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Censor Board finally okays film on Maoist movement in Nepal

2010-07-16 00:00:00

MUMBAI, Jul 14: After refusing the certificate for public screening to a documentary film on Nepal, 'Flames of the Snow', on the ground that it justifies ideology of the Maoist movement, the Central Board of Film Certification Board (CBFC), headed...

Pakistan bans Bollywood movie 'Tere Bin Laden'

2010-07-16 00:00:00

ISLAMABAD, July 15: Bollywood movie "Tere Bin Laden" has been banned in Pakistan over fears of a terrorist attack, a media report said Wednesday.The Pakistani censor board took the decision Tuesday, paktribune.com reported. The film, which will launch Pakistani model...

Angelina Jolie to shoot film on Bosnian war

2010-07-16 00:00:00

BELGRADE, July 15: Oscar-winning actress Angelina Jolie is planning to direct her first film in the Balkans. She will also play a leading role in the movie, a love story set in the Bosnian war.Jolie will visit Serbia in August...

China to replace US as top energy consumer

2010-07-16 00:00:00

BEIJING, July 15 (Commodity Online): China is likely to replace the US as world's top energy consumer this year, analysts said.China's energy consumption has seen an accelerated growth since 2000. If that pace continues, the country would consume nearly 8...

Janata Bank wins NY magazine award

2010-07-16 00:00:00

Janata Bank Limited has recently won the 'World's Best Bank-2009' award by Global Finance, a New York-based magazine. The magazine has announced the award among the best banks of 123 countries in the world.Janata Bank, being the fourth in Asia...

Gold climbs in London on global slowdown signs, weaker dollar

2010-07-16 00:00:00

LONDON, July 15 (Bloomberg): Gold gained in London on signs of slower growth in the US and China and speculation that a weakening dollar will boost demand for the metal as an alternative investment.The Federal Reserve Wednesday cut its forecast...

Oil slips below $77 on weak China data

2010-07-16 00:00:00

SINGAPORE, July 15 (Commodity Online): World oil prices eased below $77 in Asian trade Thursday mainly on reports of weak Chinese economic growth.Light sweet crude for August delivery was seen trading at $76.54 a barrel at 11.30 am Singapore time...

Dollar under pressure amid US economic concerns

2010-07-16 00:00:00

TOKYO, July 15 (AFP): The dollar traded marginally lower against the yen in Asia Thursday, hit by weak US data and a worsening outlook for the world's biggest economy, dealers said. The dollar was quoted at 88.08 yen in Tokyo...

Copper price falls in London

2010-07-16 00:00:00

LONDON, July 15 (Bloomberg): Copper fell in London on concern demand may wane in China, the world's biggest user, after economic growth weakened and industrial production rose less than estimated.Gross domestic product expanded by 10.3 per cent in the second...

Etihad Airways organises "Agents award night 2010"

2010-07-16 00:00:00

Etihad Airways Crystal Cargo Dhaka, organised "Agents award night - 2010" at Radisson Water Garden Hotel in the city recently, said a press release. UAE Ambassador to Bangladesh Khalfan Battal Ali Al Mansouri, Vice-president of Cargo Commercial, Etihad Airways, Crystal...

India's edible oil stock stable to meet demand

2010-07-16 00:00:00

MUMBAI, July 15 (Commodity Online): The recent edible oil imports data has showed that India's edible oil stocks position has increased significantly to meet the domestic demand.Edible oil import by India, the second largest edible oil importer after China, fell...

Water shortage delays rice planting in Thailand

2010-07-16 00:00:00

KUALA LUMPUR, July 15 (Commodity Online): World leader in rice exports, Thailand said acute water shortages in the country forced it to delay planting of the 2010-11 main rice crop by one month.Country's Agriculture Ministry asked farmers to delay planting...

Pubali Bank EGM approves changes of face value, mkt lot

2010-07-16 00:00:00

FE ReportThe 5th Extra-Ordinary General Meeting (EGM) of Pubali Bank Limited was held at Pubali Bank auditorium Thursday.In the EGM, the shareholders approved to amend the denomination of share value from Tk. 100.00 to Tk. 10.00 and also approved amendment...

20 mmcfd gas to be added to national grid

2010-07-16 00:00:00

Jashim UddinBrahmanbaria, July 15: Bangladesh Gas Fields Company Limited (BGFCL) inaugurated the work-over of Titas well 12 Wednesday to add above 20 million cubic feet daily (mmcfd) natural gas to the national grid.The work-over is likely to be completed by...

Japan-Bangladesh RMG jt-venture in the offing

2010-07-16 00:00:00

FE ReportTwo Japanese companies - Kurabo Industries Ltd and Matsuoka Corporation Ltd - have signed a contract with a Bangladeshi apparel company to set up a joint-venture (JV) in the country.Capitalised at US$ 5.88 million, MK Apparels Limited, the Bangladeshi...

Prime Bank, Notre Dame College open debate competition

2010-07-16 00:00:00

Prime Bank 22nd NDDC National Debate Competition 2010 was inaugurated at the Notre Dame College Auditorium in the city Wednesday, said a press release.Former chief justice and former chief adviser of the caretaker government Justice Muhammad Habibur Rahman was present...

BB purchases US$25 million

2010-07-16 00:00:00

FE Report Bangladesh Bank (BB) purchased US$25 million from three commercial banks Thursday aiming to keep the inter-bank foreign exchange market stable, officials said. "We've bought the US currency at market rate from the commercial banks directly to keep the...

First Security ties up with LEADS Corp

2010-07-16 00:00:00

FE ReportFirst Security Islami Bank Limited, a local Islamic commercial bank in the private sector has recently tied up with software giant LEADS Corporation for purchasing BankUltimus- a renowned local core banking solution.The third generation bank, which has recently switched...

Selim Osman elected BKMEA president

2010-07-16 00:00:00

FE ReportAKM Selim Osman has been elected president of the Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) for the next two years.According to an official statement issued Thursday, Habibur Rahman has been elected first vice president, Mohammad Hatem second vice...

Int'l group keen to invest $2-3b in power sector

2010-07-16 00:00:00

FE Report International Technical Consultant Consortium (ITC Consortium), a multi-country joint venture (JV), has proposed to invest US$ 2.0-3.0 billion in the country's power sector to build plants having the total generation capacity of 2,000 megawatts (mw).The ITC Consortium, consisting...

Textile SEZ likely in Kushtia by 2013

2010-07-16 00:00:00

Sonia H MoniBangladesh Small and Cottage Industries Corporation (BSCIC) is likely to set up a special economic zone (SEZ) for textile sector at Kumarkhali in Kushtia, said BSCIC chief.BSCIC chairman Siddiqur Rahman told the FE that the project will be...

Islami Bank to give 2-yr scholarship to 200 students

2010-07-16 00:00:00

Islami Bank will award two-year education scholarship to 200 poor, destitute, helpless and disabled students who achieved GPA 5 in the SSC and equivalent examinations this year.It was disclosed at the reception programme by Islami Bank Bangladesh Limited (IBBL) for...

Asian banks emerged relatively unscathed from global crisis

2010-07-16 00:00:00

NEW DELHI, July 15 (Economic Times): What is the secret behind the relatively robust health of Asian banks? The conventional view of the transformation of the banking system since the Asian crisis is that in the decade since the crisis,...

China to keep managed floating exchange rate regime

2010-07-16 00:00:00

BEIJING, July 15 (AFP): China will maintain a managed floating yuan exchange rate regime, the country's central bank said Thursday, asserting that such a policy was in the nation's long-term interests."The regime is essential for economic restructuring and the optimisation...

Fairfield pulls IPO, cites market conditions

2010-07-16 00:00:00

LONDON, July 15 (Reuters); British oil and gas firm Fairfield Energy has shelved plans for a 500-million-dollar stock market listing, the company said Thursday, after weak markets spooked potential investors."In the light of market conditions, (Fairfield) has decided against proceeding...

New GM of Sonali Bank

2010-07-16 00:00:00

FE ReportMr Naresh Chandra Mondol has been promoted to General Manager (GM) of Sonali Bank Ltd, country's largest state-owned bank.His promotion will be effective on retrospective basis from the year 2003-04.Mr Mondol joined the Sonali Bank in 1973 as probationary...

Gulf oil well test back on as BP fixes leaking

2010-07-16 00:00:00

LONDON, July 15(BBC): BP has fixed a leak on the cap on the leaking Gulf of Mexico oil well, which delayed a crucial test. The oil giant needs to shut all the valves on the new cap in order to...

Nepali gov't brings out hydropower plan

2010-07-16 00:00:00

KATHMANDU, July 15 (Xinhua): The Nepali government has brought out an ambitious report showing the possibility of generating 36,628 MW hydroelectricity in the country within the next 20 years. According to Thursday's Republica, the report includes a proposal to generate...

Myanmar sets high export target of teak in 2010-11

2010-07-16 00:00:00

YANGON, July 15 (Xinhua): Myanmar has targeted to export over 20,000 tons of teak in the present fiscal year 2010- 11 despite a sharp drop in the export in the last fiscal year of 2009-10, the local Popular News reported...

Singapore needs 100,000 workers as economy sizzles

2010-07-16 00:00:00

SINGAPORE, July 15 (AFP): Singapore will need 100,000 new foreign workers this year to keep on track an economy enjoying a stunning rebound, Prime Minister Lee Hsien Loong said in remarks published today. Rich but worker-starved Singapore has historically rolled...