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Toyota to build 1.0m hybrid cars in 2011

2010-01-19 00:00:00

TOKYO, Jan 18 (Reuters): Toyota Motor Corp plans to increase global production of gas-electric hybrid cars to one million units in 2011, twice the volume of last year, as it tries to keep its leading position in the growing low-emission...

Creditors put Dubai World debt up for sale

2010-01-19 00:00:00

LONDON, Jan 18 (PTI): Dubai World's bank creditors have offered their loans for sale ahead of the restructuring of the conglomerate's debts, in a bid to reduce exposure, says a media report."Bank creditors to Dubai World that are owed billions...

BoK declares profit rates on PLS deposits

2010-01-19 00:00:00

PESHAWAR, Jan 18 (Business Recorder): The Bank of Khyber (BoK) has declared the profit rates on various PLS deposits of conventional branches for the half year ended on December 31, 2009 at the following rates from July 1, 2009. According...

India to provide additional 30 MW of power to Nepal

2010-01-19 00:00:00

KATHMANDU, Jan 18 (PTI): India Sunday announced that it would give an additional 30 MW of power to Nepal, which is facing an acute shortage of electricity. India, which is already providing 20 MW of electricity to Nepal, would give...

Euro struggles in Asia amid Greece's debt woes

2010-01-19 00:00:00

TOKYO, Jan 18 (AFP): The euro struggled in Asian trade Monday as investors anticipated a weak business sentiment survey from Germany amid worries of a looming budget crisis in Greece, dealers said. The euro slid to 1.4378 dollars in Tokyo...

Oil dips below $78 in Asian trade

2010-01-19 00:00:00

SINGAPORE, Jan 18 (Commodity Online): World oil prices dropped further in Asian trade Monday mainly on a strong dollar amid declining stocks.Light sweet crude for February delivery was seen trading at $77.41 a barrel at 11.30 a.m Singapore time while...

Gold edges up above $1131 in Asia

2010-01-19 00:00:00

SINGAPORE, Jan 18 (Commodity Online): Gold remained highly volatile but showed signs of recovery in Asian trade Monday despite a firm dollar.Gold for immediate delivery was seen trading at $1,131.20 per ounce at 11.30 a.m Singapore time while gold futures...

Palladium to rise by 40.0 pc in 2010

2010-01-19 00:00:00

NEW DELHI, Jan 18 (Commodity Online): Even as the world is now turning to commodities following the recession, analysts claim that most of the investors are now looking for precious metals which are expected to soar in this year.Analysts suggest...

Global wheat production forecast at 673m tonnes

2010-01-19 00:00:00

Global production of wheat for 2009/10 is forecast at 673.9 million tonnes whereas global consumption at 646.7 million tonnes, according to the USDA. Canada's production forecast is increased 2.5 million tonnes to 26.5 million in December, which is still 2.1...

exchange rate

2010-01-19 00:00:00

January 18, Monday The following were the commercial banks' rates to public for some selectedforeign currencies with Bangladesh Taka in cash transaction Monday.Selling rates to public (outward remittance)BankUSDEuroGBPJPYCHFCADAUDSCBsSonali Bank69.4500100.3056113.59090.771867.889667.863264.2623Agrani Bank69.450099.9469113.52850.774267.864767.802164.1051FCBsStanChart69.65101.86113.440.7869.0268.3264.94HSBC 69.5255101.4225114.96410.788568.288567.951964.6636Citibank naNANANANANANANABank of Ceylon69.5400102.4907116.35000.793769.187168.431466.8697SPCBsUttara Bank69.5000100.8710113.59950.780567.842967.836064.4882AB Bank69.5000101.9476115.15150.7833NANANABuying rates  from public (inward remittance)SCBsUSDEuroGBPJPYCHFCADAUDSonali...

Suicide bombers, gunmen attack central Kabul, ‘36 killed’

2010-01-19 00:00:00

KABUL, Jan 18 (agencies): Taliban gunmen, some wearing suicide vests, launched a commando-style assault on government buildings in the center of Kabul Monday, underscoring the perilous security situation in the Afghan capital.It was the worst attack on the city in...

Haiti earthquake relief scarce amid clamour for help

2010-01-19 00:00:00

Despite losing their homes and many of their belongings people still turned out to church Sunday dressed immaculately. Aid is arriving, but many Haitians are still waiting, reports BBC.There were still songs of praise being sung, but also prayers for...

Tributes paid to Jyoti Basu

2010-01-19 00:00:00

Thousands of people in the Indian city of Calcutta have queued up outside a mortuary for a glimpse of communist leader Jyoti Basu's body, reports BBC.Mr Basu died at the age of 95 Sunday after a long illness. Tributes have...

Maoists blow up mobile network in Bihar

2010-01-19 00:00:00

PATNA, (India), Jan 18 (Reuters): Maoist rebels blew up three mobile phone towers, destroyed railway tracks and forced shops to close during a day-long strike in Bihar Monday, police said.The Maoist violence-estimated to have caused 600 to 700 deaths annually...

Yanukovich leads Tymoshenko in Ukraine polls

2010-01-19 00:00:00

KIEV, Jan18 (AFP): Pro-Russia Viktor Yanukovich has a lead of 11 percentage points over Prime Minister Yulia Tymoshenko in the first round of Ukraine's presidential elections, partial results showed Monday."Votes from 77.85 percent of the polling stations have been received....

news digest

2010-01-19 00:00:00

Third body found in Malaysian dragon boat tragedy KUALA LUMPUR, Jan 18: Malaysian authorities said Monday they had recovered the bodies of a teacher and two students drowned in a boating tragedy, while the search for three others continued. Eighteen...

Smaller nations to benefit from common market, integration: BoI

2010-01-19 00:00:00

FE ReportSmaller countries in South Asia are likely to be more benefited from a common market and greater economic integration in the region than their bigger counterparts, said S A Samad, executive chairman of the Board of Investment (BOI), on...

Trust Bank signs deal with EDCL

2010-01-19 00:00:00

An agreement was signed between Trust Bank Limited and Enterprise Development Company Limited (EDCL) for financing bio-gas plant and rural SME's at Trust Bank boardroom in the city Monday, according to a press release. Trust Bank Managing Director M Shah...

Work abstention at Kamalapur ICD continues

2010-01-19 00:00:00

FE Report The Dhaka Customs Agents Association (DCAA) continued their work abstention Monday at Kamalapur Inland Container Depot (ICD), saying they will continue the agitatation programmes until realisation of their demands.The DCAA has been observing work abstention programme since Sunday...

Dominance of unskilled expats proves govt's skill development efforts futile

2010-01-19 00:00:00

Mashiur RahamanMore than half of the country's overseas job-seekers in 2009 were unskilled workers, showing the futility of the government's effort to upgrade the outbound workers' skills, expatriate welfare ministry source said."Unskilled workers encapsulated 53 per cent of the year's...

GP Chairman due in city

2010-01-19 00:00:00

Grameenphone (GP) Limited Chairman and Head of Telenor Group for Asia Region Sigve Brekke will arrive in the city today (Tuesday) on a three-day official visit, according to a press release.During his stay in Bangladesh, Mr Brekke will meet Grameenphone...

Call for united effort to boost business growth

2010-01-19 00:00:00

FE ReportMd Jahangir Alam Khan, chairman of United Commercial Bank Ltd, has called for united efforts for accelerating business growth of the bank.He was speaking as the chief guest at the inaugural session of the Annual Business Conference-2010 of the...

Citi employee contributes to Liberation War Museum

2010-01-19 00:00:00

Citibank, N.A. Bangladesh employee Shamim Rahman, Assistant Manager, Operations & Technology (O&T), donated equivalent US$5000/- to Liberation War Museum to support the construction of their new building at Agargaon.Shamim was recently declared first prize winner of the Citi Asia O&T...

AB Bank Foundation gives warm clothes to cold-hit poor

2010-01-19 00:00:00

FE ReportAB Bank Foundation has recently distributed warm clothes among the cold-hit poor people as part of its CSR activities.Under the four-day programme, AB Bank Foundation distributed 5000 pieces of blankets at Bahadderhat, Boalkhali, Mohra, and West Sholoshohor of Chittagong.Chittagong...

Sri Lankans keen to invest in Bangladeshi EPZs

2010-01-19 00:00:00

An eight-member investment delegation team of Ceylon Chamber of Commerce headed by S Sarath Chandra De Silva visited the office of Bangladesh Export Processing Zones Authority (BEPZA) in the city Sunday. BEPZA Executive Chairman Brig General Jamil Ahmed Khan briefed...

Biman baggage staff tohave changed uniform

2010-01-19 00:00:00

FE ReportThe state-owned Biman is going to introduce a new uniform for its baggage handling staff, aiming at curbing the increasing cases of passenger's luggage pilferage at the Zia International Airport."The new uniform would not have any pockets and would...

BRAC Bank opens branch with ATM, online services at Hobiganj

2010-01-19 00:00:00

FE ReportBRAC Bank has opened its new branch at Hobiganj with world-class banking facility, said a press release. Fazle Hasan Abed, founder chairperson of BRAC, formally inaugurated the new branch Monday.Muhammad A (Rumee) Ali, chairman, and AEA Muhaimen, managing director...

‘Climate change affects investment scenario’

2010-01-19 00:00:00

FE ReportLeading SAARC women entrepreneurs have said climate change has altered investment scenario in all economic sectors and called upon women investors of the region to update themselves with business related information keeping global warming in mind.They said women entrepreneurs...

GP signs deal with SEQAEP

2010-01-19 00:00:00

FE ReportGrameenphone (GP) Limited has signed an agreement with the Secondary Education Quality and Access Enhancement Project (SEQAEP) to provide communication facilities to 121 upazila secondary education offices under 61 districts across the country recently, according to a press release....

IBBL holds annual business confce

2010-01-19 00:00:00

The Annual Business and Development Conference-2010 of Khulna and Barisal Zones of Islami Bank Bangladesh Limited (IBBL) was held at a local hotel in Khulna Sunday, according to a press release. IBBL Audit Committee Chairman Md Shahidul Islam inaugurated the...