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Mir Shawkat buried with state honour

2010-11-23 00:00:00

Lt Gen (retd) Mir Shawkat Ali, Bir Uttam, was buried with state and military honour at the Banani military graveyard in the city Monday afternoon, reports UNB.Mir Shawkat Ali, one of the sector commanders during the Bangladesh Liberation War in...

JSC, JDC exams end

2010-11-23 00:00:00

The Junior School Certificate (JSC) and Junior Dakhil Certificate (JDC) examinations ended Monday, reports bdnews24.com. The JSC mathematics exam and JDC social science exam were held between 10am and 1pm at different exam centres on the day around the country,...

BB Governor's mother dies

2010-11-23 00:00:00

Hazera Khatun, mother of Bangladesh Bank Governor Dr Atiur Rahman, died of old age complications on Sunday. She was 85, reports UNB.She left behind five sons, three daughters and a host of relatives and well-wishers to mourn her death.She fell...

Govt drops Aman procurement plan

2010-11-23 00:00:00

FE ReportThe government has, for the first time, dropped the plan to procure any food-grain during the current Aman season. Rather, it has decided to maintain the country's food-grain supply through imports. Such unprecedented decision was taken Monday at the...

Dhaka stocks fall amid volatility

2010-11-23 00:00:00

FE ReportDhaka stocks fell amid volatility Monday, triggered by the securities regulator's credit tightening measures, dealers said.Some, however, said the impact of the regulator's move was far from expected, as a lot of buyers were still present in the market....

Sangu gas level falling fast, business in for worse times

2010-11-23 00:00:00

FE ReportGas production at the country's lone offshore Sangu gas field fell by half to a meagre 11 million cubic feet per day (mmcfd) Monday resulting in acute gas crisis in the port city of Chittagong, said officials.Sangu's current production...

WB commits $1.9b to cut recession impact

2010-11-23 00:00:00

FE ReportThe World Bank (WB) pledged to lend out a total US$1.9 billion during 2008 and 2009 fiscal years to help Bangladesh ward off the impact of the global economic crisis, according to a new study.The study by Independent Evaluation...

Tenders for 10 to be floated pending ECNEC approval

2010-11-23 00:00:00

Munima SultanaPending formal approval of ECNEC, the government is going to invite tenders for 10 projects of the communications ministry to be implemented under Indian credit.Officials said Prime Minister Sheikh Hasina has already given approval of the communications ministry's proposal...

BNP calls hartal for Nov 30

2010-11-23 00:00:00

BNP has called a country-wide dawn to dusk general strike (hartal) for November 30, reports bdnews24.com. Secretary General Khandker Delwar Hossain made the announcement emerging from a standing committee meeting held Monday night. Meanwhile UNB adds: Police and detective agents...

Tanners, traders agree to settle row over hide prices

2010-11-23 00:00:00

Jubair HasanTanners and traders have agreed to settle the row over prices of raw hides following a government intervention on the assumption that a lingering dispute will lead to smuggling of the vital export product.Both the group reached the agreement...

Govt may cut life insurance cos' tax rate: Muhith

2010-11-23 00:00:00

FE Report The government will consider lowering high income tax rate on life insurance companies as the sector is still immature, said Finance Minister Abul Maal Abdul Muhith Monday."The tax rate is very high compared with those in other countries...

AL MP Sachchu passes away

2010-11-23 00:00:00

Ruling Awami League lawmaker Lutful Hye Sachchu died of heart attack at Apollo Hospital in the capital Monday noon. He was 75, Lutful, a valiant freedom fighter and president of the parliamentary standing committee on the Ministry of Commerce, breathed...

Hasina may hold talks with Putin, Wen Jiabao today

2010-11-23 00:00:00

ST PETERSBURG, Nov 22 (UNB): Prime Minister Sheikh Hasina is likely to hold bilateral meetings with Russian Prime Minister Vladimir Putin and Chinese Premier Wen Jiabao tomorrow (Tuesday) morning, on the sidelines of the high-level meeting of the International Forum...

weather

2010-11-23 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 (Tuesday). Light to...

Joint venture co to monitor Dhaka-Ctg highway project

2010-11-23 00:00:00

An India-Bangladesh joint venture company has been selected as consultant for the project to widen the Dhaka-Chittagong highway into a four-lane one, report agencies. The Cabinet Committee for Government Purchase at a meeting Monday approved the appointment of the joint...

Tk 7m valuables gutted by fire at ICB

2010-11-23 00:00:00

FE Report A fire broke out at the computer division of Investment Corporation of Bangladesh (ICB) housed at Bangladesh Development Bank Limited (formerly Shilpa Bank) headquarters in the capital's Motijheel area Monday.Firefighters said the blaze originated on the 15th floor...

Twelve cos fail to submit audited reports by Nov 14

2010-11-23 00:00:00

FE ReportTwelve listed companies have failed to submit their yearly audited financial statements by the deadline fixed on November 14, DSE officials said.The companies which have failed to submit their reports are Beacon Pharma, Bangladesh Shipping Corporation (BSC), Delta Spinners,...

Economic contagion continues, spreading fear in Europe

2010-11-23 00:00:00

From Fazle Rashid NEW YORK, Nov 22: The economic contagion does not seem to be healing. It continues to grow spreading fear in Europe in particular. Ireland resisting a rescue package finally relented and has agreed to apply for a...

MJ shares to be offloaded under book building system

2010-11-23 00:00:00

The Cabinet Committee on Economic Affairs today Monday approved a proposal of the Energy Ministry to offload shares of Mobil Jamuna Lubricants (MJL) Bangladesh Ltd on the capital market under the book building system, reports UNB. Finance Minister AMA Muhith...

Call money rate still higher

2010-11-23 00:00:00

FE Report The call money market continued to be bullish Monday, second working day after the Eid-ul-Azha festival, despite the injection of fresh fund into the market by the central bank.The inter-bank call rate ranged between 15 per cent and...

Country's OBI score improves

2010-11-23 00:00:00

FE ReportBangladesh scored 48 in Open Budget Index (OBI) 2010 which shows that the government provides people with some information on budget and financial activities during the course of the budget year.The Open Budget Index (OBI) is an initiative of...

Norway minister visits ship breaking yard this morning

2010-11-23 00:00:00

Our CorrespondentCHITTAGONG, Nov 22: Norwegian Minister for Environment and International Development Eric Solehim is scheduled to visit the Chittagong ship breaking yard Tuesday morning. The minister arrived at the port city Monday evening and is staying at a hotel in...

1 killed under speeding train in city

2010-11-23 00:00:00

A garment worker has been crushed under the wheels of a train in the capital city’s Banani area, reports bdnews24.com.The accident took place near the Sainik Club at Banani Chairman Bari on Monday at around 1pm. The victim, identified as...

Sustainable solution for natural gas crisis

2010-11-22 00:00:00

Ridwan QuaiumPRIOR to year 2000, most vehicles in Bangladesh were used to run on petroleum. Since crude oil is not a natural resource that is found in Bangladesh, the Bangladesh Government had to import it. The issue is that as...

Trade associations should be pro-competition

2010-11-22 00:00:00

M S SiddiquiTRADE associations (TAs) are established under law of the land. TAs in Bangladesh are registered as per Trade Organization Ordinance, Trade Organizations (Arbitration Tribunal) Rules, 1981 and Trade Organizations Rule 1994. The associations take approval of the regulator,...

Preparing to face the looming food crisis

2010-11-22 00:00:00

There is a pressing need on the part of a country like Bangladesh which depends to some extent on imported food grains and a great deal on imported cooking oil, pulses, spices and dairy products, about both the soaring prices...

Food inflation is hurting

2010-11-22 00:00:00

Shamsul Huq Zahid None of the important people across the political divide seems concerned about what is hurting the common people most. It is food inflation. In September last, according to the Bangladesh Bureau of Statistics (BBS), the food inflation...

Improving standards and testing to increase exports

2010-11-22 00:00:00

Md Ismail KhanONE of the vital areas to aid stepped-up economic activities, specially in the area of exports, is yet to be properly developed in Bangladesh. This is the in the sphere of correctly evaluating standards of goods and testing...

National problems going out of focus

2010-11-22 00:00:00

LET not the supremos in our political parties be under any illusion about what the people want in whose name they say they do politics or derive their legitimacy and powers. People of the country were unimpressed audiences of a...

Considering desalination plants: Sooner rather than later

2010-11-22 00:00:00

Sea water can be made into freshwater. The process is called desalination. It is being used more and more around the world to provide people with needed freshwater. A method to desalinate seawater is the “reverse osmosis” method. Right now,...