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Green power, green Bangladesh

2009-07-28 00:00:00

Tarequl Islam MunnaHERE in the Bangladesh countryside, amid the emerald-green rice paddies and farmers threshing crops with their bare feet, are beige cows, giant haystacks… and solar energy panels -- 200,000 of them scattered throughout the country.This clean-electricity source is...

Preventing money laundering needs realistic laws

2009-07-28 00:00:00

Ahmed Showkat Masud MONEY laundering can be defined in various ways and from different perspectives.In our country, "Prevention of Money Laundering Act 2002" was enacted and made effective a gazette notification from April 30, 2002. In this connection, this writer...

Need for reforming the system of recruitment of public officials

2009-07-28 00:00:00

Md. Joynal AbdinA thorough reform of the recruitment process for public officials is imperative in order to establish a civil service for the 21st century. Now, the Bangladesh Public Service Commission (PSC) recruits government officers to serve the nation. The...

Indian shares end flat, Reliance dips 3.7pc

2009-07-28 00:00:00

MUMBAI, July 27 (Dow Jones): A fall in heavyweight Reliance Industries, the nation's biggest company by market value, offset gains in consumer goods stocks and some other blue chips as Indian shares ended flat Monday.The Bombay Stock Exchange's benchmark Sensitive...

Pakistan's KSE cautious ahead of trade policy

2009-07-28 00:00:00

KARACHI, 27 (Xinhua): Investors remained cautious ahead of the trade policy 2009-2010 announcement that held stocks at Karachi Stock Exchange (KSE) under pressures on first trading session of Monday as the main index was showing limited gains. After a positive...

Ugandan shock as bank disappears

2009-07-28 00:00:00

Scammers have targeted a town on the Uganda-Kenya border with an elaborate fraud - setting up a fake bank and taking deposits, before fleeing, reports BBC online. The bank opened an office in Malaba town, advertised on radio and took...

Citi offers NBR internet payment gateway to expedite tax collection

2009-07-27 00:00:00

Mehdi Musharraf BhuiyanGlobal financial giant Citibank, N.A. said Sunday it is ready to share its Internet-based payment gateway 'CitiConnect' with the revenue board in an effort to usher in e-governance and expedite tax collection in the country.Parvez Murshed, the head...

DSE approves listing of Navana CNG

2009-07-27 00:00:00

FE ReportThe Dhaka Stock Exchange (DSE) has approved listing of the Navana CNG Ltd, a sister concern of Navana Group, under its direct listing regulations. The approval came at the DSE board meeting Sunday."Share trading of the company will begin...

DBBL opens 72nd branch

2009-07-27 00:00:00

Dutch-Bangla Bank Limited (DBBL) has opened its 72nd branch at Dinajpur district town (Palok, Munshipara, Dinajpur).Managing Director of the bank Md Yeasin Ali inaugurated the branch Sunday, said a press release. Speaking on the occasion, the managing director mentioned that...

Mohammad Ali new head of Ctg for MTBL

2009-07-27 00:00:00

FE Report Mohammad Ali Chowdhury has recently joined Mutual Trust Bank Limited (MTBL) as senior executive vice-president (SEVP) and head of Chittagong branches, said a press release.Mr. Chowdhury has been serving for more than 34 years in a number of...

NBR in trouble to realise Tk 24m travel tax from Best Air

2009-07-27 00:00:00

Best Air, a private airline, suspended its operation in February last due to financial crisis, has not paid Tk 24 million to the exchequer it realised as travel tax from the passengers, reports UNB.National Board of Revenue (NBR) admitted its...

BSC at risk to survive on marine route as no new vessel included

2009-07-27 00:00:00

Our Correspondent CHITTAGONG, July 26: Survival of the Bangladesh Shipping Corporation (BSC) will be at risk in the near future as no new vessel has been included in its fleet for long 18 years, sources said. Most of the 12...

Premier Bank opens new premises for IT, Data centre in city

2009-07-27 00:00:00

FE Report Premier Bank Limited has established new premises for Information Technology (IT) and Data Centre Division at the 10th floor of Iqbal Centre in the city Saturday to go wider with banking services across the country, said a press...

BASF launching two new fluorocarbon finishing systems

2009-07-27 00:00:00

BASF, world's leading chemical company is launching two new fluorocarbon finishing systems - one for stain repellent and one for stain release - under the name Lurotex® Duo System, said a press release. Both of them are made up of...

Unabated catching of fish, fries depleting stock in bay

2009-07-27 00:00:00

Our CorrespondentCHITTAGONG, July 26: Fish resources in the Bay of Bengal has been declining alarmingly due to unabated catching of fishes and fish fries. If excessive catching of fishes is not resisted, scientists apprehend there would be acute crisis of...

Holcim holds engineers' confce at Cox's Bazaar

2009-07-27 00:00:00

Holcim (Bangladesh) Ltd recently arranged a conference for high profile engineers at Cox's Bazaar, said a press release.Holcim a renowned cement producer, held this conference with the engineers from different sectors of the country aiming at improving the habitat quality...

Sony Ericsson's C901 Cyber shot hits market

2009-07-27 00:00:00

Sony Ericsson's C901 Cyber shot, which also has a nickname 'Smile Cyber shot', has hit local market, said a press release.The 5 megapixel C901 has YouTube, which enables users to stream videos and upload videos as well. With the powerful...

Tokyo investors brace for earnings reports

2009-07-27 00:00:00

TOKYO, July 26 (AFP): Tokyo investors will focus on domestic earnings reports this week for fresh leads on whether corporate Japan is recovering from the country's worst recession in decades, analysts said Friday.Market participants are hoping companies, having moved to...

IPO Diary

2009-07-27 00:00:00

Marico Bangladesh LimitedNature of BusinessManufacturer and marketer of well-known consumer brand like Parachute, Parachute Beliphool, Aeromtic, Camelia etc.Subscription OpenAugust 02, 2009Subscription CloseAugust 06, 2009For Non resident BangladeshiFrom August 02, 2009 to August 16, 2009Offer PriceTk 90.00 Face ValueTk 10.00Market lot50...

Bell replaces injured Pietersen for 3rd Ashes Test

2009-07-27 00:00:00

LONDON, July 26 (AP): England selectors called up batsman Ian Bell to face Australia in the third Test after Kevin Pietersen was ruled out of the rest of the Ashes series following Achilles surgery.But no extra batting cover was drafted...

Johnson's struggles a worry for Australia

2009-07-27 00:00:00

NORTHAMPTON, England, July 26 (AFP): Australia quick Mitchell Johnson's bid to gain some form ahead of the third Ashes Test suffered a setback against Northamptonshire Sunday.Johnson bowled seven wicketless overs for 42 runs, the left-arm quick struggling for accuracy just...

Real Madrid coach mulls over final squad

2009-07-27 00:00:00

MADRID, July 26 (AFP): Real Madrid still has still not determined what its final squad and its starting 11 will be for the upcoming season, new coach Manuel Pellegrini said Saturday.The Spanish giants spent over 200 million euros on new...

Beckham gets first assist, Galaxy draw Wizards

2009-07-27 00:00:00

KANSAS CITY, July 26 (AP): David Beckham earned his first assist since returning to the Los Angeles Galaxy, setting up Landon Donovan's first-half equaliser in a 1-1 draw with the Kansas City Wizards Saturday night.The Galaxy (6-3-10) had a four-match...

Sharapova, Williams sisters headline Stanford tennis

2009-07-27 00:00:00

STANFORD, California, July 26 (AFP): Three-time Grand Slam winner Maria Sharapova continues her comeback from shoulder surgery by competing in the 700,000 dollar Bank of the West Classic which begins Monday. Sharapova will have her work cut out for her...

Nuru Miah Gold Cup Faridpur reach final eliminating Narsingdi

2009-07-27 00:00:00

FARIDPUR, July 26 (UNB): Hosts Faridpur Eleven moved into the final of the local Nuru Miah Gold Cup Football Tournament eliminating Narsingdi Eleven by 3-0 goals in the semifinals at the local stadium Sunday.The final match of the 20-team meet...

Peru call World Cup strike

2009-07-27 00:00:00

LIMA, July 26 (AFP) : Peruvian footballers quit their national team Saturday, bringing further misery for fans who have already seen their side slump in World Cup qualifying. "We have presented the Peru Football Federation (FPF) a document announcing the...

Man City lose to disputed

2009-07-27 00:00:00

PRETORIA, July 26 (Reuters): A disputed goal saw Manchester City suffer a second defeat on their three-match tour of South Africa, beaten 1-0 by home side Kaizer Chiefs at Pretoria's Loftus Versfeld Saturday. Chiefs' midfielder Jeffrey Ntuka brought the ball...

Bolt plays down Jamaican positive dope test

2009-07-27 00:00:00

LONDON, July 26 (AFP): Triple Olympic champion Usain Bolt reacted with suprise to reports that relay colleague Yohan Blake is one of five Jamaican athletes to have given a positive dope test.

Kiwis might opt for IPL over country: Vettori

2009-07-27 00:00:00

WELLINGTON, July 26 (Reuters): New Zealand cricketers may opt to play in the Indian Premier League (IPL) rather than for their country if the Twenty20 competition continues to clash with international commitments, captain Daniel Vettori said. Vettori was one of...

Tamim falls for first-ball duck

2009-07-27 00:00:00

Bangladesh opener Tamim Iqbal was dismissed for a first-ball duck after West Indies opted to bowl after winning the toss in the first one-day international at Windsor Park in Dominica Sunday, reports bdnews24.com. Tamim was caught by wicketkeeper Andre Fletcher...