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BB won't encourage culture of waiving default farm loans

2010-05-03 00:00:00

FE Report Bangladesh Bank (BB) will not encourage the culture of waiving defaulted farm loans, the central bank governor said Sunday. "We would never encourage the culture of waiving defaulted agriculture loans, nor tolerate this culture," BB Governor Atiur Rahman...

Biman DC 10 lands at Ctg airport with a flap missing

2010-05-03 00:00:00

Our CorrespondentCHITTAGONG, May 2: An international flight of Biman Bangladesh airlines, the national flag carrier, on Saturday landed at Chittagong Shah Amanat International Airport with a missing flap, a part of the wing of the aircraft.Airport officials said, BG-022 of...

EC to give Jamaat second deadline

2010-05-03 00:00:00

The Election Commission (EC) Sunday decided to ask Jamaat-e-Islami to amend its constitution, so that it conforms to the electoral laws, reports bdnews24.com. The commission told the fundamentalist Islamist party to amend certain sections of its constitution by May 31...

SAARC is still far away from its stated goals

2010-05-03 00:00:00

THE 16th summit meeting of the South Asian Association for Regional Cooperation (SAARC) has ended amid the usual pageantry in the Bhutanese capital, Thimpu. The SAARC was founded in 1985 and, thus, the latest summit also marked the silver jubilee...

The dilemma over liquid fuel based power plants

2010-05-03 00:00:00

Shamsul Huq Zahid In Bangladesh, until now power is more or less is synonymous with crisis. But the government might soon be facing a real dilemma with the sector when a good number of new rental and peaking power plants...

Hardly any change after Right to Information Act

2010-05-03 00:00:00

Zubair HusseinThe Right to Information (RTI) Act has been in existence for over a year. But ironically, this Act which is full of significance in creating conditions for good governance, accountability of the government and promoting people’s basic rights to...

Move to weaken ACC?

2010-05-03 00:00:00

It was prominently written in the election manifesto of the Awami League that they would take tough and relentless steps against corruption.But thirteen months down the road they are sensed to be doing just the opposite. The Cabinet has proposed...

Medical centres sans licenses

2010-05-03 00:00:00

It is not that authorisation cannot be bought and sold for money in this country. Even then, it provides the assurance of a minimum of standard whereas the unauthorised ones are not bound by any regulation or supervision and prove...

WHO guidelines on HIV testing

2010-05-03 00:00:00

The new guidelines issued by the World Health Organisation to expand access to HIV testing mark a paradigm shift in the approach to detection of the viral infection.The emphasis will now be on making the facility available at all the...

Divine mandate, crappy deals

2010-05-03 00:00:00

Fazal M. KamalTHAT a mélange of hubris, power, money and avarice can be an awfully volatile brew has been known throughout human history. Yet, as is well-known by all, history keeps repeating itself, nauseatingly. The latest saga involving Goldman Sachs...

‘Pay income tax and be an honourable taxpayer’

2010-05-03 00:00:00

Abdullah Mohibuddin ‘Pay Income Tax and be an Hon’ble Taxpayer’ - this is the slogan of the National Board of Revenue (NBR). Bangladesh is now 38 years old, but unfortunately the NBR could collect the income taxes only from 600,000...

Asian stocks gain for third month as earnings spur optimism

2010-05-03 00:00:00

TOKYO, May 2 (Bloomberg): Asian stocks rose last week, as better-than-estimated company earnings and forecasts boosted confidence in global economic growth. Concerns over Europe's debt crisis weighed on gains. NEC Corp, Japan's largest maker of personal computers, jumped 5.4 for...

Abu Dhabi shares fall to two-month low

2010-05-03 00:00:00

NEW YORK, May 2 (Reuters): Chinese oil company MIE Holdings Corp shares are set to be priced higher than rivals, but the firm depends heavily on its relationship with a big state customer, making its planned initial public offering a...

Small IPOs trade way below their record highs

2010-05-03 00:00:00

MUMBAI, May 2 (Economic Times): Good things come in small packets, so goes the saying. But the adage will have to make an exception when it comes to the post-listing performance of quite a few small-sized (Rs 1.50 billion and...

KSE sees $80.285m net inflow in April

2010-05-03 00:00:00

KARACHI, May 2 (Business Recorder): The foreign investors' interest continued at the local equity market with a net inflow of $80.285 million witnessed in the month of April. However, this inflow was slightly lower as compared to $109.428 million invested...

Bonds continue their winning streak

2010-05-03 00:00:00

NEW DELHI, May 2 (Economic Times): The six-year bonds advanced for a fifth day, the longest winning streak in four months, on speculation that banks have surplus cash to invest in debt. The most-traded notes were poised for a second...

Wall St sinks on Goldman probe, but ends up for April

2010-05-03 00:00:00

NEW YORK, May 2 (Reuters): Stocks tumbled Friday to close out the worst week since January as news of a criminal probe into Goldman Sachs unnerved investors already anxious about the prospects for heavy regulation from Washington.US prosecutors in New...

Gold gains from Greek crisis, cocoa hits record high

2010-05-03 00:00:00

LONDON, April 30 (AFP): Commodity prices diverged this week as investors reacted to the Greek debt crisis that has affected major financial markets, traders said. There was meanwhile a record high for cocoa prices owing to strong demand and tight...

Japanese companies sign hydropower deal with Myanmar

2010-05-03 00:00:00

YANGON, May 2 (Xinhua): Two Japanese companies have reached respective contract agreements with Myanmar's power authorities to provide related services to a hydropower project in the country, an official daily reported yesterday. One agreement on consulting services of in-house engineering...

Shahnaz launches herbal cosmetic products in US

2010-05-03 00:00:00

WASHINGTON, Apr 2 (PTI): Known as the pioneer of herbal care in India and responsible for taking this traditional medicine system overseas, beauty expert Shahnaz Husain has launched plant stem cell cosmetic products in the US. Husain is currently in...

IBBL Gopalganj branch holds clients' gathering

2010-05-03 00:00:00

GOPALGANJ, May 2: A views exchange meeting and clients' gathering of Islamic Bank was held at Islamic Bank Bhaban in Gopalganj town Monday on the occasion of the bank's service month 2010.Gopalganj branch of Islamic Bank Bangladesh Ltd (IBBL) organised...

EAC leaders renew call for regional efforts to solve power shortage

2010-05-03 00:00:00

KAMPALA, May 2 (Xinhua): East African Community (EAC) leaders attending a regional investment conference here yesterday called for a regional approach to solving the power shortage their countries are facing. The leaders from the five EAC member states which include...

exchange rate

2010-05-03 00:00:00

May 02, Sunday The following were the commercial banks' rates to public for some selectedforeign currencies with Bangladesh Taka in cash transaction Sunday.Selling rates to public (outward remittance)BankUSDEuroGBPJPYCHFCADAUDSCBsSonali Bank69.550093.0199106.69840.747164.924568.715864.6275Agrani Bank69.550092.8571106.63240.749764.881568.644064.4059FCBsStanChart69.6294.38107.810.7765.3670.0565.58HSBC 69.608794.3003108.18950.767965.596568.842865.2207Citibank naNANANANANANANABank of Ceylon69.590094.4501108.68130.766865.862269.092566.6742PCBsUttara Bank69.550093.3830106.89150.754164.694468.678764.5833AB Bank69.600094.1741107.77930.7587NANANABuying rates  from public (inward remittance)SCBsUSDEuroGBPJPYCHFCADAUDSonali...

HIGHLIGHTS

2010-05-03 00:00:00

Nine MonthsOn STAR Movies Monday at 7:00 pmSamuel's fruitful, happy life completely falls apart when long-time girlfriend Rebecca suddenly announces she's pregnant. The thought of fatherhood and responsibility terrifies Samuel -- who just happens to be a child psychologist. Although...

Monday

2010-05-03 00:00:00

ATN BANGLAAm07:00 Sangbad 07:30 Positive Bangladesh08:00 Sangbad08:15 Ajker Shongbadpotro08:30 Drama Serial- Kagojer Ghor09:00 News Bulletins09:10 Kande Amar Ma09:15 Tatka National Dance Star10:00 Sangbad10:30 Talk show - Hello Bangladesh11:00 Sangbad 11:05 Asian City Vision 202011:30 Notun Chobir Gan12:00 Sangbad Bulletins12:15 Motamot01:00...

Nepal Maoists force shutdown in challenge to govt

2010-05-03 00:00:00

KATHMANDU, May 2 (AFP): Maoist former rebels patrolled the streets of Nepal's capital Kathmandu Sunday, enforcing a shutdown in a show of strength intended to pressure the government to step down.The Maoist party, which has the largest number of seats...

Thai cabinet holds emergency meeting on crisis

2010-05-03 00:00:00

BANGKOK, May 2 (AFP): Thailand's cabinet held an emergency meeting Sunday on how to quell the long-running standoff with anti-government 'Red Shirts' in Bangkok amid fears it could spiral into further violence.Government spokesman Panitan Wattanayagorn said the meeting at a...

Delhi on alert as embassies warn of attack

2010-05-03 00:00:00

NEW DELHI, May 2 (AFP): Thousands of police and paramilitary soldiers guarded New Delhi's markets and shopping centres Sunday after foreign embassies in India issued warnings of imminent militant attacks.The US, British, Australian and other Western embassies issued urgent alerts...

‘Iran to propose reforms to failed NPT’

2010-05-03 00:00:00

TEHRAN, May 2 (AFP): President Mahmoud Ahmadinejad said the nuclear Non-Proliferation Treaty (NPT) has failed and Iran will propose changes, as he left for New York on Sunday to take part in a conference to review the NPT.The hardline Iranian...

Conservatives eye power in knife-edge UK polls

2010-05-03 00:00:00

LONDON, May 2 (AFP): Britain votes next Thursday with opposition Conservative chief David Cameron battling to end his party's 13 years in the wilderness by ousting Prime Minister Gordon Brown's tired Labour government.But after a spectacular poll surge by the...