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SEC won't receive letter sans sign of CEO or MD

2010-11-10 00:00:00

FE ReportThe SEC said from now on it will not receive any letter sent by stock brokers and merchant banks unless the letter bears signature of the company CEO or MD.The Securities and Exchange Commission (SEC) Sunday informed the stock...

EU to provide aid for training food inspectors

2010-11-10 00:00:00

FE ReportEuropean Union (EU) will provide Bangladesh with two million US dollars as technical support for training purpose of food inspectors to enhance food safety by strengthening and developing food control capacity.Inaugurating a two-day workshop on 'Building a Food Safety...

Govt committed to strengthening BAPEX, says Energy Adviser

2010-11-10 00:00:00

FE ReportThe government is committed to strengthening the BAPEX (Bangladesh Petroleum Exploration & Production Company Limited) through increasing its activities, said Energy Adviser Tawfiq-e-Elahi Chowdhury Tuesday. Elahi said BAPEX got allocation of Tk 17 billion against 13 projects for the...

Short selling of stocks: Pros and cons

2010-11-09 00:00:00

AFM Mainul AhsanWhen you are optimistic about a particular share and buy that share to sale for a higher price, you are taking a "long" position on that share. For instance, you think that fundamentals of Titas gas are pretty...

When trust in the judiciary gets tenuous

2010-11-09 00:00:00

Maswood Alam Khan from Maryland, USAIn the early 1960s when I was a kid attending primary level classes in Annada Model Multilateral High School in Brahmanbaria one neighbour was always intriguing to me: an elderly man who used to go...

Lessons to learn

2010-11-09 00:00:00

ACTIVISTS agitating for the protection of the country's gas, oil and mineral resources have consistently shown a lack of confidence in the multinational companies (MNCs) that have been operating here, and not without reason. The manner in which the US...

Credibility of Myanmar elections

2010-11-09 00:00:00

Zaglul Ahmed ChowdhuryMyanmar, the south east Asian nation, has finally staged an election after two decades amidst deep skepticism about fairness of the balloting. But the main question that revolves round the polls is whether the results would be acceptable...

Discrimination on grounds of race, colour and disabilities is wrong

2010-11-09 00:00:00

Iftu Ahmed Adolf Hitler wrote that the Germans were the highest race on earth. They would stay pure by avoiding marriage to Jewish and Slavs and thus German children would be the image of the Lord and not monstrosities halfway...

Save Dhaka from becoming another Haiti

2010-11-09 00:00:00

Dhaka, the 9th most populated capital city in the world, is beset with chronic problems of electricity and loadshedding, water supply and sewerage, gas supply, garbage disposal, pollution, indiscriminate parking of vehicles, street hawkers and vendors, public transport system, and...

Road built for self destruction

2010-11-09 00:00:00

Recently Gulshan Municipality removed the 100-meter damaged portion of Road No. 8 in Gulshan 1 and rebuilt. The top layer was of 2 to 30 inch thick concrete, done throughout the day on 30th October. However no arrangements was made...

Saying 'yes' to positives

2010-11-09 00:00:00

Digital Bangladesh is indeed a name of a dream. To implement the dream, the present government has already taken an initiative to build Bangladesh as a digital country. The government has recently launched online-based academic activities, mobile-based rail tickets service,...

Obama, Singh term US-India ties century's defining partnership

2010-11-09 00:00:00

Washington and Delhi's relationship will be one of the century's defining partnerships, US President Barack Obama and Indian PM Manmohan Singh say, reports BBC.On a visit to Delhi, Mr Obama said India was a world power, and both countries could...

Western states dismiss Burma's election

2010-11-09 00:00:00

Western powers have dismissed Burma's first general election for two decades, describing it as neither free nor fair, reports BBC.US President Barack Obama said Sunday's poll had not met "internationally accepted standards". EU governments have also criticised the election.Early official...

Car bomb hits Karbala,10 killed

2010-11-09 00:00:00

A car bomb has exploded in the city of Karbala in central Iraq, killing at least 10 people and wounding dozens more, officials say, reports BBC.Police said the target for the blast was a bus carrying Iranian pilgrims. Karbala is...

Naxals protest Obama visit, blow up school

2010-11-09 00:00:00

BHUBANESWAR, Nov 8 (OneIndia News): After the Maoists blew up railway track at Patna, they now targeted school building in Orissa to protest against US President Barack Obama's India visit, police said.As far as immediate reports there was no casualties...

Azerbaijan's ruling party wins strong majority

2010-11-09 00:00:00

BAKU, Nov 8 (AFP): Azerbaijan's ruling party won a strong majority in a parliamentary vote Sunday, near complete results showed, cementing President Ilham Aliyev's grip on power after an election critics denounced as a charade. With votes from more than...

Kim's son is now North Korea's number two

2010-11-09 00:00:00

SEOUL, Nov 8 (AFP): The heir apparent to Kim Jong-Il has been officially recognised as number two in North Korea's political system after his name was listed next to the leader for the first time, analysts said Monday.State media Sunday...

Pakistan drone attacks kill 13

2010-11-09 00:00:00

Two separate attacks carried out by suspected drones have killed at least 13 militants in north-west Pakistan, local officials said, reports BBC.The missiles struck an hour apart near the town of Miran Shah in the North Waziristan tribal region SundayThe...

news digest

2010-11-09 00:00:00

Boy killed by wild elephant in Vietnam HANOI, Nov 8: A 14-year-old boy was trampled to death by a wild elephant in southern Vietnam, a local official said on Monday. The boy was travelling to a jungle fishing area in...

Asian shares mixed as traders cash in gains

2010-11-09 00:00:00

HONG KONG, Nov 8 (AFP): Asian stocks were mixed today as profit-taking tempered positive sentiment generated by upbeat US jobs data and the Federal Reserve's stimulus plans. Traders in Sydney generally sold off Qantas shares after the flag-carrier said it...

WB chief calls for gold to anchor forex movements

2010-11-09 00:00:00

SINGAPORE, Nov 8 (AFP): World Bank (WB) president Robert Zoellick has called on bickering G20 nations to bring gold back into the global monetary system as an anchor to guide currency movements. Ahead of a G20 summit this week in...

Oil hovers near $87 in Asia after jobs report

2010-11-09 00:00:00

LONDON, Nov 8 (AP): Oil hovered near $87 a barrel Monday in Asia after a jump in new U.S. jobs suggested demand for crude could improve.Benchmark oil for December delivery was up 10 cents at $86.95 a barrel at late...

Shell to sell 10pc stake in Woodside for $3.35b

2010-11-09 00:00:00

LONDON, Nov 8 (Bloomberg): Royal Dutch Shell Plc, Europe's largest oil company, is selling a 10 per cent stake in Woodside Petroleum Ltd. for $3.35 billion, freeing up funds to support a six-fold increase in its Australian natural gas production....

Indian can be model for world for food security: Obama

2010-11-09 00:00:00

MUMBAI, Nov 8 (PTI): US President Barack Obama yesterday evinced interest in furthering cooperation in the field of agriculture, saying India can be a model the world that strives for food security. The collaboration between the two countries also contributed...

shipping

2010-11-09 00:00:00

Chittagong PortBerthing positionNovember 9, 2010Berth No. NV                   Cargo       LC       LA           DA     Leaving   I/DJ/2        Phoenix Ace        Vehicle   Kochi     Everett    04/11 08/11   1795J/3        Jin Niu Ling         Gi           Sing        Jac           29/10 11/11   --J/4        Hua Ming             Gi           Busan     Barwil Qc 14/10 10/11   2220J/5        Costis                  ...

exchange rate

2010-11-09 00:00:00

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 Bank70.750099.1115114.29870.880173.713270.898171.8788Agrani Bank70.780099.4089114.72570.882073.650070.958171.7294FCBsStanChart69.9092.14109.670.8571.1369.0866.89HSBC 70.9657101.1646115.67400.912172.599270.081070.5935Citibank naNANANANANANANABank of Ceylon70.8400100.7566117.21270.910175.209771.591775.2746PCBsUttara Bank70.8000100.2596115.13220.887573.808071.124272.1523AB Bank70.9000101.1699116.08450.8906NANANABuying rates  from public (inward remittance)SCBsUSDEuroGBPJPYCHFCADAUDSonali Bank69.800096.7939112.17360.850671.925269.208870.1733Agrani...

Ornamenting future with chumki

2010-11-09 00:00:00

RANGPUR, Nov 8 (BSS): As many as 70 families have achieved economic self- reliance in the Chandkuthi Danga area in Badarganj Upazila town of the district by ornamenting sarees with Chumki (spangle).During the leisure of work and study, housewives and...

Pabna sugarcane farmers demand increased price

2010-11-09 00:00:00

Our CorrespondentPABNA, Nov 8: The sugarcane farmers formed a human chain on the Abdul Hamid road in Pabna district town Saturday demanding the increased price of sugarcane. The farmers also demanded loan on easy terms for cultivating the crops.Over 100...

Pak HC visits Pabna

2010-11-09 00:00:00

The Pakistani High Commissioner Asraf Quareshi said that the blind and disabled people could perform very well in the society if they were trained up properly. He was speaking in a function organised by Manab Kallayan Trust, an institution for...

Parbatipur-Chilahati rly section in bad shape

2010-11-09 00:00:00

Our CorrespondentNILPHAMARI, Nov 8: Out of nine railway stations in Parbatipur-Chilahati railway section there are only four station masters in syedpur, Nilphamari, Domar and Chilahati stations but there none in the rest five railway stations. While station master of Nilphamari...