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China's iron hunger continues

2010-01-12 00:00:00

BEIJING, Jan 11 (Commodity Online): China imported 62.16 million tonnes of iron ore in December, 80 per cent more than a year earlier and the second highest volume on record.The iron ore imports were up 22 per cent from the...

exchange rate

2010-01-12 00:00:00

January 11, Monday The following were the commercial banks' rates to public for some selectedforeign currencies with Bangladesh Taka in cash transaction Monday.Selling rates to public (outward remittance)BankUSDEuroGBPJPYCHFCADAUDSCBsSonali Bank69.4500100.6127111.60670.757668.214767.777564.5625Agrani Bank69.4500100.4122111.52840.760168.155367.710364.3413FCBsStanChart69.65101.86113.440.7869.0268.3264.94HSBC 69.6370101.4599112.87360.789167.876367.378064.2322Citibank naNANANANANANANABank of Ceylon69.5400102.3516114.23600.782069.173468.076466.9323PCBsUttara Bank69.5000100.9478111.70790.767967.691167.534164.3765AB Bank69.6000102.3622113.32840.7701NANANABuying rates  from public (inward remittance)SCBsUSDEuroGBPJPYCHFCADAUDSonali...

Obama says no plan for US troops in Yemen, Somalia

2010-01-12 00:00:00

WASHINGTON, Jan11 (Reuters): The United States does not plan to send US troops into Yemen or Somalia as those countries struggle to contain Islamic militants, President Barack Obama said in remarks published Sunday. "I have no intention of sending US...

Basu's condition continues to be critical

2010-01-12 00:00:00

KOLKATA, Jan 11 (PTI): Communist Party of India-Marxist (CPI-M) patriarch Jyoti Basu continued to remain in a critical condition Monday with doctors attending on him saying that lack of any improvement in his health was "not a good sign". "It...

'False positive' concern over prostate cancer test

2010-01-12 00:00:00

One in eight men screened for prostate cancer will test positive when they do not have the disease, a major European trial has shown, reports BBC.A positive result can mean undergoing invasive tests such as biopsy as well as potentially...

N Korea seeks US peace pact

2010-01-12 00:00:00

SEOUL, Jan 11 (AFP): North Korea called Monday for talks on a treaty to formally end the Korean War, saying it wants better ties with the United States and an end to sanctions before pushing ahead with nuclear disarmament.The foreign...

news digest

2010-01-12 00:00:00

Social Democrat Josipovic wins Croatian presidency ZAGREB, Jan 11: Social Democrat Ivo Josipovic, who pledged to lead Croatia into the European Union and crack down on corruption, was elected president with over 60 percent of the vote, official results showed...

HIGHLIGHTS

2010-01-12 00:00:00

Bidaai On STAR PLUS Tuesday at 9-30 pm. Bidaai is a story of two sisters, Sadhna (beautiful) and Ragini (unattractive). Sadhna is the adopted child in the family. Life is pleasant for Sadhna as she is beautiful but society is...

Tuesday

2010-01-12 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...

Square Pharma expands production unit

2010-01-12 00:00:00

FE ReportThe earth-breaking ceremony of Square Pharmaceuticals Limited Unit 3 took place Sunday to meet the increasing demands from the industry. The new unit got established near the Square Pharmaceuticals' Plant at Kaliakoir in Gazipur.The first phase construction will be...

Prevention of money laundering and terrorist financing emphasised

2010-01-12 00:00:00

FE ReportStandard Chartered Bank organised a daylong training on 'Anti Money Laundering/Combating Financing of Terrorism (AML/CFT)' at Narayanganj Club recently. M Mahfuzur Rahman, general manager of anti-money laundering department, Bangladesh Bank, inaugurated the training session as the chief guest. He...

$ 2m micro-insurance project launched

2010-01-12 00:00:00

FE Report Palli Karma-Sahayak Foundation (PKSF), Asian Development Bank (ADB) and Government of Bangladesh have recently signed a letter of agreement (LoA) for a US$2.0 million project titled 'Developing Inclusive Insurance Sector', said a press release.Jointly developed by PKSF, the...

MTB distributes blankets to N-dist cold-affected poor

2010-01-12 00:00:00

FE Report Mutual Trust Bank Limited (MTB) distributed blankets to the cold-affected poor people of Sapahar in Naogaon recently, said a press release. MTB deputy managing directors (DMDs) Md Hashem Chowdhury and Md Ahsan-uz Zaman distributed blankets to the poor...

SEC approves People's Ins rights

2010-01-12 00:00:00

FE ReportThe Securities and Exchange Commission (SEC) approved issuance of rights of People's Insurance Ltd, company sources said.According to the SEC approval, People's Insurance will issue 2 million rights shares, which will have a face value of Tk.100 and premium...

Citi wins Best Bank in Asia award

2010-01-12 00:00:00

Citi has been chosen as the Best Bank in Asia for the year 2009 by FinanceAsia magazine, one of Asia's leading finance publications. Citi also picked up the awards of 'best commercial bank in Asia' and 'best cash management bank...

Plan to export Tk 45b shrimp

2010-01-12 00:00:00

Bangladesh Frozen Foods Exporters Association (BFFEA) set a target to export freshwater shrimp (golda) worth Tk 45.00 billion to different destinations including EU this year, reports BSS. Clouds over Bangladesh's freshwater shrimp industry is paring down as the European Union...

Deal to improve environ compliance in textile, apparel sector

2010-01-12 00:00:00

FE ReportThe Bangladesh Garment Manufacturers and Exporters Association (BGMEA), Bangladesh Export Oriented Garments Washing Industries Owners Association (BEOGWIOA) and South Asia Enterprise Development Facility (SEDF) have entered into a tri-partite agreement recently to improve environment compliance in the textile and...

Bank Asia starts Musharaka financing

2010-01-12 00:00:00

FE Report Bank Asia Limited started Musharaka financing through its Islamic Banking Division, said a press release. Musharaka is a mode of finance, where two or more parties participate in a business with joint contribution to capital. Profit of the...

Beximco plans 24-hour news TV channel

2010-01-12 00:00:00

One of Bangladesh's largest conglomerates, Beximco Group, announced Monday it would launch a new 24-hour Bangla-language news channel in a deal with Indian media company NDTV, reports AFP.Independent TV will be the country's first news channel since an army-backed emergency...

The motives and the incentives in Islamic entrepreneurship

2010-01-12 00:00:00

Rasem N. Kayed and M. Kabir HassanWHAT motivates someone to start a business is an important issue. The personal motives of entrepreneurs for starting their businesses are considered important indicators that explain the status and the direction of entrepreneurship in...

Diesel from gas and coal

2010-01-12 00:00:00

Rezwan Amin KhanThe technology will allow Bangladesh to produce diesel out of natural gas or coal. There would be no need to import crude oil. The technology would help save expenditure on fuel imports and better utilise the country's natural...

Immigration abuse still strong in US

2010-01-12 00:00:00

Carl McGinnisI am a citizen of the United States and I have a friend that is from Paris, France here on a student visa with a double Masters Degree and working on his PhD in International Finance. Noureddine Feddane has...

For concerted efforts to shun violence, promote progress

2010-01-12 00:00:00

Gopal SenguptaTHE leader of the opposition in the Bangladesh Parliament said she and her followers will receive the prime minister with flowers at the airport on her return home from the upcoming visit to India if she protects the country's...

Cold wave makes life miserable in Northern districts

2010-01-12 00:00:00

RANGPUR, Jan 11 (BSS): Normal life was halted and seriously disrupted as the temperatures marked falls amid blowing cooler winds during the past 24 hours in the country's northern region adding untold sufferings and miseries to the people. As the...

Rangs Electronics launches new sales strategy

2010-01-12 00:00:00

FE ReportRangs Electronics Sunday launched a new sales strategy titled "New Year Hot Promotion" with some attractive offers to allure more customers, officials said.The launch was announced through a press conference in the city organised by Rangs Electronic Ltd popularly...

AIUB offers 12.2pc of students free of cost education

2010-01-12 00:00:00

American International University-Bangladesh (AIUB) presently offered 12.2 per cent of its students free of cost higher education and hoped to gradually increase its concessions to a larger number of country's poor students, reports UNB.This was disclosed when a three-member delegation...

Water bus service around city likely to start from July

2010-01-12 00:00:00

FE ReportWater bus service around the capital is likely to start from July in a bid to reduce traffic congestion on the streets. "We hope four water buses will run on Ashulia-Sadarghat route under the circular waterway project," Shipping Minister,...

Bashundhara Group distributes warm clothes

2010-01-12 00:00:00

Bashundhara Group distributed warm clothes among poor people of Banchharampur Upazila in Comilla Saturday, says a press release.Nine thousand blankets and two thousand sweaters were distributed among the cold-hit people of the upazila. State Minister for Ministry of Liberation War...

Robber killed

2010-01-12 00:00:00

Our CorrespondentCHITTAGONG, Jan 11: A dacoit was killed in a gunfight with the police at Fatehpur village of Hathazari early in the morning today.

BRCS Gopalganj unit distributes blankets

2010-01-12 00:00:00

Our CorrespondentGOPALGANJ, Jan 11: Gopalganj unit of Bangladesh Red Crescent Society (BRCS) distributed blankets among poor people in Gopalganj recently.President of district Awami League Mohammad Ali Khan Abu Mia inaugurated the programme as the chief guest.Secretary of the unit Noor...