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Budget session of JS begins today

2009-06-04 00:00:00

Jatiyo Sangsad (JS) goes into budget session today (Thursday) at 3pm, amid dithering on part of the main opposition BNP as to whether or not to join it from the beginning. Finance Minister AMA Muhith will place the Awami League-led...

Imported cars unloaded at Mongla port for first time

2009-06-04 00:00:00

Imported reconditioned cars were unloaded through the country's second seaport Mongla Wednesday for the first time in its history of 59 years. Khulna City Corporation Mayor Talukder Abdul Khaleque formally inaugurated the unloading of 255 reconditioned cars, imported from Japan,...

Power ministry to launch campaign on clock advancement

2009-06-04 00:00:00

Power and Energy Ministry will launch a vigorous campaign to make the people aware of the advancement of clock by one hour from June 19 in a bid to save electricity. State Minister for Power and Energy Shamsul Haque Toku...

Life-threatening chemicals in the foodstuffs

2009-06-03 00:00:00

The consumers of the country are traditionally the victims of a section of the traders who are quite irresponsible about the quality of the goods they sell to their customers. The members of the public too are mostly unaware of...

Cyclone victims are in need of urgent succour

2009-06-03 00:00:00

Ahmed AliTHE government after a week's effort to provide succour to the cyclone-hit people has finally sought help from the international community. The powerlessness of the administration to carry out the relief and rehabilitation work for the victims of the...

The growing disparity in economic development

2009-06-03 00:00:00

Ferdous AlamECONOMIC disparity prompts people to move to urban centres in search of work. But, some 90 per cent of the population in Bangladesh still live in the rural areas, with uneven economic and developmental opportunities. Some of the regions...

The temptation to weaken the ACC

2009-06-03 00:00:00

ACCORDING to media reports, the Anti-corruption Commission (ACC) is about to be made toothless. Dose it mean that the ACC would loss its independence as well? Why the ACC did not sue anybody from the civil service, even during the...

Solving energy problems

2009-06-03 00:00:00

IT'S a difficult choice for Bangladesh. Inspite of cost and risk, nuclear power is the 'easiest' solution. Within a predictable number of years at a predictably high cost with a nuclear power station, we can get a reliable source of...

The state of school education

2009-06-03 00:00:00

EACH year, the education boards by announcing the SSC and HSC results bring occasions for celebration. But only a handful of schools in the capital and other big cities and towns can celebrate. Education has been reduced to a kind...

Thoughts on Digital Bangladesh

2009-06-03 00:00:00

Prof. Bijon B. SarmaTHE term "Digital Bangladesh" was first used by Bangladesh Awami League immediately before 2009 election. It was probably used at that time as a "nice-sounding political slogan". At that time winning the election was their prime target...

Public-private sector collaboration within a multilateral framework among Saarc nations

2009-06-03 00:00:00

Afsarul Arifeen and Joynal Abdin THE South Asian Association for Regional Cooperation (SAARC) is mandated for poverty alleviation through trade and economic co-operation in the region. It did not gain momentum up to the desired level. Intra-SAARC trade remained low...

Consumer link to rainforest destruction

2009-06-03 00:00:00

Fiona Harvey , Jenny Wiggins and Jonathan WheatleyThe destruction of the Amazon rainforest to make way for cattle ranches has been directly linked for the first time to patterns of consumption of beef and leather in the developed world, according...

Oil prices fall in Asian trade

2009-06-03 00:00:00

SINGAPORE, June 2 (AFP): Oil prices eased in Asian trade today after rallying overnight to a seven-month high, analysts said. New York's main futures contract, light sweet crude for delivery in July, fell 67 cents to 67.91 dollars a barrel....

Corn, wheat decline as warm weather accelerates US planting

2009-06-03 00:00:00

SINGAPORE, June 2 (Bloomberg): Corn and wheat futures in Chicago fell from their highest in about eight-months as warmer, drier weather in the US helped accelerate planting, boosting yield potential. Soybeans also declined. Planting of the US corn crop, the...

China overseas coal demand to stay buoyant-miners

2009-06-03 00:00:00

NUSA DUA, Indonesia, June 2 (Reuters): China's demand for overseas coal is expected to stay strong in the second half as long as prices of imported coal maintain a discount to domestic prices, two key Indonesian producers said Tuesday.The Indonesian...

Panchagarh farmers selling paddy at low price

2009-06-03 00:00:00

Our CorrespondentPANCHAGARH, June 2: The farmers of Panchagarh District could not sell their paddy to the government for the complexity of customs rules. Farmers are disappointed at the price of paddy. There is no system of purchasing paddy from the...

China iron ore surplus likely to increase

2009-06-03 00:00:00

BEIJING, June 2 (Bloomberg): China, the world's biggest steelmaker, risks exacerbating an iron ore surplus this year after imports exceeded demand, an official from the China Iron and Steel Association said. "The risk of over-importing is building," Luo Bingsheng, vice...

Aila kills livestock in Khulna

2009-06-03 00:00:00

Our Correspondent KHULNA, June 02: Over 26 thousand cattleheads have died and property worth about Tk 30 million have been damaged in five upazilas of Khulna district, which was recently hit by Aila and tidal waves. About 34 thousand families...

Samsung-Sony venture starts $1.5b LCD line

2009-06-03 00:00:00

SEOUL, June 2 (Reuters ): A flat-screen joint venture between Samsung Electronics Co Ltd and Sony Corp said on Tuesday it began volume production at a new manufacturing facility that took $1.5 billion to build.The five-year old venture, named S-LCD,...

New Gulf airline takes off in defiance of crisis

2009-06-03 00:00:00

DUBAI, June 2 (AFP): A new Gulf airline took to the skies yesterday in defiance of the global credit crunch that has taken a big toll on Dubai, the regional centre where it is based. Budget carrier Flydubai, a sister...

commodity prices forecast tuesday at london market

2009-06-03 00:00:00

Commodity                  Month              Last WTI Light Crude   Jul '09              68.0300 Brent Crude                 Jul '09              67.5900 RBOB Gasoline            Jul '09              1.9243y Heating Oil                   Jul '09              1.7765y Nat Gas (NBP)            Jul '09              27.2500...

metal prices at new york mkt tuesday

2009-06-03 00:00:00

CopperBid/Ask            2.2755             -2.2801 Change -0.0203 -0.88% Low/High            2.2545             -2.3253 NickelBid/Ask            6.5355             -6.5809 Change            +0.0000            +0.00% Low/High            6.4448             -6.6489 AluminumBid/Ask            0.6512             -0.6557 Change -0.0045 -0.69% Low/High            0.6467             -0.6625 ZincBid/Ask            0.6960             -0.7005 Change -0.0163 -2.29%...

Indian stocks fall for first time in four days, DLF declines

2009-06-03 00:00:00

MUMBAI, June 2 (Bloomberg): India's benchmark stock index fell for the first time in four days, led by Reliance Industries Ltd. and DLF Ltd., after investors judged last month's gains as excessive.Reliance Industries, the largest company by market value, slid...

KSE 100-share index closes down

2009-06-03 00:00:00

KARACHI, June 2: The Karachi stock market faced intense selling pressure during the trading session Monday as investors offloaded their holdings due to prospects of taxation on the bourse as indicated the Adviser to the Prime Minister on Finance Shaukat...

Global consumer confidence stabilising

2009-06-03 00:00:00

NEW YORK, June 2 (Reuters): Global consumer confidence is stabilising after falling for 18 months, Sproviding a glimmer of hope for a shattered world economy in which three quarters of households cut spending, a survey showed Tuesday.Some 40 per cent...

Gold erases decline, copper falls

2009-06-03 00:00:00

LONDON, June 2 (Bloomberg): Gold erased a decline in London to trade little changed as the US Dollar Index pared a gain, increasing the metal's appeal as an alternative investment.Bullion for immediate delivery rose 8 cents to $975.35 an ounce...

US stock-index futures fluctuate

2009-06-03 00:00:00

LONDON, June 2 (Bloomberg): US stock futures fluctuated between gains and losses after the Standard & Poor's 500 Index traded at the highest level relative to earnings since October. European equities were little changed and most shares in Asia declined.Citigroup...

BPGMEA new office-bearers take charge

2009-06-03 00:00:00

FE Report The newly-elected office-bearers of Bangladesh Plastic Goods Manufacturers and Exporters Association (BPGMEA) took charge at a function at the BPGMEA conference room in the city Sunday, said a press release.The BPGMEA election for the term 2009-2010 was held...

India edible oil imports may slow

2009-06-03 00:00:00

NEW DELHI, June 2 (Bloomberg): India, the world's biggest buyer of vegetable oils after China, may slow the pace of imports after domestic stockpiles surged on record purchases, a trader said.Cooking oil reserves probably climbed 55 per cent to 1.7...

Commodity Future Prices at London Market Tuesday

2009-06-03 00:00:00

ENERGY                                     PRICE                    CHANGE     %CHANGE            GAS OIL FUT (ICE)                         557.000            7.500                        1.36            GASOLINE RBOB FUT            192.550            0.120                        0.06 NATURAL GAS FUTR             4.265                        0.016                        0.38 AgricultureCOCOA FUTURE - LI            1689.000            4.000           ...