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Downside risks facing the economy

2010-01-27 00:00:00

THE country's central bank in its just-published annual report for fiscal year (FY), 2008-09, has expressed cautious optimism about the economy maintaining its usual growth path. While releasing the report last Sunday, the Bangladesh Bank (BB) governor said measures have...

Anti-dumping measures: excuses are not enough

2010-01-27 00:00:00

Jamal Ahmed ChowdhuryAccording to a report published in the daily express on January 17, 2010 two important tax measures- anti-dumping and countervailing duty, that government can impose as per WTO rules to restrict and discourage excessive and cheap import as...

For the abolition of school admission test

2010-01-27 00:00:00

Emdadul Haque Parents feel lucky if their kids qualify in admission tests of schools considered to be good. The schools are in high demand for their performance in the SSC examinations.But what credit these reputed schools can claim after admitting...

Why the RMG factories become sick

2010-01-27 00:00:00

A business delegation has offered a bailout formula suggesting that concerned banks will share 40 per cent of the outstanding debts, government could share 40 per cent and the rest 20 per cent could be paid by the sick units...

The scourge of smuggling

2010-01-27 00:00:00

A report in the FE sometime ago stated that only timber valued some 15 billion Taka annually on average get smuggled out from Bangladesh. If this is the estimate for only one item, then what is the total loss on...

Should we pick ears with the tail of a tiger?

2010-01-27 00:00:00

Maswood Alam KhanWhen you are weak physically there is possibility according to medical science that you are weak mentally too and vice versa. But we often confuse our physical weakness with some disabilities. To my personal opinion, if one is...

The feed law would ensure food safety

2010-01-27 00:00:00

Muhammad Abul HossainAQUACULTURE witnessed a huge growth in Bangladesh in recent decades. It was made possible by its growing hatchery industry. Now about 40 per cent of domestic fish supply comes from the cultured fish grown in ditches and other...

Wednesday

2010-01-27 00:00:00

ATN Banglaam07:00 Sangbad07:30 Positive Bangladesh 08:00 Sangbad08:15 Ajker Sangbadpatra08:30 Drama serial- Kothay Pabo Tare09:00 News Bulletins09:10 Drama - Kande Amar Ma10:00 Sangbad10:30 Hello Banglades11:05 Asian City Top Spin 12:00 Sangbad Bulletins12:15 Computer Based Prog. IT ZONE 01:00 Sangbad Bulletins01:25 Band...

Asian stocks fall as China, US measures weigh

2010-01-27 00:00:00

HONG KONG, Jan 26 (Reuters): Asian stocks fell Tuesday as fears of further clampdowns on lending in China and a US plan to freeze domestic spending sparked worries about the outlook for global growth. Highlighting fears that a global recovery...

Karma Sangsthan Bank disburses Tk 13m in Brahmanbaria

2010-01-27 00:00:00

Our CorrespondentBRAHMANBARIA, Jan 26: The Brahmanbaria Branch of Karma Sangsthan Bank (KSB) has so far disbursed Tk 13 million (1.30 crore) among 170 young entrepreneurs and unemployed youths out of the target of Tk 25.30 million this financial year. The...

GM puts its money into electric motor business

2010-01-27 00:00:00

DETROIT, Jan 26 (Reuters): General Motors Co said Tuesday it will set up a 246-million-dollar facility backed by funding from the US government to build electric motors to power future hybrids and possibly pure electric vehicles.The move is part of...

Nissan to drive in nine car models in India by 2012

2010-01-27 00:00:00

PUNE, Jan 26 (Economic Times): Outlining an aggressive plan, Nissan Motors India managing director and CEO Kiminobu Tokuyama said the company will have nine car models in India by 2012, five made in India and the remaining to be imported...

Indian share sales may hit $30b in 2010: JPMorgan

2010-01-27 00:00:00

MUMBAI, Jan 26 (Reuters): JPMorgan expects share sales in India to reach as much as $30 billion in 2010, a 50-per cent increase, led by government stake sales and IPOs by power and property firms, its India investment banking head...

Holcim holds workshop for masons

2010-01-27 00:00:00

FE Report Holcim (Bangladesh) Limited has recently organised a workshop for the masons at Keranigonj in Dhaka district, said a press release.A total of 250 masons were present in the workshop.Holcim Senior Executive (Customer Support) Rashedul Islam gave a brief...

Bearish sentiments dominate LSE

2010-01-27 00:00:00

LAHORE, Jan 26 (Business Recorder): Bearish sentiments dominated on the Lahore Stock Exchange (LSE) Monday and the equities registered decline amid ascending transaction volume under the lead of oil and banking sectors on account of selling pressure. The LSE-25 index...

Aktel to launch e-ticketing service for cancer patients

2010-01-27 00:00:00

FE ReportAktel is going to launch e-ticketing service in the country for the welfare of the cancer-affected people.This e-ticketing service aims to raise funds for building a full-fledged cancer hospital. An MoU (memorandum of understanding) has been signed in this...

Oil prices dip below 75 dollars in Asian trade

2010-01-27 00:00:00

SINGAPORE, Jan 26 (AFP): Oil prices dipped below 75 dollars a barrel in Asian trade Tuesday after overnight gains, amid concerns China would make further moves to tighten credit, analysts said. New York's main futures contract, light sweet crude for...

Urgent steps to avoid spiralling food prices in India

2010-01-27 00:00:00

NEW DELHI, Jan 26 (PTI): Indian President Pratibha Patil Monday called for urgent steps towards a Second Green Revolution to ensure food availability and to avoid spiralling prices. Her suggestion to the government in her address to the nation on...

Boro cultivation may fall due to shortage of seedlings

2010-01-27 00:00:00

Our Correspondent NILPHAMARI, Jan 26: Boro cultivation in the district likely to suffer setback due to acute shortage of seedlings for plantation. Thousands of Boro growers in the district are passing their days in anxiety as the seedlings contacted virus,...

Corn declines as El Nino increases crop prospects in Argentina

2010-01-27 00:00:00

SINGAPORE, Jan 26 (Bloomberg): Corn dropped as El Nino brought more rain to Argentina, the world's third-largest exporter, improving crop prospects. Soybeans traded near the lowest level in more than three months.Corn for March delivery fell 1 per cent to...

exchange rate

2010-01-27 00:00:00

The following were the commercial banks' rates to public for some selectedforeign currencies with Bangladesh Taka in cash transaction Tuesday.Selling rates to public (outward remittance)BankUSDEuroGBPJPYCHFCADAUDSCBsSonali Bank69.450098.5816112.98520.779667.035465.958562.9781Agrani Bank69.450098.2940112.84100.781366.866865.856962.7300FCBsStanChart69.65101.86113.440.7869.0268.3264.94HSBC 69.529099.6824114.35180.795567.408066.024863.4119Citibank naNANANANANANANABank of Ceylon69.5400100.8009115.63380.801768.129766.405765.4650PCBsUttara Bank69.500099.1115112.50360.788566.833165.945662.8968AB Bank69.5000100.1722114.52730.7908NANANABuying rates  from public (inward remittance)SCBsUSDEuroGBPJPYCHFCADAUDSonali Bank68.500096.2452110.85660.753565.435464.384661.4917Agrani Bank68.500096.3193110.80910.750565.318264.389261.6391FCBsStanChart68.6597.61109.050.7365.8465.3261.24HSBC...

Copper, steel push up electronic goods prices

2010-01-27 00:00:00

MUMBAI, Jan 26 (Commodity Online): With the copper prices rising day by day, several companies have decided hike the price of their consumer durable products, which need usage of copper.Companies like LG, Godrej & Boyce, Videocon and Whirlpool may hike...

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...