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Japanese folk team to perform in city Dec 8, 9

2009-12-03 00:00:00

FE Report A Japanese folk team, consisting of six musicians, will perform folk songs of Japan on December 8 and 9 at the National Theatre Hall of Bangladesh Shilpakala Academy. With the support from Japan Foundation, Embassy of Japan in...

Robbery at AAG's house in city

2009-12-03 00:00:00

FE ReportRobbers looted valuables worth Tk 1.64 million (Tk 16.40 lakh) from the house of an assistant attorney general (AAG) at Mirpur in the city early Wednesday, police said.An officer of the Mirpur police station told the FE that the...

Sonargaon Assoc to honour brilliant students Dec 11

2009-12-03 00:00:00

Sonargaon Association will honour the students who got GPA-5 in the SSC and the HSC examinations from different educational institutions of Sonargaon Upazila at a function at Sonargaon auditorium on December 11 in recognition of their brilliant results, says a...

WB for limiting bank directors in line with caretaker govt ordn

2009-12-03 00:00:00

Nazmul AhsanThe World Bank (WB) wants the government to amend the Banking Company Act, 1991 in line with the ordinance promulgated by the immediate past caretaker administration limiting the number of bank directors to 13 and increasing the fines for...

Prospects brighten for leather sector

2009-12-03 00:00:00

Shahiduzzaman KhanWith a plentiful collection of rawhides, the tanners are expecting a brisk business this year as the global economy is on the recovery trail. Besides, the prices of hides and skin are relatively lower in domestic market this year....

SEC directs bourses not to allow cos sans SoEs for direct listing

2009-12-03 00:00:00

FE ReportThe Securities and Exchange Commission (SEC) has directed the bourses not to allow companies other than state-owned enterprises (SoEs) to be listed under direct listing regulations from now on."This is the finance ministry' decision. We just conveyed the message...

Tarique, Arafat, Mamun sued for launch tragedy

2009-12-03 00:00:00

FE ReportThe government has sued BNP Chairperson's eldest son Tarique Rahman, her youngest son Arafat Rahman Coco and businessman Giasuddin Al Mamun, the owners of MV Coco-4, after Friday's launch tragedy that drowned nearly 78 people.Shipping Minister Shahjahan Khan told...

Gold prices jump again

2009-12-03 00:00:00

Sheikh Shahariar Zaman Bangladesh Jewellers Samity (BJS) is going to increase the price of gold ornaments as the price of bullion registered a record high of $1,217 per ounce in the international market on Wednesday. The jewellers will sit in...

Khaleda reelected BNP chairperson

2009-12-03 00:00:00

Dhaka, Dec 2 (UNB) - BNP Chairperson Khaleda Zia was today (Wednesday) reelected unopposed the party chairperson for a three-year term subject to scrutiny of her nomination paper.Khaleda Zia was reelected unofficially as no other candidate either collected or submitted...

Dhaka stocks fall on profit taking

2009-12-03 00:00:00

FE ReportDhaka stocks fell slightly on profit taking Wednesday, ending the seven straight sessions of gaining streak.Trading at the Dhaka Stock Exchange (DSE), however, moved into the positive territory in the first five minutes before losing the momentum. During the...

Trade ministers wrap up inconclusive talks on Doha

2009-12-03 00:00:00

GENEVA, Dec 2 (AFP): Trade ministers were wrapping up three days of WTO talks Wednesday with little headway seen on ending an eight-year stalemate on framing a trade liberalisation accord ahead of a 2010 deadline.Parties appeared unwilling to budge on...

BB issues new Tk 20 note from Dec 6

2009-12-03 00:00:00

Bangladesh Bank (BB) will issue new notes of Tk 20 from December 6, a press release said Wednesday. The new note, signed by BB Governor Atiur Rahman, will be circulated from its Motijheel office and gradually from the other offices....

First return Hajj flight arrives

2009-12-03 00:00:00

The first return Hajj flight arrived Zia International Airport on Wednesday with 518 hajis. An aircraft of Biman Bangladesh Airlines carried the Hajis from Saudi Arabia, said a press release. The return Hajj flights will continue for the next one...

Ferry death toll swells to 84

2009-12-03 00:00:00

BHOLA, Dec 02: Another seven dead bodies Wednesday were pulled from the sunken ferry, MV Coco-4, taking the death toll to 84, half of which are children. Four of them were identified as 'Jhumur' (8), Manjura Begum (18), 'Mohsin' (30),...

Banglalink set to raise Tk 4.25b through issuing bonds

2009-12-03 00:00:00

Kayes M SohelBanglalink is set to raise Tk 4.25 billion through issuing bonds, a sign that paves the way to shore up the country's ailing bond market, officials said Wednesday.The bonds are the second of its kind for Bangladesh's capital...

What it means for EU, Bangladesh

2009-12-03 00:00:00

Dr Stefan FroweinTHE Lisbon Treaty, which the countries of the European Union (EU) signed nearly two years ago, finally entered into force on December 01, 2009. It will bring about major changes in the way the EU and its institutions...

C'wealth looks for financing climate vulnerable countries like Bangladesh

2009-12-03 00:00:00

PORT OF SPAIN, Dec 2 (UNB): The three-day Commonwealth Heads of Government Meeting (CHOGM) '2009 ended with strong consensus of the global leaders to facilitate financing for the Most Vulnerable Countries (MVCs) to adapt to and deal with the disastrous...

Revised PRSP to cost $49b

2009-12-03 00:00:00

FE ReportImplementation of the revised Poverty Reduction Strategy Paper (PRSP) would cost the government nearly $49 billion, according to the final estimate done by a high-powered committee, headed by Planning Minister A.K. Khandaker.There would be a resource shortfall of US$12.5...

Obama vows to 'finish' war in Afghanistan

2009-12-03 00:00:00

From Fazle RashidNEW YORK, Dec 02: President Barack Hossain Obama in a historic address to the cadets of the West Point military Academy, most prestigious in America, yesterday vowed to "finish the war" in Afghanistan and bring the troops back...

DMP launches campaign to bring order on roads

2009-12-03 00:00:00

FE ReportThe first day of the introduction of separate lanes for transports by Dhaka Metropolitan Police (DMP) passed off in a relaxed manner as vehicles and traffic policemen were few on the streets. On Wednesday, traffic police stopped some vehicles...

43 short-listed for CIP status

2009-12-03 00:00:00

Doulot Akter Mala The government has short listed names of 43 leading industrialists for awarding CIP (Commercially Important Person) status for the year 2009 on basis of their export performance. The Ministry of Commerce has sent the list of the...

BB revises underwriting obligations of PD banks

2009-12-02 00:00:00

Siddique Islam The central bank has revised the underwriting obligations of primary dealer (PD) banks and financial institutions at the time of primary auctions of the government securities aiming to brining dynamism in the secondary securities market. The revised underwriting...

Hide, skin prices low in Ctg

2009-12-02 00:00:00

Our Correspondent CHITTAGONG, Dec 01: The price of animal hides and skins was remarkably low in Chittagong this time as the market was controlled by a syndicate of middlemen, sources alleged.Medium-size cow hides were sold at Tk. 300 to 500...

Schedule for election of BNP chairperson announced

2009-12-02 00:00:00

Election schedule for the post of BNP chairperson was formally announced Tuesday ahead of its fifth national council on December 8, reports UNB.Justice TH Khan, chairman of the three-member election commission for BNP chairperson election 2009, announced the schedule at...

Chronic underutilization of ADP

2009-12-02 00:00:00

It is about time we all got a bit realistic about how much the government machinery can actually spend on development programmes and what resources can be mobilized to finance that spending. What has been happening for the past decade...

Medical care in name only

2009-12-02 00:00:00

Fahimda AkhterBangladesh has been one of these countries to pursue a policy of extending public health care at free or nominal costs to large sections of its population who are too poor to buy medicare privately. Bangladesh is not seen...

What people expect from the government

2009-12-02 00:00:00

Md. Joynal AbdinTHE people expect the new government, which came to power with a landslide election victory, to show respect to public sentiment. The people, who gave it the landslide victory naturally have high expectations from this government. In last...

Change remains elusive

2009-12-02 00:00:00

The people did not vote just for the transition to an elected government. They were very keen to see real changes in the way the country was being governed. Those who are on the driving seat of power must realise...

Why private sector as scapegoat always?

2009-12-02 00:00:00

Systematic policies were not operative to channelise funds to the private sector to stimulate it. In many countries, the entrepreneurs are allowed the vital level playing field. They are not spoon-fed but government policies at least try to keep them...

Mutual fund dilemma: Uncertainties and our concerns

2009-12-02 00:00:00

Suborna BaruaBangladesh has a very small market for mutual funds. As reported earlier in a contemporary, currently 17 mutual funds trade at an average of 2.75 times their net asset value (NAV) and 75 times their earnings. It also said...