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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...

Jyoti Basu: a towering people's leader

2010-01-19 00:00:00

Maswood Alam KhanIf one is asked who was one of towering Indian politicians who truly loved Bangladesh the first answer would be 'Jyoti Basu'. Basu used to treat Bangladesh like his own land and Bangladeshis his own people. His patronage...

Bank interest rate should be reduced

2010-01-19 00:00:00

Joynal AbdinDURING the great depression of the 1930s prominent British economist John Maynard Keynes showed how to respond to an economic downturn. He gave the authorities the methods to intervene in a free market and make market instruments efficient and...

Recognising Kosovo

2010-01-19 00:00:00

The American ambassador in Bangladesh sometime ago called on Foreign Minister Dipu Moni at her office and suggested that Bangladesh should recognise the independence of Kosovo. Kosovo has been recognised as an independent country by the United States and most...

Politics of destruction again?

2010-01-19 00:00:00

BANGLADESH has been blessed with 'relative' political stability for nearly the last three years. Relative in the sense that business losses in the form of work days lost, production stoppages, snags in distribution processes, et cetera, that usually have a...

Siphoned-off wealth

2010-01-19 00:00:00

NO headway has yet been made in retrieving the money which is alleged to have been smuggled out of the country by influential people, including politicians.During the anti-graft drive of the emergency caretaker government, many had allegedly admitted to different...

Regulators seek to throw light on hedge fund impact on energy trading

2010-01-19 00:00:00

Darrell DelamaideWHILE the answer might seem intuitive, the debate as to whether they actually do has come to resemble the medieval theological dispute about how many angels can dance on the head of the pin.Because, like angels, many trades in...

Planning for regeneration of Dhaka city

2010-01-19 00:00:00

Tanvir Ahmed Dhaka, a city of over 13 million people, appears to be bursting at the seams. It presents, almost everywhere, a spectacle of squalor, shanty dwellings, awful traffic congestion, shortage of basic utility services, lack of recreation sites or...

Remembering a dedicated sports personality

2010-01-19 00:00:00

Md Mahfuzur Rahman SiddiqueTHE first-ever commemoration meeting that was held in the newly-built Olympic House, Dhaka was on 2 January, 2010 and it was on Dr. Omar Faruque. A dedicated sports personality, Dr. Faruque, breathed his last on 23 November,...

HIGHLIGHTS

2010-01-19 00:00:00

Pyar Ka BandhanOn SONY ENT TV Tuesday at 1-00 pm. Four siblings… four different destinies… separated by fate but bound by blood… will the calling of blood bring them back together? Pyaar Ka Bandhan is an emotional story of four...

'Avatar' wins top honours at Golden Globes

2010-01-19 00:00:00

BEVERLY HILLS, Jan 18 (AFP): Science-fiction blockbuster "Avatar" took top honors at the 67th Golden Globes here late Sunday, winning best picture and best director to cement its status as an Oscars front-runner.The ground-breaking epic from "Titanic" director James Cameron...

AR Rahman wows audience at Sydney Festival

2010-01-19 00:00:00

MELBOURNE, Jan 18: Oscar-winning Indian composer AR Rahman attracted a huge audience at Parramatta Park for a Sydney Festival highlight.Rahman's performance, which included the track Jai Ho from the flick Slumdog Millionaire, featured 40 dancers and musicians dressed in vibrant...

Tuesday

2010-01-19 00:00:00

ATN Banglaam07:00 Sangbad07:30 Positive Bangladesh08:15 Ajker Sangbadpatra08:30 Drama Serial- Mike09:00 News Bulletins09:15 Drama - Jolkona10:00 Sangbad10:30 Hello Bangladesh11:15 Asian City Top Spin12:00 Sangbad Bulletins12:15 Shornali Shadakalo01:00 Sangbad Bulletins01:25 Atn Music02:00 Sangbad02:30 Drama Serial -Chobir Manush03:00 Sangbad03:15 Mega Serial-O Amar Chokkhu...

Asian shares ease on signs of weak US consumer

2010-01-19 00:00:00

HONG KONG, Jan 18 (Reuters): Most Asian stocks fell Monday following No 2 US bank JPMorgan's heavy losses on mortgage and credit card loans which cast doubt on consumer demand in the region's largest export market.But European shares are seen...

HSBC, S Korea in race for $900m Thai bank stake

2010-01-19 00:00:00

BANGKOK/SEOUL, Jan 18 (Reuters): Thailand snapped back on to foreign investors' radar Monday, as HSBC, Korea Development Bank and a local lender jostled for a $900-million stake in seventh-ranked Siam City Bank.Europe's biggest bank and state-owned KDB face a tough...

Indosolar aims Rs 4.0b IPO to fund expansion plans

2010-01-19 00:00:00

NEW DELHI, Jan 18 (PTI): Solar photo-voltaic cells maker Indosolar Ltd plans to come out with an initial public offer for raising Rs four billion to fund its proposed expansion project. The Delhi-based company has filed its draft red herring...

Motorola plans 5-6 smartphones in China this year

2010-01-19 00:00:00

SEOUL, Jan 18 (Reuters): Motorola Inc is planning to launch five to six smartphones in China this year with one model ready to be unveiled shortly, officials of the US mobile phone maker said Monday."In China, we've already launched two...

Toyota to build 1.0m hybrid cars in 2011

2010-01-19 00:00:00

TOKYO, Jan 18 (Reuters): Toyota Motor Corp plans to increase global production of gas-electric hybrid cars to one million units in 2011, twice the volume of last year, as it tries to keep its leading position in the growing low-emission...