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Pragati's 'clandestine' sale of city plots irks DSE

2010-05-20 00:00:00

FE ReportThe leaders of Dhaka Stock Exchange (DSE) have alleged that Pragati Insurance Limited sold its plots with a size of 82.42 kathas at a lower price leaving its investors in the dark, despite the company's strong position in maintaining...

Coal-based power generation in N region urged

2010-05-20 00:00:00

FE ReportSpeakers at a seminar Wednesday demanded coal-based power generation and industrialisation in the region and 50 percent subsidy on fuel to help their industries compete with those running on gas. Gas is not available in most of the districts...

KL to consider legalising BD workers

2010-05-20 00:00:00

The Malaysian government will consider the long-standing issue of legalising the Bangladeshi workers in that country with utmost sincerity, reports BSS from Kuala Lumpur."We will put forward the issue of Bangladeshi workers before the government's recruitment committee soon," Malaysian Prime...

BEA backs whitening of money only in productive sectors

2010-05-20 00:00:00

FE Report The scope of whitening undisclosed money should not be allowed in the upcoming national budget on the economic and moral grounds, a forum of local economists said Wednesday."We're against whitening undisclosed money. Still it can be allowed only...

Greece gets first instalment of aid package

2010-05-20 00:00:00

From Fazle RashidNEW YORK, May 19: Greece received first instalment of 14.5 billion euros yesterday under the rescue package unveiled by the European Union in conjunction with the International Monetary Fund (IMF). Germany has contributed euros 4.4 billion and France...

Strengthening the NBR to increase revenue earnings

2010-05-19 00:00:00

Mamun RashidWHO knew a humble lunch could be so enlightening and insightful. A few days back, I had the distinct opportunity to attend a luncheon meeting with the LTU (Large Tax Payers Unit) officials of the National Board of Revenue...

Told and untold myths of stock market

2010-05-19 00:00:00

Anup ChowdhuryA "stock" is a share in the ownership of a company. It represents a claim on a company's assets and earnings. As one acquires more stocks, his or her ownership stake in the company becomes greater. In finance, a...

Creating real care-givers

2010-05-19 00:00:00

A recent seminar on 'private sector health' has once again pointed out that there is an acute shortage of manpower in the country's health sector, with only about one health worker -- nurse, paramedic, health technologist et al -- per...

Time to call a spade a spade

2010-05-19 00:00:00

Shamsher ChowdhuryWHY do we continue to be a nation plunged into chaos, poverty and all forms of injustices? Governments after governments have come and gone promising us the world. Yet by the time a government leaves its office we are...

Do the impressive SSC results prove quality of education?

2010-05-19 00:00:00

Masum BillahThe number of examinees securing the highest grade in the SSC and equivalent examinations under ten education boards this year has increased significantly over the figure of the previous years and the overall success rate also shot up. In...

The next budget should be investment friendly

2010-05-19 00:00:00

Every citizen has the right to know about the country’s welfare and economic development. There are many competent persons in various fields who have may make good suggestions for economic planning. It may not be that difficult to prepare a...

Leaders must abandon the habit of criticism and promises

2010-05-19 00:00:00

We were hoping, expecting and looking forward for a change after the Awami League government came to power with promises of 'Din Badaler Pala -- the charter of change and Digital Bangladesh' winning a landslide victory in general elections 2009.But...

Euro, Asian stocks edge up on bargain buying

2010-05-19 00:00:00

HONG KONG, May 18 (AFP): The euro edged up Tuesday and Asian markets rose on bargain hunting after hitting earlier lows due to news that a eurozone crisis meeting failed to reach a deal on a trillion-dollar rescue fund.Eyes had...

JBC opens on-line premium collection booth

2010-05-19 00:00:00

Jiban Bima Corporation (JBC) opened an on-line premium collection booth at its east zonal office in the city Monday, said a press release. Managing Director of JBC and Additional Secretary to the government Parikshit Datta Choudhury inaugurated the booth at...

Sensex hits 17000, capital goods, oil, gas up

2010-05-19 00:00:00

MUMBAI, May 18 (Economic Times): Indices gained momentum Tuesday as sentiments turned bullish with the positive opening of European markets. The upmvoe was led by capital goods and oil and gas space while metals and realty remained sluggish. At 1:15...

Greece gets $17.9b EU aid, to repay bond

2010-05-19 00:00:00

ATHENS, May 18 (Reuters): Greece received a 14.5-billion euro ($17.9 billion) emergency loan from the European Union Tuesday and will use some of the money to fully repay an 8.5-billion euro bond maturing the next day, officials said.It was Greece's...

IRFC raises Rs 11b via longest-tenure bonds

2010-05-19 00:00:00

MUMBAI, May 18 (Economic Times): Indian Railways Finance Corporation (IRFC) has raised Rs 11 billion by issuing the longest tenure non-government bond in the domestic market. The paper will mature after 25 years and offer semi-annualised coupon of 8.83 per...

Six cos in race for Axis Private Equity

2010-05-19 00:00:00

NEW DELHI, May 18 (Economic Times): Axis Bank has received bids from six suitors for its private equity arm, a sign that negotiations for a management buyout of the business have failed. IL&FS Investment Managers, Aditya Birla Private Equity, Shapoorji...

KSE index plunges 237.95 points

2010-05-19 00:00:00

KARACHI, May 18 (Business Recorder): The KSE-100 index Monday plunged by 237.95 points to close at 10,033.76 points level due to investors concerns over the bearish trend in regional markets and declining oil prices in the international market. The foreign...

US bond sales rise as contagion concern fades

2010-05-19 00:00:00

NEW YORK, May 18 (Bloomberg): Corporate bond issuance in the US is showing signs of a revival as investors speculate companies in the world's largest economy will be insulated from the worst of Europe's sovereign debt crisis. Borrowers came to...

Oil rebounds from five-month low

2010-05-19 00:00:00

NEW YORK, May 18 (Bloomberg): Crude oil rose after dipping below $70 a barrel to a five-month low in New York yesterday, on forecasts that demand is picking up in the USOil snapped five days of losses before a US...

China biggest threat to soya prices

2010-05-19 00:00:00

BEIJING, May 18 (Internet): Soya poses the biggest uncertainty to feed prices over the next 12 months. That was the verdict of producers at the Pig and Poultry Fair after the first of the open forums on prospects for feed...

Gold falls to one-week low

2010-05-19 00:00:00

LONDON, May 18 (Bloomberg): Gold fell to a one-week low in London as stock advances and a rebound by the euro curbed demand for the metal as a haven asset.European equities gained for the first time in three days as...

wCorn demand in South Korea to rise after sugar surge

2010-05-19 00:00:00

NEW DELHI, May 18 (Bloomberg): Corn demand in South Korea, the third-biggest buyer, may climb as much as 6 per cent after a surge in sugar prices earlier this year spurred a shift to the grain as a sweetener, the...

exchange rate

2010-05-19 00:00:00

May 18, Tuesday  The following were the commercial banks' rates to public for some selectedforeign currencies with Bangladesh Taka in cash transaction Tuesday.Selling rates to public (outward remittance)BankUSDEuroGBPJPYCHFCADAUDSCBsSonali Bank69.550086.2049100.64640.760261.481067.592860.9648Agrani BankNANANANANANANAFCBsStanChartNANANANANANANAHSBC NANANANANANANACitibank naNANANANANANANABank of CeylonNANANANANANANAPCBsUttara Bank69.550086.6196100.85640.766961.300867.582560.9092AB Bank69.600087.3888101.75800.7715NANANABuying rates  from public (inward...

HIGHLIGHTS

2010-05-19 00:00:00

Sukh By ChanceOn SONY SET Wednesday at 7-30 pm.Tina is upset but Mohan tells her that he has given the money to the man as he finds Rajesh and Dhiraj very immature. Mohan goes in and sees all getting ready...

Cannes films tap drama of financial crisis

2010-05-19 00:00:00

CANNES, May 18 (AFP): The scorched earth of the financial world has yielded a rich harvest for film-makers at the Cannes film festival, where documentaries and dramas are tapping the emotion behind the crisis.Among the non-fiction at the world's biggest...

Wednesday

2010-05-19 00:00:00

ATN Banglaam07:00 Sangbad07:30 Positive Bangladesh 08:00 Sangbad08:30 Drama serial- Kothay Pabo Tare09:00 News Bulletins09:10 Drama - Kande Amar Ma10:00 Sangbad10:30 Hello Banglades11:15 Asian City Vision 202012:00 Sangbad Bulletins12:15 It Zone01:00 Sangbad Bulletins01:25 Band Vew02:00 Sangbad02:30 Drama serial -Baba03:00 Sangbad Bulletins03:15...

Govt starts construction of API Park next month

2010-05-19 00:00:00

FE ReportThe government starts construction work of the country's first industrial park for medicine raw materials next month in a major boost to the fast-booming pharmaceutical sector, an official said Sunday.Prime Minister Sheikh Hasina will open ground-breaking work of the...

Trust Bank launches new SME product

2010-05-19 00:00:00

Trust Bank Limited (TBL) launched a new SME product with cluster approach titled 'Trust-Bunon' to promote, develop and finance power loom, handloom and other allied industries at a launching ceremony at Dhaka Chamber of Commerce and Industry (DCCI) auditorium Monday,...