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Al- Maruf new president of CSE

2011-12-02 00:00:00

FE Report Al- Maruf Khan has been elected the new president of Chittagong Stock Exchange (CSE). The elected vice-presidents are Mr. Mirza Salman Ispahani, Mr MKM Mohiuddin and Mr Tareq Kamal. They were elected at the 16th Annual General Meeting...

New AMD of Uttara Bank

2011-12-02 00:00:00

Mr MA Matin has been promoted to additional managing director (AMD) of Uttara Bank Limited, said a press release. Prior to his promotion, Mr Matin was the deputy managing director of the bank. Mr Matin started his banking career by...

ICB, BSC, Janata Ins to start trading with Tk 100 face value

2011-12-02 00:00:00

FE Report Trading of ICB, BSC and Janata Insurance resumes Sunday (December 4) with existing face value of Tk 100, as the authorities of these three companies have failed to change denomination of shares. As per directive issued earlier by...

Exim Bank launches new product

2011-12-02 00:00:00

FE Report Export Import Bank of Bangladesh Limited launched a new product Mudaraba Cash Waqf Wednesday. Chairman of the Bank Mr. Md. Nazrul Islam Mazumder inaugurated the product at the Head Office Corporate Branch, Gulshan, Dhaka. The launching program was...

BD inches up in global graft index

2011-12-02 00:00:00

FE Report Corruption remains a cause of "great concern" in Bangladesh, but the overall graft scenario has improved very modestly thanks to new laws and creation of key bodies by the government, the global graft watchdog Transparency International said Thursday....

BB starts scrutiny of application for new banks Sunday

2011-12-02 00:00:00

Siddique Islam The central bank will start its work for preliminary scrutiny of the applications for setting up of new private commercial banks (PCBs) from Sunday, in line with its amended guidelines, officials said Thursday. "We'll first examine all applications...

SEC may allow sponsor-directors to buy shares despite year-end

2011-12-02 00:00:00

Mohammad Mufazzal The securities regulator is set to relax the condition about the purchase of shares of their respective listed companies by the sponsor-directors. Under the existing rules of the Securities and Exchange Commission (SEC), such directors are debarred from...

Opposition urged to withdraw Sunday's hartal

2011-12-02 00:00:00

FE Report Leaders of the country's leading chambers and trade bodies Thursday expressed their deep concern over the dawn-to-dusk hartal call for December 4 and urged the opposition to withdraw the programme for the sake of country's economy. "The members...

Train services halted for 7 hours due to derailment

2011-12-02 00:00:00

Train services between the country's south-western and north-southern regions remained snapped for about seven hours Thursday, as three bogies (tank wagon) of a fuel-carrying train derailed at Ishwardi railway junction in Pabna. Railway sources said three bogies of the Parbatipur-bound...

PM to visit Myanmar, Indonesia Dec 5-9

2011-12-02 00:00:00

Prime Minister Sheikh Hasina leaves the city on December 5 for Nay Pyi Taw on a three-day official visit to Myanmar, reports BSS. The Prime Minister will later visit Indonesia from December 7 to 9 to attend an international democracy...

Khaleda calls for unity to overcome economic crisis

2011-12-02 00:00:00

Blaming the government for bleeding white the national economy, opposition leader Khaleda Zia Thursday called upon the people to get united in the face of serious economic crisis to defeat those who has created the perils, report agencies Addressing a...

US eyes strategic partnership with BD : Mozena

2011-12-02 00:00:00

United States want to conclude strategic partnership with Bangladesh when Secretary of State Hillary Clinton will be visiting Dhaka, reports UNB. "This is my goal, this is my dream," new US Ambassador to Bangladesh Dan Mozena said at his maiden...

BNP, Jama'at leaders to face persecution trial: Sahara

2011-12-02 00:00:00

The government has found 26,352 persons involved with the violent repression on the Hindu minority and opposition activists immediately after the 2001 national elections, the home minister has said, reports bdnews24.com. The process to put them on trial after pressing...

Army camps to be pulled out from CHT: official

2011-12-02 00:00:00

The government will take steps to gradually pull out army camps from the Chittagong Hill Tracts (CHT) to fully implement the CHT Peace Accord signed in 1997, reports UNB. "Some 235 army camps have been pulled out from the CHT...

20 hurt as DCC staff clash with each other

2011-12-02 00:00:00

Some 20 people were injured as two rival groups of Dhaka City Corporation (DCC) staff clashed with each other on Thursday over bifurcation of the corporation, reports UNB. Witnesses said officers and employees of DCC under the banner of DCC...

Minister suffers minor injuries in road mishap

2011-12-02 00:00:00

MYMENSINGH, Dec 1 (UNB): State Minister for Religious Affairs Shajahan Mia sustained minor injuries in a road accident at Cheler Ghat Bridge in Trishal Upazila Thursday. Police said that the district town bound Pajero jeep carrying the minister hit the...

BNP wants to inspect EVM, EC says no

2011-12-02 00:00:00

While the opposition BNP has sent a formal letter to the Election Commission (EC), seeking an Electronic Voting Machine (EVM) for examination, the poll panel has said there is no law to send an EVM to anyone, reports bdnews24.com. BNP...

HC asks DU authority to re-evaluate 'Ga' unit test

2011-12-02 00:00:00

The High Court (HC) has ordered the Dhaka University (DU) authority to re-evaluate the 'Ga' unit admission test results without getting the students to retake the test, reports bdnews24.com. The bench of justices A H M Shamsuddin Chowdhury and Jahangir...

37 applications for new banks received

2011-12-01 00:00:00

Siddique Islam The central bank has received some 37 applications from interested sponsors for setting up new private commercial banks (PCBs) under the amended guidelines, officials said Wednesday. "We've received a total of 37 applications on close of the submission...

PM asks Khaleda to make public Singh's letter

2011-12-01 00:00:00

Prime Minister Sheikh Hasina Wednesday urged opposition leader Khaleda Zia to disclose in the parliament the contents of the letter of Indian Prime Minister Manmohan Singh to her over the Tipaimukh Dam, reports UNB. In her valedictory speech in the...

Real estate sector in real doldrums

2011-12-01 00:00:00

Shahiduzzaman Khan Real estate sector is now passing through a challenging time. Sale of apartments has dropped by at least 50 per cent during the last two years, prompting realtors to reduce the prices of their unsold flats. In order...

HC asks govt to justify DCC split

2011-12-01 00:00:00

The High Court (HC) has asked the government why the bill to split the Dhaka City Corporation (DCC) should not be declared a bad law, inconsistent with the constitution, and therefore, void, report agencies. The bench of justices Farid Ahmed...

Curbs on non-life Ins cos directors effective from Jan

2011-12-01 00:00:00

Jasim Uddin Haroon The insurance regulator, Insurance Development and Regulatory Authority (IDRA), Wednesday said non-life insurers will be allowed to provide insurance coverage through policies to different kinds of related risks associated with businesses of their respective directors, their spouses,...

Tk 10m fund for newsmen's welfare under study: Azad

2011-12-01 00:00:00

FE Report The government is actively considering to create a fund of Tk 10 million for the welfare of journalists, taking the risks associated with carrying out their professional responsibilities into consideration, Information Minister Abul Kalam Azad said on Wednesday....

BNP calls daylong hartal in capital for Dec 4

2011-12-01 00:00:00

The BNP has called a daylong general strike in the capital to campaign against the decision to divide the Dhaka City Corporation (DCC). The party will seek to enforce the hartal on December 4 as part of other programmes, acting...

Govt urged to stay operation of law splitting DCC

2011-12-01 00:00:00

BNP leader Barrister Moudud Ahmed MP has urged the government to stay the operation of the law passed by Parliament to split the Dhaka City Corporation (DCC) terming it as unconstitutional, reports UNB. He made the demand at a press...

Santu threatens movement

2011-12-01 00:00:00

Former guerilla leader Jyotirindra Bodhipriya (Santu) Larma said he will lead an agitation from the new year for execution of the Chittagong Hill Tracts (CHT) accord, reports bdnew24.com. "The accord was signed 14 years ago but so far, there is...

Govt set to give go-ahead to Tk 54.09b fertiliser factory

2011-12-01 00:00:00

FHM Humayan Kabir The government is set to approve construction of the expensive Tk 54.09 billion Shahjalal Fertiliser Factory project with Chinese loan in a bid to augment the country's urea production capacity, officials said Wednesday. Planning Commission (PC) officials...

German President leaves Dhaka

2011-12-01 00:00:00

German President Christian Wulff left Bangladesh Wednesday afternoon ending a three-day state visit, reports UNB. A special plane carrying President Wulff took off from Hazrat Shahjalal International Airport at about 12:30 pm. President Zillur Rahman earlier saw off the German...

Sarkari Karmachari Parishad places 7-point demand

2011-12-01 00:00:00

Bangladesh Sarkari Karmachari Sanghati Parishad placed a 7-point demand, including raising their salary by 30 per cent, to Prime Minister (PM), reports UNB. A delegation of the parishad held a meeting with State Minister for Labour and Employment Begum Munnujan...