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Philippine volcano evacuees head home as alert lowered

2010-01-03 00:00:00

LEGASPI, Philippines, Jan 2 (AFP): Tens of thousands of Filipinos evacuated from the shadow of a volcano that began spewing ash and lava prepared to head home on Saturday after the alert level was lowered.The lowering of the alert level...

Al-Qaeda link to Christmas terror suspect: Obama

2010-01-03 00:00:00

HONOLULU, Jan 2 (AP): President Barack Obama laid blame Saturday on an al-Qaeda affiliate for a Christmas Day terrorist attack that has prompted a top-to-bottom review of how the nation's intelligence agencies failed to prevent the botched bombing aboard a...

Four die as trains collide in fog-bound UP

2010-01-03 00:00:00

LUCKNOW, Jan 2 (AFP): At least four people were killed when four express trains collided in separate incidents in the fog-bound northern Indian state of Uttar Pradesh Saturday, police and railway officials said.In the first incident, an inter-city express rammed...

Japan PM starts tweeting, launches blog

2010-01-03 00:00:00

TOKYO, Jan 2 (AFP): Japanese Prime Minister Yukio Hatoyama has launched a blog and started using Twitter in a New Year bid to reach out to the public at a time when his ratings have tumbled.Hatoyama began using the micro...

Tehran to make its own nuke fuel

2010-01-03 00:00:00

TEHRAN, Jan 2 (AP): Iran is warning it will produce nuclear fuel on its own if there is no deal to have the West deliver the fuel in exchange for Tehran's enriched uranium by the end of January.Foreign Minister Manouchehr...

Afghan House starts vote on Karzai nominees

2010-01-03 00:00:00

KABUL, Jan 2 (AFP): Afghanistan's parliament Saturday began voting on President Hamid Karzai's cabinet nominees, nearing the end of a long process that should fill the political vacuum with a government, officials said.Parliamentarians began casting secret ballots for 24 ministerial...

news digest

2010-01-03 00:00:00

Strong quake hits western PacificHAGATNA, Guam, Jan 2: A strong, 6.2-magnitude earthquake struck in the western Pacific, west of the United States (US) territory of Guam Saturday, US geologists said, although there was no immediate indication of any tsunami. The...

LankaBangla Securities launches stock trading under NITA

2010-01-03 00:00:00

FE ReportLankaBangla Securities Ltd, the top broker of Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) has taken a series of plans under which country's growing securities market will get further boost."We are going to streamline a product from...

Meghna Cement set to expand production capacity

2010-01-03 00:00:00

FE ReportMeghna Cement Mills Ltd is set to expand its production capacity due to consistent consumption and export growth. "We are going to enhance our productivity and capacity utilisation as well in the new year," an official of Meghna Cement...

New MD of IDLC Finance Limited

2010-01-03 00:00:00

Selim RF Hussain joined the IDLC Finance Ltd as CEO and Managing Director (MD) recently.Prior to joining the company he was Chief Financial Officer of Standard Chartered Bank in Bangladesh and the Head of Finance and Strategy in India of...

Planning Commission refuses to approve ERL's pipeline project

2010-01-03 00:00:00

FHM Humayan KabirThe planning commission has refused to approve Tk 10.81 billion deep-sea pipeline project of Eastern Refinery Ltd (ERL) for transporting oil from tankers in deep sea to shore as no feasibility study has been under taken before submitting...

REHAB Fair begins Jan 5

2010-01-03 00:00:00

FE ReportThe country's private real estate developers are organising a five-day housing fair in the capital to help the global economic crisis-hit sector weather the current bad-patch.The fair titled 'REHAB Fair 2009' will be organised by Real Estate and Housing...

Prospect of hitting tea production target gloomy this year

2010-01-03 00:00:00

Jasim Uddin Haroon The country's tea output might fall short of target this year mainly due to unfavourable weather in the plant growing regions, tea planters told the FE.Until November, the total tea production stood at 53.98 million kilogrammes (kg),...

Poultry farmers ready to export

2010-01-03 00:00:00

FE ReportPoultry farmers Wednesday said Bangladesh might resume poultry bird export, as there has been no outbreak of the deadly bird flu infection in the country last year.Local poultry birds used to be exported to Nepal and the Middle Eastern...

BB moves to help SME, clients

2010-01-03 00:00:00

FE ReportBangladesh Bank (BB) has opened SME and Special Programmes Department to help the sector and its clients."We are giving a signal to banks that the central bank has put special emphasis on the sector and they should follow the...

MIDAS approves 15pc stock, 2.5pc cash dividends

2010-01-03 00:00:00

MIDAS Financing Limited has approved 15 per cent stock and 2.5 per cent cash dividend for its shareholders.The approval came at the 14th annual general meeting (AGM) of the company.The AGM was held at the Trust Milonayatan in the city...

Pragati Life Ins policy for Feni Soccer Club

2010-01-03 00:00:00

FE ReportPragati Life Insurance Ltd has signed a group life and health insurance contract with Feni Soccer Club recently.Treasurer of Feni Soccer Club Nizamuddin and Assistant Managing Director of Pragati Life Insurance MM Monirul Alam signed the agreement on behalf...

Award winning micro co sets up Tk 100m spice processing plant

2010-01-03 00:00:00

FE ReportAffix Consumer Products Limited, an award winning micro enterprise, has set up a Tk100 million food processing plant to grab a share of the country's fast growing packaged spices market. Managing director of the company Ezaz Uddin told the...

Bank Asia opens 41st branch at Beani Bazar

2010-01-03 00:00:00

The 41st branch of Bank Asia started operation at Beani Bazar, Sylhet Tuesday. Director of the bank Mohammad Safwan Choudhury formally inaugurated the new branch, said a press release. President and Managing Director of the bank Erfanuddin Ahmed was also...

KPM suffers from fund constraints

2010-01-03 00:00:00

RANGAMATI, Jan 02 (BSS): Karnaphuli Paper Mills (KPM), an industrial unit of Bangladesh Chemical Industries Corporation (BCIC), has been suffering from acute fund constraints as a stock of paper worth about Tk 20 million was lying unsold.KPM sources said payment...

Giant Group holds blood donation programme

2010-01-03 00:00:00

FE Report The Giant Group, a leading apparel manufacturer, organised a blood donation programme January 2 at its premises at Joydevpur in Gazipur.The group officials said they had collected over 100 bags of blood during the daylong blood donation programmes....

New office-bearers of BJMA

2010-01-03 00:00:00

FE ReportNajmul Huq, managing director of Janata Jute Mils Ltd, has been re-elected chairman of Bangladesh Jute Mills Association (BJMA) for the term 2010-2011. Mr Huq, a leading entrepreneur of the country's jute sector, is also the chairman of Sadat...

3 single country trade fairs in Europe this year

2010-01-03 00:00:00

FE ReportThree single country trade fairs exclusively for the Bangladeshi products and services is going to be held in three different countries in Europe later this year to tap the potentials of those markets.Dhaka International Exhibition Company Limited- a homegrown...

Indian cricket team arrives to play good cricket: Sehwag

2010-01-03 00:00:00

We are here to play good cricket, said Virendar Sehwag, India's hard hitting opening batsman while talking to sports scribes at the airport, reports BSS.A 24-member star-studded Indian team arrived in the capital this afternoon to take part in a...

Pakistan look to tighten up their act

2010-01-03 00:00:00

Pakistan's New Year has begun with a setback. Mohammad Aamer, who bagged a five-for at the MCG and was, by far, his team's best bowler, has been ruled out of the SCG Test due to a groin injury. The blow...

Transcom Beverages official beverage partner of BCB

2010-01-03 00:00:00

Transcom Beverages Limited (TBL) signed an agreement with Bangladesh Cricket Board (BCB) to become its official beverage partner, reports BSS. BCB held a conference Saturday at Sher-e-Bangla Stadium in Mirpur to announce the agreement between TBL and BCB on beverage...

Rangers faces Celtic, chases 10 point lead

2010-01-03 00:00:00

GLASGOW, Scotland, Jan 2 (AP): Rangers can open a 10-point lead over Celtic by beating its traditional rival in the Scottish Premier League on Sunday and goes into the game buoyed by a 7-1 victory over Dundee United in which...

Romanians stun home team in Perth

2010-01-03 00:00:00

PERTH, Jan 2 (AFP): Romania stunned top seeds Australia with an upset 2-1 win in their Group A tie at the mixed teams Hopman Cup at Perth's Burswood Dome Saturday.With the tie split after the respective singles matches, the Romanian...

Collingwood set to start Newlands Test

2010-01-03 00:00:00

CAPE TOWN, Jan 2 (AFP): England batsman Paul Collingwood looks set to start the third Test against South Africa at Newlands Sunday, according to captain Andrew Strauss. Collingwood, who did not take the field on the last two days of...

Japan University makes draw with national team

2010-01-03 00:00:00

Visiting Japan University team played to a 28-28 goals draw with Bangladesh national team in an exhibition handball match at the Shaheed Suhrawardy National Indoor Stadium in Mirpur Saturday, reports UNB.The touring team beat Bangladesh national team by 37-32 goals...