Azad takes over FBCCI as chief
AK Azad, President of FBCCI and board of directors of the apex trade body took charge for a period of two-year term (2010-12) Wednesday.
AK Azad is the 20th president of the FBCCI since 1974.
The apex trade body organised a simple function to mark the
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Sixth five-year plan Outsourcing decision not transparent
A meeting of the panel of economists on the government's five-year plan held the view that the decision to contract a private research organisation to formulate the plan's draft was not taken in a fully transparent manner.
While one economist had threat
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Abbas's house vandalised
Law enforcers after the arrest of the BNP's standing committee member Mirza Abbas at a procession, entered his house at Shahjahanpur during the strike hours on Sunday, beat up the members of the family and vandalised the rooms. Witnesses said after Abbas'
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Yahoo board approves $3b stock buyback
Yahoo Inc approved a plan to repurchase up to $3 billion of its common stock over the next three years, the company said on Wednesday.
The buyback programme, which was approved by Yahoo's board on June 24, comes as the internet company's existing stock r
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Facebook, Twitter powerful business tools
Social media such as Facebook and Twitter or blogging sites have become powerful tools that influence what people buy, online researcher Nielsen said Wednesday, urging business to embrace the trend.
Nearly three in four people worldwide who use the Inter
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Mel Gibson sells 75-acre estate for $24m
Actor Mel Gibson has sold his 75-acre estate in Greenwich, Conn., for $24 million.
The property, known as Old Mill Farm, had been on the market since 2007, when it was listed for $39.5 million. It had recently been advertised for $29.7 million.
Accordin
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India to finance 14 projects
Out of 29 projects submitted by different ministries 14 have been selected for implementation under the one billion dollars tight Indian credit, it is reliably learnt.
Of the 14 projects, one relates to the ministry of industry, one belongs to the minist
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UK to limit number of migrant workers
The new British government plans to limit the number of workers entering the United Kingdom from outside Europe, a move taken to get Britain back to work and reduce the need for migrants.
Home Secretary Theresa May announced the government plan Monday, w
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World T20 in Bangladesh in 2014
Bangladesh will host the World Twenty20 tournament in 2014 after Sri Lanka in 2012.
This was decided a meeting of the International Cricket Council executive board in Singapore on Thursday, according to cricinfo.com.
Among other decisions, England wil
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India's mobile market nightmare
If India's cellular revolution is a boon to consumers, it has become a nightmare for the operators that is likely to get worse before it gets better.
Consolidation in the 15-player market, which is the world's second-largest with more than 600 million us
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Information Minister and Yellow Journalism
Information minister has recently disclosed that the government is going to formulate a law aimed at preventing what it calls yellow journalism. Our response is plain, simple and without ambiguity. A new law cannot be the answer to the problem. If there i
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Riding a Wave Out of M&A
The trail that leads from the Ivy League through law school to white-shoe firm Sullivan & Cromwell rarely ends at a remote Brazilian beach. Yet it did for Hans Keeling after just three years of working on mergers and acquisitions for the New York City law
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Separate pay scale for banks
This is the recent news that the nationalised banks i.e. Sonali Bank Limited, Janata Bank Limited and the Agrani Bank Limited, including Bangladesh Bank, are going to have a separate pay scale. Already, the banks have submitted their proposed pay structur
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Ban import of used cars
All the countries in the world have made our country a dumping ground of old cars which they do not want to keep in their own country. You must impose immediate ban on the import of used cars.
Our suggestion is to build elevated railways or underground t
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Revival of jute sector
Jute, the golden fibre of Bangladesh, once again makes presence in the media as its genetic coding has been decoded by a Bangladeshi scientist in collaboration with other aiding agencies. Being a deltaic country, Bangladesh has to face a number of natural
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Cementing cross-Straits ties
Trade pact between Beijing and Taipei is good for the island'seconomic growth and carries much political weight
Beijing and Taipei signed the much-awaited Economic Cooperation Framework Agreement (ECFA) in Chongqing Tuesday, a move that reflected the com
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The New Russian Dream, One Home at a Time
The Soviet Union collapsed nearly two decades ago, yet in Moscow the habit of central planning dies hard. Russian President Dmitry Medvedev, in a speech two years ago, bemoaned the fact that 77 percent of the country's 142 million citizens live "cooped up
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Building Responsible Leaders
Ask people to name great leaders, and chances are that they will choose a person who "fought to improve the state of the world" in one way or another; Gandhi, perhaps, or Winston Churchill. They will also name-more provocatively but just as accurately-som
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Businessmen not happy
Despite some adjustments with the demands from different sectors, the 2010-11 budget could not appease businesspeople-be it a large apparel exporter, or a small bread maker.
They say the new budget that was passed in parliament yesterday failed to give t
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JS passes budget for FY11
The Jatiya Sangsad, in the absence of the main opposition BNP, has passed the budget for the fiscal year 2010-11 while the main challenge lies in its implementation, containing inflation and achieving higher GDP growth.
The budget, the second by this Awa
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Govt has no plan to reopen all closed jute mills
Finance Minister Abul Maal Abdul Muhith Thursday said the government will not open all the closed jute mills, and there is no possibility of opening those mills, which were closed under 'golden handshake' scheme.
He was talking with the newsmen after a m
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Police arrests Jamaat leaders
Police arrested Jammat amir Motiur Rahman Nizami, secretary general Ali Ahsan Mohammad Mojahid and nayeb-e-amir Delwar Hossain Saydee.
The Paltan thana police on Thursday took Jamaat-e-Islami leaders Ali Ahsan Mohammad Mojahid and Delwar Hossain Saydee i
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Situation deteriorates at CPA
The port users' forum (PUF) has come down heavily on the management of the Chittagong Port Authority (CPA) for the deteriorating situation in the port and demanded intervention of the Prime Minister in tackling the crisis.
Giving a detailed account of ho
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Asia, European growth coming off the boil
Asian and European manufacturing output growth cooled further in June, with China hitting its slowest pace in more than a year-further evidence that the global economic recovery is moderating.
A separate report Thursday showed big Japanese manufacturers
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Protest, clash, arrest mark BNP strike
The dawn-to-dusk general strike, enforced by the opposition Bangladesh Nationalist Party, was observed on Sunday amid action by ruling party activists and the police on pickets and arrests of a huge number of BNP leaders and activists across the country.
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DSE may go online by this year
Dhaka Stock Exchange is expected to go for online trading by December, in a move to net more new investors from home and abroad.
Necessary infrastructure for introducing internet-based trading is being developed with the assistance of Cambridge Solution
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Green Delta okays 25pc dividend
Green Delta Insurance Company Ltd approved 25 per cent cash dividend for its shareholders for the year 2009 at its 24th annual general meeting (AGM) in the city Wednesday, says a press release.
M Muhibur Rahman, chairman of the company, presided over th
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Hasina seeks Danish investment
Prime Minister (PM) Sheikh Hasina Tuesday sought Danish investment in large volume in the gas exploration sector of Bangladesh.
She also urged the government of Denmark to help Bangladesh install windmills in the coastal areas, including Patharghata, Bho
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Bank Alfalah signs deal with SMDF
Bank Alfalah Limited has recently signed a memorandum of understanding (MoU) with Shabab Murshid Development Foundation (SMDF), said a press release.
Country Head of Bank Alfalah Limited in Bangladesh SAA Masrur and Chairperson of Shabab Murshid Developm
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EBL inks agreement with SEDF
Eastern Bank Ltd (EBL) has recently signed a co-operation agreement with South Asia Enterprise Development Facility (SEDF) in Bangladesh, said a press release.
EBL Managing Director and CEO Ali Reza Iftekhar and Head of SEDF in Bangladesh Ian Crosby sign
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Maintenance fee of BO account increased
Annual maintenance fee of beneficiary owner's account has been increased to Tk 500 from Tk 300 in a bid to boost the revenue the government's earnings, said an official of the securities regulator Tuesday.
It will be effective from July 1 (Thursday).
Th
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AB Bank launches SME campaign
In an attempt to boosting awareness regarding SME businesses and to inspiring small and medium scale entrepreneurs, AB Bank Limited has launched SME campaign.
AB Bank Limited President and Managing Director Kaiser A Chowdhury inaugurated the SME campaig
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Democrats make final push on financial reform
Senate Democrats on Wednesday postponed until mid-July a final vote on a landmark overhaul of financial regulations as they scrambled for crucial support from a handful of moderate Republicans.
The House of Representatives, however, was on track to vote
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Nasco to invest $5.1m in KEPZ
M/s Nasco, Inc, a 100 per cent local-owned company, will invest US$5.126 million for setting up a textile manufacturing industries in Karnaphuli Export Processing Zone (EPZ), said a press release.
The company will also create employment opportunity for 3
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Bangladesh-Nepal trade talks next month
The commerce secretaries of Bangladesh and Nepal will hold a two-day meeting in Dhaka, starting from July 14 next, to facilitate trade and connectivity between the two countries, trade officials said.
The meeting was earlier scheduled for March 30 last.
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Euro banks borrow less than expected from ECB
Banks borrowed less than expected from the European Central Bank in a key funding operation on Wednesday, easing fears about how they would cope with repaying close to half a trillion euros in emergency loans on Thursday.
The relatively low take-up helps
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Retirement age raised to 60 from 57
The parliament Monday railroaded a bill on labour law, raising the retirement age of workers to 60 years, from 57 now.
Lawmakers passed the Bangladesh Labour Law (amendment) Bill, 2010 into a law but rejected a proposal in voice votes for public opinion
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Ford pays down $4 billion in debt
Ford Motor Co said it was paying $3.8 billion in cash to settle a debt to a health care trust in a signal of its confidence it remains on track to deliver "solid profits" this year.
In addition, Ford said on Wednesday it was making a $255 million payment
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Butterfly inks deal with ATN Bangla
Butterfly Marketing Ltd, a leading home appliance electric company of the country, has sponsored the cooking programme of ATN Bangla, said a press release.
An agreement has been signed to this effect in the city recently. Chairman and Managing Director o
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Govt takes action against illegal land developers
City development authority will stop non-registered private land developers and real estate firms from developing plots and building flats in a move to clean up mess in urban development, the head of RAJUK said.
Engr. Md Nurul Huda, chairman of Rajdhani
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BRB Cable wins German award
The country's leading cable manufacturer BRB Cable Industries Ltd Monday received prestigious 'GL type approval certificate' as a top-class cables manufacturer for the use in submarine and shipbuilding industry usages.
Germany based Germanischer Lloyd (
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ICC upset over Toronto G20 summit outcome
The International Chamber of Commerce (ICC), which believes that trade has a vital role to play in the global economic recovery, is disappointed by the Toronto G20 Summit's inadequate approaches to two key trade issues: trade finance and the Doha Round of
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GP pays Tk 150cr to NBR
Grameenphone Ltd. handed over a cheque of BDT 1.5 billion to the Chairman of the National Board of Revenue (NBR) as installment of advance income tax for FY 2009-10 Tuesday.
The cheque was handed over to Dr. Nasiruddin Ahmed, Chairman, National Board of
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WB offers help for making rivers pollution free
The government has undertaken a programme to fight against water pollution, especially industrial wastes contaminating the rivers surrounding Dhaka city - the goal of which is ensuring safe and clean water flow, officials said Tuesday.
The World Bank (WB
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KFC adds two new brand items
KFC, a trendy international restaurant chain, has added two new brand items to its menu. The items - 'Tower Zinger Burger and Spicy Thai Rice' - are guaranteed to be a hit among food lovers, said a press release.
Transcom Foods Limited Executive Director
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No hasty decision about coal policy
The prime minister, Sheikh Hasina, Sunday said her government would not take any hasty decision regarding the 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
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BP spill hits a somber record as Gulf's biggest
BP's massive oil spill became the largest ever in the Gulf of Mexico on Thursday based on the highest of the federal government's estimates, an ominous record that underscores the oil giant's dire need to halt the gusher.
The oil that's spewed for two an
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Treasury gets $10.5b from Citigroup share sales
The Treasury Department said Thursday it has raised $10.5 billion from the sale of a total of 2.6 billion shares of Citigroup stock it received as part of the government's rescue of the bank.
The government sold the shares at a profit as it seeks to reco
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Chevron to explore new gas reserves
US energy giant Chevron Monday pushed the government to increase the number of production sharing contracts (PSC) for the country's gas fields to woo more foreign investment in the ailing energy sector.
At the same time, it has insisted on starting explo
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5 East African countries create common market
Five nations in East Africa implemented new economic rules Thursday to boost cross-border employment and trade.
The new steps push forward a larger plan to integrate the economies of Burundi, Kenya, Rwanda, Tanzania and Uganda, which together form the Ea
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Executive cover letters Why getting personal gets results
At the executive level, communications skills are critical to success. So when top-level job candidates use a standard, impersonal-yet-professional cover letter template, they're leaving a potential employer with some big doubts about their strategic comm
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12 Bad Habits That Can Actually Help Your Career
Dawn Dugan
Somerset Maugham said, "The unfortunate thing about this world is that good habits are so much easier to give up than bad ones." Being constantly late and spending the majority of your work day playing computer games are bad habits that can p
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Azim Uddin Ahmed Elected New Chairman of NSU Foundation
Azim Uddin Ahmed, a founding life member of the North South University (NSU) Foundation and an eminent industrialist of the country, has been unanimously elected as the Chairman of the Board of Governors of the Foundation and the Porichalona Porshod of th
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EEE Students Visit The Nuclear Reactor Of AERE
Thirty three senior students of the department of Electrical and Electronic Engineering, along with Dr. Md. Ishfaqur Raza and Dr. Khairul Alam, visited the Atomic Energy Research Establishment (AERE) in Savar to gain a firsthand experience about the sole
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CHPD Organizes International Cochrane Workshop at IUB
The Center for Health, Population and Development (CHPD) at Independent University, Bangladesh (IUB) organized an international workshop entitled "Understanding and Conducting Systematic Reviews and Meta-Analysis: (+RevMan 5 Practical and Introduction to
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