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Minister admits wastage of environment fund

2010-04-26 00:00:00

Forest and environment state minister Hassan Mahmud admitted that government funds for environment protection were being wasted due to lack of coordination between various ministries, reports bdnews24.com.He said, "Various government ministries are implementing different types of work plans to save...

HC seeks to know how disabled can be facilitated to take part in BCS exams

2010-04-26 00:00:00

The High Court (HC) Sunday issued an order on the authorities concerned asking to explain in 30 days how the disabled persons could be facilitated to take part in the Bangladesh Civil Service (BCS) examinations, reports BSS. A two-judge bench...

BWDB CBA office bearers elected

2010-04-26 00:00:00

The election of fixing The Collective Bargaining Agent (CBA) of the Bangladesh Water Development Board (BWDB) was held in the city recently, said a press release.In accordance with the declaration of the directorate of Labour of the People's Republic of...

Appeal for help

2010-04-26 00:00:00

Justice M Bazlur Rahman, a lifelong bachelor, has been suffering from various diseases, said a press release. Justice Rahman (74), cannot walk without support of any one as he is half paralysed. He is also suffering from heart, lungs and...

Textile minister tells spinners to reduce yarn prices in 24 hours

2010-04-26 00:00:00

FE ReportTextile minister Abdul Latif Siddique Sunday threatened to open up Benapole landport for import of cheap Indian yarn, if the country's spinners failed to cool down prices of the key apparel raw material within the next 24 hours.The minister...

SEC may relax IPO size rules for unlisted insurance cos

2010-04-26 00:00:00

FE ReportThe securities regulator might overlook the minimum IPO-size requirement to enable a few unlisted insurance companies to go public. Under the existing insurance act, the minimum paid-up capital requirement for a life insurance company is Tk 300 million and...

500mw power to be bought from India in two yrs: PM

2010-04-26 00:00:00

CHANDPUR, Apr 25 (Agencies): Prime minister Sheikh Hasina said Sunday that 500MW of power will be purchased from India in the next two years. Hasina also said her government has taken the initiative to import electricity through regional cooperation with...

Banks propel Dhaka stocks as turnover crosses Tk 15b

2010-04-26 00:00:00

FE ReportDhaka stocks edged slightly higher Sunday on major gains by the banking sector as turnover crossed Tk 15.0 billion-mark after more than two months, boosted by large pickings by institutional and retail investors. The benchmark DSE General Index (DGEN)...

BNP announces countrywide protest rally on April 28

2010-04-26 00:00:00

Opposition BNP Sunday announced countrywide protest rallies on April 28 against what it termed 'unprecedented vote rigging' in the Bhola-3 by-election that was held on Saturday.The protest rally to be held in all districts, municipalities and divisional headquarters will also...

Mobile phone importers demand big tax cut

2010-04-26 00:00:00

FE ReportThe country's mobile phone importers Sunday demanded massive reduction in handset taxes, saying the move will boost government revenue and stop illegal import of millions of cellular phones. Bangladesh Mobile Phone Importers Association (BMPIA) made the demand to Prime...

Four MFs to follow SEC's new pvt placement rule

2010-04-26 00:00:00

Sheikh Shahariar ZamanFour mutual funds (MFs), which got approval from the market regulator in the last two months to float shares, will have to follow the new SEC guidelines on private placement.The companies are LR Global, Popular Life First MF,...

Govt lifts ban on Indian films

2010-04-26 00:00:00

The government has lifted a four-decade ban on Indian films in a bid to boost attendance at cinemas, a minister said Saturday, drawing loud complaints from local actors and directors, reports AFP.Films produced by India's huge Bollywood entertainment industry have...

Korea to recruit 4,400 BD labourers

2010-04-26 00:00:00

Newly-appointed Ambassador of Republic of Korea in Bangladesh Taiyoung Cho Sunday said his country would recruit 4,400 labourers from Bangladesh. Among them, 1,127 have already received a seven-day briefing and are expected to leave the city for Korea soon, he...

Banker found dead in city

2010-04-26 00:00:00

A banker was found dead at a residence in the city's Topkhana Road Sunday afternoon. Shahbag police recovered the decomposed body of Kalyan Ghosh, 30, a staff of Prime Bank, from the 5th floor of a seven-storied building owned by...

Case filed against CEC for hurting Muslims' sentiments

2010-04-26 00:00:00

A case was filed against Chief Election Commissioner (CEC) ATM Shamsul Huda for hurting the religious sentiments of Muslims through a statement. The plaintiff alleged that according to a news item published in the Dainik Amar Desh on April 16...

SAARC chamber for pvt sector-led economic integration of region

2010-04-26 00:00:00

FE ReportThe SAARC Chamber of Commerce and Industry (SAARC CCI) Sunday adopted a number of resolutions, including acceleration of the process of economic integration of the region led by the private sector.It also suggested the public sector should be sensitised...

NBR attaches strings to duty-free cars for MPs

2010-04-26 00:00:00

FE ReportThe National Board of Revenue (NBR) Sunday issued an order allowing members of parliament (MPs) to import duty-free cars specifying engine capacity with some conditions to check abuse of the facility.The NBR order has restricted import of luxury cars...

Jewellery shop at Mirpur looted

2010-04-26 00:00:00

FE ReportBurglars made good their escape with over 965 tolas of gold ornaments and Tk 0.350 million in cash from a jewellery shop at Mirpur in the capital early Sunday.Shah Ali police said the criminals entered Dewan Jewellery housed in...

'Govt-pvt sector jt bid needed to build country's positive image'

2010-04-26 00:00:00

FE ReportBangladesh's government and private sector need to work together to build a positive image of the country in efforts to attract foreign investors, said German ambassador Holger Michael Sunday.His comments came at the luncheon meeting of Foreign Investors' Chamber...

WB urges BB to coordinate, expedite IT components execution

2010-04-26 00:00:00

FE Report The World Bank (WB) has urged the central bank to coordinate and speed up implementation of the information technology (IT) components and to formulate a comprehensive project plan that identifies all the dependencies. "The current global financial crisis...

Dutch envoy spells out help in water sector

2010-04-26 00:00:00

FE ReportAmbassador of Netherlands Alphons Hennekens on Sunday said his country is keen to broaden the gamut of cooperation in the country's water sector, particularly in the coastal areas affected by climate change, as well as in river erosion management...

Job-seeking seafarers to face new challenges

2010-04-26 00:00:00

FE ReportBangladeshi seafarers will be facing challenges to meet the new international training and certification standards as some changes are likely to come at the International Maritime Organisation (IMO)'s convention.Mariners at a seminar said IMO, the United Nation's regulatory body...

IMF calls for country-specific exits from stimulus, pledges to speed up reform

2010-04-26 00:00:00

WASHINGTON, April 25 (Xinhua): The International Monetary Fund’s policy- steering body, the International Monetary and Financial Committee (IMFC) yesterday called for the implementation of country-specific exits from stimulus, and pledged to deliver on the long-expected quota and governance reform. “The...

NBR calls for transparency in CSR

2010-04-25 00:00:00

FE ReportThe Chairman of the National Board of Revenue (NBR) Dr. Nasiruddin Ahmed Saturday said the government is eager to promote CSR through tax incentives but transparency and accountability of CSR activities have to be maintained.Dr. Nasir said this at...

NCC Bank to receive remittance from Japan

2010-04-25 00:00:00

Bangladeshi expatriates living in Japan from now on can legally send their hard-earned money through NCC Bank Limited, said a press release. NCC Bank has signed an remittance payment agreement in this connection with Tokyo Branch of ItaÚ Unibanco SA...

US housing data spurs late gains in oil prices after mixed week

2010-04-25 00:00:00

Darrell Delamaide After languishing most of the week, crude oil prices galloped to the finish line on Friday, tacking on 1.7% and recouping most of last week's losses as positive new-housing sale data spurred most markets forward. The decision by...

Malaysian trade delegation arrives tomorrow

2010-04-25 00:00:00

FE ReportA high-profile Malaysian trade delegation arrives in Dhaka Monday to explore investment opportunities in Bangladesh.Officials said the delegation comprising members of the Construction Industry Development Board of Malaysia (CIDB) will call on communications minister and meet leaders of Federation...

Clarification

2010-04-25 00:00:00

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has clarified a news item published in the Saturday issue of the Financial Express (FE) under the headline 'Fire spectre looms, but RMG unit unfazed'.In its clarification, the BGMEA said: "The news published...

Govt to propose introduction of licensing system

2010-04-25 00:00:00

Monira MunniThe government will, in the draft shrimp policy, propose the introduction of licensing system to ensure that the chemicals and medicines used in the production of shrimp feed are of acceptable quality.There are no purchasing guidelines now as a...

Regent Airways inks contracts with Canadian company

2010-04-25 00:00:00

FE ReportRegent Airways has signed up contracts and Letter of Intents (LoI) with the Canadian pilot training company CAE and the German airline IT solutions giant Lufthansa Systems to provide the Airline with world-class pilot training and IT-based optimization solutions,...