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Six overpasses on city rail crossings by 2012

2010-10-01 00:00:00

The government will construct six overpasses on six major rail crossings in the city within 2012 to avert accidents that occur frequently claiming valuable lives, Communication Secretary Mozammel Haque said on Thursday. While talking to journalists at the Secretariat, he...

Party audit deadline expires

2010-10-01 00:00:00

The deadline for parties, registered with the Election Commission, to submit their annual audit expired at 5pm on Thursday. The commission officials said a number of parties are yet to submit their reports. The commission extended the original July 31...

UK trade team due in city Oct 4

2010-10-01 00:00:00

A high-profile UK trade delegation is set to visit Dhaka from October 4 on a 5-day tour to explore commercial ties with Bangladesh.The 14-member team from Coventry & Warwickshire Chamber of Commerce will include chemicals, technology, IT, healthcare, food and...

Weather

2010-10-01 00:00:00

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

3 members of a family killed in city

2010-10-01 00:00:00

FE ReportThree members of a family were brutally killed by unknown miscreants at their house at Jatrabari in the capital Thursday, police said.The deceased were identified as Bithi Rahman (40), her mother-in-law Sufia Khatun (75) and her husband Mizanur Rahman...

The quirks of changing language

2010-10-01 00:00:00

Mahmudur RahmanThere's something about languages and their evolution through the ages akin to the natural way that life and civilisation evolves. The difference obviously is in society's in-built check and balance that prevents the evolution of life from going out...

25 cos fail to dematerialise shares within deadline

2010-10-01 00:00:00

Twenty-five companies will be placed on the OTC market from the main board Sunday, as they failed to convert paper shares to electronic forms in line with securities regulator's order.The Securities and Exchange Commission (SEC) gave four months' time, which...

Central bank cuts interest rate on EDF loan

2010-10-01 00:00:00

Siddique Islam The central bank has slashed interest rate on Export Development Fund (EDF) loan by 1.5 percentage points, applicable for maximum US$1.50 million credit. According to the new provisions, a single manufacturer-exporter will be able to take loan under...

Two firms submit bids for power plant in Sylhet

2010-10-01 00:00:00

M Azizur RahmanTwo firms -- one local and one foreign -- finally submitted bids Thursday for setting up the much-delayed 300-450 megawatt (mw) gas fired combined cycle power plant in northeastern Sylhet region, officials said.Local Summit Industrial and Mercantile Corporation...

Cost of Padma Bridge project rises to $2.9b

2010-10-01 00:00:00

FHM Humayan KabirThe proposed Padma Bridge Project will now cost US$2.9 billion, an escalation by $0.5 million over the initial estimate, a new assessment has revealed.Communications ministry officials said Wednesday building of the Padma bridge by the year 2013 will...

Tax fair in divisions planned from next year

2010-10-01 00:00:00

FE ReportThe revenue board plans to hold tax fair in all the divisions from next year following huge response to the first fair that it has initiated as 'test case,' NBR chief said Thursday."We will hold the tax fair in...

BB to sit with 3 banks that exceed share holding limit

2010-10-01 00:00:00

FE Report The central bank will sit with three more commercial banks separately, which have exceeded the share holding limit, from next week, officials said. "We've found that three private commercial banks have crossed their holding limit in the capital...

Correction

2010-10-01 00:00:00

In a news item published in September 30 issue of the FE under the headline 'SEC appeals against HC stay order', Syed Mudassir Hussain was inadvertently mentioned as outgoing chief justice. Actually Mohammad Fazlul Karim was the outgoing chief justice....

US pressing Israel to halt West Bank construction

2010-09-30 00:00:00

JERUSALEM, Sept 29 (AP): Washington's special envoy to the Mideast is in Israel Wednesday to try and get the stalled peace process back on track and press for a halt to new settlement construction on land the Palestinians want for...

Pakistan probes reports of Qaeda militant's death

2010-09-30 00:00:00

ISLAMABAD,Sept 29 (AP): Pakistan is investigating reports that a CIA missile strike killed a senior al-Qaeda commander as he traveled in a tribal region near the Afghan border, security officials said Wednesday.If confirmed, Sheikh Fateh al-Misri's death would be the...

Surprise defeat for Gillard’s govt

2010-09-30 00:00:00

CANBERRA, Sept 29 (Reuters): Two key independent Australian lawmakers handed Prime Minister Julia Gillard's new minority government a surprise defeat Wednesday as the country's first hung parliament since 1941 met for its first working day.Gillard's Labor Party government needs support...

Kim keeping power in the family

2010-09-30 00:00:00

SEOUL, Sept 29 (Internet): North Korean leader Kim Jong Il expanded his son's growing portfolio Wednesday, using the country's largest political conference in 30 years to cement his family's role in protecting his reclusive regime. North Korea's state news agency...

China lifts rare earth export ban to Japan

2010-09-30 00:00:00

TOKYO, Sept 29 (Reuters): China has ended a de facto ban on exports to Japan of rare earth minerals, a Japanese trading firm source said Wednesday, easing concerns about fallout from a bitter feud between Asia's two biggest economies.Tokyo and...

news digest

2010-09-30 00:00:00

Seoul, Pyongyang to hold border talks todayNorth and South Korea have agreed to hold military talks, their first in almost two years, the Defence Ministry in Seoul said Wednesday. The discussions were scheduled for Thursday at Panmunjom, a North Korean...

Tax policy needs to be equitable and adequate

2010-09-30 00:00:00

Syed Mahbubur RashidTax day was observed on September 15 with pomp and grandeur, of course with a lot of grandiloquence from the two mandarins. This day was first observed on September 15, 2008. Now it has become an annual phenomenon....

Any amendment to RTI Act needs to involve wider public debate

2010-09-30 00:00:00

Gopal SenguptaTHE Right To Information (RTI) Act is no doubt a progressive instrument of democracy, empowering citizens to obtain information. At the same time, the government cannot be faulted for proposing to exempt file notings from the Act's purview. As...

Why a win-win situation is important for strengthening Indo-Bangladesh bilateral relations

2010-09-30 00:00:00

Badrul Islam THE rate of interest to be charged on the $1.00 billion loan deal with Bangladesh by India has some relevant points for consideration. This rate 1.75 per cent per year with an additional commitment charge of 0.5 per...

Asian stocks rise amid hopes Fed to act on economy

2010-09-30 00:00:00

BANGKOK, Sept 29 (AP): Asian stock markets mostly climbed Wednesday, supported by growing speculation that the Federal Reserve is likely to introduce more measures to support the US economy, a key market for Asian exporters.Japan's benchmark Nikkei 225 stock average...

Gold hits historic high, breaks $1313 in Asia

2010-09-30 00:00:00

SINGAPORE, Sept 29 (Commodity Online): Gold created yet another record Wednesday as it crossed the $1313 an ounce mark on expectations of a Fed move to boost US economy. Gold for immediate delivery was seen trading at $1311.59 an ounce...

Blenders had good demand

2010-09-30 00:00:00

CHITTAGONG, Sept 29 (UNB): The weekly tea sale here Tuesday witnessed a slightly larger offering which met with more demand, particularly from the Blenders, who were very active and as a result, prices moved up in sellers' favour.According to a...

India to allow cotton exports from November

2010-09-30 00:00:00

TEXAS, Sept 29 (Commodity Online): India has decided to allow cotton exports from November 1. The decision was taken at the high powered cabinet ministerial committee in India chaired by the finance minster that included agriculture minister, commerce minister and...

Oil moves towards $77 in Asian trade

2010-09-30 00:00:00

SINGAPORE, Sept 29 (Commodity Online): World oil prices advanced towards $77 a barrel mark in Asian trade Wednesday mainly after reports of decline in US crude stockpiles. Light sweet crud for November delivery was seen trading at $76.64 a barrel...

Crude palm oil futures decline on weak global cues

2010-09-30 00:00:00

NEW DELHI, Sept 29 (PTI): Crude palm oil prices declined by Rs 3.60 to Rs 415.30 per 10 kg in futures market today as speculators reduced positions in tandem with a weakening global trend.A fall in demand against adequate stock...

Infosys shares hit record high

2010-09-30 00:00:00

MUMBAI, Sept 29 (Reuters): Indian shares eased in choppy trade Wednesday as investors locked in profits ahead of the expiry of monthly derivatives after the market had rallied nearly 12 per cent over four weeks. Traders said the undertone remained...

NCDEX jeera rebounds with buying support

2010-09-30 00:00:00

MUMBAI, Sept 29 (Commodity Online): Jeera futures managed to have some gains in its basket following increased buying at the lower level even though fundamentals remained subdued Wednesday. NCDEX jeera October contract quoted at Rs 13,508 quoted up by Rs...