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First BSRS Mutual Fund announces NAV

2009-03-02 00:00:00

As per the Securities and Exchange Commission (SEC) Mutual Fund Rules 2001, the authorities of First BSRS Mutual Fund have announced the net asset value (NAV) of the Fund, said a press release.On the basis of provisional accounts at the...

JS describes martyred army officers as national heroes

2009-03-02 00:00:00

The Jatiya Sangsad Sunday described the martyred army officers as national heroes and condemned the barbaric killings and called for forging greater national unity and strengthening of the armed forces including the BDR to protect independence and sovereignty of the...

Karzai moves up election date, challenging opposition

2009-03-02 00:00:00

KABUL, Mar 1 (Internet): Afghan President Hamid Karzai stepped up a confrontation with his opposition Saturday, ordering this year's presidential election to be moved up by at least three months despite the top election official's concerns that insufficient preparation time,...

UNESCO offers 15 fellowships for women scientists

2009-03-02 00:00:00

UNESCO invites candidates for the 2009 UNESCO-L'OREAL Co-sponsored Fellowships for Women Scientists, reports BSS.The fellowships will be given to 15 women scientists carrying out research in life sciences from developing countries.The financial contribution of each fellowship is 40,000 US dollars.Interested...

Food-price induced inflation

2009-03-02 00:00:00

THE government, with its inflation management and poverty alleviation strategies, needs to address the core issue of food price-induced inflation. The prices of food grains should be brought down or kept stable. Food grains have to be affordable to the...

Govt to build 104 flats for selling to civil servants

2009-03-02 00:00:00

The government will build 104 flats at Lalmatia Housing Estate in the city for selling those to the civil servants, reports UNB.Cabinet Committee on Public Purchase Sunday approved this project to be implemented by the Rajdhani Unnayan Kartipakkha (Rajuk) at...

Price fall of clinker abroad leaves no impact on local mkt

Our Correspondent | 2009-03-02 00:00:00

CHITTAGONG, Mar 01: Despite decline in price of clinker in the international markets, the price of cement has not yet reduced in the local markets.Earlier, price of cement increased in the local markets when the price of clinker, the main...

Tax-revenue collections continue to trail target

S M Jahangir | 2009-03-02 00:00:00

The slow growth trend in the government's tax-revenue persisted for the month of January last with the total collection falling short of target by around 16 per cnet during the first seven months of the 2008-09 fiscal.The National Board of...

India urges 'pause' in S Lankan fighting

2009-03-02 00:00:00

NEW DELHI, Mar 1 (CNN): India has called for a "pause" in the fighting between Sri Lankan forces and Tamil rebels to allow the evacuation of thousands of civilians trapped in the nation's northern war zone.In a statement issued Saturday,...

Chevron helps pry school with furniture

2009-03-02 00:00:00

Chevron (Bangladesh) has provided Kalachara Catholic Primary School of Moulavi Bazar with furniture.The school is located in the vicinity of the Chatali Tea Garden in the greater Kalachara area.Buffie Wilson, wife of Chevron Bangladesh President Steve Wilson, officially handed over...

Agri credit disbursements record 12.28pc growth in seven months

FE Report | 2009-03-02 00:00:00

Agricultural credit disbursements recorded a growth of 12.28 per cent in the first seven months of the current fiscal following some measures including relaxation of its rules and regulations by the central bank.Eight state-owned banks and financial institutions along with...

Vietnam hopes oil refinery 'will help develop whole country'

2009-03-02 00:00:00

DUNG QUAT, Vietnam, March 1 (AFP): A bony brown cow, an uninvited guest at the opening of Vietnam's first oil refinery, meanders up to the heavily guarded entrance before thinking better of it and trudging off.It's a brief but telling...

Premier div cricket resumes today

2009-03-02 00:00:00

The 6th round matches of the Metropolis Premier Division Cricket League resumes today (Monday) after a recess for three-day national mourning following the carnage at the BDR headquarters at Pilkhana in the city, reports UNB.In the two matches on the...

PM seeks FBI, Scotland Yard's help for probe

2009-03-02 00:00:00

The Prime Minister, Sheikh Hasina, has said she has sought assistance from the US and UN to probe the Feb 25-26 BDR murders, report agencies.She told parliament Sunday that she had asked a senior US official for helping with the...

SCBA polls Mar 24-25

2009-03-02 00:00:00

The election to the 14-member executive committee of the Supreme Court Bar Association (SCBA) for the year 2009-10 will be held on March 24-25, reports UNB.According to the election schedule, the last date for filing of nomination papers is March...

Train derails in Mymensingh

2009-03-02 00:00:00

MYMENSINGH, Mar 1 (UNB): Rail communication between Dhaka and North Bengal via Mymensingh was disrupted for three hours Sunday following derailment of a train compartment at Moshakhali rail station in Gafargaon Upazila.Railway sources said the compartment of Dhaka bound 'Ekata...

EU leaders hold economic crisis talks

2009-03-02 00:00:00

BRUSSELS, Mar 1 (Xinhua): European Union leaders meet today for emergency talks as the economic crisis places strains on two key tenants of EU policy-open trade within the 27 nation bloc and solidarity between its rich and poor members.The summit...

Call money rate, dollar remain steady

FE Report | 2009-03-02 00:00:00

The inter-bank call money rate retained steady level due to injection of fresh cash into the market through repurchase agreement (repo). The US dollar was also stable against Bangladesh taka (BDT) in the inter-bank foreign exchange market because of moderate...

FedEx Express begins operation at new hub

2009-03-02 00:00:00

FedEx Express (FedEx), a subsidiary of FedEx Corporation and the world's largest express transportation company, began operations at its new Asia Pacific hub located at the Baiyun International Airport in Guangzhou, China recently.This hub is now the company's largest centre...

China, Japan play down islands row, warn N Korea

2009-03-02 00:00:00

BEIJING, Mar 1 (AFP): China and Japan played down Saturday a bitter territorial dispute and urged North Korea not to "threaten" regional peace in talks between their foreign ministers here, a Japanese official said.Hirofumi Nakasone and Yang Jiechi, meeting as...

India announces incentives under Rs 3.25b package for leather, textile exports

2009-03-02 00:00:00

NEW DELHI, Mar 1 (PTI): India yesterday announced that incentives under a Rs 3.25 billion (325-crore) package for leather and textile exports would be available only on shipments to the US and Europe and was limited to six months from...

Asia's export-reliant economies feel pain of slowdown

2009-03-02 00:00:00

HONG KONG, March 1 (AFP): When times were booming, Asia's factories would sometimes struggle to keep pace with the global demand for cars, semiconductors and electronics goods.But as the worldwide recession has taken hold, the region's export- dependent economies have...

Govt resolute to widen tax-base, VAT-net: Mazid

2009-03-02 00:00:00

The government is determined to widen the base of tax and net of Value Added Tax (VAT) to increase revenue collection, reports UNB."The total amount of the budget will increase day by day, it will never decrease. We're trying to...

S Korea export slump eases in Feb, but outlook grim

2009-03-02 00:00:00

SEOUL, March 1 (Reuters): South Korean exports in February sank 17.1 per cent, half as much as their drop in January, but overseas sales are expected to keep falling as consumers and companies cut spending amid a worsening global economy.South...

Tk 2.39b outstanding bill of Dhaka WASA: LGRD minister

2009-03-02 00:00:00

SANGSAD BHABAN, March 1 (BSS): LGRD and Cooperatives Minister Syed Ashraful Islam told the House Sunday that the outstanding bill of Dhaka WASA is now Tk 2.39 billion (239 crore).In a written reply to a question raised by treasury bench...

Iraq seeks to boost oil production faster

2009-03-02 00:00:00

BAGHDAD, March 1 (Reuters): Iraqi Oil Minister Hussain al-Shahristani said on Sunday he would recommend the revival of a national oil company as a way to boost oil output by 500,000 barrels per day in two years, faster than previously...

Proteas begin solidly

2009-03-02 00:00:00

South Africa 220 and 57 for 0 (McKenzie 28*, Smith 28*) require another 397 runs to beat Australia 466 and 207 (Hughes 75)South Africa's openers made a patient yet solid start to a record chase at the Wanderers, building on...

ICB AMCL declares NAV of its two unit funds

FE Report | 2009-03-02 00:00:00

ICB Asset Management Company Limited (AMCL), a subsidiary of Investment Corporation of Bangladesh (ICB), recently announced Net Asset Value (NAV) of its two unit funds, said a press release.The total NAV of ICB AMCL Unit Fund stood at Tk 1037,354,374.38...

Russia expecting US proposals on missile defence

2009-03-02 00:00:00

MOSCOW, Mar 1 (AFP): Russia is expecting "concrete proposals" from new US President Barack Obama to resolve disagreements on missile defence, President Dmitry Medvedev was quoted as saying by the Kremlin Sunday."I am counting on the new US administration behaving...

Over 1,000 sued for BDR mutiny

2009-03-02 00:00:00

Over a thousand suspected mutineers, including deputy assistant director (DAD) of Bangladesh Rifles (BDR) Touhidul Alam, have been sued on charges of the February 25-26 carnage inside the headquarters of the paramilitary border force at Peelkhana in the city, reports...