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UK, Ireland set new flying zone to cut ash disruption

2010-05-19 00:00:00

LONDON, May 18 (Reuters): Britain's air traffic control body said Monday it had agreed the creation of a new flying zone with Irish officials and aircraft manufacturers to limit the disruption caused by ash emitted by an Icelandic volcano.The new...

Rescuers step up search for crashed Afghan plane

2010-05-19 00:00:00

SALANG, Afghanistan, May 18 (AFP): Rescuers Tuesday stepped up the search for a plane carrying 43 people, including three Britons and an American, which crashed in the mountains of northern Afghanistan, an official said.Over 24 hours after the plane lost...

news digest

2010-05-19 00:00:00

Rights groups sue ArizonaRights groups had already announced plans to file a legal challenge to the law, which makes it a state crime to lack proper immigration papers and requires police to determine whether people were in the country legally....

Govt wins int'l arbitration suit filed by Chevron

2010-05-19 00:00:00

M Azizur RahmanThe government has won an international arbitration suit, having a cumulative worth of at least US$ 500 million, by the US Chevron over the long-pending payment dispute for carrying gas to national gas grid, top officials said Tuesday.The...

Inflation containment needs innovative measures

2010-05-19 00:00:00

Shamsul Huq Zahid Life has become rather difficult for the people because of the soaring mercury level of the ongoing summer days and the heat radiated from the markets selling essentials. The inflation data available now are almost three months'...

Korea to raise EDCF loan, expand duty-free access

2010-05-19 00:00:00

SEOUL, May 18 (Agencies): Bangladesh and South Korea on Tuesday agreed to intensify cooperation in trade, investment, transfer of technology, energy and infrastructure development for mutual benefit.This was announced in a joint communiqué issued at the end of Prime Minister...

Four deals signed

2010-05-19 00:00:00

SEOUL, May 18 (UNB): Bangladesh and South Korea signed four deals including on Economic Development Fund Loan and Energy Cooperation between the two countries.Agreement on the Economic Development Fund loan and a MoU on the energy cooperation were signed Tuesday...

Record-breaking rally of DSE continues

2010-05-19 00:00:00

FE ReportDhaka stocks continued to see record-breaking rally for the third straight session in the fluctuating market Tuesday, riding on banking stocks.The benchmark DSE General Index (DGEN) rose 37.40 points or 0.64 per cent to close at 5876.55, recording a...

Projects galore to beef up capacities of two seaports

2010-05-19 00:00:00

Nazmul AhsanThe government has taken up a number of projects to upgrade the infrastructure and other relevant facilities of Chittagong and Mongla seaports at a cost of about $700 million to cope with the future increase in their workloads. The...

SEC to introduce rules on preference shares

2010-05-19 00:00:00

Kayes M SohelThe securities regulator plans to introduce rules on preference shares, in a move to bring transparency to launching of the new product by the listed companies.The move came amid widespread allegations that a handful of listed companies raised...

Gold price hits record high

2010-05-19 00:00:00

FE ReportThe gold price has hit a record high, over Tk 36,000 per bhori, leaving the local market in the cold as the customers shy away from buying this precious metal due to the sprice spike.The 22-karat gold price has...

SEC allows two banks to change face value

2010-05-19 00:00:00

The Securities and Exchange Commission (SEC) has allowed Social Islami Bank and Exim Bank to change the face value of their shares from Tk.100 to Tk.10. The market lot of Social Islami Bank and Exim Bank will be set from...

Court summons Dr Yunus, 13 others

2010-05-19 00:00:00

GAZIPUR, May 18 (UNB): Nobel Laureate Prof Dr Muhammad Yunus and another 13 people have been summoned by a Gazipur court in a case for alleged grabbing of 15.60 acres of land in Kashimpur union of Sadar Upazila of the...

A stitch in time

2010-05-19 00:00:00

Mahmudur RahmanWho would have ever conceived that it would be Germany that would have to dig deep in to its coffers to come up with a sizeable chunk of not small change to prevent Europe from disintegrating? But that is...

Raised CRR pushes up call rate to double digit

2010-05-19 00:00:00

FE Report Call money rate rose to double digit Tuesday mainly due to increased demand for fresh funds in the inter-bank money market, treasury officials said. "The demand for fresh funds was slightly higher on the day following raising of...

B'desh set to become dynamic economy in five to 10 years

2010-05-19 00:00:00

FE ReportBangladesh is set to become a dynamic economy in the next five to ten years, thanks to "amazing" economic transformation in the country, the new resident representative of International Monetary Fund (IMF) Eteri Kvintradze said Tuesday.But she said the...

3 pvt firms set to install 317mw furnace oil-based power plants

2010-05-19 00:00:00

FHM Humayan KabirThree private companies are set to grab work for setting up total 317-megawatt furnace oil-based 'expensive' power plants as the government has to pay nearly eight taka for a unit of electricity, officials said Monday.Power division officials said...

Uncertainty looms large over European banks

2010-05-19 00:00:00

From Fazle RashidNEW YORK, May 17: The $1.0 trillion bailout announced by Europe primarily to help Greece and other ailing eurozone economies momentarily calmed fear and nervousness but uncertainty is looming large once again over worries that " the continents'...

Hasina, Lee vow to strengthen economic, trade ties

2010-05-19 00:00:00

SEOUL, May 18 (UNB): Bangladesh Prime Minister Sheikh Hasina and South Korean President Lee Myung-bak Tuesday vowed to strengthen bilateral economic and trade cooperation for mutual benefit.The determination was expressed in the opening remarks by the two leaders who held...

BNP to ‘spell out tough programmes’ if Paltan grand rally obstructed

2010-05-19 00:00:00

BNP will be compelled to spell out tough programmes against the government if today's (Wednesday) Dhaka divisional Grand Rally at Paltan Maidan is obstructed, the party standing committee member Nazrul Islam Khan said Tuesday, reports UNB.Talking to the news agency...

RAB, police to ensure security for BNP rally

2010-05-19 00:00:00

FE ReportThe government has beefed up security around Paltan Maidan in the capital to ensure security during BNP's grand rally to be observed on May 19, officials said Tuesday.The move comes after repeated allegations of the country's main opposition that...

Chairperson misguided by Khosru: Shahadat

2010-05-19 00:00:00

Our CorrespondentChittagong, May 18: Chittagong city BNP leader and nomination aspirant for the mayor's post in the CCC election Dr Shahadat Hossain today claimed that Begum Khaleda Zia has been misguided in picking Manjur Alam for the post.General Secretary of...

HC quashes Hasina’s case

2010-05-19 00:00:00

The High Court on Tuesday quashed the frigate purchase scam case filed during the past BNP-Jamaat alliance government against Prime Minister Sheikh Hasina, reports UNB.An HC division bench comprising Justice M Shamsul Huda and Justice Abu Bakar Siddiquee delivered the...

BCL draws up hit list against five JU journalists

2010-05-19 00:00:00

JAHANGIRNAGAR UNIVERSITY, May 18 (UNB): Five working journalists of the Jahangirnagar University (JU) campus have been enlisted in a hit list drawn up by Bangladesh Chhatra League (BCL) JU unit, as targets to be beaten up and infringed upon.The journalists...

JCD leader killed in Chandpur

2010-05-19 00:00:00

CHANDPUR, May 18 (UNB): A Jatiyatabadi Chhatra Dal (JCD)leader was killed by some miscreants at Koladi Professor Para in Matlab South Upazila headquarters early Monday. The deceased was identified as Golam Mowla Bipul (30), a leader of JCD Upazila unit...

Body formed to probe assault of JU journalist

2010-05-19 00:00:00

JAHANGIRNAGAR UNIVERSITY, May 18 (UNB): A three-member committee headed by Prof Farhad Hossain, pro vice-Chancellor of Jahangirnagar University, has been formed to investigate the assault of journalists on the JU campus.The other members of the committee are Manjurul Haque of...

Motia for diversifying agriculture; using natural advantages for saving energy

2010-05-19 00:00:00

Agriculture Minister Begum Motia Chowdhury Tuesday said that country's agriculture should be diversified by encouraging farmers to harvest high-value crops including wheat, maize side by side with paddy for their benefit, reports BSS.She said that utilisation of natural advantages for...

Discussion on writings of Jafar Alam held

2010-05-19 00:00:00

'Ghasful', a mass?media organisation, arranged a discussion on the completion of four decades of writings of Jafar Alam, a renowned translator, at the city's Central Public Library recently, said a press release.Presided over by Poet Asad Chowdhury, the meeting was...

President, PM urged all to come forward to prevent Hepatitis virus

2010-05-19 00:00:00

World Hepatitis Day will be observed across the country as across the world today (Wednesday), aiming to raise global awareness of hepatitis B and hepatitis C and encourage prevention, diagnosis and treatment, reports UNB.President M Zillur Rahman and Prime Minister...

Public varsities asked to ensure safe educational atmosphere

2010-05-19 00:00:00

President M Zillur Rahman Tuesday asked the Vice Chancellors of public universities to take immediate and appropriate measures against the immoral deeds of teachers to ensure safe and high-status educational atmosphere at the respective campuses, reports UNB."Nowadays, the question is...