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The AL govt should not do what the BNP-led alliance govt. did

2009-05-14 00:00:00

PRIME Minister Sheikh Hasina told in a public meeting held at the Paltan Maidan on May 01, that the BNP-led government had plundered Tk. 200 billion (20,000 crore) in the name of generating electricity.How can it be correct when total...

Climate change and Bangladesh

2009-05-14 00:00:00

Floods and erosion cause extreme poverty as people lose their land and homes.Mega floods are more frequent now due to climate change. In 2004, mega floods destroyed 80 per cent of the country's crops, killed 747 people and left 30...

We're wasting riches others earned for us

2009-05-14 00:00:00

Davis Hanson TODAY'S Americans inherited the wealthiest nation in history but only because earlier generations learned how to feed, fuel, finance and defend themselves in ways unrivalled elsewhere.Lately we have forgotten that and instead seem to expect others to do...

Challenges before the budget (2009-10)

2009-05-14 00:00:00

Salahuddin Ahmed THE national budget for the fiscal year 2009-2010 is expected to be one of the most high value budgets of all times. Consequent to that, the government of Bangladesh is surely up against a huge challenge of formulating...

The judgment of 5th Amendment case: Withdrawal of appeal and pitfalls

2009-05-14 00:00:00

Md. Abdul Halim, Bar-at-Law The judgment in 5th Amendment case declaring the 5th Amendment to the Constitution illegal delivered in 2005 by a Division Bench of the High Court Division has so far raised little hue and cry until May...

Oil prices hit six-month high on weak dollar

2009-05-14 00:00:00

NEW YORK, May 13 (AFP): Oil prices topped 60 dollars a barrel for the first time in six months Tuesday, boosted by a plunge in the dollar that made greenback-priced oil cheaper for buyers armed with stronger currencies. New York's...

Janata Bank gives prizes to its remitters

2009-05-14 00:00:00

Janata Bank Limited awarded prizes to its nine beneficiaries by a lottery from the remitters of its four branches in UAE Abu Dhabi, Dubai, Sharjah and AI-Ain, says a press release. Acting Chairman of the bank M Zarziul Islarn handed...

Gazprom begins work Far East pipeline

2009-05-14 00:00:00

TOKYO, May 13 (AFP): Russian gas monopoly Gazprom has signed an agreement with Japanese partners to build a pipeline that will supply Japan and other Asian countries with natural gas from northern Sakhalin Island. The pipeline will at first "secure...

India vegetable oil imports may reach record quantity

2009-05-14 00:00:00

NEW DELHI, May 13 (Bloomberg): India, the world's biggest buyer of vegetable oils after China, may import a record quantity in the year to Oct. 31 because of higher demand and duty-free purchases amid a decline in local oilseed output....

SingTel says Asia mobile phone subscribers top 249m

2009-05-14 00:00:00

SINGAPORE, May 13 (AFP): Singapore Telecommunications (SingTel) reported today a 35 per cent annual increase in regional mobile phone subscribers despite the global economic downturn. Southeast Asia's biggest telecom firm said 64 million new mobile phone customers were added, raising...

Workshop on 'earning through internet'

2009-05-14 00:00:00

Earning through the internet by sitting at your home is not a dream any more. Any one can earn lots of Dollar by this e-working. If a person is educated and have some basic knowledge on computer than he/she can...

metal prices at new york market wednesday

2009-05-14 00:00:00

Copper            Bid/Ask            2.0713             -2.0758 Change            +0.0159            +0.77% Low/High            2.0554             -2.0939 Nickel Bid/Ask            5.8309             -5.8763 Change -0.0113 -0.19% Low/High            5.8309             -5.9783 AluminumBid/Ask            0.6774             -0.6819 Change 0.0000             0.00% Low/High            0.6774             -0.6864 Zinc                 Bid/Ask            0.6842            ...

commodity prices forecast wednesday at london market

2009-05-14 00:00:00

Commodity Prices   Month              Last                  WTI Light Crude   Jun '09             59.6800                      Brent Crude                 Jun '09             58.7900                      RBOB Gasoline            Jun '09             1.6679y                      Heating Oil                   Jun '09             1.5070y                      Nat Gas (NBP)            Jun '09             29.4500                     ...

India's stocks fall on last day of elections

2009-05-14 00:00:00

MUMBAI, May 13 (Bloomberg): India's stocks fell, led by Infosys Technologies Ltd., as investors raised concerns of political uncertainty as no political party appeared likely to emerge as a clear winner in the last day of elections. Infosys, the country's...

European stocks, US futures fluctuate, ING falls, Dexia gains

2009-05-14 00:00:00

LONDON, May 13 (Bloomberg): European stocks and US index futures fluctuated as disappointing earnings from ING Groep NV and Bulgari SpA offset better-than expected results at Dexia SA and K and S AG. ING, the largest Dutch financial-services company, fell...

Corporate woes rising as Asia reels from crisis: IMF

2009-05-14 00:00:00

WASHINGTON, May 13 (AFP): The global financial crisis is taking an increasing toll on Asia's corporate sector with the region's economies now among the world's hardest hit, a senior IMF official warned yesterday. "Corporate risks are rising and market indicators...

China's economic growth rests on US, Europe recovery

2009-05-14 00:00:00

WASHINGTON, May 13 (AFP): China may not be able to sustain its economic expansion in 2010 if there is no recovery particularly in the United States and Europe, a senior World Bank official said yesterday. China posted growth of 6.1...

Microsoft Bangladesh announces grant for NGO

2009-05-14 00:00:00

Microsoft Bangladesh announced an additional funding of US dollar 54,000 to create IT-enabled sustainable l of the country Monday in the city, says a press release.They will also provide software and curriculum for enabling IT skills training to underserved people...

Dusts meet good demands

2009-05-14 00:00:00

FE ReportA small weight of tea on offer met with a stronger demand particularly the clean, good liquoring varieties, which fetched higher rates. Blenders were more active whilst there was stronger interest from the loose tea buyers. Export buyers were...

African incomes to drop for first time in 15 years

2009-05-14 00:00:00

DAKAR, May 13 (AFP): Per capita income in Africa will go down in 2009 for the first time in 15 years, the chairman of the African Development Bank (AfDB) warned yesterday. "Our economic outlook for Africa forecasts that in 2009,...

Commodity Futures at London market Wednesday

2009-05-14 00:00:00

Energy                                    PRICE          CHANGE                  %CHANGE   BRENT CRUDE FUTR           58.810             0.870               1.50     GAS OIL FUT (ICE)               490.500           7.250               1.50     GASOLINE RBOB FUT         169.400           2.610               1.56     HEATING OIL FUTR 152.590           1.890               1.25     NATURAL GAS FUTR          4.493               0.044               0.99     WTI CRUDE FUTURE          ...

Voting ends in Indian marathon election

2009-05-14 00:00:00

NEW DELHI, May 13 (AFP): Voting in India's marathon general elections ended Wednesday, with analysts predicting the emergence of a patchwork coalition that will struggle to survive a full term.The world's largest democratic exercise wrapped up at 5:00pm (1130 GMT)...

Pope demands independent Palestinian state

2009-05-14 00:00:00

BETHLEHEM, May 13 (Times Online): Pope Benedict XVI travelled to one of the ancient centres of Christianity Wednesday and declared his strongest support yet for an independent Palestinian state. The pontiff challenged the reluctant Israeli leadership to find a two-state...

Over 670,000 flee fresh Pakistan fighting: UN

2009-05-14 00:00:00

ISLAMABAD, May 13 (AFP): The number of people who have fled fighting i northwest Pakistan and registered with authorities in the last 11 days has jumped to more than 670,000, the UN refugee agency said Wednesday."The new figure of registered...

Lankan hospital toll rises to 50

2009-05-14 00:00:00

COLOMBO, May 13 (AFP): A shell attack against a makeshift hospital in Sri Lanka's northeastern war zone Wednesday killed at least 50 civilians and wounded more than 60, a doctor there told the news agency."At least 50 people have been...

news digest

2009-05-14 00:00:00

Shuttle chases Hubble telescope for repairsCAPE CANAVERAL, Fla., May 13: The space shuttle Atlantis is chasing down the Hubble Space Telescope to grab it for repairs. Atlantis astronaut Megan McArthur will use the shuttle's robot arm to grasp the school...

Agro-processed food exporters expand market to Africa, US

2009-05-14 00:00:00

Mohammad Jubair Hasan Exporters of US$ 250 million agro-processed foods said they are expanding their market to African countries and the United States at a time when the global economic recession is about to strike the sector.Many of them have...

SHDL breaks ground for $40m first 5-star hotel in Chittagong

2009-05-14 00:00:00

Mushir AhmedSena Hotel Development Limited has broken ground for the first five star hotel in Chittagong, hoping to tap into the growing business stature of the country's lone port city, its chief said Tuesday.Brigadier General Manzur Quader said the Water...

SJIBL opens 34th branch

2009-05-14 00:00:00

Shahjalal Islami Bank Limited (SJIBL) opened Wednesday its 34th branch at Panthopath in the city, says a press release. Chairman of the Board of Directors of the bank, Akkas Uddin Mollah formally inaugurated the branch as chief guest.He said the...

Humayun joins ICB as MD

2009-05-14 00:00:00

Humayun Kabir joined as Managing Director of Investment Corporation of Bangladesh(ICB) Tuesday, says a press release.He was the Managing Director of Karmasangsthan Bank prior to join ICB.He started his career by joining as a Senior Officer in Sonali Bank on...