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Export income gallops in July-Mar

2010-05-05 00:00:00

Mashiur RahamanBangladesh grossed the highest ever monthly export income in March, thanks to the continued rise in jute goods export and partial recovery of the frozen foods market as well as that of readymade garments (RMG).Earning a net US$ 1515.75...

Ban on egg, chick import from India

2010-05-05 00:00:00

BENAPOLE, May 4: The government has banned import of eggs and chicks from India in view of avian flu/bird flu in parts of that country. A notification of the National Board of Revenue (NBR) imposing the ban reached the Benapole...

Govt served notice on Buriganga pollution

2010-05-05 00:00:00

The High Court Tuesday asked the government to show cause as to why it should not be ordered to take effective measures to protect the Buriganga River from pollution. At the same time, the court also asked for deployment of...

Stiff competition forcing businesses to spend more on advertisement

2010-05-05 00:00:00

Jasim Uddin Haroon Local companies are aggressively spending on advertisements due mainly to growing competitions in the domestic market, bringing fortune to the advertising agencies. The companies have almost doubled their budget for commercials, hiring creative people with attractive compensation...

BPO starts mobile money order operation today

2010-05-05 00:00:00

Sonia H MoniBangladesh Post Office (BPO) starts operation of its Mobile Money Order, an electronic money transfer service for the people, on Wednesday.M Mobasherur Rahman, Director General of BangladeshPost Office (BPO). Said although Prime Minister Sheikh Hasina inaugurated the electronic...

Garlic price shoots up to Tk 130 a kg

2010-05-05 00:00:00

Monira MunniPrice of garlic shot up 26.32 percent to Tk130 a kilogram in a period of one month at the retail market in the city, which traders blame on higher import cost. The imported garlic sold in the range between...

Body of ASI found in Tangail

2010-05-05 00:00:00

FE Report An assistant sub-inspector (ASI) of Ramna police station was found dead at Chharpara of Mirzapur in Tangail Tuesday. Mirzapur police said they recovered the body of Shah Mizanur Rahman (35) from beside the Dhaka-Tangail Highway at about 7:30am....

Iran, US hurl invectives against each other

2010-05-05 00:00:00

From Fazle RashidNEW YORK, April 04: Iran and the US hurled choicest invectives and diatribes against each other at the opening of the international conference to review the nuclear non-proliferation treaty in the United Nations yesterday.Iran's President Mahmoud Ahmedinejad, being...

Nine workers stranded in Liberia return today

2010-05-05 00:00:00

A Z M AnasThe state-run manpower bureau has taken up steps to bring home nine out of 36 Bangladeshi workers stranded in Liberia for allegedly attempting to sneak into a European country, officials said Tuesday.Officials at the Bureau of Manpower,...

Call to extend tenure of 8 closed-end mutual funds

2010-05-05 00:00:00

FE ReportThe state-owned Investment Corporation of Bangladesh (ICB) has requested the securities regulator to extend the tenure of its eight closed-end mutual funds that are scheduled for redemption by 2011.Closed-end mutual funds had no specific tenure or maturity period when...

Now it's lead in vegetables

2010-05-04 00:00:00

The Bangladesh Council of Scientific and Industrial Research (BCSIR) let it be known recently that it had detected the presence of lead in five of Bangladesh's most loved vegetables, namely potatoes, red spinach, cabbages, radishes and beans. Samples of these...

Scientists and politicians in power crisis

2010-05-04 00:00:00

Lutfor RahmanTHE crisis in electricity generation and transmission is widening gaps among the political parties. Almost every body in the country is affected by the shortage of power generation. The opposition party naturally takes it as a serious issue for...

Freeing Dhaka from chaos and congestion

2010-05-04 00:00:00

Khondkar A Saleque In this modern age of technology boom is it necessary that all government ministries should remain confined in one place -- the Bangladesh Secretariat? Much of the Dhaka city's congestion will be eased if government ministries can...

Aliens and Us!

2010-05-04 00:00:00

Stephen Hawking; the scientific authority of our generation; has advised us to avoid trying to seek out aliens from space. His reasons for avoiding our contacts with them (aliens) is based on our inglorious history of the so-called civilized West;...

Urban Transport Development

2010-05-04 00:00:00

Ayub Haroon's article on the subject, published in your Editorial page (27 April 2010); should attract the attention of the relevant government authorities concerned, Commuter transport in and around Dhaka is becoming more chaotic day by day!Cheap and convenient mass...

Contract farming in ensuring inputs for the farmer, modernising agriculture sector

2010-05-04 00:00:00

Asif MahfuzThe government of Bangladesh has taken initiatives to reach finance to the poor farmers in the rural areas. Farmer's access to finance is one of the major problems in the rural areas. This is a major drawback to achieve...

The Thimphu Declaration and Statement

2010-05-04 00:00:00

Mohammad Shahidul IslamON 28 April, the 16th SAARC Summit met in picturesque Thimphu, capital of the Kingdom of Bhutan. The Summit marked the 25th anniversary of its founding. SAARC has come a long way since its inception. Though it may...

Asian stocks drop as China raises bank reserves

2010-05-04 00:00:00

SINGAPORE, May 3 (AP): Asian stocks fell Monday after China ordered banks to raise their reserves, the latest in a series of moves aimed at curbing inflation and surging property prices. European shares opened lower.Hong Kong's Hang Seng index led...

Bata begins new campaign

2010-05-04 00:00:00

Bata Shoe Company (Bangladesh) Ltd began a new campaign in a Bata outlet "Chomkano Offer", says a press release. Managing Director of the company Rajeev Gopalakrishnan formally inaugurated the campaign in the city recently. Consultant of Business Development of the...

China Agbank to apply for $30b IPO

2010-05-04 00:00:00

BEIJING, May 3 (Reuters): Agricultural Bank of China, one of the country's big four lenders, plans to file applications this week for its dual listing in Shanghai and Hong Kong.The planned IPO, the world's biggest ever, could raise as much...

HDFC Q4 net jumps 26pc, approves stock

2010-05-04 00:00:00

MUMBAI, May 3 (PTI): Housing lender HDFC Ltd Monday said its net profit jumped 26.31 per cent to Rs 9.26 billion for the January-March quarter on the back of fall in expenditure. The company, which saw income from interest fall...

Greek bond yields ease

2010-05-04 00:00:00

PARIS, May 3 (AFP): The interest rate Greece must pay to borrow for 10 years fell to 8.715 per cent in morning trading Monday from 8.938 per cent Friday, in response to an imminent debt rescue agreed last weekend.The rate,...

Investors can take exposure to IIFL for a long term

2010-05-04 00:00:00

MUMBAI, May 3 (Economic Times): India Infoline (IIFL) has transformed itself from being an equity research firm to financial services conglomerate in the past 15 years. Apart from equity broking, the company now has presence in commodity broking, investment banking,...

NVC Lighting targets up to $272m in HK IPO

2010-05-04 00:00:00

HONG KONG, May 3 (Reuters): Chinese lighting products supplier NVC Lighting plans to raise up to $272 million in a Hong Kong initial public offering, a source close to the deal said Monday.The company, which kicked off its marketing road...

NVC Lighting targets up to $272m in HK IPO

2010-05-04 00:00:00

KARACHI, May 3 (Business Recorder): The Karachi share market witnessed bearish trend during the week ended on April 30 due to uncertainty regarding the economic outlook of the country stemming from unprecedented energy shortage despite healthy corporate results. The benchmark...

EU bailout, US slick drive up oil prices

2010-05-04 00:00:00

SINGAPORE, May 3 (AFP): Oil prices extended gains in Asian trade today after Europe's endorsement of an aid deal for Greece and on expectations of a US supply drop caused by a giant oil slick, analysts said. New York's main...

Viyellatex: An alternative to chemical fertiliser

2010-05-04 00:00:00

Kitchen wastage is no longer a throw away matter. Now the refusals are being mixed with micro dust, a waste from spinning mills, and used in the production of high quality compost fertiliser by Viyellatex Ltd.In a test conducted by...

Asian economy must focus on regional consumers

2010-05-04 00:00:00

TASHKENT, May 3 (AFP): Asian Development Bank President Haruhiko Kuroda today urged Asia's economies to focus less on exports and more on meeting regional consumer demand, without overlooking environmental concerns. Haruhiko, addressing the opening of the ADB's board of governor's...

S Korea to develop faster electric bikes

2010-05-04 00:00:00

SEOUL, May 3 (AFP): South Korea's government today announced plans to spend seven million dollars developing high- performance electric motorcycles by 2013 to reduce petrol consumption and emissions. It would receive government funds of 7.84 billion won (7.04 million dollars)...

China's novel approach to iron ore negotiations

2010-05-04 00:00:00

BEIJING, May 3 (Xinhua): In response to the world's top three iron ore suppliers' negotiation attitude of "take it or leave it", China can both take it and leave it in different ways, experts say. "It seems China has accepted...