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23 BDR personnel still absconding

2009-08-31 00:00:00

A total of 23 BDR personnel have been absconding since the Pilkhana carnage on February 25-26. Of the absconders, 21 are soldiers, one lance naik and another is an assistant lance naik. The BDR authorities have requested all to inform...

Union Parishad polls in January

2009-08-31 00:00:00

Union Parishad (UP) elections will be held from January 2010, Election Commission (EC) sources said Sunday. They said the tenure of about 80 per cent or 4,400 UPs of total 4,504 unions has already expired. EC cannot hold elections in...

Poultry farmers ask minister to quit

2009-08-31 00:00:00

FE Report Poultry farmers have called for the resignation of the fisheries and livestock minister, Abdul Latif Biswas, for allowing import of 'bird flu laced eggs' from neighbouring India. Bangladesh Poultry Khamar Roksha Jatiyo Committee, a platform of marginal and...

Boro procurement deadline extended by 15 days

2009-08-31 00:00:00

FE ReportThe government has extended the 'Boro' procurement deadline by 15 days for buying the rest of the targeted 1.2 million tonnes of the food-grain. The decision was taken Sunday at the meeting of the Food Planning and Monitoring Unit,...

Vehicles beyond 20 yrs old won't be allowed to ply in city

2009-08-31 00:00:00

FE ReportDhaka city traffic jam coordinating committee has issued a letter to the Bangladesh Roads Transport Authority (BRTA) to correct its notification related to the maximum age of vehicles that would be allowed to ply in the capital from 15...

Cairn starts exploration work at Magnama in Oct

2009-08-31 00:00:00

FHM Humayan KabirThe Scottish oil company Cairn Energy will start exploration and development work at the Magnama offshore structure in October aiming to produce more than 100 million cubic feet of gas per day (mmcfd), officials said late last week.The...

PM leaves for Geneva tomorrow

2009-08-31 00:00:00

Prime Minister Sheikh Hasina leaves Dhaka for Geneva tomorrow (Tuesday) on a five-day official visit to attend the World Climate Conference-3 (WCC-3) beginning today in Switzerland, reports BSS.The theme of the upcoming WCC-3 being organised by the World Meteorological Organisation...

FBCCI concerned over Azad's arrest

2009-08-31 00:00:00

FE ReportThe country's apex trade body Sunday expressed deep concern over the arrest of businessman Abul Kalam Azad, owner of Azad Products and Grand Azad Hotel. In a statement, the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) said:...

Spl visa counter opened at SBI's Dilkusha branch

2009-08-31 00:00:00

FE ReportIndian Visa Application Centre (IVAC) has opened an exclusive visa counter at State Bank of India's (SBI) Dilkusha branch in the city for receiving visa applications from Bangladeshi nationals willing to travel to India by Moitree Express.IVAC continues to...

An ominous threat

2009-08-30 00:00:00

OF late, threats of withdrawal or suspension of aid from multilateral as well as bilateral donors for alleged irregularities, financial or otherwise, in project implementation or slow utilisation of their aid money have become rather frequent. The other day the...

Developing local technology to keep the rivers flowing

2009-08-30 00:00:00

Shahiduzzaman KhanPRIME Minister Sheikh Hasina announced recently that the country's rivers would be restored to their original feature through dredging. She said the government has already started negotiations with the World Bank, the Netherlands and other donor agencies for assistance....

Soaring prices batter people across the class lines

2009-08-30 00:00:00

Amirul IslamTHE electorate in Bangladesh, in general, was swayed by Awami League's pledge that it would bring down the prices. The landslide victory of AL was prompted in large measure by this loud promise. Some 20 million people are reported...

Producing enough power

2009-08-30 00:00:00

Ageing machinery and lack of replacement and repairs are responsible for a substantial amount of production loss in the country's power sector. Progressive restoration of full production capacity of the plants is a priority need for Bangladesh in view of...

Dhaka-Chittagong new expressway proposal to all

2009-08-30 00:00:00

THE news about the proposed four-lane Dhaka-Chittagong Expressway that was published in some national dailies was welcome. This is more particularly so, because it is expected to be constructed, as the reports said, by a Malaysian company. We would like...

Zakat and Fitra

2009-08-30 00:00:00

AS Islam discourages begging, 'Zakat' and 'Fitra' should be given in a manner that they do not create beggars. The money could be collected to organise projects for employment and train the needy in vocational and other skills so that...

Rs 90 billion TFCs to be enlisted in KSE

2009-08-30 00:00:00

KARACHI, Aug 29 : The government would issue Term Finance Certificates of Rs90 billion to pay off the circular debt, according to a decision taken at a high-level meeting between banks and government officials Friday, according to DawnCom.Official sources said...

Chinese co to set up factory in Comilla EPZ

2009-08-30 00:00:00

A Chinese company, M/s Bangladesh Textile and Fibre Industry Limited, will set up a fibre and non-woven fabric manufacturing industry in Comilla Export Processing Zone (EPZ).In this connection, an agreement was signed between the Bangladesh Export Processing Zones Authority (BEPZA)...

Arab stocks rebound on global recovery signs, rising oil prices

2009-08-30 00:00:00

AMMAN, Aug 29: (Internet): Arab stock markets rallied this week, buoyed by figures supporting recovery prophecies of the US and other major economies, improving performance of global bourses and rising oil prices, financial analysts said Friday.However, analysts pointed out that...

Dhaka-Colombia trade ties stressed

2009-08-30 00:00:00

FE ReportAmbassador of Colombia in Bangladesh Juan Alfredo Pinto Saavedra has stressed the need for establishing bilateral trade relation between Bangladesh and Colombia.The envoy made the observation when he called on President of Dhaka Chamber of Commerce and Industry (DCCI)...

US stocks fall

2009-08-30 00:00:00

NEW YORK, Aug. 29 (Bloomberg): US stocks fell as investors sold companies whose profits are least tied to the economy after Dell Inc. and Intel Corp. bolstered confidence that the outlook for technology spending is improving. The dollar and oil...

Gold rises on investment demand

2009-08-30 00:00:00

LONDON, Aug. 29 (Bloomberg): Gold futures rose to a three-week high on signs of increasing investor demand. Silver had the biggest gain in almost four months.Gold assets in exchange-traded funds monitored by UBS AG are "98 per cent of the...

European stocks advance

2009-08-30 00:00:00

LONDON, Aug. 29 (Bloomberg): European stocks advanced for a second consecutive week as earnings reports and economic data added to signs the global recession is nearing an end.L'Oreal SA had its biggest weekly gain since September 2001 after reporting a...

Food, water, energy shortages threaten Indian security

2009-08-30 00:00:00

NEW DELHI: Aug. 29 (Bloomberg): India's future is threatened by shortages of food, water and energy and these should be addressed on a priority basis, the Prime Minister's security adviser said."These are part of a broad national security plan, and...

KSE witnesses brisk trading as 100-share index gains 226 points

2009-08-30 00:00:00

KARACHI, Aug 29 : The Karachi stock market faced intense buying on the last trading day of the week Friday due to foreign investment in oil and bank sectors, according to Daily Times.Buying was also supported by local investment in...

Commodity prices diverge amid recovery hopes

2009-08-30 00:00:00

LONDON, Aug 29 (AFP): The prices of raw materials were mixed this week in cautious trade despite increased signs of global economic recovery. The US economy, the world's biggest, appeared to hold on its path of recovery from deep recession...

Myanmar enjoys 5m tonnes of rice surplus annually

2009-08-30 00:00:00

YANGON, Aug. 29 (Xinhua): Myanmar enjoyed 4.89 million tons of rice surplus annually, the local Myanmar Post weekly reported yesterday. According to official statistics, the country generated about 30 million tons of rice out of 8.26 million hectares of paddy...

Dollar recovers some gains amid renewed caution

2009-08-30 00:00:00

NEW YORK, Aug 29 (AFP): The dollar traded mainly higher yesterday as currency traders turned more cautious in the face of a struggling stock market and mixed economic news. At 2100 GMT, the euro fetched 1.4304 dollars compared with 1.4345...

Indonesia to take measures to stabilise sugar market

2009-08-30 00:00:00

JAKARTA, Aug. 29 (Xinhua): Indonesia's Ministry for State-Owned Enterprise (SOE) asked the Logistic Agency (BULOG) to increase its role in sugar distribution to improve market structure, the private news provider detikcom reported yesterday. According to the Minister for SOE Sofyan...

'Clunkers' plan drives US consumer spending

2009-08-30 00:00:00

WASHINGTON, Aug 29 (AFP): US consumer spending rose in July, boosted by the government's popular "Cash-for-Clunkers" auto sales incentive programme, official figures showed yesterday. The Commerce Department said consumer spending-which drives two- thirds of US economic activity-rose for the third...

China to scrap higher tariffs on auto parts imports

2009-08-30 00:00:00

WASHINGTON, Aug 29 (AFP): China has informed the United States it will scrap from Tuesday higher tariffs on imported auto parts following a World Trade Organization ruling, a top US trade official said yesterday. "We are pleased that China has...