Marico holds IPO lottery

August 30, 2009

Marico Bangladesh Limited yesterday held a lottery for the allotment of shares in the initial public offering (IPO), the company said in a statement.
Marico has allotted 29,97,750 ordinary shares to general public, NRBs and mutual funds and 152,250 shares to its employees.
Refund warrants of unsuccessful applicants and allotment letters will be distributed from September 1 to Read more

Almost 50pc Bangladeshis still live on below $1.25 a day

August 29, 2009

Almost 50 per cent of the country’s population now live on less than $1.25 a day, a yardstick of measuring extreme poverty level in global standard, reveals the latest release of Asian Development Bank.
Bangladesh has been placed in a position just above Nepal among 20 economies of the Asia-Pacific region where over 10 per cent of the Read more

WiMax service likely in city from mid-Oct

August 27, 2009

The broadband wireless internet service WiMax is likely to be launched in the city from the second week of October.
Banglalion Communica-tion Ltd, one of the two companies that obtained WiMax licences, will provide the service under its ‘friendly test use’ programme to 15 areas of the city, GM Faruk Khan, head of promotion and spokesman for Banglalion, told the news agency Wednesday.
The areas included Uttara, Gulshan, Nakhalpara, Dhanmondi, Mohammadpur, Shyamoli, Elephant Road and Motijheel. The people of these Read more

Banglalink revenue up by 29pc

August 27, 2009

Mobile phone operator banglalink earned revenues of Tk 1,183 crore at the end of first half 2009, which is an increase of 29 per cent compared to the same time last year.
Its subscriber base increased steadily and reached 11.04 million at the end of June, which is a 17 per cent increase compared to the same time last year. The market share of banglalink also went up to 23.7 per cent in the first half of Read more

Miss Venezuela Stefania Fernandez wins Miss Universe 2009 title

August 24, 2009

Miss Venezuela was the fairest of them all, again. Venezuelan Stefania Fernandez won the 2009 Miss Univere pageant in the Bahamas on monday. Dressed in a flowing red gown, Fernandez embraced runner up Miss Dominican Republic as the announcement was made, and received the crown from last year’s winner, Dayana Mendoza, of Venezuela. The other top-five finalists were Miss Kosovo, Miss Australia and Miss Puerto Rico. Venezuela, a beauty-obsessed South American country, has won the Miss Universe pageant six times. “I think this is the most beautiful group of women I’ve ever seen,” pageant Read more

Govt takes on terror socially, politically

August 24, 2009

Ansar-VDP assigned to monitor militancy at grassroots; imams join campaign
Recognising the fact that anti-militant drive is not enough to uproot the evil of extremism from the society, the government has launched a massive socio-political campaign, involving 14 different agencies, to educate people and Read more

Govt owes Tk 30,832cr to lenders in power sector

August 24, 2009

The government owes a whopping sum of Tk 30,832 crore as debt service liabilities to lenders, including foreign donors, for the power sector since 1972, though such massive funding failed to yield the desired improvement Read more

Biman struggles to maintain flight schedule

August 24, 2009

The authorities of Biman Bangladesh Airlines yesterday cancelled two of its international flights and changed timetable of all its flights even three or four times in last Read more

Ministers blame media role for price hike

August 24, 2009

Finance and commerce ministers have pinned the blame on the media for the price hike of essentials after much-hyped market monitoring and TCB’s sales drives failed to prevent food prices from Read more

Despite high price Iftar market vivacious

August 24, 2009

People from all walks of life in the city yesterday thronged before the Iftar markets for purchasing Iftar items for breaking the first day’s fast of the holy month of Ramzan with their family Read more

City witnesses brisk business of iftar items

August 24, 2009

With the sale of various conventional iftar items, the seasonal street vendors and wayside restaurants yesterday made a brisk business on the first day of the holy month of Read more

Syndicates wield city crime world

August 24, 2009

Teenage thugs new social menace
Over a dozen crime syndicates are now active in the city — which are involved in murder, mugging, robbery, extortion and other criminal activities, police sources said Read more

WHO warns of 2nd wave of pandemic

August 24, 2009

The World Health Organisation is urging the planet to brace for a second wave of the swine flu pandemic as the heavily populated northern hemisphere edges towards the cooler season when flu Read more

2 housewives murdered

August 24, 2009

Body of Dubai expat found in ZIA
Two housewives were killed and four people injured in four incidents in the city yesterday while body of an expatriate was recovered from Zia Read more

Installation of 450 MW plant at Bibiyana: Evaluation to select qualified company begins tomorrow

August 24, 2009

The Power Cell will start evaluation to select a qualified power producer company from tomorrow (August 25) for installation of 450MW Power Plant at Bibiyana in Habiganj, Director General of Power Cell Read more

Delhi asks Dhaka to deport Anup Chetia

August 24, 2009

India has asked Bangladesh to deport outlawed ULFA leader Anup Chetia, whose jail term is going to end soon, and hopes the Sheikh Hasina government would accede to the request in view of its tough resolve against Read more

LTTE tried to buy nuclear weapons

August 24, 2009

In a startling disclosure, the detained LTTE chief Kumaran Pathmanathan has told investigators that the rebels had tried to acquire nuclear arms and know-how to be used against the Lankan army.
A media report said Pathmanathan Read more

Surplus liquidity may push inflation beyond 6.5 pc

August 24, 2009

Prime Minister’s Adviser on Economic Affairs Dr Mosihur Rahman on Sunday dispelled concern over possible inflationary pressure beyond the target of 6.5 percent due to excess liquidity in the money Read more

Bangladesh exports to India to reach $ 1b by 2011

August 24, 2009

Bangladesh’s exports to India will reach at least $1 billion by the end of 2011 as customers in that India now find several of its neighbour’s products attractive, a business leader told a news agency in Dhaka on Read more

Overhead cables to go underground

August 24, 2009

The government has decided to move all overhead cables and electrical wires underground in phases to avert risk to public life and give the capital city a facelift.
‘We have decided to put all the cables underground as a huge number of overhead wires across the city are posing risk to public life as well as hampering beautification of the city,’ said Tawfiq-e-Elahi Chowdhury, adviser to the prime minister, on Sunday.
Cables of all utility services like telephone, internet, television and electricity will be laid below ground in a coordinated way, he Read more

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