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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...

news digest

2010-05-13 00:00:00

Suu Kyi files new appeal against detentionYANGON, May 12: Myanmar opposition leader Aung San Suu Kyi has lodged a new appeal with the Supreme Court against her house arrest in a last-chance attempt to win freedom, her lawyer said Wednesday....

S Asian fund managers to meet in Bangladesh in December

2010-05-13 00:00:00

Mohammad MufazzalSouth Asian fund managers will visit Bangladesh in December to explore the investment opportunity here, senior vice president of South Asian Federation of Exchanges (SAFE) Fakhor Uddin Ali Ahmad, said Tuesday.Mr Fakhor Uddin, who is also the president of...

Land Rover 4WD cars in city soon

2010-05-13 00:00:00

FE ReportIconic car manufacturer Land Rover is planning to introduce its new celebrated model Discovery 4 in Bangladesh's market, a top company official said Wednesday. "A wider launch will be held over the coming months," said Tom Hardyment, business Development...

Govt decision on sugar refiners' pleas next week

2010-05-13 00:00:00

FE Report The government will next week decide on the sugar refiners' pleas to lift exports ban and abolish controversial delivery order system, which is blamed for price manipulation in the market, officials said.The country's top sugar refiners have already...

Heyday for plastic home appliances

2010-05-13 00:00:00

Monira MunniThe demand for plastic household appliances is on the rise in the domestic market, driving the growth of the synthetic products industry upwards in the country."Demand for plastic home appliances is increasing remarkably as they are cheap and easy...

ONE Bank arranges Tk 1.16b for Crown Cement

2010-05-13 00:00:00

ONE Bank Limited, a leading commercial bank, has recently arranged Tk 1.16 billion under syndication for MI Cement Factory Limited, manufacturer of Crown Cement. The fund will be utilised for expansion of production capacity of Crown Cement from existing 2800...

IIDFC to raise fund for B2L

2010-05-13 00:00:00

The Industrial and Infrastructure Development Finance Company Limited (IIDFC) will arrange syndicated loan amounting to Tk 142.50 million for Bricks 2010 Limited (B2L), a private limited company, to set up an automatic brick producing plant.In this connection, a memorandum of...