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Sensex ends up 134 points

2010-01-01 00:00:00

MUMBAI, Dec 31 (Business Standard): Sensex has ended (provisional) at 17,478 - up 134 points.The Nifty has ended (provisional) at 5,210 - up 39 points.The markets have slipped in late-noon trades. The Sensex is now quoting at 17462, higher by...

2009, the year of commodities, ends with a bang

2010-01-01 00:00:00

SINGAPORE, Dec 31 (Reuters): Commodity markets are on course for their strongest year since 1973, lifted by oil's biggest annual gains in a decade and a 140 per cent surge in copper prices.With the Reuters, Jefferies CRB index .CRB on...

Berger, Multiplan sign MoU

2010-01-01 00:00:00

FE ReportBerger Paints Bangladesh Ltd, a renowned multinational paint manufacturer, and Multiplan Ltd, a real estate developer in the country, have signed a memorandum of understanding (MoU) in the city recently. Under the MoU, Berger Paints will directly be involved...

Move to retrieve grabbed farm lands, structures

2010-01-01 00:00:00

S M JahangirThe ministry of agriculture has moved to retrieve lands and structures of its agencies from illegal occupiers against the backdrop of an alarming rise in land grabbing in recent times.Agriculture Minister Begum Matia Chowdhury directed Tuesday the relevant...

Bumper mustard output likely in B'baria

2010-01-01 00:00:00

Our CorrespondentBRAHMANBARIA, Dec 31: A bumper mustard harvesting is likely in the district as its production has doubled in this season, sources said.Massive steps have been taken to cultivate mustard in eight upazila of the district in the current season....

Indian steel firms to hike prices in new year

2010-01-01 00:00:00

NEW DELHI, Dec 31 (Commodity Online): India's SAIL, Essar and Ispat, all steel majors, are all set to hike prices by 3-4 per cent or Rs 1,000-1,500 per tonne in January in line with rising global prices.In November, international steel...

Patronisation needed to boost export to Italy

2010-01-01 00:00:00

FE ReportThe government agencies and private institutions should provide promotional services which are required to boost up export business to Italy, said speakers at a seminar on Thursday.Italy-Bangladesh Chamber of Commerce and Industries (IBCCI) society in association with Society for...

S'pore Airlines to operate 7-time a week from Dhaka

2010-01-01 00:00:00

FE ReportSingapore Airlines will operate to and from Dhaka seven times weekly from March 28 next year, up from the current five times a week, according to a press release.Earlier, from May 18 this year Singapore Airlines cut its weekly...

Philippine volcano darkens NY for 50,000 villagers

2010-01-01 00:00:00

LEGASPI, Philippines, Dec 31 (AFP): Nearly 50,000 Philippine villagers are likely to spend the first few months of 2010 in evacuation centres amid concerns the Mayon volcano will erupt, officials said Thursday.Chief government volcanologist Renato Solidum warned that although Mayon...

Kashmir New Year celebrations draw hardliners' ire

2010-01-01 00:00:00

SRINAGAR, Dec 31 (AFP): Plans for the first major New Year's eve celebrations in violence-wracked Indian Kashmir for 20 years have triggered protests from hardliners who object to the 'anti-Islamic' partying.War-weary locals are set to enjoy some of the first...

Suicide blast kills 8 American civilians in Afghanistan

2010-01-01 00:00:00

KABUL, Dec 31 (AP): The Taleban claimed responsibility Thursday for a suicide bombing at a base in eastern Afghanistan that killed eight American civilians and one Afghan, the worst loss of life for the United States (US) in the country...

Militants bomb schools in Pak tribal area

2010-01-01 00:00:00

KHAR, Pakistan, Dec 31 (AFP): Militants blew up two boys' schools in Pakistan's lawless tribal belt on the Afghan border, which the United States (US) has branded the most dangerous region on the planet, officials said Thursday.A 21-room government high...

news digest

2010-01-01 00:00:00

Indonesia mourns ex president Wahid TEBUIRENG, Indonesia, Dec 31: Indonesia prepared Thursday to bury former president Abdurrahman Wahid, a moderate Muslim scholar who courted ties with Israel and staunchly defended the country's pluralist traditions. Flags were flying at half mast...

LankaBangla Securities retains top position, Beximco Ltd top turnover leader

2010-01-01 00:00:00

FE ReportLankaBangla Securities Ltd retained its top position among all the brokerage houses of Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) in 2009.According to DSE sources, apart from LankaBangla Securities, the other top nine brokers in terms of...

Imposition of 15pc VAT irks shipping agents

2010-01-01 00:00:00

Jasim Uddin Haroon The National Board of Revenue (NBR) has imposed VAT (value added tax) on the shipping agents as a precondition for getting clearance certificate to set sail.Shipping circles said such a stance of NBR will hamper the country's...

Bringing poor to mainstream biggest challenge: BB

2010-01-01 00:00:00

FE ReportFinancial inclusion and increased environment-friendly investment will be the biggest challenges for the Bangladesh Bank next year, said central bank governor Dr Atiur Rahman Thursday.The government took a number of steps for economic development in 2009 and the initiatives...

Merchant bankers unhappy over SEC order to open separate BO accounts for investors

2010-01-01 00:00:00

Kayes M SohelThe stock market regulator has once again ordered merchant bankers to conduct trading on behalf of their clients under separate BO accounts, instead of the existing omnibus account, in a move to bring transparency in the capital market.The...

Mercantile Bank donates money to promote soccer

2010-01-01 00:00:00

FE ReportMercantile Bank Limited chairman Mohammad Abdul Jalil, MP handed over a cheque worth Tk 0.5 million as its sponsorship money to Soccer Club, Feni at the bank's head office in city Thursday. Mr Jalil said the donation is a...

BB buys back Tk 10.75b govt securities in first-half

2010-01-01 00:00:00

FE Report Government securities worth Tk 10.75 billion has been purchased under buying back arrangement in the first-half of this fiscal year to manage the government's surplus funds properly, officials said.Under the arrangement, the central bank has bought treasury bills...

All assets, liabilities of BSB, BSRS vested with BDBL

2010-01-01 00:00:00

FE ReportA vendor's agreement between the Ministry of Finance (MoF) and the Bangladesh Development Bank Ltd (BDBL), vesting all assets and liabilities of Bangladesh Shilpa Bank and Bangladesh Shilpa Rin Sangstha to the newly established BDBL was signed Thursday.MD Rizwanul...

It’s high time to export quality products at cheaper price: Dilip

2010-01-01 00:00:00

FE ReportBangladesh can take advantage of the global recession to export quality products at cheaper prices, Dilip Barua said Thursday."We are able to manufacture high standard products at low cost by training our workers," Industry Minister Dilip Barua said.The government...

PM to inaugurate the fair

2010-01-01 00:00:00

FE ReportThe 15th Dhaka International Trade Fair (DITF) 2010, the biggest annual business carnival in the country, begins today (Friday).Organised jointly by the Ministry of Commerce and Export Promotion Bureau (EPB), the month-long event will be inaugurated by Prime Minister...

Southeast Bank holds w'shop on 'Prevention of Money Laundering'

2010-01-01 00:00:00

FE ReportSoutheast Bank Ltd Training Institute organised a daylong workshop on 'Prevention of Money Laundering' at the bank's Feni branch recently.The workshop was organised for the officials of Feni, Chhagalnaiya, Chowmuhani and Bashurhat branches of the bank, according to a...

Pubali Bank opens its 382nd branch at Moynamoti

2010-01-01 00:00:00

Pubali Bank Limited has recently opened the 382nd branch of the bank at Moynamoti in Comilla to provide modern banking services to the clients, according to a press release.Pubali Bank Director Syed Moazzem Hussain inaugurated the new branch as the...

CBC sponsors fund to boost Grameen Khadi

2010-01-01 00:00:00

FE ReportCommercial Bank of Ceylon (CBC) PLC has sponsored fund to 'Grameen Khadi-Chandina, Comilla' for development of Grameen Khadi by donating machinery and carrying out its office renovation expense as part of its corporate social responsibility (CSR). CBC Country Manager...

AIMS declares NAV of three unit funds

2010-01-01 00:00:00

The Asset and Investment Management Services (AIMS) of Bangladesh Limited has declared the Net Asset Values (NAV) of its three unit funds, according to a press release.Aims First Guaranteed Mutual Fund: The NAV of AIMS First Guaranteed Mutual Fund stood...

Mashrafee ruled out from Tri-series

2010-01-01 00:00:00

Bangladesh cricket fans suffered a big blow as BCB selectors confirmed that Captain Mashrafee Bin Mortaza was ruled out of Tri-Nation ODI series with once again World's number one all rounder Shakib Al Hasan holding the helm of the Bangladesh...

Wills Little Flower School advance

2010-01-01 00:00:00

Wills Little Flower School earned an exciting two-run victory over Nawabpur High School in a Dhaka Metro Zone match of the Standard Chartered Young Tigers Under-16 National School Cricket Tournament at the Gulshan Youth Club ground Thursday, reports UNB.Batting first,...

Kaka is 'indispensable' for Real, says Ronaldo

2010-01-01 00:00:00

MADRID, Dec 31 (AFP): Real Madrid's Brazilian midfielder Kaka, sidelined since the end of November with a hernia, is "indispensable" for the success of the Spanish giants, his teammate Cristiano Ronaldo said in an interview published Wednes-day. Real have won...

In-form Rooney targets best ever goal tally

2010-01-01 00:00:00

MANCHESTER, England, Dec 31 (AFP): Manchester United striker Wayne Rooney believes he will beat his best ever goal tally for a single season after inspiring Sir Alex Ferguson's side to a comprehensive 5-0 demolition of Wigan. Roberto Martinez's Wigan held...