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Himalayan glaciers to disappear by 2035: A flawed estimate

2010-01-20 00:00:00

From Fazle Rashid NEW YORK, Jan 19: United Nations Intergovernmental Panel on Climate Change which shared the Nobel Prize with former Vice-President Al-Gore was roundly criticised for predicting that Himalayan glaciers would disappear by 2035 if present warming trends continued....

Faruque, Mohiuddin submit review petitions

2010-01-20 00:00:00

At last, the remaining two death-row convicts in the Bangabandhu murder case - Lt Col (sacked) Syed Faruque Rahman and Lt Col (retd) Mohiuddin Ahmed (artillery) - Tuesday submitted their petitions to the apex court for a review of its...

Shoring up agriculture

2010-01-20 00:00:00

AGRICULTURE continues to be a dominant player in the Bangladesh economy despite continuous decline of its relative share in gross domestic product (GDP). Over 60 per cent of the country's population is still dependent on agriculture and related farm and...

Can tax curb tobacco use?

2010-01-20 00:00:00

Dr. Golam Md. MunirCan taxation the most effective price measure on the demand side interventions, curb consumption? And can it create a tobacco free environment? Or, the supply side intervention could be utilised to better control tobacco consumption. Bangladesh is...

Private medical care

2010-01-20 00:00:00

Parveen HaqueThe growing private sector medical service providers are cattering to health needs of a large number of people. The private sector has made a place for itself in the business. The ground realities would support its further growth.The private...

Ineffective Consumers Rights Protection Act

2010-01-20 00:00:00

The Consumers Rights Protection Act-2009 that was adopted last year raised a great deal of expectation. First of all, the legislation has a long and harried history. It was conceived from greater consumer awareness and media pressures amid mounting agonies...

Why the upazilla election?

2010-01-20 00:00:00

Both the BNP and the Awami League stated in their election manifestos only a year ago that they would work for decentralisation and development of the local government on going to power. But these commitments seem to have been made...

Ganges water and Tipaimukh Dam

2010-01-20 00:00:00

On the eve of the visit of Prime Minister Sheikh Hasina to India and during her presence in New Delhi our attention was drawn to newspaper reports: Indian Prime Minister Dr. Manmohan Singh has assured visiting Prime Minister Sheikh Hasina...

Revisiting our judiciary

2010-01-20 00:00:00

Shamsher ChowdhuryI am neither an expert on legal affairs nor on justice and workings of the judiciary. Over the years however I have been a keen observer of the processes and pattern of the workings of our legal systems and...

The role of consumers and trade bodies in practising CSR

2010-01-20 00:00:00

Hafeejul AlamCORPORATE Social Responsibility (CSR) is currently a key concept of the corporate world. The subject is still a nascent one. As a concept, CSR is being defined and debated in business and academic circles around the globe. One definition...

Rural markets: Fuelling the growth of agriculture and rural economy

2010-01-20 00:00:00

Asif Mahfuz NGO activities, mainly in the areas of micro credit, capacity building and women empowerment, along with increasing farm yield, have helped evolution of a consumer class in the rural Bangladesh. Rural markets are the main places where the...

Asian stocks drop for second day, metals rise, dollar weakens

2010-01-20 00:00:00

TOKYO, Jan 19 (Bloomberg): Asian stocks fell for a second day, led by shares of banks and technology companies, on concern earnings growth will slow. Metals rose and the dollar declined. The MSCI Asia Pacific Index lost 0.4 per cent...

Yamaha may resurrect RX 100 in four-stroke

2010-01-20 00:00:00

MUMBAI, Jan 19 (Business Standard): India Yamaha Motors, a subsidiary of the Japanese biking giant, is working on a relaunch of its once-popular model, the RX 100.The company is examing various options, such as engine type and styling. However, sources...

Google must respect laws: China

2010-01-20 00:00:00

BEIJING, Jan 19 (Reuters): Foreign firms, including Google, must respect Chinese laws and customs, China's foreign ministry spokesman said Tuesday, a week after the world's largest search engine said it might pull out of China due to hacking and censorship.Ma...

Sony to sign deal with Simon Cowell

2010-01-20 00:00:00

LONDON, Jan 19 (Reuters): Sony Music Entertainment will announce a five-year deal with British show business entrepreneur Simon Cowell Tuesday, the Financial Times reported.Sony Music will exchange its 100 per cent ownership of Cowell's record label Syco for a 50...

Bharti leaves MTN saga behind, takes new calls

2010-01-20 00:00:00

LAGOS, Jan 19 (Economic Times): Twice bitten, Bharti Airtel will shy away from making any more moves at acquiring South African telecom giant MTN, although it will continue to look at other take over targets, especially state-run telecom firms in...

Kraft nears agreed takeover deal for Cadbury

2010-01-20 00:00:00

LONDON, Jan 19 (Reuters): Kraft Foods was close to announcing a recommended deal to buy Cadbury for around 11.7 billion pounds ($19.2 billion) after it offered more cash in late-night talks to break a four-month impasse over price.The deal would...

KSE index down 27.68 points

2010-01-20 00:00:00

KARACHI, Jan 19 (Business Recorder): After witnessing mixed trend Monday, the KSE-100 index closed at 9,895.46 points with a loss of 27.68 points. The market opened on a positive note and the index hit 9,953.29 points, up 30.15 points. However,...

Oil recovers in Asia as dollar dips

2010-01-20 00:00:00

SINGAPORE, Jan 19 (Commodity Online): Global oil prices recovered in Asian trade Tuesday as the dollar weakened increasing the appeal of commodities as an alternative investment.Light sweet crude for February delivery was seen trading at $78.41 a barrel at 12.00...

India spends Rs 490m to boost tea output

2010-01-20 00:00:00

NEW DELHI, Jan 19 (Commodity Online): One of the world's top tea producers, India spent about Rs 490 million (49 crore) from the special purpose tea fund set up to increase productivity through replantation and rejuvenation of old bushes.According to...

Pakistan eyes record cotton output this season

2010-01-20 00:00:00

ISLAMABAD, Jan 19 (Commodity Online): Pakistan's cotton harvest crossed 12 million bales so far this season after sustained arrival of phutti from fields in Sindh province.According to Pakistan's agriculture ministry, cotton production up to January 15, 2010, stood at 12.239...

Gold edges up near $1137 in Asian trade

2010-01-20 00:00:00

SINGAPORE, Jan 19 (Commodity Online): Gold prices edged up in Asian trade Tuesday as the dollar weakened against major currencies.Gold for immediate delivery was seen trading at $1136.81 an ounce at 11.30 a.m Singapore time while gold futures for February...

Iron ore imports soar by 41.6pc in China

2010-01-20 00:00:00

BEIJNG, Jan 19 (Commodity Online): China's iron ore imports in December totaled 62.16 million tonne, up 11.09 million tonne month on month and up 80.02 per cent year on year.In 2009, China's iron ore imports came to 628 million tonne,...

Diamond production to double in 10 years

2010-01-20 00:00:00

SURAT, Jan 19 (Commodity Online): Demand for diamonds on the world market will make it possible to double production by 2020, due to a recovery of the US economy and the needs of countries such as China and India.Doubling of...

El Nino may hurt sugar production in the Philippines

2010-01-20 00:00:00

SINGAPORE, Jan 19 (Bloomberg): El Nino, which reduces rainfall in Asia, may curb sugar production in the Philippines, squeezing supply in Southeast Asia's second-largest exporter if it lasts for five months, a government official said. Raw sugar rose."Our output may...

Platinum, palladium forecasts raised by BOA-Merrill

2010-01-20 00:00:00

SINGAPORE, Jan 19 (Bloomberg): Bank of America-Merrill Lynch raised its 2010 forecasts for platinum and palladium on stronger demand and the introduction of exchange-traded funds for the metals.The forecast for platinum was raised 35 per cent to $1,750 an ounce,...

exchange rate

2010-01-20 00:00:00

January 19, 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 Bank69.4500100.4871114.30810.775268.141468.028564.5555Agrani Bank69.450099.9469113.52850.774267.864767.802164.1051FCBsStanChart69.65101.86113.440.7869.0268.3264.94HSBC 69.5255101.4225114.96410.788568.288567.951964.6636Citibank naNANANANANANANABank of Ceylon69.5400102.4907116.35000.793769.187168.431466.8697SPCBsUttara Bank69.5000100.9199114.58370.782767.948868.021064.5371AB Bank69.5000102.0724115.81720.7867NANANABuying rates  from public (inward remittance)SCBsUSDEuroGBPJPYCHFCADAUDSonali...

SEC allows investors' choice in getting IPO refund warrants

2010-01-20 00:00:00

FE ReportUnsuccessful IPO applicants, from now on have to mention in their application forms in which way (manual or online), they intend to have the refund money. But incase of online banking the applicants must bear the bank fees to...

StanChart staff stand by visually impaired people

2010-01-20 00:00:00

FE ReportThe staff of Standard Chartered Bangladesh participated in the 'Last Hour Campaign' which was launched by the banking group across its markets. 'Last Hour' was a voluntary campaign where the staff donated their last hour's worth of salary in...

City's traffic system in chaos

2010-01-19 00:00:00

THE traffic regulators of this city of over 12 million people are treating its residents in a sadistic manner. The traffic wing of the Dhaka Metropolitan Police (DMP) launched its latest system of traffic management with signalling lights -- which...