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Demand for kerosene goes up following gas crisis

2010-02-03 00:00:00

FE ReportThe demand for kerosene has increased at least 30 per cent in recent weeks following mounting gas crisis in the city and peripheral areas, officials at the Bangladesh Petroleum Corporation (BPC) said Tuesday. The ongoing gas crisis forced many...

Financial assets of 'capital market must be enhanced'

2010-02-03 00:00:00

FE ReportPrime Minister's Economic Affairs Adviser Dr Mashiur Rahman has said the financial assets of the capital market must be enhanced and the risk of investments should be kept at a tolerable level.The adviser said this in his address as...

Gov expands OMS of rice to div cities

2010-02-03 00:00:00

The government Tuesday decided to introduce the Open Market Sale (OMS) of rice in six divisional headquarter of the country, reports BSS.The Ministry of Food and Disaster Management at a high-level meeting took the decision that 25 tonnes of rice...

Sri Lanka: the challenge of national reconcilation

2010-02-02 00:00:00

The worst is behind Sri Lanka since May last year when the 26-year civil war in the island nation ended with the total defeat of the Tamil Tigers. But the ethnic and religious divisiveness and bitterness continue to plague the...

How to digitise Bangladesh

2010-02-02 00:00:00

Syed Ahsanul AlamDIGITAL Bangladesh does not necessarily mean one man one computer. For the near future neither does it mean 100 per cent computer literacy or Internet connectivity. But it definitely underscores networking all the administrative units in the country....

Reform of higher education, UGC overdue

2010-02-02 00:00:00

Prof. Lutfor Rahman The University Grants Commission of Bangladesh in its report recently states that the public and private universities were largely unable to meet the objectives of higher education. Among contributing factors it identified influence of partisan politics on...

Safe roads or wayside tree?

2010-02-02 00:00:00

A road accident in Faridpur on the dawn of the New Year's Day claimed 18 lives and left many more wounded, all passengers of a bus. A number of dailies could not publish the news in the front pages. Resignation...

Drug issues

2010-02-02 00:00:00

It is necessary for the government to regulate drug prices. The companies, under the free market system, may be allowed to go on setting drug prices but they should be clearly warned and obliged to do so-- reasonably and ethically--...

Renovating kitchen markets

2010-02-02 00:00:00

A Bengali daily carried a news, rather a plea, to renovate Katalbaghan kitchen market and narrated the woes of marketgoers there.Well, whoever has ever seen a renovated, spick and span kitchen market anyway? Kitchen markets have through the ages grown...

The question of religion studies at primary level

2010-02-02 00:00:00

Tayeb HusainRECENTLY Prime Minister (PM) Sheikh Hasina announced that "the government will introduce religion studies at primary level through the new education policy and raise allowances for the Imams". She further went on to say that "The government will also...

Not to forget who we are

2010-02-02 00:00:00

Sayed Javed AhmadBISHWA Ijtema (world congregation or global congregation or meeting) ended last month. It is said that approximately 2.5 million (25 lakh) people attended the programme, which basically is an annual Tablighi jamaat (conveying group), an Islamic movement congregation....

Obama and Latin America

2010-02-02 00:00:00

Jorge HeineAS we approached the first anniversary of President Obama's inauguration, all eyes were set on health care reform and its ultimate fate in the Congress. In foreign affairs, the war in Afghanistan held center stage. Less attention had been...

Asian shares fall to three-month lows

2010-02-02 00:00:00

SINGAPORE, Feb 1 (Reuters): Asian stocks fell to three-month lows Monday with investors cautious after new data strengthened the case for tighter Chinese monetary policy and as attention focused on key US economic reports due this week.European shares were also...

Toyota recall spreads to cars in ME

2010-02-02 00:00:00

TOKYO, Feb 1 (Economic Times): Toyota Motor Corp said it is recalling 2005-2010 model year Avalons and 2009-2010 Sequoia cars in the Middle East to fix faulty accelerator pedals that have led to the recall of a combined 4.4 million...

Alcatel-Lucent to pay $10m in Costa Rica case

2010-02-02 00:00:00

SAN JOSE, Costa Rica, Feb1 (Reuters) - Telecom equipment maker Alcatel-Lucent said recently it would pay $10 million to settle a corruption case in Costa Rica.Alcatel-Lucent was accused of paying kickbacks to former Costa Rican President Miguel Angel Rodriguez and...

Pfizer eyes tie-ups with Japan firms

2010-02-02 00:00:00

TOKYO, Feb 1 (Reuters): US pharmaceutical giant Pfizer Inc may tie up with one or more generic drug makers in Japan as it targets demand in the growing market, which it plans to enter after 2010, an executive at its...

Maruti, Hyundai sales jump in January

2010-02-02 00:00:00

NEW DELHI, Feb 1 (Economic Times): India's largest car manufacturer Maruti Suzuki Monday reported a 33.3-per cent rise in sales in January at 95,649 vehicles compared to the like month last year. The company exported 14,562 units during the month...

Citi plans sale of private equity unit

2010-02-02 00:00:00

NEW YORK, Feb 1 (Reuters): Citigroup Inc plans to sell or spin-off its $10 billion Citi Private Equity unit in order to cut its debt, Bloomberg reported Sunday, citing people familiar with the matter.Citigroup made the decision to sell the...

Ashok Leyland net zooms 450pc

2010-02-02 00:00:00

CHENNAI, Feb 1 (Economic Times): Hinduja group flagship Ashok Leyland (ALL) posted a spectacular performance in the third quarter ended December 31, 2009, with a 450-per cent jump in net profit at Rs 1.05 billion against Rs 1.09 billion in...

Asia now world's biggest air travel market: IATA

2010-02-02 00:00:00

SINGAPORE, Feb 1 (AFP): The Asia-Pacific region has overtaken North America as the world's largest air travel market with 647 million passengers in 2009, the International Air Transport Association (IATA) said Monday. By contrast, 638 million people flew on commercial...

India asks states to boost food production

2010-02-02 00:00:00

NEW DELHI, Feb 1 (Commodity Online): Indian Prime Minister Dr Manmohan Singh has asked state governments to tackle shortages of essential supplies while promising all possible assistance from the Centre.Addressing the first annual conference of the Chief Secretaries here, he...

Pakistan raises fuel prices again

2010-02-02 00:00:00

ISLAMABAD, Feb 01 (Commodity Online): Pakistan on Sunday announced yet another increase in fuel prices.Country's Oil and Gas Regulatory Authority (OGRA) has announced the new oil prices of petroleum products with increase of Pak Rs 6.10 per litre in petrol...

Oil prices down in Asian trade

2010-02-02 00:00:00

SINGAPORE, Feb 1 (AFP): Oil prices fell in Asian trade Monday as worries over demand and the global economic recovery weighed on investor minds, analysts said. New York's main futures contract, light sweet crude for delivery in March, was down...

Acute seedling crisis hits Boro farming in Kushtia

2010-02-02 00:00:00

Our CorrespondentKUSHTIA, Feb 1: Farmers in the district are facing an acute shortage of seedlings at the onset of Boro season as the seedlings on a vast of tract of land have been damaged due to severe cold and dense...

US imposes anti-dumping duty on China blankets

2010-02-02 00:00:00

WASHINGTON, Feb 01 (Commodity Online): After imposing duties on China's steel pipes, the US has decided to impose antidumping duties on electric blanket products from China.The US Commerce Department in a preliminary ruling said blankets imported from Hung Kuo Electronics...

exchange rate

2010-02-02 00:00:00

February 01,  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 Bank69.450096.8158110.99400.778465.803065.279961.5961Agrani Bank69.450096.5716110.92410.781565.743365.200861.3549FCBsStanChart69.65101.86113.440.7869.0268.3264.94HSBC 69.530598.9452114.25450.792266.778865.820563.2728Citibank naNANANANANANANABank of Ceylon69.5900100.6715115.11140.809967.985566.200565.5886PCBsUttara Bank69.500097.2054111.26820.786565.261365.592361.5776AB Bank69.550098.5286112.68610.7904NANANABuying rates  from public (inward remittance)SCBsUSDEuroGBPJPYCHFCADAUDSonali...

Female suicide bomber kills 41 in Iraq

2010-02-02 00:00:00

At least 41 people have been killed and 106 injured by a female suicide bomber in north-east Baghdad, an interior ministry spokesman has said, reports BBC.The woman detonated an explosives vest among a group of pilgrims making the journey to...

Pakistani troops kill 15 Taliban

2010-02-02 00:00:00

PESHAWAR, Feb 1 (Reuters): Pakistani forces backed by helicopter gunships have killed 15 Taliban in clashes that erupted after militants attacked a military post and convoy in the northwest of the country, an official said Monday.Security forces have in recent...

China accuses US of arrogance over Taiwan deal

2010-02-02 00:00:00

China's state media has accused the United States of "arrogance" and "double standards" in pursuing arms sales to Taiwan, reports BBC.The state-run China Daily and the Global Times also warned that China's threats of retaliation were real. The Obama administration...

13 killed in Mexico as gunmen storm high school party

2010-02-02 00:00:00

MEXICO CITY, Feb 1 (Xinhua): Thirteen people were killed and 17 others wounded Sunday as gunmen stormed a high school party in Ciudad Juarez, a Mexican town bordering the United States.Chihuahua's Prosecutor's Office said in a statement that the attack...