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Iran seeks review of nuclear deal

2009-11-03 00:00:00

Iran has said it wants the UN's nuclear watchdog to establish a committee to review a deal aimed at easing Western fears over its nuclear programme, reports BBC.Iranian Foreign Minister Manouchehr Mottaki said the country had passed a request to...

FM seeks oil concessions at D8 summit

2009-11-03 00:00:00

Foreign minister Dipu Moni Monday urged oil exporting countries to give Bangladesh special concession in fuel prices, reports bdnews24.com. The minister, now in Malaysia, made the request while addressing a summit of the D8 council of ministers in Kuala Lumpur....

BB click-starts online banking

2009-11-03 00:00:00

Mehdi Musharraf BhuiyanBangladesh made a giant stride towards introduction of e-commerce Monday after the central bank allowed online money transaction, payment of utility bills through Internet and transfer of funds from one bank to another.Bangladesh Bank gave the groundbreaking directives...

Prices of major non-urea fertilisers reduced

2009-11-03 00:00:00

FE ReportThe government reduced Monday the prices of major non-urea fertilisers, which will cost the national exchequer Tk 5.0 billion for supplying the inputs to farmers at subsidised rates.Agriculture Minister Begum Motia Chowdhury announced the cut in sales prices of...

DGEN crosses 3400-mark first time as investors ignore regulator's warning

2009-11-03 00:00:00

FE ReportDhaka stocks benchmark index crossed the 3400-point mark for the first time Monday as shares enjoyed third consecutive day of record-breaking rally, boosted by better-than-expected third quarter reports by some companies. Stock brokers said the investors have largely defied...

44 foreign cos line up for drilling gas fields

2009-11-03 00:00:00

M Azizur RahmanGlobal energy companies responded spontaneously to tap potential reserves in the country's unexplored state-owned onshore gas fields and carry out seismic surveys to shore up the government move for raising natural gas output, officials said Monday.Forty four companies...

Moribund BOESL sends 15000 abroad in 25 yrs

2009-11-03 00:00:00

A Z M AnasBOESL, the state-owned recruiting agency, has managed to find employment for fewer than 15,000 Bangladeshis abroad since its inception in the mid-1980s, according to official statistics. Between 1984 and 2008, data available with the Bureau of Manpower...

Asia-Pacific LDC policymakers to meet in Dhaka January next

2009-11-03 00:00:00

Nazmul AhsanPolicymakers and ministers of the least developed countries (LDCs) of the Asia-Pacific region will gather in Dhaka next January to devise a common strategy for dealing with the effects of the ongoing global economic crisis, climate change and problems...

NBR honours 65 VAT officials with cash rewards

2009-11-03 00:00:00

FE ReportThe National Board of Revenue (NBR) has hounoured nearly 65 Value Added Tax (VAT) officials with cash rewards totalling Tk 15 million for their outstanding performance in detecting tax evasion of different businesses and companies.First secretary of VAT (policy)...

Karzai declared winner in polls

2009-11-03 00:00:00

KABUL, Nov 2 (AP): Afghanistan's election commission proclaimed President Hamid Karzai the victor of the war-ravaged nation's tumultuous ballot Monday, canceling a planned runoff two and a half months after a fraud-marred first round.Karzai's challenger, former Foreign Minister Abdullah Abdullah,...

Four Bangladeshi Hajj pilgrims die

2009-11-03 00:00:00

Four Bangladeshi Hajj pilgrims died in Saudi Arabia, officials said Sunday. "Four pilgrims, including two women, died of heart failure while undergoing treatment in hospital," Hajj officer Bazlul Haque Biswas said. One died in Jeddah, one at Medina and two...

Export-import thru' Benapole landport suspended

2009-11-03 00:00:00

BENAPOLE, Nov 2: Export-import activities between Bangladesh and India through Benapole landport was suspended Monday following a clash between truck workers of the two countries. Customs Cargo Super Hamidur Rahman said Indian truck workers have been demonstrating since this morning...

OIC chief due today

2009-11-03 00:00:00

Secretary-general of the Organisation of the Islamic Conference Ekmeleddin Ihsanoglu will arrive in Dhaka today (Tuesday) on a three-day visit, said a press release issued by the OIC office in Jeddah. Ihsanoglu will have talks with President Zillur Rahman, Prime...

Pay workers their due wages: PM

2009-11-03 00:00:00

FE ReportPrime Minister Sheikh Hasina said Monday no industry can sustain by exploiting workers or depriving them of due wages calling upon garment owners to pay properly to improve the livelihood of their employees."Labourers are the driving force of your...

BPC to import over 1.0m tonnes of refined oil from Kuwait next year

2009-11-03 00:00:00

FE ReportBangladesh is set to import more than 1.0 million tonnes of refined fuel oil worth US$ 580 million from Kuwait by older vessels as usual next year as the state-owned Bangladesh Petroleum Corporation (BPC) completed a negotiation to this...

Ctg, Mongla ports earn Tk 8.66b during Jan-Sept, JS told

2009-11-03 00:00:00

FE ReportChittagong and Mongla ports have earned Tk 8.66 billion from January to September period of the current year, Shipping Minister Shahjahan Khan told the parliament (Jatiyo Sangsad) Monday.In reply to a question of Mohammad Fazlul Azim, the minister said...

JS passes RPO amendment

2009-11-03 00:00:00

Jatiya Sangsad (JS) Monday passed amended electoral laws stating political parties will lose registration if they fail to submit their permanent constitutions to the Election Commission (EC) by the January 25, 2010 deadline, reports bdnews24.com. The bill on second amendment...

Report on Public Procurement Bill placed before House

2009-11-03 00:00:00

FE ReportChairman of the Standing Committee on Planning Ministry Oli Ahmed submitted the report on Public Procurement (Second Amendment) Bill, 2009 before the House Monday.Planning Minister AK Khandaker put forward the bill Sunday and the committee was given two days'...

Denmark to provide $200m aid in current fiscal

2009-11-03 00:00:00

FE ReportA visiting Danish government team Monday said it would provide US$200 million aid to Bangladesh in the current fiscal for improving good governance and undertaking some other development schemes, officials said.The Danish delegation in a high-level consultation meeting with...

Top 3 US military officials to visit Bangladesh soon

2009-11-03 00:00:00

Three US military high officials will visit Bangladesh separately early this month as a step towards strengthening bilateral security cooperation between the two countries, reports UNB. The officials are Lt Gen Benjamin R Mixon, commanding general of US Army, Pacific,...

Owner seen responsible for Tongi deaths

2009-11-03 00:00:00

Two senior government figures Monday held the owner of the Tongi garment factory responsible for the three deaths in Saturday's incident of labour unrest, reports bdnews24.com. State minister for labour Mannujan Sufian said Monday the garment factory owner must pay...

How business-friendly approach pays off

2009-11-03 00:00:00

Fawzi JumeanYahoo's recent acquisition of Maktoob, the leading Arabic online portal for the Middle East and North Africa region, for more than $150m, has left some people puzzled. Why is the largest regional internet company based in Jordan, a country...

IPO Diary

2009-11-03 00:00:00

Golden Son LimitedNature of BusinessGolden Son Limited is involved in producing and exporting non-electrical and Sports items to Taiwan, U.K, Canada, South Africa, Australia, Hong Kong and Singapore.Subscription OpenNovember 08, 2009Subscription CloseNovember 12, 2009 For Non resident BangladeshiNovember 08, 2009...

US Bangladesh Trade and Investment Relations

2009-11-03 00:00:00

Opening remarks by Dr. Zaidi Sattar, Chairman, Policy Research InstituteWelcome to you all. I would like to thank the US Embassy for allowing us to host this event which is very relevant for the Bangladesh economy. I am also thankful...

Institutionalising national ID cards

2009-11-03 00:00:00

THE immediate past caretaker government prepared and distributed voters' identity cards to over 50 million people during its tenure. It was observed at that time that these cards not only would serve the purpose of voting but also could be...

Physician, heal thyself

2009-11-03 00:00:00

N.M. HarunSix muggers were arrested on the Dhaka University campus in the early hours of Saturday. They were identified as members of the Bangladesh Chhatra League (BCL), the student organisation affiliated with the ruling Awami League. This news did find...

Efficient transportation can boost business

2009-11-03 00:00:00

K AlamBUSINESS success to win more markets calls for reducing the cost of doing business. The economy of a country should aim at becoming more and more competitive, specially to promote its external trade. Bangladesh has many things to do...

Sense and nonsense about traffic jams and rickshaws

2009-11-03 00:00:00

My old friend, Mr (one-track mind) Rahat of Malibagh has once again vented through one English daily his spleen against rickshaws in Dhaka and against the suggestion of Prof Rabbani of DU for a trial period of a few weeks,...

Computers can create problems

2009-11-03 00:00:00

The computer was first invented to do simple mathematical calculations efficiently and easily. But now, it has become a part and parcel of modern life. It is being used at every step of our lives. However, the excessive use of...

Jobless recovery in the United States

2009-11-03 00:00:00

Syed JamaluddinThe US economy pulled out of recession in the third quarter of this year when output grew at a seasonally adjusted 3.5 per cent annual rate. The recession is over but not the pain. The economy has turned around...