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Foreign co inks accord for facelift of Mongla Port

2009-12-03 00:00:00

FE ReportA Singapore-based company will invest US$ 3 billion in Mongla Port for the development of the ailing seaport.Mongla Port Authority has signed an agreement with the private company at the Shipping Ministry in this regard Wednesday.Under the agreement, David...

Southeast Bank workshop on credit administration, documentation

2009-12-03 00:00:00

FE ReportA workshop on 'Credit Administration, Documentation and Recovery Techniques' was held at the head office of Southeast Bank Ltd in the city recently.Southeast Bank Training Institute organised the workshop for the officials responsible for credit documentation and administration at...

Tk 3.5b direct diesel subsidy to farmers likely

2009-12-03 00:00:00

The Ministry of Agriculture will disburse Tk 3.5 billion as direct diesel subsidy to the country's 9.0 million farmers from January next to facilitate further agriculture production during the upcoming Boro season, reports BSS."Each farmer will get the subsidy directly...

Low prices of raw-hides, skins frustrate common sellers

2009-12-03 00:00:00

Chittagong OfficeCHITTAGONG, Dec 2 : The prices of cow hides and goat skins were remarkably low this year as a syndicate of middlemen, allegedly, controlled the buying of the same in the port city.Cow hides of medium-size were sold at...

Call to take necessary steps to achieve business target

2009-12-03 00:00:00

FE ReportThe branch managers of Investment Corporation of Bangladesh (ICB) have been asked to take necessary steps for achieving business target within remaining months of the current fiscal. Md Humayun Kabir, managing director of ICB, the state-owned asset management company,...

Asian shares post gains for 3rd day

2009-12-03 00:00:00

HONG KONG, Dec 2 (AFP): Asian markets rose for a third straight day Wednesday as investors picked up bargains after last week's sell off, with fears waning over Dubai's debt shock.MUMBAI: Down 0.16 per cent. The 30-share Sensex index closed...

Six Siemens directors to pay fraud-tied damages

2009-12-03 00:00:00

FRANKFURT, Dec 2 (AFP): The German industrial group Siemens said Wednesday that six more former directors would pay damages in connection with a wide-ranging corruption scandal.In all, nine former Siemens executives, including ex bosses Heinrich von Pierer and Klaus Kleinfeld,...

Ericsson to provide SingTel full end-to-end LTE trial system

2009-12-03 00:00:00

Ericsson will tap on its industry-leading long-term evolution (LTE) expertise to provide SingTel with a full end-to-end trial system in Singapore, commencing in the early part of 2010. The trial marks the first phase in jump-starting deployment of 4G LTE...

Mahabub Ali made Shippers' Council chairman

2009-12-03 00:00:00

FE ReportMahabub Ali has been elected chairman of the Shippers' Council of Bangladesh (SCB) for a two-year term (2010-11) for the third time.Kamran Uddin and Nanda Kishore Agarwala have been elected senior vice chairman and vice chairman respectively of the...

SEC Officers Assoc body elected

2009-12-03 00:00:00

FE Report A 13-member executive committee of the Securities and Exchange Commission (SEC) Officers' Welfare Association was elected recently.Anwarul Kabir Bhuiyan and ATM Tariquzzaman, both executive directors, were elected president and general secretary respectively of the body.Executive directors Farhad Ahmed...

IPO Diary

2009-12-03 00:00:00

Prime Bank 1st ICB AMCL Mutual FundNature of the fundClose-end Mutual Fund of 10 (ten) years tenureSubscription OpenDecember 06, 2009Subscription CloseDecember 10, 2009For Non resident BangladeshiDecember 06, 2009 to December 19, 2009Offer Price (in Taka)Tk. 10.00 per unitFace Value (in...

Suicide bomber kills officer at Pakistan navy complex

2009-12-03 00:00:00

ISLAMABAD, Dec 2 (agencies) : Two people, including a navy official, were killed in a suicide attack at central entrance of Naval Complex in Islamabad Wednesday. The second person killed was the suicide attacker.According to sources, the suicide attacker was...

Obama renews strategy for Afghanistan

2009-12-03 00:00:00

WEST POINT, Dec. 2 (Xinhua): After months of review, the Obama administration Tuesday renewed its strategy for Afghanistan by sending 30,000 additional troops to the country in a decisive war against the al-Qaida network and extremists."As Commander-in-Chief, I have determined...

Ex-Miss Argentina dies after plastic surgery

2009-12-03 00:00:00

BEIJING, Dec. 2 (Xinhua): A 38-year-old former Miss Argentina died after complications arising from plastic surgery on her buttocks, according to media report Wednesday.Solange Magnano, the 1994 winner and a mother of 8-year-old twins, died of pulmonary embolism Sunday three...

news digest

2009-12-03 00:00:00

Indian troops die in Maoist blastsMaoist rebels have killed at least three Indian soldiers in a series of landmine blasts in Jharkhand state, the authorities say.The attacks come as the state votes to elect a new assembly. The rebels have...

Bangladesh eye AFF title

2009-12-03 00:00:00

Bangladesh eyes to clinch the 6th Bangabandhu SAFF Championship crown to be held at the Bangabandhu National Stadium in the city on December 4-13, reports UNB.Addressing at a pre-match press conference Wednesday Bangladesh Captain Aminul Haque said that they were...

Dilshan, Mathews lift SL

2009-12-03 00:00:00

MUMBAI: Dec 2 (Cricinfo): A clever hundred by Tillakaratne Dilshan, supported by half-centuries from Tharanga Paranavitana and Angelo Mathews playing the innings of their young careers, took Sri Lanka to a comfortable total on the first day at the Brabourne...

Hollywood meets Beckham at WC draw

2009-12-03 00:00:00

CAPE TOWN, Dec 2 (AFP): A touch of Hollywood comes to Cape Town this week with Academy Award winner Charlize Theron joining David Beckham, running great Haile Gebrselassie and a host of others at the World Cup draw.The South African-born...

France, Portugal miss out on World Cup seedings

2009-12-03 00:00:00

CAPE TOWN, Dec 2 (AFP): The Netherlands were among the eight seeded teams announced here Wednesday for the 2010 World Cup at the expense of France and Portugal, whose tournament just got a lot harder.World football's governing body said the...

Man Utd look to German keeper

2009-12-03 00:00:00

BERLIN, Dec 2 (AFP): Schalke 04's German goalkeeper Manuel Neuer is being courted by Manchester United as they look to eventually replace Edwin van der Sar, according to a report citing the player's agent Wednesday.German weekly Sport Bild quoted Neuer's...

Botham back to cheer SL tsunami survivors

2009-12-03 00:00:00

SEENIGAMA, Sri Lanka, Dec 2 (AFP): Legendary English all-rounder Sir Ian Botham said Wednesday he was moved by the progress of post-tsunami rebuilding in Sri Lanka, as he visited a sports project he has backed."Coming back has been heart-warming and...

Daniel Vettori warns against complacency

2009-12-03 00:00:00

Daniel Vettori, the New Zealand captain, has warned against complacency on the eve of the second Test against Pakistan in Wellington. New Zealand emerged victors by 32 runs in a tense game in Dunedin but a 1-0 lead in the...

Tougher movement if peace accord not implemented fully: PCJSS

2009-12-03 00:00:00

Our CorrespondentRANGAMATi, Dec 2: Calling upon all pro-peace treaty forces to be united to wage tougher movement for full implementation of the CHT Peace Accord, the Parbattya Chattagram Jana Sanghati Samity (PCJSS) and its front organisations today observed the 12th...

Drafts of three deals finalised

2009-12-03 00:00:00

NEW DELHI, Dec 2 (bdnews24.com): Bangladesh and India have finalised the drafts of three bilateral agreements to be signed during prime minister Sheikh Hasina's visit to New Delhi later this month. Home secretary Abdus Sobhan Sikdar and his Indian counterpart...

Netrakona people remember glorious role of seven martyred freedom fighters

2009-12-03 00:00:00

NETRAKONA, Dec 2 (BSS): The people of Netrakona district will ever remember the supreme sacrifices made by seven valiant freedom fighter, in a fierce frontal fight with the Pakistani occupation forces during the War of Liberation.In this connection, Netrakona District...

Two suspected militants held in Ctg

2009-12-03 00:00:00

Chittagong OfficeCHITTAGONG, Dec 2: The metropolitan police arrested two suspected militants from the Chittagong court building area.The arrestees are: Habibur Rahman (25) and Mobarak Hossain (23).Habibur is the teacher of a madrasah in Phulgaji of Feni district and Mobarak Hossain...

Privatise certification of marine vessels, suggest experts

2009-12-03 00:00:00

FE ReportThe government should privatise the certification and monitoring system to ensure the safety of the riverine transportation, experts opined Wednesday."No magistrate attended there to monitor the loading of excess passengers," Atiqul Islam Chowdhury, national coordinator of Nirapod Naupath Bastobayon...

Faruk seeks support from development partners to face recession fallouts

2009-12-03 00:00:00

Commerce Minister Faruk Khan sought sincere support and cooperation from the development partners to face the recession fallouts, reports BSS.Addressing a session of the ministerial meeting of the World Trade Organisation (WTO) in Geneva on Wednesday, the minister said that...

Two extortionists caught in city

2009-12-03 00:00:00

FE ReportTwo armed extortionists were caught while they were running away after shooting the owner of a medical diagnostic centre at North Kafrul in the city Tuesday midnight, police said.SI of Kafrul police station Mostafizur Rahman told the FE that...

Quamrul Hassan's birthday observed

2009-12-03 00:00:00

Renowned artist Quamrul Hassan's 88th birthday was observed Wednesday, says a press release.Patua Quamrul Hassan Art School, the only school named after him, placed wreath at the grave of the artist.Hassan designed the national flag of the country and he...