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Pricing, overseas assets key to Integrated Energy Policy

2008-09-22 00:00:00

NEW DELHI, Sep 21 (PTI): Prime Minister Manmohan Singh yesterday cautioned that India is vulnerable to uncertain global prices and supply in the face of growing import dependence and said energy pricing and acquisition of overseas assets would be key...

US govt cites economic benefits from N-deal

2008-09-22 00:00:00

WASHINGTON, Sept 21 (PTI): With the business community in the US lobbying hard for a legislative nod for the Indo-U.S. nuclear deal, the Bush administration is also working overtime to convince lawmakers of the economic benefits that will accrue for...

Ban on sale of 3 Chinese baby food brands

2008-09-22 00:00:00

FE Report Bangladesh Sunday imposed a ban on the sale of three Chinese baby food brands, which are being sold in the domestic markets and have been reported to contain harmful 'melamine', a top government official said.Secretary of the commerce...

Pubali Bank to give Tk 100m term loan to IIDFCL

2008-09-22 00:00:00

FE ReportPubali Bank Limited will extend a term loan of Tk 100 million to Industrial and Infrastructure Development Finance Company Limited (IIDFCL). An agreement in this connection was signed between Pubali Bank IIDFCL at the bank's head office in the...

Trading of First Security Bank begins today

2008-09-22 00:00:00

FE ReportThe trading of First Security Bank Limited begins today (Monday) on both Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE).The DSE board in a meeting Sunday approved the debut trading date of the bank, a DSE source said.This...

Govt borrows Tk 5.0b thru' T-bills

2008-09-22 00:00:00

FE ReportThe government borrowed Tk 5.00 billion (500 crore) Sunday through auctions of treasury bills. It will result in withdrawal of Tk 5.00 billion from the market in the week.The central bank conducted auctions of 91-day and 364-day bills on...

Rangs launches digital handycam

2008-09-22 00:00:00

Rangs Electronics Limited (REL), popularly known as Sony-Rangs, launched the Digital Handycam Campaign -- '08, a new sales campaign for SONY Handycam at Rifles Square in the city Sunday, says a press release. Senior Executive of Sony Singapore Marketing Company...

DSE clarification

2008-09-22 00:00:00

A photo caption titled "Fire-fighters rushed to extinguish a fire, caused by electric short circuit, at the third floor of DSE annex building Saturday" published in Sunday's FE on page 8, has attracted the attention of the Dhaka Stock Exchange.The...

Govt sells electricity 28pc lower than the rate it buys from IPPs

2008-09-22 00:00:00

Shakhawat Hossain The caretaker government is selling electricity to the consumers at a rate 28 per cent lower than its cost for purchasing from independent power producers (IPPs), officials of finance and power ministries said Saturday.It has been forced to...

Call rate, dollar maintain stable levels

2008-09-22 00:00:00

FE Report The inter-bank call money rate remained mostly steady Sunday despite withdrawal of cash through treasury bills, as the central bank injected fresh fund into the market. The US dollar was also stable against Bangladesh taka (BDT) in the...

Emirates offers spl services during Ramadan

2008-09-22 00:00:00

DUBAI, Sept 21: Emirates Airline is providing a special Iftar service to its Muslim passengers during the month of Ramadan, to help travellers break their fast during their journey.Onboard Emirates flights, customers travelling to destinations in the Middle East, Gulf...

Walton opens new showroom at Chouddagram

2008-09-22 00:00:00

FE Report Walton, a sister concern of RB Group, recently opened its exclusive showroom 'Rupali Motors and Electronics' at Tanvir Market, Dharkora Bazar, Chewra, Chouddagram in Comilla. Walton Director and renowned film actor Ilias Kanchan inaugurated the showroom as the...

corporatewatch

2008-09-22 00:00:00

BDCOM recommends 10pc stock dividend BDCOM Online Limited has recommended 10 per cent stock dividend for its shareholders for the year that ended on June 30, 2008. The 12th annual general meeting (AGM) of the company will be held on...

Czech ambassador killed in Pakistan carnage

2008-09-22 00:00:00

ISLAMABAD, Sept 21 (AFP): Rescue teams Sunday continued the hunt for survivors in the ruins of Islamabad's Marriott Hotel, where a massive truck bomb killed at least 60 people including the Czech ambassador to Pakistan.The Czech foreign ministry confirmed that...

Iran vows to block any attack

2008-09-22 00:00:00

TEHRAN, Sept 21 (Reuters): Iran will stop any attacker before he can "pull the trigger" and sanctions intended to isolate the Islamic Republic have not worked, President Mahmoud Ahmadinejad told a military parade Sunday.The United States and its allies are...

Fire in illegal Chinese dance hall kills 43

2008-09-22 00:00:00

SHENZHEN, Sept 21 (Reuters): A fire at an illegal dance club in southern China, just across the border from Hong Kong, left 43 mostly young people dead and another 88 injured, another grim reminder of the country's broken regulatory system.The...

Floods kill 16, displace 200,000 in India's east

2008-09-22 00:00:00

BHUBANESWAR, (India) (Reuters): Rescue workers evacuated some 200,000 people after flooding by one of India's largest rivers killed 16 people at the weekend, officials said Sunday.Large parts of the coastal Orissa state were inundated after authorities were forced to open...

6 injured in car bomb blast in Spain's Basque country

2008-09-22 00:00:00

PARIS, Sept 21 (AFP): Six people were injured Sunday in a car bomb blast outside a police station in Ondarroa, in northern Spain's Basque country, in the second such attack in the region within hours, officials said.The Basque separatist organisation...

Slovenians go to polls

2008-09-22 00:00:00

LJUBLJANA, Sept 21(AFP): Slovenia goes to the polls Sunday with a bribery scandal hanging over Prime Minister Janez Jansa and the opposition left showing unity in a bid to regain power after four years of centre-right rule. A poll published...

Nepal for national consensus over extradition pact with India

2008-09-22 00:00:00

KATHMANDU, Sep 21 (PTI): Nepal Saturday said it will try to forge a national consensus before signing a proposed extradition treaty with India. "We will initiate a discussion among various political parties to reach a consensus in the matter," Home...

Scandal-hit Olmert announces resignation

2008-09-22 00:00:00

JERUSALEM, Sept 21 (Reuters): Israeli Prime Minister Ehud Olmert announced his resignation at a cabinet meeting Sunday, but the scandal-hit leader could remain in office for weeks or months until a new government is formed.In broadcast remarks, Olmert said he...

news digest

2008-09-22 00:00:00

16 dead in Thailand floods BANGKOK, Sept 21: Severe flooding across Thailand has left at least 16 people dead and more than half a million people struggling to cope with damaged property and disease, officials and news reports said Sunday....

Ban on catching hilsa between Oct 15-24

2008-09-22 00:00:00

FE Report The Department of Fisheries (DoF) will impose a ban on catching 'hilsa' during the breeding season between October 15 and 24 at four coastal points stretching over an area of seven thousand kilometres. The areas where fishing will...

DMP sets up special camps for ensuring security to homebound passengers

2008-09-22 00:00:00

Dhaka Metropolitan Police (DMP) has set up some special camps at the transport terminals for ensuring safety and security to the homebound passengers ahead of the holy Eid-ul-Fitr, reports UNB."DMP has already set up some special camps at bus, railway...

Coca-Cola, Plan BD launch drinking water project for school's kids

2008-09-22 00:00:00

FE ReportCoca-Cola Far East Ltd in partnership with Plan Bangladesh launched an innovative 'rain water harvesting and drinking water project' in the country on September 18 to ensure water sustainability and provide safe drinking water in primary schools.The project includes...

AACCU forum begins today

2008-09-22 00:00:00

FE Report A weeklong annual forum of the Association of Asian Confederation of Credit Unions (AACCU) begins in the city today (Monday), said a press release. Former adviser and renowned economist Dr. Wahiduddin Mahmud will inaugurate the three-day workshop sessions...

Bangladesh consulate in Jeddah engaged in revamping image

2008-09-22 00:00:00

Bangladesh consulate in Jeddah is trying to increase export of manpower while also working to solve problems of expatriate workers employed in Saudi Arabia, an official statement said Sunday, reports UNB.The Press Information Department said in the statement that the...

Int'l Day of Peace observed

2008-09-22 00:00:00

The International Day of Peace was observed in the country Sunday as elsewhere of the world with a call for commemorating and strengthening the ideals of peace both within and among all nations, reports BSS. It was first established by...

AACCU forum begins today

2008-09-22 00:00:00

FE Report A weeklong annual forum of the Association of Asian Confederation of Credit Unions (AACCU) begins in the city today (Monday), said a press release. Former adviser and renowned economist Dr. Wahiduddin Mahmud will inaugurate the three-day workshop sessions...

NSTU vacation begins today

2008-09-22 00:00:00

NOAKHALI, Sept 21 (BSS): Noakhali Science and Technology University (NSTU) will remain closed from today (Monday) on the occasions of Eid-ul-Fitr and Durga Puja, an NSTU press release said.All departments and administrative offices of the university will also remain closed...