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US firm wins huge solar power project in China

2009-09-10 00:00:00

WASHINGTON, Sept 9 (AFP): US energy giant First Solar yesterday won a deal to build the world's largest solar power plant in China, aimed at helping mitigate climate change concerns. First Solar will construct the two-gigawatt plant in Ordos City,...

Dollar on backfoot against euro in Asia

2009-09-10 00:00:00

TOKYO, Sept 9 (AFP): The dollar languished close to its 2009 low against the euro in Asia today, weighed down by increased risk taking and speculation about its future role in global trade. The greenback was also lower versus most...

Upbeat OPEC oil men set to hold output steady

2009-09-10 00:00:00

VIENNA, Sept 9 (AFP): OPEC crude producers said they were set to hold output steady at Wednesday's meeting of the cartel, with some hailing a healthy oil market despite a mixed outlook for the world economy. OPEC's production-monitoring committee late...

Auto sales zoom 24 pc in August in India

2009-09-10 00:00:00

NEW DELHI, Sept 9 (BSS): Car sales in August grew a robust 25.5 per cent as companies dispatched more vehicles to dealerships to boost stocks ahead of the demand spurt in forthcoming festive season. Maruti, Hyundai, Tata and Mahindra led...

exchange rate

2009-09-10 00:00:00

September 09, 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 Bank69.3500101.0254114.02540.758766.631764.689859.9810Agrani Bank69.3500100.8783114.88330.761266.618264.649959.7895FCBsStanChart69.42102.46115.560.8168.2065.6261.08HSBC 69.3955102.4673116.59430.798867.190864.744960.3929Citibank naNANANANANANANABank of Ceylon69.4400101.3991115.86340.775867.607865.140761.6697PCBsUttara Bank69.4500101.5456115.24790.766766.504164.742560.0269AB Bank69.4000102.9056116.80640.7697NANANABuying rates  from public (inward remittance)SCBsUSDEuroGBPJPYCHFCADAUDSonali...

ICB AMCL Second Mutual Fund today, Islami Insurance Sept 14

2009-09-10 00:00:00

FE ReportLottery for share allotment of Islami Insurance Bangladesh Limited (IIBL) will be held on September 14 at Bangbandhu International Conference Center at 10:30 am,company sources said.The IIBI, a general insurance based on Islami Shariah, will be the 42nd insurance...

‘SEC to take punitive actions against errant cos’

2009-09-10 00:00:00

FE ReportSecurities and Exchange Commission Chairman Md. Ziaul Haque Khondker Wednesday said a number of listed companies mostly in Z-group are yet to comply with the rules and regulations of the country's capital market. They are yet to reconstruct their...

Five banks’ hire purchase syndication with Protik Ceramic

2009-09-10 00:00:00

Premier Bank along with Prime Bank, Dhaka Bank, Exim Bank and First Security Islami Bank led a Hire Purchase Investment Syndication for Tk 478.70 million with Protik Ceramic Ltd, said a press release.The signing ceremony was held at a city...

UPS Bangladesh wins Best Regional Award 2008

2009-09-10 00:00:00

Air Alliance Ltd, authorized service contractor for UPS in Bangladesh has won 2 outstanding awards out of 3 on "Service Quality Excellence (SQE)"' and on "Volume & Growth" for the year 2008 at a conference organized at the UPS House...

B’desh's 'image problem' a threat to running business in Sweden

2009-09-10 00:00:00

Raihan M ChowdhuryBangladeshi businessmen doing business in Sweden said the country's 'image problem' poses a barrier to strengthen the export base in the European country."Consumers of this country like Bangladeshi products but they are scared of adulteration or sub-standard as...

Bangladesh ranks 20th in list of food shortage risk

2009-09-10 00:00:00

PARIS, Sept 8 (AFP): Most of sub-Saharan Africa and South Asia are facing extreme or high risk of food shortages, according to a ranking of 148 nations obtained by AFP on Monday.The five countries topping the risk list -- Angola,...

GTCL to get new compressor to ease low-pressure crisis

2009-09-10 00:00:00

The government has approved a proposal of Petrobangla to install a gas compressor station at the Gas Transmission Company Ltd (GTCL) system by the US-based oil and gas company Chevron, reports BSS."To ease the gas pressure problem in Dhaka city...

Strategy for two ministerial confces being finalised

2009-09-10 00:00:00

Doulot Akter MalaThe government is finalising its strategy for the forthcoming two ministerial conferences to reap a maximum benefit out of them for the country's sectors affected by the global recession.Least Developed Countries (LDC) trade ministers' conference is scheduled to...

34pc recommendations of Regulatory Reforms Commission implemented

2009-09-10 00:00:00

The government has so far implemented 34 per cent recommendations of the Regulatory Reforms Commission (RRC), while seven per cent has been partially implemented, 38 per cent are under implementation, 15 per cent under consideration and six per cent is...

DU honours 18 students with Dean's Award

2009-09-10 00:00:00

DU CorrespondentEighteen students of Dhaka University have been honoured with 'Dean's Award' Wednesday in recognition of their outstanding results in graduation and post-graduation levels. The students received the awards for their achievement in BSS (Honours) and MSS examinations at a...

Free swine flu treatment at hospitals: minister

2009-09-10 00:00:00

Health Minister Dr AFM Ruhal Haque has urged people to come to public hospitals for treatment of swine flu, reports bdnews24.com. The minister ruled out allegations that the flu drugs were being sold at higher prices. "We have a stock...

Plea to rename LGED Bhaban after QI Siddique

2009-09-10 00:00:00

FE ReportSpeakers at an Iftar Mahfil paid rich tributes to late Engineer Quamrul Islam Siddique and said he loved the nation through his personal transparency, skill, merit and professionalism.Bangladesh Water Partnership organised the Iftar Mahfil in Dhaka in observance of...

Muggers snatch away Tk 1.0m in city

2009-09-10 00:00:00

FE ReportMuggers snatched away Tk 1.0 million from two cloth traders after stabbing them at Gulistan area in the city Tuesday night, police said.Witnesses said three muggers intercepted the two traders Matiur Rahman and his bother-in-law Babul at Fulbaria bus...

Urgency of slowing population growth

2009-09-09 00:00:00

Population control activities have been taking a back seat in the agenda of successive governments in Bangladesh. Economists and other experts do hardly debate this. The result of negligence has been an uninterrupted swelling of the population size. It is...

An expensive stopgap solution to power problem

2009-09-09 00:00:00

Shamsul Huq Zahid The incumbent government is facing a delicate situation in the power and energy sector. The past governments, too, had been in similar situation. But the public attention is now more focused on the performance of the present...

LNG as an alternative energy source

2009-09-09 00:00:00

Engr. Khondkar Abdus SalequeBANGLADESH'S shortage of power and gas is crippling civic life and obstructing industrial and commercial growth.Gas-based power generation would require years of exploration to get new reserves. Resources constraints handicap the government to go for it the...

Why beat up Dr Anu Mahmud and others?

2009-09-09 00:00:00

The police assault on Dr Anu Mahmud and the others, who in a procession, were proceeding to gherao Petrobangla was a high handed action by the government. Equally ridiculous was the subsequent apology to the professor and all those who...

What fate awaits the new education policy?

2009-09-09 00:00:00

THE National Committee for the Formulation of a new Education Policy, headed by its chairman, National Professor Kabir Chowdhury and co-chairman Dr Quazi Kholiquzzaman Ahmad, submitted its recommendations to the Education Minister last week. The committee did it in four...

Rights of pullers

2009-09-09 00:00:00

A bus driver told me the other day several mobile courts were checking whether or not rickshaws, plying in the city, had valid papers. Who are these rickshaw pullers? He said that absence of work in the villages around this...

Is human safety universal?

2009-09-09 00:00:00

Mohammad Rajja Is human safety universal? Realists, and later neorealists, have seen safety as merely incomplete as well as provisional, for the reason that "war is expected." They consider the world is anarchical. Since they consider the state as the...

HIGHLIGHTS

2009-09-09 00:00:00

Palampur ExpressOn SONY SET Wednesday at 10-00 pm. Palampur Express (Mon-Thurs, 10.00 pm) - an inspirational story of Pavni, a young small town girl, who dreams of being an athlete and is ready to face all the trials and tribulations...

Indian stocks rise to 15-month high, Sterlite, Hero Honda gains

2009-09-09 00:00:00

MUMBAI, Sept. 8 (Bloomberg): India's benchmark Sensex stock index rose to a 15-month high amid optimism that an economic revival will boost company earnings and as a government official said domestic demand is recovering.Sterlite Industries (India) Ltd., India's biggest copper...

Corn climbs from lowest since October 2006 as dollar declines

2009-09-09 00:00:00

NEW YORK, Sept. 8 (Bloomberg): Corn advanced from a three-year low and soybeans rose for the first day in six on speculation that the dollar's weakness may increase demand supplies from the US, the world's top grower and exporter of...

Pakistan stock market fund has 9 billion rupees in cash

2009-09-09 00:00:00

KARACHI, Sept. 8 (Bloomberg): Pakistan's biggest money manager said it has 9 billion rupees ($108 million) of cash left in a state-backed fund to support the nation's equity markets as it rebounds from last year's slump."I will invest from this...

Tea shortage to widen 10pc as India, Kenya droughts hurt crops

2009-09-09 00:00:00

NEW DELHI, Sept. 8 (Bloomberg): A global tea shortage may increase by 10 per cent next year as droughts in Kenya, Sri Lanka and India, the top exporters, damage crops and propel prices to a record, the world's biggest tea...