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China defends censorship after Google threat

2010-01-15 00:00:00

BEIJING, Jan 14 (Reuters): China defended its extensive censorship and brushed aside hacking claims Thursday, telling companies not to buck state control of the Internet after US search giant Google threatened to quit the country.The Google dispute could stoke tensions...

48pc people around Sundarbans live below poverty line : BBS

2010-01-15 00:00:00

FE ReportAround 48 per cent people of upazilas adjacent to the Sundarbans live below poverty line, according to the Bangladesh Bureau of Statistics (BBS).The area of the Bangladesh Sundarbans is roughly 6017 square kilometres, of which roughly 1874 sq. km...

'AI may require over $1b to stay afloat'

2010-01-15 00:00:00

MUMBAI, Jan 14 (PTI): National carrier Air India (AI), which is awaiting a Rs 8-billion equity infusion from the government, may require over one billion dollar to overcome its financial woes, a global aviation research firm has said.Estimating that AI's...

KSE index up 6.49 points

2010-01-15 00:00:00

KARACHI, Jan 14 (Business Recorder): Profit taking in late hours minimised the intra-day gains Wednesday and the KSE-100 index closed at 9,784.85 points with a nominal gain of 6.49 points. The market opened on a positive note and the index...

JAL failure would hit about 1,500 small firms

2010-01-15 00:00:00

TOKYO, Jan 14 (Reuters): A Japan Airlines Corp bankruptcy will have a wide-spread impact on small businesses that account for half of the nearly 3,000 Japanese companies that do business directly with the carrier, a research firm said.JAL, Asia's biggest...

China eager to buy IMF gold

2010-01-15 00:00:00

BEIJING, Jan 14 (Commodity Online): Two months after India's Reserve Bank made big global news with the purchase of 200 tonnes of gold from the International Monetary Fund (IMF), bullion traders are now waiting for the 'golden' news of 2010....

Pakistan's NCEL to launch more futures contracts in 2010

2010-01-15 00:00:00

ISLAMABAD, Jan 14 (Commodity Online): Pakistan's National Commodity Exchange Limited (NCEL) plans to list a full product pipeline with several exciting new agricultural, metal and financial futures contracts in 2010.Speaking to reporters, NCEL Managing Director (MD) Sameer Ahmed said with...

Indian agri exports surge by 40 pc in last three years

2010-01-15 00:00:00

NEW DELHI, Jan 14 (Commodity Online): India's agri commodities exports witnessed a whopping surge in value terms by 40 per cent in the last three years with high demand for foodgrain, oilmeals, fruits and vegetables from the overseas markets.According to...

Global plastic additives market to zoom to $45.8b

2010-01-15 00:00:00

FARIDABAD, Jan 14 (Commodity Online): The global market for plastics additives is st to zomm to $45.8 billion in 2014 registering a compound annual growth rate of 4.1 per cent, according to a technical market research report, Plastic Additives: The...

Rupali Life Ins holds views exchange meet

2010-01-15 00:00:00

Our CorrespondentNATORE, Jan 14: Rupali Life Insurance (RLI) Company Limited held a views exchange meeting at its Natore service sale office Wednesday.RLI Managing Director Noor Mohammed Bhuiyan was the chief guest while RLI APD SM Manir Bakul presided over the...

exchange rate

2010-01-15 00:00:00

Exchange Rate                                January 14, Thursday The following were the commercial banks' rates to public for some selectedforeign currencies with Bangladesh Taka in cash transaction Thursday.Selling rates to public (outward remittance)BankUSDEuroGBPJPYCHFCADAUDSCBsSonali Bank69.4500101.4782113.43080.765068.644067.757764.8905Agrani Bank69.4500101.2872113.36180.766968.616167.697264.6121FCBsStanChart69.65101.86113.440.7869.0268.3264.94HSBC 69.5735102.2879114.06340.796668.899767.287664.8028Citibank naNANANANANANANABank of Ceylon69.5400102.9427116.18310.786369.945768.303767.4468PCBsUttara Bank69.5000101.9462113.76000.772968.470267.776764.9280AB Bank69.5500102.7412114.19900.7824NANANABuying rates  from...

Yemen clerics urge jihad in case of foreign intervention

2010-01-15 00:00:00

SANAA, Jan 14 (AFP): Yemen's council of clerics called Thursday for jihad, or holy war, in case of foreign military intervention amid speculation the United States might join Sanaa's pursuit of Al-Qaeda extremists."If any party insists on aggression, or invading...

Seven die in India festival stampede

2010-01-15 00:00:00

Seven Hindu pilgrims have been killed in a stampede at a religious festival on the Ganges river in the eastern Indian state of West Bengal, reports BBC.More than 20 pilgrims have been injured in the incident which took place when...

US drone strikes kill 10 in Pakistan

2010-01-15 00:00:00

Two US drone missile strikes have killed 10 suspected militants in a tribal region of north-west Pakistan, Pakistani officials say, reports BBC.The missiles struck a compound in the Pasalkot area in the North Waziristan region on the Afghan border. North...

news digest

2010-01-15 00:00:00

Three killed in Kashmir battle: policeSRINAGAR, Jan 14 : Two suspected Islamic militants and an Indian army soldier were killed Thursday during a gun battle in revolt-hit Kashmir, in the latest of a series of recent clashes, police said. The...

Apollo Hospitals, ITCL plan to float shares

2010-01-15 00:00:00

Sheikh Shahariar ZamanApollo Hospitals Dhaka and Information Technology Company Ltd are going to float shares to raise money for business expansion.Both the companies have collected Tk 735 million through private placements, said Mafizuddin Sarker, managing director of LankaBangla.Finance, lead manager...

Pubali Bank opens 386th branch at Jamalpur

2010-01-15 00:00:00

FE Report Pubali Bank Limited has recently opened its 386th branch at Nandinabazar in Jamalpur with a view to provide modern banking services, said a press release. Minister for Land Md Rezaul Karim Hira inaugurated the new branch of the...

NBR offers spl tax incentives for BOA sponsors

2010-01-15 00:00:00

Doulot Akter MalaThe National Board of Revenue (NBR) has offered special tax incentives for sponsors of Bangladesh Olympic Association (BOA) to host the 11th South Asian (SA) Games. The eight-nation multi-sport event, with a Tk 1.14 billion budget, is scheduled...

Bharti's ratings not likely to be affected by Warid acquisition: Fitch Ratings

2010-01-15 00:00:00

FE ReportFitch Ratings Wednesday commented that Bharti Airtel Limited's (Bharti) acquisition of a 70 per cent stake in Bangladesh's Warid Telecom (Warid) will not have an impact on the former's ratings. Fitch has a Long-term Issuer Default Rating of 'BBB-'...

BMCCI new Board takes office

2010-01-15 00:00:00

Syed Moazzam Hossain, Managing Director of SMH Group and Mr. Ashraful Haq Chowdhury General Manager of Warid Telecom International Limited have been elected as President and Hony. Secretary General respectively of the Bangladesh Malaysia Chamber of Commerce & Industry (BMCCI)...

ICB AMCL announces NAV of two unit funds

2010-01-15 00:00:00

The ICB Asset Management Company Limited (AMCL), a subsidiary of Investment Corporation of Bangladesh (ICB), has declared the net asset values (NAV) of its two unit funds.ICB AMCL Unit Fund: The total NAV of ICB AMCL Unit Fund stood at...

New Additional Managing Directors of AB Bank

2010-01-15 00:00:00

Mr. M. Fazlur Rahman, FCA and Mr. K. A. M. Majedur Rahman have been promoted to the positions of the Additional Managing Directors of AB Bank Limited. Mr. M. Fazlur Rahman has been entrusted with the responsibility of the Investment...

Bashundhara Group to build industrial village at Pangaon

2010-01-15 00:00:00

FE ReportThe country's leading industrial and business conglomerate 'Bashundhara Group' has initiated to build an industrial village at Pangaon in Keranigonj spending about Tk 10 billion.Under the brand name-Bashundhara Food and Beverage Industries Ltd- the group plans to set up...

Power Div seeks Tk 8.84b less fund in RADP due to project execution failure

2010-01-15 00:00:00

FHM Humayan KabirPower Division has sought Tk 8.84 billion less fund from its total Tk 35.74 billion development budget allocation, as it has 'failed' to implement projects mainly on electricity generation in time, officials said Monday.Planning Ministry officials said the...

Better logistic supports attract visitors at DITF

2010-01-15 00:00:00

FE ReportThe Dhaka International Trade Fair (DITF) 2010 is running in full swing within two weeks of inauguration as thousands city dwellers of all ages visit the country's largest yearly carnival every day.Jointly organized by the ministry of commerce and...

ADB sets up urban financing facility

2010-01-15 00:00:00

FE Report The Asian Development Bank (ADB) has set up a multidonor Urban Financing Partnership Facility to support its wide ranging urban development projects, with the government of Sweden the first to inject funds. The facility will provide grants and...

Eskayef Agrovet Div business confce held

2010-01-15 00:00:00

FE ReportThe Annual Business Conference 2009 of Agrovet Division of Eskayef Bangladesh Ltd was held in Sylhet recently. AM Faruque, managing director of the company, AR Sardar, general manager of Agrovet, Motiar Hossain, marketing manager of Agrovet, and other officials...

Malaysian property show in Chennai to attract investors

2010-01-15 00:00:00

CHENNAI, Jan 14 (Economic Times): Malaysia government initiated Malaysia Property Inc (MPI) is seeking to leverage on its historic and harmonious relationship between the country and Tamil Nadu for promoting and branding Malaysia as a preferred real estate destination among...

California debt rating cut as cash crunch looms

2010-01-15 00:00:00

SAN FRANCISCO, Jan 14 (Reuters): California's main debt rating was cut Wednesday by Standard & Poor's, which said the government of the most populous US state could nearly run out of cash in March -- and another rating cut might...

KSE to consolidate its trading system on Oracle technology

2010-01-15 00:00:00

KARACHI, Jan 14 (Business Recorder): During second quarter of fiscal year 2010, organisations across key industries in Asia Pacific continued to adopt or expand implementations of Oracle Database, Oracle Fusion Middleware, Oracle Enterprise Performance Management and Oracle Business Intelligence, and...