Message
It is my pleasure and honour to address the people of Bangladesh and my fellow citizens in this country on the occasion of the French National Day.
Bastille Day, as it is often called, commemorates the fight of the people of Paris in 1789 for destroying
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A destination to be known: Burgundy
Burgundy is one of the most fascinating regions of France, often labelled as the land of fine art and living.
A diversity of landscapes
Burgundy is situated to the south east of Paris and to the north of Lyons. It is divided into four departments: Yonne
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FBCCI demand for exchange rate change turned down
Finance minister AMA Muhith on Thursday turned down an FBCCI proposal for brining about changes in the exchange rate between the local currency and the US dollar in connection with implementing the new minimum wages of the garment workers.
The proposal w
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Marks and Spencer reports rising sales
British retailer Marks and Spencer raised sales in its first quarter, but warned on Wednesday about the impact of the government's austerity budget measures, notably a rise in sales tax.
The company, seen as a barometer of consumer sentiment in Britain,
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India expects bumper harvest: minister
India expects bumper food grain production this year that should help contain inflation after last year's worst drought in decades drove up prices, agriculture minister Sharad Pawar said Friday.
Food grain production slid by seven per cent in the crop ye
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Samsung Heavy wins $1.7b shipbuilding deals
South Korea's Samsung Heavy Industries Co said Friday it had won deals worth $1.7 billion to build 19 vessels, as global demand for new ships recovers.
The country's second largest shipbuilder after Hyundai Heavy Industries Co won a $1.03 billion order f
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PM for bigger market abroad
Prime Minister Sheikh Hasina has urged the expatriate Bangladeshis living in Nigeria to take all out initiatives from their respective positions to expand markets for Bangladeshi goods abroad.
The PM made the call when expatriate Bangladeshis including d
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Spain hopes for economic boost from WC glory
Spain's glorious run to its first World Cup final has bolstered a sagging feel-good factor in a country that has endured some difficult economic times of late.
Economists now hope a win over Holland on Sunday can aid growth and lift the country out of th
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Laptop fair in Dhaka
A three-day laptop fair has begun at Bangabandhu International Conference Centre in Dhaka.
State Minister for Law Md Qamrul Islam inaugurated the show-Dhaka Laptop Fair 2010.
Computer Source, Executive Technology, Rishit Computers, Smart Technology and
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Minimum wage for RMG workers to be revised
The Minimum Wage Board for the garment sector, which held its 10th meeting on Thursday, is dissatisfied with the factory owners who are apparently not cooperating with the board which wants to conclude the negotiation for wages immediately.
'The majority
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SC orders not to collect VAT from patients
The Appellate Division of the Supreme Court on Thursday upheld the High Court verdict that had declared illegal the imposition of Value Added Tax on patients in hospital and clinics.
The bench of five-member Appellate Division judges, chaired by chief ju
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BRB Cables gets GL certificate
BRB Cables has received GL Type Approval certificate for recongnising the international quality of its products.
After getting the certificate, BRB cables can be used in any ocean-going ship around the world.
GL vice president Hans Warner Stainer hande
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Solar plane lands after completing 24-hour flight
An experimental solar-powered plane completed its first 24-hour test flight successfully Thursday, proving that the aircraft can collect enough energy from the sun during the day to stay aloft all night.
The test brings the Swiss-led project one step cl
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Obama administration set for drill ban legal fight
The Obama administration heads to court on Thursday aiming to reinstate a six-month moratorium on deepwater oil drilling imposed after the devastating BP Plc Gulf of Mexico oil spill, but blocked by a federal judge.
The showdown starts at 3 p.m. local t
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Europe shores up support for bank stress tests
European supervisors won tentative support for impending bank stress tests on Thursday, while markets sought more detail about the process before delivering a final verdict.
Regulators are aiming to restore trust among bank investors, in the same way th
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Technical glitches push down power production
Power generation has again come down to around 3,800 megawatts that intensified the nagging load shedding across the country.
According to official sources, the country's electricity generation came down by about 400MW yesterday from an average 4,200MW
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Saudi investors eye 10-15pc stake in BP
Unnamed Saudi investors seek to buy a stake worth 10 to 15 per cent in British oil company BP dealing with a massive US oil spill, a Saudi newspaper said in an unsourced report on Wednesday.
A delegation of Saudi investors will be heading to London for
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Gazprom most profitable firm on Fortune Global 500
Russian gas giant Gazprom was the world's most profitable company in 2009 despite ranking 50th in revenue, Fortune magazine said on Thursday with the publication of the Fortune Global 500.
US-based retailer Wal-Mart Stores Inc was ranked No. 1 by revenu
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Tax rates to stay business-friendly: Geithner
Obama administration will keep tax rates at levels that benefit job-creating businesses and limit taxes on capital gains and dividends, US Treasury Secretary Timothy Geithner said on Wednesday.
Interviewed on CNBC's "The Kudlow Report", Geithner said th
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Obama's Choice
Let us now praise Barack Obama. Someone should. The left, weary of the effort in Afghanistan, is uneasy about the appointment of General David Petraeus to replace General Stanley McChrystal-sensing that this was not the action of a president laying the gr
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Dems Alter Wall Street Reform Bill In Dash For Votes
The death of Sen. Robert Byrd means Democrats have one extra vote to pick up to give final approval to Wall Street reform, which was first reported out of conference committee late last week. But the shuffle for votes was on well before the nine-term West
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Rice price and its manipulation
RICE price is on the rise again in the retail markets without any logical ground. With the government announcement of increase in procurement price, prices of coarse rice went up by Tk 2.0 to Tk 4.0 a kilogram. Supply of coarse rice is also inadequate. Ma
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Getting economic recipe right
China's active counter cyclical policy interventions in boom times has tamed overheating over the past three decades
China's GDP growth this year may approach 10 percent. While some countries are still dealing with economic crisis or its aftermath, China
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Save power
I live in a four room apartment. For the last few years I have been using lights in my apartment very miserly. I only put on lights on rooms which is essential and that too only one lamp and a fan when necessary. My living room lights are usually off unle
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Global warming
Now we need not to be an astrologer or quote a reference from a holy scripture to predict a doomsday when the earth will permanently collapse and all living being will become extinct. Nostradamus' predictions failed as they were not scientific. But, today
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How to boost confidence in the American economy
Did you happen to catch the Timothy Geithner interview on the PBS NewsHour this week? The United States Treasury secretary must have used the word "confidence" a dozen times.
And no wonder. Boosting the confidence of Americans in the US economy right now
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Obama's Choice
Let us now praise Barack Obama. Someone should. The left, weary of the effort in Afghanistan, is uneasy about the appointment of General David Petraeus to replace General Stanley McChrystal-sensing that this was not the action of a president laying the gr
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Passing of Shiite cleric Fadlallah spells trouble for Lebanon
For Washington, the death this week of Lebanon's most prominent and respected Shiite cleric, Grand Ayatollah Seyyed Mohammad Hussein Fadlallah, was a bittersweet moment.
In 1983, Fadlallah, a vocal proponent of suicide bombings, reportedly blessed the bo
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Govt urged for fast-track new wage
A forum of garment workers has demanded the government fast-track the new minimum wage for RMG workers.
The forum, known as Revolutionary Garment Workers Solidarity, demanded the right to trade union and amendments to the labour law to make it labour-fri
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Chicks selling at exorbitant price
The poultry farm owners of the Barisal division stopped purchasing one-day old chicks on Thursday protesting at its high price.
They alleged that hatchery owners and poultry feed producers, by forming syndicates, were selling chicks and poultry feed at e
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China 2009 economy grows by 9.1pc
China said on Friday its red-hot economy had expanded by 9.1 per cent in 2009 in an upward revision that narrows the gap even further with the world’s number two economy Japan.
The revision by the national statistics bureau from an earlier figure of 8.7
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Truce between Indian brothers opens door to expansion
India’s billionaire Ambani brothers are signing deals and drawing up expansion plans after calling a halt to their very public five-year battle over the spoils of their father’s vast business empire.
The warring siblings, Mukesh, 53, and Anil, 51, buried
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WB fund to develop skilled workforce
The global lender World Bank would provide US$79 million fund for developing skilled workforce in technical side aimed at sending them to the international labour markets, officials said Thursday.
The government has undertaken a scheme with the fund wher
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LankaBangla Finance under SEC scanner
The Securities and Exchange Commission has formed a two-member committee to investigate into suspected unusual trading of shares of LankaBangla Finance Ltd by sponsors/directors of the company in recent times, an official of the SEC said.
Headed by SEC e
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Global economy recovering faster than anticipated: IMF
The global economy is recovering faster than earlier anticipated but Europe’s debt crisis continues to be a hindrance, the International Monetary Fund in its forecast yesterday predicted. The IMF has raised its global growth prediction for the year 2010 f
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Govt to ban SIM card sales to underaged
The government has decided to tighten registration of cell phone Subscriber Identity Module and prohibit its sale to the youths under 18 to curb growing crimes using cell phones, home minister Sahara Khatun said.
‘We are framing a policy to curb the crim
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Pharma cos bag orders in Manila expo
Fifteen Bangladeshi pharmaceutical companies received prospective export orders worth around $29.08 million at the Bangladesh Pharmaceuticals Expo-10, a single country trade fair held in Manila recently.
The Export Promotion Bureau (EPB) organised the th
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Faruk seeks cooperation from businessmen for stable market
Commerce minister Faruk Khan has sought cooperation from the businessmen to keep prices of essential commodities within the reach of common people during the upcoming month of Ramadan.
Welcoming the newly elected business leaders of Federation of Banglad
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SEC strengthens surveillance
The Securities and Exchange Commission (SEC) has enhanced its surveillance and monitoring to check manipulation in the stock market, Finance Minister Abul Maal Abdul Muhith told Parliament during the question-answer session Sunday.
"At the same time afte
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S Korea to provide more IT assistance to Myanmar
South Korea will provide more information and technology assistance to Myanmar to help the country manage agricultural production, the official daily New Light of Myanmar reported today.
It was discussed between officials of the Union of Myanmar Chamber
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Ambani's Reliance Big sues Indian govt
Reliance Big Entertainment Ltd, the film maker and distributor owned by billionaire Anil Ambani, asked an Indian court to stop the government from collecting service tax on copyright transfers as it is unconstitutional.
The federal tax transgresses the a
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Local steel millers want export facility
Local steel millers Wednesday urged the government to allow export of their products as the production capacity is now surplus after meeting domestic demand.
Leaders of Bangladesh Steel Mill Owners Association made the demand during a meeting with Comme
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DCC announces Tk 21.72b budget
Dhaka City Corporation (DCC) Mayor Sadeque Hossain Khoka announced Thursday a Tk 21.72 billion budget for fiscal 2010-11, up by nearly 54 per cent from that of the previous year.
The DCC has not raised the holding tax in the new budget. The rate of hold
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China, India push up mobile subscriptions
Mobile subscriptions have hit 5 billion-mark, largely thanks to emerging markets like India and China.
According to Ericsson, the 5 billionth subscription was added Thursday last.
In the year 2000, about 720 million people had mobile subscriptions, les
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ICB AMCL announces NAV of 10 MFs
CB Asset Management Company Ltd (ICB AMCL), a subsidiary of Investment Corporation of Bangladesh (ICB), has announced Net Asset Value (NAV) of its ten mutual funds recently, according to DSE website.
NAV of PRIME Bank 1st ICB AMCL Mutual Fund stood at Tk
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BATBC to distribute 4 saplings
British American Tobacco Bangladesh (BAT Bangladesh) will distribute around 4.0 million saplings free of cost country wide this year.
Among them, 0.818 million saplings will be distributed in Kushtia, 0.246 million in Jhenaidah, 0.211 million in Meherpu
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Bank Asia opens Islamic banking window
Bank Asia Limited has recently opened its 5th Islamic Banking Window at Sylhet Uposhohor branch Thursday, according to a press release.
Bank Asia Vice Chairman Mohammad Safwan Choudhury inaugurated the Islamic Window as the chief guest while its Preside
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Govt to close down tax ombudsman's office
Finance Minister AMA Muhith said Thursday the government would annul the Tax Ombudsman's Office.
"As I said earlier, we will not keep the Tax Ombudsman's Office," Mr Muhith told newsmen after his attention was drawn to the future appointment of a new Tax
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AL MP sued for assaulting policeman
Police filed a case against Awami League legislator Ilias Uddin Mollah of Dhaka-15 constituency in connection with assaulting a policeman on June 30.
This unprecedented incident of police filing a case against a ruling party lawmaker happened on Thursday
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Rice prices increase
The impact of increased procurement price on coarse rice appears to have reached the city market as cost of the rice went up by Tk 2 to Tk 4 a kilogram in three to four days.
Wholesalers across the country said they feared further decline in the supply o
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No hasty decision on coal policy
Prime Minister Sheikh Hasina has said that her government would not take any hasty decision regarding coal policy. "We will not take any decision whimsically, we will examine pros and cons of any proposal before implementing it," she said at the National
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Nepal's garment exports to US sink to zero
Long plunging garment exports to the United States have hit rock bottom with not one piece being shipped in June. Nepal's ready- made garment manufacturers received zero orders from the US during the month, The Kathmandu Post daily reported Tuesday.
Stat
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Police attack BNP human chains
One person died in Naogaon and more than 100 were injured across the country as the law enforcers charged with truncheons at opposition Bangladesh Nationalist Party activists at places during the party's human chain on Wednesday.
The law enforcers also p
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Rural economy to get highest importance
Revamping rural economy and including economically backward population in the development activities for better earning would receive highest importance in the agriculture loan distribution programme for the current fiscal (2010-11).
A competent source s
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Police issue directive to uphold human rights
The Dhaka Metropolitan Police on Wednesday issued a 12-point directive on all its personnel to stop custodial death and violation of fundamental and human rights in custody.
The Dhaka Metropolitan Police commissioner, AKM Shahidul Haque, issued the direc
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China shrugs off global fears with export strength
China's trade surplus in June topped expectations on surprising strength in exports that suggests the global economic recovery has remained on track despite worries about a fresh slowdown.
Many analysts believe the export momentum will soon wane, but for
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