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weather

2011-05-05 00:00:00

Rain or thundershowers accompanied by temporary gusty or squally wind is likely at a few places over Dhaka, Barisal and Chittagong divisions and at one or two places over Khulna, Rajshahi, Rangpur and Sylhet divisions in next 24 hours till...

Bangladesh Fund to start investment from today*****

2011-05-05 00:00:00

FE ReportThe country's largest ever Tk 50 billion 'Bangladesh Fund' will start investment in shares from Thursday (today), officials said. The securities regulator Wednesday issued the certificate of registration to the fund, enabling the latter to start investment both in...

World must share blame for failing to track Laden, says Pakistan

2011-05-05 00:00:00

ABBOTTABAD, May 4 (Agencies) : Pakistan said Wednesday the world must share the blame for failing to unearth Osama bin Laden as a furore swelled over how the slain Al-Qaeda kingpin had managed to live undisturbed near Islamabad. Following the...

Imbroglio in real estate sector

2011-05-05 00:00:00

Shahiduzzaman KhanWhile the port city of Chittagong is witnessing a boom time in real estate sector, its growth in the capital city of Dhaka is sluggish due to many reasons. Non-availability of utility services, mainly power and gas and sky-rocketing...

Developers pressing clients to move to flats sans gas, power connections

2011-05-05 00:00:00

Sonia H MoniA section of real estate developers are insisting upon those who had made payments for purchase of flats or given their lands for constructing apartments in exchange for getting some units, to move to their flats without electricity...

Unified budget proposal dropped as PM opposes

2011-05-05 00:00:00

FHM Humayan KabirThe finance ministry has backtracked on framing the unified budget as the Prime Minister has opposed the 'experiment' following reservations of the planning commission and a few senior policy makers, officials said Wednesday. The PM has ordered modifying...

Govt eyes foreign operator for port

2011-05-05 00:00:00

Syful Islam The government may allow a foreign operator to manage the affairs of the Chittagong sea port. However, a decision to this effect would depend on the experience to be gathered from the New Mooring Container Terminal (NMCT), Shipping...

Global Integrity report points out lack of progress in Bangladesh

2011-05-05 00:00:00

FE Report Very little progress has been made in shoring up Bangladesh's accountability and transparency institutions since 2008, a report released Wednesday by the US-based Global Integrity (GI) said. "An ombudsman agency focused on investigating a wide range of concerns,...

Govt rejects Santos-Oakland plea to explore blocks 17, 18

2011-05-05 00:00:00

M Azizur RahmanThe government has rejected a plea of Australian Santos and its partner US's Oakland to explore jointly two gas blocks and sell output to private buyers, officials said Wednesday. The energy ministry has informed Santos and Oakland officially...

India, Pakistan may enter wheat market: CWB

2011-05-05 00:00:00

NEW DELHI, Apr 29 (Commodity Online): A day after India and Pakistan restarted trade talks, both could be poised to test their wheat export records, signalling that nearly eight million tonnes in extra supplies could hit the market, according to...

Gold set for seventh weekly gain as dollar sags

2011-05-05 00:00:00

LONDON, Apr 29 (Reuters): Gold steadied Friday, just shy of fresh record highs and set for its seventh successive weekly gain, driven largely by the decline in the dollar to its lowest in nearly three years. The dollar fell to...

Myanmar, China to build rail link

2011-05-05 00:00:00

YANGON, Apr 28: Myanmar and China plan to build a railroad together that will link China's landlocked Yunnan province to a deep-sea port being built in Myanmar's Rakhine state. The state-run newspaper New Light of Myanmar reported Thursday the project...

Tax-free ceiling for individuals may rise

2011-05-04 00:00:00

Doulot Akter MalaFinance Minister AMA Muhith is scheduled to announce national budget for 2011-12 fiscal on June 9, in parliament, which might raise the tax-free ceiling for individual taxpayers. Officials said the tax-free ceiling for individual taxpayers is likely to...

SEC member Yasin asked to resign

2011-05-04 00:00:00

Mohammad MufazzalThe Securities and Exchange Commission (SEC) Member Muhammad Yasin Ali has been asked to resign from his post as the government moves to restructure the securities regulator. The other SEC Member M. Anisuzzaman has also been asked to meet...

WB projects GDP growth for FY'11 at 6.2 pc

2011-05-04 00:00:00

FE ReportThe World Bank (WB) in its economic update released Tuesday forecast that Bangladesh's economy would grow 6.2 per cent in the current fiscal (2010-11), driven mainly by export growth and domestic demand. The projection of the WB is 0.5...

Is the fate of probe body report sealed?

2011-05-04 00:00:00

Shamsul Huq ZahidFinance Minister AMA Muhith last Saturday released, officially, the full report of the four-member probe committee on recent share scam, belying speculations that he would not. Despite the fact the country's agile media published the report in full...

Negotiating body on transit by next week

2011-05-04 00:00:00

Nazmul AhsanThe government is going to finalise its position and strategies soon in relation to negotiations with India, Nepal and Bhutan on transit issues, a top policy maker in the Prime Minister's Office (PMO) said. A high-level negotiating committee, headed...

Awkward questions loom for Pakistan

2011-05-04 00:00:00

The killing of Osama bin Laden in a garrison city, home to Pakistan's top army staff college, has posed embarrassing questions for the country's military leadership, report agencies. Barack Obama, US president, was careful to emphasise Pakistan's co-operation in Sunday's...

Govt to procure 70,000 tonnes of sugar for Ramadan

2011-05-04 00:00:00

The government will procure 70,000 tonnes of sugar from local and international sources keeping in mind the additional demand during begins Ramadan which in August. The government has endorsed two separate proposals, one for 12,500 tonnes and another for 25,000...

PM to join UN confce on LDCs

2011-05-04 00:00:00

Prime Minister Sheikh Hasina will leave Dhaka Saturday for Istanbul to attend the 4th UN Conference on Least Developed Countries (LDCs), beginning on May 9 in Turkey. The Bangladesh Premier and members of her entourage will fly for Istanbul, on...

Yunus functions as Grameen Bank MD ignoring law: AG

2011-05-04 00:00:00

Attorney General (AG) Mahbubey Alam Tuesday accused Prof Muhammad Yunus of functioning as managing director (MD) of Grameen Bank ignoring the law, reports UNB. "Has he got any respect for law?" the AG questioned while making his submission before the...

ECNEC approves 4 dev projects worth Tk 26.45b

2011-05-04 00:00:00

The Executive Committee of National Economic Council (ECNEC) Tuesday approved four development projects involving Tk 26.45 billion that include introduction of 3G Technology and expansion of 2.5G Network project, reports UNB. Prime Minister (PM) and Chairperson of ECNEC Sheikh Hasina...

Chinese team to remove faults in Raozan TPP

2011-05-04 00:00:00

Our CorrespondentCHITTAGONG, May 3: A Chinese expert team has arrived today at the Raozan Thermal Power Plant to rectify faults and failures of the plant's unit -1 that had remained inoperative for five months. The Power Development Board officials requested...

Steps to be taken to implement RTI Act, says Zamir

2011-05-04 00:00:00

Chief Information Commissioner Mohammad Zamir Tuesday said the government would take all necessary steps to implement Right to Information Act (RTA) in the country, reports BSS. "We are witnessing some changes in the mentality of hiding information after enactment of...

PM wants more effective parliamentary democracy

2011-05-04 00:00:00

Prime Minister (PM) Sheikh Hasina Tuesday said her government is working relentlessly to make parliamentary democracy more effective to ensure accountability of the government for all its activities and their transparency, reports BSS. She said this when the visiting Speaker...

Obama's reassurance of war on terror is not war against Islam: BNP

2011-05-04 00:00:00

Opposition BNP Monday night said that all peace-loving people welcome President Barak Obama's reassurance that the war on terror is not a war against Islam, reports UNB. "The world has learnt of the death of Al-Qaeda leader Osama bin Laden...

'Make public inquiry report on poll violence in 2001'***

2011-05-04 00:00:00

Bangladesh Hindu Buddha Christian Oikkyo Parishad Tuesday demanded of the government to make public the judicial inquiry report on violence on minorities and political opponents in the country during pre and post election period in 2001, reports BSS. Leaders of...

PM to join UN confce on LDCs

2011-05-04 00:00:00

Prime Minister Sheikh Hasina will leave Dhaka Saturday for Istanbul to attend the 4th UN Conference on Least Developed Countries (LDCs), beginning on May 9 in Turkey. The Bangladesh Premier and members of her entourage will fly for Istanbul, on...

Develop more high yielding variety of food crops

2011-05-04 00:00:00

Prime Minister (PM) Sheikh Hasina has called upon the agriculture scientists to innovate more high-yielding variety of crops so that farmers can raise production to make the country self-reliant in food, report agencies. The Prime Minister said this while addressing...

Wahid condoles Nasreen's death

2011-05-04 00:00:00

The Institute of Microfinance (InM) has condoled the death of Dr Nasreen Khundker, professor of Economics of Dhaka University and outgoing member of the board of directors of InM, said a press release. In a message, InM chairman Prof Wahiduddin...