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For a liveable Dhaka city, now and in the future

2009-08-20 00:00:00

A paralytic situation was noted in Dhaka city last Tuesday evening after a downpour that lasted several hours. Awful traffic gridlocks for unusually long periods of time, coupled with flooded roads and vehicles moving at crawling speed, made the ones...

For true and lasting peace in the CHT

2009-08-20 00:00:00

Enayet Rasul BhuiyanA peace treaty worthy of its name must be based on reasonable and uniform justice meted out to all the parties involved in it. A treaty superimposed on one side without the wholehearted acceptance of its provisions generally...

Climate Change Poker

2009-08-20 00:00:00

Tarequl Islam MunnaAS the world's environment ministers, government officials, diplomats and campaigners are preparing to attend the 'COP15' conference in Copenhagen in December 2009 to unite in the battle against climate change in one of the most complicated political deals...

Population control deserves priority

2009-08-20 00:00:00

THE projections of population growth of Bangladesh released on the occasion of the last World Population Day are indeed worrisome. Bangladesh population is expected to double almost to 280 million by 2080 and to reach 180 million by 2020, they...

Intervention, where necessary

2009-08-20 00:00:00

A policy of mixed economy is what the government will have to follow. Upholding market economy, the government will have to selectively intervene in the market to get the best results. Businesses should enjoy freedom so long they behave.But when...

Bangladeshi journalist team should visit Tipaimukh dam site

2009-08-20 00:00:00

INDIA should invite the Bangladeshi journalists to visit Tipaimukh dam. Through this dam a wall is being raised, standing on the way of smooth bilateral relations between the two countries It gives a negative signal to both the countries. In...

Bangladesh cricket shows potentials

2009-08-20 00:00:00

Ahmed Khaled Rashid THE crushing series victories of the Bangladesh cricket team in West Indies and Zimbabwe is being celebrated far and wide across the country. The cricketers are expected to get a hero's welcome. Plaudits have been pouring in...

For the attention of Gulshan traffic boss

2009-08-20 00:00:00

THE residents around Road (Lane) No. 126 of Gulshan-1, are facing unbearable traffic congestion beyond description every day right from the morning to late in the evening. The main reason is that there are three schools side by side, UROKID,...

The Tigers roar

2009-08-20 00:00:00

CONGRATULATIONS Bangladesh cricket team. We all love you for your performance. After whitewashing Wendies, Bangladesh won the ODI series against Zimbabwe. This is really historic. It was indeed so good see in the fourth ODI match the Tigers win chasing...

Best of luck, Obama!

2009-08-20 00:00:00

The Nobel Laureate Mohammed Yunus, a renowned Bangladeshi economist and pioneer of micro credit, was conferred upon the Medal of Freedom, the highest US civilian honour, by US President Barack Obama, on Wednesday, August 12.Handing the Medal of Freedom to...

Indian stocks fall on monsoon

2009-08-20 00:00:00

MUMBAI Aug. 19 (Bloomberg): India's benchmark stock index fell after the nation's agriculture minister said farm output may decline because of low monsoon rains. Metal producers declined after their Chinese counterparts plunged. Mahindra & Mahindra Ltd., India's largest tractor maker,...

Jamuna Bank Foundation holds seminar on 'menace of drugs'

2009-08-20 00:00:00

FE Report Jamuna Bank Limited (JBL) Foundation has organised a seminar on 'addressing the menace of drugs' in Rajshahi recently.JBL Chairman Sakhawat Abu Khair Mohammad formally inaugurated the seminar as the chief guest with JBL Foundation Chairman Nur Mohammad in...

Gold falls in London as stronger dollar curbs investment demand

2009-08-20 00:00:00

LONDON, Aug. 19 (Bloomberg): Gold fell in London as a stronger dollar curbed demand for the precious metal as an alternative investment. Silver dropped to the lowest price this month. The U.S. Dollar Index, a six-currency gauge of the greenback's...

Karmasangsthan Bank holds managers' confce

2009-08-20 00:00:00

Karmasangsthan Bank held the managers' conference of Dhaka and Mymensingh regions of the bank at Horticulture Research Centre, BARI in Gazipur Monday. General Manager (operation) Md Dilwar Hossain Bhuiyan presided over the conference, said a press release. Managing Director of...

Corn, Soybeans fall on favourable US crop development weather

2009-08-20 00:00:00

SINGAPORE Aug. 19 (Bloomberg): Corn and soybeans dropped, reversing earlier gains on speculation that favorable weather will lift U.S. crop yields and after the dollar stemmed declines. Warm temperatures and mostly adequate soil moisture favors developing corn and pod setting...

China stocks slump, briefly enter bear market on loan concern

2009-08-20 00:00:00

SHANGHAI, Aug. 19 (Bloomberg): China's stocks tumbled, briefly driving the benchmark index into a so-called bear market, on concern economic growth will falter as banks rein in lending. The Shanghai Composite Index lost 4.3 per cent to 2,785.58, as Citic...

Asian economies outpace US, Europe on growth track

2009-08-20 00:00:00

SINGAPORE, Aug 19 (AFP): Asia is outpacing the United States and Europe in the rebound from the global economic slump, thanks to multi-billion dollar stimulus packages and robust demand from China, analysts said. Second-quarter indicators showed the region's recession-hit economies...

Pakistan gives employees 12pc stake in oil, gas

2009-08-20 00:00:00

ISLAMABAD Aug. 19 (Bloomberg): Pakistan gave the employees of Oil & Gas Development Co., the biggest company by market value, a 12 per cent stake in the state-owned fuels explorer as part of the government's asset-sale plan. "This plan will...

Commodity Future

2009-08-20 00:00:00

 London Market-Wednesday Energy                                    PRICE             CHANGE            %CHANGE    BRENT CRUDE FUTR            71.870             -0.500              -0.69    GAS OIL FUT (ICE)               588.750          6.500               1.12 GASOLINE RBOB FUT            197.720          -2.300              -1.15 HEATING OIL FUTR            184.320          -2.180             ...

Oil back near $70 in Asian trade

2009-08-20 00:00:00

SINGAPORE, Aug 19 (AFP): Oil surged back near 70 dollars in Asian trade today on better retail sales in the United States and bargain-buying following recent price falls. New York's main futures contract, light sweet crude for delivery in September,...

BKB holds clients' get-together

2009-08-20 00:00:00

BRAHMANBARIA, Aug 19: Bangladesh Krishi Bank (BKB) Nurpur Bazar branch of Sadar Upazila organised a clients' get-together at Pattan Union Parishad office premises Tuesday.BKB Deputy General Manager (DGM) and Chief Regional Manager for Brahmanbaria Md Ali Hossain was present at...

'Superpower' Australia inks massive energy deal with China

2009-08-20 00:00:00

SYDNEY, Aug 19 (AFP): Australia touted itself as a "global energy superpower" after shrugging off diplomatic tensions with China to sign a record 41.3 billion US dollar resources deal. In Australia's biggest ever trade agreement, PetroChina ordered 2.25 million tonnes...

Buyers hold lower limits

2009-08-20 00:00:00

There was a little more interest in the market but the buyers held lower limits whereby prices declined further. Blenders lent a fairly good support and there was also some interest from Loose tea buyers. Among the Export buyers Pakistan...

Global economic crisis hits Indian overseas investments

2009-08-20 00:00:00

NEW YORK, August 19 (PTI): On an overseas acquisition spree over the past few years, Indian companies, have suddenly become wary of making investments in foreign companies as a result of the current global economic crisis, a Columbia University report...

Prices may go up due to erratic monsoon: RBI

2009-08-20 00:00:00

NEW DELHI, Aug 19 (PTI): The Reserve Bank of India yesterday said that prices this year are likely to go up because of the erratic monsoon. "The expectation is that the erratic monsoon may put pressure on inflation," RBI Deputy...

Myanmar to auction confiscated private bank properties

2009-08-20 00:00:00

YANGON, Aug. 19 (Xinhua): The Myanmar authorities will auction properties confiscated from a closed major private bank, the Myanmar Universal Bank (MUB), the local Myanmar Newsweek reported yesterday. The MUB, along with two other major private banks, was sealed by...

Metal Prices at New York Market-Wednesday

2009-08-20 00:00:00

CopperBid/Ask            2.6791                        -2.6836 Change            -0.0476            -1.75% Low/High            2.6677                        -2.7675 Nickel            Bid/Ask            8.3741                        -8.4194 Change            -0.1043            -1.23% Low/High            8.2765                        -8.7279 AluminumBid/Ask            0.8637                        -0.8660 Change            -0.0181            -2.06% Low/High            0.8592                        -0.8932 ZincBid/Ask            0.7967                        -0.8013 Change            +0.0000           ...

Commodity Prices forecast at London Market-Wednesday

2009-08-20 00:00:00

Commodity                         Last            Exchange            WTI Light Crude            68.8300            ICE            Brent Crude                        71.7600            ICE RBOB Gasoline            2.0002y            ICE Heating Oil                        1.8500                        ICE Nat Gas (NBP)            22.6000            ICE Soybeans                        982'4                        CME Robusta Coffee            1365.00            NYSE Cocoa...

Green Delta Ins, LR Global deal today

2009-08-20 00:00:00

FE ReportGreen Delta Financial Services, a brokerage house, will be renamed Green Delta LR Financial Services Ltd as it will exchange certain portion of shares with the New York- based LR Global Bangladesh Assets Management Company Ltd.The brokerage house, a...

BTA holds AGM

2009-08-20 00:00:00

The 49th annual general meeting (AGM) of Bangladesh Tea Association (BTA), also known as 'Bangladeshiyo Cha Sangsad (BCS)', was held in Chittagong Tuesday.Association's Chairman M Salman Ispahani presided over the meeting, said a press release.The chairman expressed his gratitude to...