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Dhaka stocks rebound on latest SEC move

2010-03-17 00:00:00

FE ReportDhaka stocks rebounded Tuesday as the benchmark index rose sharply more than two per cent to post the biggest single-day gain in two months, spurred by the securities regulator's latest move to boost the buying capacity of investors.The benchmark...

Launch strike paralyses river transport

2010-03-17 00:00:00

Passenger launches countrywide were at a standstill Tuesday as workers called an indefinite strike following the collapse of talks to resolve their long-standing demands for better working conditions, reports bdnews24.com. The Water Vessel Workers Federation imposed the strike from Monday...

ECNEC approves 10 peaking power plants project

2010-03-17 00:00:00

The Executive Committee of the National Economic Council (ECNEC) approved Tuesday seven development projects involving Tk 138.22 billion that included a large project to install 10 peaking power plants with total capacity of 830mw, reports UNB.Of the total amount, Tk...

Preservation of perishable produce

2010-03-16 00:00:00

This year's record bumper potato harvest looks like turning into a blight for the farmers who have failed to reserve space in the country's limited cold storage facilities. Reports from Rangpur, Rajshahi, Chuadanga, Munshigani, Comilla, Daundkandi, all testify to the...

The pitiable state of our healthservices

2010-03-16 00:00:00

Shamsher ChowdhuryOne of the major problems with our administration is that it focuses on the facade rather than the content. It indulges in stunts too. Whenever there is a failure it hastens to create new laws, claiming to make them...

Science for rescuing politics

2010-03-16 00:00:00

Prof. Lutfor RahmanThe TV talk shows are more war of words than anything else. In parliament, the situation is no better. A parliament, with strong opposition, benefits the government and the citizens alike. The strength of lawmakers does not depend...

Power crisis: Someone should answer

2010-03-16 00:00:00

Despite all the neglect and bungling in the power sector, the actual base period deficit compared to demand is not much more than 500 to 700mw and in the peak period some 1500 mw. But why have we been faltering...

Dhaka's case is not a hopeless one

2010-03-16 00:00:00

The time to act and act decisively to regenerate Dhaka was crossed long ago. But with the launching of immediate corrective actions, it should be possible to stop the city from heading towards the brink and start a process of...

Asian stocks slip amid China, sovereign debt jitters

2010-03-16 00:00:00

singapore, Mar 15 (Reuters): Asian stocks fell from near seven-week highs Monday as a currency spat between China and the United States and worries about sovereign debt combined to keep investors away from riskier assets.Markets were also cautious before US...

Infotech for more buys on shareholders' pressure

2010-03-16 00:00:00

CHENNAI/ HYDERABAD, Mar 15(Business Standard): Infotech Enterprises Limited, a Hyderabad-based technology solutions provider offering engineering and geographic information services, will pursue acquisitions aggressively on account of shareholders' pressure."We are careful about value buying. There are a couple of transactions that...

JP Morgan fund invests in China, India

2010-03-16 00:00:00

HONG KONG, Mar 15 (Reuters): JP Morgan Asset Management has invested almost a quarter of its $860 million Asian infrastructure fund in China and India assets, as part of efforts to complete investments in the next two years.The Asian Infrastructure...

Bullish sentiment prevails at Karachi share market

2010-03-16 00:00:00

KARACHI, Mar 15 (Business Recorder): Bullish sentiments was witnessed at Karachi share market during the week ended Saturday on the back of strong interest of foreign investors, as a result of which the KSE-100 index breached 10,000 points level. Healthy...

Oil drops for second day as dollar gains, China equities fall

2010-03-16 00:00:00

SINGAPORE, March 15 (Bloomberg): Crude oil declined for a second day as the dollar gained, curbing demand for most commodities as a currency hedge, and before this week's OPEC meeting in Vienna.The dollar index, which tracks the US currency against...

Gold edges up above $1104 in Asia

2010-03-16 00:00:00

SINGAPORE, Mar 15 (Commodity Online) : Gold prices recovered in Asian trade Monday, after hitting two week low last week, as equity markets eased.Gold for immediate delivery was seen trading at $1104.01 an ounce at 11.30 a.m Singapore time while...

Palm oil declines to lowest level in almost two weeks

2010-03-16 00:00:00

SINGAPORE, Mar 15 (Bloomberg): Palm oil dropped for a third day to the lowest level in almost two weeks as crude oil fell and on concerns record soybean supplies from South America will reduce the need for substitutes.May-delivery futures lost...

Walton offers to provide consumers with low priced quality product

2010-03-16 00:00:00

FE ReportWalton, the popular electronic home appliance brand of RB Group, has made another step forward to meet its commitment to provide consumers with low priced quality product.Walton launched the offer at a seminar in the city Sunday."Now consumers can...

exchange rate

2010-03-16 00:00:00

March 15, Monday The following were the commercial banks' rates to public for some selectedforeign currencies with Bangladesh Taka in cash transaction MondaySelling rates to public (outward remittance)BankUSDEuroGBPJPYCHFCADAUDSCBsSonali Bank69.550095.9836105.68740.775065.916468.682163.8446Agrani Bank69.550095.8617105.65170.777365.899468.610463.6687FCBsStanChart69.6296.65106.340.8166.3368.7764.27HSBC 69.611096.3914105.62160.793265.595867.136364.1600Citibank naNANANANANANANABank of Ceylon69.540098.2766107.11510.797867.000768.960765.9865PCBsUttara Bank69.550096.3664105.92050.782265.701368.638263.8359AB Bank69.600097.0910106.77230.7862NANANABuying rates  from public (inward remittance)SCBsUSDEuroGBPJPYCHFCADAUDSonali...

Double-blast suicide bomber kills 8 in Iraq

2010-03-16 00:00:00

FALLUJAH, Mar 15 (AFP): A double-blast suicide bomber targeting a military checkpoint and labourers killed eight people Monday in the former Sunni rebel bastion of Fallujah, Iraqi police and medics said.Twenty-eight other civilians were wounded in the blasts, which occurred...

Thai PM rejects protesters calls to dissolve govt

2010-03-16 00:00:00

Thailand's prime minister says his government will not give in to the demands of tens of thousands of anti-government protesters who want parliament dissolved, reports Internet. Speaking on national television Monday, Abhisit Vejjajiva said members of his coalition government agreed...

US wants Israel to cancel building plan

2010-03-16 00:00:00

JERUSALEM, Mar 15 (AP): Israeli officials said Monday that the US is pressing Israel to scrap a contentious east Jerusalem building project whose approval has touched off the most serious diplomatic feud with Washington in years.Tensions in the city at...

Sarkozy's right-wing UMP facing election defeat

2010-03-16 00:00:00

Nicolas Sarkozy's centre-right UMP party appears to be heading for defeat in French regional elections, reports BBC. Initial results suggest the opposition Socialist party has taken a strong lead in the first round of voting. The outcome will be a...

Indian missile shield test fails

2010-03-16 00:00:00

BHUBANESWAR, India, Mar 15 (AFP): India's homegrown interceptor defence shield developed to detect and destroy incoming ballistic missiles failed during a test Monday, military officials said.The test was abandoned when the radars following the target, a nuclear-capable missile, lost track...

news digest

2010-03-16 00:00:00

Tropical cyclone slams FijiTropical Cyclone Tomas battered Fiji's northern islands Monday evening with gusts of up to 275 km/h (170 mph) and heavy rain, but weather officials had not received immediate reports of damage. The Category 4 storm is the...

Govt-WB identifies Kaliakoir as first site for economic zone

2010-03-16 00:00:00

The government and the World Bank (WB) have identified Kaliakoir of Gazipur as the first site for an economic zone, reports BSS.The proposed economic zone would be turned into a hi-tech industrial park and other potential areas including existing export...

Singer Plus special sales campaign kicks off today

2010-03-16 00:00:00

FE ReportSINGER Plus is going to launch its special sales promotion campaign titled 'Discount Bahu Gune, Summer Tour London-e' from today (Tuesday) across the country.Under the sales promotion campaign, each week two lucky buyers of fridge/freezer, television, airconditioner, IPS and...

HSBC awarded AAA rating for third consecutive year

2010-03-16 00:00:00

FE ReportHSBC Bangladesh received 'AAA' rating for the third consecutive year from Credit Rating Agency of Bangladesh Ltd (CRAB). 'AAA' is the highest rating awarded by CRAB which is given to banks with extremely strong capacity to meet their financial...

WB country director visits CEPZ

2010-03-16 00:00:00

Our CorrespondentChittagong, Mar 15: The World Bank country director Allen Goldstein here today said that it does not meddle in matters of Bangladesh rather is working as investment and development associate.She said this while visiting the Chittagong Export Processing Zone...

Pubali Bank shifts Batiaghata branch

2010-03-16 00:00:00

Pubali Bank Limited has shifted its Batiaghata branch, Khulna, to a new premises with a view to providing best and modern banking services.Pubali Bank Director and Audit Committee Chairman Ahmed Shafi Chowdhury inaugurated the new premises recently.Managing Director Helal Ahmed...

Bashundhara Housing fair begins in city

2010-03-16 00:00:00

FE ReportThe two week-long "Bashundhara Abasan Mela 2010" (Bashundhara Housing Fair) began at Bashundhara City Monday.Managing Director of the Bashundhara Group Sayem Sobhan inaugurated the fair as the chief guest.Housing plots and ready apartments of different housing and ready structure...

Regional Credit Officer - South Asia of StanChart in city

2010-03-16 00:00:00

Peter Warbanoff, Regional Credit Officer - South Asia of Standard Chartered Bank has arrived in the city Monday on a two day official visit to Bangladesh. He is also Country Chief Risk Officer of India. In his career with Standard...