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Sri Lankans vote in historic election

2010-01-27 00:00:00

COLOMBO, Jan 26 (CNN): Sri Lankans went to the polls Tuesday in the island nation's first peacetime presidential election in 26 years, despite explosions and mortar fire in the capital of Northern Province hours before polls opened.Once a stronghold for...

Bomb kills 18 at forensics centre in Baghdad

2010-01-27 00:00:00

A suicide car bomber has killed at least 18 people and injured 80 at a government forensics centre in the Iraqi capital Baghdad, police say, reports BBC.The attacker apparently tried to drive through a police checkpoint and blast walls protecting...

India celebrates Republic Day in dense fog

2010-01-27 00:00:00

NEW DELHI, Jan 26 (AFP): Blanket fog obscured the start of India's 60th Republic Day celebrations Tuesday, with the annual military parade in New Delhi held under heightened security due to fears of militant attacks. Before the ceremonies kicked off,...

France MPs' report backs Muslim face veil ban

2010-01-27 00:00:00

A French parliamentary committee has recommended a partial ban on women wearing Islamic face veils, reports BBC.The committee's near 200-page report has proposed a ban in hospitals, schools and on public transport.France has been debating whether to ban face-covering Muslim...

news digest

2010-01-27 00:00:00

Bomb wounds five policemen in PakistanQUETTA, Jan 26: At least five people including a district police chief were wounded Tuesday in a bombing in Pakistan's southwest, troubled by Islamist and separatist unrest, officials said. The remote-controlled bomb exploded in Jafferabad...

SCBs lose market to private banks

2010-01-27 00:00:00

Siddique Islam The market share of state-owned commercial banks (SCBs) has declined while that of the private commercial banks (PCBs) increased gradually, officials said. "In 2008 the SCBs held 31.1 per cent of the total industry assets against 33.1 per...

SEC urged to allow more issues to cool down overheated market

2010-01-27 00:00:00

FE ReportThe share market stakeholders called upon the authorities Monday to take immediate steps to increase the supply of shares in the market, which is getting overheated with every passing day.The appeal was made in a meeting between the Securities...

AB Bank awarded MasterCard principal membership

2010-01-27 00:00:00

FE ReportAB Bank Ltd, the first private bank in the country, has been granted a Principal Member licence by MasterCard Worldwide for issuance of MasterCard credit card, Maestro debit and prepaid cards in Bangladesh along with licence to accept of...

Plastic houseware demand up in domestic market

2010-01-27 00:00:00

Mehdi Musharraf BhuiyanRising demand for plastic houseware in the domestic scene has recently come to drive the growth of the market for plastic products in Bangladesh, industry insiders said Tuesday as the annual International Plastic Fair kicked off in the...

First Security Bank provides free eye care to orphans

2010-01-27 00:00:00

As a part of Corporate Social Responsibility Programme, First Security Islami Bank Limited (FSIBL) in association with Bankers Forum provided free eye care services to the distressed orphan children.FSIBL Managing Director AAM Zakaria distributed spectacles among the orphans, according to...

Citi hosts discussion on microfinance

2010-01-27 00:00:00

FE ReportCitibank, N.A., Bangladesh, has for the first time, held a roundtable discussion on "Recognizing Risk, Avoiding the Banana Skins in Microfinance" Monday in the city.The meeting, which was inaugurated by the former Advisor, Dr. A.B. Mirza Md. Azizul Islam,...

DBH's earnings per share up by 88pc

2010-01-27 00:00:00

FE ReportDelta Brac Housing Finance Corporation Ltd. (DBH)'s earnings per share (EPS) has increased to Tk. 47 in the first six months of the current financial year ended December 31, 2009.This is about 88 percent increase against Tk 25 of...

Interest rate, investment ceiling cut under study

2010-01-27 00:00:00

S M JahangirThe government is considering reducing interest rate and investment ceiling under the savings instruments to put a limit to its borrowings from the sources, officials said."Both the options - reduction of interest rate and curbing the investment ceiling...

Thrust on opening up new, diversified investment portfolios

2010-01-27 00:00:00

FE ReportThe introduction of Basel-II will revolutionise the country's banking system, procedures, methodologies, customs and practices in the coming days, said IFIC Bank chief."Banking in Bangladesh has entered a new era of Basel-II which introduced the risk-based capital adequacy concept...

British co to invest $5.0m in Dhaka EPZ

2010-01-27 00:00:00

M/s Talisman Limited, a 100 per cent foreign-owned UK-based company, will invest US$5.0 million for setting up high fashion garment units and producing garment items in Dhaka Export Processing Zone (EPZ), according to a press release.The company will also create...

AIBL holds workshop

2010-01-27 00:00:00

A day-long workshop on 'Micro-Finance and Agri-Investment' for the field officials and branch managers of Al-Arafah Islami Bank Limited (AIBL) was held at its training academy in the city recently.Managing Director of the bank MA Samad Sheikh inaugurated the workshop...

IPO Diary

2010-01-27 00:00:00

ACI 20pc Convertible Zero Coupon BondsSubscription OpenJanuary 31, 2010Subscription CloseFebruary 04, 2010For Non resident BangladeshisJanuary 31, 2010 to February 13, 2010Total Issue Size1,335,850 Convertible Zero Coupon Bonds ofTk 1,000 each totaling Tk 1,335,850,000.Private Placement801,510 Convertible Zero Coupon Bonds of Tk...

Tamim refuses to bow down as Tigers hang on

2010-01-27 00:00:00

Opener Tamim Iqbal refused to bow down as he slammed a magnificent 151 while Tigers still kept breathing at the close on the third day of the Second Test match between Bangladesh and India at Sher-e- Bangla National Stadium in...

Ryan Harris grabs five as Australia take series

2010-01-27 00:00:00

In his second one-day international, Ryan Harris kept a cool head under pressure to deliver Australia a 40-run victory and an unassailable 3-0 series lead after Shahid Afridi lit up a match that had threatened to fizzle out. Workmanlike half-centuries...

Murray advances, Nadal pulls out with knee injury

2010-01-27 00:00:00

MELBOURNE, Australia, Jan 26 (AP): Andy Murray advanced to the Australian Open semifinals when Rafael Nadal retired from their quarterfinal with a knee injury Tuesday.In a match which more resembled a tournament final or semifinal due to the high caliber...

Tamim dedicates career best ton to his father

2010-01-27 00:00:00

Opener Tamim Iqbal, who scored a career best 151 runs against India during the Second Test Tuesday, dedicated it to his late father, saying "my father would be very pleased if he were alive today", reports UNBAddressing a post match...

Pressure from above led to Arthur departure

2010-01-27 00:00:00

Mickey Arthur's resignation as South Africa's coach came in the wake of increasing pressure from administrators over what they saw as the under-performance of the national team, according to webite cricinfo. Arthur quit in dramatic circumstances on Monday, reportedly following...

Man City prepared to let Robinho leave on loan

2010-01-27 00:00:00

MANCHESTER, England, Jan 26 (AP): Manchester City is negotiating with Santos and Sao Paulo over the Brazilian teams' desire to sign Robinho on loan.Manchester City manager Roberto Mancini says he will include Robinho in his squad for Wednesday's League Cup...

Develope objective journalism to establish people's rights

2010-01-27 00:00:00

President Zillur Rahman has laid emphasis on developing objective journalism for protecting the country's independence and sovereignty as well as establishing rights for the people. "Ideal journalism is one of the safeguards to protect country's independence and sovereignty as well...

SC wants measures to prevent martial law

2010-01-27 00:00:00

The Supreme Court (SC) said the state should have measures in place to prevent future imposition of martial law and military rule, reports bdnews24.com. A six-member full bench of the court made the observation Tuesday during proceedings on petitions against...

Petition over DCC wards 'intentional': Shakhawat

2010-01-27 00:00:00

An election commissioner has termed filing of a petition seeking fresh demarcations of Dhaka City Corporation (DCC) wards, just days before the announcement of the poll schedule is due, as motivated. "Filing of this writ petition at a time when...

Bangladesh Army deploys new contingent in Congo

2010-01-27 00:00:00

Bangladesh Army is going to deploy a 180-member new contingent BANENGINEER-1 of Engineer Corps with the Bangladeshi Contingent already deployed at United Nations Organisations Mission in the Democratic Republic of Congo (MONUC), said an ISPR press release. This Contingent includes...

PBCP barricades roads in hill dists

2010-01-27 00:00:00

KHAGRACHHARI, Jan 26 (bdnews24.com): A Bangali organisation barricaded two roads in Khagrachhari and Rangamati Tuesday, a day after hill people had barricaded roads in the hill districts in protest over a land dispute. The roadblock-cum-siege called by the Parbattya Bangali...

12 'rajakars' sued in Joypurhat

2010-01-27 00:00:00

JOYPURHAT, Jan 26 (UNB): Twelve suspected 'rajakars' (collaborators) were sued Monday for looting and arson attack at Shamantahar village in Khetlal Upazila during the War of Liberation in 1971.Mr Akhtar Fakir, son of Dr Jaherul Haque of Shakharunja village in...

Section 144 bars BNP factions from holding meet

2010-01-27 00:00:00

BRAHMANBARIA, Jan 26 (UNB): Two groups of BNP activists failed to hold their conference at Alauddin Khan Municipality auditorium in the town Tuesday due to imposition of Section 144 there.Convenor of district BNP Advocate Harun-al-Rashid and rebel group called their...