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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...

Remembering Enayetullah Khan

2009-11-03 00:00:00

Md. ShaheduzzamanMY father used to subscribe the then Pakistan Observer, later The Bangladesh Observer, the weekly Holiday and the Reader's Digest. It was on his insistence that I started reading newspapers in my school days. By the time I was...

Generic versus brand medicines

2009-11-03 00:00:00

Md. NizamuddinThe rising cost of health care affects the common people of Bangladesh. One of the main drivers of health costs is the rising cost of brand prescription drugs. Pharmaceuticals are an important part of health care.Medications can improve quality...

Science and technology gaps in higher education

2009-11-03 00:00:00

Prof. Lutfor RahmanThere are 54 private universities in Bangladesh and most of them have science-technology and engineering faculties to teach modern technological subjects like Information and Communication Technology (ICT), Electric & Electronics Engineering (EEE), Electronics and Telecommunication Engineering (ETE), Computer...

Asian stock markets slide amid US recovery doubts

2009-11-03 00:00:00

TOKYO, Nov 2 (AP): Asian stock markets fell Monday after grim news about American consumers sowed more doubts about the strength of the US economic recovery and sent Wall Street tumbling last week. European shares were mixed.Exacerbating investor worries was...

Suzuki quadruples guidance on soaring India sales

2009-11-03 00:00:00

SEOUL, Nov 2 (Reuters): Suzuki Motor Corp quadrupled its annual operating profit forecast Monday as sales soared in its main Indian market, setting it apart from other Japanese automakers that have depended heavily on the sinking US market.Suzuki, like South...

Emirates offers free stay for passengers

2009-11-03 00:00:00

First and Business Class passengers of Emirates, flying Emirates to 58 destinations across its worldwide network, could be enjoyed free accommodation in selected properties of the Starwood Hotel and Resorts Group.First Class passengers are eligible for two nights while business...

US lender CIT files for bankruptcy

2009-11-03 00:00:00

WASHINGTON, Nov 2 (AFP): CIT Group, a key lender to small US firms, declared itself bankrupt becoming the fifth largest failure in American history and dealing a new blow to market nerves.CIT said late Sunday it has agreed a restructuring...

Cultivation of indigo starts in greater Rangpur

2009-11-03 00:00:00

Our CorrespondentNILPHAMARI, Nov 2: Cultivation of indigo, the dye plant has started again after more than a century when farmers were forced to cultivate it during the colonial rule of East India Company. Commercial cultivation of the plant has also...