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Mohan Mia, the forgotten child of history

2009-11-26 00:00:00

Mashiar RahmanTHE name of Mohan Mia, as Yousuf Ali Chowdhury was known, still shines in the political horizon of this land, long after his death, for his selfless pursuit of political goals.His 38th death anniversary will be observed today (November...

Is it democratic political culture?

2009-11-26 00:00:00

Barrister Arafat Hosen KhanTOLERANCE, a central tenet of democracy, is lacking in the ruling as well as opposition party in Bangladesh. The ruling Awami League could be more accommodative. The government virtually took no initiative to make parliament work with...

Illusion and reality of rural development

2009-11-26 00:00:00

Syed Ashraful HasanTHE government needs to accelerate developmental activities in the rural areas. For this purpose it should spend more to build infrastructure for rural economy. Budgets in recent years allocated more resources for the country-side. But the question is,...

Asia shares gain, gold hits record high

2009-11-26 00:00:00

HONG KONG/SEOUL, Nov 25 (Reuters): Asian stocks rose Wednesday after the Federal Reserve raised US growth forecasts for 2010, while gold struck a record high on a weaker dollar and a media report India was "open to buying" more of...

Sensex moves higher, RIL, M&M, Hero Honda up

2009-11-26 00:00:00

MUMBAI, Nov 25 (The Economic Times): Indices were on a firm foot Wednesday as buying activity resumed across the board ahead of November series expiry. However volatility later in the day can't be ruled out.At 12:29 pm, Bombay Stock Exchange's...

European shares rise early, miners advance

2009-11-26 00:00:00

FRANKFURT, Nov 25 (Reuters): European shares rose early Wednesday after losses in the previous session, as a revised US growth forecast for 2010 by the Federal Reserve boosted stocks, with miners featuring among the top gainers.At 0819 GMT, the FTSEurofirst...

Topline Securities rated second best brokerage house in Pakistan

2009-11-26 00:00:00

KARACHI Nov 25 (Business Recorder): Topline Securities has been ranked amongst the top brokerage firms in Pakistan, according to a survey conducted by Asiamoney magazine. In its November 2009 issue, Asiamoney according to its 20th annual Brokers Poll 2009 has...

GM to see no Saab bids as board nears shutdown

2009-11-26 00:00:00

STOCKHOLM, Nov 25 (Bloomberg): General Motors Co doesn't expect to find new bidders for Saab and may shut the bankrupt unit after Koenigsegg Group AB canceled a planned acquisition, people familiar with the matter said. Saab's future will be decided...

Bhushan Steel may sell stake to Sumitomo

2009-11-26 00:00:00

KOLKATA, Nov 25 (Business Standard): Delhi-based Bhushan Steel may look at doing a JSW Steel-JFE-like deal with Japan's Sumitomo Metal Industries.Sources said Bhushan might explore offloading around 2.1 million shares of its 42 million shares to Sumitomo. This was in...

Starbucks sees China as next key market after US

2009-11-26 00:00:00

SHANGHAI, Nov 25 (Reuters): Starbucks will see China become the company's next major market after the United States in the near future, the firm's China chairman said Wednesday."It's absolutely very, very important. This has really become our second home market,"...

HK shares end up 0.84pc, Bank of China extends fall

2009-11-26 00:00:00

HONG KONG, Nov 25 (Reuters): Hong Kong shares erased earlier losses to end up 0.84 per cent Wednesday, led by insurers and consumer stocks, after the Shanghai market rose in a bout of late-session bargain-hunting. The benchmark Hang Seng Index...

India may buy more IMF gold

2009-11-26 00:00:00

MUMBAI, Nov 25 (Commodity Online): India is still bullish on gold. This was evident when reports said India's Reserve Bank is still in talks with the International Monetary Fund (IMF) to buy another 200 tonne gold which the international body...

VGF programme, rural ultra-poor and access to food

2009-11-25 00:00:00

THE new policy guideline, reportedly under preparation now, for the government-administered vulnerable group-feeding (VGF) programme should aim at effective targeted intervention for strengthening the social safety net, particularly in the areas of food security. The government has not yet explained...

E-franchising: A prospective market for Bangladesh

2009-11-25 00:00:00

Fahim SalekThe fate of a successful organisation lies in making its parts working together. It can be through achieving synergy, resulting in additional value creation within the organisation, or through strategic alliances where two or more organisations share a pool...

Issues for a new health policy

2009-11-25 00:00:00

Fahima AkhterThe way the premier public sector hospital in the country is managed has raised concerns among all circles including the functionaries of the government. The situation is hardly any better for other health service-providing hospitals in the public sector....

The neglect of the RMG industry

2009-11-25 00:00:00

THE government seems to be treating the key RMG industry shabbily. There is little concern in the corridors of power about the problems facing the sector. According to the association of RMG industry, BGMEA, 40 per cent of RMG factories...

NRB investment

2009-11-25 00:00:00

NOT many non-resident Bangladeshis (NRBs) invest in Bangladesh due to unfavourable environment at the ground level. There is no mechanism, as yet, to tap the financial resources and expertise of the NRBs for faster development of the economy.The government should...

Save the Buriganga

2009-11-25 00:00:00

The Buriganga has been Dhaka's lifeline for time immemorial. The river is now threatened by pollution and encroachment. The river is the city's main outlet of sewage waste. About 80% of Dhaka's sewage is said to be untreated. A large...

The path to take from here onwards

2009-11-25 00:00:00

Shamser ChowdhuryOUR struggle for independence was one of the unique events in the history of any nation. Those of us who survived the struggle are not only fortunate but also grateful to Almighty for being alive and the rare experience....

France and the culture wars

2009-11-25 00:00:00

Christopher CaldwellNOT until this month, when Marie NDiaye won the Prix Goncourt, France's most prestigious literary award, did most of her fellow citizens discover that she was living in self-imposed political exile. In an interview with the magazine Les Inrockuptibles...

Mixed economy for Bangladesh

2009-11-25 00:00:00

Kazi Shafi Kul Alam, MBA A free market describes a market without economic intervention and regulation by government except to regulate against force or fraud. A free market requires protection of property rights, but no regulation, no subsidy, no single...

Would the new pay scale stoke inflation?

2009-11-25 00:00:00

Md Masum BillahFOR the government employees the compensation package has been hiked by almost eighty per cent. It is a good news for one million plus people who work for government and its development projects. The Pay Commission was appointed...

Dollar ticks up, Asian shares slip as risk shunned

2009-11-25 00:00:00

HONG KONG, Nov 24 (Reuters): The dollar recouped some of its overnight losses Tuesday, while Asian shares slipped as investors shrugged off upbeat US home sale data and took light profits on recent rallies.Financial bookmakers expected shares in Europe to...

Chevron observes global road safety week

2009-11-25 00:00:00

The vehicle drivers of Chevron Bangladesh drove ten million kilometers without any serious motor crash, said a press release.The achievement was felicitated during the observation of the Global Road Safety Week 2009 from November 9 to November 14. To mark...

JAL slides to record low on bankruptcy jitters

2009-11-25 00:00:00

TOKYO, Nov 24 (Reuters): Shares of Japan Airlines Corp slid 8.4 per cent to close at a record low Tuesday on growing investor worries the carrier could face bankruptcy as it struggles to reach an agreement on pension cuts.The slide...

Bajaj Auto to roll out more bikes

2009-11-25 00:00:00

MUMBAI, Nov 24 (Business Standard): After hitting a trough last year when its two-wheeler sales recorded the biggest fall in the industry, Pune-based two-wheeler major Bajaj Auto is looking to launch more products in the market in the near term...

Lafarge Surma holds seminar

2009-11-25 00:00:00

Lafarge Surma Cement Limited organised a technical seminar on "knowing Supercrete better" at a local hotel in Sylhet recently.Senior officials of the company discussed the good practices in civil construction in the country. They highlighted the competitive advantage of Supercrete...

Suroor Investment acquires Atlas Bank's majority shares

2009-11-25 00:00:00

KARACHI, Nov 24 (Business Recorder): Suroor Investment Ltd, led by prominent banker Hussain Lawai, has acquired majority shares of Atlas Bank limited at a prices of Rs 4.50 per share. "Suroor Investment is keenly interested to enhance Arif Habib Bank's...

Nikkei hits four-month closing low

2009-11-25 00:00:00

TOKYO, Nov 24 (Reuters): Japan's Nikkei average hit its lowest close in four months Tuesday as banking shares were sold on persistent worries that more financial firms would tap the market for equity financing and as a stronger yen hurt...

Oil remains below $78 in Asian trade

2009-11-25 00:00:00

SINGAPORE, Nov 24 (Commodity Online): World oil prices remained below $78 a barrel in Asian trade Tuesday ahead of a crucial US Energy department data.Light sweet crude for January delivery was seen trading at $77.52 a barrel at 12.00 noon...