US views War crime trials aims at weakening BNP
The government's initiative to hold trial of war criminals is aimed at weakening its opposition to reign supremacy in the political front, said US-based Heritage Foundation.
"The Awami League finds it advantageous to raise the issue in its quest to disma
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Energy crisis hinders growth: WB
The World Bank (WB) projected low economic growth for Bangladesh in the next fiscal year, taking into account fallout from the continuing energy crisis.
The WB said GDP could be between 5.5 percent and 6.1 percent, against the government's prediction for
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Emergency wheat purchase
The cabinet committee on purchase approved a proposal of the food ministry to procure 70,000 metric tonnes of Soft Red Winter (SRW) variety of wheat to meet foodgrain shortage.
The meeting was held at the cabinet division with planning minister AK Khanda
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Dollar price increases in kerb market
Dollar price, all of a sudden, shot up in the kerb market. For, in the official money market, the price of one dollar is still fluctuating in between Tk. 69 and Tk. 63.30, whereas, in the kerb market the price of it shot up to around Tk 72.50. The upward
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HC upholds Jamuna TV shutdown order
The High Court in a verdict justified the government decision to cancel the allocation of frequency to Jamuna Television (JTV) and stop its test transmission.
The court, however, directed the government to expeditiously dispose of the application submitt
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Chevron claim rejected in int'l court
An international arbitration court has turned down US oil giant Chevron's age-old claim of around $240 million from Petrobangla.
Chevron had filed the case with the International Centre for Settlement of Investment Disputes (ICSID) in March, 2006 saying
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Senate passes massive Wall Street regulation bill
Prodded by national anger at Wall Street, the Senate on Thursday passed the most far-reaching restraints on big banks since the Great Depression. In its broad sweep, the massive bill would touch Wall Street CEOs and first-time homebuyers, high-flying trad
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How to Pay Down the Debt
A death panel for the national debt? Please. Even members of the National Commission on Fiscal Responsibility and Reform seriously doubt whether they can construct a "grand compromise" on taxes and spending. America isn't Greece (yet). Not enough sense of
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Big Banks Too Could Fall in Financial Crisis
As the United States government is trying to put the country's financial house in order, there has been a rising call for the downsizing of banks.
The common notion that some banks are simply "too big to fail" has brought to the forefront the issue of m
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Sharing resources within the Muslim world
Prime Minister Sheikh Hasina has called for sharing of resources within the Muslim world in her address to the plenary session of the World Islamic Economic Forum (WIEF) in Kuala Lumpur. This call from a major Muslim country needs to draw the attention of
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Fading of Inflation Helps Buyers and Borrowers
WASHINGTON - It's a good time to buy a car or refinance a mortgage, thanks to super-low inflation and interest rates.
Invest in a savings account? Forget it.
Consumer inflation has all but disappeared, the government reported Wednesday. The Federal Rese
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Letter To The Editor - BTRC's harsh decision
Hundreds of thousands of the subscribers of five private land phone companies have fallen into very great difficulties from their disabled phone connections following the license cancellation order of these companies by the Bangladesh Telecommunication Re
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Shipbuilders urge govt to provide 15pc cash incentive
The speakers and Shipbuilders at a seminar on Present Condition & Export Opportunities of Shipbuilding in Bangladesh, urged the government to provide 15 per cent cash incentive to vessel export, cut in bank interest rate and simplifying of visa procedures
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Govt to open VoIP in three months
Any operator can handle international calls through voice over internet protocol (VoIP) technology within three months under a licensing regime, Telecom Minister Rajiuddin Ahmed Raju said.
"We have already made an announcement to open up the technology.
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IBBL okays 30pc dividend
Islami Bank Bangladesh Limited has approved 20 per cent stock and 10 per cent cash dividends for the shareholders for the year 2009.
The approval came in the 27th Annual General Meeting of the Bank held Wednesday in the city.
Presided over by Prof. Abu
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DBBL training course ends
The four-week 27th foundation training course organised for the officers of Dutch-Bangla Bank Limited (DBBL) concluded Wednesday, says a press release.
A certificate-awarding ceremony was held at DBBL Training Centre in the city.
Managing Director of t
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Citi gets Asian Banker award
Citi's Global Transaction Services has won 'The Asian Banker' Achievement Award for Payments (Asia Pacific) recently.
In winning this award for the second straight year, Citi has received a strong endorsement of its ongoing leadership in providing innov
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Infrastructure hinders sustainable growth
The resident representative of the International Monetary Fund (IMF) Eteri Kvintradze has said Bangladesh has really an amazing potential to grow and develop to offer its people a better life in next 5-10 years.
She has, however, stressed the need for ad
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Toyota to recall 11,500 Lexus vehicles
Toyota Motor Corp said Wednesday it would recall 11,500 Lexus vehicles worldwide due to a steering system defect, in the latest blow to the Japanese auto giant's reputation.
Toyota said it had received 12 reports of electrical problems causing the steeri
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NCC Bank plans to opens100 ATMs
National Credit and Commerce Bank plans to open 100 ATM booths in Dhaka by June 2011 to ensure round-the-clock money withdrawal for clients.
Nurul Amin, managing director of the bank, made the announcement at a press conference organised at the bank's he
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Trust Bank introduces SME product
Trust Bank Limited launched a new SME product ‘Trust-Bunon’ to finance power loom, handloom and other allied industries at a ceremony at Dhaka Chamber of Commerce and Industry auditorium on Tuesday.
Governor of Bangladesh Bank Atiur Rahman launched th
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Malaysia to issue first Islamic bonds in eight years
Malaysia prime minister Najib Razak Tuesday said Malaysia will issue its first Islamic dollar bonds, or sukuk, in eight years, with analysts suggesting it is aiming to raise up to a billion dollars.
‘I believe ... Malaysia is now well positioned to mak
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Farm machinery industry growing
Agriculture experts at a seminar on Wednesday called on the government to declare two special zones in Bogra and Jessore for manufacturing agricultural machinery and spare parts.
This industry is now growing in the country despite various hurdles and B
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Dhaka, Seoul sign four deals
Bangladesh and South Korea signed four deals including on Economic Development Fund Loan and Energy Cooperation.
Agreement on the Economic Development Fund Loan and a MoU on the Energy Cooperation were signed Tuesday noon at the end of the summit talks b
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Coke cancels deal with Tabani
The Indian regional office of Coca Cola has cancelled its agreement with Tabani Beverage, a sister concern of Bangladesh Muktijodhha Kallyan Trust (MKT).
The investment of about Tk 1400 crore of the Tabani Beverage has thus put to uncertainty, sources sa
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Banks asked to gear up social initiatives
CSR contribution is set to come as a yardstick for the banks in their future ratings- Bangladesh Bank Governor Dr. Atiur Rahman said Sunday, asking the country’s financial institutions to gear up their social initiatives.
Corporate Social Responsibility-
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Germany moots eurozone insolvency plan
German central bank governor Axel Weber, a member of the European Central Bank governing council, stressed on Wednesday the urgency of reforming eurozone institutions, including finding a way for member countries to declare insolvency.
Eurozone countries
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Faruk asks for more Malaysian investment
Commerce Minister Faruk Khan has called upon Malaysian investors to undertake new investment ventures in the country’s fast growing manufacturing, services and infrastructure sectors, according to a message received.
The minister made the plea while addr
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HK tycoon pays $233m for elite property
One of Hong Kong’s richest tycoons has paid about 233 million US dollars for a property in the city’s upmarket Peak area, confounding hopes of a cool-down in the real estate market.
Henderson Land Development Chairman Lee Shau-kee paid 68,229 Hong Kong d
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0.1m women to get job abroad
Minister for Expatriates’ Welfare and Overseas Employment Khondaker Mosharraf Hossain said the government is planning to send one lakh women workers abroad within next one year after giving them necessary training.
“We will open separate wings in our som
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BDCom linked with Warid
BDCom Online Limited’s IP Phone service ‘Katha’ has linked itself with the network of Warid Telecom Ltd from May 11, 2010.
This would enable all BDCom subscribers to receive and make calls from any Warid numbers, a press release said.
It is to mention t
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Emirates, Travelport sign content deal
Emirates Airline and global distribution system (GDS) provider Travelport signed a global content deal to provide the access to all Galileo, Apollo and Worldspan-connected travel agents to the airline’s full inventory of flights and fares, said a handout
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Square Pharma to set up insulin plant
Square Pharmaceuticals has become the country’s third medicine maker to set up an insulin manufacturing unit in hopes to keep the highly expensive drug within patients’ purchasing capacity.
The pharma giant has already started production at the state-of-
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Singer Plus launches WC campaign
Singer Plus launched a special campaign titled ‘Panch koti takar golden goal offer’ from Sunday (May 16) across the country on the occasion of Football World Cup, said a press release.
Under the campaign, the purchasers of television sets will avail a mi
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Vodafone, Bharti win 3G spectrum in India
Vodafone and Bharti paid a combined $5.1 billion for 3G mobile licences in India, ending an epic auction that yields a bonanza for a deficit-strapped government but puts winners under pressure.
Reliance Communications also won the right to provide third-
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Biman to take lease of 2 aircraft
The state-run Biman is going to take lease two wide-bodied Boeing 777-200 aircraft as part of its desperate attempt to replace the aging DC-10-30s which are frequently facing technical troubles, top Biman official said.
“We are at the stage of finalising
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Managing Your Boss 12 Things You Need to Know
In today's working world, it's more important than ever to turn your boss into a strategic partner.
Learning how to "manage up" is a critical skill that contributes toward the success of your boss, the success of your organization, and ultimately toward
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Next Generation Telecommunication- IP Telephone, 3G and WiMAX
A seminar on "IP Telephone, 3G and WiMAX the Key Technologies for Next Generation Telecommunication Infrastructure" was held at the North South University. The seminar was jointly organized by CICT (Center of Information Communication Technology) and Wire
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9 Ways To Be Happy In A Job You Don't Like
For most of us, work is a requirement. Until we uncover or create the opportunity that allows us to work our passion, we may be in a job that's just, well…a job.
Accepting your 9-5 is just a job works fine until you finally start listening to your passio
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The Art and Skill Of Saying 'No' Effectively
We all get bombarded with requests and demands for our attention and our time. Learning to say "No" in a way that is respectful but firm is a key skill you can develop to handle those requests you simply do not have time for, or the knowledge to do effect
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'Global Leadership: The Next Generation' Holds At IUB
The International Affairs Club (IAC) of IUB organized a seminar titled 'Global Leadership: The Next Generation' on the 8 April 2010 at Baridhara campus 9. Former ambassador and President of Bangladesh Enterprise Institute (BEI), Mr. Farooq Sobhan and form
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A Malaysian Delegation Visited Northern University City Campus
A delegation from University Putra Malaysia and University Kebanssan Malaysia (National University Malaysia) visited Northern University City Campus on May 15, 2010.
Prof. Jayum Anak Jawan, Department of Political Science & Deputy Dean, Postgraduate Stu
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Syrupy oil washes into La. marshes for first time
The spectacle many had feared for a month finally began unfolding as gooey, rust-colored oil washed into the marshes at the mouth of the Mississippi for the first time, stoking public anger and frustration with both BP and the government.
The sense of gl
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Matter wins battle over antimatter
The seemingly inescapable fact that matter and antimatter particles destroy each other on contact has long puzzled physicists wondering how life, the universe or anything else can exist at all. But new results from a particle accelerator experiment sugges
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More banks are troubled even as industry recovers
The number of troubled banks kept growing last quarter even as the industry as a whole had its best quarter in two years.
The Federal Deposit Insurance Corp. said Thursday that the number of banks on its confidential "problem" list grew to 775 in the Jan
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Toyota teams up with Tesla to make electric cars
Toyota Motor said Friday it is to acquire a 50 million dollar stake in Tesla Motors and will jointly develop electric vehicles with the Silicon Valley firm.
Toyota and Tesla Motors, based in Palo Alto, California, "intend to cooperate on the development
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BA crew to strike next week after court ruling: union
British Airways cabin crew plan to go ahead with a five-day strike next week after a court on Thursday upheld their right to stage the action, union officials said.
"British Airways management now has a chance over the next three days to address our outs
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Dell plagued by supply shortage
Dell Inc's quarterly sales and profit beat expectations but its gross margin fell short of analysts' forecasts and the computer maker warned that components supply will remain tight.
Dell, whose shares fell 3 percent after the results on Thursday, has be
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Probe finds Tk 700cr graft in Biman
A parliamentary sub-committee has found corruption involving Tk 700 crore in purchase and maintenance of aircraft and equipment of Biman Bangladesh Airlines in the last 18 years.
Former president HM Ershad, ex-premier and BNP Chairperson Khaleda Zia, he
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Brazil to replicate Grameen Bank micro-credit model
Brazil mulls over replicating Grameen Bank micro-credit model in its country to improve socio-economic conditions of its poor people, said Jean Marcel Fernandes, Special Adviser to the Deputy Foreign Minster of the Brazil government.
He was sharing his
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Share resources within Muslim world: Hasina
Prime Minister Sheikh Hasina urged the Muslim countries to share resources, technologies and market opportunities to build on the synergies and have a multiplier effect on their efforts.
She was addressing the opening session of the sixth World Islamic E
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Govt mulls law to seize undisclosed wealth
The government is planning to formulate a regulation to confiscate wealth of taxpayers beyond what they state in their tax return.
Chairman of the parliamentary standing committee on Finance Ministry HM Mostafa Kamal (Lotus Kamal) disclosed the initiativ
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Europe battles divisions over economic crisis
Europe battled divisions in its ranks over its debt crisis on Thursday as Germany ordered a crackdown on financial markets and protestors challenged austerity cuts in Greece and Spain.
Global stock markets suffered a fresh sell-off as a surprise jump in
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80pc pass SSC, other exams
The pass percentage in the Secondary School Certificate (SSC) and equivalent examinations has almost hit double-digit growth this year with one in 11 students came out best scorer, results published Saturday showed.
A total of 79.98 per cent candidates
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Dhaka to boost cooperation in trade, investment with Seoul
Bangladesh and South Korea on Tuesday agreed to intensify cooperation in trade, investment, transfer of technology, energy and infrastructure development for mutual benefit.
This was announced in a joint communiqué issued at the end of Prime Minister She
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Hasina seeks Malaysian investment
Prime Minister Sheikh Hasina has urged Malaysian entrepreneurs to invest in Bangladesh particularly in labour intensive industries, including RMG, textile, light engineering, electronics, agro-based products, ICT, power and infrastructure.
Addressing a r
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Recasting of RMG wage board demanded
A section of trade union leaders in garment sector demanded immediate recast of the 'minimum wage board' as no workers' representative was appointed in the board for recommending minimum wage for the workers.
Baharane Sultan Bahar, a trade union leader,
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BB limits banks' CEOs incentives
Bangladesh Bank (BB) has fixed the ceiling of the incentive that the banks and other financial institutions can offer their chief executive officers (CEOs).
A central bank circular issued Tuesday directed all the banks and financial institutions not to o
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Google unveils platform to bring Web to TV set
Internet giant Google unveiled an ambitious new service on Thursday that aims to bring the Internet into the living room by allowing television viewers to surf the Web on their TV sets.
"Google TV is a new platform that we believe will change the future
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Sears profit tumbles as sales weaken
Sears Holdings Corp's quarterly profit plunged 38 percent as sales lost momentum late in the quarter and higher costs and markdowns weighed on margins, pushing its shares down 7.3 percent.
The operator of Sears department stores and Kmart discount stores
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