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Jute millers poised to get export-credit fillip

2009-12-21 00:00:00

FE ReportBoth government-owned and private banks agreed Sunday to provide export credit at the rate of 8.0 per cent interest to the country's jute millers.The interest rate includes 1.0 per cent service charge in addition to the existing 7.0 per...

NBR's focus on income tax pays dividend

2009-12-21 00:00:00

Doulot Akter MalaThe collection of income tax revenue has marked a significant growth in the first five months of the current fiscal, while two other major revenue earning wings- Customs and Value Added Tax (VAT) lagged behind.The National Board of...

Rickshaw puller in Dhaka earns Tk 6,300 per month: JICA study

2009-12-21 00:00:00

Munima SultanaAn hard working rickshaw puller in the capital earns up to Tk14,000 a month --- eight times the basic minimum wages of a garment worker, a Japanese study on city's transport sector has revealed.Dhaka's half a million rickshaw pullers...

Tawfiq refutes bribe allegation

2009-12-21 00:00:00

FE ReportPrime minister's energy adviser Dr Tawfiq-e-Elahi Chowdhury Sunday refuted the allegation against him and the PM's son Sajeeb Wazed Joy of receiving US $5 million as bribe from Chevron, a US oil and gas company.Speaking at a press conference...

Train tickets thru' SMS from Jan

2009-12-21 00:00:00

Jasim Uddin Haroon Bangladesh Railway will introduce nationwide SMS ticketing system from next month mainly to reduce the sufferings of the passengers, officials said Sunday.Under the new system, travellers need to send short text messages from their cellular phones' messaging...

Azizul Haque College closed after violent clashes

2009-12-21 00:00:00

BOGRA, Dec 20 (bdnews24.com): Authorities closed Government Azizul Haque College in Bogra for an indefinite period following violent clashes between Islami Chhatra Shibir (ICS) and Bangladesh Chhatra League (BCL) activists that left scores injured Sunday. At least 50 activists of...

Hasina leaves Copenhagen for home

2009-12-21 00:00:00

COPENHAGEN (UNB): Prime Minister Sheikh Hasina left for home Sunday afternoon after attending the UN-sponsored global climate-change conference in the Danish capital.She is likely to reach Dhaka this (Monday) afternoon by a flight of the Emirates airlines. Hasina left Dhaka...

Markets seen lackluster, RBI move eyed

2009-12-20 00:00:00

MUMBAI, Dec 19 (Economic Times): The Indian stock market is seen subdued next week, after the key indices breached crucial levels Friday. A curtailed trading week will also make investors wary of taking positions, even at lower levels.Mayank Shah, CEO...

KSE index loses 43.45 points

2009-12-20 00:00:00

KARACHI, Dec 19 (Business Recorder): The Karachi share market Friday posted negative trend and KSE-100 index lost 43.45 points to close at 9,183.73 points from 9,227.18 points. The index hit 9,258.26 points intra-day high and 9,137.28 points low. The market...

GM to shut down Saab, talks with Spyker fail

2009-12-20 00:00:00

DETROIT/STOCKHOLM, Dec 19 (Reuters): General Motors Co said it would begin shutting down its money-losing Saab brand after last-ditch talks to sell it to a small Dutch sports car builder collapsed Friday.The move by GM to abandon the 60-year-old Swedish...

Global food prices soar despite comfortable stocks

2009-12-20 00:00:00

MUMBAI, Dec 19 (Commodity Online): The food prices across the world are skyrocketing vehemently in spite of better stock position. According to UN's Food and Agriculture Organisation (FAO), global Food Price Index moved up sharply for the fourth consecutive month.However...

Oil prices climb on Iran-Iraq border tensions

2009-12-20 00:00:00

NEW YORK, Dec 19 (AFP): Oil prices rose Friday, with markets on edge after news that Iranian forces had seized an Iraqi oil well in a disputed border region. New York's main futures contract, light sweet crude for January, rose...

Brisk business of date juice

2009-12-20 00:00:00

Our CorrespondentGOPALGANJ, Dec 19: The extraction of date juice is going on in full swing in five upazilas of Gopalganj amid a brisk business of the seasonal food item.One kilogramme of quality date molasses is now being sold at Tk...

‘Practising CSR enables businesses’

2009-12-20 00:00:00

FE ReportA workshop on corporate social responsibility (CSR) titled 'People, Profit and Protecting the Planet' was held at the Canadian Recreation Centre at Baridhara in the city Sunday.Robert Beadle, acting Canadian high commissioner in Bangladesh, and Masud Rahman, president of...

Cotton falls as dollar's rebound erodes demand for commodities

2009-12-20 00:00:00

NEW YORK, Dec 19 (Bloomberg): Cotton prices fell to the lowest price in four days as the dollar's rebound eroded demand for commodities as alternative investments.The dollar rose against a basket of six major currencies, extending a rally to a...

Polished diamond exports soar in India

2009-12-20 00:00:00

SURAT, Dec 19 (Commodity Online): This Christmas Surat is all set to have a big bash with good news pouring in from the diamond markets across the globe.Surat, world's biggest diamond polishing hub, has been suffering from the recession impact...

Death toll from suicide attack on Pak mosque rises to 15

2009-12-20 00:00:00

PESHAWAR, Dec 19 (AFP): The death toll from a suicide attack on a Pakistan mosque rose to 15 Saturday after bodies were plucked from the rubble and people succumbed to their injuries, officials said.The bomber rammed a vehicle rigged with...

Zardari convenes Pakistan crisis talks

2009-12-20 00:00:00

ISLAMABAD, Dec 19 (AFP): President Asif Ali Zardari chaired crisis talks with Pakistan's ruling party Saturday on how to prevent his government unravelling after a court scrapped an amnesty on corruption charges.In a bid to head off what could be...

US Senate closing in on $626b spending bill

2009-12-20 00:00:00

WASHINGTON, Dec 19 (AP): The Senate comes in shortly after a snowy dawn to vote on legislation ensuring that the troops are armed and the jobless don't lose their benefits - and to take one more step toward a Christmas...

Karzai tries to please backers with new Afghan cabinet

2009-12-20 00:00:00

KABUL, Dec 19 (AFP): President Hamid Karzai unveiled his choice of cabinet Saturday, reflecting a need to please all his backers from warlords to Washington and commit to clean government.The names of 23 Karzai nominees for ministerial posts were presented...

Iran ready to test nuke fuel swap offers: FM

2009-12-20 00:00:00

TEHRAN, Dec 19 (AFP): Iranian Foreign Minister Manouchehr Mottaki said Saturday Tehran was ready to examine the West's proposals for a nuclear fuel swap, the official IRNA news agency reported."We are ready to examine proposals by the other side about...

news digest

2009-12-20 00:00:00

Obama returns home after Copenhagen talksWASHINGTON, Dec 19 : US President Barack Obama returned to snow-covered Washington early Saturday after clinching an 'unprecedented' 11th-hour deal on climate change in Copenhagen. Several snowplows cleared the runway as Obama's blue and white...

Sunday

2009-12-20 00:00:00

BTVAm07:00 Announcement, Recitation From The Holy Quran, Programme Outline And The Holy Tripitak Paath07:15 Suvechaa Nin08:00 Morning News08:15 Bishaw Paricroma08:30 Alor Dishari09:00 Sangbad Shironam09:05 Children Drama - Sisimpur09:30 Natun Kuri10:00 The News10:05 Natun Kuri Cont...11:00 Sangbad Shironam11:05 Hello Apnake Bolchi12:15...

Import duty on 18 Bhutanese products to be withdrawn

2009-12-20 00:00:00

Doulot Akter MalaThe government is going to withdraw entire import duty from 18 major exportable products from Bhutan including some industrial raw materials, fresh fruits and spices to boost bilateral trade with the neighbouring country.South Asian department of foreign ministry...

Businesses to be affected

2009-12-20 00:00:00

An abrupt decision by Bangladesh to halt export of all grades of jute may severely hurt the country's exports, notably to Germany, a business leader said on Saturday, reports Reuters.Bangladesh ordered the indefinite ban last week for what officials said...

Saif PowerTech starts operation

2009-12-20 00:00:00

Chittagong OfficeCHITTAGONG, Dec 19: The Saif PowerTech started operation Tuesday under a new contract in Chittagong port. Under the new contract signed with the Chittagong Port Authority (CPA), it is now handling each 20 equivalent unit (TEU) container at the...

Nat'l Bank honours freedom fighters

2009-12-20 00:00:00

FE ReportOn the occasion of the 38th Victory Day, a reception was accorded to the valiant freedom fighters (FFs) of the country by National Bank Ltd at Vedarganj Upazila of Shariatpur district recently. Parveen Haque Sikder, director and chairman of...

Ignoring social sector to impede global development, says expert

2009-12-20 00:00:00

FE ReportThe world will see no development if it fails to address social sector issues such as reproductive health, family planning and population services, warned an international expert Saturday."It is true that the world has lost a sense of urgency...

Jet's Dhaka-Mumbai flight begins Dec 23

2009-12-20 00:00:00

FE ReportIndia's premier international airline Jet Airways will introduce new direct flights on the Mumbai-Dhaka-Mumbai routes from December 23 this year, the company said Saturday. The airline, South Asia's largest carrier by market value, would deploy a Boeing 737-800 aircraft...

Target of remittances set at $30b by 2012

2009-12-20 00:00:00

The government is contemplating launching a Tk 250 million (25 crore) project styled 'Promoting Decent Work through Migration' from July next year to have registration of migrant workers returning home on completion of jobs to utilise their hard-earned experiences and...