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Bangladesh apparel makes gains in Japan, but amount still small

2009-12-18 00:00:00

FE ReportBangladesh is making in-road into the Japanese clothing market as retailers from the world's second largest economy look for new import destination ending their over-reliance on Chinese goods, the outgoing JETRO chief said Thursday.Tomohiro Kinomoto, head of Japanese External...

Enabling people to savour freedom in its true sense

2009-12-16 00:00:00

THE nation celebrates today (Wednesday) the 38th anniversary of its Victory Day, commemorating the final defeat of the Pakistani occupation forces and leading to the triumphant emergence of Bangladesh as a sovereign entity in the comity of nations. On this...

People’s dream of true liberation yet to be realized

2009-12-16 00:00:00

Nerun YakubEmotions over the land and language, the air and waters, its flora and fauna, its people and culture -- these are the refrains, come Independence Day or any other occasion of national significance. Yet, instead of becoming a truly...

Governance and growth

2009-12-16 00:00:00

Md Joynal AbdinThe US economy was rising fast during the 1980s economic depression in the east. Despite having the world's largest consumer market, sophisticated technology, unmatched investor group and efficient managers, why the US economy has fallen now into the...

Retaining improvements of Chittagong port

2009-12-16 00:00:00

The great significance of the Chittagong port for the national economy should be obvious. Only from running it efficiently leading to cutting down on handling time at different stages, substantially better earnings and security of the country's export trade can...

Renaming ZIA

2009-12-16 00:00:00

Reportedly the government is go to change the name of Zia International Airport. It is a very shocking news for me. I am a staunch supporter of Awami League (AL). That is why I feel so shocked. I simply cannot...

The spirit of ‘71

2009-12-16 00:00:00

Bangladesh was born because of a series of political events that took place from 1952 to 1971. One can get to know the wonderful story of Bangladesh from the accounts of this eventful period, which left a profound imprint on...

Stop living in the past, be pragmatic and move forward

2009-12-16 00:00:00

Shamsher ChowdhuryLiving in the past has become a hallmark for this nation alongside wasting of valuable time in fixing and re-fixing issues that have long been settled and goals achieved Our glorious past is our pride but a nation cannot...

Quality education for all

2009-12-16 00:00:00

Maswood Alam KhanI still remember the Bangla sentence that I had learnt by rote in my primary school:"Lekha Pora Korey Jey, Gari Ghora Chorey Shey" (Only those who study will be lucky to ride cars and horses). There was another...

Liberation War and development of Bangladesh

2009-12-16 00:00:00

ATM Shawkat HossainBANGLADESH achieved its independence from Pakistan on December 16, 1971. The people of Bangladesh observe the Victory Day on this day every year spontaneously from the core of their heart. The political parties also observe this joyous occasion...

Wednesday

2009-12-16 00:00:00

BTVam07:00 Announcement, Recitation From The Holy Quran, Programme Outline And The Holy Tripitak Paath07:10 Saswato Jibon07:15 Suvechaa Nin08:00 Morning News08:10 Desher Gaan08:30 Open Univercity09:00 Sangbad Shironam09:15 Satellite Transmission11:15 Pachmishali11:40 Koishori12:00 Sangbad Shironam12:05 Sangbadpatrer Pata Theke12:30 Sastha Tathya01:00 Sukhi Paribar01:30 Hijal...

Asian stock markets mixed ahead of Fed meeting

2009-12-16 00:00:00

HONG KONG, Dec 15 (Reuters): Asian stock markets were mixed Tuesday as investors looked to take profits before year's end and awaited the Federal Reserve's latest assessment of the US economy.The region's lackluster trade followed modest gains on Wall Street,...

Wall Street jumps to 14-month highs

2009-12-16 00:00:00

NEW YORK, Dec 15 (CNNMoney.com): Stocks gained Monday, with the three leading indexes closing at 14-month highs, after Citigroup said it will pay back government bailout funds and Dubai received $10 billion to cover its debt, easing worries the emirate...

'Ban on raw jute export to encourage smuggling'

2009-12-16 00:00:00

KHULNA, Dec 14 (UNB): The Jute Press Association of Khulna has expressed apprehension that ban on raw jute export would encourage smuggling of the item across the border.Demanding immediate withdrawal of the export ban, association's General Secretary Akhter Hossain Firoze...

NML to acquire majority stakes in AES Lalpir

2009-12-16 00:00:00

KARACHI, Dec 15 (Business Recorder): Nishat Mills Limited (NML) has entered into an agreement with AES Pakistan HoldCo to acquire substantial majority shareholding in AES Lalpir and AES Pak Gen (Private) Limited. In an information sent to Karachi Stock Exchange...

India urges SEC not to fine Satyam

2009-12-16 00:00:00

KOLKATA, Dec 15 (PTI): India has urged the US Securities and Exchange Commission (SEC) not to impose fine on Satyam, now Mahindra Satyam, in view of irregularities as the company was also listed there."We have urged the SEC that there...

Tata Motors launches upgraded Sumo

2009-12-16 00:00:00

MUMBAI, Dec 15 (Economic Times): Tata Motors, India's largest vehicle maker, expects sales of its sports utility vehicles to rise by 60 per cent to 4.000 units a month, following the introduction of an upgraded version of its Sumo model....

World's first 4G/LTE network goes live in Stockholm

2009-12-16 00:00:00

TeliaSonera's mobile broadband commercial network in Stockholm is now the fastest and largest in the world, according to a press release issued by Ericsson.Carl-Henric Svanberg, President and CEO of Ericsson is excited about this historical moment. "The new era of...

New office bearers of BKBOKS

2009-12-16 00:00:00

Our CorrespondentBRAHMANBARIA, Dec 15: Anil Kumar Saha Roy and Farid Uddin Ahmed have recently been elected President and General Secretary of Bangladesh Krishi Bank Officers' Kallyan Samity (BKBOKS), Brahmanbaria unit respectively for the term of 2010-2012.This was disclosed at the...

Bajaj FinServ may foray into home-loan biz

2009-12-16 00:00:00

NEW DELHI, Dec 15 (Economic Times): Bajaj FinServ, the Bajaj group's financial services arm, is looking to widen its footprint to businesses as diverse as home loan and construction equipment financing as the 'next logical step' in its expanding bouquet...

Oil prices up in Asian trade as regional demand picks up

2009-12-16 00:00:00

SINGAPORE, Dec 15 (AFP): Oil prices rose in Asian trade Tuesday as traders were heartened by renewed demand for energy in the region, dealers said. New York's main contract, light sweet crude for delivery in January, gained 26 cents to...

Unauthorised toll collectors harass traders

2009-12-16 00:00:00

Our CorrespondentGOPALGANJ, Dec 15: Unauthorised toll collectors frequently harass traders at Daulatdia-Paturia ferry ghats when they (the latter) transport various goods from different southern districts to Dhaka. The traders who make regular trips through the ghats with their perishable goods...

Gold hovers near $1129 in Asia

2009-12-16 00:00:00

SINGAPORE, Dec 15 (Commodity Online): Gold prices remained higher in Asian trade Tuesday ahead of a crucial Fed meet scheduled for later Tuesday.Bullion prices firmed as the dollar stayed weak on improved risk tolerance after concerns eased about Dubai's debt...

Pak NCEL launches first futures exchange index

2009-12-16 00:00:00

KARACHI, Dec 15 (Commodity Online): Pakistan's National Commodity Exchange Limited (NCEL) Monday launched the first Commodity Index in the country.Speaking to reporters here, NCEL chairman Sameer Ahmed said, "The NCEL Commodity Index based on the composition of five commodities available...

Wheat extends gains as snow, rain may damage US winter crop

2009-12-16 00:00:00

TOKYO, Dec 15 (Bloomberg): Wheat climbed for a fourth day on speculation that snow storms in the US and reduced planting in Europe may limit northern hemisphere supplies."This year the US had snow earlier than usual and more rain," said...

Dairy, meat prices will spur food inflation

2009-12-16 00:00:00

CHICAGO, Dec 15 (Bloomberg): Rising milk, beef, pork and chicken prices will double the pace of US food inflation next year as livestock supplies shrink and rebounding economies boost demand, said Michael Swanson, a senior economist at Wells Fargo &...

exchange rate

2009-12-16 00:00:00

December 15, Tuesday 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 Bank69.4500102.2460113.50740.791167.613365.952263.7668Agrani Bank69.3500102.6051111.16000.794267.597065.992162.6260FCBsStanChart69.50106.77117.300.8371.8367.7965.84HSBC 69.6265103.8070115.31190.832567.993366.047264.2226Citibank naNANANANANANANABank of Ceylon69.5900103.8239116.37790.814369.603966.504265.9365PCBsUttara Bank69.4500103.2480113.72040.802867.780966.148363.8422AB Bank69.5500103.9210115.15670.8026NANANABuying rates  from public (inward remittance)SCBsUSDEuroGBPJPYCHFCADAUDSonali...

Dhaka applies for Egmont Group membership

2009-12-16 00:00:00

Siddique Islam Bangladesh has applied for membership of Egmont Group to operate its newly-established financial intelligence unit (FIU) in line with international standard, officials said Monday. Malaysia, an Egmont Group member country, made the proposal for inclusion of Bangladesh in...

CBC opens two new SME service centres

2009-12-16 00:00:00

FE ReportCommercial Bank of Ceylon (CBC) PLC has opened two new SME service centres at the city's Progati Sarani and Shantinagar recently.AL Gooneratne, managing director of the bank, inaugurated the SME service centres, said a press release. Senior officials of...

Thrust on separate Islamic banking act

2009-12-16 00:00:00

A one day-long workshop was arranged for the Shariah Inspectors of the Islamic Banks in Bangladesh Monday in a local hotel.Central Shariah Board for Islamic Banks of Bangladesh arranged the programme while Millennium Information Solution Ltd sponsored. Justice Mohammed Abdur...