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Bailing out Greece

2010-05-10 00:00:00

Mahmudur RahmanIn a world focused on 'today' no one really likes the person who dares to dream ahead. And so, after the global economic meltdown when most were predicting a recovery there were some who sounded a note of caution;...

KAFCO resumes production

2010-05-10 00:00:00

FE ReportThe Karnaphuli Fertiliser Company Ltd (KAFCO) has resumed commercial operation as the state-owned Petrobangla began supplying gas to the factory, officials said Sunday.The joint venture multinational fertiliser producer went on full operation from Sunday after facing closure for over...

Jt co-op strategy document set to be inked by June

2010-05-10 00:00:00

FE ReportThe government is going to sign Joint Cooperation Strategy (JCS) by June to enhance aid effectiveness and improve aid delivery."We have a target of signing the document by May but after getting some recommendations from the civil society, the...

Tories, Lib Dems in talks to end deadlock

2010-05-10 00:00:00

LONDON, May 9 (AFP): Britain's two main opposition parties dug in for post-election talks on forming a government Sunday, fighting to overcome policy differences and break a stalemate which has left the nation in limbo.Conservative and Liberal Democrat negotiators held...

Rushanara to mend rift in Bangali community

2010-05-10 00:00:00

Rushanara Ali, first ever Bangladeshi-born Briton elected to the British parliament (House of Commons), Friday said her win materialised the long-cherished dream of all Banglais living in Britain and Bangladesh, reports UNB from London."From today I am MP of everybody....

Sugar refiners want lifting of export ban

2010-05-10 00:00:00

FE ReportThe country's private sugar refiners made a set of demands including lifting of export ban on sugar and widening of the existing import duty between the raw and refined sugars for the survival of the industry.They also sought support...

Hundreds of flights cancelled

2010-05-10 00:00:00

LISBON, May 9 (AFP): Hundreds of flights at airports from Lisbon to Munich were cancelled Sunday and some European airspace was closed because of a volcanic ash cloud from Iceland that caused air travel chaos last month.All flights to the...

Toxic nutrients endanger public health

2010-05-10 00:00:00

Food adulteration degrades standards of nutrition. But unfortunately, despite sporadic moves now and then, this country remains the rather undisturbed abode and all kinds of food adulterers who serve or sell toxic foodstuffs to the consumers. For example, take the...

Money whitening scheme

2010-05-10 00:00:00

Shamsul Huq ZahidTHE country's apex trade body, the Federation of Bangladesh Chamber of Commerce and Industry (FBCCI), and the Dhaka Stock Exchange (DSE) were the two staunch backers of the provisions for whitening undisclosed (black) money which were incorporated in...

United Nations Global Compact

2010-05-10 00:00:00

Farooq SobhanThe United Nations Global Compact was first proposed by the then UN Secretary General Kofi Annan in an address to the World Economic Forum on January 31, 1999. The Global Compact's operational phase was launched at the UN headquarters...

The coming budget should be made for the well being of the country

2010-05-10 00:00:00

If the budget comes with a heavy tax burden for purchase of land, share of companies, floor, and apartments, the proposal of the committee of the finance ministry will not be appropriate from the decision makers which have come to...

Spurring on population control activities

2010-05-10 00:00:00

It is fanciful to say that the country's population can be turned into human resources. But the hard realities are that in their present conditions of illiteracy, hunger and deprivation, the people of the country in large measures remain more...

Britons confused, their parliament hung

2010-05-10 00:00:00

Maswood Alam KhanVOTERS never wish their parliament were ever hung; neither do they want an immediate second election to tip the balance so hung. Voters want to see a strong leadership of the law makers who can comfortably work for...

Enforcing some real action against the student culprits

2010-05-10 00:00:00

Shamsher ChowdhuryI am somewhat confused about the administration's failure to deal with the rising incidence of vandalism by the students' front of the main ruling party in all its horrific dimensions. I am afraid with the passing of time the...

HIGHLIGHTS

2010-05-10 00:00:00

Tarzan Goes To IndiaOn HBO Movies Monday at 9:30 pmOne of a seemingly endless production of Tarzan movies, this tale by director and co-scripter, John Guillermin, places the hero in India. Tarzan is called to India to help save the...

Monday

2010-05-10 00:00:00

ATN BanglaAm07:00 Sangbad 07:30 Positive Bangladesh08:00 Sangbad08:15 Ajker Shongbadpotro08:30 Drama Serial- Kagojer Ghor09:00 News Bulletins09:10 Kande Amar Ma09:15 Tatka National Dance Star10:00 Sangbad10:30 Talk show - Hello Bangladesh11:00 Sangbad 11:05 Asian City Vision 202011:30 Notun Chobir Gan12:00 Sangbad Bulletins12:15 Motamot01:00...

BP oil-collection chamber clogs, removed from leaking Gulf well

2010-05-10 00:00:00

NEW YORK, May 9 (Bloomberg): BP Plc's latest effort to prevent oil leaks from damaging wildlife and tourism on the US coast are being stymied as cold and pressure a mile below the surface of the Gulf of Mexico formed...

Agrani Bank disburses Tk 0.46m loan to farmers

2010-05-10 00:00:00

Our CorrespondentGOPALGANJ May 08: Two branches of Agrani Bank Ltd under Muksudpur Upazila in the district have disbursed Tk 0.46 million (462 thousand) among 50 actually small and marginal farmers for the cultivation of Aus, Aman and jute this season....

PILIL's death coverage for ICB Islamic Bank clients

2010-05-10 00:00:00

Prime Islami Life Insurance Ltd (PILIL) will provide death and disability coverage to personal finance customers of the ICB Islamic Bank Ltd. A memorandum of understanding (MoU) has been signed in this connection recently, said a press release. Prime Islami...

Raw, refined sugar may fall in NY, London

2010-05-10 00:00:00

LONDON, May 9 (Bloomberg): Raw- and refined-sugar futures may fall next week on signs of output gains in Brazil and India, the world's largest producers.Seven of 13 traders, analysts and brokers in a Bloomberg survey said raw-sugar prices will drop...

Cocoa plunges most in 13 months

2010-05-10 00:00:00

NEW YORK, May 9 (Bloomberg): Cocoa futures plunged the most in 13 months as the rout in global equities dragged most commodities lower. Coffee gained.The Standard & Poor's 500 Index headed for the biggest weekly decline since March 2009. Greece's...

exchange rate

2010-05-10 00:00:00

May 09, Sunday The following were the commercial banks' rates to public for some selectedforeign currencies with Bangladesh Taka in cash transaction Sunday.Selling rates to public (outward remittance)BankUSDEuroGBPJPYCHFCADAUDSCBsSonali Bank69.550089.0288103.30290.768663.039167.061162.0343Agrani Bank69.550088.8858103.24530.770963.005566.997461.8256FCBsStanChart69.6294.38107.810.7765.3670.0565.58HSBC 69.572591.6794106.88830.757363.584468.222363.9721Citibank naNANANANANANANABank of Ceylon69.590094.4501108.68130.766865.862269.092566.6742PCBsUttara Bank69.550090.8886105.71800.748462.974768.076463.4587AB Bank69.600090.9516106.53620.7592NANANABuying rates  from public (inward remittance)SCBsUSDEuroGBPJPYCHFCADAUDSonali...

Nine of top-10 cos lose Rs 400b in m-cap, RIL lone gainer

2010-05-10 00:00:00

MUMBAI, May 9 (PTI): Volatile trade this past week saw nine of the top-10 firms lose a sum of over Rs 400 billion from their market capitalisation, with Reliance Industries Ltd being the sole exception to the trend by adding...

Essar Energy starts trading on LSE

2010-05-10 00:00:00

NEW DELHI, May 9 (Economic Times): Essar group's London-listed arm Essar Energy has formally started trading on the London Stock Exchange following its $1.9 billion public offering. "Despite turbulent global markets, we have made the largest debut on the London...

Stocks turn negative for year on Greece woes

2010-05-10 00:00:00

NEW YORK, May 9 (Reuters): Stocks turned negative for the year Friday on fears of another credit crisis stemming from Greece's souring finances and lingering questions about what triggered the previous session's dramatic plunge.The major stock indexes finished Friday's volatile...

$12.499m inflow recorded in share market

2010-05-10 00:00:00

$12.499m inflow recorded in share market KARACHI, May 9 (Business Recorder): Foreign investors' interest continued in Pakistan's stock market with a net inflow of $12.499 million during the week ended on May 8, 2010. However, the inflow of foreign investors'...

StanChart shareholders approve India listing plan

2010-05-10 00:00:00

LONDON/NEW DELHI, May 9 (PTI): Global banking major Standard Chartered Plc has said its shareholders have approved the sale of shares for a planned India listing to raise up to $1 billion. Standard Chartered Bank in March said it plans...

ASA, Sightsavers Int'l sign MoU

2010-05-10 00:00:00

The Hope for the Poorest (HP), a sister concern of ASA and Sightsavers International recently signed a memorandum of understanding (MoU) to provide free eye treatment to the extreme poor people of the country, said a press release.Poor people will...

Hong Kong's IPO market hits the brakes

2010-05-10 00:00:00

HONG KONG, May 9 (Agencies): Hong Kong's IPO market, the biggest in the world last year, has hit the brakes with several companies shelving share sales as the Greek debt crisis pounds global markets. Swire Properties, a major real estate...

Regulators scour trades for clues to market plunge

2010-05-10 00:00:00

NEW YORK, May 9 (AP): Regulators and Wall Street officials scoured millions of trades one by one Friday and canceled thousands as they sought to explain a record plunge in the stock market, undo the damage and keep it from...