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ICB AMCL announces NAV of two unit funds

2010-03-12 00:00:00

ICB Asset Management Company Ltd (ICB AMCL), a subsidiary of Investment Corporation of Bangladesh (ICB), has announced Net Asset Value (NAV) of two of its unit funds recently, according to a press release.The total NAV of ICB AMCL Unit Fund...

Government assigns US company

2010-03-12 00:00:00

FE ReportThe government has assigned the US firm Excelerate Energy to carry out a comprehensive study over the next four weeks on suitable location to build the country's first liquefied natural gas (LNG) import platform, officials said Wednesday."Excelerate Energy will...

Negative export trend might go in few months

2010-03-12 00:00:00

Country's export earnings continued the downtrend with 4.69 per cent negative growth in the first seven months of the current fiscal (July-January) compared to the corresponding period of the previous fiscal (2008-09), reports UNB.According to the latest statistics provided by...

Islamic Banks Consultative Forum holds 29th meeting

2010-03-12 00:00:00

The 29th meeting of Islamic Banks Consultative Forum (IBCF) was held at the Board Room of the Islami Bank Tower in the city recently, said a press release.Prof. Abu Nasser Muhammad Abduz Zaher, Chairman of the Forum and Chairman, Board...

Thrust on developing tourism industry

2010-03-12 00:00:00

FE ReportGM Quader, Minister for Civil Aviation and Tourism Thursday said the government is going to formulate a law aiming to supervise and control private sector investments in the infrastructure development for the country's tourism industry. "We are planning for...

Bank Asia opens 44th branch in Ctg

2010-03-12 00:00:00

FE Report Bank Asia opened its 44th branch at Kamal Bazar in Chittagong Thursday, said a press release.A Rouf Chowdhury, director of the bank, formally inaugurated the new branch.Jahir Uddin, managing director of Mostafa Group, Erfanuddin Ahmed, president and managing...

Raise bond licence term, remove EPZ discrimination, exporters urge NBR

2010-03-12 00:00:00

FE ReportReady-made garment exporters demanded Tuesday enhancement of the term of bond licence to three years from the existing one year and addressing the discrimination between the industries located in export processing zones (EPZs) and outside.They also demanded withdrawal of...

Singer holds sewing instructress meet '10

2010-03-12 00:00:00

FE ReportSinger held its Sewing Instructress Meet 2010 at Savar Monday, said a press release.A total of 65 participants, including sewing instructresses of Singer sewing schools across the country, field members and top officials of the company participated in the...

Chinese co to invest $8.0m in CEPZ

2010-03-12 00:00:00

FE ReportA Chinese company, namely M/s Universal Hats and Bags Manufactures Ltd, will invest in Hats and Bags Manufacturing Industry in the Chittagong Export Processing Zone (CEPZ).This 100 per cent foreign-owned company will invest US$ 8.0 million in setting up...

Rangs opens its new outlet at Luxmipur

2010-03-12 00:00:00

FE ReportRangs Electronics Ltd, widely known as Sony-Rangs, formally opened its new outlet at Jannat Plaza at Ramganj, Luxmipur Monday. Senior Executive, Marketing Development Division of Sony Singapore Marketing Co Stanley Tan inaugurated the new outlet. Tanvir Hossain, manager, marketing...

Janata Exchange, Italy MoneyGram sign deal

2010-03-12 00:00:00

FE ReportJanata Exchange Company (JEC) Srl Italy, a subsidiary of Janata Bank Ltd, has recently signed an agreement with MoneyGram Payment System Italy to speed up remittance flow to Bangladesh. The signing ceremony was presided over by SM Aminur Rahman,...

Crops insurance to protect farmers from poverty

2010-03-12 00:00:00

Chairman of the Parliamentary Standing Committee on Agriculture Ministry agriculturist Shawkat Momen Shajahan said 'Crop Insurance' would help protect farmers from poverty, reports BSS.He said the committee recently sent a proposal to finance ministry for taking necessary measures for introducing...

IPO Diary

2010-03-12 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...

Bangladesh-England first Test begins today

2010-03-12 00:00:00

CHITTAGONG, Mar 11 (BSS): The first Test between Bangladesh and England begins here today (Friday) at the Zohur Ahmed Chowdhury Stadium.Though injury forced Graham Onions to withdraw from the two-test series as he failed to recover from the back injury,...

Man U out to protect Premier League lead at Fulham

2010-03-12 00:00:00

LONDON, Mar 11 (AP): Boosted by an impressive 4-0 Champions League triumph over AC Milan, Manchester United now has to concentrate on staying on top of the Premier League.After Wayne Rooney took his goals tally for the season to 30...

Rajshahi Kasba School moves into semis

2010-03-12 00:00:00

Rajshahi Kasba High School smartly booked the last semifinal berth of the Ecstasy 6th National School Hockey Tournament with a massive 12-0 victory over Bandarban Don Bosco High School at the Maulana Bhasani National Hockey Stadium here Thursday, reports UNB....

Real Madrid seeks response after European exit

2010-03-12 00:00:00

MADRID, Mar 11 (AP): Real Madrid will be under the microscope this weekend as it seeks to respond to its shock midweek elimination from the Champions League when it resumes its league campaign at Valladolid.Madrid was held to a 1-1...

Henin wins first-round match at Indian Wells

2010-03-12 00:00:00

INDIAN WELLS, California, Mar 11 (AP): Justin Henin beat Magdalena Rybarikova, 6-2, 6-2, in the first round of the BNP Paribas Open Wednesday, her first competitive match since a surprising run to the Australian Open final in January."It was a...

Muktijoddha earn second victory

2010-03-12 00:00:00

Coming from behind, Muktijoddha Sangsad KC tasted their second victory in the Citycell Bangladesh League beating Chittagong Mohammedan SC by 2-1 goals at the Bangabandhu National Stadium in the city Thursday, reports UNB.The match was locked 1-1 during the first...

PM promises in parliament to free country from corruption, militancy

2010-03-12 00:00:00

Prime Minister Sheikh Hasina Thursday promised in parliament to free Bangladesh from corruption, misrule and militancy to build up the country as an abode of peace and plenty in South Asia, reports UNB."Bangladesh was once synonymous with a land of...

President for modernising Air force

2010-03-12 00:00:00

President M Zillur Rahman Thursday asked the Chief of Air Staff Air Marshal SM Ziaur Rahman to take necessary measures for modernising Bangladesh Air force in phases, reports BSS.The President made the remark when the Air Chief paid a courtesy...

Thanks giving motion on President's speech adopted

2010-03-12 00:00:00

The Jatiya Sangsad (JS) Thursday adopted the thanks giving motion on President's speech after prolonged discussion for over 44.5 hours, when 237 lawmakers from both the treasury and the opposition benches took part in it, reports BSS as received from...

Govt hatches plot to crackdown on Islamic forces: Nizami

2010-03-12 00:00:00

Bangladesh Jamaat-e-Islami chief Matiur Rahman Nizami Thursday said the government moves since the tragic killing at Rajshahi University proved that it was a well-thought out plan to create ground for crackdown on the Islamic forces, reports UNB."Rajshahi University incident was...

Govt to ban religion-based student politics: Nahid

2010-03-12 00:00:00

The government is intending to ban Shibir, the student body affiliated with the religion-based politics of Jamaat-e-Islami, from campuses countrywide, reports bdnews24.com."The government is serious about banning religion based politics in educational institutions," education minister Nurul Islam Nahid said in...

Kidney dialysis facility to be expanded to Sadar hospitals: Minister

2010-03-12 00:00:00

Minister for Health Dr AFM Ruhal Haque Thursday said Kidney dialysis centres would be expanded to the district Sadar hospitals in phases, reports BSS."Doctors and equipment needed would be provided at Sadar hospitals in phases so that kidney patients do...

Police arrests 2,256 more in countrywide drive

2010-03-12 00:00:00

Police arrested 2,256 persons on various charges in separate drives across the country in 24 hours until 6:00 am Thursday, reports UNB.Six firearms, four bullets and two cocktails were also recovered during the drive.Besides, 43 motorcycles were seized for not...

1,500 more primary schools to be set up by 2013: Nahid

2010-03-12 00:00:00

CHITTAGONG, Mar 11 (BSS): Education Minister Nurul Islam Nahid said 1,500 more primary schools would be set up across the country to ensure education for all by 2013. "In addition, one technical institute would be set up in each upazila...

Barapukuria land subsidence victims continue fast-unto-death strike

2010-03-12 00:00:00

DINAJPUR, Mar 11 (UNB): The fast-unto-death strike that began Wednesday by hundreds of people affected by land subsidence for Barapukuria coal-mining, demanding compensation and their permanent rehabilitation entered its second day Thursday.Local sources said about 5,000 inhabitants of several affected...

BDR, BSF agree to halt killings of innocent civilians

2010-03-12 00:00:00

NEW DELHI, March 11 (BSS): The paramilitary border forces of Bangladesh and India agreed to halt killings of innocent civilians on both sides of Bangladesh-India borders.They, however, admitted that the cases of killings of innocent people took place during nighttime.The...

Army Chief leaves for India Sunday

2010-03-12 00:00:00

Chief of Army Staff General Md Abdul Mubeen will leave the city for India Sunday on a five-day goodwill visit at the invitation of his Indian counterpart General Dipok Kapoor, reports UNB. His wife and four Army officers will accompany...