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Sustainability of GDP growth matters most

2010-04-29 00:00:00

Shahiduzzaman KhanThe row over the country's growth rate continues with the Asian Development Bank (ADB) and the International Monetary Fund (IMF) projecting the current fiscal year's Gross Domestic Product (GDP) growth downward again. But Finance Minister AMA Muhith has refused...

Hike in RMG workers' wages before Ramadan

2010-04-29 00:00:00

FE Report The government Wednesday urged the garment workers to refrain from violence, saying that their wages will be increased within the next three months.The announcement came following two recent violent unrests at Mirpur and Narayanganj that jolted the country's...

Hasina proposes Himalayan Council, IARC, regional grid

2010-04-29 00:00:00

Prime Minister Sheikh Hasina Wednesday presented two innovative proposals - setting up Himalayan Council on the model of the Artic Council to help the climate-victim nations in South Asia and an International Adaptation and Research Centre (IARC) in Bangladesh to...

Two Mongla jetties to be taken over by pvt management

2010-04-29 00:00:00

The Cabinet Committee on Economic Affairs on Wednesday approved a project to hand over two incomplete jetties of Mongla Port Authority to private management for long-term development under the Build-Operate-Transfer (BOT), reports UNB.The approval was given in the 7th meeting...

Dhaka stocks close higher amid choppy trading

2010-04-29 00:00:00

FE ReportDhaka stocks closed marginally higher amid choppy trading Wednesday as profit taking on some heavyweights capped early gains. Steepest rise in banking and leasing issues put the market on the positive terrain despite telecommunications, fuel and power, and pharmaceuticals...

Book evidence and forex laws likely to be amended soon

2010-04-29 00:00:00

Nazmul AhsanThe government is likely to amend the Bankers' Book Evidence Act, 1891 and the Foreign Exchange Regulation Act, 1947 soon to make them time-relevant, official sources said.The Ministry of Finance (MoF) has undertaken the move last week as both...

BNP march towards EC May 3

2010-04-29 00:00:00

BNP will march towards the Election Commission (EC) on May 3 demanding cancellation of the Bhola-3 by-election, bdnews24.com reports. The main opposition also demands resignation of the election commissioners. The party's standing committee member, Nazrul Islam Khan, announced the programme...

SAARC Dev Fund becomes operational

2010-04-29 00:00:00

The Permanent Secretariat of SAARC Development Fund (SDF) with initial capital of US$ 300 million was inaugurated by the South Asian leaders in Thimphu, Bhutan Wednesday. The SDF will serve as an umbrella financial institution for all SAARC projects and...

US to double climate fund for BD

2010-04-29 00:00:00

The US is going to more than double its financial aid in the coming financial year to help Bangladesh address challenges of climate change. United States Climate Envoy Ambassador Todd Stern made the disclosure when he met Speaker Abdul Hamid...

SEC moves to raise lock-in period over abuse

2010-04-29 00:00:00

Mohammad MufazzalThe securities regulator is going to increase the lock-in period for shares, which are issued under pre-IPO placement, in a move to stop abuse of the system and increase the supply of shares in the capital market, officials said.The...

Agri research fund remains unutilised

2010-04-29 00:00:00

FE ReportThe fund allocated by the interim government for the purpose of agricultural research couple of years back remained idle mainly due to lack of policy support, official sources said."The entire amount of the fund still remained unutilised mainly because...

Opening of Padma Bridge to usher in development of southern region

2010-04-29 00:00:00

FE ReportThe country's southern region will experience rapid development after the opening of the proposed Padma Bridge, which will help remove the existing regional inequalities by stimulating growth, Food Minister, Muhammad Abdur Razzaque said."The government is committed to having the...

SMEF to take move to explore int'l market

2010-04-29 00:00:00

FE ReportSmall and Medium Enterprises Foundation (SMEF) will take required move to explore international market for locally produced light engineering products due to global demand, a press release said."We have already taken initiatives to export our light engineering products by...

Another downturn may hit US economy

2010-04-29 00:00:00

From Fazle RashidNEW YORK, April 28: United States, the world's largest and strongest economy, may face another crippling economic downturn unless it takes immediate steps to rein in its structural fiscal deficit. Greece's rescue package of euro 45 billion, many...

Demand for workers in Abu Dhabi on rise

2010-04-29 00:00:00

Mashiur RahamanDemand for semi-skilled and skilled workers, particularly in the electro-mechanical sector is increasing rapidly in the UAE member state Abu Dhabi, thanks to the restoration of recession hit gulf economy."Responding to gradual recovery from the latest economic recession, the...

South Asia overtakes Middle East as top terror region in world

2010-04-29 00:00:00

WASHINGTON, Apr 28(AP): An increase in terrorist attacks in Pakistan and Afghanistan triggered a spike in the number of civilians killed or wounded there last year, pushing South Asia past the Middle East as the top terror region in the...

Malaysian business team meets Communication Minister

2010-04-28 00:00:00

Malaysian business team expressed their keen interest to invest in different sectors like infrastructural sector as such they have come to Bangladesh to explore the scope of their investment.The expression was disclosed when visiting eight members of Malaysian business team...

Khaleque, Monir re-elected chairman vice chairman of Fareast Finance

2010-04-28 00:00:00

MA Khaleque has been reelected chairman of Fareast Finance and Investment Limited in its 105th meeting of the board of directors.After completion of Masters from Dhaka University, MA Khaleque started his business career in the year 1975 as the managing...

Thrust on nat'l IP policy to facilitate innovation

2010-04-28 00:00:00

FE ReportThe 10th World Intellectual Property Day was observed in the country Monday, with a call to formulate a national intellectual property (IP) policy to establish a common framework for protecting the country's intellectual properties. The policy will help promote...

Rahimafrooz selects 10 lucky consumers

2010-04-28 00:00:00

FE ReportRahimafrooz Group selected 10 lucky consumers in the city Tuesday. Of them, one will watch the inaugural ceremony and opening match of the FIFA World Cup-2010 in South Africa next June.Rahimafrooz, the exclusive franchisee of the full-range of lubricant...

Abahani maintain winning spree

2010-04-28 00:00:00

Holders Abahani Limited continued their winning run in the Citycell Bangladesh League with an emphatic 5-1 victory over Rahmatganj MFS in the day's lone match at the Bangabandhu National Stadium (BNS) in the city Tuesday, reports UNB. With this win,...

Europa Youth win over Rangers Club

2010-04-28 00:00:00

Europa Youth Club maintained their winning run in the Premier Bank Metropolis First Division Basketball League outplaying Rangers Club by 77-42 points at the Dhanmondi Basketball Gymnasium Tuesday, reports UNB. The winners led the first half 43-23.Herman caged 25 and...

Dhaka, Nilphamari DSAs advance

2010-04-28 00:00:00

Dhaka and Nilphamari DSAs won their matches in the 30th Inter-District Cricket Championship beating their respective rivals at separate venues across the country, reports UNB.In the day's matches, Dhaka DSA (175/10) beat Narayanganj DSA (169/10) by six runs at Mymensingh...

Please reduce hype over our marriage, says Shoaib

2010-04-28 00:00:00

KARACHI, Apr 27 (PTI): Annoyed by the hype over his marriage to Indian tennis star Sania Mirza, Pakistani cricketer Shoaib Malik has appealed to the media to practice some restrain. Malik said due to the continuous attention, he and Sania...

PM for adoption of 'charter of democracy'

2010-04-28 00:00:00

THIMPHU (Bhutan), Apr 27 (UNB): Prime Minister Sheikh Hasina Tuesday said this was the golden chance for all SAARC member countries to establish democracy on a strong base, as democracy was prevailing in all SAARC member countries at present.She said...

HC stays ACC notice on former energy adviser

2010-04-28 00:00:00

The High Court Tuesday stayed an order asking former energy adviser Mahmudur Rahman to provide information of his wealth, reports bdnews24.com. The bench of Justice Nozrul Islam Chowdhury and Justice Jahangir Hossain stayed a notice of the Anti-corruption Commission (ACC)...

Khaleda to address grand rally in Barisal city on May 12

2010-04-28 00:00:00

BNP chairperson Khaleda Zia as part of her ongoing divisional headquarters organisational tour will address a grand rally at Barisal city on May 12 to mobilise support against the government's 'failures and misdeeds', reports UNB.A meeting of the preparatory committee...

SCBA looking to meet President

2010-04-28 00:00:00

The Supreme Court Bar Association (SCBA) has taken a move to meet President M Zillur Rahman at Bangabhaban to press home its demands, including the repeal of the appointment of two controversial lawyers as additional judges of the High Court,...

Charge framing against 44 Battalion soldiers on Nov 1

2010-04-28 00:00:00

A special BDR court in Dhaka set November 1 to frame charges against soldiers of 44 Rifles Battalion accused of mutiny, reports bdnews24.com. Outgoing Bangladesh Rifles director general Maj Gen Mainul Islam, who heads the panel of judges, adjourned the...

Section 144 in Sharishabari

2010-04-28 00:00:00

JAMALPUR, Apr 27 (UNB): A BNP-backed organisation failed to hold its scheduled meeting at Ghoramara Bazar in Sharishabari Upazila Tuesday due to imposition of Section 144 by local administration.Barrister Abdus Salam Talukder Smrity Sangsad, a BNP-backed organisation, on April 20...