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Monday

2010-06-21 00:00:00

BTVam07:00 Announcement, The Holy Quran, The Holy Tripitak Paath and Programme Outline 07:20 Geet Bitaan07:45 Aamrao Pari08:00 Sakaler Sangbad08:15 Maati-O-Manush08:35 Mukto Aalap08:55 Sangbad Shironam09:00 Docu- Fire Dekha09:10 Docu09:35 Sabar Jonno Shikkha10:00 News10:05 Muktijuddha Pratidin10:30 Protikar11:05 Banglar Lok Gaan11:30 Ranagoner Dinguli12:00...

Top-10 Indian cos add over Rs 520b to m-cap, MMTC leads

2010-06-21 00:00:00

MUMBAI, June 20 (PTI): During the past week, all the top-10 firms added a sum of over Rs 520 billion to their market capitalisation, with trading firm MMTC emerging as the biggest gainer, leap-frogging to fourth place from seventh rank...

Saudi Group to buy 20pc in Maytas Infra

2010-06-21 00:00:00

HYDERABAD, June 20 (Business Standard): Saudi Binladin Group is all set to buy a 20-per cent stake in Maytas Infra, the infrastructure company in which IL&FS replaced the Raju family of Satyam as promoter.Maytas Infra will allot 15.45 million equity...

Japan bonds rise on Kan's debt reduction plan, global slowdown

2010-06-21 00:00:00

TOKYO, June 20 (Bloomberg): Japan's 10-year bonds completed a second weekly gain after Prime Minister Naoto Kan vowed to reduce the world's largest public debt and said he will consider increasing the consumption tax. Benchmark bonds rose for a second...

'Yuan policy move may boost China's stocks'

2010-06-21 00:00:00

BEIJING, June 20 (Bloomberg): China's pledge to make the yuan more flexible may boost shares denominated in the currency when markets open tomorrow, China International Capital Corp (CICC) and Societe Generale SA said. "If it leads to appreciation for the...

Promoters raise stake in Max India to 35pc

2010-06-21 00:00:00

NEW DELHI, June 20 (Business Standard): Promoters of Max India, led by Analjit Singh, have increased their stake in the company to about 35 per cent last week and are expected to raise their holding further in the near future.The...

KSE, ISMAR launch 'stock trading workshops'

2010-06-21 00:00:00

KARACHI, June 20 (Business Recorder): In a move to provide skilled human resource at the equity market, the Karachi Stock Exchange (KSE), in collaboration with the Institute of Securities, Management and Research (ISMAR), has launched a series of 'stock trading...

USE receives RBI authorisation

2010-06-21 00:00:00

MUMBAI, June 20 (PTI): United Stock Exchange (USE) of India Limited, India's newest stock exchange for currency derivatives, said it has received authorisation from the Reserve Bank of India (RBI) to start operations. USE had earlier received final approval from...

Walton opens showroom in Comilla

2010-06-21 00:00:00

Walton, one of the largest brands of electrical, electronics and automobiles products opened its exclusive showroom — M/S Pragati Electronics — at Choddagram in Comilla recently, said a press release. Walton Director Ilias Kanchan inaugurated the showroom.Yaar Ahmed Selim, social...

Gold set to make new records

2010-06-21 00:00:00

LONDON, June 20 (Commodity Online): It was a week of rise and rise for gold as the precious metal scaled new heights by gaining strength from the safe haven buying.And, it seems there is no end to the gold rally...

Sonali Bank, B'Baria zone earns Tk 60.90m

2010-06-21 00:00:00

Our CorrespondentBrahmanbaria, June 20: Sonali Bank Limited (SBL), Brahmanbaria zone earned a net profit Tk 60.90 million in the period ended May 31of the current year.The profit came due to the largest state-owned bank's increased lending in trading, small and...

China takes aim at global electronics giants

2010-06-21 00:00:00

SINGAPORE, June 20 (AFP): After decades building its reputation as the go-to country for electronics manufacturers, China intention to promote its own brands and produce the world's next Sony or Samsung was obvious during a massive telecoms exhibition in Singapore....

EU bans import of Indian honey

2010-06-21 00:00:00

NEW DELHI, Jun 20 (PTI): The 27-nation European Union has banned imports of Indian honey, alleging that consignments of the natural nectar from the country are contaminated with lead. Indian Commerce Secretary Rahul Khullar Friday said the government was looking...

Hot weather to trim Europe grain harvest

2010-06-21 00:00:00

PARIS, June 20 (Commodity Online): More than expected dryness to the spring season hits Europe's grain harvest, especially the barley crop as it hits a five year low.The dry weather which parched crops in some of Europe's main arable regions...

United Airways to be premium partner of Sylhet Travel Mart 2010

2010-06-21 00:00:00

United Airways (BD) Limited, one of the leading airlines of the country, has agreed to become the premium partner of Sylhet Travel Mart 2010, said a press release.The airline signed a Memorandum of Understanding (MoU) with The Bangladesh Monitor, the...

Soybeans rise as excessive rain threatens US crop

2010-06-21 00:00:00

CHICAGO, June 20 (Bloomberg): Soybeans rose, notching the first weekly gain since April, on speculation that unusually heavy rain will leave US Midwest fields too muddy to plant. Corn also gained.Farmers in parts of Iowa and Illinois, the biggest US...

exchange rate

2010-06-21 00:00:00

  Exchange Rate                                June 20, 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 Bank69.550086.5264103.38660.774263.061868.453460.9788Agrani Bank69.550086.6959103.72870.776663.028168.382860.7754FCBsStanChart69.6787.16101.080.7961.0666.3758.97HSBC 69.625087.5036104.37730.785962.180968.099160.5281Citibank naNANANANANANANABank of Ceylon69.640088.0484105.45140.796363.983868.875563.0869PCBsUttara Bank69.600086.2827102.87180.777461.637868.118560.1839AB Bank69.650087.7841104.55460.7860NANANABuying rates ...

IDLC launches first ever 'float-adjusted' index

2010-06-21 00:00:00

FE ReportIDLC Finance Limited launched the country's first ever 'float-adjusted' index called IDLC-50 Sunday and thus became the first financial institution in Bangladesh to launch such an index.The new stock market index will track the performance of 50 selected stocks...

Garment accessories makers for removal of bank guarantee

2010-06-21 00:00:00

FE ReportGarment accessories makers Sunday demanded withdrawal of mandatory 100 per cent bank guarantee condition during imports of plastic raw materials to facilitate the country's exports. Bangladesh Corrugated Carton and Accessories Manufacturers and Exporters Association (BCCAMEA) made the demand at...

Yussuf Abdullah re-elected Chairman of Asia Insurance

2010-06-21 00:00:00

The Board of Directors of Asia Insurance Limited has recently re-elected its Directors Mr. Yussuf Abdullah Harun FCA as chairman and Mr. Mohammed Jamal ullah as Vice Chairman at its 75th Board Meeting held recently in the city.Mr. Yussuf Abdullah...

SJIBL opens 52nd branch

2010-06-21 00:00:00

FE ReportShahjalal Islarm Bank Limited (SJIBL) opened its 52 nd Branch at Gulshan South Avenue, Gulshan 1 in the city Sunday.The Founder Chairman of the Bank Mr. Sajjatuz Jumma formally inaugurated the Branch as Chief Guest. The inaugural ceremony of...

HSBC opens CSC at Banashree

2010-06-21 00:00:00

The Hongkong and Shanghai Banking Corporation (HSBC) Limited in Bangladesh has expanded its network with the opening of a new Customer Service Centre (CSC) at Banashree residential area in the city recently.The CSC was formally inaugurated by Md Shafquat Hossain,...

Bloomberg to carry stock market index of Bangladesh

2010-06-21 00:00:00

FE ReportBloomberg Finance LP, the worldwide market leader in business information services, news and media based in the United States has signed an agreement with RACE Research Bangladesh, an independent capital market research and consulting firm headquartered in Bangladesh, to...

Govt asked to protect milk processors’ interest

2010-06-21 00:00:00

FE ReportThe government will not be able to protect its industries if it undermines the country's dairy sector, said the Bangladesh Milk Processors' Association (BMPA) Sunday. The proposed budget for the fiscal year of 2010-2011 has reduced the import duty...

People's Leasing approves 38.50pc stock dividend

2010-06-21 00:00:00

People's Leasing and Financial Services Limited (PLFSL) has approved a 38.50 per cent stock dividend (38.5 shares for existing 100 shares) for its shareholders for the year 2009. The approval was given at the 14th annual general meeting (AGM) of...

BAPEX starts drilling in Fenchuganj next month

2010-06-21 00:00:00

FHM Humayan KabirState-owned BAPEX will start drilling with its newly procured rig at Fenchuganj field next month to produce an additional 20 million cubic feet of gas, officials said Saturday.BAPEX, Bangladesh Petroleum Exploration and Production Company, officials said the drilling...

DBBL holds workshop on "Money Laundering Prevention Act-2009

2010-06-21 00:00:00

Dutch-Bangla Bank Limited (DBBL) organised a day-long workshop on "Money Laundering Prevention Act-2009 and Anti- Terrorism Act-2009 in the city Saturday, said a press release. Md Yeasin Ali, managing director of the Bank inaugurated the workshop as the chief guest....

Trade deficit widens in Apr

2010-06-21 00:00:00

FE Report The country's overall trade deficit widened in April due mainly to price hike of essential items in the global market along with higher food grains imports, officials said. The trade deficit increased by US$11 million to $4.501 billion...

BNP demonstrates to protest govt 'repression' on newsmen

2010-06-21 00:00:00

Opposition BNP staged a demonstration in the city Sunday protesting against the government "repression on journalists" that ultimately turned into a victory procession of Chittagong City Corporation (CCC) elections, reports UNB. The party held a brief rally at Muktangan and...

Fair election possible under political govt: SQ Chy

2010-06-21 00:00:00

Our CorrespondentCHITTAGONG, Jun 20: Influential BNP leader and lawmaker Salahuddin Quader Chowdhury has said a fair election is possible under any political government if it intends so. "Political government is not a problem if the elections are held fairly. A...