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HC grants bail to graft-convict Sheikh Helal

2010-05-14 00:00:00

The High Court (HC) Thursday granted interim bail to jailed Awami League MP Sheikh Helal Uddin and his wife Rupa Chowdhury in a graft case, reports UNB.Helal, also cousin of Prime Minister Sheikh Hasina, in addition secured interim bail in...

BNP demonstrates in protest against terrorist attack

2010-05-14 00:00:00

PABNA, May 13 (UNB): Opposition BNP activists Tuesday staged demonstration in the district town protesting against attack on their activists that left four injured Monday night.A gang of miscreants attacked Sadar Upazila BNP general secretary Rehanul Islam Dulal, No. 11...

SC upholds HC order on bail for Afroza Abbas

2010-05-14 00:00:00

The Appellate Division of the Supreme Court Thursday sustained the High Court (HC) order that had granted interim bail to jailed Afroza Abbas, wife of ex-housing and public works minister Mirza Abbas of BNP, in two tax-evasion cases.A six-member appellate...

Govt plans to hike power tariff to offset losses from high-cost plants

2010-05-14 00:00:00

FE ReportThe government plans to raise electricity tariff in the next few months as it seeks to pass the financial burden of quick-fixing the country's nagging power crisis on to the consumers. Prime Minister's energy advisor Dr. Taqfiq-e-Elahi Chowdhury said...

Indo-Bangla border bazaars start operations next month

2010-05-14 00:00:00

Nazmul AhsanBangladesh and India have agreed to set up weekly bazaars on their border next month after officials of the two nations finalised a draft deal designed to make the markets smuggling-free.Two bazaars will be set up in the first...

Navy deployed to help transport aviation fuel

2010-05-14 00:00:00

FE ReportForces and vessels of Bangladesh Navy have been deployed in Dhaka, Narayangonj, Chittagong and Khulna to help transportation of aviation fuel amid country-wide shipping strike.Bangladesh Navy ships, boats and personnel have undertaken a wide range of activities besides providing...

Profit-takers put brakes on DSE's record rally

2010-05-14 00:00:00

FE ReportDhaka stocks swung into the red Thursday as profit-taking snapped two-days of record breaking bull runs that saw the market gain nearly five per cent in one of the best performances by the bourse this year.A sell-off of the...

PM flies to Seoul, KL tomorrow

2010-05-14 00:00:00

Prime Minister Sheikh Hasina will leave the city tomorrow (Saturday noon) for a five-day visit to South Korea and Malaysia from May 16, reports UNB.On her way to Seoul, the Prime Minister and her entourage will make a stopover for...

WB to offer US$ 250m fund for PPP infrastructure dev

2010-05-14 00:00:00

FHM Humayan KabirThe World Bank is set to bankroll US$ 250 million to Bangladesh for facilitating investment in the infrastructure development under the newly introduced public-private partnership (PPP) scheme, officials said Thursday.The finance ministry officials said they had already got...

BB asks banks to freeze five accounts

2010-05-14 00:00:00

FE Report Bangladesh Bank (BB) has asked the commercial banks and financial institutions to freeze five accounts, which include two of a Malaysian multinational marketing company and three local individuals, for one month, officials said The central bank issued a...

Call money rate rises over new CRR rules execution

2010-05-14 00:00:00

FE Report Call money rate increased Thursday following implementation of the new cash reserve requirement (CRR) rules for the commercial banks, treasury officials said. The call rate ranged between 3.75 per cent and 6.15 per cent on the day against...

Garment workers blockade road for arrears wages

2010-05-14 00:00:00

FE ReportSeveral hundreds workers of a garment factory blockaded Mirpur-Farmgate road for an hour Thursday demanding arrear wages and other financial benefits, police said.Witnesses said nearly 800 workers of Arizuana garments in Mirpur-12 took to the streets in front of...

SEC, bourses, merchant banks meet on turnover

2010-05-14 00:00:00

The Securities and Exchange Commission (SEC) held a meeting Thursday with representatives of Dhaka Stock Exchange (DSE), Chittagong Stock Exchange (CSE) and merchant banks. The meeting discussed the sudden spurt in trading on the DSE with turnover hitting Tk20 billion...

SSC results tomorrow

2010-05-14 00:00:00

Results of the Secondary School Certificate (SSC) examination will be published tomorrow (Saturday). Examinees have been advised to collect results from their respective educational institutions, or from the website of the education board. The results will also be available on...

Suspected mugger lynched in city

2010-05-14 00:00:00

A suspected mugger was beaten to death by an angry mob in city's Darus Salam area Thursday morning. The deceased was identified as Anwar Hossain (28), son of Yakub Ali, of Harirampur in Manikganj district. — UNB

Normalcy returns to Sadarghat launch terminal: BIWTA

2010-05-14 00:00:00

FE ReportThe river transport authorities claimed that normalcy returned to Sadarghat Launch Terminal Thursday, as most of the passenger launches left for their destinations ignoring the workers' strike on its sixth day."Most of the launch staff reported for work in...

BNP warns of litigation against NBR

2010-05-14 00:00:00

The Opposition BNP has threatened to take legal steps against the National Board of Revenue (NBR) for leaking out confidential information relating to party chairperson Khaleda Zia's income tax matters in violation of income tax laws, and against the government...

India lifts ban Bangladesh to import 0.4m tonnes wheat

2010-05-14 00:00:00

NEW DELHI (bdnews24.com): India has partially lifted a ban on wheat export to facilitate its supply to Bangladesh. The Indian commerce ministry relaxed the three-year-old prohibition on overseas shipment of wheat to allow export of some 400,000 (0.4 million) tonnes...

Govt firm to arrest yarn price hike: Faruk

2010-05-14 00:00:00

Monira MunniCommerce minister Faruk Khan has said the government will take effective steps to reduce yarn prices as the textile raw material prices have sky-rocketed affecting its end-users."We will solve the problem through discussion and the government will extend all...

Eight US banks come under fresh scrutiny

2010-05-14 00:00:00

From Fazle Rashid NEW YORK, May 13: New York state attorney general Andrew Cuomo has initiated a separate investigation, one different from the federal enquiry of eight banks, to determine whether these banks provided misleading information to rating agencies in...

Death toll rises to 10 in K'ganj trawler capsize

2010-05-14 00:00:00

Death toll rose to 10 in Wednesday's trawler capsize in the river Meghna in Kishoreganj with recovery of nine bodies from its hull when the engine propelled boat was salvaged Thursday, reports UNB.Bodies of Ambia (36), Anwara (35), Tanjina (10),...

Burial ground for vehicles set up to dump clunkers

2010-05-14 00:00:00

Munima SultanaThe government has set up the country's first "burial ground" for old vehicles as it plans to launch a fresh crackdown on 20-year-old buses and trucks later this month.A three-acre land has been penned in at Katchpur outside the...

Technical fault disrupts Biman schedules

2010-05-14 00:00:00

FE ReportTechnical fault of the state-run Biman's aircraft have disrupted the national airline's flight schedule on Thursday. The day ended with cancellation of all its domestic flights as well as a couple of international schedule flights, leaving hundreds of passengers...

China defends Africa investment as S.Africa deal reported

2010-05-14 00:00:00

BEIJING, May 13 (AFP): A top Chinese commerce official has defended Beijing's investment policies in Africa amid reports of another giant deal, for a cement plant in South Africa, reports said today. "China's presence in Africa is becoming more and...

Malaysia's Petronas signs major oil deal with Venezuela

2010-05-14 00:00:00

KUALA LUMPUR, May 13 (AFP): Malaysia's national oil firm Petronas said today it has signed its first deal with Venezuela to develop oil projects in the country. Petronas signed a joint venture agreement with Petroleos De Venezuela S.A. for the...

Reclusive Bhutan sees economic growth halve: World Bank

2010-05-14 00:00:00

NEW DELHI, May 13 (AFP): Economic growth in Bhutan, a country that famously measures its wellbeing by Gross National Happiness, slowed sharply last year to six per cent as tourist numbers fell, the World Bank says. It said the insular...

Malaysia raises key rate for second time this year

2010-05-14 00:00:00

KUALA LUMPUR, May 13 (AFP): Malaysia's central bank raised its key interest rate today for the second time this year after the economy recorded 10.1 per cent year-on-year growth in the first quarter. Bank Negara raised the overnight policy rate...

Euro holds firm amid investor caution

2010-05-14 00:00:00

TOKYO, May 13 (AFP): The euro edged up against other currencies in Asia today as sentiment was lifted by signs eurozone nations were taking steps to reduce their debts, dealers said. The single currency was changing hands at 1.2657 dollars...

Aquino faces tough economics test

2010-05-14 00:00:00

MANILA, May 13 (AFP): President-elect Benigno Aquino has an economics degree but he will need a lot more than that to solve the problems that have turned workers into the Philippines' most famous export. Addressing the Filipino diaspora, Aquino made...

Enamul brace enables Abahani win 2-0 over New Road of Nepal

2010-05-13 00:00:00

A double strike by striker Enamul Haque guided Abahani Limited to a 2-0 win over New Road of Nepal in the AFC President’s Cup football that began Wednesday at the Bangabandhu National Stadium (BNS), reports UNB.Promising striker Enamul, the highest...