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EU nations slaps anti-dumping duties on China-made candles

2009-04-09 00:00:00

BRUSSELS, Apr 8 (AFP): European Union nations agreed Tuesday to extend anti-dumping duties on Chinese-made candles following calls from European producers, but importers and distributors quickly slammed the move. The EU had imposed temporary anti-dumping duties in November that were...

Oil prices dive in Asian trade

2009-04-09 00:00:00

SINGAPORE, Apr 8 (AFP): Oil prices fell in Asian trade today after concerns over weak corporate earnings sent global stock markets tumbling, analysts said. New York's main futures contract, light sweet crude for delivery in May, slid 91 cents to...

Rice price declines

2009-04-09 00:00:00

Our CorrespondentCHITTAGONG,Apr 08 :With the beginning of sales of rice in open market under government initiatives in Chittagong city since April 1,price of the staple food item declined by to 150 per maund. But the interests of the buyers in...

Prices of essentials decline in Tangail

2009-04-09 00:00:00

Our CorrespondentTANGAIL, Aril 08: Prices of essential commodities including flour, rice, onion and vegetables declined in different markets of the district during last few weeks.According to market sources, the price of rice declined by Tk 5 to 8 per kg...

KFC introduces bucket

2009-04-09 00:00:00

KFC introduced its signature bucket with big bang in the city recently, said a press release. Actress Tinni and Actor Hillol announced the launching ceremony as the endorser of bucket.Tinni said she is a fan of the KFC chicken and...

Gold prices pick up from ten-week low

2009-04-09 00:00:00

LONDON, Apr 8 (AFP): The price of gold advanced yesterday, one day after hitting a ten-week low point as the market was rattled by the prospect of the IMF selling some reserves. On the London Bullion Market, gold prices rose...

Australian consumer confidence surges

2009-04-09 00:00:00

SYDNEY, Apr 8 (AFP): Australian consumer confidence surged in April as billions of dollars in government stimulus measures gained traction, a survey said today. The Westpac-Melbourne Institute consumer sentiment index was 92.7 points in April, up 8.3 per cent month-on-month...

DSE for no quota in IPOs for mutual funds

2009-04-09 00:00:00

FE ReportDhaka Stock Exchange (DSE) will propose for cancellation of quota reserved in IPOs for mutual funds to ensure wider participation of general investors in the public subscription of public limited companies.Currently a 10 per cent quota of an IPO...

CRAB holds 5th AGM

2009-04-09 00:00:00

FE Report The fifth annual general meeting (AGM) of Credit Rating Agency of Bangladesh Limited (CRAB) was held the in the city recently, said a press release. CRAB Chairman M Syeduzzaman presided over the meeting..The members were informed that the...

Prime Finance AMCL begins operation

2009-04-09 00:00:00

FE ReportPrime Finance Asset Management Company Limited has begun its operation as the country's fifth private asset management company (AMC) aiming to grab a significant portion of the growing mutual fund industry."We have just begun…and hope to play a key...

Call rate drops further, dollar weakens

2009-04-09 00:00:00

FE Report The inter-bank call money rate dropped further Wednesday due to excess liquidity in the market. US dollar also weakened slightly against Bangladesh taka (BDT) in the inter-bank foreign exchange market, fund managers said.The call rate in extreme range...

IMF team meets NCC Bank officials

2009-04-09 00:00:00

FE ReportA team of International Monetary Fund (IMF) led by its Resident Representative Jonathan C Dunn met with management of the NCC Bank Ltd at its head office recently. Managing Director Mohammed Nurul Amin and other senior executives of the...

DCCI supports 'day-light saving plan' proposal

2009-04-09 00:00:00

FE ReportDhaka Chamber of Commerce and Industry (DCCI) announced its support to the proposal of Bangladesh Energy Regulatory Commission (BERC) on 'day-light saving plan' as the scarcity of electricity becomes intense, said a press release.The BERC has proposed to forward...

BKB disburses Tk 29.84b loan

2009-04-09 00:00:00

Bangladesh Krishi Bank (BKB) disbursed Tk 29.84 billion loan during the last nine months of the current fiscal year (FY), which was Tk 6.19 billion higher than that of the corresponding period of the last FY, said a press release....

Low price leaves huge salt stockpiled, hits farmers

2009-04-09 00:00:00

Our Correspondent CHITTAGONG, Apr 08: The salt industry of Cox's Bazar and Banskhali of Chittagong is on the verge of a collapse, as the farmers have a huge stockpile to sell at a time when salt price has plummeted. Although...

Setting 100-day employment programme on right track

2009-04-08 00:00:00

The government, according to the food and disaster management minister, is mulling the restart of the 100-day Employment Generation Programme (EGP) meant for the hardcore poor, seasonal unemployed people and marginal farmers from the next fiscal to help them out...

Crucial tasks of choosing nation's future energy base

2009-04-08 00:00:00

Syed Fattahul Alim The issue of Bangladesh's energy future has again taken centre stage. Though the fact that the supply of gas from the existing gas wells is fast dwindling and that all the fields would dry up sooner than...

Unregulated rickshaws create traffic jams

2009-04-08 00:00:00

Arman AminEXCLUSIVE rickshaw lanes separated by road dividers exist in a limited member roads only. But the lanes are not used by the rickshawpullers. Nobody is there to enforce the regulation. This is the job of the traffic policemen. But...

For violence free campus

2009-04-08 00:00:00

A wind of change is blowing across the world. Last year we saw a great change in America, when 47-year old Barack Obama was elected its president. Obama was elected campaigning for change. Similarly Sheikh Hasina also got elected pledging...

Development of agriculture

2009-04-08 00:00:00

THE countries that did very well in agriculture invested a great deal at the outset on modern agricultural education. Bangladesh has had its lone agricultural university at Mymensingh for many years, a few agricultural colleges and the Bangladesh Agricultural Institute...

Halima is worried about her daughter's safe delivery

2009-04-08 00:00:00

Munni, the elder daughter of Halima is pregnant. Halima is worried because Munni's delivery date is nearing. This is for the third time that Munni is becoming a mother.But her last two children were alive for a few days only...

Biological, chemical and other methods to deal with enemies

2009-04-08 00:00:00

Ameer HamzaBBC World News on June 18, 1998 stunned many with the revelation that South Africa's apartheid regimes had used biological and chemical methods to deal with political opponents. Is it possible? Details of the way South Africa's secret service...

Unhealthy student politics: Impediment to development

2009-04-08 00:00:00

K. M. MuktaSTUDENTS are a component of civil society who can lead the nation towards sustainable development. From time immemorial the student community has been playing an important and unparalleled role in nation building. In China, Japan, the USA and...

Taking a new look at banking in Bangladesh

2009-04-08 00:00:00

Mahmud ur Rahman ChoudhuryPrivate commercial banks have so much of money now that they do not know what to do with it and so they have started reducing interest rates on deposits putting the screws on the common people who...

EU official for stronger foreign economic policy

2009-04-08 00:00:00

BRUSSELS, April 7 (Xinhua): The European Union's top economic official Joaquin Almunia urged here yesterday the bloc for a stronger foreign economic policy so that it can exert influence on global economic policy. "Europe is clearly rising to the immediate...

'Quaraanic Language Institute' established

2009-04-08 00:00:00

Islami Bank Foundation, a subsidiary organisation of Islami Bank Bangladesh Limited (IBBL) has established 'Quaraanic Language Institute' at Mohammad Younus Auditorium of Islami Bank Tower recently, said a press release. Former chairman of the board of directors of IBBL and...

EU official for stronger foreign economic policy

2009-04-08 00:00:00

BRUSSELS, April 7 (Xinhua): The European Union's top economic official Joaquin Almunia urged here yesterday the bloc for a stronger foreign economic policy so that it can exert influence on global economic policy. "Europe is clearly rising to the immediate...

East Asia faces slower growth, surging unemployment: WB

2009-04-08 00:00:00

TOKYO, April 7 (AFP): Developing East Asia faces a sharp slowdown in economic growth and a "painful surge" in unemployment that will prevent millions of people from escaping poverty, the World Bank warned today. A precipitous drop in global demand...

OECD removes all countries from blacklist of tax havens

2009-04-08 00:00:00

The Organisation for Economic Co-operation and Development (OECD) has removed all four countries from its blacklist of tax havens, reports BBC.The blacklist published last week included Costa Rica, Malaysia, the Philippines and Uruguay.OECD chief Angel Gurria said in Paris that...

Sri Lanka economic growth may slow below 3 per cent

2009-04-08 00:00:00

COLOMBO, April 7 (AFP): Economic expansion in war- battered Sri Lanka could fall below three per cent this year, the central bank said yesterday, amid heavy defence spending and the global financial crisis. "If things get worse, we expect economic...