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2010-11-24 00:00:00

Sri Lanka probes mass soldiers' grave claim COLOMBO, Nov 23: Sri Lanka Tuesday began investigating a claim that Tamil Tiger rebels executed 26 captured government soldiers at the height of fighting between the two sides last year, an official said....

Telenor wants to launch 3G service in Bangladesh

2010-11-24 00:00:00

Telenor Group, mother organisation of Grameenphone, has sought government cooperation to launch 3G service in Bangladesh for increasing the internet penetration in the country, reports UNB.Telenor Group president and chief executive officer (CEO) Jon Fedrik Baksaas made the appeal during...

ICB AMCL discloses NAV of different mutual funds

2010-11-24 00:00:00

ICB Asset Management Company Limited (AMCL), a subsidiary of Investment Corporation of Bangladesh (ICB), has disclosed the Net Asset Values (NAV) of its different mutual funds, according to a press release.ICB AMCL First Mutual Fund: The total NAV of ICB...

City Brokerage Limited appoints new CEO

2010-11-24 00:00:00

Kh. Asadul Islam (Ripon) has been appointed as Chief Executive Officer (CEO) of City Brokerage Limited, which is wholly owned subsidiary of The City Bank Limited, said a press release.Prior to his appointment as CEO, he held the position of...

German business team due today

2010-11-24 00:00:00

FE ReportGerman State Secretary of the Federal Foreign Office, Mr. Martin Biesel, and an eight-member business delegation will be visiting Bangladesh from today (Wednesday).Mr. Martin Biesel will deliver a speech on the 'Perspectives of Bilateral Relations' on the occasion of...

Merchandise exports make impressive growth in Oct

2010-11-24 00:00:00

FE ReportCountry's merchandise exports marked an impressive 65 per cent growth in October 2010 which reached $1.68 billion thanks to the major earning sectors' forward march in two new markets.The export earnings in October 2009 were $1.02 billion, according to...

Probe detects massive deceit in import of refrigerators

2010-11-24 00:00:00

Doulot Akter MalaAn in-depth investigation has found massive under-invoicing and false declaration in import of refrigerators causing a substantial amount of revenue loss to the national exchequer.The investigation launched by Bangladesh Tariff Commission (BTC) has found most of the imported...

Help protect tigers: PM

2010-11-24 00:00:00

ST. PETERSBURG, Nov 23 (UNB): Prime Minister Sheikh Hasina on Tuesday urged the world community to assist Bangladesh in protecting the Sundarbans and the Royal Bengal Tigers."The international community can join in our efforts to save this natural green wonder,...

Zoellick assures Hasina of timely release of Padma Bridge funds

2010-11-24 00:00:00

ST PETERSBURG, Nov 23 (UNB): World Bank (WB) President Robert Zoellick has assured Prime Minister Sheikh Hasina that funds pledged by the global lender for constructing the Padma Bridge in Bangladesh would be released on time.The assurance came when the...

Taking a gamble with food procurement

2010-11-24 00:00:00

Shamsul Huq Zahid In a clear deviation from a built-in and old practice, the government last Monday decided not to procure rice from domestic market during the ongoing Aman season. The decision, taken a meeting of the Food Policy and...

Khaleda sues govt, cantonment board

2010-11-24 00:00:00

BNP chairperson Begum Khaleda Zia has filed a contempt of court case against the government and cantonment board over alleged eviction from her cantonment residence on Nov 13, reports bdnews24.com. The case was filed with the Appellate Division on Tuesday,...

Dhaka stocks back to old course

2010-11-24 00:00:00

FE ReportDhaka stocks returned to the black Tuesday, just a day after price correction triggered by the regulator's measures to restrict credit flows.The day was also remarkable as the authorities, at the instruction of the Securities and Exchange Commission (SEC),...

Two foreign firms submit proposals for DEE

2010-11-24 00:00:00

Munima SultanaA Thai firm and a Bangladesh-Korea joint venture have shown interest to build US$ 2.0 billion Dhaka elevated expressways (DEE), the country's first biggest infrastructure project under public-private-partnership (PPP). Out of four short-listed companies, two firms came up with...

Tanners agree to raise price of raw hides

2010-11-24 00:00:00

FE ReportAfter a marathon meeting Tuesday, tanners agreed to pay Tk 5-10 extra for buying raw hides against its price fixed at Tk 55-60 per square foot for cows for Dhaka and Tk 45-50 for outside Dhaka.But the revised rate...

CNG pump owners defer strike to Dec 21

2010-11-24 00:00:00

FE ReportThe CNG pump owners for the second time have deferred their strike to December 21 from the earlier declared November 26 as the government has sought more time to fulfil their demands.The association of the CNG filling station and...

Two deaths cause 4-hr traffic halt

2010-11-24 00:00:00

GAZIPUR, Nov 23: Two college students have died on the spot in a road accident as a Dhaka-bound bus rammed a motorbike in front of ACI factory at Rajabari of Sripur Upazila in Gazipur around 1:15pm. Vehicular movement on Dhaka-Kapasia...

Building tilts in Ctg

2010-11-24 00:00:00

CHITTAGONG, Nov 23: A five-storey apartment complex in Agrabad has tilted Tuesday sending residents in the neighbourhood scurrying for safety. Law-enforcers and fire-fighters have reached the scene at Road 17 in the CDA residential area in the port city. The...

FBCCI emergency meeting today

2010-11-24 00:00:00

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) called an emergency meeting today at 11 am to discuss the country's economic and political situations. FBCCI president AK Azad will preside over the meeting at its seminar room, said...

CPA to formulate Code of Conduct for operators

2010-11-24 00:00:00

Our CorrespondentCHITTAGONG, Nov 23: The Chittagong Port Authority is formulating a code of conduct for all its stakeholders to ensure smooth delivery of cargo by the berth operators and improved services to the exporters and importers.The port authority has also...

Half of missions fail to reach export targets

2010-11-24 00:00:00

FE ReportTwenty three out of 44 Bangladesh missions abroad failed to achieve their respective export targets set for the first quarter (July-September) of the current fiscal when country's export recorded nearly 30 per cent growth over the same period of...

PM to discuss trade, investment with Japanese counterpart

2010-11-24 00:00:00

FE ReportEconomic cooperation, trade and investment are the major issues that will be discussed at the meeting between Prime Minister Sheikh Hasina and Japanese Premier Naoto Kan, said Japanese ambassador to Dhaka Tamotsu Shinotsuka Tuesday.Hasina will pay an official working...

Call money rate unchanged

2010-11-24 00:00:00

FE Report The call money rate remained unchanged Tuesday, third working day after the Eid-ul-Azha festival, despite injection of fresh fund into the market by the central bank.The inter-bank call rate ranged between 12 per cent and 28 per cent...

Imposter in secret Afghan-Taleban secret talks!

2010-11-24 00:00:00

From Fazle RashidNEW YORK, Nov 23: A person feigning himself to be Mullah Mansur, one of the senior-most Taleban commanders has been participating in the secret talks between Taleban an Afghan leaders to end the war. It seems absolutely incredible...

Industrial raw materials should get import duty exemption, says Dilip

2010-11-24 00:00:00

FE ReportIndustrial raw materials should get import duty exemption to spur industrialisation and create employment in the country, industry minister Dilip Barua said on Tuesday."Industrialisation is not possible only by cheap labour unless easy access to capital and raw materials...

Civil aviation acts to realise arrears with 9 state entities

2010-11-24 00:00:00

FE ReportThe civil aviation and tourism ministry has taken a move to realise huge stuck up arrears lying with nine state-owned organisations for long against rented space and room charges at airports.The state-owned entities owe Tk 7.76 million to the...

Delwar urges all to follow Bhashani's ideals

2010-11-24 00:00:00

BNP Secretary General Khandaker Delwar Hossain has called upon all to devote them to nation building being imbibed with the ideals of Maulana Abdul Hamid Khan Bhashani.Maulana Bhashani, the leader of the downtrodden, had struggled throughout his life for the...

Govt will have 'no say' if hartal observed democratically: Sahara

2010-11-24 00:00:00

Home Minister Sahara Khatun has said intelligence agencies have been instructed to collect information if any subversive acts are being planned in the name of hartal on November 30, reports UNB.She said, "Since calling hartal is a democratic right, we...

LDP chief warns govt of losing popularity

2010-11-24 00:00:00

Liberal Democratic Party (LDP) Chief Col (retd) Oli Ahmed said that the government had failed to rein in prices and maintain law and order and warned of terrible consequences if it lets things escalate further, reports bdnews24.com. "The situation in...

Faruk urges BNP to shun destructive politics

2010-11-24 00:00:00

Commerce Minister Lt Col (retd) M Faruk Khan has urged BNP to avoid destructive politics so that the international business community does not think that Bangladesh is a land of political conflicts, reports BSS."I hope BNP will call off hartal...

Fund shortage causes closure of 18 tanneries in port city

2010-11-24 00:00:00

Jasim Uddin Haroon and Nezam Uddin back from CtgNon-availability of fund resulted in the closure of 18 tanneries out of 20 over the past few years in the port city of Chittagong. The tanneries could not be turned into crust...