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India must double infrastructure spending: Singh

2010-03-24 00:00:00

NEW DELHI, Mar 23 (AFP): India needs to double infrastructure spending to achieve the high growth needed to lift millions out of poverty, Prime Minister Manmohan Singh said Tuesday.The target 'looks ambitious but not impossible', Singh told a conference on...

Putin voices support for China's Taiwan policy

2010-03-24 00:00:00

MOSCOW, Mar 23 (AFP): Russian Prime Minister Vladimir Putin affirmed Russia's support for China's position on Taiwan at a meeting in Moscow Tuesday with Chinese Vice President Xi Jinping."We have always supported China on the most sensitive issues, including the...

Suu Kyi opposes party registering for polls

2010-03-24 00:00:00

YANGON, Mar 23 (AFP): Myanmar's opposition leader Aung San Suu Kyi said Tuesday she will 'never accept' her party registering for elections this year because laws governing the polls are unjust, according to her lawyer.Under rules laid down by the...

Netanyahu stands firm on Jerusalem 'building'

2010-03-24 00:00:00

WASHINGTON, Mar 23 (AFP): Prime Minister Benjamin Netanyahu reaffirmed Israel's right to build settlements in occupied east Jerusalem ahead of potentially difficult talks with US President Barack Obama Tuesday.Showing no sign of compromise in a dispute which has harmed relations...

news digest

2010-03-24 00:00:00

Somali pirates hijack Turkish shipNAIROBI, Mar 23: The European Union (EU) Naval Force says Somali pirates have hijacked a Turkish ship with 21 crew on board. The attack took place more than 400 miles outside where the naval force operates....

ADR mechanisms to encourage investment growth

2010-03-24 00:00:00

FE ReportBangladesh Investment Climate Fund (BICF) has partnered with the Bangladesh International Arbitration Centre (BIAC) to help develop a center through which commercial disputes can be resolved. This center is expected to help businesses and investors save on time and...

Contract manufacturing can boost medicine exports to Tk 200b a year

2010-03-24 00:00:00

Jubair HasanBangladesh can export drugs worth Tk200 billion a year if the local medicine makers upgrade their facilities to a level that'll enable them to do contract manufacturing for foreign pharmaceuticals, experts said Sunday. Drug manufacturing is becoming costly in...

MTB Securities opens branch at Sylhet

2010-03-24 00:00:00

FE ReportMTB Securities Ltd, the stock brokerage arm of Mutual Trust Bank Ltd (MTB), opened its branch at Zinda Bazar in Sylhet, said a press release.Fakhor Uddin Ali Ahmed, president of Chittagong Stock Exchange (CSE), inaugurated the new branch as...

Aktel achieves notable growth

2010-03-24 00:00:00

Aktel posted a significant growth in revenue market share during 2009 making it the fastest growing mobile telecommunication prov ider in the country. With increased focus on customers, it achieved a three percent increase in revenue share in 2009 over...

Ball rolls for Tk 20b multi-lane tunnel under Karnaphuli river

2010-03-24 00:00:00

Munima SultanaThe government has set the ball rolling for the ambitious Tk20 billion multi-lane project under the river Karnaphuli to boost road linkage between Chittagong port and the fast-booming resort town of Cox'a Bazar.The authorities have invited bids for conducting...

Three-day share mkt fair kicks off tomorrow

2010-03-24 00:00:00

FE ReportA three-day share market fair will kick off tomorrow (Thursday) in a bid to disseminate first hand knowledge about the capital market. The fair titled Share Bazar Mela 2010 has been organised by Sheraton Hotel for the second time...

SEBL holds workshop on forex transactions and INCOTERMS

2010-03-24 00:00:00

FE ReportA workshop on "Guidelines for Foreign Exchange Transactions and INCOTERMS" was held at the Southeast Bank Training Institute in the city recently.The workshop was arranged for foreign trade related officers of the Authorised Dealers Branches and Head Office, said...

New Singer Plus shop opens in Nabiganj

2010-03-24 00:00:00

A new Singer Plus Shop has been inaugurated at Nabiganj in Habiganj.Managing Director & CEO of Singer Bangladesh Limited AM Hamim Rahmatullah formally inaugurated the new shop recently.Marketing Director of Singer Bangladesh Limited Mr. Sajidur Rahman Khan, Chairman of Nabiganj...

Auto Expo-2010 starts tomorrow

2010-03-24 00:00:00

FE ReportA three-day long motorised vehicles fair titled "Auto Expo Dhaka-2010" will kick off at Bangabandhu International Conference Centre tomorrow (March 25)."We are going to organise the fair with a view to informing people about the latest motor vehicles so...

BRAC Bank-led OMNIBUS gets CashLink in its shared ATM network

2010-03-24 00:00:00

FE Report CashLink Bangladesh Limited has recently joined OMNIBUS, a platform of shared ATM (Automated Teller Machine) and POS (Point of Sales) networks led by BRAC Bank Limited. From now on, customers of CashLink member banks can use shared network...

IPO Diary

2010-03-24 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...

PM seeks ICC, ECB help for dev of Bangladesh cricket

2010-03-24 00:00:00

Prime Minister Sheikh Hasina Tuesday sought cooperation and assistance from International Cricket Council (ICC) and England and Wales Cricket Board (ECB) for the development of cricket in Bangladesh, reports UNB.She also sought support from the ICC so that Bangladesh could...

Tigers take 95 runs overall lead

2010-03-24 00:00:00

It has been a grinding effort from England but, led by Graeme Swann and Stuart Broad with two wickets apiece, they gained momentum as the fourth day, making regular inroads into Bangladesh's batting order to set up the prospect of...

Hughes and Harris secure 1-0 lead

2010-03-24 00:00:00

[Australia 459 for 5 dec & 106 for 0 (Hughes 86*) beat New Zealand 157 & 407 (McCullum 104, McIntosh 83, Vettori 77) by 10 wickets]It took Australia longer than they expected, but Phillip Hughes' final-day blast allowed them to...

Independent Day Handball begins today

2010-03-24 00:00:00

The Independent Day Handball competition begins today (Wednesday) on the outer Stadium handball ground with Bangladesh Police taking on BHF Jubo Dal at 4:00pm, reports UNB.City Bank Limited chairman Aziz Al Kaisar will formally inaugurate the meet as the chief...

Ancelotti will stay at Chelsea

2010-03-24 00:00:00

ROME, Mar 23 (AFP): Italian Carlo Ancelotti has insisted he would still be in charge of English Premier League club Chelsea next season no matter what the results might be."My future is surely at Chelsea next season, independent of results,"...

Shahid Afridi named Pakistan captain

2010-03-24 00:00:00

The Pakistan Cricket Board ended weeks of uncertainty, by appointing Shahid Afridi to lead the country's campaign to defend the World Twenty20 title in the Caribbean from the end of next month. Afridi will once again take up the role...

Aurelio and Skrtel set for Liverpool return

2010-03-24 00:00:00

LIVERPOOL, Mar 23 (AFP): Liverpool's long injury list could be slashed early next month with the return to action of defenders Martin Skrtel and Fabio Aurelio, coach Rafael Benitez said.Aurelio sustained an injury to his right thighh in the 2-1...

Arsenic poisoning to buffet GDP, inviting health risks

2010-03-24 00:00:00

FE ReportBangladesh faces an estimated US$ 23 billion in gross domestic product (GDP) output loss over the next five decades due to health hazards arising from arsenic poisoning in groundwater, a new United Nations study warned Tuesday. The study said...

SC stays operation of HC ruling for 6 weeks

2010-03-24 00:00:00

The Supreme Court (SU) Tuesday stayed for six weeks the operation of the High Court (HC) judgment on 27th BCS examination results, reports UNB.Passing the interim order upon a petition moved by Attorney General Mahbubey Alam, the chamber court set...

PM asks developers, real estate cos to curb greed, maintain building code

2010-03-24 00:00:00

Prime Minister Sheikh Hasina has asked real estate businessmen and developers to shun their greedy "make money at any cost" attitude, in order to avoid a bleak outcome resulting from any natural calamity, like an earthquake, reports UNB.She said that...

S Korea to provide equipment, training in renewable energy

2010-03-24 00:00:00

FE ReportSouth Korea will assist Bangladesh to face the impact of climate change by supplying solar powered equipment to rural areas and providing training to renewable energy specialists overseas.The East Asian country under a technical assistance project will supply 20...

Country's irrigation-dependent cultivation should be reduced

2010-03-24 00:00:00

To pave the way for sustainable agriculture free from arsenic contamination, the country's irrigation (deep tube-well) dependent cultivation should be reduced to a minimum through encouraging production of traditional eco-agricultural crops that can protect nature from over-exploitation, agriculture experts said,...

Two held for twin murder in Motijheel

2010-03-24 00:00:00

FE ReportThe looting of a cash box led to the double murder at a bus counter in Motijheel last week, investigators said Tuesday.Two out of the three involved in the killings were arrested by members of Rapid Action Battalion (RAB)...

CHT indigenous culture festival begins

2010-03-24 00:00:00

BANDARBAN, Mar 23 (UNB): A 5-day Chittagong Hill Tracts (CHT) indigenous culture festival began at Rajar Maath here Tuesday with slogan-'Culture forever, culture bridge'.Bandarban Parbatiya Jila Parishad organised the festival with financial assistance of UNDP.On this occasion houses of 11...