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New chairman, vice-chairman of Continental Ins

2009-12-24 00:00:00

Md Musa Meah has recently been re-elected chairman and Tehsin Rashid elected Vice-chairman of Continental Insurance Limited (CIL), according to a press release.This was disclosed at the 96th board meeting of the company held in the city recently.Md Musa Meah...

Pak cotton output to cross 12.5m bales in 09-10

2009-12-24 00:00:00

ISLAMABAD, Dce 23 (Commodity Online): World's fourth largest cotton producer, Pakistan said its output for 2009-10 season is likely to cross 12.5 million bales.According to Pakistan's Agriculture ministry, this was against 11.8 million bales of previous season.Pakistan had earlier estimated...

Demand for good liquoring strong

2009-12-24 00:00:00

Market was quite strong for good liquoring types which held their values but Medium varieties were a touch easier. Clean liquoring poor leaf types were selling dearer but the plainest varieties eased a little. Blenders were again very strong. There...

exchange rate

2009-12-24 00:00:00

December 23, Wednesday The following were the commercial banks' rates to public for some selectedforeign currencies with Bangladesh Taka in cash transaction Wednesday.Selling rates to public (outward remittance)BankUSDEuroGBPJPYCHFCADAUDSCBsSonali Bank69.450099.5658111.16110.765366.606866.095961.2750Agrani Bank69.3500102.6051111.16000.794267.597065.992162.6260FCBsStanChart69.50106.77117.300.8371.8367.7965.84HSBC 69.5555100.7641112.69270.791566.965266.183961.6995Citibank naNANANANANANANABank of Ceylon69.5400101.2529114.59760.789768.688366.247563.9073PCBsUttara Bank69.500099.9633111.38680.773066.361666.082961.2216AB Bank69.5500101.2422112.76240.7774NANANABuying rates  from public (inward remittance)SCBsUSDEuroGBPJPYCHFCADAUDSonali...

Nepal Maoists demand unity government in a month

2009-12-24 00:00:00

KATHMANDU, Dec 23 (AP): Nepal's opposition Maoists on Tuesday set a one-month deadline for the formation of a national unity government and vowed to launch an indefinite strike if their demand was not met.The ultra-leftists won elections last year, after...

Weapons-carrying cargo plane headed for Sri Lanka

2009-12-24 00:00:00

BANGKOK, Dec 23 (AP): A plane seized in Bangkok with a cache of North Korean weapons wasn't headed to Iran, a senior Thai police official said Wednesday, contradicting a report from arms trafficking experts.Separately, the five-man crew insisted their final...

Russia to deliver 20 MiG fighters to Myanmar

2009-12-24 00:00:00

MOSCOW, Dec 23 (AFP): Russia has signed a contract to deliver 20 MiG-29 fighter planes to military-run Myanmar, the daily Kommersant reported Wednesday. The contract was signed a few weeks ago and came to nearly 400 million euros (570 million...

Iraqi general assassinated

2009-12-24 00:00:00

BAGHDAD, Dec 23 (AFP): A senior Iraqi army officer has been shot dead in front of his home west of Baghdad, an interior ministry official said on Wednesay. Brigadier General Riad Abdel Majid, an inspector for the defence ministry, "was...

India tightens tourist visa rules

2009-12-24 00:00:00

NEW DELHI, Dec 23 (AFP): India has tightened its rules for long-term tourist visas in a move that will hit thousands of foreigners living in the country or planning lengthy stays, a foreign ministry official said Wednesday. Under previous rules,...

Japan delays decision on US bases

2009-12-24 00:00:00

WASHINGTON, Dec 23 (AFP): Japan's Ambassador to the United States, Ichiro Fujisaki, has told US Secretary of State Hillary Clinton that his country needs more time to decide on the future of US military bases in Japan. "I think the...

US grumbles over Afghanistan cabinet reshuffle

2009-12-24 00:00:00

WASHINGTON, Dec 23 (AFP): The United States reacted cautiously on Tuesday to Afghan President Hamid Karzai's newly selected cabinet, saying it would only work with ministers who worked efficiently and without corruption. "We like many of the choices that he's...

Prince William experiences being homeless

2009-12-24 00:00:00

BEIJING, Dec 23 (Xinhuanet): British Prince William slept a night on a London street for experiencing the situation of being homeless, according to news reports on Wednesday. The prince spent the night in a sleeping bag next to rubbish bins...

news digest

2009-12-24 00:00:00

Colombia finds body of kidnapped governor BOGOTA, Dec 23: The body of a kidnapped governor was found riddled with bullets Tuesday, hours after Colombian President Alvaro Uribe launched a massive operation to rescue him from Marxist rebels. Caqueta Governor Luis...

Premium earning of pvt life ins cos marks 23.34 per cent growth

2009-12-24 00:00:00

FE ReportThe total premium earning from private sector life insurance companies rose from Tk. 29,165.10 million in 2007 to Tk. 35,974.52 million in 2008 registering a growth of 23.34 percent. On the other hand, the gross premium income of private...

HSBC tops ‘09 carbon disclosure project

2009-12-24 00:00:00

FE Report HSBC has been rated number one in the financial sector and third overall in the 2009 Carbon Disclosure Project (CDP). The CDP promotes awareness of business implications of climate change by encouraging the world's leading companies to disclose...

DSE asks 50 cos to clarify submitted financial accounts

2009-12-24 00:00:00

Kayes M SohelThe Dhaka Stock Exchange (DSE) has recently asked around 50 companies to clarify their submitted financial accounts in order to calculate their price-earning (PE) ratio on the basis of which credit might be disbursed by the lenders.The move...

Survey to net new taxpayers moving at a snail's pace

2009-12-24 00:00:00

Doulot Akter MalaDoor-to-door survey to net 0.4 million new tax-payers is moving at a snail's pace due to manpower shortage in the NBR as the authority has failed to recruit tax officials or outsource the activity in the first half...

EBL, ADB sign revised deals under TFFP

2009-12-24 00:00:00

Eastern Bank Limited (EBL) and Asian Development Bank (ADB) have signed revised agreements under the Trade Finance Facilitation Programme (TFFP) in the city recently, said a press release. ADB's Country Director for Bangladesh Resident Mission Paul J Heytens and EBL...

Tk 52.72b plan to start train service from first day

2009-12-24 00:00:00

Munima SultanaThe Bangladesh Railway (BR) has taken an ambitious programme at a cost of Tk 52.72 billion (5,272 crore) to start train service between Dhaka and Jessore through the Padma multi-purpose bridge from the first day.Officials said in the first...

AB Bank opens 75th branch in Sirajganj

2009-12-24 00:00:00

AB Bank Limited opened its 75th branch in Sirajganj Tuesday, according to a press release . AB Bank President and Managing Director Kaiser A Chowdhury inaugurated the new branch. Deputy managing directors of the bank Faruq M Ahmed, Shamim Ahmed...

DCCI holds workshop

2009-12-24 00:00:00

FE Report A training programme on Environmental Auditing, organised by Dhaka Chamber of Commerce and Industry (DCCI) in cooperation with GTZ under its project on the Promotion of Social and Environmental Standards in SME, was held at DCCI auditorium in...

Bank Asia opens 30th branch at Ishwardi

2009-12-24 00:00:00

Bank Asia Limited opened its 39th branch on Station Road, Ishwardi in Pabna district Monday. Vice Chairman of the bank AM Nurul Islam inaugurated the branch, said a press release. Bank Asia Director Mashiur Rahman and President and Managing Director...

Pubali Bank opens 379th branch in Sylhet

2009-12-24 00:00:00

FE ReportPubali Bank Limited has recently opened its 379th branch at Shahgoli Bazar in Sylhet to provide modern banking services in the region, said a press release. Pubali Bank board of directors Chairman Hafiz Ahmed Mazumder inaugurated the branch as...

Southeast Bank opens 7th SME Service Centre in Feni

2009-12-24 00:00:00

Southeast Bank Limited expanded its network by opening its 7th SME Service Centre at Sonagazi in Feni Monday, according to a press release.Southeast Bank Limited Senior Executive Vice President and Head of Information Technology Division SM Mainuddin Chowdhury inaugurated the...

Food price rise hits the poor

2009-12-24 00:00:00

Sheikh Shahariar ZamanPrices of food for poor people increased sharply in the last one month, pushing them more on the verge of vulnerability. Expectation and supply disruptions are the main causes of the price rise, said economists.Coarse rice price increased...

Delwar asks govt to consult BNP chief on major national issues

2009-12-24 00:00:00

BNP Secretary General Khondoker Delwar Hossain has asked the government to consult Leader of the Opposition Khaleda Zia in taking steps on national issues, failing which the party along with the people will stand against any step that harms country's...

PM for skilled, disciplined and strong armed forces

2009-12-24 00:00:00

Prime Minister Sheikh Hasina Tuesday expressed her firm conviction to maintain skilled, disciplined and strong armed forces in the country in future to safeguard national independence and sovereignty, reports BSS. The Prime Minister expressed the view while addressing the 11th...

EC to publish updated DCC voters' list on Feb 3

2009-12-24 00:00:00

The Election Commission (EC) will publish the updated voters' list on February 3, ahead of the Dhaka City Corporation (DCC) elections, an election commissioner said in the city Wednesday, reports bdnews24.com. Chief Election Commissioner (CEC) ATM Shamsul Huda has already...

Govt plans to raise tax on tobacco products

2009-12-24 00:00:00

FE ReportHealth and Family Welfare Minister Prof Dr AFM Ruhal Haque Tuesday said the government is planning to increase tax on tobacco products, especially on 'bidi', so that supply and consumption of these harmful stuffs can be reduced significantly."It is...

Sajeda reiterates govt vow to try war criminals

2009-12-24 00:00:00

Deputy Leader of the House Syeda Sajeda Chowdhury MP said Wednesday that the government was committed to trying the war criminals to fulfil aspirations of the liberation war martyrs. She said that the trial of the war criminals and the...