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Politics restricts growth of aviation

2010-02-08 00:00:00

Mubashar Hasan AVIATION has drastically cut down travel time and transportation of goods. It added speed to movement and connectivity. Despite globalisation, 'free trade', the internet and economic integration, technology - the aviation industry, stifled by set of rules, does...

Basics of share trading can make an investor a safe player

2010-02-08 00:00:00

Sayed Javed AhmadThe foundation of the share market consists of companies that are actively in business. Only a company that comes to the stock exchanges to raise capital for the business from public investors is listed. Initially, they arrive at...

Gazprom: Angel or Demon?

2010-02-08 00:00:00

Philip H. de LeonGAZPROM faces regular opprobrium for its bullying ways of using energy as a pressure and political tool. Seen by some, mostly Russians, as the symbol of a successful and strong Russia, others see it as a dominating...

Top-10 cos lose Rs 670b from m-cap, NMDC major loser

2010-02-08 00:00:00

MUMBAI, Feb 7 (PTI): The past week, during which benchmark index Sensex dipped below the psychological 16,000-level, saw all the top 10 valued firms losing over Rs 670 billion from their market capitalisation. During the week ended February 6, state-run...

Toyota to recall Prius for brake glitch

2010-02-08 00:00:00

TOYOTA CITY, Japan, Feb 7 (Reuters): Toyota Motor Corp, which has recalled more than 8 million vehicles around the world for problems with unintended acceleration, has decided to recall its new Prius hybrid in Japan to fix a braking software...

Tata Motors may reopen Nano bookings before December

2010-02-08 00:00:00

MUMBAI, Feb 7 (Business Standard): Customers who missed the Nano bus in 2009 will have something to cheer later this year, when Tata Motors reopens bookings for the world's cheapest car, perhaps before December.The company had got 100,000 bookings in...

DBS aims to grow in China and India

2010-02-08 00:00:00

SINGAPORE, Feb 7 (Bloomberg): DBS Group Holdings Ltd, Southeast Asia's biggest bank, will focus on growing its operations in China and India without pursuing acquisitions as the lender seeks to reduce dependence on its Singapore home market. DBS aims for...

'AA' rating assigned to AMF

2010-02-08 00:00:00

KARACHI, Feb 7 (Business Recorder): The Pakistan Credit Rating Agency (Pacra) has assigned a stability rating of 'AA (f)' (Double A - fund rating) to Atlas Money Market Fund (AMF), an open-end money market fund. The fund's rating denotes a...

Obama sets up task force for clean-coal projects

2010-02-08 00:00:00

WASHINGTON,DC, Feb 7 (Commodity Online): Washington will develop a comprehensive strategy to speed development of carbon capture and storage technology for the coal industry, the US President said. US President Barack Obama announced the creation of an Interagency Task Force...

Gold remains under pressure in Asia

2010-02-08 00:00:00

SINGAPORE, Feb 7 (Commodity Online): Gold prices edged up in Asian trade Friday but remained highly volatile after posting huge losses overnight.Gold for immediate delivery was seen trading at $1063.38 an ounce at 11.30 am Singapore time while US gold...

China petrochemical output value to rise in 2010

2010-02-08 00:00:00

BEIJING, Feb 7 (Commodity Online): Output value of China's petroleum and petrochemical industry this year is expected to soar between 13 per cent and 15 per cent year on year.According to China Petroleum and Chemical Industry Association, the revenue of...

Emirates' flights to Rome goes double daily

2010-02-08 00:00:00

DUBAI, UAE, Feb 7: One of the world's most visited countries, Italy, has been brought closer to international travellers after Emirates' flights to Rome went double daily, said a press release.As of today, the airline's 12 times a week service...

Janata Bank disburses Tk 0.24m in B'baria

2010-02-08 00:00:00

Our CorrespondentBRAHMANBARIA, Feb 7: Janata Bank Limited (JBL) disbursed Tk 0.24 million (Tk 2,46,300) among 13 poor farmer-families directly through JBL Akhaura Branch at Basudeb Union Parishad complex auditorium recently. JBL Assistant General Manager (AGM) and Brahmanbaria Zonal Head Md...

Kenya launches new coffee brand

2010-02-08 00:00:00

NAIROBI, Feb 7 (Commodity Online): Coffee Board of Kenya said profile of country's coffee in global market is set to rise following the launch of an identity that will distinguish it from coffees grown in other countries.The Coffee Board of...

exchange rate

2010-02-08 00:00:00

February 07,  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 Bank69.450095.3989108.87740.785565.024565.322660.6119Agrani Bank69.450095.2243108.80590.787764.981065.267760.4104FCBsStanChart69.65101.86113.440.7869.0268.3264.94HSBC 69.607098.5627112.72440.791966.477966.080862.2296Citibank naNANANANANANANABank of Ceylon69.540099.3475113.68660.795567.136566.171964.0811PCBsUttara Bank69.500095.8300109.15320.793464.840765.334660.6143AB Bank69.500097.0376110.44950.7966NANANABuying rates  from public (inward remittance)SCBsUSDEuroGBPJPYCHFCADAUDSonali...

Ahmadinejad orders higher enrichment of uranium

2010-02-08 00:00:00

TEHRAN, Feb 7 (AP): Iran's president Mahmoud Ahmadinejad ordered his country's atomic agency Sunday to begin the production of higher enriched uranium, in a move that's likely to deepen international skepticism about the country's real intentions on the crucial issue...

Clouds force space shuttle delay, next try today

2010-02-08 00:00:00

CAPE CANAVERAL, Fla., Feb 7 (AP): Clouds prevented space shuttle Endeavour from blasting off Sunday on the last planned nighttime shuttle launch, delaying its trip with a final few building blocks for the International Space Station.The band of low clouds...

India successfully tests N-capable missile

2010-02-08 00:00:00

NEW DELHI, Feb 7 (AP): India again successfully test-fired a nuclear-capable missile Sunday that can hit targets across much of Asia and the Middle East, an official said.It was the fourth test of the Agni III missile, the official at...

US snowstorm causes power cuts in US capital region

2010-02-08 00:00:00

Hundreds of thousands of people remain without power in Washington DC and nearby states after a blizzard blanketed the area with record snows, reports BBC. Electricity was cut to at least 300,000 homes as the snow felled trees, and cut...

Karzai eyes return to conscript army

2010-02-08 00:00:00

MUNICH, Feb 7 (AFP): Afghan President Hamid Karzai said Sunday that he was mulling a return to a conscript army, as he seeks to build his insurgency-hit nation's security forces over the next five years."This will be philosophically one of...

HIGHLIGHTS

2010-02-08 00:00:00

Sajan Ghar Jaana HaiOn STAR PLUS Monday at 08-30 pmThe story revolves around how a simple and sweet girl gets married in difficult situations and yet cannot be with her husband. Watch to find out what will Dhaani do and...

Monday

2010-02-08 00:00:00

ATN Banglaam07:00 Sangbad 07:30 Positive Bangladesh08:00 Sangbad08:15 Ajker Shongbadpotro08:30 Drama Serial- Mike09:00 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 Sangbad...

Southeast Bank holds workshop

2010-02-08 00:00:00

Southeast Bank Limited (SEBL) held a workshop on 'Implementation of Supervisory Review Process under Pillar two of Basel two at its training institute in the city recently, said a press release. Deputy Managing Director of the bank Syed Imtiaz Hasib...

ICB AMCL announces NAV of eight mutual funds

2010-02-08 00:00:00

ICB Asset Management Company Ltd (AMCL), a subsidiary of Investment Corporation of Bangladesh, announced Net Asset Value (NAV) of eight mutual funds recently. The total NAV of ICB AMCL First Mutual Fund stood at Tk 31,70,99,821.08 on the basis of...

New licences soon to check illegal VoIPs

2010-02-08 00:00:00

Ministry of Post and Telecommunications will issue four new types of licences under the amended International Long Distance Telecommunications Services (ILDTS) policy for checking all illegal VoIPs in the country, reports BSS. Post and Telecommunication Secretary Sunil Kanti Bose Sunday...

Rajuk sues Jamuna Future Park owner

2010-02-08 00:00:00

Rajdhani Unnayan Katripakhha (Rajuk) filed a contempt of court suit against an owner of Jamuna Future Park Sunday accusing him of misinterpreting a High Court (HC) ruling that had dismissed a Jamuna Group appeal against a demolition notice served on...

Bangladeshi food festival begins

2010-02-08 00:00:00

FE ReportA week-long traditional Bangladeshi food festival, titled 'Regency Bangla Food Festival arranged by Bangladesh Parjatan Corporation (BPC) in collaboration with the Dhaka Regency Hotel began Saturday.The festival is a part of BPC's 'month-long tourism festival' on the occasion of...

Govt approves RFP for bidders to set up large power plant

2010-02-08 00:00:00

The ministry of power has finally decided to issue the request for proposal (RFP) in favour of qualified bidders to set up one of the country's largest power plants -- 450 megawatts combined cycle Bibiyana unit, reports UNB.The Power Cell,...

Labour unrest, recession 'cause RMG sector to sustain loss'

2010-02-08 00:00:00

Our CorrespondentCHITTAGONG, Feb 07: The readymade garments (RMG) entrepreneurs said the sector experienced negative growth in export over the last seven months against the current fiscal year's RMG export target of $17.6 billion due to production loss for labour unrest,...

GP signs another infrastructure sharing deal with Aktel

2010-02-08 00:00:00

Grameenphone Limited (GP) signed another deal with Axiata (Bangladesh) Limited known as Aktel to share their infrastructure for mutual benefit, reports BSS.The agreement between the two companies was signed Saturday to share their telecom infrastructure mainly to expand rural network....