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IPO Diary

2009-07-22 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...

Unacceptable traffic jams in the city

2009-07-22 00:00:00

The suffering of the residents of the city are now too great from incessant traffic jams that grip most parts of the city, every day. For example, huge traffic snarls were noted on all main roads leading towards Dhanmondi and...

FTA from Bangladesh perspective

2009-07-22 00:00:00

Ferdous Ara BegumBilateral Free Trade Agreement (FTA) has been gaining momentum since 1990 because of the slow progress of global trade talks under multilateral trading system, according to experts. From the statistics of the World Trade Organisation (WTO), a surge...

For eliminating begging

2009-07-22 00:00:00

Mohammad Ataul HaqueA common sight on Dhaka streets these days is begging. As soon as a vehicle stops at a traffic signal, beggars start knocking for alms. They are men or women with children. The blind, the crippled as well...

Real estate sector : The other side

2009-07-22 00:00:00

The growth of the real estate sector in Bangladesh has been quite impressive. A number of developers have earned high appreciation from their customers for building quality apartments in multi-storied buildings and handing over ownership to them as per schedule....

Every teacher should be equipped with first aid techniques

2009-07-22 00:00:00

SCHOOLS in Bangladesh lack adequate medical infrastructural facilities, which can lead to loss of life. The increasing competition in class has led to high stress levels, and consequently students are falling prey to physical ailments such as vertigo and asthma....

Are we altruistic?

2009-07-22 00:00:00

How far we follow the teachings of the Prophet or Islam is open to question. The Prophet taught his followers to be caring about the needs and happiness of others. The Prophet taught his followers to be altruistic.Habibur Rashid IsmailChittagonghabibur.rashid.ismail@gmail.com

Eleven Cs for better credit analysis

2009-07-22 00:00:00

Md. Touhidul Alam KhanLoan default is a universal phenomenon associated with all types of business enterprises. However, loan default in case of banks has special significance because extending credit is almost the exclusive business of banking institutions. Naturally, magnitude of...

Indian stocks fall, led by Mahindra, on rainfall concern

2009-07-22 00:00:00

MUMBAI, July 21 (Agencies): A key index of the Indian equities markets was ruling 111 points in the red in the afternoon trade Tuesday as investors continued to trade warily.At 1.50 pm the 30-scrip benchmark index of the Bombay Stock...

KSE witnesses dip of 53 points with range-bound trade

2009-07-22 00:00:00

KARACHI, July 21 : Range-bound activities prevailed at Karachi stock market on Monday as bearish sentiments dominated market proceedings in the wake of profit taking, traders said, according to Daily Times.They said profit taking was witnessed in blue chips mainly...

India’s coffee output may miss target

2009-07-22 00:00:00

MUMBAI, July 21 (Bloomberg): India, the third-biggest coffee grower in Asia, may miss a forecast to harvest a record crop next year after excess rains damaged plants in some regions, an exporters’ group said.Production in the year beginning Oct. 1...

US index futures are little changed

2009-07-22 00:00:00

NEW YORK, July 21 (Bloomberg): US stock futures were little changed after the Standard & Poor’s 500 Index rallied to an eight-month high yesterday.As many as 39 S&P 500 companies, including Caterpillar Inc., Coca-Cola Co. and Freeport-McMoRan Copper & Gold...

Gold, little changed in London, may decline on stronger dollar

2009-07-22 00:00:00

LONDON, July 21 (Bloomberg): Gold, little changed in London today, may fall as a stronger dollar reduces demand for the metal as an alternative investment.The dollar gained as much as 0.3 per cent against the euro after Federal Reserve Chairman...

Soybeans drop in Chicago as China poised to release stockpiles

2009-07-22 00:00:00

BEIJING, July 21 (Bloomberg): Soybean futures in Chicago declined on speculation that crushers in China, the world’s biggest importer, may slow overseas purchases as the government releases local stockpiles for sale into the domestic market.China will auction 500,000 tonnes of...

‘Dollar trap’ to put pressure on rice prices

2009-07-22 00:00:00

MANILA, July 21 (AFP): A weak US currency is expected to put fresh pressure on rice prices just a year after a global supply crunch caused the cereal to rocket above 1,000 dollars a tonne, the International Rice Research Institute...

Berger dealers visit Europe

2009-07-22 00:00:00

Berger Paints Bangladesh Ltd recently arranged a promotional trip to Europe and Dubai for its dealers in recognition of their business performance.A total of 27 dealers took part in the nine-day trip-July 5-14, said a press release. The dealers visited...

China ups ante in US WTO dispute over poultry

2009-07-22 00:00:00

GENEVA, July 21 (AFP): China yesterday upped the ante in a dispute with Washington over poultry exports, calling on the World Trade Organisation to rule on its complaint against US "discriminatory" legislation. According to Beijing, Washington is breaching international trade...

Dollar mixed as traders mull Fed chief's comments

2009-07-22 00:00:00

TOKYO, July 21 (AFP): The dollar was mixed in Asian trade today after the Federal Reserve signalled that it was unlikely to end its extraordinary pump-priming measures any time soon, dealers said. The dollar eased to 93.94 yen in Tokyo...

UNDP, Gopalganj meet held

2009-07-22 00:00:00

Our CorrespondentGOPALGANJ, July 21: Urban Partnership for Poverty Reduction (UPPR) Project, UNDP organised a meeting at Poura Primary School at Miapara in Gopalganj town recently.The programme was jointly organised by Gopalganj Pourashava and United Nations Development Programme (UNDP), Gopalganj.Roji Begum,...

No succumbing to external pressure in signing IPI project

2009-07-22 00:00:00

NEW DELHI, July 21 (PTI): India yesterday said it will not bow to external pressures in deciding on participation in USD 7.4 billion Iran-Pakistan-India gas pipeline project but listed several outstanding issues including finalisation of gas price with Iran as...

Fall in world steel output slows: study

2009-07-22 00:00:00

PARIS, July 21 (AFP): The recent fall in world steel output slowed in June, when production fell 16 per cent from output in the same month last year to 99.8 million tonnes, with China showing a gain, the World Steel...

Algeria's exports register big drop on weak oil price

2009-07-22 00:00:00

ALGIERS, July 21 (AFP): Algerian exports plunged by almost half in the first six months of 2009, hit hard by the fall in the oil price, official figures showed yesterday. Exports dropped by 46.47 per cent to 20.7 billion dollars...

Commodity Future

2009-07-22 00:00:00

style="background: #d2e1e8; mso-padding-alt: 3.0pt 3.0pt 3.0pt 3.0pt; mso-cellspacing: .7pt; border: windowtext 0.5pt solid" cellspacing="1" cellpadding="0" bgcolor="#d2e1e8" border="0">COMMODITYPRICECHANGE%BRENT CRUDE FUTR (USD/bbl.)66.5800.21GAS OIL FUT (ICE) (USD/MT)547.0001.58GASOLINE RBOB FUT (USd/gal.)179.1800.13HEATING OIL FUTR (USd/gal.)169.2000.15NATURAL GAS FUTR (USD/MMBtu)3.616-1.98WTI CRUDE FUTURE (USD/bbl.)64.1200.22 CANOLA FUTR (WCE) (CAD/MT)418.200-1.06COCOA...

Commodity Prices

2009-07-22 00:00:00

COMMODITYMONTHLASTWTI Light CrudeSep '0965.2600Brent CrudeSep '0966.5900RBOB GasolineAug '091.7894yHeating OilAug '091.6894yNat Gas (NBP)Aug '0922.0000SoybeansAug '091027'0Robusta CoffeeJul '091499.00yCocoa #7 (₤)Sep '091810.00Sugar #11Oct '0917.74WheatSep '09541'6CornSep '09323'2sCottonOct '0963.03Palm Oil ($)Aug '09618.500ECX CarbonDec '0914.4100  

Metal Prices

2009-07-22 00:00:00

style="background: white; mso-padding-alt: 0in 0in 0in 0in; mso-cellspacing: 0in" cellspacing="0" cellpadding="0" width="135" bgcolor="#ffffff" border="0">Price: US$/lb  Copper   Bid/Ask2.4324-2.4369Change-0.0118-0.48%Low/High2.4170-2.4578   Nickel   Bid/Ask7.2764-7.3217Change-0.0680-0.93%Low/High7.2537-7.3898   Aluminum   Bid/Ask0.7652-0.7697Change+0.0041+0.54%Low/High0.7566-0.7702   Zinc   Bid/Ask0.7309-0.7354Change-0.0122-1.65%Low/High0.7273-0.7499   Lead   Bid/Ask0.7554-0.7599Change-0.0054-0.72%Low/High0.7508-0.7676   UraniumUx U308 price:50.00    Change fromprevious week-2.00      

Japan PM dissolves parliament, calls elections

2009-07-22 00:00:00

TOKYO, July 21 (AP): Japanese Prime Minister Taro Aso dissolved the powerful lower house of parliament Tuesday, setting the stage for national elections next month that could transform the country's political power structure.In Japan, the prime minister can decide when...

Clashes kill 50 in Pakistan

2009-07-22 00:00:00

PESHAWAR, July 21 (AP): Two days of clashes between security forces and militants in Pakistan's northwestern region near the Afghan border left more than 50 militants and three soldiers dead, the military said Tuesday.There was no way to independently confirm...

S Korea reaffirms deal for North to ditch nukes

2009-07-22 00:00:00

SEOUL, July 21 (AFP): South Korea has reaffirmed its offer of massive economic aid for impoverished North Korea if it scraps its nuclear weapons, officials said Tuesday.Chief nuclear negotiator Wi Sung-Lac and Rhee Chang-Young, vice chairman of the Financial Services...

Taliban bombers attack Afghan cities, 13 die

2009-07-22 00:00:00

KABUL, July 21 (AP): Five Taliban suicide bombers attacked government centres in an eastern Afghan city Tuesday in a complex attack that has become a signature of major Taliban assaults. Five bombers and five Afghan security forces died, officials said.Three...

Chavez to 'revise' ties with Colombia

2009-07-22 00:00:00

CARACAS, July 21 (AFP): Venezuelan President Hugo Chavez said Tuesday he would review ties with Colombia after Bogota agreed to host "US bases" in the country."Now that the Yankees want to set up four bases in Colombia... it forces us...