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Export of waste 'pet' bottles and cash incentives

2009-08-28 00:00:00

I read with deep interest an article, entitled "Waste pet bottles exporters seek 10 pc cash incentive" by Monira Begum Munni which highlighted our present and future economic and environmental aspects. We can no longer live without PET plastics in...

Banning old cars

2009-08-28 00:00:00

I have recently learnt that the government is thinking of banning old cars. Will it be a prudent decision? The government should remember that this country is a poor country and no elitist decision will bear any fruit. Allow, it...

No investments without power

2009-08-28 00:00:00

The situation with power is so bad now that the entire business community is wailing to get the government's attention to their demand for improving power supply. The government recently declared monetary and fiscal policies that should sound sweet on...

HIGHLIGHTS

2009-08-28 00:00:00

Boogie WoogieOn SONY SET Frida at 9-30 pm.The original dance show, only one of its kind, to hit Indian Television, Sansui Boogie Woogie, recently completed 10 glorious years. The dance show, that continues to rock the small screen with its...

Crime story author Dominick Dunnedies in NYC

2009-08-28 00:00:00

NEW YORK, Aug 27 (AP): Author Dominick Dunne, who told stories of shocking crimes among the rich and famous through his magazine articles and best-selling books including "Another City, Not My Own," about O.J. Simpson's murder trial, died Wednesday in...

Shilpa Shetty to marry Raj Kundra in autumn

2009-08-28 00:00:00

LONDON, Aug 27: Bollywood actress Shilpa Shetty, who became a household name here after her win on the reality show 'Celebrity Big Brother' in 2007, is set to marry businessman Raj Kundra this autumn, her father has revealed in an...

Indian stocks rise, Bharti Airtel leads gains on merger reports

2009-08-28 00:00:00

MUMBAI, Aug. 27 (Bloomberg): India's benchmark stock index rose for a sixth day, its longest winning streak in more than four months. Bharti Airtel Ltd. gained on reports that it may agree on a potential $23 billion merger deal sooner...

KSE introduces UIN system for risk mitigation

2009-08-28 00:00:00

KARACHI, Aug 27: The Karachi Stock Exchange has decided to introduce an efficient risk mitigating measure by changing the existing margining regime from member-level to the Unique Identification Number (UIN) level, according to Daily Times..The UINs (Client) Level Margining System...

UK August house prices increase most since 2006

2009-08-28 00:00:00

LONDON, Aug. 27 (Bloomberg): UK house prices rose at their fastest pace in more than 2 1/2 years in August as low interest rates spurred demand and a lack of properties for sale underpinned values, Nationwide Building Society said.The average...

India gold futures steady on weak crude, rupee

2009-08-28 00:00:00

MUMBAI, Aug 27 (Reuters): India gold futures were steady Thursday morning as pressure from falling crude was offset by a weak rupee, analysts said.The most-traded gold October contract MAUV9 was 0.14 per cent lower at 15,011 rupees per 10 grams...

India soybean futures down on rains, weak spot

2009-08-28 00:00:00

MUMBAI, Aug 27 (Reuters): Indian soybean and soyoil futures fell Thursday afternoon tracking rains in the growing regions, which boosted supply prospects, and tracking weak spot demand, analysts said.At 1:30 p.m., the October soybean contract NSBV9 on the National Commodity...

European stocks post modest gains

2009-08-28 00:00:00

LONDON, Aug 27 (Dow Jones): European stocks quickly reversed early losses to post modest gains overall after the final few earnings reports of the current season surprised to the upside, particularly in Paris."The markets continue to perform well and some...

Oil prices continue to fall in Asian trade

2009-08-28 00:00:00

SINGAPORE, Aug 27 (AFP): Oil prices continued to fall in Asian trade Thursday with investor sentiment under pressure from an unexpected jump in US crude stocks, analysts said. New York's main futures contract, light sweet crude for October delivery, slipped...

Scarcity of hilsha hits Manikganj fishermen

2009-08-28 00:00:00

Our CorrespondentMANIKGANJ, Aug 27 : The fishermen on the banks of the Padma in the district have been facing acute scarcity of Hilsha fish as if it is almost on the verge of extinction. Even at the end of the...

British traders charged over Iraqi oil-for-food affair

2009-08-28 00:00:00

LONDON, Aug 27 (AFP): Two British oil traders have been charged with breaching UN sanctions in the "oil for food" programme imposed against Saddam Hussein's Iraq, reports said today. Aftab al-Hassan was due to appear in a London court Thursday...

Yen advances against dollar, euro

2009-08-28 00:00:00

TOKYO, Aug 27 (AFP): The yen advanced against the dollar and the euro in Asian trade today as falls on Asian stock markets reduced investors' appetite for risk-taking, dealers said. The dollar slipped to 93.69 yen in Tokyo afternoon trade...

New LNG plant 'greenhouse Intensive,' says Australia

2009-08-28 00:00:00

SYDNEY, Aug 27 (AFP): Australia has admitted a gigantic new energy project to supply Asian markets could raise national greenhouse gas emissions by up to one percent if ambitious efforts to capture them fail. Environment Minister Peter Garrett made the...

Sony Ericsson W995 wins EISA Awards

2009-08-28 00:00:00

W 995, one of the latest editions of the walkman family of Sony Ericsson has recently won the EISA Awards.The handset has won the award for the Best Product on the category of "European Music Phone 2009-2010", said a press...

Toyota recalls 95,700 cars in US over brakes risk

2009-08-28 00:00:00

NEW YORK, Aug 27 (AFP): The US division of Japan's Toyota Wednesday recalled some 95,700 cars in the United States, saying icing in cold temperatures could impair the braking system. The recall affects the 2009 and 2010 models of the...

Metal Prices

2009-08-28 00:00:00

Copper   Bid/Ask2.8373-2.8418Change-0.0122-0.43%Low/High2.8328-2.8768   Nickel   Bid/Ask8.5948-8.6402Change-0.1021-1.17%Low/High8.5268-8.8103   Aluminum   Bid/Ask0.8138-0.8184Change-0.0045-0.55%Low/High0.8093-0.8297   Zinc   Bid/Ask0.8039-0.8085Change-0.0132-1.61%Low/High0.8035-0.8239   Lead   Bid/Ask0.8991-0.9036Change-0.0204-2.22%Low/High0.8968-0.9290     

United Airways plans to float IPO by mid-Nov

2009-08-28 00:00:00

FE ReportThe United Airways, a local private airline, is planning to float initial public offering (IPO) by the middle of November to haul Tk 500 million subject to the approval of Securities and Exchange Commission (SEC), official sources said. Apart...

Aftab appointed chairman of SME Foundation

2009-08-28 00:00:00

FE Report The country's leading business person Aftab ul Islam has been appointed the chairman of the Small and Medium Enterprise Foundation (SMEF) for a period of the next two years, according to a press release issued by the foundation...

NBL opens 110th branch

2009-08-28 00:00:00

The 110th branch of National Bank Limited (NBL) has been inaugurated in Kulaura, Moulvibazar recently. Senior Executive Vice President (SEVP) and Company Secretary of the bank AKM Shafiqur Rahman as the chief guest formally inaugurated the branch, said a press...

Two more Tathyo Tori launched

2009-08-28 00:00:00

Grameenphone (GP) in association with CARE Bangladesh launched its third and fourth Tathyo Tori (Information Boat) at Dhirai in Sunamganj recently.The Information Boats are designed to provide necessary livelihood information to the riverine communities of Bangladesh and moves from one...

NCC Bank rekindles 'Gazir Culture'

2009-08-28 00:00:00

NCC Bank has rekindled 'Gazir Pat and Gazir Gaan', an almost forgotten past of Bengali culture in a TV commercial produced to communicate with the mass people. Gazir Pat & Gaan is one of Bengal's ancient genre of folk art...

Citibank launches 'Citi Agameer Alo'

2009-08-28 00:00:00

FE Report'Citi Agameer Alo' - Citi Light of the Future competition, funded by Citi Foundation, the philanthropic arm of Citigroup, and managed by Bishwo Shahitto Kendro and Citibank, N.A. Bangladesh was formally launched Thursday.This distinctive programme aims to improve students'...

ICSMB holds AGM, Asad Ullah re-elected president

2009-08-28 00:00:00

FE ReportThe 13th annual general meeting (AGM) of the Institute of Chartered Secretaries and Managers of Bangladesh (ICSMB) was held at BIAM auditorium in the city Wednesday.President of the council of the institute Mohammad Asad Ullah presided over the meeting....

Banks' race for govt bonds drives down interest rate

2009-08-28 00:00:00

FE Report The interest rate on Bangladesh Government Treasury Bonds (BGTB) dropped further Tuesday as commercial banks rushed to offer their bids in auction, treasury officials said.The yield, generally known as coupon interest rate, on the 20-year BGTB fell to...

Janata Bank donates Tk 2.5m to AMCH fund

2009-08-28 00:00:00

Janata Bank Limited has donated Tk 2.5 million for the construction of Ahsania Mission Cancer Hospital (AMCH) at Uttara in the city.Janata Bank Limited Chairman Suhel Ahmed Choudhury handed over the cheque to Dhaka Ahsania Mission (DAM) president Kazi Rafiqul...

Delay in licence renewal hampers shipping agents' business

2009-08-28 00:00:00

Jasim Uddin Haroon The country's shipping agents are facing problems in doing their business over the past few months as the customs authority has stopped renewal of licences mainly due to absence of a licensing board.Applications for renewal of licence...