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exchange rate

2010-06-28 00:00:00

  Exchange Rate                                June 27, Sunday  The following were the commercial banks' rates to public for some selectedforeign currencies with Bangladesh Taka in cash transaction SundaySelling rates to public (outward remittance)BankUSDEuroGBPJPYCHFCADAUDSCBsSonali Bank69.550086.5474105.02510.786463.909467.560261.2025Agrani Bank69.550086.7168105.36320.788763.871567.494060.9980FCBsStanChart69.6787.16101.080.7961.0666.3758.97HSBC 69.706088.2634106.61110.798663.828967.464261.7161Citibank naNANANANANANANABank of Ceylon69.740088.1956107.93900.810664.953068.065663.4006PCBsUttara Bank69.650087.0369105.36570.794963.774367.620361.2482AB Bank69.650087.5617105.75700.7934NANANABuying rates ...

Mercantile Bank, Sandhani Ins to sponsor mutual funds

2010-06-28 00:00:00

FE ReportMercantile Bank Limited is going to float its first mutual fund worth Tk 1.0 billion in the capital market by the name and style "MBL 1st Mutual Fund". Recently, a signing ceremony of the Trust Deed Agreement took place...

Emphasis on increasing low cost deposit

2010-06-28 00:00:00

FE ReportChairman of the Executive Committee of the Board of Directors of Dutch-Bangla Bank (DBBL) Sayem Ahmed has underscored the need for improving further the personalised customer service at the branches, developing close relationship with the customers and lay emphasis...

CCCI president felicitates FBCCI new board

2010-06-28 00:00:00

FE ReportPresident of Chittagong Chamber of Commerce and Industry (CCCI) M A Latif MP, has felicitated the president-elect of the Federation of Bangladesh Chambers of Commerce & Industry (FBCCI) Mr. A.K. Azad and the Board of Directors. The CCCI President...

Aramit Limited approves 65pc dividend

2010-06-28 00:00:00

Aramit Limited, Chittagong has declared 65pc dividend (50pc stock & 15pc cash ) in the 39th Annual General Meeting of the company held in Chittagong Saturday.The meeting was presided over by Mr. Saifuzzaman Chowdhury, Chairman & Managing Director of the...

Asia Ins approves 10pc stock div, 1:1 rights

2010-06-28 00:00:00

Asia Insurance Limited has approved 10 per cent stock dividend and 1:1 right shares for its shareholders for the year that ended on December 31, 2009, said a press release.The approval was given at the first extra-ordinary general meeting (EGM)...

ICB AMCL announces NAV of ten mutual funds

2010-06-28 00:00:00

ICB Asset Management Company Ltd (ICB AMCL), a subsidiary of Investment Corporation of Bangladesh (ICB), has announced Net Asset Value (NAV) of its ten mutual funds recently, according to the DSE website.NAV of ICB AMCL 1st Mutual Fund stood at...

Phoenix Finance, Investments Ltd gets Int'l Star Award

2010-06-28 00:00:00

Phoenix Finance and Investments Limited has been designated to receive the International Star Award for Quality in the Gold Category from business initiative directions (BID), a prominent business organisation based in Madrid, says a press release.Phoenix Finance bagged the award...

Export of Bangladesh products to SAARC countries yet to get boost

2010-06-28 00:00:00

Export of Bangladesh products to the SAARC countries is yet to get a boost as exports to the region accounted for only 3.0 per cent of the country's total export earnings in nine months (July-March) of the current fiscal, reports...

Mobile money transfer service extended to 606 post offices

2010-06-28 00:00:00

Sonia H MoniBangladesh Post Office (BPO) Sunday extended its Mobile Money Transfer Service to 606 post offices throughout the country to ensure easy and fast money transfer, official sources said.BPO Additional Director General AKM Shafiur Rahman told the FE, "Today...

Robi launches special call rate with FRiENDi mobile in Oman

2010-06-28 00:00:00

Robi has partnered with Friendi Mobile of Oman to provide preferential call rates for users between Bangladesh and Oman, according to press release.The partnership will enable Robi customers in Bangladesh to enjoy a discount of Tk 0.50 from the second...

BAPEX to purchase drilling rig by April

2010-06-28 00:00:00

FHM Humayan KabirState-run petroleum exploration company BAPEX will purchase another drilling rig by April next year for the purpose of workover of gas wells, officials said Saturday.Beijing-based Chinese company CATIC will supply US$7.0 million rig to BAPEX by April next...

All sugar mills count losses except one

2010-06-28 00:00:00

Jasim Uddin HaroonCarew and Co is the lone profit making state-owned sugar mill thanks to its production of quality liquor, officials said. There are 15 sugar mills under the Bangladesh Sugar and Food Industries Corporation (BSFIC) and all are losing...

Kuwait stocks lead decline

2010-06-28 00:00:00

Kuwait stocks lost the most in two weeks, leading a decline in Middle East markets, on concern Europe's debt crisis will slow the global economic recovery and speculation Gulf earnings may disappoint. Israel shares fell, reports internet.The Kuwait SE Price...

Pak suggests Commerce Secretary-level talks with India

2010-06-28 00:00:00

TORONTO, Jun 27 (PTI): Pakistan has suggested Commerce Secretary-level talks with India for engaging each other on issues hampering bilateral trade. Official sources said the suggestion for talks was made during a meeting between Foreign Secretary Nirupama Rao and her...

Power, white-sugar generation plants likely in North Bengal Sugar Mills

2010-06-28 00:00:00

RAJSHAHI, June 27 (BSS): The second phase feasibility study to produce power and white sugar at Lalpur North Bengal Sugar Mills (NBSM) in co-generation method has been completed for establishing the generation plant. The officials concerned expected that the plant...

No pressure for us, underdogs Slovakia say of Dutch

2010-06-28 00:00:00

DURBAN, June 27 (AFP): When your national press labels your progression from group stage to knock-out phase of the World Cup as a "miracle", it sums up the notion of a being a rank outsider in world football.Slovakia go into...

Don't repeat mistake of 2002, warns Japanese goalkeeper

2010-06-28 00:00:00

GEORGE, June 27 (AFP): Japan must not think they have done enough by reaching the second round of the World Cup as they did back in 2002 when they play Paraguay Tuesday, warned veteran goalkeeper Yoshikatsu Kawaguchi.The 34-year-old is now...

S America can't catch Europe: Maradona

2010-06-28 00:00:00

PRETORIA, June 27 (AFP): Argentina coach Diego Maradona believes South America will never catch up with Europe despite the continent's stunning success at the World Cup in South Africa.South America had five representatives in the competition and all five made...

Kyrgyzstan goes to polls

2010-06-28 00:00:00

OSH, Kyrgyzstan, June 27 (AP): The people of violence-ravaged Kyrgyzstan went to polls Sunday on a new constitution weeks after deadly ethnic cleansing-a vote that could legitimise the interim government.Security was tightened in the Central Asian nation for the vote...

Obama, G8 leaders boost pressure on N Korea, Iran

2010-06-28 00:00:00

ONTARIO, June 27 (Reuters): US President Barack Obama led the Group of Eight (G8) rich nations Saturday deploring what they said was North Korea's sinking of a South Korean warship, and Obama said there must be consequences for such irresponsible...

Removing trust deficit between India, Pakistan steps ahead

2010-06-28 00:00:00

ISLAMABAD, June 27 (Xinhua): Pakistan and India come a step closer as both countries agreed that terrorism is the dominant issue in the region, but still their future relations depends on the way they remove the trust deficit that exist...

Japan's ruling party struggling to win majority

2010-06-28 00:00:00

TOKYO, June 27 (Internet): The abrupt resignation of Japan's prime minister and the popularity of the country's new leader, Naoto Kan, appear to have bolstered the beleaguered Democratic Party of Japan: The party appears set to win around the same...

Pakistan starts resettling war-hit S Waziristan tribes

2010-06-28 00:00:00

PESHAWAR, June 27 (AFP): Pakistan Sunday launched a process of resettling tens of thousands of tribesmen displaced in a major offensive in the Taliban stronghold of South Waziristan last year, officials said.Pakistan's military launched a sweeping offensive into South Waziristan...

Iran threat, peace process focus of Saudi-US summit

2010-06-28 00:00:00

RIYADH, June 27 (AFP): Saudi doubts over US-driven sanctions on Iran, the flagging Middle East peace process and Afghanistan will be the focus of King Abdullah's talks at the White House this week, analysts say.Tuesday's meeting between President Barack Obama...

news digest

2010-06-28 00:00:00

Tourist boats collide in Thailand, 42 hurtBANGKOK, June 27: Forty-two passengers were injured and two were missing after two boats carrying Thai and foreign tourists collided in the Gulf of Thailand on the way to a popular island beach party,...

BNP claims successful hartal

2010-06-28 00:00:00

Opposition BNP has claimed that the countrywide dawn-to-dusk strike was observed successfully with spontaneous public support. "The nation observed the strike against the government's misrule," BNP Secretary General Khandaker Delwar Hossain told a press briefing at the party's Naya Paltan...

Suranjit blasts Khaleda Zia for presenting shadow budget outside JS

2010-06-28 00:00:00

Senior Awami League (AL) lawmaker Suranjit Sengupta alleged in parliament Sunday that Khaleda Zia's presentation of the shadow budget at a five-star hotel indicated another military-backed unconstitutional government, reports bdnews24.com. He made the statement while delivering his speech on the...

Hartal observed in dists with some stray incidents

2010-06-28 00:00:00

Our correspondentsKHULNA, June 27: The dawn-to-dusk hartal enforced by BNP observed in Khulna, Barisal, Bagerhat, Satkhira and Jessore peacefully. Six persons were arrested from different points of Khulna city for picketing.A good number of rickshaws and motorised vehicles were seen...

20 injured in triangular clash in Shahbag area

2010-06-28 00:00:00

DU Correspondent At least 20 people were injured in a triangular clash during the hartal in the city's Shahbag area Sunday morning.Eyewitnesses said the clash took place between the leaders and activists of Jatiyatabadi Chhatra Dal (JCD), Bangladesh Chhatra League...