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Share trading of Rupali Bank resumes today

FE Report | 2008-07-20 00:00:00

Share trading of Rupali Bank Limited, the top market capitalisation leader of 2006 and 2007, resumes today (Sunday) in the stock exchanges after remaining suspended for over eight months.The resumption takes place as per a decision that came from a...

Meghna erosion takes serious turn in Bhola

2008-07-20 00:00:00

BHOLA, July 19 (UNB): Erosion by the River Meghna has taken a serious turn in Sadar upazila of the district due to sudden rise of water level caused by onrush of hill water and torrential rain.The river devoured 5 kms...

Pillay tipped to become Human Rights HC

From Fazle Rashid | 2008-07-20 00:00:00

NEW YORK, July 19: Navanethem Pillay, a high court judge from South Africa with links to Tamil Nadu in India, is being widely tipped to be nominated to the high profile office of the High Commissioner for Human Rights by...

Japan beat China in World League volleyball

2008-07-20 00:00:00

OSAKA, Japan, July 19 (AFP): Asian silver medallists Japan breezed past China in straight in the World League men's volleyball tournament Saturday.The Japanese spikers, who qualified for the Beijing Olympics next month, rallied to a 26-24, 25-20, 25-13 victory to...

No consumers for Shahbazpur gas!

FHM Humayan Kabir | 2008-07-20 00:00:00

The state-owned gas exploration company BAPEX is failing to utilise its nearly one trillion cubic feet of gas reserve from the Shahbazpur field in Bhola due to lack of consumers although two wells are ready to go into commercial operation,...

15 players take joint lead in FIDE Rating Chess

2008-07-20 00:00:00

Fifteen players took joint lead with 3 points after the 3rd of the Greenwich University Open FIDE Rating Chess Tournament at the National Sports Council (NSC) conference-room and Federation hall-room in the city Saturday, reports UNB.They are FM Abu Sufian...

India's Rcom, S Africa's MTN call off merger talks

2008-07-20 00:00:00

NEW DELHI, July 19 (AFP): Indian mobile phone group Reliance Communications and Africa's largest cellular firm MTN have called off talks for a tie-up because of "legal and regulatory issues", the companies said.The companies have agreed to allow an exclusivity...

IPO Diary

First Security Bank Limited | 2008-07-20 00:00:00

Nature of BusinessBankingSubscription OpenJuly 20, 2008Subscription CloseJuly 24, 2008For Non Resident Bangladeshi(s)July 20, 2008 to August 02, 2008Offer Price (Tk.)100.00Face Value (Tk.)100.00Market lot (Share)50Sponsors Portion (Share)11,500,000Public Offer (Share)11,500,000Total Issued Shares23,000,000Total Paid up Capital (after IPO)2,300,000,000Reason for IPO:To strengthen the capital...

Importance of media for better governance

2008-07-20 00:00:00

THE caretaker government has been stressing right from the start that it valued the media as it can learn from it many things for good governance. Whether the government's action matched its words regarding the press is another matter.But it...

Cambodia, Thailand continue troop buildup despite pledge to hold talks

2008-07-20 00:00:00

PREAH VIHEAR, Jul 19 (AP) : Cambodia and Thailand continued to reinforce their troops along a disputed border area near an 11th century temple Saturday, even as they prepared for talks to avert a military confrontation.Some 300 more Cambodian soldiers...

Abnormal increase in SoEs

FE Report | 2008-07-20 00:00:00

Net operating losses of the state-owned enterprises (SoEs) rose abnormally by about 131 per cent to Tk 30 billion in the last fiscal year (FY) over the previous year, official figures showed.Soaring prices of petroleum oils in the international market...

Businesses worried over move to close shops on Thursday, Friday

Mahmuda Shaolin | 2008-07-20 00:00:00

Shop-owners in the city are worried about the government's recent move to enforce a labour law that makes mandatory for them to keep their shops closed half-day on every Thursday and full-day on every Friday.The Department of Mills, Factories and...

Competition news

Essay competition | 2008-07-20 00:00:00

Japan Foreign Trade Council, Inc. (JFTC) is sponsoring JFTC Essay Competition 2008 to encourage students, younger researchers and business people to express their opinions on matters of national and international importance.JFTC is contributing to the prosperity of the Japanese economy...

Shamim Iskander held to create pressure on Khaleda: Delwar

2008-07-20 00:00:00

BNP Secretary General Khandaker Delwar Hossain Saturday said the caretaker government (CG) has arrested Shamim Iskander to create pressure on party chief Khaleda Zia, reports UNB.The government arrested Iskander, the younger brother of Khaleda, Friday on charges of amassing wealth...

Citi wins 22 awards from Euromoney magazine

2008-07-20 00:00:00

Euromoney has named Citi Best Global Cash Management Bank, Best Global Investor Services Bank and Best Global Emerging Market Debt House among its 2008 awards for excellence, reports UNB.This year marks the first time Citi has won the global award...

Pope sorry for priests' sex abuse

2008-07-20 00:00:00

Pope Benedict XVI has told Australians he is deeply sorry for the sexual abuse of children by some Catholic priests, BBC reports.Speaking at a gathering of bishops in Sydney, the Pope spoke of the "shame we have all felt" and...

DCC, JICA to hold workshop on workers' safety and sanitation

2008-07-20 00:00:00

A workshop on "Host Workers' Safety and Sanitation" will be held at Mohanagar Nattya Mancha in the city's Gulistan area today, reports UNB.Dhaka City Corporation (DCC) and Japan International Cooperation Agency (JICA) will jointly organise the workshop to raise the...

Take steps against polluting buses

2008-07-20 00:00:00

PEOPLE of Dhaka city are no doubt grateful for the measure that led to the withdraw from the roads the worst air polluters : autorickshaws with two stroke engines running on a cocktail of petrol and mobil. Reportedly , the...

EBL arranges Tk 300m syndicated loan facility for Magnum Steel

2008-07-20 00:00:00

Eastern Bank Limited (EBL) has arranged a syndicated facility of Tk 300 million medium term loan for Magnum Steel Industries Limited (MSIL).The MSIL, an automatic steel re-rolling mill, is expected to produce 90,000 tonnes of MS rods per annum, said...

Progressive Credit approves 16pc, 17pc dividends

2008-07-20 00:00:00

The Progressive Credit Co-operative Society Ltd approved 16 per cent and 17 per cent dividend, respectively at its 15th and 16th annual general meetings held in the city recently for its shareholders, says a press release.Chairman of the company Abul...

S Africa chip away at deficit

2008-07-20 00:00:00

HEADINGLEY, July 19 (Cricinfo): South Africa managed to lose just one wicket in the first session of the second day's play at Headingley, progressing to 158 for 4 at lunch. Hashim Amla, who again constructed his innings with notable ease,...

Global links help talent pool flourish

Sumathi Bala | 2008-07-20 00:00:00

LINDA Kreitzman, executive director for the masters' in financial engineering (MFE) at the University of California at Berkeley, says a few years ago she was contacted by the Monetary Authority of Singapore (MAS), the city-state's de facto central bank, to...

Strawberry cultivation to make farmers solvent

2008-07-19 00:00:00

RAJSHAHI, July 18 (BSS): Experts at a daylong workshop here today said that strawberry cultivation could make the grassroots farmers financially solvent.They also said that the growers level extension of strawberry cultivation as well as its higher value could bring...

Dr Kamal doubts anti-graft drive as corrupt being freed

2008-07-19 00:00:00

Gano Forum president Dr Kamal Hossain Friday expressed his suspicion about the success of the anti-corruption drive as he said many "corrupt people are being released on bail," reports UNB.Talking to media after his party presidium meeting, he said on...

JUJA election held

2008-07-19 00:00:00

SAVAR, July 18 (BSS): Khairul Hasan Munna of Bangladesh Sangbad Sangstha (BSS) and Rafiqul Islam Alok of the daily Sangbad have been elected president and general secretary respectively of Jahangirnagar University Journalists' Association (JUJA) for 2008.The elected seven-member executive body...

Safety culture : Missing in South Asia

Mohiuddin Babar | 2008-07-19 00:00:00

IN South Asia, home of the biggest segment of global population, the culture of occupational health and safety is almost non-existent. This is evident from the fact of high toll of deaths and injuries in accidents on roads and rivers,...

Mandela speaks out for the poor on his 90th birthday

2008-07-19 00:00:00

QUNU, JULY 18 (Agencies): Nelson Mandela celebrated his 90th birthday Friday by urging the wealthy to share their prosperity with the less fortunate and by saying he wished he had been able to spend more time with his family during...

Taking a hard line on soft soap

Michael Skapinker | 2008-07-19 00:00:00

IN 2003, Patrick Cescau sat down with fellow Unilever directors to hear a presentation from the Dove soap and cleansing products team. The Dove people had an idea for an advertising campaign that would feature women of all shapes and...

Steep rise in prices of green chilli in city markets

FE Report | 2008-07-19 00:00:00

Prices of green chilli and vegetables increased significantly in the city's retail markets due mainly to shortage in supply caused by heavy monsoon rain, traders said Friday.A number of traders in the city's retail markets said vegetable prices have increased...

Christian unity efforts at 'critical juncture'

2008-07-19 00:00:00

SYDNEY, Jul 18 (AFP) : Efforts to promote unity within different denominations of the Christian faith are at a "critical juncture", Pope Benedict XVI told other Christian leaders in Australia Friday.His statement came as Anglican bishops gathered at Canterbury in...