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Cell phone operators rope in 2.0m subscribers in May

2010-06-19 00:00:00

Mehdi Musharraf BhuiyanThe country's six mobile operators added two million subscribers in the month of May, the highest monthly growth in 28 months, led by the two top players Grameenphone and Banglalink.According to the latest official statistics of Bangladesh Telecom...

Time for scrutinising tax files to be increased

2010-06-19 00:00:00

Doulot Akter MalaThe government is set to increase time for scrutinising and auditing tax files filed under universal self-assessment in a bid to help taxmen detect tax evasion by collecting sufficient information.The National Board of Revenue (NBR) will increase auditing...

US rally to tie Slovenia 2-2

2010-06-19 00:00:00

JOHANNESBURG, June 18 (AP): The United States rallied from a two-goal halftime deficit on goals by Landon Donovan and Michael Bradley to tie Slovenia 2-2 in their Group C match Friday.Bradley, the coach's son, scored in the 82nd minute after...

Purbachal plots handover to start by Dec

2010-06-19 00:00:00

The city development authority will start handing over plots of the planned Purbachal town to the owners by December, the head of RAJUK has said, reports BSS. Purbachal with an area of about 6,150 acres is touted as the country's...

Some insurance directors also on bank, FI boards

2010-06-19 00:00:00

FE ReportAs many as 140 directors of private insurance companies are also directors of banks and other financial institutions (FIs).The new Insurance Act 2010 has barred a director of any insurance company from becoming director of other financial institutions including...

PM undergoes minor operation

2010-06-19 00:00:00

Prime Minister Sheikh Hasina underwent a minor operation at Ganabhaban Friday morning. Renowned surgeon Dr Kamal Bosh conducted the operation on Hasina's leg. Prime Minister's press secretary Abul Kalam Azad said, "Now she is well". Dr Kamal Bosh advised Hasina...

60 Bangladeshi workers arrested in Abu Dhabi

2010-06-19 00:00:00

Abu Dhabi police arrested 60 Bangladeshi nationals last Monday on charges of illegally residing there. All those arrested were reported absconding by their sponsors. The Bangladesh embassy sources said they are in touch with the UAE authorities for more information...

Gold hits all time high above $1,258 an ounce

2010-06-19 00:00:00

LONDON, June 17: The price of gold surged to an all-time high point above 1,258 dollars an ounce on Friday, on the back of the weaker US currency and downbeat US economic data, traders said. In afternoon trading on the...

An opportunity provides itself

2010-06-19 00:00:00

Mahmudur RahmanChittagong has a new Mayor and in a strange way the election of M. Manzur Alam provides more opportunity than adversity for Prime Minister Sheikh Hasina as she strives towards her declared intent, made ahead of the last general...

G20 must guard, strengthen economic recovery: Obama

2010-06-19 00:00:00

WASHINGTON, June 18 (AFP): Top world economies must step up crucial financial reforms in order to "maintain the momentum" of global economic recovery, US President Barack Obama told G20 leaders in a letter released Friday."We worked exceptionally hard to restore...

Apparel workers’ call for wage-hike movement worries manufacturers

2010-06-19 00:00:00

Jubair Hasan Panic has gripped the country's 4,500 plus garment manufacturers after workers threatened to launch a nationwide non-stop protest for wage hikes later this month.All left leaning trade unions have joined forces and labour groups of top political parties...

Infrastructure, law & order improvement essential to achieve budgetary target

2010-06-19 00:00:00

FE ReportSpeakers at a roundtable Friday termed the budget proposal for 2010-2011 as highly ambitious, saying the government might fail to achieve 6.7 per cent GDP growth due to the absence of investment atmosphere.They said the government would have to...

DSE keeps upward trend for 5th straight week

2010-06-19 00:00:00

FE ReportDhaka Stock Exchange (DSE) maintained upward trend for the fifth straight week that ended Thursday, amid descending turnover.During the week, the benchmark DSE General Index (DGEN) gained 40.04 points or 0.64 per cent to close at 6,299.74.The broader All...

HC spl bench to deal with risky building cases

2010-06-19 00:00:00

A special bench in the High Court will be formed to quickly resolve cases on risky buildings in Dhaka, the Law Minister Shafiq Ahmed has said, reports bdnews24.com. City development authority Rajdhani Unnayan Kartipakkha (Rajuk) can take the required steps...

BSCIC to set up auto estate at Amin Bazar

2010-06-19 00:00:00

Sonia H MoniBangladesh Small and Cottage Industries Corporation (BSCIC) will set up an automobile estate at Amin Bazar in the capital, BSCIC chief said.BSCIC Chairman Siddiqur Rahman told the FE: "We are going to establish the automobile estate with modern...

Landslide and the human factor

2010-06-18 00:00:00

A very simplistic explanation is being put forward that last Tuesday's landslides at Bandarban and Cox's Bazar were caused entirely by natural factors like torrential rains, leading to a softening and loosening of the soil. But such an easy explanation...

Highest ever allocation in the power sector

2010-06-18 00:00:00

Enayet Rasul BhuiyanRESPONDING to expert suggestions as well as from its own realisation, the government has allocated some 66 per cent more for the power sector in the proposed national budget for the coming fiscal year compared to the allocation...

Budget in the light of 'Charter for Change'

2010-06-18 00:00:00

O. H. KabirAfter independence, the first national budget for the fiscal year (FY), 1972-1973, presented by then Finance Minister Tajuddin Ahmed amounted to Taka 7.86 billion (786 crore) only. Today in FY 2010-2011 our national budget stands at Tk. 1.32...

Destructive activities over World Cup football

2010-06-18 00:00:00

It appears that the football craze is blinding a section of people to the need of thinking about their own country or the consequences of their unruly acts. This is most unfortunate. If these people would not understand, then it...

Saving DAP from greedy developers

2010-06-18 00:00:00

Dhaka, the city of over 13 million people turn into a flooded one in almost all of its parts even after a short period of heavy rains. It acquires the appearance of a city flood as water fails to drain...

Reviewing new fiscal proposals

2010-06-18 00:00:00

Masih Malik ChowdhuryCAPITAL gain on profit of share sale under the new fiscal proposals for the forthcoming financial year (FY) is to be fixed at 10% for institutions. And it is proposed 5.0% for shareholders and directors of the listed...

Stop hammering away at the Earth's foundation

2010-06-18 00:00:00

Maswood Alam KhanIN an interview with Politico last Monday US President said the way 9/11 profoundly shaped the Americans' view of their vulnerabilities and their foreign policy the recent disaster of oil spill in the Gulf of Mexico is also...

Friday

2010-06-18 00:00:00

BTVam07:00 Announcement, Recitation From The Holy Quran, Programme Outline And The Holy Tripitak Paath07:20 Desher Gaan07:45 Muktijudher Pratidin08:00 Sakaler Sangbad08:10 Aso Gaan Shikhi08:35 Patrikar Sangbad Shironam09:10 Children Drama - Tom & Jerry09:35 Children Drama - Sisimpur10:00 The News10:05 Tifeener Adday10:35...

Nikkei slips off one-month high after 5 days of gains

2010-06-18 00:00:00

TOKYO, June 17 (Reuters): Japan's Nikkei average fell 0.7 per cent Thursday after five days of gains, coming off one-month highs, though support was expected to hold at the level of the benchmark's 25-day moving average.The Nikkei was stuck near...

Emerging stocks rise for eighth day on economic growth outlook

2010-06-18 00:00:00

SINGAPORE, June 17 (Bloomberg): Emerging-market stocks advanced for an eighth day, the longest stretch of gains in two months, on speculation the global economy will withstand China's tightening measures and Europe's sovereign-debt crisis. The MSCI Emerging Markets Index rose 0.2...

Sensex gains momentum, L&T, RCom, DLF gain

2010-06-18 00:00:00

MUMBAI, June 17 (Economic Times): Benchmarks were near day's highs following upmove in European peers. Capital goods and oil&gas sectors led the gainers pack while banks and IT stocks were marginally lower. At 2:15 pm, Bombay Stock Exchange's Sensex was...

Spain raises nearly $4.3b in oversubscribed bond auction

2010-06-18 00:00:00

MADRID, June 17 (AP): Spain has raised nearly $4.3 billion in an oversubscribed auction of 10- and 30-year Treasury bonds, although at sharply higher interest rates.The Treasury sold euro3 billion in 10-year bonds Thursday at an average interest rate 4.86...

KSE index surges 186.33 points

2010-06-18 00:00:00

KARACHI, June 17 (Business Recorder): Healthy activities were witnessed at the local bourse Wednesday on the investors' expectations over positive outcome of the meeting on the issue of Capital Gains Tax that the government's steps to reduce circular debt. "After...

Agrani Bank holds workshop in Gopalganj

2010-06-18 00:00:00

Our CorrespondentGOPALGANJ, June 17: A training workshop on "Anti-money laundering" organised by Agrani Bank Limited was held at Polli Biddut Samity office auditorium in Gopalganj town recently.Md Samsul Hossain, director of Agrani Bank Training Institute, Dhaka was present as the...

India, China to cooperate in food grain storage

2010-06-18 00:00:00

NEW DELHI, June 17 (Commodity Online): In a new dimension towards Indo-Chinese cooperation, the two neighbours are said to be extending support in the field of food grain storage with technical experts and engineers from India's leading agriculture warehousing and...