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'Participatory' monetary policy for inclusive growth on the cards

2010-05-01 00:00:00

Siddique Islam Bangladesh Bank (BB) is working on formulating a more comprehensive and participatory monetary policy for the first half of next fiscal to achieve higher economic growth, the central bank governor said. "We're trying to establish a participatory and...

May Day today

2010-05-01 00:00:00

The historic May Day will be observed today (Saturday) in Bangladesh as in other countries across the world in solidarity with labour movement for establishing socioeconomic rights of the working-class people, reports UNB. May Day, also known as International Workers'...

RMG workers' protest over pay hike continues

2010-05-01 00:00:00

Jubair Hasan Violent protest over pay hike by garment workers entered into its fifth day Friday when hundreds of workers blockaded roads in the city and vandalised factories.The agitating workers demanding minimum monthly basic salary of Tk 5,000 and other...

Oil price rises further to $ 87

2010-05-01 00:00:00

LONDON, April 30 (AFP): Oil prices rose further on Friday but gains were capped by weaker-than-expected growth data in the United States, the world's biggest energy consuming nation, traders said.Brent North Sea crude for June delivery climbed 13 cents to...

Commercial operation of DCH by mid-May likely

2010-05-01 00:00:00

Doulot Akter Mala Commercial operation of Dhaka Customs House (DCH) is expected to start by first half of May as both the stakeholders - the chamber body and the customs agents association - have come to a consensus over operational...

PM returns home

2010-05-01 00:00:00

Prime Minister Sheikh Hasina arrived in the city Friday afternoon after attending the 16th SAARC Summit held April 28-29 in Thimpu, the capital of Himalayan kingdom of Bhutan, reports UNB.A flight of Bhutan's Druk Airlines carrying the Prime Minister and...

Maldives president makes stopover in city

2010-05-01 00:00:00

President of the Maldives Mohammed Nasheed, who stayed nearly one hour at Hazrat Shahjalal Airport here on Friday afternoon on his way to Shanghai, China, termed Bangladesh Prime Minister Sheikh Hasina as a "maternal figure" for them. Nasheed made the...

T20 World Cup cricket kicks off

2010-05-01 00:00:00

The third ICC T20 World Cup Cricket kicked off in West Indies Friday. This year the World Cup features 12 teams, namely Australia, Afghanistan, Bangladesh, England, India, Ireland, New Zealand, Pakistan, South Africa, Srilanka, West Indies and Zimbabwe, divided into...

What goes around, comes around

2010-05-01 00:00:00

Mahmudur RahmanThere were some who questioned the Indian stance in standing up to the west on what now appears to have been a fairly unfair attempt to grind out a decision on climate change. Brushing aside the criticism, India quietly...

Activities of Mongla port gather pace

2010-05-01 00:00:00

BAGERHAT, Apr 30 (UNB): Mongla port, the second seaport of the country, which incurred losses since long, has taken some steps to make it efficient and vibrant, port sources and officials said.The port incurred Tk 503.30 million losses in the...

Sino-Indian trade relations souring

2010-05-01 00:00:00

From Fazle RashidNEW YORK, April 30: Sino-Indian trade ties are becoming sour. In a recent display of hostility India has slapped a ban on the import of telecommunication equipment from Chinese vendors.The Indian government turned down request by the mobile...

Banks keep Dhaka stocks afloat

2010-05-01 00:00:00

FE ReportDhaka stocks moved up slightly in volatile trading in the past week that ended Thursday.The benchmark Dhaka Stock Exchange (DSE) General Index (DGEN) gained 39.59 points or 0.70 per cent to close at 5654.88, lifted mainly by banking stocks....

Bangladesh-Nepal commerce secy-level meet postponed

2010-05-01 00:00:00

FE ReportThe two-day meeting between commerce secretaries of Bangladesh and Nepal, scheduled to start Friday last in Dhaka, was postponed at the last moment as the Himalayan country expressed its unwillingness at the to attend the meeting, sources said."The Nepalese...

Hasina-Manmohan talks worry BNP

2010-05-01 00:00:00

The opposition BNP voiced apprehension over the possible outcome of the bilateral meeting between Prime Minister Sheikh Hasina and Indian Prime Minister Dr Manmohan Singh on the sidelines of the just-concluded 16th SAARC Summit in Thimpu, reports UNB.Talking to reporters...

GMG takes delivery of Boeing aircraft

2010-05-01 00:00:00

FE ReportThe country's leading private air-carrier, GMG Airlines, is going to launch its newly leased 350-seater Boeing 767-300ER aircraft today (Saturday) unveiling the company's new logo and livery, the company official told the FE.The GMG Airlines has taken delivery of...

‘Jhut’ trader shot dead in city

2010-05-01 00:00:00

FE ReportUnknown gunmen killed one person near the Gastro-Liver Hospital at Kalabagan in the city Friday, police said.The victim was identified as Rokon Uddin (45), who traded in 'jhut' or cloths discarded by garment factories and also was a local...

Muhith leaves for Uzbekistan

2010-05-01 00:00:00

Finance Minister AMA Muhith left for Uzbekistan Friday morning to attend a high profile meeting of the Asian Development Bank (ADB), reports UNB.The 43rd Board of Governors' Annual Meeting of the ADB will be held on May 1-4 in Tashkent....

'Vaccine' provides hope for prostate cancer patients

2010-05-01 00:00:00

FE Report American drug watchdog Food and Drug Administration (FDA) approved Thursday a cancer vaccine, a drug that trains the body's own immune system to fight the disease. FDA okayed the new drug, Provenge, for advanced prostate cancer after clinical...

Shanghai ready to welcome world to Expo

2010-05-01 00:00:00

SHANGHAI, April 30 (AFP): Shanghai is set to open the World Expo today by setting the skies along its riverfront ablaze with fireworks, welcoming the huge showcase of culture and technology with a bang. Still basking in the glow of...

For an effective Anti-Corruption Commission

2010-04-30 00:00:00

The amendments to the Anti-Corruption Commission (ACC) Act adopted in principle by the Cabinet on Monday are nothing set on stone. The amendments are in proposal form and hopefully reactions and comments from enlightened sections of people would sensitise the...

Production of coal-based electricity and industrial development

2010-04-30 00:00:00

Abul Quasem HaiderIn Bangladesh, the scarcity of electricity has turned worse with the demand rising every day. We have been facing shortfall in electricity generation over the years. Currently, annual demand for electricity is 6,000 megawatt. But the production is...

Public universities are strapped for funds

2010-04-30 00:00:00

A K M Nurul Huda The academic environment remains plagued by politics of students and teachers. Other major problems include the limited number of public universities which can accommodate only partly the number of higher education seekers. The limited number...

Four-lane Dhaka-Chittagong highway plus extra benefits

2010-04-30 00:00:00

A project like the 4-lane Dhaka-Chittagong highway can bring various advantages if the implementors of the project work dedicatedly. Good news as per available information's from daily papers that the construction work of highway with 4- lane between capital city,...

Private hospitals without emergency services!

2010-04-30 00:00:00

Number of hospitals and clinics are rapidly growing in the cities and upazila towns nowadays. Those hospitals are providing services to the patients with many simple and complex diseases everyday. However, for the emergencies, still the people have to rush...

Watch out for smart thugs

2010-04-30 00:00:00

Maswood Alam KhanIN Bangladesh, November is a month of sorrow and April a month of joy for all the businessmen and professionals associated with medicine and health. If you happen to be closely acquainted with a medical representative who moves...

Belgium language dispute gives rise to political crisis

2010-04-30 00:00:00

Md. Masum BillahBelgium is passing a phase of crisis. It is a dispute over the language rights of Francophone people who live in a clutch of Dutch speaking suburbs just outside the city limits of Brussels. The dispute is obscure...

Spanish debt downgrade weighs on euro, Asian stocks

2010-04-30 00:00:00

HONG KONG, Apr 29 (Agencies): Asian markets suffered from the eurozone debt crisis Thursday after Spain's credit rating was downgraded, while the euro remained stuck near one-year lows. The International Monetary Fund said confidence in the entire 16-nation euro area...

Bond yields ease on hopes of good demand

2010-04-30 00:00:00

MUMBAI, Apr 29 (Reuters): Federal bond yields eased Thursday on expectations of a good demand for bonds at Friday's 120 billion rupees bond sale. Traders said they expected the coupon on the new 10-year bond to be set at around...

China shares fall 1.1pc to 7-month closing low

2010-04-30 00:00:00

SHANGHAI, Apr 29 (Reuters): China's key stock index fell 1.1 per cent Thursday to a seven-month closing low, hit by late selling of small-cap shares although Merchants Bank and other lenders outperformed after positive earnings reports. The Shanghai Composite Index...

IFIL reelects chairman, vice chairmen

2010-04-30 00:00:00

Mr Anis Salahuddin Ahmad and Mr Mostanser Billa and Mr Liaquat Hossain Moghul have been reelected chairman and vice chairmen respectively of the Islamic Finance and Investment Limited (IFIL).They were reelected at the 106th meeting of the board of the...