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Army makes 2-2 draw with BKSP in V Day Hockey

2009-12-22 00:00:00

Despite leading the first half 2-0, Bangladesh Army dropped points again in the Victory Day Cricket tournament as BKSP struck twice in the second half to level the score 2-2 in the day's lone match at the Maulana Bhasani National...

Teachers' salary to be raised in next budget: Nahid

2009-12-22 00:00:00

GOPALGANJ, Dec 21 (BSS): Education Minister Nurul Islam Nahid said the government would increase salary of teachers in the next budget. He was speaking at a discussion on the Kotalipara Union Institution premises under Kotalipara Upazila of the district Sunday....

Govt inspector turns down BR request

2009-12-22 00:00:00

The government inspector has turned down the railway authorities' "special request" for allowing Indian container-wagons to ply across the Bangabandhu Bridge, reports bdnews24.com. Government railway inspector Abu Taher said that his department had sent back Bangladesh Railway's request letter, as...

Verdict copy sent to jail authorities

2009-12-22 00:00:00

The copy of the verdict of Bangabandhu Murder Case has been sent to the home and law ministries, trial court, jail authorities and attorney general office, reports bdnews24.com. Supreme Court (SC) registrar Md Shawkat confirmed it to journalists Monday. The...

Delwar trashes AL allegations

2009-12-22 00:00:00

Bangladesh Nationalist Party (BNP) Secretary General Khandaker Delwar Hossain dismissed an allegation of his party's links with the published story that had alleged Prime Minister's son Sajib Wazed Joy's involvement in corruption, reports bdnews24.com.Delwar was answering to journalists' queries after...

Law minister rejects judge's comments

2009-12-22 00:00:00

Law Minister Shafique Ahmed rejected the comments made by Justice Nazrul Islam Chowdhury on the process of passing laws in parliament saying the judge made the remarks from ignorance, reports bdnews24.com.At a recent discussion Justice Chowdhury scorned the process of...

AL submits amended constitution

2009-12-22 00:00:00

The ruling political party Awami League (AL) has submitted its amended constitution to the Election Commission (EC) after dropping the name of Swadhinata Chikitsak Parisad as an associate body and revising its section on foreign chapters to comply with electoral...

Banks can now reschedule loans without downpayment

2009-12-22 00:00:00

Siddique Islam Commercial banks have been empowered to reschedule classified loans of the industries that were forced to close down or became sick during the last caretaker government without any down payment, officials said Monday. Under the new provisions, the...

Selection of lead donor left to PM

2009-12-22 00:00:00

FE ReportPrime Minister Sheikh Hasina will select a lead donor for bank-rolling the Padma bridge project in a day or two, as four top policymakers failed to come up with a name, officials said.Finance Minister AMA Muhith and his three...

Dhaka stocks regain in heavily fluctuating mkt

2009-12-22 00:00:00

FE ReportDhaka stocks regained in the heavily fluctuating market Monday as investors availed lower prices, after a three-day fall. The market flipped between gain and loss in early trading as it lost 16 points within first twenty minutes and then...

Swedish hedge fund Moghul upbeat on B'desh economy

2009-12-22 00:00:00

A Z M AnasBangladesh's "less volatile" economic development will help it travel to a sustained path of growth, driven by a dynamic pool of private entrepreneurs, the head of Brummers and Partners said. Patrik Brummer, chairman of Stockholm-based hedge fund,...

New division created in finance ministry

2009-12-22 00:00:00

Nazmul AhsanA new division -- the Bank and Financial Division -- was officially created in the Ministry of Finance (MoF) Monday as the secretary-committee on administrative affairs approved a proposal to this effect on the day, meeting sources said.The number...

Ministry proposes 22pc hike in procurement price of sugarcane

2009-12-22 00:00:00

Doulot Akter MalaThe industry ministry has proposed a 22 per cent hike in procurement price of sugarcane for the upcoming crushing season with a view to encouraging farmers to cultivate the crop in increased volume to help meet the domestic...

DSE chief critical of regular SEC interference

2009-12-22 00:00:00

FE ReportRegular interference of the Securities and Exchange Commission (SEC) creates a chance of misinterpretation in the capital market, DSE President Md. Rakibur Rahman said at an investors' awareness programme organised by Trust Bank in the city Monday."There should be...

PM returns home

2009-12-22 00:00:00

Prime Minister Sheikh Hasina returned home Monday after attending the UN-sponsored global climate conference in the Danish capital. A flight of the Emirates Airlines carrying the PM landed at Zia International Airport at about 4:25pm. — UNB

Ameerah appointed UN under secy gen

2009-12-22 00:00:00

Ameerah Haq has been appointed under secretary general, the highest ever post held by a Bangladeshi at the UN. UN Secretary General Ban Ki-moon also appointed her as special representative for Timore-Leste and head of UN Integrated Mission there. —...

Revealing, staggering figures

2009-12-22 00:00:00

Mahmudur RahmanIt's anyone's guess as to how much liquidity there actually is available in the Bangladesh economy. The easy pickings are the $10 billion reserves and the Tk 350 billion in the banks. But let's not leave out that which...

BB likely to buy back govt securities soon

2009-12-22 00:00:00

FE Report The central bank is likely to start buying back government securities aiming to manage the government's surplus funds properly, officials said.The Bangladesh Bank (BB) will take the move against the backdrop of the surplus balance in government account...

Microcredit lenders asked to fix interest rates rationally

2009-12-22 00:00:00

FE ReportThe government is trying to make the microcredit sector more disciplined by ensuring transparency and accountability in determining interest rate, said Bangladesh Bank Governor Dr Atiur Rahman on Monday.The microcredit financial institutions (MFI) should fix the interest rates at...

Raw jute ready for shipments to be allowed for export

2009-12-22 00:00:00

FE ReportThe government has decided in principle to allow export of raw jute, especially that was taken to ports for shipment before the imposition of the export ban on all kinds of raw jute on December 7 last.The decision came...

Dhaka in deal with Mauritius to avoid double taxation

2009-12-22 00:00:00

Bangladesh and Mauritius Monday signed an agreement on avoidance of double taxation and fiscal evasion, says a foreign ministry press statement, reports bdnews24.com. Foreign Minister Dipu Moni and her Mauritius counterpart Arvin Boolell signed the deal in the island nation's...

French minister says sanctions for Iran a must

2009-12-22 00:00:00

PARIS, DEC 21 (AP): The international community has no other choice than to impose new sanctions on Iran for Tehran's refusal to cooperate on its nuclear program, French Foreign Minister Bernard Kouchner said Monday.Kouchner said Russia was already "on board"...

EC to set deposit at Tk 0.1m, expenditure at Tk 3.0m in mayoral polls

2009-12-22 00:00:00

Security deposit for candidates of the upcoming city corporation mayoral election will be Taka 0.1 million (1.0 lakh) instead of the existing Taka 10,000 to check dummy contenders, reports BSS.Besides, the Election Commission (EC) is going to fix maximum Taka...

Japan MP wants CHT land issue resolved

2009-12-22 00:00:00

The government should give priority to resolving land disputes to fully implement the Chittagong Hill Tracts peace accord, Japanese parliamentarian Naoto Sakaguchi says, reports bdnews24.com.“First priority is definitely the land issue since it’s related to human rights and important for...

Six MPs appointed PC members

2009-12-22 00:00:00

The government Monday appointed six lawmakers members of the Privatisation Commission (PC) report BSS. They are Obaidul Quader (Noakhali-5), Shafiqur Rahman Chowdhury (Sylhet-2), M Abdus Sattar (Mymensingh- 8), M Jainal Abedin (Meherpur-1), Tipu Munshi (Rangpur-4) and Mahbub Ara Begum Gini...

Searching for investment recovery

2009-12-21 00:00:00

When it comes to investment there seems to be no dearth of good ideas around, some really innovative by Bangladesh standards like the Public Private Partnership (PPP). If all the talk about boosting domestic investment were to materialize, economic growth...

Time to take a hard look at the price situation

2009-12-21 00:00:00

Shamsul Huq ZahidThe inflationary pressure on the economy after easing in recent months is showing a few signs of getting strong again. The World Bank has already cautioned about the inflationary buildup because of a number of factors, including the...

Potential for developing Bangladesh's pharmaceutical sector

2009-12-21 00:00:00

Ferdous AlamThe export value of pharmaceuticals, though small, is growing at 50 per cent per year. Exports increased from $8.2 million in 2004 to $28.3 million in 2007 and expanded further in last two of years. The export destinations have...

Ensuring a liveable world for the future generation

2009-12-21 00:00:00

THE Copenhagen summit over climate change, despite having prolonged discussions on taking concerted and multipronged actions for combating global warming, has produced an accord, crafted by a core of some two dozen countries, of a non-binding nature that is vague...

Agreeing on international verification regime

2009-12-21 00:00:00

UNITED Nations Secretary-General Ban ki Moon's warning that nature does not negotiate with us is most relevant. To make efforts to help combat the effects of climate change success and to move forward beyond Copenhagen, developing countries like India and...