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Dhaka needs 'forceful actions' to avert macro-financial risks : IMF

2011-12-16 00:00:00

FE Report Bangladesh faces macro-financial risks and needs "forceful policy actions" on macroeconomic and structural fronts to stave off the effect of global economic crisis, rising subsidy bills and a spike in government's bank borrowings, the International Monetary Fund (IMF)...

Current account swings to deficit

2011-12-16 00:00:00

Bangladesh's current account swung to a deficit in the July-October period for the first time since April, retreating from a surplus of $1.1 billion a year earlier due to soaring import costs, mainly of oil. The shortfall stood at $372...

`20pc of dev budget spent in 5 months of FY '12

2011-12-16 00:00:00

FHM Humayan Kabir The government has spent 20 per cent of the development budget in the first five months of the current fiscal, reflecting poor expenditure from the allocated foreign funds, officials said Thursday. Planning Commission (PC) officials said the...

Dhaka not interested to open new border 'haats'

2011-12-16 00:00:00

Nazmul Ahsan Dhaka is disinterested in opening new 'border haats' that were proposed by New Delhi along some border-belt areas until New Delhi agrees to amend the Mode of Operation of Border Haat agreement in order to facilitate trading of...

Victory Day today

2011-12-16 00:00:00

The nation celebrates today (Friday) the 40th anniversary of its glorious victory over the Pakistani occupation forces, paying rich tributes to three million martyrs for their supreme sacrifices, reports UNB. On this day, in 1971, the people under the leadership...

Road projects suffer as India delays credit

2011-12-16 00:00:00

Munima Sultana Roads and Highways Department (RHD) is unlikely to meet its annual development programme (ADP) target due to India's delay in disbursing credit to key infrastructures, officials said Thursday. They said India has held up project aid worth US$131.37...

Five-day REHAB Fair starts in city

2011-12-16 00:00:00

FE Report State Minister for Housing and Public Works Abdul Mannan Khan Thursday urged the realtors not to make money by cheating people with lucrative advertisements and false promises. "Realtors should do business with some morality. They should not cheat...

RMG export earnings may cross $40b by 2020

2011-12-16 00:00:00

Nizam Ahmed The export earnings of the country's garment sector are likely to cross $40 billion mark by 2020, if few challenges the industry is facing are addressed in the coming years, exporters and global market monitors said on Thursday....

NGO official found dead at his residence

2011-12-16 00:00:00

FE Report A finance director of a non-governmental organisation (NGO) was found dead in the bedroom of his Green Road residence in the capital Thursday, police said. The deceased was identified as Abul Kashem (48), finance director of an NGO...

Dhaka wants LDCs maintain united front on common challenges

2011-12-16 00:00:00

Civil Aviation and Tourism Minister Faruk Khan, also leader of the Bangladesh delegation to the 8th WTO Ministerial Conference, called for a proactive role by the LDCs in advancing the Doha negotiations, including the agenda-setting, reports UNB. He made the...

Sanvir, all others cleared of Sabbir murder

2011-12-16 00:00:00

A speedy trial tribunal has cleared Bashundhara Group chief's son Shafiyat Sobhan Sanvir and four others of charges of murdering Humayun Kabir Sabbir, a director of a Bashundhara Group concern in 2006, reports bdnews24.com. Tribunal judge Mohammad Motahar Hossain delivered...

Govt carrying out secret killings to gag opposition voice: Fakhrul

2011-12-16 00:00:00

Local BNP has called a dawn-to-dusk shutdown in Jessore district for Saturday to protest against the death of the district unit's finance secretary Nazmul Islam after he went missing Wednesday night, reports bdnews24.com. BNP standing committee member and former minister...

5 new women MPs sworn in

2011-12-16 00:00:00

The five candidates nominated by the ruling Awami League for the new reserved seats for women in parliament took oath Thursday, reports bdnews24.com. Speaker Advocate Abdul Hamid administered the oath of the new Members of Parliament (MPs), elected unchallenged, around...

Govt working to ensure women empowerment: PM

2011-12-16 00:00:00

Prime Minister (PM) Sheikh Hasina Thursday said her government is working relentlessly to ensure women empowerment in the country, report agencies. The Prime Minister said this when a delegation of Bangladesh Women Journalists' Centre called on her at the Prime...

Thrust on revising broadcasting laws

2011-12-16 00:00:00

FE Report Speakers at a roundtable conference Thursday urged the authorities to revise the country's existing broadcasting laws, policies, rules and regulations in the light of UNCRC articles to ensure children's fruitful participation in the mass media. They said Bangladesh...

Bangladeshi Festival in "The City of Joy"

2011-12-16 00:00:00

Chandan Banerjee Kolkata: Yet, once again, the Kolkatans are awaiting the charms of a show on Bangladesh. The five-day festival, named Bangladesh Festival with focus on music, culture and food will be held in the city from December 16 to...

Shibir cadre held with firearms, fake notes

2011-12-16 00:00:00

RAJSHAHI, Dec 15 (BSS): Shakilur Rahman alias Shakil (26), a cadre of Islami Chhatra Shibir, was arrested with firearms, ammunition and fake notes from Luxmipur Bhatapara area under Rajpara Police Station here Thursday. On a tip-off, a team of the...

weather

2011-12-16 00:00:00

Weather is likely to remain mainly dry with temporary or partly cloudy sky over the country in next 24 hours until 6:00 pm today (Friday). Moderate to thick fog may occur at places over the country during mid night till...

Baghaichharhi tense due to settler's death

2011-12-16 00:00:00

RANGAMATI, Dec 14 (bdnews24.com): Tension is running high between the Bengali settlers and the ethnic minorities in Baghaichharhi following the death of a Bengali settler and a woman of ethnic minority origin. Earlier, the local administration imposed Section 144 in...

'BD incurs Tk 295.5b loss per yr for inadequate sanitation'

2011-12-16 00:00:00

FE report Bangladesh incurs a loss of Tk 295.5 billion a year which is 6.3 per cent of the country's Gross Domestic Product (GDP due to inadequate sanitation. "This impact means a loss of Tk 2072 per person per year,"...

Govt gets $18.39m aid for cementing union parishads

2011-12-16 00:00:00

FE Report The United Nations Development Programme (UNDP), the United Nations Capital Development Fund (UNCDF), European Union (EU) and DANIDA will provide US$ 18.39 million (Tk 1.3885 billion) assistance aiming to strengthening the union parishads in the country, said a...

Govt to immunise 22m children

2011-12-16 00:00:00

FE report A total of 22.0 million children under five years of age have been targeted to be vaccinated during the government's immunization programme which will begin on January 7 next year, a health ministry release said Thursday. The decision...

DU introduces Mahathir Md scholarship

2011-12-16 00:00:00

DU Correspondent Dhaka University (DU) has introduced a scholarship programme in honour of former prime minister of Malaysia Tun Mahathir bin Mohammad, funded by Bangladesh-Malaysia Chamber of Commerce and Industry (BMCCI). Two students who will secure first position in the...

PhD degree awarded

2011-12-16 00:00:00

Professor Nilufar Begum'Nilu, director (Admin and Finance) of National Academy For Educational Management (NAEM), Ministry of Education was awarded PhD degree recently in Anthropology from Jahangirnagar University (JU) for the thesis entitled 'Socialization process in rural society and achieving women's...

Writ petition against brick kilns, saw mills in reserved forest area

2011-12-16 00:00:00

Our Correspondent CHITTAGONG, Dec 15: The High Court has ordered suspension of production at 22 brick kilns and 20 saw mills subject to investigation on alleged violation of forest protection laws at the government reserved forest at Lohagara in the...

RMG workers to get rice, flour at subsidised rates

2011-12-16 00:00:00

Syful Islam Country's two million apparel sector workers will get rice and flour at subsidised rates, officials said Thursday. The government has taken the decision as the apparel sector leaders have long been demanding the same to help minimise the...

BADC chairman gets PhD degree

2011-12-16 00:00:00

The Bangladeshi American Democratic Caucus (BADC) Chairman Nazmul Hassan (Shahin) received a PhD degree in Industrial Engineering from Wayne State University in Detroit, Michigan recently. Shahin's Dissertation Topic was "A Collaborative Framework in Outbound Logistics for the US Automakers." Shahin...

S Korea seeks to avoid US sanctions hitting Iran oil imports

2011-12-16 00:00:00

SEOUL, Dec 15 (Reuters): South Korea would join Japan in seeking a waiver if the United States imposed new sanctions that threaten the flow of oil from Iran by shutting down payment channels for Iranian crude, government officials said on...

EU crisis: Russia pledges at least $10 billion to save euro

2011-12-16 00:00:00

BRUSSELS, Dec 15 (Economic Times): Russia, hoping to keep its largest export market from collapsing, will give at least $10 billion to the International Monetary Fund to help support the struggling euro currency, an aide to President Dmitry Medvedev said...

China helping drivers make switch to electric cars

2011-12-16 00:00:00

BEIJING, Dec 15 (ANN): Despite a slow increase in the domestic sales of electric cars, Chinese buyers are expected to become more willing to drive these alternative-fuel vehicles in the near future, said an industry insider. "With an affordable and...