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Iraq ministers mull response to bloody power protests

2010-06-23 00:00:00

BAGHDAD, June 22 (AFP): Iraq's cabinet was meeting Tuesday to thrash out a response to bloody protests over power rationing that have prompted fears of a summer of discontent and an offer to resign from the electricity minister.A wave of...

Pakistan to release Indian prisoners ahead of talks

2010-06-23 00:00:00

ISLAMABAD, June 22 (AFP): Pakistan is to release 17 Indian prisoners on the eve of talks with New Delhi as part of moves towards reviving peace efforts, officials in Islamabad said on Tuesday.The Indians would be released Wednesday at the...

Resolve ship, then consider N talks: S Korea tells North

2010-06-23 00:00:00

SEOUL, June 22 (Reuters): South Korea wants to focus on a response to the sinking of one of its warships before resuming multilateral talks to end the North's nuclear arms programmes, Foreign Minister Yu Myung-hwan was quoted as saying Tuesday.The...

news digest

2010-06-23 00:00:00

Japan hails Israel plans to ease Gaza blockadeTOKYO, June 22 : Japan, one of the biggest aid donors to the Palestinians, said it welcomed Israel's announcement it would ease its blockade of the impoverished Gaza Strip. "The government of Japan...

AMTOB for rationalisation of Telecom Law, withdrawal of SIM tax

2010-06-23 00:00:00

FE ReportAssociation of Mobile Operators of Bangladesh (AMTOB) Tuesday highlighted the discrepancies in the proposed Telecommunications Act 2001 and made some specific suggestions to rectify them The operators also made a plea for removal of SIM tax for the sake...

SEC fines 3 firms for securities law breach

2010-06-23 00:00:00

FE ReportThe Securities and Exchange Commission (SEC) has fined three companies and the directors of four companies for non-compliance of securities related laws, officials said.The officials of the securities regulator said on Sunday that the penalties against the companies and...

Matin Spinning to go public under book-building method

2010-06-23 00:00:00

FE ReportMatin Spinning Mills Limited, a flagship concern of DBL Group, signed an agreement recently, with IDLC Finance Limited for going public under book building method, officials of IDLC Finance said.IDLC Finance Limited will act as an issue manager for...

Bangladesh Thai Alum celebrates completion of 30th year

2010-06-23 00:00:00

FE ReportBangladesh Thai Aluminium Ltd celebrated completion of thirtieth year of industrial activity and contribution in the growth of the national economy and forest preservation in a city hotel recently.The occasion was graced by Lt. Colonel (Rtd) Faruk Khan, MP,...

BAT afforestation campaign steps into 30th year

2010-06-23 00:00:00

FE ReportBritish American Tobacco (BAT) Bangladesh launched its annual Nationwide Afforestation Campaign and Sapling Distribution event Tuesday in the city as the company marked 30 years of its afforestation journey.State Minister for Environment and Forests Dr Hasan Mahmud inaugurated the...

Mend RMG labour-management relations

2010-06-22 00:00:00

The President of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) openly blamed 'a vested quarter' for Saturday's violent labour unrest at Ashulia which left about a 100 people injured and the shutdown of over 70 factories in the neighbourhood....

Science around us

2010-06-22 00:00:00

Prof. Lutfor RahmanThe driver goes to CNG filling stations every day to fill up the cylinder of my private car. He avoids certain CNG filling stations though the stations are nearer to my residence. When he was asked the reasons...

Budget and the retired people

2010-06-22 00:00:00

Mabbubul Haque ChowdhuryThe Finance Minister has presented a very big and ambitious budget for the fiscal 2010-11. In the 2009-10 fiscal too, a similar big budget was presented. All know that the current budget has failed to produce the desired...

Chittagong City Corporation election

2010-06-22 00:00:00

The election to the Chittagong City Corporation has just been completed. The efforts of the Election Commission (EC) to deliver a free and fair polls must be appreciated, although there is a contrary view that the EC has robbed the...

Mantras for business success

2010-06-22 00:00:00

Market studies or research to establish demand pattern of products are essential preconditions for the establishment of industries. Private sector can initiate their own research. The government can also play a valuable role in this regard by collecting and disseminating...

Constitution is not a document of expediency

2010-06-22 00:00:00

Shamsher ChowdhuryConstitution of a country is its most sacred document. Therefore, extreme care should be taken so that no one uses or abuses it in order to gain mileage politically or otherwise. Constitution is for all people of the country....

Budget 2010-2011 and proposals for revision

2010-06-22 00:00:00

Mohammed Forkan UddinFinance minister has made fiscal proposals in the budget for 2010-11 keeping in mind the vision 20-21 of the government. There is no point in involvement in argument over whether it is an ambitious or not, but one...

Enabling the mobile sales rep with enterprise grade CRM-as-a-service

2010-06-22 00:00:00

Michel van Woudenberg'TRADITIONAL' customer relationship management (CRM) -- meet client, determine demand, head back to office, determine stock/seal deal -- no longer suffices when time is of the essence. CRM imperatives today require customer information and business intelligence 'on the...

Tuesday

2010-06-22 00:00:00

BTVam07:00 Announcement, The Holy Quran, The Holy Tripitak Paath and Programme Outline 07:20 Geet Malya07:45 Sufi Sadhoker Bangladesh08:00 Sakaler Sangbad08:15 Maati-O-Manush08:35 Samprotik08:55 Sangbad Shironam09:00 Docu- Fire Dekha09:10 Joydhoni09:35 Sastho Katha10:00 News10:05 Muktijuddha Pratidin10:30 Jibon Khuje Pai11:05 Nirbachito Anushthan11:30 Thikana12:00 Sangbad...

Nikkei hits one-month closing high as yuan rises

2010-06-22 00:00:00

TOKYO, June 21 (Reuters): Japan's Nikkei average powered to a one-month closing high Monday, breaking both a chart retracement and key resistance level on a sense that the rise in China's yuan was a vote of confidence in the global...

Sensex hovers near 17900, metals, banks gain

2010-06-22 00:00:00

MUMBAI, June 21 (Economic Times): Benchmarks were on firm foot Monday as sentiments turned bullish globally on China's decision to revalue its currency. Buying activity intensified in metals, realty and metals space. At 2:30 pm, Bombay Stock Exchange's Sensex was...

Hong Kong, Shanghai stocks jump

2010-06-22 00:00:00

HONG KONG/SHANGHAI, June 21 (Reuters): Hong Kong and Shanghai shares jumped around three per cent Monday as China scrapped its currency peg and allowed the yuan to rise, boosting confidence in the global economic recovery. Many analysts see the yuan...

Indian bond yields inch up, buyback result watched

2010-06-22 00:00:00

MUMBAI, June 21 (Agencies): Indian federal bond yields were range bound Monday with higher US yields damping sentiment but the government's bond buyback helped add liquidity to a cash strapped system, supporting prices, dealers said. At 2:17 pm, the yield...

KSE index gains 174.59 points

2010-06-22 00:00:00

KARACHI, June 21 (Business Recorder): Highly volatile trading activity was witnessing during the week ended on June 19, and the KSE-100 index closed at the level of 9,645.71 points with a gain of 174.59 points, mainly on the back of...

Qatar, Kuwait eye China bank IPO

2010-06-22 00:00:00

HONG KONG, June 21 (AFP): Qatar and Kuwait will buy up to 3.8 billion US dollars worth of Agricultural Bank of China in its upcoming share sale, in what could be the world's largest initial public offering (IPO).The Gulf states...

Oil rallies above 78 dollars on news of yuan flexibility

2010-06-22 00:00:00

SINGAPORE, June 21 (AFP): Oil prices rallied in Asian trade Monday on expectations of higher demand from Chinese consumers after China's central bank said it would allow for a more flexible yuan. A statement by the People's Bank of China...

Sugar advances in London

2010-06-22 00:00:00

LONDON, June 21 (Bloomberg): Sugar rose for the 11th session in the past 13 days in London on speculation that demand will remain buoyant. White, or refined, sugar for August delivery advanced as much as $5.20, or 1 per cent,...

Dollar lower as yuan hits five-year high

2010-06-22 00:00:00

TOKYO, June 21 (AFP): The dollar lost ground in Asia Monday after China's yuan exchange rate hit its highest level against the dollar in five years following a weekend announcement of greater flexibility, analysts said. The dollar stood at 90.65...

Gold may advance to $1,500 by end of year

2010-06-22 00:00:00

SINGAPORE, June 21 (Bloomberg): Gold will climb to a record $1,300 an ounce in the coming weeks as investors sell the dollar, and may advance to $1,500 by the end of 2010, according to a technical analysis by Credit Suisse...

exchange rate

2010-06-22 00:00:00

  Exchange Rate                                June 21, Monday  The following were the commercial banks' rates to public for some selectedforeign currencies with Bangladesh Taka in cash transaction MondaySelling rates to public (outward remittance)BankUSDEuroGBPJPYCHFCADAUDSCBsSonali Bank69.550086.9109103.60270.774763.313268.742961.6708Agrani Bank69.550087.0576103.93740.776363.238368.610461.3805FCBsStanChart69.6787.16101.080.7961.0666.3758.97HSBC 69.625087.5036104.37730.785962.180968.099160.5281Citibank naNANANANANANANABank of Ceylon69.640088.3478105.73000.796164.356369.210963.7693PCBsUttara Bank69.600086.9540103.64770.782062.883468.465460.9808AB Bank69.650088.1594104.88820.7852NANANABuying rates ...

Six NATO troops killed in Afghan copter crash, bombings

2010-06-22 00:00:00

KABUL, June 21 (AFP): Six NATO soldiers were killed in three separate incidents Monday in southern Afghanistan, where the US-led alliance is mounting an ambitious campaign to flush out Taliban militants, the military said.In the deadliest incident, three Australian commandos...