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Chile players keeping calm ahead of WC debut

2010-06-13 00:00:00

NELSPRUIT, June 12 (AP): Chile goalkeeper Miguel Pinto and midfielder Rodrigo Tello are staying focused on their opening Group H match against Honduras Wednesday while watching other teams start their World Cup schedules.Chile is among the last teams to play...

FIFA looks at why opening match seats were empty

2010-06-13 00:00:00

JOHANNESBURG, June 12 (AP): FIFA is investigating why a section of seats in the Soccer City stadium was unoccupied during the World Cup opening match between South Africa and Mexico.FIFA spokesman Nicolas Maingot said Saturday that "there was one block...

Uttar Baridhara earn win over Agrani Bank

2010-06-13 00:00:00

Uttar Baridhara Club came from behind to notch a 3-1 goals victory over Agrani Bank SC in the Bashundhara Metropolis Senior Division Football League at the Bir Shreshtha Sepoy Mohammad Mostafa Kamal Stadium in Kamalapur Saturday, reports UNB.Farhad put the...

DSE says proposed taxes to dent stock market's growth

2010-06-13 00:00:00

FE ReportDhaka Stock Exchange came down hard on the budget, saying the proposed capital gains tax on institutional investors and tax at source on brokerage commissions would dent the growth of the share market."These proposals will seriously affect the market...

Falling investment trend 'challenging' for economy

2010-06-13 00:00:00

FHM Humayan KabirThe country's falling investment share to the gross domestic product (GDP) poses new challenge to economy to achieve double digit growth by 2017, economists said Saturday.The overall investment share of GDP has dropped to 24.35 per cent in...

Argentina win over Nigeria

2010-06-13 00:00:00

JOHANNESBURG, June 12 (AFP): Lionel Messi conjured a spellbinding opening to the World Cup highlighting Argentina's 1-0 win over Nigeria in their Group B match at Ellis Park Stadium on Saturday.The world's best player was in irresistible form as the...

Transshipment, transit fees for using sea and land ports fixed

2010-06-13 00:00:00

FE ReportThe government has issued a statutory regulatory order (SRO) last Thursday slapping transshipment/transit fees and issuing rules for using the sea and land ports of the country.The Finance Bill, 2010 placed by the finance minister proposed insertion of section129A...

Realtors slam tax hike on apartments

2010-06-13 00:00:00

FE ReportRealtors Saturday slammed the government's budget proposal that saw up to eight-fold hike in taxes on apartments in Dhaka and Chittagong.Finance Minister AMA Muhith said the government took the decision as incomes earned by the realtors is "considerably high",...

Budget sees new shift in economy, says Unnayan Shamunnay

2010-06-13 00:00:00

FE ReportThe budget for the upcoming fiscal year may not contain any fresh feature but it steers the country towards a more egalitarian welfare state, private think tank Unnayan Shamunnay said Saturday.Finance Minister AMA Muhith unveiled a 1.32 trillion taka...

Economy needs radical policy options, says Unnayan Onneshan

2010-06-13 00:00:00

FE ReportThe proposed budget for the 2010-2011 fiscal year lacks radical schemes and options needed to lift the country's economy to a high growth trajectory, a local think tank said Saturday."The government has to recover from the current economic slowdown...

Deep convection over north Bay

2010-06-13 00:00:00

Squally weather may affect the maritime ports and coastal areas of the country, as a deep convection is taking place over the north Bay. Maritime ports of Chittagong, Cox's Bazar and Mongla have been advised to hoist local cautionary signal...

Mobile court seals 8 polythene plants

2010-06-13 00:00:00

Eight polythene factories in Old Dhaka were sealed off Saturday. A mobile court, led by magistrate Anwar Pasha, conducted the drive against illegal production of polythene at Lalbagh. Pasha said: "The drive was launched in the morning with the help...

Beyond the rhetoric

2010-06-13 00:00:00

Mahmudur RahmanBuzzwords and such that emerge and float around every now and then are often plucked out of the air by well-meaning policy makers. 'Good governance' happens to be one of them; the 'tax payer's money' is another one. When...

Budget proposes hike in VAT, ATV rates

2010-06-13 00:00:00

FE ReportThe government has proposed to increase the Value Added Tax (VAT) on both retail and wholesale level sales to 3.0 per cent from the existing 1.5 per cent in its new budget.The budget for the fiscal year of 2010-2011...

Most youths are happy, but half of them want to go abroad

2010-06-13 00:00:00

FE ReportEighty eight per cent of young people in Bangladesh are either happy or very happy while 42 per cent young people want to go abroad, said a survey report conducted by the British Council.On the findings of the study,...

Ceiling on deduction of tax set to go

2010-06-13 00:00:00

FE ReportThe existing ceiling on deduction of tax at source on interest gains from national savings certificates and post-office savings bank is set to go.The Finance Bill 2010, which was placed Thursday before Parliament by Finance Minister AMA Muhith, proposed...

ECB extends cash lifeline to banks

2010-06-13 00:00:00

From Fazle Rashid NEW YORK, June 12: The European Central Bank (ECB) has extended its cash lifeline to banks in Europe suffering from liquidity crunch with its President Jean-Claude Trichet pleading with euro zone national regulators to take steps to...

Budget promises change but not enough

2010-06-12 00:00:00

As the first full-year budget of Government that was swept into power on a promise of change, this annual programme of spending and revenue mobilization had raised hopes of a turning point. At the end, it delivered on several aspects,...

If not reversed mal-developments will lead to the death of Dhaka

2010-06-12 00:00:00

Nerun YakubThe horrifying circumstances under which the lives of so many children, women and men have been snuffed out by the Nimtali hell-fire on 3 June 2010, once again exposes the state's fatal flaws: that it has, for far too...

Achieving comprehensive food security

2010-06-12 00:00:00

Abul FaizFOOD security will have to mean self-sufficiency or near self-sufficiency in the future in other foodstuffs apart from grains. For example, cooking oil is an indispensable food item and mustard oil was produced sufficiently to meet the requirements of...

Of post-facto and poor management practices

2010-06-12 00:00:00

Shamsher ChowdhuryIF only our rulers were a little more disciplined, less complacent and had a proper vision, the country would have been better off today. They spend considerable time aligning and realigning their axis of power. The moment they are...

Combating religious hate crimes in UK

2010-06-12 00:00:00

M. A. Muid Khan Despite having the British government's pledge and policy against the Religious hate crime and the best efforts of political and community leaders to foster tolerance and understanding, the recent threat form far right English Defence Group,...

Implications of Western foreign policy trends for Bangladesh

2010-06-12 00:00:00

Rumman Ahmed The future trend of British diplomacy is going to undergo profound changes due to Britain not being able to financially afford to "pull punches above its weight" for much longer. It is quite likely that Britain may undertake...

Prices of most commodities more or less unchanged

2010-06-12 00:00:00

FE ReportThe ensuing fiscal year's budget unveiled Thursday is yet to make any impact on the city's kitchen market as the prices of most of the commodities remained more or less unchanged.Although the price of some commodities such as rice...

Govt okays manpower export to Congo

2010-06-12 00:00:00

Mashiur RahamanThe government has approved export of manpower to Democratic Republic of Congo in a desperate attempt to search for alternative job market.Following a high-level official visit to the African country last month, the government has permitted a recruiting agency...

IME Remittance Service launched

2010-06-12 00:00:00

Agrani Bank Limited (ABL) and IME (M) Sdn Bhd, a Malaysia-based remittance service provider, have jointly launched an IME Remittance Service through Agrani Bank at its head office in the city recently, said a press release.Agrani Bank Chairman Dr Khondoker...

Muhith proposes to hike VAT collection from domestic sources

2010-06-12 00:00:00

FE ReportThe Finance Minister AMA Muhith Thursday proposed to augment VAT collection from domestic sources by withdrawing truncated base value from some services. Dockyard, advertising agency, printing press, courier service, consultancy and supervisory firm, audit and accounting firm, architect and...

Existing 4-tier duty to remain unchanged

2010-06-12 00:00:00

FE ReportThe finance minister has proposed to keep the existing four-tier duty unchanged aiming to facilitate trade, supplying goods to consumers at a fair price and to promote domestic industries.Current duty structure is 3.0 per cent for capital machinery, 5.0...

Govt to establish 30 tech training centres, 5 marine tech institutes

2010-06-12 00:00:00

FE ReportThe government is going to establish 30 new technical training centres and five new marine technology institutes in 35 districts, aiming to generate skilled workers for overseas employment, the finance Minister Thursday said."A new project has been taken up...

Commercial Bank of Ceylon

2010-06-12 00:00:00

The central bank of Bangladesh continued its intervention in the foreign exchange market, purchasing U.S. dollar from banks directly to keep the rate of local currency stable against the greenback to facilitate the inflow of remittances and export earnings. In...