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Investment in savings tools marks sharp fall

2010-09-30 00:00:00

S M Jahangir Investment under the government savings instruments has marked a significant fall, thanks to the government's changed fiscal measures that also helped reduce its borrowing from the system.The revised fiscal measures, through which the government in the current...

PM back home

2010-09-30 00:00:00

Prime Minister Sheikh Hasina arrived in Dhaka Wednesday evening after attending the General Assembly of the United Nations in New York. The entire Airport Road faced severe traffic gridlock, as thousands of activists of Awami League, the party she heads,...

Biman crew held with Tk 25m foreign currencies

2010-09-30 00:00:00

A cabin crew of Bangladesh Biman was arrested after customs officials recovered foreign currencies worth Taka 25 million from her possession at Hazrat Shahjalal International Airport Wednesday morning. Customs officials said they challenged Kamrunnahar Tutul (32) due to her suspicious...

Overall imports grow by 36pc in two months

2010-09-30 00:00:00

Siddique Islam The country's overall imports grew by nearly 39 per cent in the first two months of the current fiscal, thanks to a jump by over 392 per cent increase in import of food grains, officials said Wednesday. "The...

The fault... is not in our stars

2010-09-30 00:00:00

Mahmudur Rahman"The fault, dear Brutus, is not in our stars, But in ourselves..."— William ShakespeareThere was a time when this scribe questioned a teacher about whether or not there was a deeper meaning to that what was written or said...

Tax fair ends today

2010-09-30 00:00:00

FE ReportThe five-day tax-fair ends today (Thursday) with the expiry of deadline for submission of individuals' tax returns.The National Board of Revenue (NBR) earlier extended the deadline for tax return once or twice but this year it has made it...

Yarn price to go down as India lifts export ban

2010-09-30 00:00:00

Sheikh Shahariar ZamanDomestic price of yarn is likely to come down in the coming months after India said it will lift export ban on cotton in November.India, which is the world's second biggest cotton grower, imposed the ban in April...

Outgoing CJ trampled constitution: AG

2010-09-30 00:00:00

In an unprecedented tirade, Attorney General Mahbubey Alam has accused outgoing chief justice Mohammad Fazlul Karim of trampling the constitution, reports bdnews24.com. "I cannot praise the chief justice, in accordance with the tradition, during his farewell as he violated the...

Jamaat leaders challenge ICT

2010-09-30 00:00:00

Five top leaders of Jamaat-e-Islami including its chief Matiur Rahman Nizami have filed separate petitions challenging the validity of the International Crimes Tribunal (ICT), reports bdnews24.com. The petitions were filed by defence lawyer Imran Siddique, on their behalf, at the...

Intra-party clash leaves one Sramik League man dead

2010-09-29 00:00:00

GAZIPUR, Sept 28 (UNB): Rival groups of Sramik League clashed over transportation of factory workers at Kalikoir leaving one dead and 10 injured Monday.Billal Hossain (50), Sramik League leader died on the spot and 10 others were injured when both...

BSF fire five shots on Satkhira border

2010-09-29 00:00:00

SATKHIRA, Sept 28 (UNB): Indian Border Security Force (BSF) members fired five gunshots on Shakhra border under Sadar Upazila early Tuesday.However, there was no report of casualty in the firing, which took place at about 5.00am.BDR sources said BSF members...

Speedy trial of war criminals demanded

2010-09-29 00:00:00

NETRAKONA, Sept 28 (BSS): A procession was brought out in the district town today under the auspices of Ghatok Dalal Nirmul Committee (GDNC) Netrakona district unit demanding speedy trial of war criminals.A large number of local people from all walks...

SEC to probe alleged insider trading

2010-09-29 00:00:00

FE ReportThe Securities and Exchange Commission (SEC) is investigating the alleged insider trading involving share selling of two listed companies at the Dhaka Stock Exchange (DSE). "We have received such allegations from a number of investors. The issue is now...

USD 10.987b earned as remittance in 2009-10 fiscal, Muhith tells JS

2010-09-29 00:00:00

Finance Minister Abul Maal Abdul Muhith Tuesday told the House that the country fetched over US dollar 10.987 billion as remittance in 2009-10 financial year, reports BSS.The remittance sent by the expatriates during the period was about US dollar 1.3...

BRAC Bank to enjoy Citycell Zoom Ultra

2010-09-29 00:00:00

BRAC Bank Limited will enjoy exclusive Zoom Ultra service from Citycell. This service will further be extended to all priority and selected Gold Card Holders of the bank.In this connection, a corporate agreement was signed between BRAC Bank and Citycell...

Branch manager confce of Pubali Bank held

2010-09-29 00:00:00

FE ReportThe second branch manager conference-2010 of Pubali Bank Ltd was held in the city recently.DMDs Khurshid-ul Alam, Safiul Alam Khan Chowdhury, general manager Mohiuddin Ahmed attended, among others.Deputy managing director (Admin) Khurshid-ul Alam in his speech asked the branch...

15 banks, 10 FIs identified as poor performers

2010-09-29 00:00:00

FE Report Bangladesh Bank (BB) has identified 15 commercial banks and 10 financial institutions as poor performing organisations in disbursement of loans to small and medium enterprises (SMEs). "We've identified the banks and non-banking financial institutions (NBFIs) with the help...

Packaging industries threatened to incur losses

2010-09-29 00:00:00

FE Report Business leaders told a meeting Sunday that all packaging industries will incur great losses if the 'Compulsory Use of Jute for Packaging Goods Bill-2010' is executed. The parliamentary standing committee on textiles and jute ministry organised the meeting...

BB sells US$24m to four commercial banks

2010-09-29 00:00:00

Siddique IslamThe central bank has started intervention in the foreign exchange market through selling the US dollar to the commercial banks more than one year back aiming to keep the market stable, officials said. As part of the intervention, the...

South Asia Ins to float IPO

2010-09-29 00:00:00

South Asia Insurance Company Ltd will float shares in the stock markets.A decision was taken in this regard at the 53rd board meeting of the company in the city recently, said a press release. Chairman of the company Ghulam Akbar...

India urged to lift ban on cotton export

2010-09-29 00:00:00

High price of yarn affecting the garments sector will be brought down to a reasonable level within a week in consultation with stakeholders, assured the Commerce Minister Faruk Khan Tuesday, reports UNB.Yarn price has sharply increased in the domestic market...

Azim re-elected president of All Community Club

2010-09-29 00:00:00

Md Shahidullah Azim, director of Bangladesh Garment Manufacturers and Exporters’ Association (BGMEA) and managing director of Classic Group, has been re-elected president of All Community Club Ltd for 2010-2012. The panel of Mr Azim has swept the election by securing...

IPO diary

2010-09-29 00:00:00

NameIFIL Islamic Mutual Fund-1Nature of the fundClose-end Mutual Fund of 10 (Ten) years tenureObjectiveThe objective of the Fund is to provide attractive dividend to the unit holders by investing the proceeds in the Capital Market and Money Market.Subscription OpenSeptember 26,...

Nikkei slips 1.0pc as H1 dividend deadline passes

2010-09-29 00:00:00

TOKYO, Sept 28 (Reuters): Japan's Nikkei average fell 1.1 per cent Tuesday, dropping as the deadline passed for investors to receive dividends on Tokyo stocks for the financial first half-year and as the yen held near its highest in almost...

Rio diamonds to splash across mainland China

2010-09-29 00:00:00

SHANGHAI, Sept 28 (Commodity Online): Rio Tinto, one of the world's leading mining and exploration companies, is taking new initiatives to launch varioius diamond products across mainland China. Rio Tinto's diamonds from its Argyle Diamond Mine in western Australia have...

Gold, silver retreat on strong dollar

2010-09-29 00:00:00

SINGAPORE, Sept 28 (Commodity Online): Gold prices retreated marginally in Asian trade Tuesday mainly after the dollar strengthened while silver also eased from a 30-year high. Spot gold was seen trading at $ 1291.88 an ounce at 12.00 noon Singapore...

Oil dips on renewed economic worries

2010-09-29 00:00:00

SINGAPORE, Sept 28 (Commodity Online): Global oil prices edged lower in Asian trade Tuesday mainly after economic concerns resurfaced due to Eurozone banking worries. Light sweet crude for November delivery was seen trading at $76.25 a barrel at 12.00 noon...

India’s spice exports up 19pc in April-August

2010-09-29 00:00:00

NEW DELHI, Sept 28 (PTI): India's spice exports have gone up by 19 per cent in the April-August period of the current fiscal to Rs 26 billion over the same period last fiscal on an increased demand.The country had shipped...

Cardamom futures fall by 1.94pc on profit-taking

2010-09-29 00:00:00

NEW DELHI, Sept 28 (PTI): Cardamom prices fell by Rs 20.20, to Rs 1,023 per kg in futures trade today, as speculators booked profits, triggered by subdued demand in spot markets.Adequate stocks at spot markets following increased arrivals from the...

exchange rate

2010-09-29 00:00:00