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India-Asean FTA deal off to a flying start

2010-01-06 00:00:00

NEW DELHI, Jan 05 (Commodity Online): Asia's third largest economy, India said as a first step in implementing the Asean FTA deal, Free trade area agreement with Singapore, Thailand and Malaysia has become operational from January 1, 2010.Under the FTA,...

Global cotton output to rise 10.0pc in 2010-11

2010-01-06 00:00:00

WASHINGTON, Jan 05 (Commodity Online): Global cotton production in 2010/11 is forecast at 24.2 million tons up nearly 10 per cent, according to International Cotton Advisory Committee (ICAC). The production in China is forecsted at 7.7 mn tonnes in 2010/11,...

Taiwan's lawmakers approve ban on US ground beef

2010-01-06 00:00:00

TAIPEI, Jan 5 (Bloomberg): Taiwan's parliament voted to reinstate a ban on imports of US ground beef and offal amid mad-cow concerns, challenging a decision by President Ma Ying- jeou to allow some shipments and risking a dispute with the...

Gold trading to boom in Dubai this year

2010-01-06 00:00:00

DUBAI, Jan 05 (Commodity Online): Vietnam has shut down gold trading in the New Year thanks to illegal operations and excessive speculative activity in the bullion market. But gold trading is going to boom in Dubai-the city of gold-in 2010....

Metals are the best bet in 2010

2010-01-06 00:00:00

NEW DELHI, Jan 05 (Commodity Online): Do you know among the commodities metals were the best performing ones in 2009? If not, remember that not only gold other metals also performed extremely well in 2009 riding on hopes for a...

Indonesia scraps oil, gas cost recovery ceiling

2010-01-06 00:00:00

JAKARTA, Jan 05 (Commodity Online): Indonesia said it will abandon the recently adopted practice of putting a ceiling on the annual cost recovery payment reimbursed to contractors.In a statement issued here Indonesia's Coordinating Economic Ministry said the policy of capping...

Nickel continues its down trend

2010-01-06 00:00:00

AHMEDABAD, Jan 05 (Commodity Online): Nickel Jan moved down 1.16 per cent today. Nickel opened at 878 and made a low of 865.6 and day's high of 881.8.Total volumes for the day is 16103 lots and open interest is around...

Oil inches towards $82 in Asian trade

2010-01-06 00:00:00

SINGAPORE, Jan 05 (Commodity Online): World oil prices advanced near $82 a barrel in Asian trade Tuesday mainly on better demand for fuel as winter weather spreads to more areas in the northern hemisphere.Light sweet crude for February delivery was...

exchange rate

2010-01-06 00:00:00

January 05, 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 Bank69.4500100.6756112.02440.761267.863267.183863.6900Agrani Bank69.4500100.4747111.94510.763767.753067.106763.6329FCBsStanChart69.65101.86113.440.7869.0268.3264.94HSBC 69.6305100.9102113.54160.782767.649466.750263.0006Citibank naNANANANANANANABank of Ceylon69.5400102.4907114.75760.782369.118467.711866.2160PCBsUttara Bank69.5000101.0874112.28730.769067.658267.176763.6855AB Bank69.6000102.4177113.73810.7737NANANABuying rates  from public (inward remittance)SCBsUSDEuroGBPJPYCHFCADAUDSonali...

People’s diet must be a policy priority

2010-01-06 00:00:00

The relentless price hike of essential food items, despite the government’s efforts, is rather worrying. Although the stock of rice is said to be fairly satisfactory, the situation of pulses, the ‘poor man’s protein,’ is not too good. It has...

Why CSR is important for businesses in Bangladesh

2010-01-06 00:00:00

Edward Probir MondolConcepts of corporate social responsibility (CSR) and its practices in Bangladesh have a long history of philanthropic activities from time immemorial. Such philanthropic activities included donations to different charitable organisations, poor people and religious institutions. Until now, most...

Challenges in conducting Bangladesh’s foreign policy

2010-01-06 00:00:00

Ayabur RahmanAgainst the peculiarities of South Asian region, it is a challenge for Bangladesh as to how to maintain a delicate balance of relations between China and India. It cannot afford having an imbalance of bilateral relations with two Asian...

Street children need care

2010-01-06 00:00:00

BANGLADESH needs to create facilities for the rootless children or street children to grow up with some care. It needs to educate and house them, with due support, so that they become useful citizens.These unfortunate children, abandoned by parents, used...

Slow implementation

2010-01-06 00:00:00

Bangladesh's reputation for slow implementation of development work gives us little cause for comfort.Recently, Japan International Cooperation Centre (JICA) expressed its concern about it and indicated that it could reduce its assistance unless Bangladesh speeds up the pace of implementation....

A commitment fulfilled

2010-01-06 00:00:00

THE education minister, Nurul Islam Nahid, has kept his words by fulfilling the government's commitment. It is about distributing textbooks among most of the madrasa and school students on the opening day of the new academic year. This is an...

Human rights

2010-01-06 00:00:00

A recent survey done by an NGO indicates human rights situation in Bangladesh has worsened compared to that of last year. People feel insecure due to deterioration of law and order. A steady law and order is a must for...

The issue over banning of "religion-based" political parties

2010-01-06 00:00:00

LAW Minister Shafique Ahmed's statement that the Awami League (AL) regime will ban religion-based political parties is unfortunate. I think such a move will create further acrimony and disunity among the people of Bangladesh. Subsequent political crisis and clashes may...

Avoid contradictory actions

2010-01-06 00:00:00

BANGLADESH escaped the worst of the 2008-09 financial crisis by following its own path, even if the overarching approach should be one of global integration and gradual financial liberalisation.We do know how banks in Bangladesh escaped the scourge of high...

Difference between poetry and chemistry

2010-01-06 00:00:00

Maswood Alam KhanTHE other day, two scholars from two diametric domains were invited as guests to participate in an episode of Tritio Matra, a very popular 'talk show' aired daily by the private television station 'Channel-I'. One guest was Dr...

SME financing fair 2009

2010-01-06 00:00:00

Ferdaus Ara BegumTHE SME Financing Fair 2009, had recently, brought out in full the interest of entrepreneurs, the banks and financial institutions (FIs) in small and medium enterprises (SME). In all twenty six banks, financial institutions and SME supporting organisations...

More schools, no admission time donations

2010-01-06 00:00:00

Mirza Md. Adwit RahmanWE are quite familiar with the spectre of 'donation'. At school admission time, in particular, we fear it the most.School authorities ask for it in the name of development fees. But, in reality it is a 'bribe'...

Over 1,000 homeless on Solomons after tsunami

2010-01-06 00:00:00

HONIARA, Solomon Islands, Jan 5 (AP): Landslides and a tsunami unleashed by a major earthquake destroyed some 200 houses on one Solomon island, leaving about one-third of the population homeless, a disaster management official said Tuesday.Visual assessments from the air...

US embassy in Yemen reopens as Hillary warns of instability

2010-01-06 00:00:00

SANAA, Jan 5 (AFP): The US embassy in Yemen reopened Tuesday after a two-day closure prompted by Al-Qaeda threats as US Secretary of State Hillary Clinton warned unrest in the Arab country is a threat to global stability.The embassy said...

Lankan opposition vows to end emergency laws

2010-01-06 00:00:00

COLOMBO, Jan 5 (AFP): Sri Lanka's main opposition vowed Tuesday to immediately end the state of emergency that has been in place on the island for 27 years if its presidential candidate wins this month's election.The opposition's candidate, Sarath Fonseka,...

UK's Iraq inquiry restarts ahead of Blair evidence

2010-01-06 00:00:00

LONDON, Jan 5 (AFP): Britain's public inquiry into the Iraq war resumed Tuesday after the Christmas break, as questions grew about the looming appearance by Tony Blair, who led the country into the controversial conflict.Blair is expected to give evidence...

Iran bans contact with 60 groups

2010-01-06 00:00:00

TEHRAN, Jan 5 (AFP): Iran has banned its citizens from having contact with 60 organisations including the BBC, Human Rights Watch and opposition website Rahesabz as well as US-funded broadcasters, state media said.The deputy intelligence minister in charge of external...

CIA Afghan base bomber Qaeda triple agent

2010-01-06 00:00:00

AMMAN, Jan 5 (AFP): A suicide bomber who killed eight people at a CIA base in Afghanistan was an Al-Qaeda triple agent who duped Western intelligence services for months before turning on his handlers, jihadist websites boasted on Tuesday.The Jordanian...

India seeks to calm tempers over plan for new state

2010-01-06 00:00:00

NEW DELHI, Jan 5 (AFP): India's home minister called on Tuesday for regional politicians to end massive street protests that have erupted over the proposed creation of a new state. P Chidambaram met with eight political parties in New Delhi...

news digest

2010-01-06 00:00:00

S Korea to return North fishermenSEOUL, Jan 5: South Korea agreed Tuesday to send back two North Korean fishermen who were rescued earlier this week after their boat drifted into southern waters, officials said. South Korea's coastguard rescued the two...

HIGHLIGHTS

2010-01-06 00:00:00

Sajan Ghar Jaana Hai On STAR Plus Wednesday at 9-00 pm.The story revolves around how a simple and sweet girl gets married in difficult situations and yet cannot be with her husband. Watch to find out what will Dhaani do...