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EBL approves 20pc cash and 17pc stock dividend

2010-03-31 00:00:00

FE ReportThe shareholders of Eastern Bank Ltd has approved Cash Dividend @ 20 per cent and Stock Dividend (Bonus Share) @ 17 per cent for the year ended December 31, 2009.The approval came at the 18th Annual General Meeting (AGM)...

Real potential for m-money in Bangladesh identified

2010-03-31 00:00:00

FE ReportContrary to the popular notion that says only the big businesses benefit from mobile money, the true potential in Bangladesh lies among the poor, research LIRNEasia, an Asia Pacific think tank on telecom policy and regulation revealed in the...

Prime Bank leads BB Road Show at Comilla

2010-03-31 00:00:00

FE ReportThe Road Show of Bangladesh Bank with a slogan 'Journey of Development'- Teknaf to Tentulia' reached Comilla on the third day of the show Sunday afternoon. Prime Bank was playing as the leading bank at Comilla, said a press...

'Unwise' route selection causes Biman to pay addl $40,000 per Dhaka-London flight

2010-03-31 00:00:00

Mashiur RahamanThe state-run Biman has to pay an additional amount of US$40,000 per Dhaka-London-Dhaka flight due to unwise selection of 'southern route' instead of preferred 'northern route', a Biman high up has told the FE."The comparatively lengthy southern route -...

CCCI trade fair ends

2010-03-31 00:00:00

Our CorrespondentCHITTAGONG, Mar 29: The month-long Chittagong International Trade Fair (CITF) organised by Chittagong Chamber of Commerce and Industry (CCCI) concluded in the city Saturday last.State Minister for Environment and Forest Dr Hasan Mahmud, as chief guest, addressed the closing...

BTCCI bids farewell to outgoing Thai envoy

2010-03-31 00:00:00

FE ReportA farewell was accorded to Chalermpol Thanchitt, ambassador of Thailand to Bangladesh, by the members of Bangladesh Thai Chamber of Commerce and Industry (BTCCI) led by its President MA Momen and board of directors.The BTCCI president, in his welcome...

IPO Diary

2010-03-31 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...

Shakib to lead the team for ICC World T20 West Indies 2010

2010-03-31 00:00:00

Shakib Al Hasan will lead the Bangladesh team for the ICC World T20 West Indies 2010 with former captains Mohammad Ashraful and Mashrafe Bin Mortaza being included in a 15-member squad announced Tuesday by Bangladesh Cricket Board (BCB), reports BSS.BCB's...

Sir John Wilson School beats Green Herald

2010-03-31 00:00:00

Maisha's brace enabled defending champions Sir John Wilson School booters to display their impressive form as they blanked Green Herald International School by 2-0 goals in the inaugural match of the Citycell Metropolis Women's School Football at Dhanmondi Sultana Kamal...

Malik to marry tennis star Mirza

2010-03-31 00:00:00

ISLAMABAD, Mar 30 (AP): Former Pakistan cricket captain Shoaib Malik is set to marry Indian tennis star Sania Mirza, a union of two of South Asia's most well known sports personalities.The marriage is sure to attract attention because neighbouring Pakistan...

Ahad Ali condoles Khoda Baksh Mridha's death

2010-03-31 00:00:00

State Minister for Youth and Sports Ahad Ali Sarker condoled the sad demise of eminent sports commentator Prof. Mohammad Khoda Baksh Mridha who died in his hometown Rajshahi in the early hours of Tuesday at the age of 65, reports...

Govt to curtail ADP allocation of under-performed ministries

2010-03-31 00:00:00

The government would curtail annual development programme (ADP) allocation of the under-performed ministries and the amount will be diverted to those ministries who showed better performance in implementing the ADP, reports BSS."The decision will be taken after reviewing the progress...

Nizami, Mojaheed ordered to appear in court

2010-03-31 00:00:00

A Dhaka court has ordered Jamaat-e-Islami chief Matiur Rahman Nizami and four senior leaders of the party to appear before it on April 28 in a case accusing them of hurting religious sentiments, reports bdnews24.com. Dhaka Metropolitan Magistrate Mehdi Hasan...

Ruling party should 'discuss the matter with opposition'

2010-03-31 00:00:00

BNP Secretary General Khandaker Delwar Hossain said the government should first discuss the trial of the alleged war criminals with the opposition before starting the trial process, reports UNB. He said this was especially so because the trial was going...

Indefinite strike begins in CU

2010-03-31 00:00:00

CHITTAGONG, Mar 30 (UNB): An indefinite strike called by a faction of Bangladesh Chhatra League (BCL) began in Chittagong University (CU) Tuesday protesting an attack of some outsiders on the campus that had left a student wounded.Organising secretary of CU...

SME credit policy

2010-03-30 00:00:00

THE central bank late last week announced, for the first time, a credit policy for the country's small and medium enterprises (SMEs). The Governor of the Bangladesh Bank (BB) released the policy following discussions with the chief executive officers (CEOs)...

Political instability discourages FDI

2010-03-30 00:00:00

M. Mizanur RahmanTHE lion share of the world's FDI flows benefits the United States, European Union and Japan. Developing countries also rely heavily on FDI for economic development. Trade liberalisation under the World Trade Organisation (WTO) has made global FDI...

Diversified jute products waiting commercial production

2010-03-30 00:00:00

Amin AhmedDiversified uses of jute have long awaited commercial exploitation although such uses of the fibre could restore the glory that it once enjoyed in the country's export trade. The traditional uses of jute as packing materials declined after the...

The office of Tax Ombudsman

2010-03-30 00:00:00

WE do not know why we wanted and created the post of a tax ombudsman. The fact, however, is that this new post is very much essential for a developing country like Bangladesh to help develop the tax system and...

The dragnet must be non-partisan

2010-03-30 00:00:00

FOR the excellent step the government indeed deserves congratulations. In a move which signals the beginning of fulfillment of its main election pledge, the ruling government has formed the war crimes tribunal to try the war criminals for crimes committed...

Let us all be frugal about electricity use

2010-03-30 00:00:00

FREQUENT power outages are reported to be damaging electronic equipment. To solve the power crisis, at least partially, and bring it to a bearable level, all of us need to be frugal in using electricity.Habibur Rashid IsmailJamea Rahmania Madrasa, Chittagonghabibur.rashid.ismail@gmail.com

Remembering Bangabandhu Sheikh Mujibur Rahman, a towering personality

2010-03-30 00:00:00

Shamsher ChowdhuryI am a small man to be writing about a towering personality like that of Bangabandu Sheikh Mujibur Rahman. Yet, I could not check the temptation of portraying a few unique characteristics of the great man. I am not...

Micro-credit and village women's economic activities

2010-03-30 00:00:00

Shihabuddin Mahmud and Tahmina Afroz Momen  There are also some NGO's such as 'Proshika', BRAC or Asa, the leading NOGs, offering programmes for micro-credit system to lend money to the village women. As far as Proshikah is concerned it has...

Are you happy with Biman's performance?

2010-03-30 00:00:00

Abdullah MohibuddinLast month, Prime Minister Sheikh Hasina inaugurated a new logo and livery of Biman-Bangladesh Airlines Limited.She cut the logo embedded cake and got onboard the leased aircraft -- B777-200 ER and B737-800.In her speech the Prime Minister called for...

Asian stock markets mostly higher

2010-03-30 00:00:00

HONG KONG, Mar 29 (AP): Asian stock markets were mostly higher Monday as stronger earnings from Chinese companies and a deal to provide Greece a financial safety net helped buoy sentiment.The dollar was higher against the yen, while crude oil...

Geely shares jump 5pc after parent's Volvo deal

2010-03-30 00:00:00

Beijing, Mar 29 (Reuters): Shares in Geely Automobile Holdings Ltd rose as much as 5 per cent to a two-month high Monday, on expectations that the Chinese automaker will benefit from its parent's plan to buy Ford Motor's Volvo car...

Banks pull out Rs 500b from MFs after Mar 15

2010-03-30 00:00:00

MUMBAI, Mar 29 (Economic Times): Banks have liquidated mutual fund investments of over Rs 500 billion in the second half of March to improve their balance sheet. Some banks need money to lend to corporates while others are liquidating MF...

Tomato plays key role in reducing poverty in Faridpur

2010-03-30 00:00:00

Our CorrespondentFARIDPUR, Mar 29: Tomato, which is considered as the second cash crop in the district, has been playing an important role in poverty alleviation. At least 30,000 families are getting direct financial benefits from either tomato cultivation, or its...

Strawberry cultivation gains ground in Northern region

2010-03-30 00:00:00

Our Correspondent NILPHAMARI, Mar 29: Commercial cultivation of strawberry is gradually gaining pace in the Northern region of the country as the taste and fragrance of the juicy fruit matches the one harvested abroad.Enthusiastic growers of Nilphamari, Joypurhat, Dinajpur and...

KSE index gains 137 points

2010-03-30 00:00:00

KARACHI, Mar 29 (Business Recorder): The KSE-100 index rose by 137.00 points to 10,137.93 points level mainly due to foreign investors' interest at equity market during the week ended on March 27, 2010. A net inflow of $9.5 million of...