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BSF shoots dead Bangladeshi cattle trader

2009-09-10 00:00:00

CHAPAINAWABGANJ, Sept 9: A Bangladeshi cattle trader was shot dead by Indian Border Security Force (BSF) at Polladanga frontier in Alatuli union of Chapainawabganj Sadar Upazila in the early hours of Wednesday. — BSS

Tk 2.0b cash incentives for export sectors released

2009-09-10 00:00:00

FE ReportThe government released Wednesday cash incentives worth Tk 2.0 billion for major export sectors and sub-sectors to help them pay wages and other benefits to workers ahead of Eid-ul-fitr.The amount includes Tk 1.10 billion worth of cash subsidy to...

Sales fall as local gold prices raised

2009-09-10 00:00:00

FE ReportGold prices in the local market have hit a new high with the 21-carat guinea gold selling at Tk 27,993 and 22-carat at Tk 29,334 a bhori leaving an adverse impact on overall sales ahead of the ensuing Eid...

Obama invites Hasina to join meeting with him

2009-09-10 00:00:00

US President Barack Obama has invited Prime Minister Sheikh Hasina to join a meeting with him in New York on September 23, reports UNB. US Ambassador to Bangladesh James F. Moriarty formally handed over a letter of invitation from the...

Govt to withdraw ban on prawn export

2009-09-10 00:00:00

Munima SultanaThe country's self-imposed ban on export of prawn to the European countries is likely to be withdrawn soon as the national experts have confirmed that poultry feed is the main source of toxic nitrofuran, which was found at higher...

UN commission finds evidence of fraud in Afghan polls

2009-09-10 00:00:00

From Fazle RashidNEW YORK, Sept 09: "Don’t declare victory" was the blunt message US Ambassador Karl Eikenberry delivered to Hameed Karzai, the front runner in Afghanistan's presidential election which the United Nations-backed commission said it has found " clear and...

Tk 500m rotten goods seized, five godowns sealed in Ctg

2009-09-10 00:00:00

Our CorrespondentCHITTAGONG, Sept 9: In one of the greatest ever anti-adulteration drives the district magistracy and BSTI officials seized huge quantities of consumer goods worth over Tk 500 million and sealed off five godowns in the city today.Acting on a...

Improving competitiveness

2009-09-10 00:00:00

Bangladesh has improved on the face of its position in the latest ranking of the global competitive index conducted by the Switzerland-based World Economic Forum (WEF). The position of Bangladesh in the index was 111 in 2007 and the latest...

To be or not to be is the question

2009-09-10 00:00:00

Enayet Rasul BhuiyanTHE Bangladesh Garments Manufacturers and Exporters Association (BGMEA) made an unwitting statement. It was interpreted as one that sought to hold the government hostage just like any irresponsible trade union body. Later, the BGMEA president had to retract...

Equal economic opportunities for women

2009-09-10 00:00:00

Md Nurun NabiPRODUCTIVE employment for women, who constitute almost half the national population, could significantly enlarge the country's gross domestic product (GDP). There is a need for making selective efforts to integrate the female population of the country with productive...

Positive legacies of Saifur Rahman

2009-09-10 00:00:00

The nation would remember his positive legacies -- the legacies of his political outspokenness, and on top of that all, his liberal attitude towards opposing views particularly in politics. He was widely considered an icon, a role model of financial...

More exchange houses to boost remittances

2009-09-10 00:00:00

Good opportunities still exist to substantially improve further receipts of foreign currency through remittances from our overseas workers by clamping down hard on the sending of such remittances through the 'hundi' channels and by encouraging the sending through official channels....

Autorickshaw on meters

2009-09-10 00:00:00

I asked an autorickshaw driver why no driver accepts the fare according to the meter. He told me that traffic jams make the meter reading meaningless. A problem for the drivers, he said, was the fact that instead of Tk...

For those who are mentally challenged

2009-09-10 00:00:00

Maswood Alam KhanFor the last few months my workload in office was so heavy that I thought I needed a break. With a view to enjoying a break and also to experiencing beforehand the taste of a retired life I...

Bus service for schools -- a good decision

2009-09-10 00:00:00

Matin bin ZahirIn response to a news item, 'Bus service for school students', published in different national dailies recently, I would commend it as a good decision. This should be compulsory, instead of using private vehicles. Surely, it will help...

US stock-index futures fluctuate; IBM, Lazard shares decline

2009-09-10 00:00:00

NEW YORK, Sept 9 (Bloomberg): US stock-index futures swung between gains and losses after a six-month rally in the Standard & Poor's 500 Index left the measure valued near the most expensive level in five years. International Business Machines Corp.,...

German stocks advance for fourth day, led by BMW, Commerzbank

2009-09-10 00:00:00

BERLIN, Sept. 9 (Bloomberg): German stocks gained for a fourth day as analysts recommended Bayerische Motoren Werke AG, helping offset concern share prices have outpaced the outlook for an economic recovery following a six-month rally. The benchmark DAX Index added...

Swiss market index drops; Richemont, Swatch, UBS lead declines

2009-09-10 00:00:00

JURICH, Sept 9 (Bloomberg): Swiss stocks fell for the first time in four days, led by watchmakers after Compagnie Financiere Richemont SA said it's urging "caution" on its sales outlook. Richemont and Swatch Group AG declined at least 1.9 per...

Mexico stocks rise one-year high

2009-09-10 00:00:00

MEXICO CITY, Sept 9 (Bloomberg): The Bolsa index rose to the highest level since July 2008. Investors are buying stocks that have fallen since last month after regulators relieved Mexico's private pension funds, known as Afores, from having to buy...

Gazprom says to boost eastern Russia investment

2009-09-10 00:00:00

MOSCOW, Sept 9 (AFP): Russian energy giant Gazprom said yesterday it will boost investment in the Russian Far East to some 2.2 billion euros (3.2 billion dollars) in 2010 as the company looks to energy-hungry Asian markets. "In 2010 the...

UK Stocks advance as BG Group, Tesco gain; Lonmin declines

2009-09-10 00:00:00

LONDON, Sept. 9 (Bloomberg): UK stocks climbed as gains among oil companies and retailers overshadowed speculation a six-month rally has outpaced the prospects for earnings. BG Group Plc, the UK's third-largest oil and natural gas company, added 1.8 per cent...

Globalisation threatens indigenous foods

2009-09-10 00:00:00

ROME, Sept 9 (AFP): The rich diversity of food in indigenous communities across the world is threatened by the spread of Western eating habits through globalisation, a United Nations agency said yesterday. About three-quarters of the genetic diversity once found...

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...