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Sawyer killed, four injured

2010-04-21 00:00:00

KERANIGANJ, Apr 20 (UNB): A man was killed and four others were injured in an attack by his neighbours at Atasur in Keraniganj model thana Tuesday.The deceased was identified as Ajit Karaty (55), a sawyer, son of Bholanath Karaty. Others...

ICCCAD of IUB marks its establishment

2010-04-21 00:00:00

Independent University, Bangladesh (IUB) organised a programme to mark the establishment of 'International Centre for Climate Change and Development (ICCCAD)' at a city hotel Sunday, said a press release.Prof Nazrul Islam, Chairman of University Grants Commission of Bangladesh (UGC), attended...

Johnson & Johnson posts higher Q1 profit

2010-04-21 00:00:00

NEW YORK, Apr 20 (AP): The world's biggest maker of health care products may be on the mend, reporting a slight increase in profit on Tuesday, after the recession dragged results down last year.Johnson & Johnson said its first-quarter profit...

No new policy initiative for next fiscal: Muhith

2010-04-21 00:00:00

FE ReportThe government will include no new policy initiative in the next budget to be unveiled on June 10, rather pursue those taken under the budget of the current fiscal year, Finance Minister Abul Maal Abdul Muhith told reporters at...

The upazila saga takes a new twist

2010-04-21 00:00:00

Shamsul Huq Zahid Poor chairmen of upazilas (sub-districts)-the have, apparently, got yet another group of power contenders, the upazila nirbahi officers (UNOs).Until last Monday, the upazila chairmen have been pressing hard to shake off formidable contenders for power, the lawmakers,...

PM smells sabotage in power, water supply

2010-04-21 00:00:00

Prime Minister Sheikh Hasina Tuesday said a group of people sometime are involved in creating unnecessary load shedding and disrupting smooth supply of water intentionally for financial benefit and also to tarnish image of a popular government, reports BSS. "Unnecessary...

Bank CEOs to get incentive bonus

2010-04-21 00:00:00

FE Report Chief Executive Officer (CEO) of all banks in the country will, for the first time, be entitled to incentive bonus for encouraging them to perform better, officials said Tuesday. The central bank issued a circular in this connection...

Hizbut-Tahrir kingpin held in city, remanded

2010-04-21 00:00:00

FE ReportLaw enforcers arrested the chief coordinator of the banned Islamic militant group Hizbut-Tahrir Bangladesh chapter from his Green Road residence Tuesday.The police also secured a three-day remand for grilling him in connection with a case against him for possessing...

Chambers for waiving tax on setting up of power plants

2010-04-21 00:00:00

Doulot Akter MalaChamber leaders Tuesday requested the government to waive tax on establishment of power plants, exempt import duty on alternative fuel, cut corporate tax rates and raise existing income tax-free ceiling for individuals.They pleaded for removal of obstacles to...

Direct purchase allowed in setting up power plant

2010-04-21 00:00:00

Different agencies under the power ministry will now be able to go for direct purchase of equipment for setting up power plants as the Cabinet Committee on Economic Affairs Tuesday approved a proposal in this regard, reports UNB.Finance Minister AMA...

Padma bridge to be completed in 3 yrs

2010-04-21 00:00:00

FE ReportCommunications minister Syed Abul Hossain on Tuesday said the prestigious Padma bridge project will be completed in three years after commencing its work in December next. He admitted that the goal is 'ambitious'.The minister said the government is committed...

IMF again suggests hike in fuel oil prices, power tariff

2010-04-21 00:00:00

FE ReportThe International Monetary Fund (IMF) has again advised the government to increase kerosene and diesel prices and power tariff to help reduce its subsidy burden.It has also recommended for introduction of market-based price adjustment method for fuel oils in...

Dhaka stocks extend gains

2010-04-21 00:00:00

FE ReportDhaka stocks witnessed sharp rise extending gains for the second straight trading session Tuesday with the benchmark index climbing to a four-week high as the investors used the recent sell-off as a chance to jump back into the market.Bulls...

Passenger jet makes emergency landing

2010-04-21 00:00:00

A Chittagong-bound passenger aircraft operated by private carrier United Airways Tuesday made an emergency landing in Dhaka airport after its pilot detected a technical problem with one of its engines. The twin-engine Canadian Dash-8-100 aircraft left Hazrat Shahjalal International Airport...

Industrial zone to be set up at Gopalganj

2010-04-21 00:00:00

Industries Minister Dilip Barua said Tuesday the government is going to set up a special industrial zone at Gopalganj to boost up its industrial potentiality. — FE Report

US dy secy of state due tomorrow

2010-04-21 00:00:00

US Deputy Secretary of State James B Steinberg arrives in the city tomorrow (Thursday) on a two-day visit to Bangladesh. "He is the top-ranking official of President Barack Obama's administration to visit Bangladesh," a foreign ministry spokesperson said Tuesday. —...

Volcanic ash clouds BD, Asian business

2010-04-21 00:00:00

Piles of clothing are sitting in the country's main airport with about 350,000 kilograms of its key garment exports stuck in limbo, as the Asian business, including Bangladesh, counts the cost of Europe's air chaos, reports AFP."The garments were already...

Rough sea: No ship could berth in the port

2010-04-21 00:00:00

Our CorrespondentCHITTAGONG, Apr 20: Inclement weather and high waves in the Bay compelled suspension of operational activities in the maritime port of Chittagong as no ship could enter the port since Monday evening until this evening, port officials said.The port...

Govt to spend Tk 13.52b in excess for two power plants

2010-04-21 00:00:00

FE ReportThe government has to spend Tk13.52 billion in excess for setting up 300-megawatt capacity two power plants due to delay in implementation of the project taken up nearly a decade ago, officials said Tuesday.Planning commission said the government will...

Govt to buy Boro rice at Tk 25, paddy at Tk 17 per kg

2010-04-21 00:00:00

FE ReportThe government will start buying a kilogramme of Boro rice at Tk 25 and paddy at Tk 17 from May as part of its move to ensure food security, the food minister said Tuesday."Our target is to help the...

SI shot dead at Dholaikhal

2010-04-21 00:00:00

FE ReportThe off-duty second officer of Bangsal police station was shot dead at Dholaikhal in the capital after he challenged three young men for their suspicious movement early Tuesday morning.Sub-Inspector Gautam Roy (42) challenged three armed criminals in the Dholaikhal...

Coal for power generation 'can be a good option'

2010-04-21 00:00:00

FE ReportSpeakers at a roundtable Tuesday said proper utilisation of domestic coal for electricity generation can be a good option as the government plans to create a load shedding-free Bangladesh by 2012.They made the remarks at the roundtable titled "Load...

Divestment of SoEs to continue despite opposition: PC chief

2010-04-21 00:00:00

FE Report The Privatisation Commission (PC) Chairman, Mirza Abdul Jalil, Tuesday said divestment of state-owned enterprises (SoEs) would continue despite opposition from a number of ministers."Mr Latif Siddiqui and others were speaking against privatisation of SoEs. But I think these...

Decision-making process needs to be expedited

2010-04-20 00:00:00

DECISIONS can go wrong. Even governments of the developed nations never claim that they are always right in their decision-making. The recent global financial turmoil was the product of wrong decision-making by a few globally renowned financial institutions and also...

Attracting investors is the key challenge now

2010-04-20 00:00:00

Moazzem HossainAttracting investment is Bangladesh's major economic challenge today. This is an opportune moment for Bangladesh to take effective actions for investment promotion. Two global rating agencies have made a positive assessment of the country's overall economic situation. At this...

High time to act wisely in the energy sector

2010-04-20 00:00:00

K. AhmedTHE country is suffering from a serious energy crisis. This has been the case for past several years in a row. Notwithstanding this, no tangible progress is yet in sight about the success of much-touted claims about governmental efforts...

Social security for the unorganised sector

2010-04-20 00:00:00

THE ruling Awami League promised in its 'Charter of Change' during the last election said that it would enact a National Employment Scheme under which one from each of the totally unemployed families would find employment. The incumbent government should...

Economic Liberty Index

2010-04-20 00:00:00

It seems Bangladesh is earning a lot of 'good certificates' these days instead of the usual depressing images that used to, rightly or wrongly, capture the media's attention. If certificates matter, then we ought to be happy, specially when coming...

A classless world in the offing?

2010-04-20 00:00:00

Maswood Alam KhanSLAVERY in its traditional sense is almost non-existent today though sounds of emancipation of slaves are still heard from closed societies at different corners of the world. Slavery has been around since ancient times and it has gradually...

It's getting harder to find water fit to drink

2010-04-20 00:00:00

Vinod Thomas and Ronald S. ParkerThe task of providing decent water where needed is becoming increasingly difficult all across the world. Countries have in recent decades been making investments in infrastructure designed to alleviate water shortages. But the response has...