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Healing campus environment

2010-05-07 00:00:00

Since the change of government some fifteen months ago, the campuses continue to be a particularly difficult area for governance. The student wing of the ruling party invited charges for many undesirable activities, ranging from expulsion of their political opponents...

Chemicals endanger fish resources

2010-05-07 00:00:00

Firoz AhmadFish is the cheaper and main source of dietary protein for the over 150 million people of Bangladesh and fish will be depended on as a staple in the diet for all aspects of nutrition by an even bigger...

SAARC sees prosperity in sharing of resources

2010-05-07 00:00:00

Masum BillahThe two-day sixteenth SAARC Summit concluded on April 29 with a 36-point 'Thimpu Silver Jubilee Declaration' that endorses Bangladesh's proposal for a 'Charter of Democracy' for regional cooperation aiming at strengthening good governance. SAARC observed its Silver Jubilee with...

Banks should decrease the cost of their funds

2010-05-07 00:00:00

Banks ought to adopt two strategies in the main for bringing down the lending rate that would especially give a spur to investments in the private sector and prove to be good for them as well. First, with substantial recovery...

Payment of BTCL land phone bills

2010-05-07 00:00:00

BTCL has recently authorised many branches of both private and public banks to receive telephone bills. But the name of the authorised bank branches that will receive payments have not been mentioned on the bills. BTCL has neither specified the...

British Bangalees in British election

2010-05-07 00:00:00

The British Bangalees played an important role in bringing back the Labour under Blair to power. Blair made a British Bangalee Anwar Choudhury British HC to Bangladesh. He ended the hereditory membership in House of Lords ushering a new era...

ACC should become an effective body

2010-05-07 00:00:00

Maswood Alam KhanBangladesh, it seems, has become a doll to play with, a place of political experimentations. Those who come to govern this country try out with their own ideas and caprices to modify the laws that suit their purposes...

Lessons from others for success in power service

2010-05-07 00:00:00

Ferdaus Ara BegumGDP growth rate at 7-8% requires increased access to energy. Uninterrupted supply of energy is the pre-condition for industrial development. Power deficit of about 2000 megawatt and about 400 mmcfd of gas shortage with the advent of summer...

Asian stock markets tumble on Europe debt woes

2010-05-07 00:00:00

SINGAPORE, May 6 (Agencies): Asian stocks plunged Thursday as fears Greece's debt crisis will spread to other European countries and undermine the global recovery continued to rattle markets. Shares in Europe rebounded from early losses. Investors are questioning whether a...

IBBL arranges get-together, exchange view meeting

2010-05-07 00:00:00

Our CorrespondentBrahmanbaria: Islami Bank Bangladesh Limited (IBBL), Brahmanbaria Branch arranged a clients get-together and exchange view meeting recently on its premises on the occasion of the bank's Service Month. Mayor of Brahmanbaria Pourasava Hafizur Rahman Molla Kachi attended the get-together...

China shares plunge to eight-month low

2010-05-07 00:00:00

SHANGHAI, May 6 (Agencies): Chinese shares plunged to an eight-month low Thursday on persistent concerns over weak overseas markets and government measures to tighten credit and curb property speculation, dealers said. The Shanghai Composite Index, which covers both A and...

Sensex slips below 17,000 mark

2010-05-07 00:00:00

MUMBAI, May 6 (Business Standard): The Sensex opened at 17,080 and slipped below the 17,000 mark on falling metal stocks. Asian cues, especially Shanghai, dragged the index further to a low of 16,823 - down 265 points. The market, thereafter,...

Mixed sentiments prevail on LSE

2010-05-07 00:00:00

LAHORE, May 6 (Business Recorder): Mixed sentiments prevailed on the Lahore Stock Exchange (LSE) Wednesday where equities remained range-bound due to lacking investors' interest but last hours buying in blue chips dragged the market into green zone. The LSE-25 index...

Swire scraps $2.7b property IPO

2010-05-07 00:00:00

HONG KONG, May 6 (Reuters): The property unit of conglomerate Swire Pacific has pulled plans to raise up to $2.7 billion through a Hong Kong initial public offering, sources said as regional real estate stocks took a beating in a...

BPTP gets Sebi nod for Rs15b IPO

2010-05-07 00:00:00

NEW DELHI, May 6 (PTI): Realty firm BPTP Ltd has received market regulator Sebi's nod to raise up to Rs 15 billion through its maiden public issue."We have received the Securities and Exchange Board of India (Sebi) approval for the...

NTT Data in talks to buy stake in Patni

2010-05-07 00:00:00

MUMBAI, May 6 (Reuters): Japan's NTT Data Corp is in talks to buy a majority holding in Indian software services firm Patni Computer Systems for up to $1 billion, the Economic Times reported Thursday. However, a source with direct knowledge...

AIS cards distributed among farmers

2010-05-07 00:00:00

Our CorrespondentNILPHAMARI, May 6: Distribution of agriculture input support (AIS) cards has been completed in the district. A total of 280,413 cards have been distributed among the farmers.The Department of Agricultural Extension (DAE) sources said the main objective of the...

India to sell more rice, wheat at lower price

2010-05-07 00:00:00

NEW DELHI, May 6 (PTI): Concerned over the rising food inflation, the Indian government yesterday announced that it will sell wheat and rice through ration shops at a price lower than what it pays to procure from the market. Announcing...

Euro tumbles to 1.27 dollars

2010-05-07 00:00:00

LONDON, May 6 (AFP): The euro dived to the lowest level for more than one year today as deadly protests in debt-plagued Greece cast a shadow over the future of the eurozone and the single currency. At about 0700 GMT,...

Iraq to launch gas field auction

2010-05-07 00:00:00

BAGHDAD, May 6 (AFP): Iraq is set to call for bids from energy firms to develop its gas fields, the oil ministry said yesterday, as the war- ravaged country seeks new revenue sources to rebuild its battered economy. A report...

China to consider easing rules on US soy oil

2010-05-07 00:00:00

NEW YORK, May 6 (Bloomberg): China, the biggest user of cooking oils, may relax a barrier on imports of soybean oil from the US after it halted shipments from Argentina, three industry executives familiar with the matter said.The government today...

Oil rises in Asian trade

2010-05-07 00:00:00

SINGAPORE, May 6 (AFP): Oil was higher in Asian trade today after falling sharply in recent days, boosted by Japanese traders returning to the market following a long holiday, analysts said. New York's main contract, light sweet crude for June,...

Washington Post puts Newsweek up for sale

2010-05-07 00:00:00

WASHINGTON, May 6 (AFP): The Washington Post announced yesterday that it was putting money-losing Newsweek magazine up for sale. "Newsweek is a lively, important magazine and website, and in the current climate, it might be a better fit elsewhere," Washington...

Cambodian rice export lower

2010-05-07 00:00:00

PHNOM PENH, May 6 (Xinhua): Cambodia's rice exports were lower than expected due to problems in making connections with foreign customers, local media reported today, citing the industry sources. Phou Phuy, president of the Cambodian Rice Millers Association, was quoted...

exchange rate

2010-05-07 00:00:00

May 06 Thursday The following were the commercial banks' rates to public for some selectedforeign currencies with Bangladesh Taka in cash transaction Thursday.Selling rates to public (outward remittance)BankUSDEuroGBPJPYCHFCADAUDSCBsSonali Bank69.550090.6015105.58290.742163.250268.206263.5930Agrani Bank69.550090.3881105.49170.744263.170068.050963.3140FCBsStanChart69.6294.38107.810.7765.3670.0565.58HSBC 69.572991.6794106.88830.757363.584468.222363.9721Citibank naNANANANANANANABank of Ceylon69.590094.4501108.68130.766865.862269.092566.6742PCBsUttara Bank69.550090.8886105.71800.748462.974768.076463.4587AB Bank69.600091.7641106.64730.7537NANANABuying rates  from public (inward remittance)SCBsUSDEuroGBPJPYCHFCADAUDSonali...

Syndicated term loan facility worth US$ 114.49m for Biman

2010-05-07 00:00:00

FE ReportEastern Bank Ltd (EBL) has arranged a syndicated USD term loan facility of US$ 114.49 million for Biman Bangladesh Airlines Ltd. to finance Pre-Deliver Payment (PDP) to purchase two brand new Boeing 777-300ER aircrafts. The entire amount will be...

Hafiz re-elected Chairman of Pubali Bank

2010-05-07 00:00:00

Hafiz Ahmed Mazumder, MP was unanimously re-elected the Chairman of the Board of Directors of Pubali Bank Ltd Thursday.He was re-elected in the 766th Board Meeting of the bank held after 27th Annual General Meeting (AGM) on the day.Mr. Hafiz...

Pubali Bank okays 30 per cent stock, 5 per cent cash dividend

2010-05-07 00:00:00

FE ReportPubali Bank Limited approved 30 per cent stock dividend & 5 per cent cash dividend for its shareholders for the year ended December 31, 2009.The approval came at the 27th Annual General Meeting (AGM) of the bank held Thursday.Hafiz...

BRAC Bank launches 'Probashi Biniyog' for NRB investors

2010-05-07 00:00:00

FE ReportBRAC Bank Limited officially launched a new service whereby the Non-Resident-Bangladeshis (NRBs) can invest into the capital market of Bangladesh. The service, named 'Probashi Biniyog', was unveiled through a formal ceremony at a local hotel recently. 'Probashi Biniyog' is...

3-day laptop fair starts in Ctg

2010-05-07 00:00:00

Our CorrespondentCHITTAGONG, May 6: The three-day sixth Chittagong Laptop Fair started in the port-city Thursday with a call to 'light up the technological light'. Maker Communication has organised the fair at the Chittagong Gymnasium, adjacent to MA Aziz Stadium. City...