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Matters of grave concern

2009-09-16 00:00:00

Shamsher ChowdhuryI am not against government's efforts in conserving power at the backdrop of the ongoing power crisis. But this business of officially declaring a dress code for staff of the Secretariat and tagging it as a measure for energy...

HR development through moral filtering

2009-09-16 00:00:00

The business world seeks efficient and effective manpower but the real problem arises when the businesses witness the fall of the quality of their manpower. The basic reason for this is the erosion of moral values. The problem arises when...

Few steps to address the country's major problems

2009-09-16 00:00:00

Load shedding, traffic jam and terrorism are few of the major problems in our country. In order to get rid of these problems, the following steps may be taken by the government immediately:a) Load shedding can be reduced by prohibiting...

Work for better performance on the night of the Shab-e-Qadr

2009-09-16 00:00:00

The following should be performed better on the night of 'Shab-e-Qadr' (a night better than thousands of nights):-- Taking bath in the evening with a view to performing prayers (if possible).-- Saying 'Laa-hawla wala kuata illa billah' 40 times during...

HIGHLIGHTS

2009-09-16 00:00:00

Kis Desh Me Hai Mera DilOn STAR Plus Wednesday, at 4-00 pm.This story is about two friends Balraaj Maan and lalit juneja who used to stay together in Ambala (Punjab)…this story is about their children Heer and prem who fall...

Priyanka, Katrina to fight for youth icon award

2009-09-16 00:00:00

MUMBAI, Sep 15: Bollywood's leading ladies Priyanka Chopra and Katrina Kaif are set to battle it out to be India's youth icon.The two actresses, along with actor-filmmaker Farhan Akhtar as well as superstar Hrithik Roshan have been nominated in the...

Aamir, SRK special for me: Rani

2009-09-16 00:00:00

MUMBAI, Sep 15: Bollywood actress Rani Mukerji says she was delighted to see Aamir Khan and Shah Rukh Khan (SRK), 'two special people' in her life, on the first day of shooting of her film 'Dil Bole Hadippa'.Films studios at...

Indian stocks rise to 15-month high

2009-09-16 00:00:00

MUMBAI Sept. 15 (Bloomberg): Indian stocks rose to a 15-month high. DLF Ltd. led gains as investors judged declines as excessive. Mahindra & Mahindra Ltd. climbed on a report it will make sports utility vehicles for overseas markets.DLF, the biggest...

US stocks gain, sending S&P 500 to highest in almost a year

2009-09-16 00:00:00

NEW YORK Sept. 15 (Bloomberg): US stocks rose, sending the Standard & Poor's 500 Index to its highest level in almost a year, as gains in utility, industrial and financial shares helped the market overcome an early slump.Avery Dennison Corp.,...

Sugar mills in India 'miss bus' on imports, to buy raw locally

2009-09-16 00:00:00

NEW DELHI, Sept. 15 (Bloomberg): Sugar mills in Maharashtra, India's biggest producer, will purchase raw sugar locally to cut delays involved in importing the commodity as a shortage of sugar cane threatens to lower output for a second year.Mills may...

Rice production to miss forecast on India drought

2009-09-16 00:00:00

NEW YORK, Sept. 15 (Bloomberg): Rice output in India, the world's second-biggest producer, will decline 7 per cent more than forecast next year because of a drought in the main growing regions, the US Foreign Agricultural Service said.Production will be...

KSE to invite fresh bids for broker licenses

2009-09-16 00:00:00

KARACHI, Sept. 15 (Bloomberg): Karachi Stock Exchange, Pakistan's biggest, plans to invite fresh bids for two brokerage licenses after it failed to receive sufficient interest."We didn't receive substantial bids," Anita Mirza, spokeswoman for the exchange, said by telephone from Karachi...

Coffee prices to extend rally

2009-09-16 00:00:00

CHICAGO, Sept. 15 (Bloomberg): Coffee prices may rise in the short term to the highest level since Aug. 10 because futures are poised to top so-called resistance, said Nicholas S. Hayman, a senior trader at LaSalle Futures Group in Chicago.On...

UK stocks fluctuate, BT group, Amec advance, Smiths declines

2009-09-16 00:00:00

LONDON, Sept. 15 (Bloomberg): UK stocks fluctuated between gains and losses a year after the collapse of Lehman Brothers Holdings Inc.BT Group Plc, Britain's largest telephone company and Amec Plc gained more than 2.6 per cent after analysts recommended the...

Dollar claws back in Asia

2009-09-16 00:00:00

TOKYO, Sept 15 (AFP): The dollar rebounded slightly in Asian trade today, getting a modest boost against the yen after outgoing Finance Minister Kaoru Yosano said rapid swings in currency rates were undesirable. The dollar rose to 91.10 yen in...

Formosa Plastics plans huge Vietnam port

2009-09-16 00:00:00

TAIPEI, Sept 15 (AFP): Taiwan's leading industrial conglomerate Formosa Plastics plans to build one of Southeast Asia's biggest deepwater ports as part of a multi-billion-dollar project in Vietnam, an official said today. The port will be sited near a steel...

Flower business gaining popularity in Rangpur

2009-09-16 00:00:00

Our CorrespondentRANGPUR, Sept 15 : Flower business is gaining popularity in Rangpur district and the business is going on in full swing here.According to sources over ten thousand people of the district earn their livelihood from flower business by producing,...

India seeks brains to crack coconut conundrum

2009-09-16 00:00:00

MUMBAI, Sept 15 (AFP): It's a question that has left the best minds in India scratching their heads: how to harvest the coconut crop when no one either wants or knows how to climb trees any more. But officials in...

Toyota says European demand won't recover till mid-2010

2009-09-16 00:00:00

FRANKFURT, Sept 15 (AFP): Japanese automaker Toyota expects its European market share to improve in the second half of the year but demand for its cars will not improve before mid- 2010, a top company executive said yesterday. Tadashi Arashima,...

exchange rate

2009-09-16 00:00:00

September 15, Tuesday The following were the commercial banks' rates to public for some selectedforeign currencies with Bangladesh Taka in cash transaction Tuesday.Selling rates to public (outward remittance)BankUSDEuroGBPJPYCHFCADAUDSCBsSonali Bank69.3500101.8897115.52700.769567.359464.349360.0089Agrani Bank69.3500101.6620115.39040.771167.362664.222459.8658FCBsStanChart69.42102.46115.560.8168.2065.6261.08HSBC 69.4035103.3420117.23300.809067.928464.364260.3790Citibank naNANANANANANANABank of Ceylon69.4400103.2045117.75220.797469.005364.776161.8988PCBsUttara Bank69.4500102.4037115.91060.777967.230564.389960.0548AB Bank69.4000103.1895117.41580.7865NANANABuying rates  from public (inward remittance)SCBsUSDEuroGBPJPYCHFCADAUDSonali...

NCC Bank to launch NRB Mutual Fund

2009-09-16 00:00:00

FE ReportAnother close-end mutual fund worth Tk 1.0 billion, sponsored by National Credit and Commerce Bank Ltd, is expected to make debut in the stock markets soon to help broaden the depth of the market.Its board of directors Tuesday decided...

Advisory board meeting of Holcim

2009-09-16 00:00:00

FE ReportHolcim (Bangladesh) Ltd, one of the leading cement companies of the country, recently arranged a meeting of the Advisory Board Members on Holcim Green Built Bangladesh contest at a city hotel."Holcim Green Built Bangladesh" contest is an initiative of...

Dhaka Bank, Mercantile Bank appointed principal agents of Western Union

2009-09-16 00:00:00

FE ReportThe Western Union Company, a worldwide leader in money transfer services, Tuesday announced the signup of two new Principal Agents - Dhaka Bank & Mercantile Bank to offer the Western Union® Money TransferSM service in Bangladesh.Dhaka Bank, an existing...

IBBL opens 201st branch in Ctg

2009-09-16 00:00:00

Islami Bank Bangladesh Limited (IBBL) is the first interest-free bank of the country and it has achieved enormous success in deposit, investment and profit taking welfare-oriented activities to continue this progress.IBBL Managing Director M Fariduddin Ahmad made the comment while...

Slight rise in call money rate

2009-09-16 00:00:00

FE Report The inter-bank call money rate increased slightly on Tuesday as there was rising pressure on cash withdrawal ahead of the Eid-ul-Fitr festival, treasury officials said. "The call money rate moved up further on the day despite injection of...

Waqar Choudhury appointed MD and CEO of GDFSL

2009-09-16 00:00:00

FE ReportWaqar A Choudhury has recently been appointed the Managing Director and CEO of Green Delta Financial Services Ltd. (GDFSL), a subsidiary of Green Delta Insurance Co. Ltd. GDFSL presently having the brokerage operation, targets to become a full service...

Commercial output at S Alam Sugar Mills

2009-09-16 00:00:00

Our CorrespondentChittagong, September 15: A new venture in the private sector will add 1200 metric tones of sugar a day as S Alam Refined Sugar Mills went into commercial production this afternoon.City mayor Alhaj ABM Mohiuddin Chowdhury formally inaugurated the...

BSTI testing should be of high standard: Indian envoy

2009-09-16 00:00:00

FE ReportIndian High Commissioner Pinak Ranjan Chakravarty said Tuesday that the certificates issued by Bangladesh Standards and Testing Institution (BSTI) should be of such high standard that Bangladeshi exportable products would not require further verifications tests.His comments came in the...

Bhuiyan to deal car loan scheme of Premier Bank

2009-09-16 00:00:00

Premier Bank Limited has appointed Bhuiyan and Company an agent of the bank for marketing and recovery of car loan under the bank's Consumer Credit Scheme, said a press release. Initially, Bhuiyan and Co will be allowed a revolving credit...

Asian stocks gain as Yen weakens

2009-09-16 00:00:00

TOKYO, Sept 15 (Reuters): Asian stocks rose, helping the MSCI Asia Pacific Index rebound from its biggest drop in a month, as the weaker yen boosted Japanese exporters.Asian stocks edged up on Tuesday, with markets in South Korea and Taiwan...