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Dhaka stocks steady, losers dominate

2008-10-16 00:00:00

FE ReportDhaka stocks remained steady Wednesday after a two-day rally, amid increased participation of the investors in trading. The benchmark DSE General Index (DGEN) and All Shares Price Index (DSI) shed 5.27 points and 4.76 points to close at 2925.97...

Fear of US economy slipping into recession not yet over

2008-10-16 00:00:00

From Fazle RashidNEW YORK, October 15: Gloom once again descended on the Wall Street after a day's reprieve.The Dow Jones industrial average fell 76.62 points yesterday after recording the highest surge in past 75 years a day before. The fear...

ACC won't retreat from anti-corruption fight: Mashhud

2008-10-16 00:00:00

BARISAL, Oct 15 (UNB): Anti-corruption Commission (ACC) Chairman Hasan Mashhud Chowdhury reaffirmed Wednesday that his Commission would not retreat from the battlefield.The ACC chairman was addressing a prize-distribution ceremony of speech competition titled 'The Role of Students in Anti-corruption Drive'...

Agitated garment workers halt traffic movement at Uttara, Tongi

2008-10-16 00:00:00

FE ReportWorkers of two garments factories staged separate demonstrations at Uttara and Tongi halting the traffic movement on Dhaka-Mymensingh road Wednesday. At Uttara, over 500 workers of Argryle Sweaters Ltd. put up barricade on Dhaka-Mymensingh road at 8am Wednesday demanding...

Sorting out the problem of high fertiliser price

2008-10-15 00:00:00

BANGLADESH farmers are famous for their resilience in the face of all odds, natural or manmade. They have proved it time and again, particularly after natural disasters such as floods and cyclones of great magnitude. The help and assistance extended...

Is casino capitalism to blame for the financial crisis?

2008-10-15 00:00:00

Imtiyaz HusainWE can never forget the great achievement of Prof. Yunus in microfinance. Not only he has implemented this great idea in our country but has many successful replication of the scheme the world over. The concept is working and...

Container scanners at Chittagong port

2008-10-15 00:00:00

THE much talked about installation of the container scanners began at the Chittagong seaport to meet the requirement of importing countries. The work, started in 2003 during the previous government, had stopped due to lack of fund. The government is...

Russia and China in regional politics

2008-10-15 00:00:00

IN the early 1990s, with the break-up of the Soviet Union, Georgia and Chechnia in Russia's backward declared independence. The regions of South Ossetia and Abkhazia broke away from Georgia and were asserting their independence with Russian support. South Ossetia...

Noise pollution

2008-10-15 00:00:00

NON-government organisations (NGOs), environment bodies and civil society members talk about many environmental issues. But noise pollution is one of the environmental issues that has not yet been seriously addressed. Dhaka continues to be unbearably noisy which makes it look...

Corrective injustice for combating corruption

2008-10-15 00:00:00

Prof Rehman SobhanLOW productivity remains an important source of income poverty. Higher income and ownership of wealth remains closely correlated to higher levels of education. Low productivity, thus, originates in insufficient access to education and technology. Failure to meet the...

Textbook or guidebook for learning English?

2008-10-15 00:00:00

BK Sarker LalonTHE NCTB-prescribed SSC and HSC level English textbooks follow the communicative approach, the latest language teaching and learning system. It was developed at the beginning of the later part of twentieth century by American linguist Noam Chomsky. A...

World may be lucky to escape with worst recession

2008-10-15 00:00:00

Rich Miller of BloombergTHE world may be heading for its worst recession in a quarter of a century -- if it's lucky. A steep slump looks likely as the credit squeeze crunches economies from the US to Singapore and panic...

Property can still bruise Asia's banks and economy

2008-10-15 00:00:00

Dominic WhitingAsian banks have largely escaped the worst of the global debt crisis but housing market downturns, especially in China and India, still threaten to pile up bad loans and slow the region's economy.After property crashes burnt Japanese and Southeast...

Sheltech's 100th apartment project

2008-10-15 00:00:00

Syed Ishtiaque RezaSheltech, one of leading real estate developers, has started the construction of its 100th apartment project in the city. The Tk 136 million project `Sheltech Spondon' is located at Dilu road in the city's New Eskaton which, the...

Cityscape expo fails to seduce scared property investors

2008-10-15 00:00:00

Property investors are becoming afraid of putting their money into bricks and mortar and adopting a wait and see approach, it is claimed.At the end of Cityscape Dubai this week, the world's largest business to business real estate expo, organisers...

Land record of rights : an overview

2008-10-15 00:00:00

Shah Md. Abu Raihan AlberuniIn 1793, the terms of the Decennial settlement of 1789-1790 were made permanent by Lord Cornwallis. It resulted in the permanent settlement of estates in Bengal. In the case of permanently settled areas, the unit was...

StanChart to invest $20m for eye care

2008-10-15 00:00:00

FE Report Standard Chartered Bank Tuesday announced that it will invest $20 million to fund the development of sustainable eye care services in less advantaged areas of 20 cities across the world including Dhaka.The investment from the London-based leading banking...

Beximco Pharma, first Bangladeshi company in Latin American market

2008-10-15 00:00:00

FE ReportBeximco Pharmaceuticals Ltd (BPL), the leading edge pharmaceutical manufacturer and exporter of Bangladesh has commenced exports to Chile, after receiving marketing authorization for a number of products from "Instituto de Salud Publica de Chile" (Drug Regulatory authority in Chile)....

Trading of Summit Alliance Port shares begin tomorrow

2008-10-15 00:00:00

FE ReportShare trading of the Summit Alliance Port Limited (SAPL) begins tomorrow (Thursday) on both Dhaka Stock Exchange and Chittagong Stock Exchange.The decision came at a board meeting of the Dhaka Stock Exchange (DSE) held Monday.The SAPL, the country's private...

Call rate down, greenback steady

2008-10-15 00:00:00

FE Report The inter-bank call money rate fell Tuesday despite withdrawal of cash through bills and bonds. The US dollar, however, remained stable against Bangladesh taka (BDT) in the inter-bank foreign exchange market due to adequate supply of the greenback,...

DBBL opens 51st branch in Gazipur

2008-10-15 00:00:00

Dutch-Bangla Bank Limited (DBBL) opened its 51st branch at Konabari (BSCIC Industrial Area) in Gazipur Tuesday with on-line banking facilities from the very beginning. DBBL Managing Director Md Yeasin Ali inaugurated the new branch, said a press release.He also opened...

Automation may help exceed target at CCH

2008-10-15 00:00:00

Our CorrespondentCHITTAGONG, Oct 14: The Automation programme installed at Chittagong Customs House (CCH) has brought about wideranging dynamism and the target of revenue earning of the government is expected to exceed during the current fiscal, concerned sources said.With the introduction...

BKB quarterly review meet held

2008-10-15 00:00:00

Chairman of the board of directors of Bangladesh Krishi Bank (BKB) Khondkar Ibrahim Khaled inaugurated the first review meeting of the general managers (GMs) of the bank for the financial year 2008-09 held at its board room in the city...

Thrust on unity of RMG owners to face global economic crisis

2008-10-15 00:00:00

Our CorrespondentCHITTAGONG, Oct 14: In a bid to avert the ongoing global financial crisis, members of the business community concerned with the garments industries are needed to be alert and get themselves united to tackle any untoward situation. If the...

SIBL managers urged to attain business targets

2008-10-15 00:00:00

Branch managers of Social Investment Bank Limited (SIBL) have been urged to work with total commitment to achieve the business targets of the bank. Chairman of the bank Abdul Awal Patwary made the appeal while speaking as the chief guest...

65 ISIS food products to be available within three years

2008-10-15 00:00:00

FE ReportISIS- a world-renowned manufacturer of low-calorie, low-fat healthy food products has started marketing its merchandises in Bangladesh.The Danish Brand of the food item made debut at the Gulshan outlet of Agora in the city Tuesday.Chairman of ISIS Foods Bangladesh...

Central bank provides $10m OD facilities to a SCB

2008-10-15 00:00:00

FE Report The central bank has provided overdraft (OD) facilities for US$10 million to a state-owned commercial bank (SCB) recently for settlement of its food grains import bills and other overseas payments. "We've allowed the OD facility to the SCB...

Integra to market LG mobile phones in Bangladesh

2008-10-15 00:00:00

FE ReportLG Electronics, a worldwide technology and design leader in mobile communications, announced Sunday its start-up of business operation to make the world No 3 mobile handset brand available in Bangladesh market through partnership with Integra International Limited.The LCD includes...

Ahad elected vice-chairman of Standard Bank

2008-10-15 00:00:00

Mr Abdul Ahad, one of the sponsor-directors of Standard Bank Limited, has been unanimously elected vice-chairman of the board of directors of the bank.The board of directors of the bank elected him at its 132nd meeting held in the city...

City Bank SME div holds training programme

2008-10-15 00:00:00

A training programme organised by the City Bank SME division on small enterprise analysis and new products of SME was held in the city recently, says a press release. Head of SME Badrudduza Choudhury, Head of CRM Ehsan Khasru, Head...