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BD shrimp export to EU to face setback due to new testing rule

2010-05-13 00:00:00

Sonia H MoniThe European Union (EU) authority has introduced a provision on mandatory testing of at least 20 per cent of each container of Bangladesh's sweet-water prawn as per the recommendations of the FVO mission's findings.Syed Mahmudul Huq, chairman of...

Foreign cos make queries at Padma Bridge pre-bid meet

2010-05-13 00:00:00

FE ReportThe government has received good response from a good number of foreign companies from Asia, Europe and the USA to participate in the pre-qualification bidding of the country's expensive Padma multipurpose bridge project.Officials said 37 foreign companies including from...

SEC approves Beximco's stake in Dhaka-Shanghai Ceramics

2010-05-13 00:00:00

FE ReportThe securities regulator Wednesday approved the stake of Beximco Limited in Dhaka-Shanghai Ceramics Limited, setting up of two new credit rating (CR) agencies, and Agni System's proposal to issue preference shares. The Securities and Exchange Commission (SEC) also decided...

IMF bounces back to life

2010-05-13 00:00:00

From Fazle RashidNEW YORK, May 12: The International Monetary Fund (IMF) which was not very long ago considered to have lost its relevance bounced back to life with its sagging capital base receiving fresh infusion of cash. The IMF is...

Issuance of MRPs starts today

2010-05-13 00:00:00

Monira MunniDhaka passport office will start issuing machine readable passport (MRP) for the first time in the country from today (Thursday) expanding to other regional and overseas offices gradually, officials said.An MRP is a travel document where the personal data...

25 pvt jute mills shut down, many face closure

2010-05-13 00:00:00

FE ReportAt least 25 private jute mills have been shut down and several others are facing closure mainly because of scarcity of raw jute and an abnormal rise in its prices, sector insiders said."An acute supply crisis of raw jute...

Freeing the life-saving rivers

2010-05-13 00:00:00

THE rivers that flow through and past Dhaka city are vitally important for its residents. These rivers have lost their significance for fishing long ago from their awfully polluted conditions. The rivers, however, still have considerable importance as a medium...

When subsidised power is a lesser evil

2010-05-13 00:00:00

Enayet Rasul BhuiyanTHE government of Bangladesh (GoB) will reportedly have to raise electricity prices substantially for consumers in the coming months or give around Tk 50 billion (Tk 5,000 crore) in subsidy a year. This is so because, what the...

Field level reality about ETPs

2010-05-13 00:00:00

Shamshul HudaUNREGULATED discharge of the industrial effluents is contaminating waters of rivers and aquatic life in them and similarly spoiling underground water aquifers from seepage through soil. Soil affected by such discharge is also turning toxic and dangerous for any...

We want action, not words

2010-05-13 00:00:00

THE misconducts of most of the ruling party-affiliated organisations has reached to a height of arrogance. This has endangered public peace to such an extent that all in the country are petrified. And only few people dare to open their...

Privatisation must be priotrised

2010-05-13 00:00:00

There is no way for the economy to move forward sustainably till the privatisation need is addressed adequately and effectively. It will streamline the economy, re-vitalitise the financial sectors and create the conditions for greater availability of resources for the...

Poverty alleviation through Islamic economy

2010-05-13 00:00:00

Hafizul Islam MiaThe importance of economics, which is a social science that studies the production, distribution, business and trade, consumption of goods and services and eradication of poverty, cannot be undermined. This very importance of economics resulted in emergence of...

HIGHLIGHTS

2010-05-13 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...

Thursday

2010-05-13 00:00:00

ATN BANGLAam07:00 Sangbad07:30 Positive Bangladesh08:00 Sangbad08:30 Drama Serial- Kothay Pabo Tare09:00 News Bulletins09:10 Kande Amar Ma09:15 Asian City Vision 202010:00 News10:30 Hello Bangladesh11:00 News11:10 film - Prem Shokti02:30 Drama- Barishal Bonam Nowakhali03:45 Shundor Jiboner Jonno'04:00 Sangbad Bulletins04:25 Location05:00 Gram Ganger...

Asian stocks soft, euro slips on EU debt woes

2010-05-13 00:00:00

SINGAPORE, May 12 (Reuters): The euro slipped Wednesday on nagging worries about festering euro zone debt problems despite a $1 trillion rescue package unveiled this week, which fuelled a short-lived rally in global stocks. Sterling held its overnight gains after...

China's Global Edn plans $100m Nasdaq IPO

2010-05-13 00:00:00

BEIJING, May 12 (Reuters): Chinese education company Global Education & Technology Group is planning an about $100 million initial public share offering on the Nasdaq by the end of the year, a source with direct knowledge of the deal said."The...

Boro production likely to exceed target in Jaypurhat

2010-05-13 00:00:00

Our Correspondent JAYPURHAT, May 12: Boro harvesting is going on in full swing in the district. Jaypurhat Agriculture Extension Department expected that production target might exceed in the running IRRI-Boro season.According to DAE sources, 70 thousand hectares of land has...

Markets ignore IIP nos, up 54 points

2010-05-13 00:00:00

MUMBAI, May 12 (Business Standard): The Indian markets ignored the lower than expected IIP numbers and ended with modest gains. The Sensex opened on a flat note taking cues from the Asian markets. The BSE benchmark index pared its early...

KSE index loses 79.32 points

2010-05-13 00:00:00

KARACHI, May 12 (Business Recorder): Karachi stock market Tuesday posted bearish trend due to heavy selling pressure by local as well as foreign investors. As a result, the KSE-100 index lost 79.32 points to close at 10,208.82 point from 10,288.14...

Oil rises, reversing earlier losses

2010-05-13 00:00:00

LONDON May 12 (Bloomberg): Crude oil rose, reversing earlier losses, as advancing equity indexes restored confidence in the economic recovery while a weaker dollar heightened the commodity's appeal for hedging inflation.US crude oil inventories probably increased 1.6 million barrels in...

Sugar futures climb

2010-05-13 00:00:00

LONDON, May 12 (Bloomberg): Sugar advanced in London and New York on speculation a weaker dollar will spur demand for commodities as an alternative investment.The US Dollar Index, a gauge of the currency against six counterparts, fell as much as...

Holcim organises 'May Day' rally

2010-05-13 00:00:00

Holcim (Bangladesh) Ltd, a leading multinational cement manufacturer of the country, organised a rally on May Day with the masons and the construction workers in Khulna, said a press release.Masons and construction workers from different districts of Khulna division gathered...

Corn futures rise to highest in more than two months

2010-05-13 00:00:00

NEW YORK, May 12 (Bloomberg): Corn futures rose to the highest in more than two months on speculation that China will boost imports of the US grain, helping drain excess global supply.Corn for July delivery gained as much as 1.2...

India's gold demand may drop 50pc

2010-05-13 00:00:00

NEW DELHI, May 12 (Bloomberg): Gold demand in India, the world's biggest consumer of the precious metal, may drop 50 per cent during this year's Akshaya Tritiya festival because of rising prices, trading company RiddiSiddhi Bullions Ltd. said.Demand may decline...

exchange rate

2010-05-13 00:00:00

May 12, Wednesday The following were the commercial banks' rates to public for some selectedforeign currencies with Bangladesh Taka in cash transaction Wednesday.Selling rates to public (outward remittance)BankUSDEuroGBPJPYCHFCADAUDSCBsSonali Bank69.550090.4756103..82580.758963.491568.007263.1806Agrani Bank69.550088.1973103.89210.759862.780068.476362.2986FCBsStanChart69.6294.38107.810.7765.3670.0565.58HSBC 69.586589.4035105.16920.773063.227468.495262.8794Citibank naNANANANANANANABank of Ceylon69.590090.5740105.28530.776263.973268.676665.4146PCBsUttara Bank69.550089.4563103.46180.763462.719568.102962.8720AB Bank69.600089.5209105.01520.7695NANANABuying rates  from public (inward remittance)SCBsUSDEuroGBPJPYCHFCADAUDSonali...

Boy survives as 103 killed in Libya plane crash

2010-05-13 00:00:00

TRIPOLI, May 12 (AFP): A Libyan plane arriving from South Africa disintegrated on landing at Tripoli airport Wednesday, killing 103 people but leaving an eight-year-old boy as the sole miracle survivor, officials said.Sixty-one Dutch citizens were killed in the crash,...

60 dead in Russian mine blast, 30 missing

2010-05-13 00:00:00

MEZHDURECHENSK, Russia, May 12 (AP): Thirty Siberian coal miners are buried so deep in Russia's largest underground coal mine that rescuers use up most of their oxygen tanks trying to reach them and can't spend much time searching for the...

Govt increases pressure on protesters

2010-05-13 00:00:00

Thailand's government threatens to cut off water, power and food to the Bangkok business district where thousands of anti-government protesters are camped, VOANews.com.The Thai military has warned residents of Bangkok's Rajaprasong district to leave Wednesday.Colonel Sansern Kaewkamnerd, an army spokesman,...

Karzai, Obama to mend ties at White House talks

2010-05-13 00:00:00

WASHINGTON, May 12 (AFP): US President Barack Obama and his Afghan counterpart meet Wednesday to mend fences, after months spent trading barbs over alleged vote-rigging and corruption in Hamid Karzai's government.The White House talks and press conference come after meetings...

Philippines' Aquino vows new era of clean rule

2010-05-13 00:00:00

MANILA, May 12 (AFP): Philippine president-elect Benigno Aquino pledged a new era of clean government as he railed Wednesday against outgoing leader Gloria Arroyo and her corruption-tainted administration.The son of late democracy heroine Corazon Aquino trounced his rivals by a...