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HC verdict on AIMS 1st Mutual Fund case Oct 5

2010-10-01 00:00:00

FE ReportThe High Court (HC) will deliver its verdict on the writ petition of AIMS First Mutual Fund on October 5 next, lawyers said.On the other hand, the hearing on the SEC's (Securities and Exchange Commission) appeal against the HC's...

Dell to make long-term investment in Bangladesh

2010-10-01 00:00:00

Dell Incorporation, one of the leading technology companies in the world, thinks that Bangladesh is one of the key growth economies in Asia, where Dell would like to make long-term investment, reports BSS.Addressing a 'Meet the Press' programme at a...

BAT Bangladesh joins hands with IBA

2010-10-01 00:00:00

FE ReportBritish American Tobacco Bangladesh has joined hands with IBA (Institute of Business Administration), Dhaka University, country's top business school to contribute to developing talents in the country. As part of the initiative, BAT Bangladesh has supported IBA's efforts to...

WB withdraws commitment fee on loans not released in FY09

2010-10-01 00:00:00

The World Bank (WB) has withdrawn commitment charges on loans approved, but not yet released in the fiscal 2008-09, following a request by the government, reports UNB. However, the multilateral lending agency will not withdraw such charges on loans that...

GP to instal solar panels

2010-10-01 00:00:00

Mashiur RahamanThe country's largest telecom operator Grameenphone Ltd is going to instal environment-friendly solar panels, replacing diesel generator, to power its 140 off-grid base stations in the country's remote corners.As the first telecommunication company in Bangladesh to deploy solar power...

More cars running on petrol now

2010-10-01 00:00:00

FE ReportMore and more cars are now running on petrol as CNG filling stations remain shut for six hours due to short supply of the natural gas, officials said Tuesday.The petrol pump owners said their daily sale has increased by...

OMEGA eggs hit market

2010-10-01 00:00:00

FE ReportPURNAVA Limited, a manufacturer of non-medicated healthcare products, has introduced OMEGA-3 or O3 eggs this month to add value to the country's nutrition deficiency.Flaxseed, linseed and fish oils have enriched such egg, common in developed countries but it is...

Minister for spl body to resolve problems with bid-winners

2010-10-01 00:00:00

Munima SultanaThe communications minister directed the RHD Wednesday to form a special committee to suggest the government possible ways to resolve unexpected problems with the bid-winners while implementing the important projects like Dhaka-Chittagong four-lane highway.The directive came after the Roads...

DBBL provides on-line banking facilities to clients of Munshiganj

2010-10-01 00:00:00

FE ReportFrom now on, the clients of Munshiganj will get on-line banking facilities from Dutch Bangla Bank Limited (DBBL).In this connection, the 86th branch of DBBL was opened at Dewan Plaza, 67/6, Bazar Road in Munshiganj Wednesday, according to a...

IPO diary

2010-10-01 00:00:00

NamePHP First Mutual FundNature of the fundClosed-end Mutual Fund with tenure of ten yearsObjectiveThe objective of the Fund is to provide attractive dividend to the unit holders by investing the proceeds in the various instruments in the Bangladeshi Capital Market...

US, EU diplomats strive to save ME peace talks

2010-10-01 00:00:00

RAMALLAH, Sept 30 (AFP): US envoy George Mitchell was holding crucial talks with Palestinian leader Mahmud Abbas Thursday in an effort to keep peace negotiations with Israel from collapsing.Mitchell hopes to persuade Abbas to persist with negotiations despite Israel's refusal,...

US sanctions top Iranian officials for rights abuses

2010-10-01 00:00:00

WASHINGTON, Sept 30 (AFP): US President Barack Obama Wednesday ordered sanctions against eight senior Iranian officials for alleged human rights abuses over the crackdown against those protesting the 2009 elections.In the first sanctions against Iran for alleged rights abuses, Obama...

Pakistan halts NATO supplies to Afghanistan

2010-10-01 00:00:00

PESHAWAR, Sept 30 (AFP): Pakistan shut down the main land route for NATO supplies into Afghanistan Thursday after officials accused NATO of killing Pakistani troops in the fourth cross-border attack this week.NATO and the Pakistani government said they were investigating...

Lanka president confirms 30 months jail for ex-army chief

2010-10-01 00:00:00

COLOMBO, Sept 30 (AFP): Sri Lanka's president has confirmed the 30-month jail term imposed on former army chief Sarath Fonseka following his conviction by a military court, an official said Thursday.President Mahinda Rajapakse approved the prison sentence for a period...

Afghan opium output drops 50pc: UN

2010-10-01 00:00:00

KABUL, Sept 30 (AFP): Opium output in Afghanistan, the world's biggest producer of the drug, has dropped by almost a half this year due to a crop disease but its value has soared, a UN report said Thursday.Afghanistan has produced...

Myanmar to free Suu Kyi days after election

2010-10-01 00:00:00

YANGON, Sept 30 (AFP): Democracy icon Aung San Suu Kyi will be released just days after Myanmar's first election in two decades, officials said Thursday.The Nobel Peace laureate, who has been detained for most of the last twenty years since...

Suicide attack on NATO convoy kills 3 in Afghanistan

2010-10-01 00:00:00

KABUL, Sept 30 (AP): A suicide attack on a NATO convoy killed three civilians and wounded nine others Thursday near the airport in the Taliban heartland of Kandahar, in southern Afghanistan, a local official said.The suicide attacker detonated explosives while...

Asian stocks down on Europe's debt worries

2010-10-01 00:00:00

TOKYO, Sept 30 (AP): Asian stock markets fell Thursday as massive street protests across Europe against austerity measures raised concern over the region's ability to slash debt.Japan's benchmark Nikkei 225 stock average slipped 64.71 points, or 0.7 per cent, to...

Gold eases from record high on profit-taking

2010-10-01 00:00:00

SINGAPORE, Sept 30 (Commodity Online): Gold prices eased in Asian trade Thursday, after touching an all time high of $1313.45, mainly on profit taking by investors from record prices. Gold for immediate delivery was seen trading at $1308.19 an ounce...

Oil hovers near $78 as US stockpiles tumble

2010-10-01 00:00:00

SINGAPORE, sept 30 (Commodity Online): World oil prices hovered near $78 a barrel mark in Asian trade Thursday after reports of decline in US crude stockpiles amid weak dollar. Light sweet crude for November delivery was seen trading at $77.87...

Govt raises onion MEP for Oct

2010-10-01 00:00:00

NEW DELHI(PTI): The government has raised the minimum export price (MEP) for onions by $75 to $425 a tonne for October, the third straight month in a row, to discourage overseas shipments and tame domestic prices."The minimum export price of...

Flood-hit Pakistan to launch wheat, cotton, sugar futures

2010-10-01 00:00:00

ISLAMABAD, Sept 30 (Commodity Online): After the debacle caused by floods, Pakistan is desperately looking for foreign investment in its agriculture sector and plans introducing futures contracts in cotton, wheat, sugar and corn. According to country's only commodities exchange, the...

Markets trade lower, oil & gas weighs

2010-10-01 00:00:00

MUMBAI, Sept 30 (Business Standard): Markets are trading marginally lower on back of selling pressure in oil & gas stocks. The Sensex is trading lower by 69 points at 19,891 and the Nifty is also trading lower by 22 points...

shipping

2010-10-01 00:00:00

Chittagong PortBerthing positionAugust 1, 2010Berth No. NV                     Cargo     LC       LA           DA       Leaving I/DJ/2        Lanka Muditha       Log        Yang    Brothers   15/09   01/10 1052J/3        MU San                  Rice       Kohsi   Litmond   15/09   02/10 1138J/4        Ismar                     GI          H.Pier  Litmond   06/09   05/10 2048J/5        Seruwila                  Rice       Col       Seacom   ...

exchange rate

2010-10-01 00:00:00

Cultivation of popular rice varieties starts in Gaibandha

2010-10-01 00:00:00

Our correspondentGAIBANDHA, Sept 30: With the recession of flood waters, the farmers have started cultivation of local variety T-Aman Ganzia and Nazirshal paddy on the char land including low lying areas of the district during the current season to get.Official...

Comilla inhabitants deprived of civic amenities

2010-10-01 00:00:00

A CorrespondentCOMILLA, Sept 30: As the population of Comilla municipality is increasing day by day, the municipal authorities are failing to provide basic civic amenities to them. Established in 1876, Comilla municipality with 0.25 million population was upgraded into "A"...

Workshop on shrimp farming in Khulna

2010-10-01 00:00:00

SATKHIRA, Sept 30 (UNB): Consignment of our exported shrimp is returned to the country frequently due to mixing of harmful chemical elements.Production of safe shrimp at hatchery, farm and depot level is being hampered due to use of harmful elements....

Huge adulterated coconut oil seized

2010-10-01 00:00:00

BAGERHAT, Sept 30 (UNB): A joint team of RAB, BSTI and armed police in a special drive seized 325 containers of adulterated coconut oil and sealed off a godown at Jatrapur bazaar in Sadar upazila early Wednesday.RAB-6 sources said on...

UCEP tech school opens at Gazipur

2010-10-01 00:00:00

A CorrespondentGAZIPUR, Sept 30: Inauguration of Underprivileged Children's Educational Programs UCEP technical school was held at Gazipur today at 10am. Chris Austin, Country Representative of Department of International Development (DFID) Bangladesh praised the role of UCEP in developing the underprivileged...