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Volatility continues, Sensex down 160 points

2010-05-06 00:00:00

MUMBAI, May 5 (Business Standard): The Sensex attempted a marginal recovery around noon trades but has again now slipped deeper into the red owing to weakness in metal and realty stocks. The index is now at 16,941, down 195 points....

Acute budget deficit hampering RU development activities

2010-05-06 00:00:00

RU CorrespondentRAJSHAHI UNIVERSITY, May 05: Budget deficit of Rajshahi University (RU) is on the rise with no sign of recovery in sight. Existing budget deficit of about Tk 93.5 million is leading the university towards uncertainty hampering its higher studies,...

Prudential delays rights issue

2010-05-06 00:00:00

LONDON, May 5 (AFP): British insurer Prudential Wednesday said it had decided to delay launching a rights issue aimed at helping to fund a 35.5-billion-dollar takeover of AIA, the Asian arm of troubled US insurer AIG.Prudential, which had been expected...

KSE index gains 78.30 points

2010-05-06 00:00:00

KARACHI, May 5 (Business Recorder): Fresh buying was witnessed at the local share market Tuesday on the back of revived investors' interest due to release of coalition support fund, and the KSE-100 index rose by 78.30 points to close at...

Knife-edge poll goes down to the wire

2010-05-06 00:00:00

LONDON, May 5 (AFP): Party leaders criss-crossed Britain in a frantic final day of election campaigning Wednesday as they tried to win over undecided voters ahead of what is expected to be the closest ballot contest in years.Prime Minister Gordon...

Iran may take Brazil mediation to revive atom deal

2010-05-06 00:00:00

TEHRAN, May 5 (Reuters): Iranian President Mahmoud Ahmadinejad has agreed 'in principle' to Brazilian mediation to revive a UN-brokered nuclear fuel swap deal with world powers, the semi-official Fars news agency said Wednesday.The powers see the deal as a way...

NY security toughens as bomb suspect charged

2010-05-06 00:00:00

NEW YORK, May 5 (AFP): New Yorkers faced tougher, more visible security measures as the arrest of a Pakistani-American in connection with the Times Square bomb plot and a widening global investigation kept the city on edge."We always have to...

Thai 'Reds' hint at end to protests, press demands

2010-05-06 00:00:00

BANGKOK, May 5 (AFP): Thailand's 'Red Shirts' hinted Wednesday they could soon end weeks of anti-government protests, but demanded a firm date for the dissolution of parliament before tearing down their barricades.Despite signs the crippling political crisis could be nearing...

news digest

2010-05-06 00:00:00

Indian plane scare caused by Russian in burqaKOLKATA, May 5: An Indian plane made an emergency landing in Kolkata Wednesday after two Russian passengers, including a woman in a burqa, behaved "suspiciously" on board, an airport official said. The pilot...

CSR tax-benefit area to be extended

2010-05-06 00:00:00

Doulot Akter MalaThe government is set to extend the tax-benefit area of Corporate Social Responsibility (CSR) in a bid to encourage corporate houses to invest more on public welfare and social development.The National Board of Revenue (NBR) will include some...

HSBC declares winners of young entrepreneur awards

2010-05-06 00:00:00

FE ReportThe Hong Kong and Shanghai Banking Corporation (HSBC) in Bangladesh Wednesday awarded three groups of young entrepreneurs under the 'Young Entrepreneur Awards (YEA) 2009-10' programme.The grand finale followed by award distribution ceremony of the award programme was organized at...

NSU board pleads for tax exemption

2010-05-06 00:00:00

FE ReportMr. M.A Kashem, Chairman of the board of governors and North South University (NSU) Foundation, appealed to the government Wednesday to relieve the private universities of their tax burden. In an exchange of opinion with the newspaper editors and...

StanChart Head of Sales South Asia in city

2010-05-06 00:00:00

FE ReportRicha Khanduri, Managing Director - Head of Sales South Asia- Financial Markets, Standard Chartered is in Dhaka for a short visit. During her stay in the capital, she will be meeting with regulators and key customers of the Bank,...

New chairman, secretary of DRC-ICAB

2010-05-06 00:00:00

Mr. Mostafa Kamal and Mr. AKM Saif Ullah Kowchar were elected Chairman and Secretary respectively of Dhaka Regional Committee (DRC) of the Institute of Chartered Accountants of Bangladesh (ICAB) for the year 2010.They were elected at the 30th Annual General...

Only 35,647 get overseas jobs in April

2010-05-06 00:00:00

FE ReportThe country's overseas employment industry continued to suffer in April, witnessing a 25 per cent fall in January-April '10 period against corresponding period of last year, government statistics revealed.Adding only 35,647 in April, total number of fresh overseas employment...

World Bank approves $292m additional fund for two ongoing projects

2010-05-06 00:00:00

The World Bank approved Tuesday additional financing of US$292 million for two ongoing projects in Bangladesh. Of the amount, US$257 million will be provided as long term financing for infrastructure through the Investment Promotion and Financing Facility (IPFF) project and...

Citi, D.Net launch first round of Citi Financial IT Competition

2010-05-06 00:00:00

FE ReportThe Citi Financial IT Case Competition (CFICC), supported by Citi Foundation, the philanthropic arm of Citi and organized by Citibank, N.A. Bangladesh and D.Net (Development Research Network) launched the first round of 2nd CFICC Wednesday. The first round was...

State agencies plan to take lead in sending workers abroad

2010-05-06 00:00:00

A Z M AnasThe government is pressing ahead with its plan to send workers abroad by state agencies in a move to rein in the overwhelming dominance of private recruiters, blamed for pushing up the cost of overseas migration, officials...

Two medical expos kick off in city

2010-05-06 00:00:00

FE ReportTwo four-day international exhibitions on medical, pharmaceutical and healthcare products and services kicked off at Bangabandhu International Conference Centre in the city Wednesday.Health Minister AFM Ruhul Haque inaugurated as the chief guest the '3rd Meditex Bangladesh 2010 International Expo'...

NetApp appoints Spectrum as 'gold partner' in country

2010-05-06 00:00:00

FE ReportNetApp, a leading IT firm of the world, has appointed Spectrum Engineering Consortium as its Gold Partner in Bangladesh recently. The company will provide storage and data management solutions across the country. Businesses in Bangladesh will now have easy...

GATI Ltd, XPRESS Int'l sign deal

2010-05-06 00:00:00

GATI Ltd and XPRESS International Bangladesh Ltd signed a memorandum of understanding (MoU) for operating GATI's business in the country announced at a conference in the city Tuesday, says a press release. The Chief International Business Officer of GATI Sameer-Khatri,...

Thursday

2010-05-06 00:00:00

ATN Banglaam07:00 Sangbad07:30 Positive Bangladesh08:00 Sangbad08:30 Drama Serial- Kothay Pabo Tare09:00 News Bulletins09:10 Kande Amar Ma09:15 Asian City Vision 202010:00 News10:30 Hello Bangladesh11:00 News11:10 film - 02:30 Drama- Borishal Bonam Nowakhali03:45 Shundor Jiboner Jonno'04:00 Sangbad Bulletins04:25 Location05:00 Gram Ganger Sangbad05:10...

Illegal establishments in three rivers will be evicted soon

2010-05-06 00:00:00

NARAYANGANJ, May 5 (UNB): The district administration will soon start evicting the illegal establishments set up on the banks of Shitalakhya, Balu and Buriganga rivers as the Supreme Court upheld the High Court judgment.The administration has already taken adequate preparations...

PM attends office at AFD

2010-05-06 00:00:00

Prime Minister (PM) Sheikh Hasina, who is also in charge of the Defence Ministry, attended her office at the Armed Forces Division (AFD) Wednesday, reports UNB.On her arrival at the Armed Forces Division in the morning, the PM was received...

One or two depressions likely in the Bay in May

2010-05-06 00:00:00

One or two depressions are likely to occur over the Bay of Bengal in May, of which one may turn into a storm with the possibility of normal showers across the country, reports UNB.The South Western Monsoon on the other...

Indian citizen held with heroin

2010-05-06 00:00:00

FE ReportThe Department of Customs Intelligence and Investigation Wednesday arrested an Indian citizen at Hazrat Shahjalal International Airport along with 20 kilograms of heroin-like powder.The arrested person was identified as Maro Khamu Ju Mugogu, was on his way to Singapore...

Trial under Speedy Tribunal Act

2010-05-06 00:00:00

FE ReportThe Inspector General of Police, Noor Mohammad, warned Wednesday that extortionists, eve-teasers, campus miscreants and tender manipulators will be tried under the Speedy Tribunal Act.The measure would help stem the rising incidents of crimes, he said. The warning from...

JNU to withdraw increased fees

2010-05-06 00:00:00

DU CorrespondentJagannath University (JNU) students Wednesday morning demonstrated on the campus demanding immediate cut of the recent hike in seminar, transport and monthly fees. Hundreds of students from all 28 departments of the university joined the demonstration, boycotting classes, to...

Clarification

2010-05-06 00:00:00

Dhaka Electric Supply Company Ltd (DESCO) has clarified its position over a news item titled "DESCO set to build up 100 mw power plant," with the FE saying no decision whatsoever has been taken to build any power plant having...

Flame Boys Club beat Shawons Club

2010-05-06 00:00:00

Flame Boys Club beat The Shawons Club by 54-21 points (1st half 22-14) in a match of the Premier Bank Metropolis 1st Division Basketball League at the Dhanmondi Wooden Floor Gymnasium in the city Wednesday, reports UNB.In the day's other...