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Dealing with quacks

2009-09-14 00:00:00

QUACKS who falsely claim themselves to have special knowledge and skills in medicine are found in the busy streets, railway stations, terminals etc., selling their medicine. They are, indeed, very popular among the illiterate people. By songs, convincing lectures or...

Why Bangladesh needs more credit rating agencies

2009-09-14 00:00:00

Jamaluddin Ahmed PhD, FCABangladesh, being a small country and having the lowest indicators in the report of Transparency International in terms of corruption, political instability and low and poor infrastructure, is still defined as one of the fastest growing economy...

If the government becomes the lawbreaker!

2009-09-14 00:00:00

Gopal SenguptaThe Indian Foreign Minister and his Junior had to quit five star hotels in New Delhi respectively over a controversy on their costly living. The two Indian ministers had spent 0.1 million (1.0 lakh) Indian rupees each daily for...

Baul Samrat Shah Abdul Karim left his body

2009-09-14 00:00:00

Maswood Alam KhanSHAH Abdul Karim, after his heart throbbed for long 93 years, found his body too fragile to dwell inside and left this planet on September 12 morning for eternal rest in the other world after years of his...

HIGHLIGHTS

2009-09-14 00:00:00

Everybody Loves RaymondOn STAR World Monday at 9:30 pm This "movie" gave a great overview of "Everybody Loves Raymond" over the years and gave us a little bit of insight into the cast. It also explains why they expected to...

Karachi stocks see mixed trend, index rises 56 points

2009-09-14 00:00:00

KARACHI, Sept 13: The Karachi stock market witnessed intense buying activities during the week as foreign investors continued to buy shares of blue chips like those of oil, banks and fertilizer sectors,according to Daily Times.The Karachi Stock Exchange (KSE) 100-share...

Reliance's $5.7 billion debt cost rising on gas delay

2009-09-14 00:00:00

MUMBAI, Sept. 13 (Bloomberg): Reliance Industries Ltd. said its cost of paying about 280 billion rupees ($5.7 billion) of debt raised to develop India's biggest gas field is increasing after it capped output waiting for the government to find new...

Emerging-market stocks advance most since July on BRIC growth

2009-09-14 00:00:00

NEW YORK, Sept. 13 (Bloomberg): Developing-nation stocks climbed, sending the MSCI Emerging Markets Index to its biggest weekly gain since July, on signs the economies of Brazil, Russia, India and China are emerging from the global recession faster than investors...

Saudi Arabian stocks advance

2009-09-14 00:00:00

RIYADH, Sept. 12 (Bloomberg) -- Saudi Arabian stocks rose, following a rally in emerging market stocks yesterday, paced by gains in Saudi Basic Industries Corp, the world's biggest chemicals maker.The Tadawul All Share Index added 1.3 per cent to 5,786.05...

Sensex may be volatile

2009-09-14 00:00:00

MUMBAI, Sept 13 (PTI): The Bombay Stock Exchange's benchmark Sensex, which raced past the 16,000-mark, may see some volatility which may not be worrying, as the index would bounce back because of a positive trading sentiment."There is going to be...

Asia faces asset bubble risks from global stimulus, says Fosler

2009-09-14 00:00:00

SINGAPORE, Sept. 13 (Bloomberg): Asia faces greater risks from asset bubbles caused by global stimulus than from threats to economic growth, said Gail Fosler, president of the Conference Board.Governments need to be vigilant of the money flowing into their economies...

Sugar prices fall on speculation

2009-09-14 00:00:00

NEW YORK, Sept. 13 (Bloomberg): Sugar futures fell on speculation that major consuming countries will slow purchases after prices surged. Coffee jumped to the highest in three weeks.Countries including Egypt canceled plans to import the sweetener, driving prices down as...

Cotton rises to four-week high

2009-09-14 00:00:00

NEW YORK, Sept. 13(Bloomberg): Cotton futures advanced to a four- week high on signs that demand may rise as the economy expands in China, the world's largest fiber consumer.Industrial production in China, also the largest cotton producer, climbed more than...

Eid shopping gaining momentum

2009-09-14 00:00:00

Our CorrespondentJOYPURHAT, Sep 13: With over a week left for Holy Eid-ul-Fitr, the Eid shopping has gained momentum here.At the beginning of Ramadan, the shop-owners saw little gathering of customers but now these are changing. Now the rush of customers...

Soybeans drop to seven-week low

2009-09-14 00:00:00

NEW YORK, Sept. 13(Bloomberg): Soybeans fell to a seven-week low after the US government said farmers will harvest a record crop this year and stockpiles will rise.Production will reach an estimated 3.245 billion bushels, up 1.4 per cent from 3.199...

Saudis lose out to Russia in oil cuts

2009-09-14 00:00:00

LONDON, Sept 13 (AFP): Saudi Arabia sacrificed billions of dollars in revenues this year by cutting oil output to prop up the price of crude, only to see Russia snatch a bigger chunk of the market, analysts say. Now the...

Frankfurt auto show aims to pull away from crisis

2009-09-14 00:00:00

FRANKFURT, Sept 13, 2009 (AFP): The Frankfurt motor show, known as the IAA and which takes place from September 17-27, aims to make consumers forget the auto sector crisis with a wave of new models, in particular electric ones. "The...

exchange rate

2009-09-14 00:00:00

                      September 13, Sunday The following were the commercial banks' rates to public for some selectedforeign currencies with Bangladesh Taka in cash transaction Sunday.Selling rates to public (outward remittance)BankUSDEuroGBPJPYCHFCADAUDSCBsSonali Bank69.3500101.6179115.97190.772867.190564.683860.1622Agrani Bank69.3500101.4123115.88270.775167.136364.631959.9629FCBsStanChart69.42102.46115.560.8168.2065.6261.08HSBC 69.3975102.9533116.69840.801167.528764.655260.3512Citibank naNANANANANANANABank of Ceylon69.4400103.0795118.36330.794967.430665.049261.1905PCBsUttara Bank69.4500102.1247116.35000.781167.049164.742560.2082AB Bank69.4000103.4665117.86590.7840NANANABuying rates  from public (inward...

Square Pharma's export rises 59 per cent

2009-09-14 00:00:00

FE ReportThe country's largest drug manufacturer Square Pharmaceuticals Ltd. has registered a whopping 58.28 per cent rise in its export in the year ended March 31,2009."Our exports amounted to Tk 336.34 million during the year as against Tk 212.50 million...

GP signs agreement with CDBL

2009-09-14 00:00:00

Grameenphone Limited signed an agreement with Central Depository Bangladesh Limited (CDBL) at the Grameenphone Corporate Headquarters in the city Thursday, said a press release.Grameenphone Limited Chief Executive Officer (CEO) Oddvar Hesjedal and CDBL Managing Director and CEO Mohammed Habibus Samad...

Optical traders seek govt support to expand business

2009-09-14 00:00:00

FE ReportCountry's optical traders have sought government support including slash in tax to expand the business."We have to pay around 70 per cent tax in different categories including value added tax and supplementary tax and this is really a burden...

Shahjalal Islami Bank shifts Uttara branch

2009-09-14 00:00:00

Shahjalal Islami Bank Limited (SJIBL) has shifted its Uttara branch to new premises at House No. 12, Road No. 14, Sector No. 4 to cope with the increased volume of business and number of customers.Chairman of the bank Engr Md...

SME financing fair next month

2009-09-14 00:00:00

FE ReportAn SME financing fair will be held in the capital next month with a view to help the small and medium enterprises promote their products and convince the financial institutions to invest more in the sector.Dhaka Chamber of Commerce...

Heidelberg Cement helps CDL

2009-09-14 00:00:00

Heidelberg Cement Bangladesh Limited has donated money to Community Development Library (CDL), a non-government development organisation, to run its school Chetona Bikash Kendra (CBK).The company made the donation as part of its Corporate Social Responsibility (CSR) activities.Managing Director of the...

M’sian King stresses boosting Dhaka-KL trade ties

2009-09-14 00:00:00

Malaysian King Sultan Mahmud Al-Muktafi Billah Shah said the Governments of Malaysia and Bangladesh should explore avenues for improving the trade and investment ties between the two countries, reports UNB.Expressing satisfaction on the overall bilateral relations between Bangladesh and Malaysia,...

Assamese conglomerate eyes river route to ship ODC, heavy equipment

2009-09-14 00:00:00

FE Report Brahmaputra Cracker and Polymer Ltd (BCPL), also known as the Assam gas cracker project, is mulling over shipping its 'over dimension consignments' (ODC) and heavy equipment through waterways via Bangladesh.BC Tripathi, chairman and managing director of GAIL Ltd,...

Pakistani entrepreneurs urged to invest in Bangladesh

2009-09-14 00:00:00

President M Zillur Rahman Sunday urged the Pakistani entrepreneurs to invest more in Bangladesh as an investment friendly atmosphere was prevailing in the country, reports UNB."Pakistani investors can invest in Bangladesh in various sectors," he said when outgoing Pakistani High...

Humayun gets Tk 0.1m in Singer's 'Koti Takar Eid'

2009-09-14 00:00:00

Md Humayun Kabir of Laxmipur has won Tk 0.1 million as lucky winner prize of 'Koti Takar Eid' campaign which is going on in all Singer Plus Shops across the country, said a press release. Marketing Director of Singer Bangladesh...

BSCIC autumn fair adds new dimension to Eid market

2009-09-14 00:00:00

A five-day autumn fair organised by Bangladesh Small and Cottage Industries Corporation (BSCIC) has added a new dimension to the Eid market in the city, reports BSS.BSCIC Chairman Asraf Mohammad Iqbal inaugurated the fair as the chief guest at Motijheel...

Sugar price rising in N region

2009-09-14 00:00:00

Our CorrespondentRAJSHAHI, Sept 13: The price of sugar is gradually increasing day by day in the northern region like elsewhere in the country.Sugar is now being sold at the local markets at Tk 56-57 per kilogram, whereas the price was...