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City's traffic snarls getting from bad to worse

2009-09-14 00:00:00

FE ReportThe city's traffic snarls are getting from bad to worse as government efforts to improve the situation during Ramadan have apparently fallen flat.According to traffic analysts and experts, the city sees more vehicles pressed into service than the number...

Thrust on making budget formulation more transparent, participatory

2009-09-14 00:00:00

FE ReportThe government should take an initiative to change the budget-making process to make it more participatory, transparent and inclusive, former caretaker government adviser Akbar Ali Khan said Sunday."People and parliament members should be more involved in the budget making...

Four cos qualify primarily for setting up Bibiyana power plant

2009-09-14 00:00:00

FE Report Four companies including three local and their joint venture partners qualified primarily for installing the 450 megawatts (MW) Bibiyana power plant in the northeastern Sylhet region, officials said Sunday.Summit Industrial and Mercantile Corporation (Pvt) Ltd and its partner...

Call rate moves up further

2009-09-14 00:00:00

FE Report The local interbank call money rate moved up further Sunday with the Eid-ul-Fitr festival round the corner, treasury officials said. The call rate ranged between 3.00 per cent and 7.25 per cent on the day against the previous...

Japan, HK want to invest in knitwear sector

2009-09-14 00:00:00

FE ReportA delegation of Bangladesh Knitwear Manufacturers & Exporters Association (BKMEA) visited Japan and Hong Kong last week and received significant responses from buyers and investors.Two renowned Japanese companies have shown keen interest to invest Tk 5.0 billion in country's...

Businesses call for withdrawal of half-day hartal

2009-09-14 00:00:00

FE ReportDifferent trade bodies and business associations called upon the National Committee for Protection of Oil, Gas, Mineral Resources, Power and Ports Sunday to withdraw their half-day strike called for today (Monday).They urged the committee leaders to pull out from...

IPO Diary

2009-09-14 00:00:00

Grameenphone LimitedNature of BusinessGrameenphone Ltd. is the largest mobile telecommunications operator in BangladeshSubscription OpenOctober 4, 2009Subscription CloseOctober 8, 2009For Non resident BangladeshiOctober 4, 2009 to October 18, 2009Offer PriceTk 70.00Face ValueTk 10.00Market lot200 SharesSponsors Portion1,215,174,797 SharesSponsors PortionTk 12,151,747,970.00Initial Public Offering69,439,400...

Baul king Shah Abdul Karim passes away

2009-09-13 00:00:00

SYLHET, Sept 12 (bdnews24.com): 'Baul Samrat' Shah Abdul Karim died Saturday at the age of 93. The legendary bard and singer, with more than a thousand folk songs to his name, passed away at a Sylhet clinic at 7:58am, doctors...

FBCCI calls for withdrawal of hartal

2009-09-13 00:00:00

FE Report The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) Saturday urged the National Committee to Protect Oil, Gas, Mineral Resources, Power and Ports to withdraw its half-day strike to be enforced in the capital tomorrow (Monday). The...

Dhaka-N region train link snapped for 3 hours

2009-09-13 00:00:00

SIRAJGANJ, Sept 12: Train services between the capital and the country's northern region remained suspended for three hours Saturday following derailment of two compartments of a train in Kamarkand Upazila. However, there was no report of casualties in the incident....

Khaleda performs Umrah at Makkah

2009-09-13 00:00:00

Makkah, Sept 12: Opposition leader and BNP chairperson Khaleda Zia performed umrah at Makkah Saturday evening, on the second day of her visit to Saudi Arabia. She performed tawaf at Holy Kaabah and visited Safa-Marwa among other religious rituals at...

BSF kills two at Sundara border

2009-09-13 00:00:00

DINAJPUR, Sept 12: India's Border Security Force shot dead two Bangladeshi nationals at the Sundara border in Dinajpur Sadar Upazila Saturday morning, according to Bangladesh Rifles. — bdnews24.com

Beyond the Sops

2009-09-13 00:00:00

Mahmudur RahmanIn line with most countries the government has announced stimulus packages, fiscal measures and policy support to sectors of the economy that have been affected by the global meltdown. That is as it should be. However, the question beggars...

Global recession produces many stimulating ideas

2009-09-13 00:00:00

From Fazle RashidNEW YORK, Sept 12: The economic meltdown, which began in the US, the heart of market economy, and swept through the entire world with the fury of a tempest, has produced many stimulating ideas. China was the first...

Tickets elusive to many home-bound train passengers

2009-09-13 00:00:00

FE ReportA large number of people who usually go to their village home by train to celebrate Eid-ul-Fitr are passing anxious time this year as they are not getting tickets even after long hours of waiting in queues at Kamalapur...

China's water diversion plan likely to affect B'desh rivers

2009-09-13 00:00:00

A Z M AnasChina's plan to siphon off billions of tonnes of water to its arid northern region is feared to deplete Bangladeshi rivers, jeopardising the deltaic nation's water security, environmental experts say. They note that the US$62 billion South-to-North...

WB to discontinue $60m NBR modernisation programme

2009-09-13 00:00:00

IFC to support similar project -3The World Bank (WB) has decided to discontinue the NBR's US$60 million Revenue Administration Modernisation Project (RAMP), as the International Finance Corporation (IFC) has signed a similar project agreement with the NBR, reports UNB.World Bank...

One killed in 'shootout' in city

2009-09-13 00:00:00

FE ReportAn alleged criminal was killed in a 'shootout' between his cohorts and Rapid Action Battalion (RAB) members in the city's Mirpur area Saturday, the elite force sources said. The dead was identified as Shahar Ali (35). Officials of Rab-4...

SKOP backs demos to press for dues by Sept 16

2009-09-13 00:00:00

Sramik Karmochari Oikya Parishad (SKOP) issued an ultimatum Saturday to garment factory owners to clear their employees' back pay, salaries and Eid allowances by September 16 or face a fresh round of protests, reports bdnews24.com. SKOP leaders also voiced their...

450 new postings to environ dept soon

2009-09-13 00:00:00

CHITTAGONG, Sept 12 (bdnews24.com): The government will soon appoint some 450 officials, including magistrates, to the Department of Environment (DoE) to overcome manpower crunch, said State Minister for Environment and Forest Hasan Mahmud Saturday. Dr Mahmud, speaking to reporters in...

BPJMCS launched

2009-09-13 00:00:00

FE ReportBangladesh Photo Journalist Multipurpose Cooperative Society (BPJMCS) was launched on Friday to implement housing projects for photo journalists' working for different national and regional news organisations. Abu Taher Khokon of New Age was elected president in a general meeting...

Global competitiveness and cost of doing business

2009-09-13 00:00:00

THE contents of two recently-published global reports, one on the global competitiveness and the other on the cost of doing business, have hardly anything encouraging for the businesses in Bangladesh. Despite the fact that the Global Competitiveness Report for this...

When sugar turns 'sour'

2009-09-13 00:00:00

Shahiduzzaman KhanBelying all expectations and 'wise' measures, sugar price is jumping everyday across the country. A section of unscrupulous traders, according to reports, are creating an artificial crisis under the pretext of price hike on the international market. No mechanism...

Streamlining government administration

2009-09-13 00:00:00

Iqbal AhmedThe latest promotion given to some 494 government officials at one go was unprecedented in the annals of the administrative history of this country. Apparently, the move was inspired to meet a number of objectives such as satisfying the...

Rescheduling office timings

2009-09-13 00:00:00

The government recently planned to reschedule the timings of government, semi-government, private, autonomous offices and banks to ease traffic gridlock. It is surely a good idea. However, earlier, we saw a few steps by the government go in vain due...

The demands of the pharmaceutical sector

2009-09-13 00:00:00

THE government should immediately accept and work on at least two of the proposals earlier made by the Bangladesh Association of Pharmaceutical Industries (BAPI). The BAPI demanded cash incentives for export-oriented pharmaceutical industries just like the other sectors. It would...

Swiss treat at whose expense ?

2009-09-13 00:00:00

Was it necessary for the Prime Minister to squander so much money on the pretext of negotiating on climate change ? I am referring to her recent visit to the five-day conference in Geneva, Switzerland. Apart from the Foreign Minister...

How can we conclude the Doha Round?

2009-09-13 00:00:00

Pradeep S MehtaEVERYONE wants a swift conclusion of the Doha Round, but one needs more than platitudes and clear intents to do so. Every other recent global meeting has asked for one, but it is one thing to say so...

Preparing for the upcoming WTO Ministerial Conference

2009-09-13 00:00:00

Ferdaus Ara BegumThe Seventh WTO Ministerial Conference will be held at a time when the world is passing through a crisis which has direct and indirect impact on trade and economic development of LDCs. WTO economists predict a 10 per...

Wait till death to be great

2009-09-13 00:00:00

Maswood Alam KhanWE have a penchant not to praise people when they are alive and we lose control of our emotions in praising the same people when they are dead. Because we are emotional as a race and our hearts...