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Nokia to sponsor nat'l soccer team

2009-04-24 00:00:00

Nokia, a multinational cell phone manufacturer, Thursday signed a contract with Bangladesh Football Federation (BFF) to sponsor the National Football team and development of youth football (under-18) for one year.Nokia will provide Tk 10 million (Tk 1.0 crore) to BFF...

AB does it for Delhi Daredevils

2009-04-24 00:00:00

Delhi Daredevils, inspired by AB de Villiers' superbly-paced century, held their nerve in the field to beat Chennai Super Kings in the first close game of IPL 2. de Villiers' century, the first of the tournament, came after Delhi's innings...

IPL's foreign affair leaves Indian players in cold

2009-04-24 00:00:00

NEW DELHI, Apr 23(AFP): The Indian Premier League may have brought money and fame for many, but the glitzy Twenty20 tournament is proving a bitter pill for many home-grown players. Organisers insist the IPL is a domestic Indian tournament with...

Afridi spins Paks to victory

2009-04-24 00:00:00

DUBAI, Apr 23(AFP): Shahid Afridi returned career-best bowling figures and then contributed with the bat to anchor Pakistan's four-wicket win over Australia in the first day-night international here Wednesday. The 29-year-old exposed Australia's frailties against spin with a career-best 6-38...

BAF small arms firing contest concludes

2009-04-24 00:00:00

FE ReportInter-base Small Arms Firing Competition of the Bangladesh Air Force held at the BAF Base at Paharkanchanpur in Tangail concluded Thursday, said a press release. BAF Base Paharkanchanpur team emerged champions with 204 points out of 225 points while...

PCL T20 starts May 2

2009-04-24 00:00:00

CHITTAGONG, Apr 23 (UNB) : Preparations are going on in full swing to host the country's first-ever high budgeted Twenty20 Cricket League -- The Habib Group Port City League (PCL) T20 -- beginning here on May 2 in the smash-and-grab...

Eight players earn full points

2009-04-24 00:00:00

Eight players earned full points winning their respective first round matches of the Prime Bank 4th International Rating Women Chess Tournament that began at the Chess Federation hall room in the city Thursday, reports UNB.They were IWM Rani Hamid, National...

Six leasing companies to launch mutual funds

2009-04-24 00:00:00

FE ReportSix leasing companies have initiated steps to launch mutual funds soon to join the foray of similar fund proposals declared by a number of other commercial banks and insurance companies in recent months.They are Phoenix Finance and Investments Ltd...

National Bank approves 52pc stock dividend

2009-04-24 00:00:00

The 26th annual general meeting of National Bank Limited (NBL) was held at Bangladesh-China Friendship Conference Centre in the city Wednesday. NBL Chairman Moazzam Hossain presided over the meeting. More than five thousand shareholders attended the meeting. They approved 52...

First meeting of DUEDAA executive committee held

2009-04-24 00:00:00

The first meeting of the newly elected executive committee of DUEDAA (Dhaka University Economics Department Alumni Association) 2009-2010 was held recently. The meeting was presided over by newly elected president, former Adviser of the Caretaker Government, Dr. Hossain Zillur Rahman....

Life insurers to provide coverage to wage earners

2009-04-24 00:00:00

Life insurers would provide insurance coverage to Bangladeshi workers working abroad so that all eventualities including that of repatriation could be covered.It was decided at a meeting held at the office of Bangladesh Insurance Association (BIA) to discuss investment and...

Call rate steady, dollar gains

2009-04-24 00:00:00

FE Report The inter-bank call money rate was steady Thursday in highly liquid market. The US dollar, on the other hand, gained against Bangladesh taka (BDT) in the inter-bank foreign exchange market due to higher demand, fund managers said.The call...

Construction of DSE Tower geared up

2009-04-24 00:00:00

FE ReportThe construction of Dhaka Stock Exchange (DSE) Tower will be completed by the end of 2010."There was virtually no progress in the construction of the DSE Tower in the last two years due to abnormal hike of the price...

Standard Chartered Bank celebrates Pohela Boishakh

2009-04-24 00:00:00

Standard Chartered Bank arranged daylong Boishakhi Utshab across all the branches in the country on the next day of the Bangla New Year to celebrate Pohela Boishakh 1416 and to share the festivities with its customers.All branches and priority centres...

BRAC Bank holds orientation for new recruits

2009-04-24 00:00:00

BRAC Bank Ltd recently arranged an orientation and induction training for the new recruits. Managing Director-cum-CEO of the bank AEA Muhaimen inaugurated the course at the bank's training center at Niketon in the city. A total of 58 new staff...

Workers ransack garments factory

2009-04-24 00:00:00

CHITTAGONG, Apr 23 (UNB): Workers of a garments factory Thursday went on rampage at their factory in city's Agrabad area, demanding payment of their last month's salaries.Workers of the garments, Northern Apparels, accused its management of failing to pay their...

Asian markets rise

2009-04-24 00:00:00

HONG KONG, Apr 23 (AFP): Asia's markets were higher today as investors moved in to snap up bargains after big losses earlier in the week, while some good banking news added to positive sentiment. Tokyo added 1.37 per cent, Hong...

Hong Kong telecom PCCW abandons privatisation bid

2009-04-24 00:00:00

HONG KONG, Apr 23 (AFP): Hong Kong telecoms giant PCCW Thursday scrapped a US$2.1 billion bid by chairman Richard Li to take the firm private after he lost a dramatic court showdown with the city's regulators.Li said he was "disappointed"...

High Court extends status quo of CMCCI activities

2009-04-24 00:00:00

Our CorrespondentCHITTAGONG, Apr 23: The High Court Division of the Supreme Court comprising Justice Syed Mahmud Hasan and Justice Kamrul Islam Siddiqui ordered for extending status quo of all activities of the proposed Chittagong Metropolitan Chamber of Commerce and Industry...

Credit flow to private sector on the decline

2009-04-24 00:00:00

Siddique Islam The credit flow to the private sector has been on the decline since October last year as businessmen are investing cautiously in the backdrop of global economic recession. The private sector credit growth came down to 19.84 per...

No impact of global recession on remittance, manpower market

2009-04-24 00:00:00

FE ReportThe global recession will not affect the flow of remittance to Bangladesh as the number of workers retrenched in top manpower markets is not 'alarming' while fresh migration remains strong, an expert said Thursday. Tasnim Siddiqui, the country's top...

Shipbuilding, renewable energy to be made new thrust sectors

2009-04-24 00:00:00

Mohammad Jubair HasanRenewable energy and shipbuilding will be declared new 'thrust sectors' as the government unveils on Saturday the draft of its industrial policy for the next five years, officials said Thursday. Industries ministry officials said the two hot sectors...

FBCCI demands major overhaul of customs duty, income tax structure

2009-04-24 00:00:00

FE Report The country's apex chamber Thursday demanded a major overhaul of tax structure in the upcoming budget, seeking a raise to minimum income tax threshold and slash duties on machinery, raw materials and intermediate goods.The Federation of Bangladesh Chambers...

7th NPC submits report on new pay hikes

2009-04-24 00:00:00

FE ReportThe seventh National Pay Commission (NPC) submitted Thursday its report on new pay hikes, which also recommended introduction of dearness allowance (DA) each year for the public servants based on the average annual inflation in future.The 13-member Commission, headed...

Dhaka stocks fall on price correction

2009-04-24 00:00:00

FE ReportDhaka stocks fell on price correction Thursday, led by insurance companies, non-banking financial institutions, mutual funds and most of the banking issues.The Dhaka Stock Exchange (DSE) opened on a positive note but trimmed the early gain of 25 points...

Govt asked to revoke eviction notice on Khaleda in 5 days

2009-04-24 00:00:00

BNP chairperson and leader of the Opposition in parliament Khaleda Zia Thursday sent in a demand-of-justice notice asking the government to withdraw or revoke the notice for vacating her leasehold Dhaka cantonment residence within five days, reports UNB.Barrister AM Mahbubuddin...

Move to bring all local, foreign NGOs under one umbrella

2009-04-24 00:00:00

Social Welfare Minister Enamul Haque Mostafa Shaheed Thursday said all local NGOs and foreign organisations working in the country would be brought under one umbrella by forming an organisation styled 'National Security Council.' The minister made the remarks when a...

Speaker for more front row seats for opposition

2009-04-24 00:00:00

Speaker Advocate Md Abdul Hamid Thursday said he is contemplating to allocate some more seats in the front row for the opposition in spite of their small number in the House. "Members of the Opposition bench were given more time...

Abdus Salam made CDA chairman

2009-04-24 00:00:00

The government Thursday appointed eminent industrialist Abdus Salam as the Chairman of the Chittagong Development Authority (CDA). — BSS

Changing the frame of mind

2009-04-24 00:00:00

Mahmudur RahmanAbout a year ago a leading Bangla national daily celebrated its anniversary with a powerful message-"Change things, change yourselves" (Bodley dao, bodley jao). It was backed up by a short but spirited campaign that picked on examples of every-day...