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CU campus situation normal: Asst proctor

2010-05-04 00:00:00

Our CorrespondentCHITTAGONG, May 3: Activists of Bangladesh Chhatra League today attacked and damaged six private mini buses which were taking students to the Chittagong University (CU) campus.CU assistant proctor Chandan Kumar Poddar said situation in the campus was normal. Classes...

BCB announce Test Squad for Tour of England

2010-05-04 00:00:00

Star pacer Mashrafe Bin Mortaza failed to impress the national selectors and they did not include his name as Bangladesh Cricket Board announced the squad for two away tests against England in the city Monday, reports BSS.However it was good...

Dazzling Jayawardene takes Sri Lanka to 173

2010-05-04 00:00:00

Batting was expected to be difficult on a slow and low pitch in Providence but the touch artist Mahela Jayawardene sparkled with a delightful ton, only the fourth batsman to hit a Twenty20 hundred, to charge Sri Lanka to 173,...

Abahani blanks Ctg MSC by 4-0

2010-05-04 00:00:00

A brilliant hattrick by striker Enamul Haque guided holders Abahani Limited to an easy 4-0 goal win over Chittagong Mohammedan SC in the lone match of the Citycell Bangladesh League on the Bangabandhu National Stadium in the city Monday, reports...

BHF announce Bangladesh squad for Asian qualifiers

2010-05-04 00:00:00

The Bangladesh Hockey Federation announced the 18-member squad for the Asian Games Hockey qualifiers starting in Dhaka on May 7, reports BSS. Rach Gerhard Peter, the German coach of the national hockey team, expressed his confidence of qualifying for the...

Goldman CEO acknowledges company 'role'in finance crisis

2010-05-04 00:00:00

WASHINGTON, May 3 (AFP): Goldman Sachs' CEO said in an interview broadcast yesterday that his company bears some blame for the real estate bubble that led to the global financial meltdown. Asked by CNN whether he felt that the company's...

Harsh property measures to benefit Chinese economy in long-term

2010-05-04 00:00:00

BEIJING, May 3 (Xinhua): China's booming property market suddenly cooled down in April - in home sales at least - after a range of government measures aimed at curb rocketing house prices. However, the long-anticipated cooling fueled concerns the measures...

Nooyi, 2 others in Forbes 500 top-paid CEOs list

2010-05-04 00:00:00

NEW YORK, May 3 (PTI): As many as three India-origin people including PepsiCo chief Indra Nooyi have been named among the highest paid CEOs of the 500 biggest American companies, according to a list compiled by the Forbes. With a...

Europe approves giant Greece bailout

2010-05-04 00:00:00

BRUSSELS, May 3 (AFP): European governments yesterday endorsed an unprecedented 110-billion-euro bailout to save Greece from bankruptcy and shore up the single currency after Athens agreed to draconian spending cuts. The first installment of the eurozone-IMF rescue package will be...

Final decision likely in a couple of days

2010-05-04 00:00:00

The government is going to take a final decision about the controversial investigation officer (IO) Abdul Matin, who deals with crimes against humanity, within a couple of days, reports UNB.A source told the news agency Monday that an official investigation...

Khaleda Zia's divisional HQs tour will end in Sylhet

2010-05-04 00:00:00

BNP chief Khaleda Zia's ongoing organisational tour of six divisional headquarters will conclude in Sylhet city, from where she might announce the next course of anti-government movement programmes, reports UNB. As part of the divisional cities tour to mobilise people...

10 hurt in attack by a faction of BCL men in Pabna

2010-05-04 00:00:00

Pabna, May 3 (UNB): At least 10 people were injured in an attack by a faction of Bangladesh Chhatra League (BCL) in the district town Sunday night.The agitated activists also damaged a number of shops and vehicles creating panic among...

Govt's public borrowing hits zenith in July-March

2010-05-04 00:00:00

FE ReportThe government's borrowing from savings instruments hit a record high in the first three quarters of the current fiscal as investors continued to pump funds into the state-run investment tools.Official figures showed the government borrowed a net amount of...

Move to introduce new VAT law suspended

2010-05-04 00:00:00

Doulot Akter MalaThe government has suspended a move to introduce a new Value Added Tax (VAT) law as authorities find it difficult to make business-friendly rules before the end of current fiscal year on June 30 next.The high-powered committee has...

Stocks decline on price correction

2010-05-04 00:00:00

FE ReportDhaka stocks declined on price correction for the second session in a row Monday as profit taking on banking and energy stocks capped early gains.The benchmark DSE General Index (DGEN) seesawed entire session and closed at 5593.79, down 37.49...

DESCO set to build 100mw power plant

2010-05-04 00:00:00

FE ReportState-owned Dhaka Electric Supply Company Ltd (DESCO) is set to build a 100-megawatt (mw) furnace oil-run power plant at Ashulia to ease the mounting electricity crisis across the country."We have already sent details of the proposed 100 mw power...

Govt to review MoU on power import from India

2010-05-04 00:00:00

The government has decided to review the Memorandum of Understanding (MoU) on power import from India which was signed between the two neighbouring countries during Prime Minister Sheikh Hasina's visit to India in January this year, reports UNB.The decision was...

Malaysia offers conditional duty-free market access

2010-05-04 00:00:00

Nazmul AhsanMalaysia has agreed to allow duty-free entry of Bangladesh products into its market provided the latter starts negotiations on a bilateral free trade agreement (FTA), official sources said.The duty-free facility, as sought by the Bangladesh government recently, would be...

Summer fruits dearer in city

2010-05-04 00:00:00

Monira MunniFavourite summer fruits-mango, jackfruit, blackberry and litchi-have started to appear in the city markets but they are out of the reach of the common people due to its high asking prices.Traders claimed fruit prices are usually high in the...

Remittances exceed $9b in first 10 months

2010-05-04 00:00:00

Siddique IslamRemittances from expatriate Bangladeshis exceeded US$9.0 billion in the first 10 months of the current fiscal, marking a 16.72 per cent growth over the same period of last fiscal. The remittances from Bangladeshi nationals working abroad were estimated at...

Forfeited amount of refund warrants raised to 15pc

2010-05-04 00:00:00

The securities regulator has raised the forfeited amount to 15 percent from 10 per cent of the refund warrants of unsuccessful applicants as penalty for submitting duplicate applications for Initial Public Offering (IPO). The Securities and Exchange Commission (SEC) took...

Nasrul selected as REHAB chief

2010-05-04 00:00:00

Nasrul Hamid Bipu was selected as president of Real Estate and Housing Association of Bangladesh (REHAB), a press release said. The official statement stated that the 30th meeting of REHAB executive council Monday selected Nasrul for the organisation's highest post....

When beggars can be choosers

2010-05-04 00:00:00

Mahmudur RahmanThe hunch-backed young man had had enough. It had not been a productive morning. The constant tapping of the often dark windows of the expensive cars passing the Gulshan traffic signals had yielded little. The savings grace had been...

SEC to issue explanation letter to 3 cos

2010-05-04 00:00:00

FE ReportThe SEC said it would issue explanation letter to three companies, which have declared to split the face value of shares from their existing value despite the securities regulator's restriction.Recently three companies - Jamuna Bank, Summit Power Limited and...

Electronic media's transactions come under BB scanner

2010-05-04 00:00:00

FE Report Financial transactions including inward remittances in the form of subscription or ad of electronic media have come, for the first time, under scrutiny of the central bank, officials said. Under the new measure, commercial banks and financial institutions...

Plan to construct Second Padma Bridge deferred

2010-05-04 00:00:00

Munima SultanaThe government's plan to construct the Second Padma bridge has been deferred indefinitely as the Planning Commission denied to give approval Monday due to lack of funding arrangement.Officials said the project proposal of US$ 1.9 billion was submitted to...

BNP announces marches to district ECs on May 9

2010-05-04 00:00:00

The main opposition BNP took out a protest march in the city Monday afternoon demanding cancellation of the results of Bhola-3 by-election and resignation of the election commissioners, reports bdnews24.com. The procession of a few hundred people started from Muktangan...

Sense of relief returns to Greece

2010-05-04 00:00:00

From Fazle RashidNEW YORK, May 03: A sense of relief has returned to Greece. Athens clinched a deal on a long delayed financial rescue package with its reluctant European partners and the International Monetary Fund (IMF) yesterday. Some of the...

Aditya Birla Group now owns Emirates Cement

2010-05-04 00:00:00

Mashiur RahamanTop Indian conglomerate Aditya Birla Group has recently acquired the Dubai-based ETA Star Cement Company that owns the Emirates Cement in Bangladesh. The group, through its wholly-owned subsidiary UltraTech Cement Middle East Investments, has acquired Dubai-based ETA Star Cement...

Gulf oil spill spreads

2010-05-04 00:00:00

They call this city the End of the World, and for many shrimpers whose entire lives have been spent here in Louisiana’s southernmost outpost, it suddenly feels like it. As officials continue to struggle to stem nearly 200,000 gallons of...