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RIL posts record Q4 profit, lags estimate

2011-04-22 00:00:00

MUMBAI, April 21(Agencies): India's largest private sector petroleum company, Reliance Industries (RIL) Thursday reported 14 per cent rise in its standalone net profit to Rs 53.76 billion in the quarter ended March 31, 2011, its highest ever. Results lagged analysts'...

Nikkei gains on robust US earnings

2011-04-22 00:00:00

TOKYO, April 21 (Xinhua): Tokyo stock extended gains Thursday, with the key Nikkei stock index rising 0.58 per cent supported by robust earnings by US bellwether firms like Apple and other prominent manufacturers. Investor sentiment was lifted from the off...

DSE news in brief

2011-04-22 00:00:00

DividendsACI: The board of directors of ACI Limited has recommended 120 per cent cash dividend (Tk 12 per share of Tk 10 each) for the year 2010. The annual general meeting (AGM) of the company will be held at Bangabandhu...

SL leave out Malinga for England Test

2011-04-22 00:00:00

COLOMBO, Apr 21 (AFP): Sri Lanka were forced Wednesday to leave out star fast bowler Lasith Malinga while also naming four uncapped players for the 16-member Test squad for the tour of England. Sri Lanka play three Tests, five one-dayers...

'King's Speech' fear keeps William far from throne

2011-04-22 00:00:00

LONDON, Apr 21 (AFP): A string of opinion polls have backed Prince William and his bride-to-be leapfrogging Prince Charles to the throne-an improbable step that would shake the monarchy to its foundations. One survey showed a third of Britons calling...

Wrangle between WDB engineer, contractor leads to cases

2011-04-22 00:00:00

Our Correspondent RANGPUR, Apr 21: A corruption case was filed against executive engineer of Rangpur Water Development Board (WDB) Shahidul Islam on Sunday. Contractor Shahadat Hossain brought an allegation of bribery against the executive engineer four days after Shahidul had...

BGB rescues 17 persons including women, children in Joypurhat

2011-04-22 00:00:00

Our Correspondent JOYPURHAT, Apr 21: Seventeen persons including women and children were rescued by Border Guards of Bangladesh (BGB) from Vuidoba village under Panchbibi Upazila in the district Thursday noon. They were being trafficked to India. On information BGB members...

River eroded people ransack Gaibandha water board office

2011-04-22 00:00:00

GAIBANDHA, Apr 21 (UNB) : Thousands of agitated Jamuna river eroded victims Thursday ransacked Gaibandha Water Development Board office to press for implementing Saghata Upazila Protection Project. The agitated people also enforced a half-day hartal in Saghata Upazila today in...

NBL managers' conference held

2011-04-22 00:00:00

Our CorrespondentRAJSHAHI, Apr 21: The quarterly conference of branch managers of National Bank Limited, Rajshahi region was held at the hallroom of Rajshahi office at Shaheb Bazar recently. Presided over by Wasif Ali, Chief Executive Vice President of NBL, Rajshahi...

Asian Tiger Capital Partners market update on DSE******

2011-04-22 00:00:00

Events: After five days of downtrend the Benchmark General Index DGEN reversed to post gain of 0.98% on the last day of trade this week. The Index at 6100 level was tested twice recently from where it bounced back and...

Probe body's report biased, unsubstantiated: SEC chief

2011-04-22 00:00:00

Nazmul AhsanThe Securities and Exchange Commission (SEC) chairman has termed the report of the four-member probe committee on the recent share market scam as "biased, unsubstantiated and too, cruel". No valid corruption charges have been made against the SEC officials,...

US gives all-clear to BD shrimps

2011-04-22 00:00:00

Sonia H MoniThe United States has no qualms about the quality of Bangladeshi shrimps and labour and safety standards in the country's thousands of fish farms and processing plants, an industry leader said on Thursday. Syed Mahmudul Huq, chairman of...

Overall inflation rate to soar to 8pc this fiscal

2011-04-22 00:00:00

FE ReportFinance Minister AMA Muhith Thursday said the overall inflation rate of the current fiscal year will soar to around 8.0 per cent compared to 6.5 per cent of the previous year. The minister, however, did not elaborate the sector-wise...

Marked decline in foreign aid flow

2011-04-22 00:00:00

FHM Humayan KabirThe foreign aid inflow during July-March this fiscal 2010-11 recorded a marked fall as the government received only US$1.28 billion assistance, half a billion dollar lower than that of the corresponding period of the last fiscal, officials said...

Sarail launch capsizeclaims 27 lives

2011-04-22 00:00:00

Twenty-seven bodies have been recovered from the Megna river after an overloaded launch sank at Sarail in the Meghna river early on Thursday, report agencies. Sarail Upazila Nirbahi Officer (UNO) Helal Uddin said the rescue operation was going on and...

Reinstate Yunus or make him chairman

2011-04-22 00:00:00

FE reportGrameen Bank employees on Thursday appealed to the government to reinstate Prof Muhammad Yunus as the managing director or appoint him as the chairman of the Nobel winning micro-lender. The Grameen Bank Employees Association made the appeal in the...

Licences of 12 hajj agencies cancelled

2011-04-22 00:00:00

The government has cancelled licences and forfeited security money of 12 hajj agencies and cautioned another one on charge of various irregularities during the last year's hajj. State Minister for Religious Affairs Shajahan Mia told reporters Thursday that 12 hajj...

JS body to summon BCB chief

2011-04-22 00:00:00

The parliamentary watchdog on sports ministry will summon the president of Bangladesh Cricket Board for not attending the last five meetings of the board. In its Thursday's meeting at parliament, the panel also decided to place complaints before the prime...

weather

2011-04-22 00:00:00

Rain or thundershowers accompanied by temporary gusty or squally wind is likely at a few places over Rangpur, Dhaka and Sylhet divisions and at one two places over Rajshahi, Khulna, Barisal and Chittagong divisions in next 24 hours till 6.0pm...

Current economic maladies and inappropriate prescriptions for their remedy****

2011-04-22 00:00:00

I would like to present my propositions in a summarised form for constraint of time. The present economic maladies in a nutshell are: 1) Very high inflation rate: The government had projected in the budget for the financial year 2011-12...

Coming of Aliens!******

2011-04-22 00:00:00

Engr. S.A. MansoorThe existence of Aliens, in outer space or elsewhere in our Solar System or beyond; has always been a fascinating topic to look into. Pessimists, usually tend not to transgress on the matter of unknown beings from outer...

Our urbanism: in retrospect and restitution****

2011-04-22 00:00:00

Sheikh Serajul HakimI remember I was talking to David Satterthwaite, who edits prestigious Environment and Urbanization journal, at IHS lobby at Rotterdam back in 2008. It was a typical chilly winter evening as we were sharing our views on 'the...

Pro-poor economic growth: Linchpin of achieving socially inclusive growth in Bangladesh*****

2011-04-22 00:00:00

Momtaz Uddin AhmedIn the recent years many new phrases such as "pro-poor growth", "inclusive growth", "harmonious society", "sufficient economy" etc. are making their way into development discourses and deliberations echoing more or less a common sentiment: development is more than...

My 'beyond classroom' teachers*****

2011-04-22 00:00:00

Shahed HassanI often get confused with two words -- educated and learned. Is it a dichotomy or a standing for the same meaning? My poor knowledge and academic experience compels to believe that all educated persons may not be learned....

Global crisis and its impact on Bangladesh*****

2011-04-22 00:00:00

If the Eurozone debt crisis engulfs the Asian economies, possibilities are slim that Bangladesh will be unscathed. But conversely, this crisis can bring about opportunities for the country, thanks mainly to its cheaper exports. So, what we need is prudent...

Sexual harassment and impunity******

2011-04-22 00:00:00

Amena MohsinWomen's 'normativity' and 'sexuality' is constructed through culture and religion. In Bangla there is a proverb "lojja narir aboron" (Shame modesty is the outer garmentdress of women). Such proverbs indeed need to be contextualized within a history. These are...

Elimination of child labour in Bangladesh: Miles to go*****

2011-04-22 00:00:00

Kamrun NaharChild labour is a reality in Bangladesh where over 30 per cent of its total population is still living below the poverty line and around 18 per cent are extreme poor. Poverty, ignorance, lack of awareness, bureaucratic complexity and...

Kafkaesque reality and Bangladesh******

2011-04-22 00:00:00

Bliss was it in that dawn to be alive, But to be young was very heaven! -William Wordsworth Wordsworth could not describe more precisely and eloquently the victory of the French Revolution than he did in the above couplet of...

Overcoming regional differences in development******

2011-04-22 00:00:00

Rushidan Islam RahmanRegional income inequality can be a matter of concern if some regions continuously experience slower income growth compared to other regions. Similarly, regional inequality in poverty incidence or change of poverty incidence, if occurs over long duration, can...

Myanmar keen to resolve Rohingya problem thru' negotiation: Envoy

2011-04-22 00:00:00

Myanmar is keen to resolve all problems including that of the Rohingya refugees through negotiations by the two democratic governments. Newly-appointed Myan-mar Ambassador in Bangladesh U Min Lwin said this when he presented his credentials to President M Zillur Rahman...