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UK co's $ 800m plan to develop Mongla port

2010-11-12 00:00:00

FE ReportA British company has submitted a US$ 800 million plan for the development of Mongla port to make it an efficient transit port which will cater to the need of the neighbours.Port Evolution Management Company in its development plan...

Govt to implement separate pay scale for SCBs, BB this fiscal, says Muhith

2010-11-12 00:00:00

FE Report The government will implement separate pay scale for state-owned commercial banks (SCBs) and the central bank this fiscal year, Finance Minister AMA Muhith said Thursday. "The government is determined to implement separate pay scale for SCBs within this...

DMP, DCC to

2010-11-12 00:00:00

FE ReportDhaka Metropolitan Police (DMP) and Dhaka City Corporation (DCC) will launch special drives jointly to evict illegal cattle markets from the city ahead of Eid-ul-Azha as the corporation loses millions of taka in revenue due to those markets."We'll not...

Timely steps help avert global recession: PM

2010-11-12 00:00:00

Prime Minister Sheikh Hasina said Thursday that effective and timely steps by the present government were behind the success of Bangladesh averting the world economic meltdown when most of the strong economies had been affected badly, reports UNB.She made the...

Driver shot dead as bus hits rickshaw

2010-11-12 00:00:00

FE ReportA bus driver was killed and a helper one injured as a rickshaw passenger opened his licensed firearm after a scuffle among them over a minor accident in the capital's Fulbaria area Thursday, police said.The deceased was identified as...

G20 summit begins, currencies set to dominate the agenda

2010-11-12 00:00:00

SEOUL, Nov 11 (Agencies): The world's leading economies have begun a summit in South Korea, with currency policies set to dominate the agenda.There are fears the G20 meeting in Seoul could descend into a row between the US and China...

DGEN continues to set new record

2010-11-12 00:00:00

FE ReportDhaka stocks closed broadly higher for the third consecutive session amid volatility Thursday, riding on heavyweight Grameenphone (GP) that soared nearly seven per cent.The DSE General Index (DGEN), the yardstick of the market, gained 0.56 per cent or 46.02...

RMG workers go on rampage in Gazipur

2010-11-12 00:00:00

GAZIPUR, Nov 11: Workers of two garment factories went on rampage at Bhogra and Konabari in the district headquarters Thursday protesting payment of low wages. Witnesses said workers of Rose Sweater unit-2 at Bhogra went on work abstention and demonstrated...

50mw plant set to supply power to national grid

2010-11-12 00:00:00

DPA Power Generation International, an initiative of Bangladesh Army to generate power on rental basis, is set to supply 50 MW power to the national grid within this month. DPA is the lone local company that completed quick rental power...

CJ regrets journos' no access to Khaleda's case hearing

2010-11-12 00:00:00

Chief Justice ABM Khairul Haque has regretted events of Wednesday as journalists were barred from covering case proceedings held in the Appellate Division over former Prime Minister Khaleda Zia's plea for a stay on the operation of the High Court...

weather

2010-11-12 00:00:00

Light to moderate rain or thundershowers accompanied by temporary gusty or squally wind is likely to occur at many places over Dhaka, Rajshahi, Barishal, Chittagong and Sylhet divisions and at a few places over Khulna division today (Friday). Night temperature...

US firm to give consultancy service

2010-11-12 00:00:00

FE ReportThe government has selected US firm CH-IV International to provide consultancy service for building the country's first liquefied natural gas (LNG) import terminal at Maheshkhali island in the Bay of Bengal, officials said Thursday.The firm will provide support to...

Western Marine gets German vessel

2010-11-12 00:00:00

Our CorrespondentCHITTAGONG, Nov 11: Western Marine Services Ltd, a leading ship builder of the country, has purchased a German built bulk carrier, company sources said.The vessel, MV Western Traveller, has been registered under Bangladesh Flag by the Mercantile Marine Department...

RMG workers to get salary, allowances before Eid

2010-11-12 00:00:00

FE ReportNew wage structure for RMG workers will be effective from November 1 but they will get salary and other allowances before Eid-ul-Azha as per existing rules and regulations, said Begum Munnu Jahan Sufian, state minister for labour and employment,...

Demolition of tilted bldg begins at Kanthalbagan

2010-11-12 00:00:00

Demolition of the tilted building at Kanthalbagan has begun three days after it fell on another 16-storey building to its east, reports bdnews24.com. The ground floor of the seven-storey building collapsed around 11pm Sunday. No casualties were reported. Residents of...

Rescue operation of sunken ship yet to begin

2010-11-12 00:00:00

Our CorrespondentCHITTAGONG, Nov 11: Rescue operations to salvage a lightering coastal ship sunk in the Karnafuli river are yet to begin as the Chittagong Port Authority issued a letter to the ship owner Wednesday afternoon to take steps for searching...

Major airlines to pay euro 800m fine for running air cargo cartel in Europe

2010-11-12 00:00:00

From Fazle RashidNEW YORK, Nov 11: Eleven reputed and major airlines are to pay a fine of euro 800 million for running air cargo cartel in Europe. Noteable among the airlines who have been penalised are British Airways, Air France-KLM,...

$120m ADB loan for improving urban planning in two cities

2010-11-12 00:00:00

FE ReportThe Asian Development Bank (ADB) has approved a US$ 120 million loan for the improvement of urban planning and services in Bangladesh. The ADB loan will be made available for overhauling urban planning and infrastructure in two of its...

NSU face IUB tomorrow

2010-11-12 00:00:00

Holders North South University (NSU) and Independent University-Bangladesh (IUB) advanced to the final of the Mentors' Inter-Private University Football tournament winning their respective semis at the Bir Shrestha Shaheed Sepoy Mohammad Mostafa Kamal Stadium in Kamlapur Thursday, reports UNB.The final...

Nat'l Cricket League today

2010-11-12 00:00:00

The 3rd round of the second phase one-day 12th National Cricket League will be held today (Friday) at two separate venues in the city, reports UNB.On the day, Dhaka Division will take on Barisal Division at the Sher-e-Bangla National Stadium...

Zimbabwe cricket team to arrive in city Nov 26

2010-11-12 00:00:00

Zimbabwe cricket team will arrive in the city on November 26 on an 18-day tour to play five One Day International (ODI) matches against host Bangladesh in Dhaka and Chittagong, reports UNB.During the tour, Zimbabwe will also play a one-day...

Media Cricket final Daily Star meets Destiny today

2010-11-12 00:00:00

The Daily Star takes on the Destiny in the final of the DRU-Pepsi Media Cricket today (Friday) at 10:00 am at the Maulana Bhasanai National Hockey Stadium in the city, reports UNB.State Minister for Women and Children Affairs Dr Shirin...

Pakistan warn cricketers of 'strangers'

2010-11-12 00:00:00

GUANGZHOU, China, Nov 11 (AFP): Pakistan have warned their cricket players to be wary of anyone approaching them to throw or fix matches at the Asian Games, after accusations of corruption were levelled at the Test team.Test captain Salman Butt...

B’desh loses to HK in football

2010-11-12 00:00:00

Bangladesh lost to Hong Kong by 1-4 goals in their last E group match of the Asian Games Football at the Haudu Stadium in Guangzhou, China Thursday, reports UNB.With the day's result, Bangladesh made an early exit from the meet...

JGPS defeat KGPS

2010-11-12 00:00:00

GAIBANDHA, Nov 11 (BSS): The final match of Bangabandhu Gold Cup Primary School Football Tournament-2010 in district level organised by district administration and Directorate of Primary Education (DPE) was held at Shah Abdul Hamid Stadium of the town here Wednesday.The...

First national women's team for Afghanistan

2010-11-12 00:00:00

KABUL, Nov 11 (AFP): Afghanistan is to get its first national women's cricket team, the sport's governing body in the country said Thursday, announcing plans for it to compete in an international tournament next year."This development is so exciting for...

Rate cut on bonds 'behind fall in remittance flow'

2010-11-11 00:00:00

Sheikh Shahariar ZamanExpatriates' Welfare and Overseas Employment Ministry has expressed its concern over the recent fall in remittance and held some Finance Ministry decisions responsible for it.It also expressed its worry that the decisions might discourage expatriates to send remittance...

Will auto fare revision bear any meaning?

2010-11-11 00:00:00

Shahiduzzaman KhanThe government raised the CNG-run auto-rickshaw fares that would come into effect from January next year. The revised fare for the first two kilometres, according to reports, has been increased from Tk 14 to Tk 25, while Tk 7.0...

G20 summit begins today, going to be stormy

2010-11-11 00:00:00

Fazle RashidNEW YORK, Nov 10: The G20 summit meeting beginning in Seoul, South Korea today is going to be a stormy with China, Germany and Brazil taking diametrically opposite stand taken by the US. China's rating agency downgraded the United...

Govt caps interest on micro-credit at 27pc

2010-11-11 00:00:00

FE Report The micro-credit regulatory authority (MRA) has capped the interest rate on micro finance at maximum 27 per cent initially, which would be slashed gradually through improving efficiency of the micro-finance institutions (MFIs). Under the new measures, the MFIs...