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SEBL workshop on 'SWIFT Online Operation' held

2009-11-10 00:00:00

FE Report Southeast Bank Limited (SEBL) organised a workshop on 'SWIFT Online Operation' for its officers at the SEBL Training Institute in the city Saturday, said a press release. Deputy Managing Director (DMD) of the bank Syed Imtiaz Hasib inaugurated...

Investment realities and business confidence

2009-11-09 00:00:00

The findings of the recent survey about the state of business confidence in the country do otherwise give an encouraging signal. Jointly carried out by the Bangladesh chapter of the International Chamber of Commerce (ICB) and the Bangladesh Investment Climate...

Taking the bull by the horns

2009-11-09 00:00:00

Shamsul Huq Zahid In the middle part of the current decade, newspapers very frequently carried reports on foreign investors coming in droves from Europe, India, the Middle East and South East Asia to explore possibilities of making investments in Bangladesh....

The great need for business-related reforms

2009-11-09 00:00:00

Ahmed AliThe establishment of the Better Business Forum (BBF) was one of the few "pro-active" moves by the immediate past caretaker government for sustained confidence of the businesses. It did otherwise cause a great deal of damage to the businesses...

Traffic jams get no priority

2009-11-09 00:00:00

According to a workshop hosted by JICA and BUET, the residents of Dhaka commute approximately 23 million times a day - 40 per cent by rickshaw, 33 per cent by bus and 18 per cent walk, while 9.0 per cent...

Law enforcement without accountability

2009-11-09 00:00:00

THE Rapid Action Battalion (RAB) was created as a temporary measure to tackle insecurity created by a rise in extortion. While the society breathed a sigh of relief when extortions were brought under control, many feared that this elite force...

The senselessness of subsidy

2009-11-09 00:00:00

Nizam AhmadAs a deliberate policy, the Awami government has recently reduced the prices of non-urea fertilisers and fixed the wholesale prices. The government explained that the farmers must benefit with the fall in prices at international levels. However, the price-cut...

Moving towards cooperation or confrontation?

2009-11-09 00:00:00

N. S. SisodiaBetter connectivity is necessary to fully utilize our geographical resources endowment. The government of India has embarked on an ambitious programme for upgradation of border infrastructure along our borders with Nepal, Bhutan, Myanmar and Bangladesh. These projects involve...

Audit practice manual under twinning project

2009-11-09 00:00:00

M. A. Kamal FCA, FCMAA news was published on October 28, 2009 in the Financial Express to say that the President of The Chartered Accountants of England And Wales (ICAEW) visited Bangladesh recently to sign an agreement with the Institute...

Mineral export can fetch hefty forex: Experts

2009-11-09 00:00:00

Bangladesh has deposits of at least 1.74 million tons of minerals worth over Tk 120 billion in the beach sand of vast areas stretching from Najirtek of Cox's Bazar Sadar to Teknaf, experts in Cox's Bazar said, reports BSS. "The...

StanChart to hire 3,000 employees by next year

2009-11-09 00:00:00

MUMBAI, Nov 8 (PTI): Global banking behemoth Standard Chartered plans to hire 3,000 employees in India by the end of 2010, a year that would also see the British firm listing its shares on the bourses here.The bank intends to...

Wall Street firms skittish about RUSAL IPO

2009-11-09 00:00:00

CHICAGO, Nov 8 (Reuters): Wall Street firms are in a quandary about getting involved with a planned public offering of Russian aluminum producer UC RUSAL because its founder has been barred from getting a US visa on account of allegations...

Corporate India set to raise Rs 680b

2009-11-09 00:00:00

NEW DELHI, (The Economic Times): Aluminium producer Hindalco, oil drilling firm Aban Offshore and Tech Mahindra, which bought the scandal-hit Satyam Computer, will lead a record fund raising by Indian companies through share sales to institutional investors in the next...

BSNL to buy equipment from Huawei

2009-11-09 00:00:00

NEW DELHI, (Business Standard): State-run telecom service provider Bharat Sanchar Nigam Ltd has placed an advance purchase order with Huawei of China on mobile equipment for 20 million GSM lines in the south zone. The PSU is also in advanced...

Asian currencies mixed

2009-11-09 00:00:00

HONG KONG, Nov 8 (AFP): Asian currencies ended the week mixed against the dollar as concerns over the health of the US economy continued to depress market sentiment. JAPANESE YEN: The yen firmed against the dollar as worries over the...

Agrani Bank's 138th board meet held

2009-11-09 00:00:00

Agrani Bank Limited held its 138th board meeting at its head office in the city recently, said a press release.Chairman of the bank Dr Khondoker Bazlul Hoque was in the chair while Managing Director (Current Charge) Syed Abdul Hamid, members...

Cotton-production estimate may be lowered by US

2009-11-09 00:00:00

NEW YORK, Nov 8 (Bloomberg): Cotton output in the US, the largest cotton exporter, probably will be less than forecast in October after excess rain last month threatened crops in the most-productive growing regions, analysts said.The US Department of Agriculture's...

NCDEX soybean soars on firm global trends

2009-11-09 00:00:00

MUMBAI, Nov 8 (Commodity Online): Soybean futures at the domestic exchange registered positive mark in the morning trade Friday in the line with firming Malaysian CPO.NCDEX soybean November futures extend gains, up 0.3 per cent at new two-month high of...

Gold may rise on central-bank buying speculation

2009-11-09 00:00:00

LONDON, Nov 8 (Bloomberg): Gold may advance to a record on speculation that central banks and investors will purchase the metal to hedge against a declining dollar, a survey showed.Seventeen of 23 traders, investors and analysts surveyed by Bloomberg, or...

Copper slips as surging US jobless rate spurs demand concerns

2009-11-09 00:00:00

LONDON, Nov 6 (Bloomberg): Copper prices declined after a report showed the US jobless rate climbed to a 26-year high as employers cut back more than forecast, raising demand concerns.Companies slashed 190,000 positions from their payrolls last month, the Labor...

Rupali Bank's managers' confce held

2009-11-09 00:00:00

Rupali Bank Limited organised the Managers' Conference of Bogra, Dinajpur and Rangpur zones at Bogra Parjatan Motel Conference room recently, said a press release.The conference was presided by Rupali Bank Limited Deputy General Manager and Zonal Head of Bogra Mofizul...

exchange rate

2009-11-09 00:00:00

November 08, Sunday The following were the commercial banks' rates to public for some selectedforeign currencies with Bangladesh Taka in cash transaction Sunday.Selling rates to public (outward remittance)BankUSDEuroGBPJPYCHFCADAUDSCBsSonali Bank69.4500103.6419115.71450.779968.644065.000264.0460Agrani Bank69.3500102.6051111.16000.794267.597065.992162.6260FCBsStanChart69.60104.34115.870.8069.7866.7263.92HSBC 69.5805105.1921116.86400.816769.266665.664463.9442Citibank naNANANANANANANABank of Ceylon69.5900105.1252117.84630.798270.692866.118865.5190PCBsUttara Bank69.5000104.0687115.33750.782968.470265.567863.4063AB Bank69.5000104.2985115.48430.7877NANANABuying rates  from public (inward remittance)SCBsUSDEuroGBPJPYCHFCADAUDSonali...

Pakistan suicide bombing kills mayor, 11 others

2009-11-09 00:00:00

Islamabad, Nov 8 (agencies): A suicide car bomber struck in northwest Pakistan Sunday, killing 12 people, including a local mayor, authorities said.The Taliban claimed responsibility for the attack, which injured at least 36 people in the outskirts of Peshawar.About 10...

Four Saudi soldiers missing in Yemen rebels fight

2009-11-09 00:00:00

JIZAN, (Saudi Arabia), Nov 8 (Reuters): Four Saudi soldiers are missing after clashes on the southeastern border with Yemen-based Shiite rebels, Deputy Defence Minister Prince Khaled bin Sultan said in remarks published Sunday.He rejected rebel claims to have captured several...

Thousands of Japanese protest US base plan

2009-11-09 00:00:00

GINOWAN, (Japan), Nov 8 (Reuters): Thousands of Japanese gathered in sweltering heat on the southern island of Okinawa Sunday to demand that a US Marine base be moved out of the region, days ahead of a visit by President Barack...

news digest

2009-11-09 00:00:00

Dalai Lama lands in Indian state claimed by China TAWANG, (India), Nov 8: The Dalai Lama arrived in northeast India today to visit a remote, high-altitude Tibetan monastery on a trip that has infuriated China, which claims the surrounding Himalayan...

BD, Denmark sign investment protection agreement

2009-11-09 00:00:00

FE ReportBangladesh and Denmark signed a bilateral investment protection agreement aiming at protecting and promoting foreign investment between the two countries.According to Danish Embassy website information posted Sunday, the agreement will be an important foundation for the future cooperation between...

BRAC Bank starts operation for automated clearing today

2009-11-09 00:00:00

FE ReportBRAC Bank will start Systems Integration Testing or SIT with Bangladesh Bank for the Bangladesh Automated Clearing House (BACH) today (Monday). Tarique Amin Bhuiyan, CIO of BRAC Bank Ltd disclosed this.BACH is a Project of Bangladesh Bank funded by...

MTBL signs deal on green project with BB

2009-11-09 00:00:00

Mutual Trust Bank Limited (MTBL) has recently signed a participation agreement with Bangladesh Bank (BB) on refinancing of sustainable energy projects, the bank said in a statement. MTBL Managing Director Anis A Khan and BB Executive Director Md Abul Quasem...

US Trade Show in February

2009-11-09 00:00:00

FE Report The 19th annual US Trade Show 2010 will be held between February 18 and 20 next at the Dhaka Sheraton Hotel in the city. The three-day event is the premier trade show in Bangladesh, US products will be...