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Victorious Bangladesh team showered with gifts

2010-10-21 00:00:00

Bangladesh's national cricketers have been showered with gifts including new cars and plots of land in the smartest part of the capital Dhaka after the team's home series victory over New Zealand, reports AFP.Prime Minister Sheikh Hasina hosted a reception...

Suspended Pak trio barred from academy

2010-10-21 00:00:00

LAHORE, Pakistan, Oct 20 (AFP): Three Pakistani cricketers suspended over allegations of spot-fixing have been barred from practising at the national academy until investigations are complete, an official said Wednesday.Former Test captain Salman Butt and bowlers Mohammad Asif and Mohammad...

Rupali Bank to focus more on SME, agri loans

2010-10-21 00:00:00

FE Report The policymakers of Rupali Bank Ltd (RBL) Wednesday emphasised focusing more on SME and agriculture loans and starting drive to recover default loans to make the bank profitable.They said these at a programme titled 'Business progress 2010 of...

Revival of Southern Silk route to spur economic growth

2010-10-21 00:00:00

FE ReportInternational Chamber of Commerce-Bangladesh (ICCB) has emphasized the need for re-establishing the Southern Silk Route with China through Myanmar to harness the economic benefit of connectivity."Bangladesh could become the commercial hub of the region through re-establishing the route with...

Country's products have huge export potential in S African nations

2010-10-21 00:00:00

Monira MunniBangladeshi products have huge export potential in South African countries which have long been untapped thanks to lack of export strategies from the successive governments, observed a government delegation.The delegation, led by Foreign Secretary Mijarul Kayes, visited four African...

SEBL workshop on prevention of fraud

2010-10-21 00:00:00

FE Report A day-long workshop on 'Prevention of Fraud, Forgery and Malpractices in Banking Transactions' organised by Southeast Bank Limited (SEBL) was held at its training institute in the city recently, said a press release. SEBL Managing Director Mahbubul Alam...

Meghna Petro buys 20pc more stakes in Salatin

2010-10-21 00:00:00

FE ReportMeghna Petroleum Ltd, a state owned oil marketing firm, has snapped up additional 20 per cent stake in Salatin Syndicate Ltd.After buying 20 per cent or 1000 shares, its holdings stood at 4500 out of total 5000 shares. Four...

Cold storage owners seek 20pc cash incentive for potato export

2010-10-21 00:00:00

FE ReportBangladesh Cold Storage Association (BCSA) leaders urged the government to give 20 per cent cash incentive for sustaining potato export and ensure uninterrupted power supply to warehouses to protect potatoes from rotting.They also called upon the government to make...

Huawei files petition against Warid for $100m liabilities

2010-10-21 00:00:00

"Huawei International Pte Limited and Huawei Technologies Pakistan Pvt Limited recently instituted three petitions in the Lahore High Court, Rawalpindi Bench, for the winding up of Warid Telecom (Pvt.) Ltd, said Pro Pakistani, a telecom and IT news portal of...

Waziullah new BCI president

2010-10-21 00:00:00

FE Report ATM Waziullah -- chairman of Kobeda Group of Companies, past president of DCCI, past director of FBCCI and Agrani Bank Limited -- has been elected president of Bangladesh Chamber of Industries (BCI) for the two-year term (2010-12).Md Shamsur...

IPO diary

2010-10-21 00:00:00

Deshbandhu Polymer Limited  Nature of BusinessThe principal activities and operations of the Company are manufacturing and marketing of PP woven bags and liner.Subscription OpenOctober 24, 2010Subscription CloseOctober 28, 2010For Non-Resident BangladeshiOctober 24, 2010 to November 06, 2010Use of IPO ProceedsNet...

Asian stocks cut losses as China shock wears off

2010-10-21 00:00:00

SINGAPORE, Oct 20 (Reuters): Asian stocks pared early losses Wednesday as markets recovered from an initial shock to China's first rate rise in nearly three years that had investors fretting it may be embarking on a policy tightening cycle.European shares...

Markets remain in red

2010-10-21 00:00:00

MUMBAI, Oct 20 (Business Standard): Markets continue to languish in afternoon trades, albeit off the day's lows. The Sensex is now down 17 points at 19,965. Nifty is down 16 points at 6,010.The Nifty had touched a low of 5,987...

Gold recovers in Asia as dollar dips

2010-10-21 00:00:00

SINGAPORE, Oct 20 (Commodity Online): Gold recovered in Asian trade Wednesday as the dollar eased and on speculation of an immediate increase in demand. Spot gold was seen trading at 1337.98 an ounce at 12.30 p.m Singapore time while December...

Oil climbs back after surprise China move

2010-10-21 00:00:00

SINGAPORE, Oct 20 (Commodity Online): Global oil prices recovered in Asian trade Wednesday and rose above $80 a barrel mainly after reports of decline in US stockpiles. Light sweet crude for November delivery was seen trading at $80.30 a barrel...

Indian bond yields in tight band, global cues support

2010-10-21 00:00:00

MUMBAI, Oct 20 (Reuters): Indian federal bonds yields and overnight indexed swaps (OIS) were stuck in a tight band Wednesday as domestic inflation and expectations of a rate increase next month weighed, but global cues were supportive. US government securities...

Safiullah elected president of APF

2010-10-21 00:00:00

Safiullah Chowdhury, former director of FBCCI and member of executive committee of SAARC Chamber of Commerce and Industry, was elected president of Asian Packaging Federation (APF) unanimously.The election to the board of directors of APF, the highest organisation in Asia...

Zinc futures gain 0.48pc on global cues

2010-10-21 00:00:00

NEW DELHI, Oct 20 (PTI): Zinc futures prices rose by 0.48 per cent to Rs 105.40 per kg today largely in line with fresh positions created by speculators, tracking a firming trend in base metals in global markets.At the Multi...

Pepper futures decline on subdued exports

2010-10-21 00:00:00

NEW DELHI, Oct 20 (PTI): Pepper futures prices declined by Rs 94, or 0.50 per cent, to Rs 18,660 per quintal today, owing to slackness in domestic as well as export demand. Expectations of a rise in production following favourable...

shipping

2010-10-21 00:00:00

Chittagong PortBerthing positionOctober 20, 2010Berth No. NV                   Cargo       LC       LA           DA     Leaving   I/DJ/2             Phuong Dong-2           Rice                Hochi      Uni Ship       29/09       22/10       675J/3             Sider Tino                      Gi                   Sing         Barwil Qc     04/10       23/10       3761J/4             Lanka Mahapola          Log                Yang        Brothers        06/10       24/10       400J/5            ...

exchange rate

2010-10-21 00:00:00

UN envoy survives Iraqi roadside blast

2010-10-21 00:00:00

A convoy carrying the UN's top envoy to Iraq has been hit by a roadside bomb, officials say, reports BBC.Ad Melkert was unhurt, the UN said, but unconfirmed reports said a policeman died and three others were injured.Iraqi police said...

CIA acknowledges 'missteps' led to officers' deaths

2010-10-21 00:00:00

WASHINGTON, Oct 20 (Reuters): The CIA Tuesday acknowledged "missteps" and "shortcomings" that allowed a would-be informant to enter a US base in Afghanistan and blow himself up on December 30, killing seven CIA officers.The mistakes included failing to act on...

French police break blockades at three oil depots

2010-10-21 00:00:00

The French government has used the security forces to lift blockades by strikers at three fuel depots serving the west of the country, reports BBC.President Nicolas Sarkozy has authorised police to break all remaining blockades at fuel depots.French workers are...

Afghanistan rules 1.3m parliamentary votes are invalid

2010-10-21 00:00:00

Afghanistan's election authorities have cancelled 1.3m votes in last month's parliamentary election because of fraud or other irregularities, reports BBC.The number of void votes amounts to almost a quarter of the nearly 5.6m ballots cast in the 18 September poll.Turnout...

news digest

2010-10-21 00:00:00

Toll from Malaysia river boat tragedy rises to 13 KUALA LUMPUR, Oct 20: The death toll from a ferry boat tragedy in the remote interior of Borneo rose to 13 Wednesday as Malaysian police said that seven more bodies had...

Thursday

2010-10-21 00:00:00

BTVAm07:00 Announcement, The Holy Quran, The Holy Tripitak Paath and Programme Outline 07:20 Dolon Chapa07:45 Shilpo O Shahitay08:00 Sakaler Sangbad08:15 Maati-O-Manush08:35 Moner Katha08:55 Sangbad Shironam09:00 Docu- Fire Dekha09:10 Docu-09:35 Lok Oithijjho10:00 News10:05 Muktijuddha Pratidin10:30 Banglar Bangla11:05 Maa O Shishur Katha11:30...

Tea export shrinking to near-zero

2010-10-21 00:00:00

Our CorrespondentCHITTAGONG, October 20: Once a major tea exporting country enjoying a captive export market, Bangladesh is becoming a tea importer with rise in local consumption and sharp fall in production.The scenario has changed in recent years because of market...

Short-term rice harvest on in Rangpur

2010-10-21 00:00:00

RANGPUR, Oct 20 (BSS): Thousands of farm-laborers, who earlier remained jobless in Kartik even few years ago, are now harvesting the anti-monga short duration paddies in full swing everywhere in Rangpur division. As a result, huge job opportunities have been...

Unauthorised schools sprout in B'baria

2010-10-21 00:00:00

Our CorrespondentBRAHMANBARIA, Oct 20: Unauthorised schools have sprouted unchecked in Brahmanbaria district town. Most of these schools, set up in rental houses in the town, are doing brisk business without ensuring quality education. Local administration knows about this, but is...