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Decision on minimum IPO offloading draws flak

2009-12-14 00:00:00

Mohammad MufazzalThe recent finance ministry decision on initial public offering (IPO) will just close the window of fresh share supplies into the market and will also discourage other companies, which have already lined up to float IPO, issue managers and...

Five die in M’singh road crash

2009-12-14 00:00:00

MYMENSINGH, Dec 13: Five people were killed and eight others injured as a bus rammed into a tempo at Jamtola in Sadar Upazila Sunday noon. Three of the deceased were identified as Robin (25), Dulal (35) and Abdul Hai (45)...

TCB to import palm oil from Malaysia

2009-12-14 00:00:00

Trading Corporation of Bangladesh (TCB) is taking initiative to import palm oil from Malaysia at cheaper rate. Commerce Minister Faruk Khan said Sunday said this while talking to journalists after his meeting with the visiting Malaysian minister Bernard G Dompok....

New green brick kilns can be money spinner for Bangladesh

2009-12-14 00:00:00

Munima SultanaBangladesh can earn US$70 million and more a year --- enough to build another bridge on the river Karnaphuli --- from global carbon trading by reducing emission of its thousands of brickfields.A Bangladesh University of Engineering and Technology (BUET)...

Khaleda announces 19-member standing committee

2009-12-14 00:00:00

BNP chairperson Khaleda Zia announced tonight a 19-member standing committee, the highest decision making body of the party, reports UNB.The committee members are:1. Begum Khaleda Zia, 2. Khandker Delwar Hossain, 3. Dr RA Gani,4. Dr Khandker Musharraf Hossain,5. Barrister Maudud...

Banks to reschedule agri credits as long-term loans

2009-12-14 00:00:00

FE Report The central bank has allowed the commercial banks to reschedule their agricultural credits as long-term loans to facilitate farmers across the country. "We've issued a directive clarifying rescheduling of agricultural credits by the commercial banks to strengthen the...

Rupayan to build $40m ICD in N'ganj

2009-12-14 00:00:00

Mushir AhmedLeading real estate developer Rupayan Group would build the country's largest private port cum inland container depot at Narayanganj at US$40 million -- a move set to revolutionise riverine transportation and cut container movement cost by 60 per cent.Rupayan...

The observance of Human Rights Day

2009-12-13 00:00:00

Bangladesh is, officially, a great champion of human rights. It is a signatory to all the major international human rights instruments including International Covenant to Civil and Political Rights (ICCPR), Convention on the Rights of Child (CRC), Convention on the...

Micro-credit's role in poverty alleviation

2009-12-13 00:00:00

Shahiduzzaman KhanLENDING by the micro-finance institutions (MFIs) to the poor has failed to improve the country's poverty situation significantly. The graduation of the poor people to self-reliance is not really high in number. As such, MFIs should rather finance the...

Negative economic trends need correction

2009-12-13 00:00:00

Ehsanul KabirA superficial overview creates an optimistic picture of the country's macro-economy, in the backdrop of foreign currency reserve, swelling, comfortable balance of payments and reasonably good productivity in manufacturing and agriculture.Viewed from the dimension of time, some of the...

The challenges that the main opposition party faces

2009-12-13 00:00:00

AFTER its humiliating election defeat, the image of the already 'corruption-stained' Bangladesh Nationalist Party (BNP) dwindled. This declined further due to continuous boycott of parliament sessions without any valid reason. Moreover, the recent intra-party feud and failure to form regional...

Welcome decision by the cabinet

2009-12-13 00:00:00

WE welcome the approval of a draft bill by the cabinet to drop the provision that gives the courts the power to issue warrants of arrest against editors, publishers, writers and reporters in defamation cases. This goes to meet a...

War for peace

2009-12-13 00:00:00

Maswood Alam KhanMr. Barack Obama, when he was delivering his wonderful speech after his accepting the Nobel Peace Prize, sounded more like a philosopher having a huge command of English literature to express his feelings poetically than an American president...

CDBL ensures trust and reliability in capital market

2009-12-13 00:00:00

Sayed Javed AhmadLike in many other countries, our Central Depository System (CDS), called the Central Depository Bangladesh Limited (CDBL), is also a monopoly. After the turmoil in the stock market in Bangladesh in the early 1990s the need for automation...

To face the challenges

2009-12-13 00:00:00

Husain ImamDESPITE the fact that the military-backed caretaker government (CTG) of Dr. Fakhruddin Ahmed was not truly a constitutional government, it enjoyed the support of the people in general for a considerable period of time mainly for a number of...

HIGHLIGHTS

2009-12-13 00:00:00

Dilwale Dulhania Le Jaenge On Sony SET Sunday, at 9-30 pmCast- Shahrukh, KajolRaj is a rich, carefree, happy-go-lucky second generation NRI. Simran is the daughter of Chaudhary Baldev Singh, who in spite of being an NRI is very strict about...

Sunday

2009-12-13 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 News08:30 Open Univercity09:00 Sangbad Shironam09:15 Satellite Transmission11:15 Weekly Drama Rept -12:00 Sangbad Shironam12:05 Sangbadpatrer Pata Theke12:30 Drama- Swapno Sonargaon01:00 Ma O...

World markets climb as China's exports improve

2009-12-13 00:00:00

TOKYO, Dec 12 (AP): World markets advanced Friday as a big improvement in China's exports pointed to rising global demand that could lift other trade-reliant economies.Benchmarks in Tokyo and Hong Kong led Asia's gains, snapping a string of losses that...

Akhaura landport resumes operation

2009-12-13 00:00:00

Our CorrespondentBRAHMANBARIA, Dec 12: The export and import trade between Bangladesh and India through Akhaura landport resumed Wednesday after remaining suspended for five days.The Roads and Highways Department, without making any alternative way, took away a bailey bridge from a...

VW starts production of first India car

2009-12-13 00:00:00

MUMBAI, Dec 12 (Economic Times): Volkswagen AG started production of its first compact car in India Saturday, hoping to capture up to 10 per cent of the country's fast-growing automobile market within the next six years, the company said.The Polo,...

Dow, S&P end up after solid data, Nasdaq slips

2009-12-13 00:00:00

NEW YORK, Dec 12 (Reuters): The Dow and S&P 500 closed up for a third straight session Friday after several solid consumer-related reports reinforced investors' confidence in a steady recovery by the economy.Government reports showing stronger-than-expected November retail sales and...

RIL, Bharti top MFs' favourite list

2009-12-13 00:00:00

KOLKATA, Dec 12 Economic Times): Reliance Industries (RIL) and Bharti Airtel seem to be the two hottest favourites of open-ended mutual fund (MF) schemes in the country. For seven months in a row, the two have managed to stay as...

National Saving Bond to be launched by month-end

2009-12-13 00:00:00

KARACHI, Dec 12 (Business Recorder): The National Saving has announced that it will launch 'National Saving Bond', the country's first tradable bond, at stock exchanges by the end of this month. The bond would be issued for periods of 3,...

SECP allows KESC to issue 14.5pc right shares

2009-12-13 00:00:00

KARACHI, Dec 12 (Business Recorder): The Securities and Exchange Commission of Pakistan (SECP) has allowed the Karachi Electric Supply Company (KESC) to issue 14.50 per cent right shares ie 2.501 billion ordinary shares at per value ie Rs 3.5 per...

Ikram new president of Hardware, machinery merchants assoc

2009-12-13 00:00:00

FE ReportMd Ikram Ullah Habib (Parvez) was unanimously elected president of Bangladesh Hardware and Machinery Merchants' Association (BHMMA) for the next two years at its annual general meeting Thursday.Md Shafiqur Rahman was elected vice-president and Naim Ahmed Khan treasurer unanimously...

Gold prices fall from record heights

2009-12-13 00:00:00

LONDON, Dec 12 (AFP): Gold prices dropped further from recent record heights and crude oil futures tumbled this week but cocoa struck a 24-year peak in a mixed trading week for commodities amid a stronger dollar and debt fears. PRECIOUS...

Dollar advanced to two-month high on signs recovery gains momentum

2009-12-13 00:00:00

NEW YORK, Dec 12 (Bloomberg): The dollar advanced to a two-month high against the euro as a bigger-than-forecast increase in retail sales and consumer sentiment indicated the US economic recovery may be gaining momentum.New Zealand's dollar posted its biggest weekly...

Wheat prices up as freezing weather threatens Russia, Ukraine crops

2009-12-13 00:00:00

CHICAGO, Dec 12 (Bloomberg): Wheat prices rose, paring this week's loss, on speculation cold weather will harm crops in Ukraine and Russia because of inadequate snow cover. The countries are among the top five exporters of the grain.Freezing temperatures next...

Sunflower raises $35 million financing

2009-12-13 00:00:00

COLORADO, Dec 12 (Commodity Online): Sunflower Farmers Market, a Colorado-based natural foods grocery chain, has raised $35 million in new financing.The funding is comprised of a $30 million five-year loan package with Fifth Third Bank and a $5 million equity...

Banglalink BillPay service launched for BPDB customers

2009-12-13 00:00:00

Banglalink and Bangladesh Power Development Board (BPDB) launched its mobile-based electronic bill payment service for the customers of Rangpur and Mymensingh zones, said a press release. The launching ceremony took place at a city hotel recently. Adviser to the Prime...