Tk 1.32t budget unveiled
Finance Minister has unveiled a Tk.1.32 trillion national budget for 2010-11 fiscal aimed at spurring higher economic growth, aided by increased spending on energy and power and also encouraging private investments.
Laying out a record spending plan, th
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BNP dismisses Muhith budget
The BNP, in its immediate reaction on Thursday evening, dismissed the proposed budget as "too ambitious" and slammed the government for giving more to defence than to crucial power and energy.
"This budget is full of unrealistic dreams ... devoid of any
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Police take Mahmudur on remand
A Dhaka court has rejected a bail petition of Mahmudur Rahman, acting editor of the recently closed daily Amar Desh, in a case filed against him with Kotwali Police Station for obstructing the police in discharging their duties.
Meantime, Tejgaon police
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Amar Desh shutdown order stayed
The High Court has stayed for three months the government order closing Bangla daily Amar Desh.
It also stayed for the same period another order of the government refusing to make the daily's acting editor Mahmudur Rahman the publisher of the newspaper.
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No respite from power crisis
Severe outages continued across the country on Wednesday as gas supply from the Bangura field remained suspended after an accident on Monday in the transmission line connected to the gas field.
Power officials feared people might face outages during the
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IMF warns Asia of spillovers from European crisis
The International Monetary Fund (IMF) warned Asia of potential spillovers from the European debt crisis, which is unfolding a decade after the region underwent its own financial turmoil.
"Adverse developments in Europe could disrupt global trade, with im
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US lawyer jailed for $1b Ponzi scheme
A US court has sentenced a prominent Florida lawyer to 50 years in prison for running a fraudulent investment scheme worth more than $1bn (£685m).
Scott Rothstein had admitted selling shares in fabricated legal settlements and using some of the money to
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Bangladesh: Checking Islamist Extremism in a Pivotal Democracy
Continued from Last Issue...
Revolutionary Islamism. In the revolutionary model, Islamists reject the temporary compromise on principal or simply make no space to accommodate it. Instead, they choose to openly confront the existing system. The Jamaat-u
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Closure of Bangladesh Observer
The curtain has been brought down on an institution with the closure of the Bangladesh Observer that introduced English journalism in the country some six decades ago. The paper had sunk into deep trouble due to a long-drawn dispute between its owners and
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Sustain vigor
Admittedly, China's markets regulator has stepped up efforts to check insider trading to protect ordinary investors, but that is insufficient to effectively crack down on illegal trades based on non-disclosed market information.
The China Securities Reg
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Letter To The Editor - Nimtoli tragedy
It was reported in Amader Shomoy that six children died trapped as they had been kept locked in a bread factory. Areas such as Lalbagh, Hazaribabh, Keraniganj, Sutrapur, Jatrabari, Mirpur, Tongi, Wari, Dhalpur, Nawabpur and Kamrangir Char have a large num
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Stable public policy needed to attract FDI: Unido DG
Bangladesh needs stable public policies with a risk-free political environment to attract foreign investment and drive sustainable industrialisation, said the director general of United Nations Industrial Development Organisation (Unido).
"Public policy
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StanChart starts evening banking at Mirpur
Standard Chartered Bank has started evening banking services at its Mirpur branch for the greater convenience of the customers.
Customers can withdraw and deposit cash and cheques from 6.00 pm to 8.00 pm during the weekdays (Sunday to Thursday) at the b
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IBBL's deposit up by 20pc
Islami Bank Bangladesh Limited (IBBL) has earned a total deposit of Tk 258.87 billion (25,887 crore) upto May 31, 2010, showing a growth rate of 20 per cent against the same period of the previous year.
It was disclosed at a day-long zones and branch man
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BRAC Bank gets award
Bangladesh's BRAC Bank has been awarded as the Sustainable Bank of the Year 2010 at the FT Sustainable Banking Awards-2010, said a press release.
The award was jointly announced by Financial Times (FT) newspaper and IFC at a function held in London recen
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Cross-border red tape hinders ASEAN trade
Southeast Asian nations must coordinate efforts to cut cross-border red tape and promote regional road transport as they move towards a common market, industry players said on Monday.
Better links among the 10-member Association of Southeast Asian Nation
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GP approves 60pc dividend
Grameenphone, the country's top telecommunications service provider, Tuesday approved 60 per cent cash dividend for 2009.
The 13th Annual General Meeting (AGM) of the company at Bangabandhu International Convention Centre in the capital approved the divi
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Farm credit disbursement posts 15.78pc growth
Farm credit disbursements recorded a 15.78 per cent growth during the first 10 months of this fiscal, thanks to Bangladesh Bank's persistent plea for increased bank lending to farmers.
Eight state-owned banks and financial institutions (FIs) along with l
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New MD of BRAC Bank
Syed Mahbubur Rahman has been appointed Managing Director & CEO of BRAC Bank Limited with effect from today (Sunday).
Prior to this appointment he worked as the Deputy Managing Director at the same bank. Mr. Rahman takes over the responsibility from Mr.
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Airbus gets record 'superjumbo' order from Emirates
Dubai airline Emirates has announced an order for 32 A380 "superjumbos" for 11.5 billion dollars, the biggest contract in civil aviation history according to the aircraft's maker Airbus.
The A380 order, which takes to 90 the number ordered by Emirates, "
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India to ease cotton exports
India may allow its mills to export 306,000 bales of cotton to Bangladesh and Pakistan this month under stringent procedures. .
Following complaints from the textile mills that exports of Indian raw cotton on large scale had led to the item's domestic m
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DBBL celebrates 14th anniversary
Dutch-Bangla Bank Limited (DBBL) celebrated its 14th anniversary Thursday with a mission to serve the distressed humanity.
As a part of corporate social responsibility and to stand by the distressed humanity, DBBL arranged a programme in early part of t
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Web-portal eases job application procedure
A newly developed web-portal of the Directorate of Secondary and Higher Secondary Education now enables over 1.3 lakh candidates across the country to apply for the posts of teachers at government secondary schools online.
The new online application syst
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BB takes steps to implement 2nd stimulus package
The second stimulus package for development of the export sector came into effect Tuesday - more than six months after the government announced financial and policy supports for exporters.
The central bank issued a circular in this connection and asked
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Two panels for FBCCI election declared
Two separate panels for the upcoming FBCCI biennial election for the term of 2010-11 and 2011-12 were announced Sunday, pledging more democratic practices in the country's apex chamber body.
Delwar Hossain will lead Ganotantrik Babosayee Oikya Parishad
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DirectFN wants to help digitise stock market operation
Dubai-based DirectFN Ltd, popularly known as "Mubasher" likes to help digitize the Bangladesh's growing stock market operation and aware the brokers, investors as well.
"Our company now is in negotiations with the top brokerage houses of Dhaka Stock Exch
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DCCI team attend Kunming fair
A 32-member trade delegation of Dhaka Chamber of Commerce and Industry (DCCI) left Dhaka for China Friday to participate in the 18th China Kunming Import and Export Commodities Fair 2010.
DCCI Senior Vice President M Shahjahan Khan led the delegation. D
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Southeast Bank opens ATM booth
Southeast Bank Limited (SEBL) has recently opened its ATM booth on the campus of North South University (NSU), according to a press release.
Director and former chairman of SEBL and Chairman of the board of governors of North South University Foundation
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Goldman sued by hedge fund over notorious CDO deal
An Australian hedge fund is suing Goldman Sachs Group Inc (GS.N) over an investment in a subprime mortgage-linked security that contributed to the fund's demise in 2007.
The lawsuit filed on Wednesday accuses Goldman of misrepresenting the value of the n
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Wal-Mart sets $15 billion buyback
Wal-Mart Stores Inc plans to buy back $15 billion more of its shares and expects to add over 500,000 employees in the next five years as it increases its global presence.
At the same time, the discounter is working to turn around sales in its U.S. Walmar
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20 cos receive $153m orders in Canada expo
Twenty Bangladeshi companies, which participated in an exhibition in Canada recently, received spot orders worth US$ 153 million of their products, reports UNB.
Export Promotion Bureau (EPB) in cooperation with Bangladesh High Commission in Ottawa and Tr
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Is Your Resume Authentic?
If you perused resume advice when writing your resume, you learned the basics such as the importance of including accomplishments, creating a qualifications summary, customizing the resume to your goal and proofreading to make sure it's perfect. But now t
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Dr Baaquie talkson Integrated Science at IUB
Dr Belal E Baaquie, Professor at National University of Singapore delivered a talk on his new book entitled "Exploring Integrated Science" organized by the Independent University, Bangladesh, on 2 June 2010 at the University's Baridhara campus. In his tal
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China Education Exhibition'10 at North South University
A daylong 'China Education Exhibition 2010' was held in North South University (NSU) on May 13, 2010 at Student Plaza. Dilip Borua, Industry Minister was the Chief Guest, Zhang Xianyi, Ambassador of China in Bangladesh was the Special Guest, The Guest of
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South Carolina State University Professor Joins EWU
Dr. Abdul Malek Miah, Professor, Department of Industrial and Electrical Engineering Technology, South Carolina State University, USA has joined EEE Department, East West University in the Summer 2010 semester as a visiting faculty. Prof. Malek Miah had e
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AIUB's Summer Freshmen Orientation Holds
The orientation program of the American International University - Bangladesh (AIUB) for about 650 newly admitted students in undergraduate and graduate programs for the summer semester 2010 was held on May 19 and 20, 2010 at the AIUB Auditorium. The stud
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Oil spill: La. oyster shuckers fear for livelihood
An early morning workday ritual - the shucking of small mountains of oysters for New Orleans restaurants - fell victim to the BP offshore oil spill Thursday at a 134-year-old French Quarter oyster house where neighbors treated the news like a death in the
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Iraq aims to boost oil output to meet Asian demand
Iraq plans to boost its crude production capacity almost five-fold over the next seven years as the country moves to meet rising demand in Asia, its oil minister said on Monday.
Hussein al-Shahristani also said he did not plan to stay in his post in Bagh
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EU biofuels 'need to be certified for sustainability'
EU nations are being encouraged to set up certification schemes to ensure biofuels help cut emissions and do not threaten biodiversity.
The plans, outlined by the European Commission, would apply to all types of biofuels, including imported fuel.
The
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Oil extraction a threat to the future
Future oil extraction could create new environmental, social and technological challenges, says the UK's former chief scientist.
Sir David King said that, as global oil demand started to outstrip supply, oil companies would be forced to drill in unconve
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Russia becomes leading oil producer
Russia overtook Saudi Arabia to become the world's leading oil producer in 2009, while global oil consumption fell the most since 1982, BP has said.
According to the oil giant's latest Statistical Review of World Energy, Russia increased oil production
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Rich countries accused of carbon 'cheating'
Some rich countries are seeking new rules under the UN climate convention that campaigners say would allow them to gain credit for "business as usual".
Russia, Australia, Canada and some EU countries are among the accused.
The rules relate to land-use
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Bangladesh Observer shut down
The Bangladesh Observer, the oldest English daily of the country, has shut down.
Squabbling owners decided to close the long-suffering daily as journalists and employees, who were running the broadsheet since 1991, left.
The staff of the 60-year-old new
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Annis urges China to promote bilateral trade
Annisul Huq, president of Saarc Chamber of Commerce and Industry, has urged China to promote bilateral trade and economic cooperation with South Asia.
He was addressing the inaugural session of the fifth China-South Asia Business Forum at Kunming in Chi
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Chinese exports leap
China's exports jumped in May, reassuring investors about the economy's strength but putting pressure on U.S. President Barack Obama to placate critics who say Beijing is keeping the yuan unfairly undervalued.
Imports also grew robustly, testifying to th
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UN imposes new sanctions on Iran
World powers slapped the fourth set of UN sanctions on Iran Wednesday hoping to persuade the Islamic republic to curb its suspect nuclear programme by widening military and financial restrictions.
The vote in the 15-member council was 12 in favour of the
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Don't overstep on financial reform, industry says
Policy makers reacting to the global financial crisis should avoid overstepping with harsh new rules that would have adverse economic effects and resist the urge to score political points, industry heads warned on Thursday.
The world's policymakers and r
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SEC approves new trading curbs for large stocks
Securities regulators approved new so-called circuit breakers on Thursday in an attempt to prevent a repeat of the still-unexplained May 6 stock market drop.
The Securities and Exchange Commission said the exchanges could begin implementing the new rules
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Investors pledge billions at Bangalore summit
A summit in the southern Indian city of Bangalore has concluded with international and domestic investors pledging billions of dollars.
But analysts have cautioned that not all the money that has been promised will be forthcoming.
"It is a big success
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US trade deficit widens to 16-month high
The US trade deficit widened to a 16-month high in April, as both imports and exports fell slightly.
According to the Commerce Department's data the total monthly deficit was $40.3bn (£27.5bn), up 0.6% from March.
Exports fell 0.7% from the previous m
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Merkel and Sarkozy want EU to ban high-risk trading
The leaders of France and Germany have urged the European Commission to impose an EU-wide ban on speculative trading known as naked short-selling.
It is a show of unity meant to ease concerns about policy divisions between the two biggest eurozone count
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Prices up, prices down
Finance minister AMA Muhith's proposal to reduce depreciation facilities for reconditioned cars from the current 50 percent to 25 percent means that they will become pricier.
Taxes for motor vehicles between 1000cc and 1500cc and microbuses below 1800cc
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Mobile operators unhappy
The mobile phone operators and set vendors are disappointed with the proposed budget for retaining the SIM tax and duty on handsets.
Leaders of the Association of Mobile Telecom Operations in Bangladesh (AMTOB) and Mobile Phone Importers' Association (MP
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ADP execution main challenge
The proposed budget will test the government's capacity to execute the even larger annual development outlay, analysts say.
Otherwise, the proposed budget offers nothing new, according to former caretaker government adviser Akbar Ali Khan
"It's simply t
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