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Record breaking run at DSE continues

2010-01-11 00:00:00

FE ReportStock prices continued to surge amid buying and selling onslaught Sunday on the Dhaka Stock Exchange (DSE) setting new records in turnover and indices.The market seesawed throughout the session as the investors booked profit on financial stocks while betting...

Court rejects Moeen's plea to drop defamation suit

2010-01-11 00:00:00

A Dhaka court has rejected a motion filed by former army chief Moeen U Ahmed for dismissal of a Tk 1.0 billion (100 crore) defamation suit, his lawyer said Sunday. Former state minister for power Iqbal Hasan Mahmud Tuku filed...

House sits today, 2 bills to be tabled

2010-01-11 00:00:00

The government will table in parliament the vested property return bill and the Criminal Procedure Code amendment bill when it reconvenes today (Monday) after a six-day recess. As per parliamentary tradition, the House was adjourned on Jan 4 after president...

Dhaka to push Tripoli for receiving more workers

2010-01-11 00:00:00

A Z M AnasBangladesh will push Libya for receiving more workers and in turn promise to stem "visa forgery" when overseas employment minister and his team meet this week their Libyan counterparts in Tripoli, officials said Sunday. Tripoli signed a...

REHAB Fair sees Tk 10.83b bookings for plots, flats

2010-01-11 00:00:00

FE ReportThe REHAB housing fair in the city saw bookings worth Tk 10.83 billion (1,083 crore) for plots and apartments.Tanveerul Haque Probal, president of the Real Estate and Housing Association of Bangladesh (REHAB), made the disclosure at the formal closing...

Quick economic turnaround not in sight yet

2010-01-11 00:00:00

From Fazle RashidNEW YORK, Jan 10: Economic indicators, China being a rare exception, worldwide remain feeble and fragile to predict that the global economic turnaround is round the corner. The US economy shed 85,000 more jobs in December dashing hope...

Law ministry opines against presidential mercy

2010-01-11 00:00:00

The Ministry of Law, Justice and Parliamentary Affairs Sunday expressed its opinion that though the President had the prerogative to grant mercy, it would not be judicious to pardon the condemned convicts of the Bangabandhu Murder Case, reports UNB.Three of...

Publishers, sellers observe nationwide dawn-to-dusk strike

2010-01-11 00:00:00

FE ReportBook publishers and sellers Sunday observed a nationwide dawn-to-dusk strike in protest against confiscation of, what they termed, exercise books under a 'backdated law' and police harassment.During the strike, publishing houses and shops remained closed across the country including...

BB announces monetary policy on Jan 19

2010-01-10 00:00:00

Bangladesh Bank (BB) will announce the monetary policy for the second half of the current (2009-'10) fiscal on January 19. The central bank has already finalised the half-yearly policy after discussions with different groups including economists, business leaders and some...

72,000 migrants return as jobs dry up overseas

2010-01-10 00:00:00

A Z M AnasSome 72,000 Bangladeshis returned home jobless last year as global recession sapped demand for workers in the country's traditional overseas job markets, manpower officials said Friday. That figure was an increase of 33 per cent compared with...

Schedules of Asia-Pacific LDC confce, BDF meeting changed

2010-01-10 00:00:00

Nazmul AhsanThe schedules of two important events have been changed because of Prime Minister Sheikh Hasina's visit to India and the Middle East. The three-day conference of the least Developed Countries (LDCs) of Asia-Pacific will now be held in Dhaka...

BoP continues to maintain surplus position

2010-01-10 00:00:00

FE Report The country's overall balance of payments (BoP) continued to maintain a surplus position during the first four months of this fiscal due mainly to higher surplus in current account balance, officials said Saturday. The current account balance recorded...

Shrimp export to EU resumes tomorrow

2010-01-10 00:00:00

The export of freshwater shrimp to the European Union (EU) resumes tomorrow (Monday) after six months' suspension since last June following a perceived act of disservice, reports UNB from Khulna.On detection of health-hazardous antibiotic-nitrofuran in the exported shrimps in January...

ICC Cricket World Cup 2011 trophy unveiled

2010-01-10 00:00:00

The Bangladesh segment of the ICC Cricket World Cup (CWC) 2011 was officially launched Saturday evening with a colourful ceremony at Bangabandhu International Conference Centre in the city, as the countdown to the extravaganza began, reports UNB. International Cricket Council...

Reclaiming rivers and water bodies

2010-01-10 00:00:00

Land grabbing, particularly encroachment of rivers and water bodies, has earned a mafia-type notoriety. Prime Minister Sheikh Hasina on January 3 made a chilling disclosure. She said one of her cabinet colleagues was receiving threat for his efforts to protect...

Real estate sector spreading to city suburbs

2010-01-10 00:00:00

Shahiduzzaman KhanWhile inaugurating the REHAB Fair in the city recently, the state minister for housing issued a veiled warning to the real estate developers. He said many developers are allegedly indulging in corruption and irregularities, and trying to influence the...

Businesses 'abandon' occupation in Manhattan

2010-01-10 00:00:00

Fazle RashidCorporate America prides itself on the fact being a part and parcel of Manhattan. Vacant places for offices equivalent to 920 football fields are now available for rent in the fashionable district of New York city Depressed business has...

The miserable plight of Rohingyas

2010-01-10 00:00:00

The Rohingya is a group of Arakanese people in Myanmar. They inhabit mainly Maungdaw, Buthidaung, Akyab, Rathedung and Kyauktaw townships close to neighbouring Bangladesh. From the 7th century, merchants from the Yemen, Arabia and other parts of the Middle East...

Build up a bright future for our school children

2010-01-10 00:00:00

WE feel worried, shocked and concerned that the standard of education -- general knowledge, language skills, specially of English and knowhow of mathematics -- among our secondary school boys and girls is so deplorable.Many of them cannot even read their...

When one cannot wait to win

2010-01-10 00:00:00

Maswood Alam KhanA sports fan cannot embrace defeat because it is neither easy to accept defeat nor simple to endure embarrassment and shame that come along with it. Feelings of frustration and embarrassment stir up in any sports fan as...

Transforming leadership can bring fundamental changes

2010-01-10 00:00:00

Professor Zillur R. KhanThere is a need for rethinking security, sovereignty and justice -- three vital concepts shaping human relationships at different levels since recorded history. I'll raise a few questions with a special focus on South Asia. First, in...

Asian stocks advance for third week on growth optimism

2010-01-10 00:00:00

SINGAPORE, Jan 9 (Bloomberg): Asian stocks advanced for the third week as higher retail sales and expanding manufacturing activities in the US boosted confidence in the global economic recovery. Nintendo Co, the maker of Wii gaming consoles, surged 16 percent...

Telenor acquires more 11pc stake in Uninor

2010-01-10 00:00:00

NEW DELHI, Jan 9 (Economic Times): Norway's Telenor Friday bought 11 per cent more in Uninor, the mobile phone joint venture with real estate developer Unitech, for Rs 15 billion. The move will help the Indian venture fight the tariff...

China's 'big step' on futures may boost investments

2010-01-10 00:00:00

SHANGHAI, Jan 9 (Bloomberg): China took a "big step" toward opening its capital markets by approving stock index futures, paving the way for increased investment in the world's fastest-growing major economy, according to Invesco Ltd. The China Securities Regulatory Commission...

Bio-gas changes rural lifestyle in Gopalganj

2010-01-10 00:00:00

Our CorrespondentGOPALGANJ Jan 9: Bio-gas has changed the lifestyle of rural people in Gopalganj district.People are using bio-gas in household work in increasing numbers. Consumers can save their money by using bio-gas.One hundred bio-gas plants have been set up in...

Commodities make bright start to 2010

2010-01-10 00:00:00

LONDON, Jan 9 (AFP): Commodities enjoyed a bright start to 2010, with oil bouncing above 83 dollars and sugar striking a 29-year high as traders eyed recovery hopes despite poor US jobs data. Markets tailed off somewhat on Friday as...

Dollar retreats after weak US jobs report

2010-01-10 00:00:00

NEW YORK, Jan 9 (AFP): The dollar skidded Friday as a weaker- than-expected US jobs report dented hopes for an improvement in the labor market and the wider economy. The data showing a loss of 85,000 jobs in December dashed...

Vietnam rice exports to hit 5.5m tonnes this year

2010-01-10 00:00:00

HANOI, Jan 09 (Commodity Online): One of the world's top rice producers, Vietnam said it planned to export 5.5 million tones of rice this year.According to country's Agriculture and Rural Development ministry, rice exporters have signed contracts to export 2.38...

Jhenaidah farmers likely to get better cotton output this year

2010-01-10 00:00:00

Our CorrespondentJHENAIDAH, Jan 9: Farmers in the district again have got inspiration in cotton cultivation as they expect to get a good rate per maund than previous years. Besides, the variety they cultivated was attacked by warms and production quantity...

India to ink diamond pact with Botswana

2010-01-10 00:00:00

SURAT, Jan 09 (Commodity Online): Indian vice-president Hamid Ansari's visit to Botswana this week is all set to bring some cheer to the diamond city of India, Surat. Because Surat's diamond polishing units are all set to get rough diamonds...