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Japan MP wants CHT land issue resolved

2009-12-22 00:00:00

The government should give priority to resolving land disputes to fully implement the Chittagong Hill Tracts peace accord, Japanese parliamentarian Naoto Sakaguchi says, reports bdnews24.com.“First priority is definitely the land issue since it’s related to human rights and important for...

Six MPs appointed PC members

2009-12-22 00:00:00

The government Monday appointed six lawmakers members of the Privatisation Commission (PC) report BSS. They are Obaidul Quader (Noakhali-5), Shafiqur Rahman Chowdhury (Sylhet-2), M Abdus Sattar (Mymensingh- 8), M Jainal Abedin (Meherpur-1), Tipu Munshi (Rangpur-4) and Mahbub Ara Begum Gini...

Searching for investment recovery

2009-12-21 00:00:00

When it comes to investment there seems to be no dearth of good ideas around, some really innovative by Bangladesh standards like the Public Private Partnership (PPP). If all the talk about boosting domestic investment were to materialize, economic growth...

Time to take a hard look at the price situation

2009-12-21 00:00:00

Shamsul Huq ZahidThe inflationary pressure on the economy after easing in recent months is showing a few signs of getting strong again. The World Bank has already cautioned about the inflationary buildup because of a number of factors, including the...

Potential for developing Bangladesh's pharmaceutical sector

2009-12-21 00:00:00

Ferdous AlamThe export value of pharmaceuticals, though small, is growing at 50 per cent per year. Exports increased from $8.2 million in 2004 to $28.3 million in 2007 and expanded further in last two of years. The export destinations have...

Ensuring a liveable world for the future generation

2009-12-21 00:00:00

THE Copenhagen summit over climate change, despite having prolonged discussions on taking concerted and multipronged actions for combating global warming, has produced an accord, crafted by a core of some two dozen countries, of a non-binding nature that is vague...

Agreeing on international verification regime

2009-12-21 00:00:00

UNITED Nations Secretary-General Ban ki Moon's warning that nature does not negotiate with us is most relevant. To make efforts to help combat the effects of climate change success and to move forward beyond Copenhagen, developing countries like India and...

Commonman's plight in Pakistan

2009-12-21 00:00:00

IT'S a very shocking news that a suicide bomber rammed a car into a mosque during Juma prayers the other day killing 11 people in northwest Pakistan, while a US missile strike pounded the troubled region leaving seven militants dead....

Mutual funds, High Court verdict and SEC

2009-12-21 00:00:00

M H Rashid Our capital market, with a sustainable gain and the potentiality in terms of growth and expansion in the immediate future, is witnessing the most vibrant year so far. Current year's most discussed subjects in the burses are:...

Funds for developing countries to combat the effects of climate change

2009-12-21 00:00:00

M A RahmanTHE Copenhagen Summit on climate change has produced nothing substantive in nature, after its long sessions of meetings and discussions, beyond a non-building understanding or accord, short of formal nature. The developed and rich countries have "promised" in...

Asian stocks fall for second week, Chinese developers lead drop

2009-12-21 00:00:00

HONG KONG, Dec 20 (Bloomberg): Asian stocks fell for a second week, led by Chinese developers on concern the nation will step up measures to curb property speculation. Japanese banks rose on optimism they'll have at least a decade to...

Hyundai to form $400m truck venture in China

2009-12-21 00:00:00

SEOUL, Dec 20 (Bloomberg): Hyundai Motor Co, South Korea's largest automaker, plans to form a 400-million-dollar venture with Baotou Bei Ben Heavy-Duty Truck Co in China next year to expand in the country set to become the world's biggest auto...

Banking, pharma & PSU stocks witness better trading volumes

2009-12-21 00:00:00

NEW DELHI, Dec 20 (Economic Times): Stocks of banks, pharmaceuticals companies and public sector undertakings (PSUs) have registered a growth in trading volumes in the last quarter of 2009, their reputation as defensive stocks presenting a picture of contrast to...

Eli Lilly markets Humapen Ergo II in Bangladesh

2009-12-21 00:00:00

Eli Lilly & Company, a world leading pharmaceutical company, last week marketed its world class insulin device Humapen Ergo II in Bangladesh, a press release said.Swapan Kumar Modak, managing director of International Agencies Bangladesh Limited, the local partner of Eli...

Madoff case to test Luxembourg fund rules

2009-12-21 00:00:00

ZURICH/BRUSSELS, Dec 20 (Reuters): Luxembourg's drive to become a major funds domicile faces a stiff test next year when investors who lost money in Bernard Madoff's $65 billion fraud seek compensation from UBS via a Luxembourg court.The push to attract...

Indian ADRs added $ 3.1b past week, Wipro leads

2009-12-21 00:00:00

NEW YORK, Dec 20 (PTI): The cumulative valuation of the Indian stocks trading on the American bourses rose by USD 3.1 billion past week, with IT major Wipro emerging as the biggest gainer in terms of market capitalisation.For the week...

Green tech IPOs stronger in 2010 but no deal rush

2009-12-21 00:00:00

NEW YORK, Dec 20 (Reuters): Green technology companies could see a little more investor interest in 2010 if rising oil prices encourage energy users to look for alternative sources of fuel.In a sign of what might be on the horizon,...

OPEC to hold oil flow steady

2009-12-21 00:00:00

LUANDA, Dec 20 (AFP): Sitting comfortably on strong oil prices, OPEC crude producers are set to hold their output steady at their meeting in Angola Tuesday while eyeing the rising prospects of Iraq, observers say. The meeting of the Organisation...

Coal prices to be bullish next year on China factor

2009-12-21 00:00:00

BEIJING, Dec 20 (Commodity Online): With Chinese economy rebounding and demand for coal warming up, coal prices are set to go northwards, according to Himfr.com, one of China's leading B2B search platforms. The price of steam coal is rising and...

Pabna Sugar Mills starts cane crushing despite loss of Tk 610m

2009-12-21 00:00:00

Our CorrespondentPABNA, Dec 20: Pabna Sugar Mills started production Friday with the target of crushing 65,000 tonnes of sugarcane despite incurring a loss of Tk 610 million, official source said. Samsur Rahman Sarif Dilu, MP, inaugurated the sugarcane crushing programme...

Rural fair begins in Gaibandha

2009-12-21 00:00:00

Our CorrespondentGAIBANDHA, Dec 19 : A five-day rural business fair began at the ground of Jumarbari Adarsha College under Shaghata Upazila in the district Thursday.The fair is being organised to display the technology used in making products and services of...

£1.9m gold iPhone hits market

2009-12-21 00:00:00

LONDON, Dec 20 (Commodity Online): A British company has unveiled the world's most expensive mobile phone - a gold iPhone encrusted with nearly 200 diamonds that retails at a hefty 1.92 million pounds, or Rs.147 million.The phone, designed by Stuart...

Wheat futures rise most this month

2009-12-21 00:00:00

CHICAGO, Dec 20 (Bloomberg): Wheat futures rose the most this month as speculative investors bet that the steepest decline in three weeks was overdone.The price plunged 3.5 per cent Friday, the most since November 24, bringing this month's decline to...

Swedish jeans 'Made in North Korea' go on sale

2009-12-21 00:00:00

STOCKHOLM, Dec 20 (AFP): The "first ever" brand of jeans made in North Korea went on sale in Stockholm Saturday, the Swedish company behind the communist-made denims said. "There has been a constant flow of shoppers," Tor Rauden Kaellstigen of...

Steel prices set to go up next month

2009-12-21 00:00:00

MUMBAI, Dec 20 (Commodity Online): Major steel producers in India expect the steel prices to go up in the coming months.Steel Authority of India Ltd said steel prices will go up next month following a rise in global prices.International prices...

Argentina's costly christmas beef offers taste of future prices

2009-12-21 00:00:00

BUENOS AIRES, Dec 20 (Bloomberg): Argentine beef prices are expected to climb next year after rising 13 per cent before the holidays, when consumption peaks in the world's largest red-meat-eating country, a farm group said.Cattle shortages and drought are boosting...

exchange rate

2009-12-21 00:00:00

December 20, 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 Bank69.4500100.1172112.48390.776266.983965.482062.1824Agrani Bank69.3500102.6051111.16000.794267.597065.992162.6260FCBsStanChart69.50106.77117.300.8371.8367.7965.84HSBC 69.6305102.2410114.95700.820367.219365.646062.9907Citibank naNANANANANANANABank of Ceylon69.5900103.8239116.37790.814369.603966.504265.9365PCBsUttara Bank69.5000100.5498112.76890.784066.794665.469462.1848AB Bank69.5500103.9210115.15670.8026NANANABuying rates  from public (inward remittance)SCBsUSDEuroGBPJPYCHFCADAUDSonali...

Copenhagen failures strike at heart of UN system

2009-12-21 00:00:00

COPENHAGEN, Dec 20 (AFP): For the past decade, the effort to muster an alliance of nations to fight climate change has seemed at times like a train wreck in slow motion. In Copenhagen last week, there were moments when that...

Maoist-called strike cripples life in Nepal

2009-12-21 00:00:00

KATMANDU, Dec 20 (AP): Supporters of Nepal's former Maoist rebels clashed with riot police, attacked vehicles, forced shops to close and blocked highways across the country Sunday to enforce a general strike called to protest the president.The Maoists called the...

Blizzard blasts eastern US, Washington snowed under

2009-12-21 00:00:00

WASHINGTON, Dec 20 (AFP): A deadly snow storm described as one of the worst in a decade blanketed much of the eastern United States Saturday, grounding flights and bringing traffic to a standstill on the last weekend of the holiday...