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Bangladesh ranks 7 in global remittance flow

2009-09-09 00:00:00

Bangladesh was among the top 10 global receivers of migrant remittances in 2008, according to a newly released UNCTAD report. The Trade and Development Report 2009, released Tuesday, also said remittances will continue to provide a larger foreign exchange inflow...

IBCCI delegation meets BOI chief

2009-09-09 00:00:00

FE ReportA delegation of the India-Bangladesh Chamber of Commerce and Industry (IBCCI) held a meeting Tuesday with the executive chairman of Board of Investment (BOI), Dr SA Samad, to exchange views on issues concerning both India and Bangladesh.Headed by IBCCI...

SQ Chy sued in Magura, Thakurgaon for treason, bad comments

2009-09-09 00:00:00

Opposition BNP lawmaker Salahuddin Quader Chowdhury was Tuesday sued on treason and defamation charges in Magura and Thakurgaon districts Tuesday for his alleged subversive comments, reports UNB.In both the cases he was charged with 'anti-state role' during the country's liberation...

Govt to formulate Industrial Policy 2009 soon

2009-09-09 00:00:00

The government is to formulate the Industrial Policy-2009 for ensuring overall development of the country through balanced industrialisation, reports BSS.In this respect, the government would provide massive infrastructure facilities including stimulus for setting up industries in the country's backward districts...

KMC teachers postpone work stoppage

2009-09-09 00:00:00

KHULNA, Sept 8 (BSS): Khulna Medical College (KMC) Teachers Association has postponed their indefinite work stoppage programme for the next three days.The decision was taken at a meeting of the association with KMC Principal Professor KP Sarker.

Speaker rejects opposition notices

2009-09-09 00:00:00

Speaker Abdul Hamid has rejected 36 adjournment notices submitted by three opposition and one treasury lawmakers, reports bdnews24.com. The BNP's Jafrul Islam Chowdhury and Nazim Uddin Ahmed, and the lone independent MP Fazlul Azim submitted 35 notices. Awami League's Omar...

DSE won't allow non-govt PLCs for direct listing

2009-09-09 00:00:00

Kayes M SohelDhaka Stock Exchange (DSE) will not allow any non-government public limited company (PLC) to go under the direct listing regulations. The recent bitter experience regarding the regulations that dismayed the investors and the market has prompted the DSE...

Govt against simultaneous running of general, Islamic banking

2009-09-09 00:00:00

FE ReportThe government is set to overturn the existing provision that allows simultaneous operation of conventional and Islamic banking by financial institutions, Finance Minister AMA Muhith said Tuesday."We are going to abandon the provision that allows banks to run both...

The reformer and trendsetter

2009-09-09 00:00:00

Shamsul Huq Zahid Saifur Rahman, the man who led the move to infuse market-driven dynamism into the Bangladesh economy through reforms since early '90s, is now resting in peace at Baharmordan village home in Maulivibazar. The pouring of profound shock...

Poor infrastructure ‘main hurdle’ to business growth

2009-09-09 00:00:00

FE Report Inadequate infrastructure has ranked number one problem for running businesses in the country and it may lead to less optimistic growth projection for 2009, says a study by the World Economic Forum.Infrastructure facilities of the country ranked one...

Stocks make slight gain amid sharp decline in turnover

2009-09-09 00:00:00

FE ReportDhaka stocks gained marginally Tuesday, snapping two-day consecutive fall, with sharpest decline in turnover. The market, however, began with higher note in the morning but started to decline and went into the negative territory just one hour before the...

MoF seeks clarification on BB move to raise NBFI capital

2009-09-09 00:00:00

FE ReportThe Ministry of Finance has sought to know from the Bangladesh Bank the rationale behind its move to double the paid-up capital of the non-banking financial institutions (NBFIs), sources in the ministry said.The MoF has also wanted to know...

Siddhirganj power project approved

2009-09-09 00:00:00

FE ReportThe Executive Committee of National Economic Council (ECNEC) approved Tuesday a power generation project involving Tk 20.77 billion (2,077 crore) to be implemented at Siddhirganj in a bid to add 300 megawatt (mw) electricity to the national grid from...

Dipu, Krishna talk tricky issues

2009-09-09 00:00:00

Foreign Minister Dipu Moni and Indian External Affairs Minister SM Krishna had wide-ranging talks on all tricky bilateral issues in New Delhi Tuesday to update the ties between the two neighbours, officials from the Indian capital told UNB.The talks held...

Surplus reserve poses a threat to inflation: Atiur

2009-09-09 00:00:00

MUMBAI, Sept 8 (Reuters): Bangladesh's foreign exchange inflows pose a threat to its inflation, which is set to end the fiscal year at 6.5 percent from less than 6 percent now, the country's central bank chief said on Tuesday. "Reserves...

Fitra fixed at Tk 40 per head

2009-09-09 00:00:00

Fitra has been fixed at Tk 40 per head this year. Islamic Foundation at its meeting Tuesday fixed the Sadqatul Fitra. The meeting was presided over by Khatib of Baitul Mukarram Mosque Maulana Mohammad Salahuddin. The Fitra of Tk 40...

US State Dept official due in city today

2009-09-09 00:00:00

US Acting Deputy Assistant Secretary of State for South and Central Asian Affairs Michael Owen arrives in the city today (Wednesday) on a two-day visit to Bangladesh. During his visit, Owen will meet government officials, parliamentarians, business people and members...

JS body for latest aircraft for Biman

2009-09-09 00:00:00

A parliamentary watchdog Tuesday asked the authorities concerned to take steps for inclusion of new generation aircraft into Biman fleet. The parliamentary standing committee on civil aviation and tourism ministry also asked for improvement of passenger services, serving improved foods...

Spain tests swine flu vaccine

2009-09-09 00:00:00

MADRID, SEPT 8: Spain's health minister says the country will immediately start testing a swine flu vaccine on 400 children. Trinidad Jimenez told reporters Tuesday Spain will be testing a vaccine developed by GlaxoSmithKline PLC.The trial group will be 400...

What is truth?

2009-09-09 00:00:00

Mahmudur RahmanThere were shades of what Francis Bacon had once said in beginning his famous essay "On truth" reflected in the actions of Bangladesh Garments Manufacturers & Exporters Association (BGMEA) Chief Abdus Salam Murshedy recently. Bacon went "What is truth...

Govt to seek extended support from donors tomorrow

2009-09-09 00:00:00

FHM Humayan KabirThe government will sit with major donors tomorrow (Thursday) to seek extended support for implementing its development programmes, officials said Tuesday. Finance ministry officials said top policymakers of the government will brief the representatives of the donors on...

Sugar prices jump to Tk 54 per kg

2009-09-09 00:00:00

FE Report Prices of sugar jumped to Tk 52-54 per kilogram (kg) Tuesday in the city's retail market from Tk 50 per kg a day before. The sugar refiners have started selling sugar in the city's 11 important points at...

15 exportable items to get cash subsidy this year

2009-09-09 00:00:00

FE Report The government has announced a fresh list of 15 exportable products with inclusion of two new items that would receive cash subsidy in the current fiscal year, officials said. The exporters will receive cash subsidy on the products...

Three confectionery giants eyeing Cadbury takeover

2009-09-09 00:00:00

From Fazle Rashid NEW YORK, Sept 08: Cadbury, Kraft, Nestle and Hershey's are all world famous confectionery giants. The last three Kraft, Nestle and Harshey's are eyeing Cadbury for a take-over. Kraft vainly made an offer of $16.7 billion takeover...

One more patient dies of swine flu

2009-09-09 00:00:00

One more patient died of swine flu, the IEDCR director said Tuesday, reports bdnews24.com. A three-year old child died Thursday last at the ICDDR,B pushing the official death counts from the deadly H1N1 virus to two, and unofficial estimates to...

Deteriorating employment situation

2009-09-08 00:00:00

UNEMPLOYMENT and poverty go hand in hand since one is complementary to another. The rate of unemployment is very high in Bangladesh; one in three persons is thought to be either unemployed or underemployed in the country. Despite an impressive...

The idea of gas export is reckless

2009-09-08 00:00:00

N.M. HarunThere is a scramble for oil and gas all over the world. Powerful countries invade weaker countries and countries get embroiled in civil wars over the possession of or access to oil and gas. Governments in countries after countries...

Eliminating illiteracy

2009-09-08 00:00:00

Mahfuzur Rahman ManikThe International Literacy Day as declared by UNESCO in 1965, is observed on September 08 every year throughout the world. This year, International Literacy Day will focus on the empowering role of literacy and its importance in participation,...

What to do when one contacts swine flu

2009-09-08 00:00:00

THE global outbreak of H1N1 influenza has been declared a pandemic by the World Health Organisation (WHO), but to date its impact has been relatively mild. Every case of illness and every death matters, but so far, H1N1's toll, at...

Woes of homebound passengers

2009-09-08 00:00:00

LIKE every year people are struggling to go home for Eid. The long queues before the ticket counters speak of it. Sometimes artificial scarcity is created by the service providers in collusion with 'ticket blackers' to raise the fares. It...