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Joypurhat municipality budget announced

2010-04-01 00:00:00

Our CorrespondentJOYPURHAT, Mar 31: Joypurhat Pourashobha (municipality) announced its annual budget for the fiscal 2010-11 Sunday. Fazlur Rahman, mayor of Joypurhat Pourashobha, announced the budget. He said in the upcoming budget revenue income had been fixed at Tk 5,69,81,701 and...

KSE index adds 17.31 points

2010-04-01 00:00:00

KARACHI, Mar 31 (Business Recorder): After witnessing mixed trend, the KSE-100 index finally closed at 10.073.77 points level with a net gain of 17.31 points. The Karachi share market opened on a positive note and the index hit 10,131.08 points...

Godrej Prop to transfer 49pc stake

2010-04-01 00:00:00

MUMBAI, Mar 31(Reuters): Godrej Properties Ltd said Wednesday it has entered into agreements to transfer 49 per cent equity share in unit Godrej Sea View Properties Pvt Ltd to HDFC PMS for Rs 550 million. In the first tranche, the...

India extends ban on pulses export

2010-04-01 00:00:00

NEW DELHI, Mar 31 (PTI): The Indian government yesterday extended the ban on pulses exports by one more year till next March 31, a decision aimed at augmenting domestic availability and checking prices. "The period of validity of prohibition of...

Gold gains on weaker dollar

2010-04-01 00:00:00

LONDON, March 31 (Bloomberg): Gold gained in London, heading for a sixth quarterly increase, as a weaker dollar and improving economy increased demand for the precious metal.The dollar slipped as much as 0.4 percent against the euro as German unemployment...

Oil posts modest gains ahead of key data

2010-04-01 00:00:00

LONDON, MARCH 31 (AFP): Crude futures made modest gains Wednesday as traders awaited inventory data from the US Department of Energy and looked ahead to US nonfarm payroll data, due Friday."The key statistic of the week will come out on...

Shahid new ED of Hotel Dhaka Regency

2010-04-01 00:00:00

Shahid Hamid MIH has been promoted as Executive Director of Hotel Dhaka Regency. Earlier Hamid was the General Manager of the same hotel, said a press release.During his 32 years of career in hotel management, he held various positions of...

exchange rate

2010-04-01 00:00:00

March 31, Wednesday The following were the commercial banks' rates to public for some selectedforeign currencies with Bangladesh Taka in cash transaction WednesdaySelling rates to public (outward remittance)BankUSDEuroGBPJPYCHFCADAUDSCBsSonali Bank69.550093.7189105.17150.762565.521068.634963.9844Agrani Bank69.550093.4692105.01190.754165.413968.536663.7104FCBsStanChartNANANANANANANAHSBC 69.591594.9994105.37100.773665.790668.308663.8329Citibank naNANANANANANANABank of Ceylon69.540095.0291106.32930.771066.532769.090966.4246PCBsUttara Bank69.550094.3123104.25110.765365.227668.236063.4238AB Bank69.600094.8269106.20280.7632NANANABuying rates  from public (inward remittance)SCBsUSDEuroGBPJPYCHFCADAUDSonali...

Iran N negotiator visits China amid sanctions pressure

2010-04-01 00:00:00

TEHRAN, Mar 31 (AFP): Iranian nuclear negotiator Saeed Jalili was heading to China to discuss Tehran's atomic programme, a report said Wednesday, as world pressure grew for fresh sanctions against the Islamic republic.Iran's official news agency IRNA reported that Jalili,...

Suicide attacks kill 12 in Russia

2010-04-01 00:00:00

MOSCOW, Mar 31 (Internet): Two explosions killed at least 12 people in the volatile North Caucasus region Wednesday in what appeared to be attacks targeting the police, investigators from the Russian prosecutor's office said.One of the explosions was caused by...

Allawi accuses Iran of interference

2010-04-01 00:00:00

LONDON, Mar 31 (AFP): Former Iraqi premier Iyad Allawi accused neighbouring Iran Tuesday of seeking to prevent him becoming prime minister again, after his bloc emerged strongest from national elections.Tehran was interfering in the election process in Iraq, where his...

Thai protesters ready for fresh mass rally

2010-04-01 00:00:00

BANGKOK, Mar 31 (AFP): Thai Red Shirt protesters geared up Wednesday for another weekend of mass rallies, ignoring Prime Minister Abhisit Vejjajiva's offer of a third round of talks to negotiate early elections.The red-clad champions of fugitive ex-premier Thaksin Shinawatra...

Switzerland asked to reopen case against Zardari under court pressure

2010-04-01 00:00:00

ISLAMABAD, Mar 31 (AFP): Pakistan has asked Swiss authorities to reopen a money laundering case against President Asif Ali Zardari under court pressure, an anti-corruption watchdog said Wednesday.Although Zardari is immune from prosecution while in office, his government has come...

news digest

2010-04-01 00:00:00

Pakistan opens trial of five AmericansSARGODHA, Pakistan, Mar 31: A Pakistani court Wednesday formally opened the trial of five Americans charged with terrorism and plotting attacks, which could see them jailed for life, lawyers said. The five men aged 19...

Muhith stresses performance auditing of public funds

2010-04-01 00:00:00

FE ReportThe country is yet to introduce performance auditing though accurate auditing is very important in case of public funds, Finance Minister AMA Muhith said Wednesday."Auditing is not only a matter of accounting but a step towards a bigger objective....

IFIC Bank 1st Mutual Fund trading begins today

2010-04-01 00:00:00

FE ReportThe trading of IFIC Bank 1st Mutual Fund begins today (Thursday) on Dhaka Stock Exchange and the Chittagong Stock Exchange.IFIC Bank 1st Mutual Fund received the final approval for listing Monday, according to market sources. IFIC Bank is the...

'Increased CSR in RMG to help gain duty-free access to US market'

2010-04-01 00:00:00

FE Report Centre for Policy Dialogue executive director Mustafizur Rahman said Tuesday increased corporate social responsibility (CSR) activities in garment sector would help Bangladesh gain duty-free access to the US market.He said this at the MoU signing ceremony between Bangladesh...

Dhaka Bank AGM approves 25pc stock dividend

2010-04-01 00:00:00

The shareholders of Dhaka Bank Limited approved 25 per cent bonus share as the dividend for the year 2009 at the 15th annual general meeting (AGM) of the company.Dhaka Bank Chairman Altaf Hossain Sarker presided over the meeting held at...

BGMEA makes 7-point proposal on bailout package for sick industries

2010-04-01 00:00:00

FE ReportThe local apparel producers have come up with a seven-point proposal on the bailout package, announced for 270 sick industries, terming it 'unrealistic.'Bangladesh Garment Manufacturers and Exporters Association (BGMEA) put forward the seven-point proposal, so that the owners can...

Thrust on better business with Canada

2010-04-01 00:00:00

FE Report Foreign Affairs Minister Dipu Moni urged Wednesday the local business community to explore the untapped potential of Bangladeshi products in Canadian market. She was speaking at a ceremony marking the milestone of the annual two-way trade between Bangladesh...

LankaBangla approves 35pc dividend

2010-04-01 00:00:00

FE ReportLankaBangla Finance Ltd approved 15 per cent cash and 20 per cent stock dividends (bonus shares) for its shareholders for the year ended December 31, 2009 Tuesday.The approval came at the 13th Annual General Meeting of the leading non-banking...

SME Foundation AGM held

2010-04-01 00:00:00

FE ReportSmall and Medium Enterprise (SME) Foundation held its 4th Annual General Meeting (AGM) Tuesday in the city, a press release said.Aftab-ul-Islam, chairman of SME Foundation presided over the meeting while Syed Rezwanul Kabir, managing director and chief executive officer...

IBFB, BICF to strengthen pvt sector

2010-04-01 00:00:00

The International Business Forum of Bangladesh partnered with the Bangladesh Investment Climate Fund to strengthen the private sector's ability to identify constraints and design solutions that will help create jobs in Bangladesh.BICF, managed by the International Finance Corporation, in partnership...

StanChart strengthens brand to sustain its growth in the world's fastest-growing economies

2010-04-01 00:00:00

Standard Chartered will today (Thursday) begin rolling out a global brand campaign focused on its commitment to being a positive force in the markets where it operates across Asia, Africa and the Middle East, said a press release. The campaign...

Gaining knowledge of HRD issues stressed

2010-04-01 00:00:00

FE Report Dhaka Chamber of Commerce and Industry (DCCI) has stressed the need for gaining knowledge of HRD issues to achieve success in the competitive global market. Rafiqul Islam Khan, director of the chamber while speaking at the certificate awarding...

TBL w'shop on automated loan classification & Basel II

2010-04-01 00:00:00

FE Report A daylong workshop on "Automated Loan Classification and Basel II Reporting" was held at Trust Bank Ltd Training Academy in the city recently, said a press release.The workshop was organised for managers, deputy-managers and head of credit of...

Bank Asia opens SME service centre at Jurain

2010-04-01 00:00:00

The 5th SME service centre of Bank Asia was inaugurated at Jurain in the city Monday with a view to promoting small and medium enterprises in the area, said a press release.Erfanuddin Ahmed, president and managing director of the bank...

BIA training on life insurance

2010-04-01 00:00:00

FE ReportBangladesh Insurance Association (BIA), in cooperation with General Insurance Corporation of India, organised a day-long training programme on 'Life Insurance' at its training centre in the city Tuesday. A total of 34 officials from 16 life insurance companies participated...

IPO Diary

2010-04-01 00:00:00

Icb Amcl Third Nrb Mutual Fund NameICB AMCL Third NRB Mutual FundNature of the fundClose-end Mutual Fund of 10 (Ten) years tenureSubscription OpensMarch 28, 2010Subscription ClosesApril 01, 2010For Non Resident BangladeshiMarch 28, 2010 to April 10, 2010Offer PriceTk. 10.00 per...

HIGHLIGHTS

2010-04-01 00:00:00

Bidaai On STAR PLUS Thursday at 9-30 pm. Bidaai is a story of two sisters, Sadhna (beautiful) and Ragini (unattractive). Sadhna is the adopted child in the family.Life is pleasant for Sadhna as she is beautiful but society is a...