians take Puja break

2010-10-15 00:00:00

BENAPOLE, Oct 14: Import and export through Benapole Land Port is stopped as Indian side at Patrapole took a 4-day break from Wednesday to Saturday for Durga Puja. Benapole port sources quoting Indian Customs officials and C & F agents...

Unit 9 of Shahjibazar Power Plant shut

2010-10-15 00:00:00

HABIGANJ, Oct 14: Unit 9 104-megawatt Shahjibazar Power Plant here was shut down early Wednesday due to technical fault. The unit, which has a capacity to generate 35MW power and add to national grid, developed technical fault after Tuesday midnight....

RMG factory declared closed in Ashulia

2010-10-15 00:00:00

SAVAR, Oct 14: An Ashulia garments factory has been declared closed temporarily amid workers' agitation to meet their 11-point demands. The workers of Shahriar Fabrics demanded double over-time if worked over eight hours, no forced labour, no indiscriminate firing, daily...

Weather

2010-10-15 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 (Friday).Moderately heavy to...

Govt to appoint administrator for Jubok to recover depositors' money

2010-10-15 00:00:00

Nazmul AhsanThe government will soon appoint an administrator for Jubo Karmasangsthan Society (Jubok) to recover the money embezzled by the controversial lender and return it to the aggrieved depositors, official sources said.Jubok stole about Tk 14.40 billion of 0.16 million...

B'desh scientist discovers cause of cholera

2010-10-15 00:00:00

A Bangladeshi scientist has discovered how a harmless bacteria causes severe form of diarrhea known as cholera, reports UNB.Dr Shah M Faruque, Head of Molecular Genetics at ICDDR,B (International Centre for Diarrhoeal Diseases Research, Bangladesh) and his research team have...

Energy dev authority planned

2010-10-15 00:00:00

FHM Humayan KabirThe government plans to form a sustainable energy development authority to find out options for alternative energy use instead of fossil fuel and conventional biomass to ensure energy security in Bangladesh, officials said Thursday.Energy division officials said they...

UNCTAD tags ICT as tool to alleviate poverty

2010-10-15 00:00:00

FE Report Participants at a launching ceremony put emphasis on reducing poverty from Bangladesh tapping benefits of information and communications technologies (ICTs).They also said expansion of ICTs use is the primary pre-requisite for transforming Bangladesh into a digital country.They made...

BNP protest rally in city tomorrow

2010-10-15 00:00:00

BNP will hold a protest rally at Muktangan and bring out a procession tomorrow (Saturday) at 3pm, reports bdnews24.com. The main opposition's secretary general Khandaker Delwar Hossain announced the programme Thursday from a meeting convened to mourn the deaths of...

CNG station owners protest price-hike bid

2010-10-15 00:00:00

Owners of CNG refueling stations in a statement Thursday strongly protested the Petrobangla move to raise the CNG price by sending a proposal to the Bangladesh Energy Regulatory Commission (BERC), reports UNB."Without taking initiative to enhance gas production, a move...

VAT system needs overhauling to remove distortions

2010-10-15 00:00:00

FE ReportThe Value Added Tax (VAT) system needs overhauling to remove distortions that have made its implementation difficult, said Dr. Zahid Hossain, a senior specialist at the Asian Development Bank (ADB) mission in Bangladesh."Time has come to take a fresh...

Asia Securities re-launched

2010-10-15 00:00:00

FE ReportAsia Securities Limited was re-launched Thursday with a promise to strengthen its operation.The Dhaka Stock Exchange (DSE) President Shakil Rizvi formally inaugurated the re-launching of the brokerage house in the city.The DSE president said Asia Securities would comply with...

ECNEC activities to be digitalized soon

2010-10-15 00:00:00

The government is planning to digitalize the activities of the Executive Committee of the National Economic Council (ECNEC) within two years to expedite its work, save on costs and ensure transparency of different development projects, reports UNB.However, initially, the ECNEC...

Dissatisfaction in education sector

2010-10-14 00:00:00

We have seen two reports in the dailies that there are no primary schools in 131 villages in Kurigram district and 67 villages in Tangail district. The other districts of the country may have the same scenario. On the other...

A provocative comment

2010-10-14 00:00:00

BARRISTER Rafiqul Islam Mia, a standing committee member of the opposition BNP, recently claimed that there was no mention of the war of independence in the instrument of surrender and according to that document it was a war between India...

Asian stocks up after Fed's minutes

2010-10-14 00:00:00

TOKYO, Oct 13 (AP): Asian stock markets rose Wednesday as the minutes from the Federal Reserve's latest meeting signaled that the US central bank will soon act to boost growth.Investors also took heart from Intel Corp's better-than-expected earnings results, which...

Gold traders stay away as prices hit record

2010-10-14 00:00:00

MUMBAI, Oct 13 (Reuters): India gold traders stayed away from placing new deals Wednesday afternoon as prices hit another record high, however a strong rupee kept the upside limited, dealers said. "There are hardly any buyers today due to a...

Hybrid baby corn that changed the face of a village

2010-10-14 00:00:00

The development of HM 4 baby corn has changed the livelihood of a village in Haryana as for the farmers the cultivation of baby corn is more than winning daily bread and butter, Commodity Online report said. Baby corn plays...

Oil rises above $82 amid weaker US dollar

2010-10-14 00:00:00

SINGAPORE, Oct 13 (AP): Oil prices rose above $82 a barrel Wednesday in Asia as a weaker US dollar made crude cheaper for investors holding foreign currencies.Benchmark oil for November delivery was up 82 cents to $82.49 a barrel at...

Sensex rises by over 450 points on FII buying

2010-10-14 00:00:00

MUMBAI, Oct 13 (Agencies): Indian shares extended gains to two per cent Wednesday afternoon, on strong foreign fund interest and firm world markets. At 2:48 pm the 30-share BSE index was up 2.08 per cent at 20,633.70 points, with all...

China to resume soyoil imports from Argentina

2010-10-14 00:00:00

BEIJING, Oct 13 (Commodity Online): Unconfirmed reports said world's largest edible oil user China is all set to resume soyoil imports from Argentina, the world's largest supplier, after a six-month de facto ban. Terming the ban as political rather than...

shipping

2010-10-14 00:00:00

Chittagong PortBerthing positionOctober 14, 2010Berth No. NV                     Cargo     LC       LA           DA       Leaving I/DJ/2        Phuong Dong-2      Rice       Hochi   Uni Ship   29/09   18/10      --J/3        Lucky Pearl           Y.Peas   Vang    Asll          21/09   16/10      --J/4        Indian Express       GI          Z.Lian  Cosco       01/10   17/10      --J/5        Dong Binh            ...

shipping

2010-10-14 00:00:00

Chittagong PortBerthing positionOctober 14, 2010Berth No. NV                     Cargo     LC       LA           DA       Leaving I/DJ/2        Phuong Dong-2      Rice       Hochi   Uni Ship   29/09   18/10      --J/3        Lucky Pearl           Y.Peas   Vang    Asll          21/09   16/10      --J/4        Indian Express       GI          Z.Lian  Cosco       01/10   17/10      --J/5        Dong Binh            ...

exchange rate

2010-10-14 00:00:00

Gaibandha Fishermen given nets and boats

2010-10-14 00:00:00

Our CorrespondentGAIBANDHA, Oct 13: A total of 30 fishermen of Fulchhari Upazila in the district recived nets and boats worth TK 0.18 million from an organisation on Monday under PFP-Shiree project funded by GOB and DFID of UK.In cooperation with...