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PM's Bhutan visit: the prospects of easing power crisis

2009-11-15 00:00:00

Prime Minister Sheikh Hasina chose Bhutan as the first country in the South Asian region to visit. She herself has given an explanation: "Bhutan was among the first countries to recognise independent Bangladesh that is why my first bilateral visit...

Addressing the root causes of poor ADP implementation

2009-11-15 00:00:00

Shahiduzzaman KhanAGAINST the backdrop of poor project implementation, the planning minister held a special meeting last week with secretaries and representatives of different government agencies in a bid to streamline implementation of the development projects. The minister asked the top...

US Fed to streamline credit card operations

2009-11-15 00:00:00

Fazle RashidBANKS, already smarting under the weight of a mountain of crushing debts due to increased delinquency in payment of credit card charges, will find themselves in further trouble as the US Fed Reserve is soon to announce new rules...

Corrigendum

2009-11-15 00:00:00

The title of yesterday's post-editorial by Nerun Yakub should read 'Creating wealth and well-being not greed", instead of 'Creating wealth and well-being is not greed'.

Stop fertiliser hoarding and smuggling

2009-11-15 00:00:00

Subsidy on fertiliser will have a good impact on agriculture. The move would make the farmers' cost of farming their land affordable. Subsidy not only on fertilisers but also on other agricultural inputs such as seeds, irrigation and the machinery...

Contract out airport services please

2009-11-15 00:00:00

Recently I went to ZIA international airport to receive a guest coming from USA and made my entry into the concourse hall by purchasing a Tk. 200 ticket. The plane was delayed and meanwhile I went to the nearby wash...

Retirement: hell to a lot, paradise to a few

2009-11-15 00:00:00

Maswood Alam KhanHundreds of thousands of elderly public servants in Bangladesh who are on the verge of retirement are feeling their every nerve on the edge, some with expectations that they would remain unretired and the others with fears that...

Indian market critically poised, global cues key

2009-11-15 00:00:00

MUMBAI, Nov 14 (The Economic Times): With equity benchmarks poised at critical levels, a move in either direction will set the trend for the Indian stock market in the near term for which the performance of overseas markets holds key."The...

Chemtrek, Madonna sign mutual deal

2009-11-15 00:00:00

FE Report Chemtrek Industries Bangladesh (CIB) and Madonna Advertising Limited (MAL) have signed a mutual agreement at the Chemtrek head office in the city recently, said a press release. Chemtrek Chairman Husna Mansur and Madonna Chairman ABA Fakhrul Kamal signed...

Tata Housing to develop affordable houses overseas

2009-11-15 00:00:00

BOMBAY, Nov 14 (Business Standard): Tata Housing Development Company today said it has received proposals from governments of Sri Lanka, the Maldives and Nepal to build integrated cities with affordable housing."We have received invitations from many overseas governments to build...

Foreign investors withdraw $7.5m from equity market

2009-11-15 00:00:00

KARACHI, Nov 14 (Business Recorder): An outflow of 7.5 million dollars of foreign portfolio investment from the local equity market was witnessed during the outgoing week ended November 13, 2009. Analysts said that the prevailing political situation in the country...

Coca Cola takes part in AIUB Jobs Fair 2009

2009-11-15 00:00:00

FE Report Coca Cola, a globally leading soft drink brand, participated in the American International University, Bangladesh (AIUB) Job Fair 2009 which took place on the AIUB premises Saturday.Mr. Debasish Deb, country manager, Coca Cola Far East Limited, Dr. Carmen...

Korea Pension Fund to buy HSBC London HQ

2009-11-15 00:00:00

SEOUL, Nov 14 (Bloomberg): South Korea's National Pension Service, the nation's biggest investor, agreed to buy HSBC Holdings Plc's London headquarters for 772.5 million pounds ($1.29 billion) as the fund boosts overseas assets. HSBC, Europe's largest bank by market value,...

Gold sparkles, hitting historic peak above $1,123

2009-11-15 00:00:00

LONDON, Nov 14 (AFP): Gold blazed a record-breaking trail above 1,123 dollars this week due to buoyant equities and the weak greenback, which makes it cheaper for buyers using stronger currencies and tends to boost demand. Elsewhere, crude dived close...

Pakistan's textile sales threatened by terrorism

2009-11-15 00:00:00

KARACHI, Nov 14 (Bloomberg): Pakistan's overseas sales of textiles are threatened by growing terror attacks, power outages and poor market access, said Umer Mansha, chief executive officer of Nishat Mills Ltd., the nation's biggest exporter."Textile buyers like to come, see...

Handicrafts of Gopalganj eves boost export basket

2009-11-15 00:00:00

Our CorrespondentGOPALGANJ, Nov 14: Handicraft goods made by the rural women in the district have been contributing immensely to boosting the country's export basket. In the 80s, the rural women here just helped men in making of handicraft items and...

India food strike, fatal riots hobble push to export auto parts

2009-11-15 00:00:00

NEW DELHI, Nov 14 (Bloomberg): Prem Kumar's demand for higher pay and better food at the cafeteria at the auto-parts factory where he works near New Delhi forced General Motors Co and Ford Motor Co to shut three plants on...

Rupali Bank opens computerised banking at RUET branch

2009-11-15 00:00:00

RU CorrespondentRAJSHAHI UNIVERSITY, Nov 14: With a view to ensuring quick banking service for teachers, officers, employees and students of Rajshahi University of Engineering and Technology (RUET), Rupali Bank Limited has launched a computerised banking system at the RUET campus...

Limestone import thru' Chela route remains suspended

2009-11-15 00:00:00

SYLHET, Nov 14 (UNB): Limestone import through the Chela River route remained suspended from Friday due to indefinite strike following the terrorists attack on the agents of Chhatak Limestone Importers and Suppliers Group (CLISG).Local sources said, a gang of terrorists...

Exporters seek 7.5pc cash incentives on export of crust leather

2009-11-15 00:00:00

FE ReportThe country's leather exporters, affected by global recession, have placed various demands, including a 7.50 per cent cash incentive on export of crust leather, to help them cope with the external shock.Leaders of the Bangladesh Finished Leather, Leather-Goods and...

IBF holds awarding ceremony for selected students

2009-11-15 00:00:00

FE ReportA scholarship awarding ceremony for the selected students was organised by Islami Bank Foundation (IBF) was held at BCIC Bhaban auditorium in the city Saturday, said a press release.Former chief adviser of Caretaker Government Justice Md Latifur Rahman was...

Mercantile Bank opens ATM Booth in Dinajpur

2009-11-15 00:00:00

FE Report Mercantile Bank Limited (MBL) has recently opened its 14th ATM Booth at Dinajpur Plaza in Dinajpur, said a press release.Lawmaker (Dinajpur-2) Muhammad Khalid Mahmud Chowdhury inaugurated the booth as the chief guest.Also present at the inaugural ceremony were...

Agrani Bank to finance sustainable energy projects

2009-11-15 00:00:00

The board of directors of Agrani Bank Limited approved policy for a new loan scheme for setting up sustainable energy projects such as solar energy projects, bio-gas and effluent treatment plants (ETP), said a press release. The approval came at...

CPA claims Tk 580m compensation

2009-11-15 00:00:00

Our CorrespondentCHITTAGONG, Nov 14: The Chittagong Port Authority (CPA) has recently claimed Tk 580 million (58 crore) as compensation from the ship-owner of C Utopia, which collided with dredger Khanak on October 21 last near the mouth of the river...

DCCI unveils Women Entrepreneurs' Directory

2009-11-15 00:00:00

FE ReportDhaka Chamber of Commerce and Industry (DCCI) Saturday unveiled Women Entrepreneurs' Directory 2009 and a research-based book and CD on Kasida.Information and Cultural Affairs Minister Abul Kalam Azad unveiled the directory along with the book and the CD at...

3 young entrepreneurs selected for regional fellowship

2009-11-15 00:00:00

Three young entrepreneurs from Bangladesh have been selected to join the Paragon Fellowship 2009, reports bdnews24.com. The Foundation for Youth Social Entrepreneurship (FYSE) on Tuesday announced 100 inspiring young entrepreneurs and social Changemakers from 10 countries of the Asia Pacific,...

Bangladesh fair begins in KL Dec 4

2009-11-15 00:00:00

A three-day Bangladesh single country trade and tourism fair will begin in Malaysian capital Kuala Lumpur on December 4, reports UNB.Dhaka International Exhibition Company Limited (DIEC) and Palli Bangla Unnayan Shahojogita Sangstha will jointly organise the 'Bangladesh Single Country Trade...

UN envoy voices concern over falling funding for family planning assistance

2009-11-15 00:00:00

A Z M AnasA top UN envoy has voiced concern over falling funding for family planning assistance, saying the reduced flow could impinge on Bangladeshi people's access to contraceptive commodities even as demand swells. Nafis Sadik, a special envoy to...

Prime Bank opens branch at Ishwardi

2009-11-15 00:00:00

FE ReportPrime Bank Ltd has opened its new branch at Ishwardi recently. It is the 76th branch of the bank, according to a press release.Mohammad Aminul Haque, director of the bank, inaugurated the new branch as the chief guest. In...

RB Group launches marketing of energy saving motorcycle

2009-11-15 00:00:00

FE ReportRB Group of Companies Ltd, a leading electrical, electronics and automobile marketing company in the country, has launched the marketing of energy saving and environment-friendly Euro-III technology-incorporated Walton motorcycle.The company organised a press conference at its Head Office in...