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Futures open interest decline 47pc

2009-12-15 00:00:00

KARACHI, Dec 14 (Business Recorder): The open interest at the futures counter decreased by a massive 46.7 per cent on week-on-week basis to Rs 51 million. The futures spreads also declined to settle at a level of 1.19 per cent...

India's gold retailers jump on the 'brandwagon'

2009-12-15 00:00:00

NEW DELHI, Dec 14 (AFP): Indians, the world's biggest buyers of gold, are increasingly opting for branded jewellery, attracting franchisers and foreign groups like Cartier at the expense of traditional retailers. Traditionally, most Indians would go to their small family...

National Youth Day celebrated

2009-12-15 00:00:00

Our CorrespondentGOPALGONJ, Dec 14: Youth Development Directorate (Jubounnayan Adhidoptor) organised a cheque distribution programme on the occasion of National Youth Day at DC office auditorium in Gopalgonj recently.Deputy Commissioner (DC) Sheikh Yousuf Harun was present as the chief guest while...

Landport at Chilahati demanded

2009-12-15 00:00:00

Our CorrespondentNILPHAMARI, Dec 14: Speakers at a seminar organised by the NGO "Sushasoner Jonno Prochar Ovijan" here recently urged the government to implement their demands including immediate establishment of Chilahati Land Port in Domar Upzila in Nilphamari district, gas supply...

New office-bearers of BGFCOWA

2009-12-15 00:00:00

Our CorrespondentBRAHMANBARIA, Dec 14 : Md Mujibur Rahman and Dr Ahmad Al Mamun have been elected President and General Secretary respectively of Bangladesh Gas Fields Company Officers' Welfare Association (BGFCOWA) for the term 2010-2011.The election was held in the annual...

Iraq's second global oil auction ends

2009-12-15 00:00:00

BEIJING, Dec 14 (Commodity Online): Second global auctions for Iraqi oil fields ended with more global players winning various oil fields in the war torn country.China's CNPC led consortium that include France's Total and Malaysia's Petronas have won the exploration...

exchange rate

2009-12-15 00:00:00

December 14, Monday The following were the commercial banks' rates to public for some selectedforeign currencies with Bangladesh Taka in cash transaction Monday.Selling rates to public (outward remittance)BankUSDEuroGBPJPYCHFCADAUDSCBsSonali Bank69.4500102.2111112.92260.792867.593765.877563.3480Agrani Bank69.3500102.6051111.16000.794267.597065.992162.6260FCBsStanChart69.50106.77117.300.8371.8367.7965.84HSBC 69.5915103.7514114.74820.833967.986865.979063.8329Citibank naNANANANANANANABank of Ceylon69.5900103.6986115.73770.816869.541366.402765.5051PCBsUttara Bank69.4500103.2480113.72040.802867.780966.148363.8422AB Bank69.5500104.5525115.14980.8070NANANABuying rates  from public (inward remittance)SCBsUSDEuroGBPJPYCHFCADAUDSonali...

‘SMEs should take full advantage of Dutch govt’s pvt sector offer’

2009-12-15 00:00:00

FE ReportThe country's cash-starved small and medium entrepreneurs should take full advantage of the opportunities offered by the Dutch government's private sector development support programmes, speakers at a seminar said Monday.They made the call at a seminar on 'Business to...

Submarine Cable Company to go public

2009-12-15 00:00:00

FE ReportBangladesh Submarine Cable Company Ltd (BSCCL) has approved a dividend of 10 per cent for the year 2008-09, a press release said Monday.The decision came at the first Annual General Meeting of the company held in the city recently....

Customers are nucleus of all our business decisions: Warid CCO

2009-12-15 00:00:00

FE ReportThe business mandate of Warid Telecom is centred on the philosophy of customer-centricity. "Customers are the nucleus of all our business decisions. For example, the simple insight that people are different, their needs are different have shaped the development...

Salman new president of listed cos' assoc

2009-12-15 00:00:00

Mr. Salman F Rahman, Vice Chairman of Beximco Group and Mr. AKM Azizur Rahman, Managing Director of Sonargaon Textiles Limited have been elected as the president and vice president respectively of the Bangladesh Association of Publicly Listed Companies for the...

Katalyst, BCPA sign MoU on crop protection techniques

2009-12-15 00:00:00

Katalyst, a market development project implemented by Swisscontact and GTZ International Services signed a memorandum of understanding (MoU) with Bangladesh Crop Protection Association (BCPA) on Monday in the city to promote appropriate crop protection techniques.Katalyst General Manager James Blewett and...

Furniture makers to help build career in business

2009-12-15 00:00:00

FE ReportThe country's furniture makers said Monday that they would set up a training institute on 10 bigha land near the capital for those who are interested to build their career in furniture business.Bangladesh Furniture Industries Owners Association (BFIOA) president...

ICB AMCL declares NAV of six unit funds

2009-12-15 00:00:00

The ICB Asset Management Company Limited (AMCL), a subsidiary of Investment Corporation of Bangladesh (ICB), has declared the net asset values (NAV) of its six unit funds, said a press release.ICB AMCL First Mutual Fund: The total NAV of ICB...

Rupantarita Gas earns Tk 988.2m net profit

2009-12-15 00:00:00

FE Report Rupantarita Prakritik Gas Company Limited (RPGCL), a sister concern of Petrobangla, earned Tk 988.2 million net profit for the fiscal 2008-09, which was 63.89 per cent higher than that of the previous year. This was disclosed at the...

BCB arranges exhibition cricket match to mark Victory Day

2009-12-15 00:00:00

Bangladesh Cricket Board (BCB) is organising an exhibition cricket match at the Dhanmondi Cricket Stadium on December 16 marking the Victory Day, reports UNB.Shaheed Jewel XI will face Shaheed Mushtaque XI in the V-Day exhibition cricket match, being held on...

Yousuf helps Pakistan claim lead

2009-12-15 00:00:00

This chameleon game changed character yet again late on the fourth day. Mohammad Yousuf was serenely moving towards what seemed an inevitable hundred when he fell to crack open the game to several thrilling possibilities, according to website cricinfo. New...

BDR wins against BSF in friendly volleyball match in Meghalaya

2009-12-15 00:00:00

SHERPUR, Dec 14 (UNB): Bangladesh Rifles beat Indian Border Security Force (BSF) by 2-1 set in a friendly volleyball match at Dhalu Stadium in Indian state of Meghalaya Monday.A 50-member team led by Mymensingh BDR sector commander Col Mahbub visited...

Victory Day Hockey begins Tuesday

2009-12-15 00:00:00

The six-team Victory Day Hockey Tournament organized by Bangladesh Hockey Federation begins today (Tuesday) at the Moulana Bhasani National Hockey Stadium in the city, reports UNB Secretary of National Sports Council Shafique Anwar will inaugurate the meet in the afternoon.Six...

BSJA selects Maldives skipper Ashfag as best player

2009-12-15 00:00:00

Bangladesh Sports Journalists' Association (BSJA) have selected Maldives skipper Ashfag Ali as the best player of Bangabandhu 6th SAFF Championship tournament that concluded Sunday, reports UNB.BSJA general secretary Rafiqul Islam handed over the best player trophy to Maldives captain Ashfag...

SL's shot at redemption in a disappointing tour

2009-12-15 00:00:00

After a one-sided Test series and an even Twenty20 contest, during which flat pitches and big bats rendered the spinners ineffective, India and Sri Lanka embark upon a five-match ODI series beginning in Rajkot. Chastened by a 2-0 defeat in...

India shifts venue of Sri Lanka one-dayer

2009-12-15 00:00:00

NEW DELHI, Dec 14 (AFP): India's cricket chiefs Monday changed the venue of the second one-day international against Sri Lanka due to political tension in the coastal city of Visakhapatnam. The match will now take place Friday in Nagpur, which...

Rental power plants and roadshows

2009-12-14 00:00:00

WITH the advent of the winter season, the incidents of power load shedding are otherwise expected to decline because of lower consumption of power in residential houses, offices and market places. The power subscribers who suffer much during summer days...

Market does not need a subservient regulator

2009-12-14 00:00:00

Shamsul Huq ZahidThe Securities and Exchange Commission (SEC), on being instructed by the finance ministry, late last week asked the bourses not to allow companies other than the state-owned ones to be listed under the directing listing regulations. Though the...

Social business for students

2009-12-14 00:00:00

Mirza M Adwit RahmanSOCIAL business, being promoted by Nobel Laureate, Dr Muhammad Yunus, denotes that money-makers have social responsibilities.Social business stresses upon social service with limited or no profit. Under it, the profit is reinvested in the same business for...

Helping the winter-hit poor

2009-12-14 00:00:00

Every year, we witness in amazement, the poor suffering from severe cold. We often see people lying on the city walkways shivering or villagers dying.Hardly do these inhuman scenes and news affect our conscience. Except some private and organisational initiatives,...

Quality R&D requires enlightened decision-making

2009-12-14 00:00:00

ONE can proceed in one's creativity only on the basis of one's cultural moorings. Science grows indigenously. Understanding requires connecting to a previous experience - a reference point. Suppose you are asked to explain the feelings that you develop if...

Summit on climate change

2009-12-14 00:00:00

THE on-going Copenhagen Summit on climate change, arranged by the Inter-Governmental Panel of Climate Change (IPCC), should seriously address the problems of low-lying countries like Bangladesh.Due to the global warming, caused mostly by the developed nations, the sea level is...

Success depends on implementation

2009-12-14 00:00:00

Allocation of separate lanes for different vehicles, could not, it seems, achieve the objective of easing traffic congestion.The authorities should think twice before introducing anything new. For getting the best result, the authorities must go for effective implementation.Shamim AhmedAzimpur, Dhaka

Streamlining Islamic banking

2009-12-14 00:00:00

Abu Zafar Md. Sheikhul IslamThe Bangladesh Bank, through a circular dated 09 November 2009, has introduced 'Guidelines for Islamic Banking', as a supplementary to the existing banking laws. The guidelines are to be followed by the Islamic banks and conventional...