Cases filed against 60,000 RMG workers
Garment sector witnessed a major setback as violence suspended production at factories at Ashulia in the last week but the RMG units were later reopened. The police have filed a case against 60,000 unidentified readymade garment workers over Tuesday's un
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Khaleda warns govt against hurdles
Bangladesh Nationalist Party is going to observe hartal today in the backdrop of lagging development, education, employment and business.
Before the hartal, BNP chief Khaleda Zia has warned the government against any obstruction to the countrywide genera
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Gazette notification of DAP issued
The government has issued the much expected gazette notification of the Detailed Area Plan (DAP) for the capital Dhaka.
The gazette notification was issued under section 73 of Town Improvement Act, 1953 (E. B Act XIII of 1953), encompassing 1,528 kilomet
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Banks increase agri lending
The commercial banks put heavy stress on the distribution of agriculture loan for growing crops. As a result, other sub-sectors in the agriculture sector like fisheries, livestock have found place in the back row in the agriculture loan distribution opera
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Asian millionaires worth more than Europeans
Asia-Pacific millionaires are collectively worth more than their European counterparts for the first time, with the rich in China and India leading the way, a study said Wednesday. More millionaires are expected to be minted in a region that has produced
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Speedy trial act extended
The ruling Awami League, which once vehemently opposed it when in opposition, extended the duration of the speedy trial tribunal for two more years on Thursday. Home minister Sahara Khatun proposed enactment of the "Law and Order Infringement (speedy tri
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Energy crisis cuts growth by 2pc
Electricity and gas crises are severely hampering economic development to the tune of 2 percent loss in GDP growth.
They also cause production loss of around $1.33 billion to export-oriented industries every year.
The statistics were presented at a semi
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Mahmudur kept blindfolded for 10 hours
Mahmudur Rahman, the acting editor of daily Amar Desh, told a Dhaka court Thursday that he was taken to the Rapid Action Battalion headquarters and kept there blindfolded for over ten hours on Wednesday.
He was produced at the Chief Metropolitan Magistra
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Moscow aims to become a global financial centre
Moscow has long seen itself as an international cultural and historical hub. Now the Russian government wants to turn it into a global financial centre.
The initiative aims to make foreign investors feel welcome and to improve Russia's image among inter
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Unrest in RMG sector
The garment manufacturers openly blamed a vested quarter for recent violent labour unrest at Ashulia which left about a 100 people injured and the shutdown of factories in the neighbourhood. This is a serious allegation and deserves investigation to estab
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As China's wages rise, export prices may follow
Chinese workers' increasing salaries will "ripple through the global economy, driving up the prices of goods ranging from T-shirts to computer servers," said an article in the New York Times on June 7.
The article revealed that with the "growing clout of
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China's Insurance Market: Lessons from Taiwan
The countdown to the moment when China's economy surpasses that of the U.S. seems a long way off. China's insurance market is poised to overtake the U.S.'s a lot sooner, possibly as early as 2020. The mainland life market almost doubled in size from 2006
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Worrying Signs in India's Microfinance Boom
Savita Ramesh Rathore stands at the door of her dimly lit workshop in Mumbai's Dharavi slum, filled floor to ceiling with bundles of old clothes, and talks about the cost of her son's wedding last year. "Jewels, clothes, food, the town hall," says Rathore
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Letter To The Editor - Industries in residential areas
The recent tragic incident of Nimtoli has opened everybody's eye and at the same time raised our level of fear and concern. My younger sister is living at Mirpur-2, Dhaka. Although this is a small housing, this is going to be an industrial housing-cum res
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Letter To The Editor - Save RMG sector
I humbly request the government to save the garments sector. This is a major foreign exchange-earning sector in our country. Through garments we are increasing our foreign currency reserve. But now-a-days it seems foreign buyers are discouraged by the gar
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Citi receives FinanceAsia awards
Citi received the prestigious FinanceAsia Structured Products Awards for the 12-month period from the start of the second quarter 2009.
FinanceAsia has announced the awards recently, said a press release.
Citi has received both Best FX House & Best Equ
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Mobile operators for withdrawal of SIM tax
Association of Mobile Operators of Bangladesh (AMTOB) Tuesday highlighted the discrepancies in the proposed Telecommunications Act 2001 and made some specific suggestions to rectify them
The operators also made a plea for removal of SIM tax for the sake
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CNN drops Associated Press
US television news network CNN said Monday it was dropping the US news agency the Associated Press (AP) as it expands its own news gathering operation.
"We will no longer use AP materials or services," Jim Walton, the president of CNN Worldwide, said in
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BAT afforestation campaign launched
British American Tobacco (BAT) Bangladesh launched its annual Nationwide Afforestation Campaign and Sapling Distribution event Tuesday in the city as the company marked 30 years of its afforestation journey.
State Minister for Environment and Forests Dr
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Philippines' Arroyo leaving behind economic problems
Philippine President Gloria Arroyo will step down next week after overseeing nine years of economic growth, but analysts say the poor masses have missed out and her successor will inherit major problems.
A third of the nation's 92 million people remain i
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Monetary policy on July 8
Bangladesh Bank will announce the new monetary policy on July 8 for the second half of this year.
BB governor Atiur Rahman will announce the monetary policy at a press conference at the central bank headquarters in the city, a BB official told the news a
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Short PSI product list to hit local industry hard
The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) urged the government to withdraw the budgetary proposal for reduction in products from the existing PSI (Pre-Shipment Inspection) list as it felt that if implemented this would serious
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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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Bangladesh Thai Alum celebrates 30th anniversary
Bangladesh Thai Aluminium Ltd celebrated completion of thirtieth year of industrial activity and contribution in the growth of the national economy and forest preservation in a city hotel recently.
The occasion was graced by Lt. Colonel (Rtd) Faruk Khan,
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New FBCCI directors
SM Nurul Hoque has been elected director to the board of the Federation of Bangladesh Chambers of Commerce and Industry for the term 2010-2011 and 2011-2012 with the nomination of the Chittagong Chamber of Commerce and Industry
Nurul Hoque was senior vic
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Steel makers seek policy support
The local steel manufacturers want to emerge as steel exporters to neighbouring India, subject to receiving the policy support of the government.
They claimed that presently they are utilising just half of their production capacity due to limited demand
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Banglalion, Citycell to spread out WiMAX
Banglalion Commu-nication Limited and mobile phone operator Citycell have signed agreement to extend wireless internet service WiMAX in Dhaka and elsewhere in the country by the end of this year.
Under the agreement, Banglalion will use the infrastructur
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Economists urge govt to cut dependency on foreign aid
Economists and experts are suggesting the government rethink increasing revenue income for the country to achieve the desired economic growth by cutting dependency on foreign aid and bank loans and strengthening the local government system.
They think co
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Yussuf Abdullah re-elected Asia Ins chairman
Yussuf Abdullah Harun has recently been re-elected chairmen of Asia Insurance Limited at the 75th board meeting of the company at Sonargaon Hotel in Dhaka.
The board of directors of the company re-elected Mohammed Jamal Ullah its vice-chairman at the mee
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Walton TV sales increase
Walton showrooms all over the country are experiencing growing turnout of television customers on the occasion of FIFA World Cup-2010.
According to relevant sources, from the beginning of World Cup excitement, everyday customers are thronging the Walton
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Sonargaon Tex okay 10pc stock dividend
The shareholders of Sonargaon Textiles Ltd approved 10 per cent stock dividend for the year 2009.
The approval came at the 24th annual general meeting (AGM) of the company for the year 2009 held at Barisal Club in Barisal recently.
Sonargaon Textiles Ma
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Australia, China sign major business deals
Australia and China signed new deals worth 10 billion dollars ($8.8 billion) and vowed to push for an early free trade agreement as they ignored diplomatic concerns to focus on economic ties.
Prime minister Kevin Rudd warmly welcomed China's vice-preside
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Teletalk to get $ 211m Chinese assistance
China is giving an assistance of US$ 211 million for expansion of network of public sector mobile phone company, the Teletalk.
The government received a letter from the Chinese authorities on 17 June in this regard, said Additional Secretary of Post and
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GMG unveils new webpage
GMG Airlines has unveiled its new website at www.gmgairlines.com by bringing a fresh new look and increased functionality for the users.
On the new cutting edge website, the users will find full details of GMG routes and schedules, contact details for i
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Interview Coach - Killer Interview Skills for Recent Grads
With graduation season upon us, across the country grads are waking up from their celebrations and realizing that they still face the monumental task of finding work in one of the toughest job markets for young people in years. To find a good gig, they'll
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CV Center Phrases To Avoid In Your Resume
If you want to avoid being passed over for an interview, stay away from the dozens of "boilerplate" phrases littering thousands of resumes. Recruiters and H.R. reps are likely to move on to the next candidate's resume after spotting a couple of terms like
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Twenty Ways To Get Mentally Tough
1. When you face a setback, think of it as a defining moment that will lead to a future accomplishment.
2. When you encounter adversity, remember, the best don't just face adversity; they embrace it, knowing it's not a dead end but a detour to something
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NSU Launched Canvas Club For Searching Creative Minds
North South University (NSU) recently opens another students club branded as 'NSU Canvas Club (NSUCC)' to discover creative artists. Canvas Club is a platform where creative minds of NSU students can come and explore imagination.
The inaugural ceremony o
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Summer Semester Starts At IUB
Independent University, Bangladesh (IUB) organized an orientation programme on Saturday, June 5, 2010 at its permanent campus at Bashundhara for the newly admitted students of the Summer 2010 semester.
The programme begins with one minute silence in memo
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Seminar On 'How To Become An Entrepreneur' Held At EWU
East West University Business Club and Investment Climate Research Unit (ICRU) in association with International Finance Corporation (IFC) organized a seminar on 'How To Become An Entrepreneur' on 16 June 2010 at EWU auditorium. Professor Dr. Mohammed Sha
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World's rich got richer amid '09 recession: report
The rich grew richer last year, even as the world endured the worst recession in decades.
A stock market rebound helped the world's ranks of millionaires climb 17 percent to 10 million, while their collective wealth surged 19 percent to $39 trillion, nea
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Russia reduces gas to Belarus over payment dispute
Russia reduced natural gas supplies to Belarus on Monday after Minsk failed to settle a debt, brandishing again the country's energy clout and raising the spectre of supply disruptions to Europe.
The flow of Russian gas to Europe via Belarus was not imme
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Govt urged not to raise CNG price
Six business associations in the transport and CNG (compressed natural gas) sectors at a meeting expressed grave concern over the government proposal to raise the CNG price.
The trade bodies are: Bangladesh Road Transport Association, Bangladesh Bus Truc
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Feds, oil firms exploring new idea to capture oil
Government and industry leaders are exploring a new way to capture oil gushing from the blown-out well at the bottom of the Gulf of Mexico.
Coast Guard Adm. Thad Allen said Tuesday they're looking into whether pipelines could be extended from the leaking
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Adidas expects football sales of 1.5b euros
German sportswear and equipment group Adidas said Monday that it expected record 2010 football-related sales thanks to the World Cup in South Africa.
The company forecast sales of at least 1.5 billion euros (1.9 billion dollars) from balls, jerseys, boot
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Intel says in talks to settle US antitrust probe
Intel said Monday it was in talks with US antitrust watchdogs on a settlement to a probe into whether the computer chipmaker has illegally monopolized the market.
Intel said in a statement that lawyers for the company and the Federal Trade Commission on
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Judge lifts offshore drilling ban as 'overbearing'
A federal judge struck down the Obama administration's six-month ban on deepwater oil drilling in the Gulf of Mexico as rash and heavy-handed Tuesday, saying the government simply assumed that because one rig exploded, the others pose an imminent danger,
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Govt borrowing from banking sector to fuel inflation
The World Bank (WB) on Thursday said achieving the country's growth target as proposed in the budget for 2010-2011 fiscal year would largely depend on 'fortune', enhanced public investment and prudent financial management. Terming the proposed budget an
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CRPL has many loopholes
Consumer Right Protection Law-2009 (CRPL) would not be able to protect the consumers' rights in the country without some amendments, as it has many loopholes, speakers at a discussion said Thursday.
The discussants opined that the existing law, which was
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Azad new FBCCI president
Leading garment exporter and publisher of the daily Samokal, AK Azad, has been elected president of Federation of Bangladesh Chambers of Commerce and Industry, the country's apex trade body.
The newly elected directors of the FBCCI board also unanimously
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Use new jute invention for development: PM
Prime minister Sheikh Hasina has urged scientists to properly utilise the discovery of jute's life mystery to develop the country on social and economic fronts. She made the call when a team of scientists who sequenced the genome of jute called on her at
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Mobile payment service to benefit poor
Secure mobile payments solution can extend the benefits of mobile-based electronic commerce, or m-commerce to people living on less than $2 a day in Bangladesh, said a study of the LIRNEasia, a Colombo-based regional think tank on ICT and telecom regulati
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FICCI for continuation of money whitening scheme
The Foreign Investors' Chamber of Commerce & Industry (FICCI) has pleaded for continuation of the facility to legalise untaxed money beyond the current financial year to help investment pick up.
The Chamber leaders also demanded of the government to keep
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Regulators take step toward broadband rules
Communications authorities on Thursday took a small but significant step toward regulating high-speed Internet in a bid to reclaim oversight, setting the stage for an eventual legal showdown with industry heavyweights.
Big broadband providers like AT&T I
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Saudi gold reserve guesstimate doubles
Estimates of the gold reserves held by Saudi Arabia have been doubled to 323 tons after an accounting change.
The Middle East kingdom had previously been calculated by the World Gold Council as owning a mere 143 tons.
The trade organisation said it chan
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Sufferings of Aila victims continue
Thousands of Cyclone Aila victims will have to remain in their makeshift homes at least until the next dry season.
Food and disaster management minister Abdur Razzaque admitted on Thursday that the government would not be able to return 70,000 victims of
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Toshiba to make motors for Ford hybrid
Japanese electronics giant Toshiba said Wednesday it will build electric motors for a new Ford hybrid vehicle at its plant in the United States.
The company, already building motors for bullet trains, elevators and machinery, is looking to expand its bus
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Nissan CEO gets highest exec salary in Japan
Nissan chief Carlos Ghosn said Wednesday he earned $9.8 million last year, the highest executive salary publicly reported in Japan so far.
The Brazilian born businessman of Lebanese origin is CEO of both Nissan and its largest shareholder, Renault, which
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Qatar and Kuwait eye Chinese bank flotation
Qatar and Kuwait are said to be lining up to invest $3.6bn (£2.4bn) in the flotation of the Agricultural Bank of China.
The share sale is set to be the world's biggest initial public offering (IPO). News agencies Reuters and Dow Jones both reported that
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