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Facilitating shipbuilding industries

2010-04-23 00:00:00

BANGLADESH, over the last thirty-nine years of its existence, has been able to develop only a few export-oriented industries of any significance, the readymade garments (RMG) industries being the main one of them. This alone shows up the imperative of...

Ensuring integrity and efficiency in the highest courts

2010-04-23 00:00:00

Enayet Rasul BhuiyanThe on-going uproar in the judicial realm of the country has put into sharp focus the issues that had been known for a long time but were strangely overlooked although the same demanded attention and reforms in the...

Disgusting and unacceptable

2010-04-23 00:00:00

Shamsher ChowdhurySome members of the 'blessed students' organisation under the present political power matrix raped a girl in a remote village some time back. They sold a video of the entire bizarre act and then the matter was hushed up...

Power crisis : Someone should answer

2010-04-23 00:00:00

Despite all the neglect and bungling in the power sector, the actual base period deficit compared to demand is not much more than 500 to 700mw and in the peak period some 1500 mw. But why have we been faltering...

Missing ethics in medical care

2010-04-23 00:00:00

It is an open secret that many doctors have an understanding with the numerous diagnostic centres that have cropped up in the country. Many of these so-called diagnostic centres are not even properly registered or have licenses. Even those which...

Islamic banking as an alternative approach: basis and legal framework

2010-04-23 00:00:00

S. M. Abu ZakerNow-a-days, Islamic banking is one of the fastest growing industries in the world. Large western multinational banks such as Standard Chartered Bank, Citibank NA, HSBC, Barclays have started Islamic modes of financing to diversify their large client...

Of breast lump and related breast conditions

2010-04-23 00:00:00

Anisur RahmanBreast lump or a swelling in the breast is a complaint frequently encountered by general surgeons. It is a common reason for a female patient to seek surgical help. Due to religious and cultural modesty prevailing in our society,...

Holidaying at Cox's Bazar

2010-04-23 00:00:00

Mohammad Shahidul IslamCox's Bazar is synonyms with the word "Holiday" or "Vacation". It is noted for is exotic nature beauty and breathtaking beaches. It is the longest uninterrupted beach in the world. It presents excellent tourist facilities. It attracts tourists...

Asian stocks fall, euro dips on Greece woes

2010-04-23 00:00:00

SINGAPORE, Apr 22 (Reuters): Asian stocks fell Thursday as several major US firms issued disappointing profit outlooks, casting doubts on the strength of a global recovery, and as investors grew impatient for action on Greece's debt crisis, which weighed on...

Sensex ends in green

2010-04-23 00:00:00

MUMBAI, Apr 22 (Economic Times): Benchmarks ended volatile session in the positive terrain but after paring most of intra-day gains. Oil & gas and auto stocks were amongst the top performing sectors while realty and metals resisted the upmove. Bombay...

US IPOs struggle to find the right price

2010-04-23 00:00:00

NEW YORK, Apr 22 (Reuters): Investors proved price-sensitive Wednesday as six initial public offerings priced at the bottom of the expected range or below it, according to underwriters.Another company priced at the midpoint of its expected range and sold more...

Essar launches $2.5b London energy IPO

2010-04-23 00:00:00

MUMBAI, Apr 22 (Reuters): Indian conglomerate Essar Group Thursday launched an initial public offer of shares of its energy and power businesses to raise about $2.5 billion in a London listing, three sources with direct knowledge of the matter said....

KSE index loses 51.31 points

2010-04-23 00:00:00

KARACHI, Apr 22 (Business Recorder): The Karachi share market Wednesday witnessed declining trend despite foreign investors' support, and the KSE-100 index lost 51.31 points to close at 10,590.21 points. Local investors preferred to offload their holdings on renewed concerns over...

EBay outlook falls short, shares drop

2010-04-23 00:00:00

SAN FRANCISCO, Apr 22 (Reuters): EBay Inc forecast results for the rest of the year that fell short of Wall Street expectations for a faster turnaround as the economy improves, sending its shares down more than 8 per cent.EBay is...

Pak panel asks to grant India 'Most Favoured Nation' status

2010-04-23 00:00:00

ISLAMABAD, Apr 22 (PTI): Pakistan government should consider granting India the 'Most Favoured Nation' status to exploit the huge trade potential as free trade relations with it will enable the country to achieve higher and more equitable GDP growth, an...

IMF expects 4pc growth for Nepal

2010-04-23 00:00:00

KATHMANDU, April 22 (Xinhua): World Economic Outlook released by the International Monetary Fund (IMF) has estimated a moderate recovery in the economic growth prospects for Nepal and predicted a 4 per cent GDP growth in 2010/11 as against 3.5 per...

Oil falls below $83 after inventories jump

2010-04-23 00:00:00

LONDON, Apr 22 (Reuters): Oil fell below $83 per barrel on Thursday after higher US inventories signaled demand in the world's top oil consumer was sluggish despite the global economic recovery.Crude stocks in the United States rose unexpectedly last week,...

Sugar drops in London, NY

2010-04-23 00:00:00

LONDON, Apr 22 (Bloomberg): Sugar fell in London and New York as the dollar strengthened and on speculation buyers are waiting for lower prices. Egypt's state-run Sugar and Integrated Industries Co cancelled a tender to buy 50,000 metric tons of...

GM repays US loan, govt loss on bailout falls

2010-04-23 00:00:00

WASHINGTON, Apr 22 (Reuters): General Motors Co and Chrysler Wednesday reported progress in their government-backed turnarounds, while the Obama administration still expects a loss on the taxpayer bailout of the industry although smaller than initially forecast.GM Chief Executive Ed Whitacre...

Asiatic Lab holds Annual Sales and Marketing Confce

2010-04-23 00:00:00

The Annual Sales and Marketing Conference-2010 of Asiatic Laboratories Ltd was at BIAM auditorium in the city Thursday, said a press release. Chairman of the company Tahmina Begum and Managing Director Monir Ahmed jointly inaugurated the conference. Around 600 officers...

China steel products exports rise

2010-04-23 00:00:00

BEIJING, Apr 22 (Commodity Online): China said Thursday its steel products exports increased by 69.5 per cent year on year but fell 2.0 per cent quarter on quarter to 8.71 million metric tons. In a statement issued here, China's Ministry...

exchange rate

2010-04-23 00:00:00

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 Bank69.550093.5791107.54910.757265.331169.925764.7253Agrani Bank69.550093.4344107.51570.758965.310469.917564.5937FCBsStanChart69.6296.26109.280.7867.3869.3965.87HSBC 69.608094.9149108.48510.769665.748370.185665.5637Citibank naNANANANANANANABank of Ceylon69.620095.2845109.17370.774666.539270.744867.6846PCBsUttara Bank69.550094.6267107.06610.765765.515968.936364.8487AB Bank69.600094.7574108.65440.7677NANANABuying rates  from public (inward remittance)SCBsUSDEuroGBPJPYCHFCADAUDSonali Bank68.600091.3756105.53040.731763.779768.270763.1719Agrani Bank68.600091.5280105.55860.728263.762268.371263.4785FCBsStanChart68.6290.63103.460.7362.9966.9362.05HSBC...

Thai protesters preparing for imminent battle in central Bangkok, agree to release military train

2010-04-23 00:00:00

BANGKOK, Apr 22 (agencies): The anti-government red-shirted protesters in Thailand's northeast province of Khon Kaen Thursday's afternoon agreed to release their blockade of the military train bounded for reinforcement in southern Thailand, the website of The Nation's newspaper reported.Hundreds of...

Kyrgyzstan to hold election on Oct 10

2010-04-23 00:00:00

BISHKEK, April 22 (AFP): Kyrgyzstan's interim government set a date for parliamentary and presidential elections, stepping up efforts to build legitimacy after the country's ousted president fled into exile.The elections will be held on October 10, said Omurbek Tekebayev, deputy...

Pak panel asked to grant India 'Most Favoured Nation' status

2010-04-23 00:00:00

ISLAMABAD, Apr 22 (PTI): Pakistan government should consider granting India the 'Most Favoured Nation' status to exploit the huge trade potential as free trade relations with it will enable the country to achieve higher and more equitable GDP growth, an...

Iran starts military drill in Persian Gulf

2010-04-23 00:00:00

TEHRAN, April 22 (Xinhua): Iran began a large-scale military exercise in the Persian Gulf and the Strait of Hormuz Thursday, local satellite Press TV reported.To show the country's defensive capabilities and determination to maintain security in the region, the Islamic...

European airspace reopens

2010-04-23 00:00:00

LONDON, April 22 (Xinhua): Europe's airspace is now quickly returning to normal business as about 80 percent of scheduled flights took off Wednesday and 100 percent expected for Thursday.With the Icelandic volcano at the source of this historic travel disruptions...

Change in banking sector a must for rapid industrialisation: Dilip

2010-04-23 00:00:00

FE ReportA far-reaching change in the banking sector including dropping of bank loan interest to single digit is a must for rapid industrialisation of the country, Industries Minister Dilip Barua said Thursday.He said banks give priority to product importers and...

IFIC Bank holds basic course for cash, IT officers

2010-04-23 00:00:00

IFIC Bank Ltd organised a two-day 'Basic course for cash/computer officers' recently.Senior Executive Vice President and Head of Training and Research Zaitun Sayef inaugurated the course at IFIC Bank Academy at Motijheel in the city.A total of 39 cash officers...

Pubali Bank donates Tk 0.5m to Sena Sahayak School

2010-04-23 00:00:00

Pubali Bank Ltd has donated Tk 0.5 million (5.0 lac) to Sena Sahayak School, an institute run under the patronisation of Sena Paribar Kalyan Samiti for the well-being of children with special needs, said a press release. Chairman, board of...