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The elusive reforms of the civil services

2009-05-18 00:00:00

Amirul IslamTHE compelling need to attempt deep and driving reforms in the country's civil services has been felt for a long time though little was done to this end. There was a proposal from the donors to create a 'senior...

RMG workers go berserk

2009-05-18 00:00:00

It is a bad news that thousands of garment workers went berserk over wage-related disputes with factory owners. They attacked factories and broke machinery, damaged scores of vehicles and put barricades on the highway. In the melee, 50 people including...

Employing the disabled

2009-05-18 00:00:00

EMPLOYMENT as well as self-employment generation activities are essential for economic self-reliance of people with disabilities. Where the simple access to learning is a big barrier, even though the national establishment firmly prohibits inequity in employment in any shape, employment...

Power politics

2009-05-18 00:00:00

People can see no change in what the Awami League (AL) had pledged before the elections. The people thought the AL-led government had learnt from past mistakes. By now it is clear to all that AL's pre-poll pledges were mere...

Banking a synonym of cheating

2009-05-18 00:00:00

Maswood Alam KhanWhenever I have to explain to someone what the present financial meltdown is all about I advise him to visualise and equate the global crisis with 'pass the pillow' game, an easy sport akin to that of 'musical...

Bangladesh-Myanmar cooperation to conserve forest genetic resources

2009-05-18 00:00:00

Karar Mahmudul HasanTHE ethnic origins of the people of modern Myanmar (known historically as Burma) are a mixture of Indo-Aryans, who began to push into the area around 700 B.C. The Mongolian invaders under Kublai Khan penetrated the region in...

India lifts ban on wheat futures as stockpiles climb

2009-05-18 00:00:00

MUMBAI, May 17 (Bloomberg): India, the world's second-largest grower of wheat, lifted a three-year ban on futures trading in the grain after record purchases from farmers boosted reserves."We have revoked the suspension and have communicated the same to the exchanges,"...

Home starts, US economic outlook in April up

2009-05-18 00:00:00

WASHINGTON, May 17 (Bloomberg): Builders probably broke ground on more houses in April and a measure of the US economic outlook rose for the first time in almost a year, adding to signs the recession was abating, economists said before...

American dairy soars as sales triple on milk scare

2009-05-18 00:00:00

NEW YORK, May 17 (Bloomberg): American Dairy Inc., a Chinese producer of infant formula and milk powder, rose the most in five years in New York trading as sales almost tripled following a contaminated-milk scandal that killed at least six...

Agrani Bank CEO,DMD get awards

2009-05-18 00:00:00

Managing Director and CEO Syed Abu Naser Bukhtear Ahmed and Deputy Managing Director (DMD) Md Fayekuzzaman of Agrani Bank Limited have received "Artho Banijjo Arthonoitik Performance Awards 2009" recently, says a press release.President of FBCCI Anisul Haque was present as...

African copper plunges after bond-repayment demand

2009-05-18 00:00:00

LONDON, May 17 (Bloomberg): African Copper Plc, which shut a mine in January after running out of cash, fell the most in six months in London trading after the holder of a bond issue demanded immediate repayment.African Copper slid 35...

China electricity use down in April

2009-05-18 00:00:00

SHANGHAI, May 17 (AFP): China's electricity consumption fell 3.6 per cent year on year in April, a larger drop than in March, the latest sign an economic recovery has yet to take hold, state media reported Sunday.The industrial sector consumes...

10 top cos in India lose Rs 26 billion last week

2009-05-18 00:00:00

MUMBAI, May 17: The country's 10 most valued firms lost over Rs 26 billion in their market capitalisation last week, with state-run oil firm Oil and Natural Gas Corporation being the biggest loser in the coveted list, according to Business...

Pakistan re-enters MSCI Frontier Market Index

2009-05-18 00:00:00

KARACHI, May 17: Pakistan has been included in Morgan Stanley Capital International (MSCI) Frontier Market Index with the inclusion of twelve Pakistani companies in it according to Daily Times.Morgan Stanley Capital International (MSCI), a leading provider of benchmark indices, announced...

Oil spike raises portfolio questions

2009-05-18 00:00:00

Oil prices have shot higher in recent weeks as investors anticipate a rebound in the global economy. While many economists expect the economic rebound to be tepid at first, that has not slowed the advance in oil, according to The...

BKB holds branch managers' confce at B'baria

2009-05-18 00:00:00

Our CorrespondentBRAHMANBARIA, May 17: Bangladesh Krishi Bank (BKB), Brahmanbaria region, arranged a branch managers' conference on the bank's business activities of 2008-09 financial year on its office premises recently.General Manager (GM) of the bank, Comilla divisional office, Mosharraf Hossain Chowdhury...

Warid rewards top subscribers to celebrate 2nd anniversary

2009-05-18 00:00:00

Warid Telecom has rewarded 22 post-paid and 22 pre-paid subscribers with free mobile handsets for being most loyal customer of the company, said a press release.Warid Telecom CEO Mr. Muneer Farooqui handed over the 'Sony Ericsson W 880i, SE W810i...

Govt borrows Tk 8.25 billion thru' treasury bills

2009-05-18 00:00:00

FE ReportThe government borrowed Tk 8.25 billion (825 crore) Sunday through auctions of treasury bills. It will result in withdrawal of Tk 8.25 billion from the market in the week.The central bank conducted auctions of 91-day and 364-day bills on...

'Corporate governance to help establish transparency, accountability'

2009-05-18 00:00:00

FE ReportCommerce Minister Muhammad Faruk Khan, MP has underscored the need for creating awareness on corporate governance among the corporate entities of the country.The minister was addressing a seminar on corporate governance arranged by the Institute of Internal Auditors of...

BRAC Bank approves 30pc stock dividend

2009-05-18 00:00:00

FE ReportBRAC Bank Limited shareholders have approved 30 per cent stock dividend for the year that ended on December 31, 2008.The approval came at the 10th annual general meeting (AGM) of the company held in the city Sunday. Chairman of...

IBBL performance review meeting held

2009-05-18 00:00:00

FE ReportA daylong performance review meeting up to April 2009 of Islami Bank Bangladesh Limited (IBBL) was held at the BIAM Foundation in the city Saturday, said a press release. IBBL Board of Directors Chairman Abu Nasser Muhammad Abduz Zaher...

Call rate, dollar move on steady track

2009-05-18 00:00:00

FE Report The inter-bank call money rate maintained a steady level Sunday despite withdrawal of cash from the market through treasury bills. The US dollar also maintained stable nerve against Bangladesh taka (BDT) in the inter-bank foreign exchange market due...

$24.601m foreign-owned co to be set up in Karnaphuli EPZ

2009-05-18 00:00:00

Paxar Bangladesh Limited, a 100 per cent Netherlands-USA owned company, will set up a garment accessories manufacturing industry in the Karnaphuli Export Processing Zone (EPZ).In this connection, an agreement was signed between the Bangladesh Export Processing Zones Authority (BEPZA) and...

National Bank awards meritorious children of employees

2009-05-18 00:00:00

National Bank Limited organised a function to distribute scholarship, certificate of appreciation and crest among the meritorious wards of the employees of the bank at Bangladesh-China Friendship Center in the city recently.Some 85 students who secured outstanding result in the...

Shrimp export from Cox's Bazar declines

2009-05-18 00:00:00

Our CorrespondentCHITTAGONG, May 17: Shrimp export from Cox's Bazar district has registered a 20 to 25 per cent decline recently due to global recession. Beside malpractice of certain quarters has caused a negative impact on the export of the item...

BCB XI beat Maharashtra CA

2009-05-18 00:00:00

Bangladesh Cricket Board (BCB) Eleven earned a convincing 63-run win over Maharashtra Cricket Association, an Indian Ranji Trophy team, in the first of the three-match Twenty20 Cricket series at Sher-e-Bangla National Cricket Stadium at Mirpur in the city Sunday, reports...

Punjab hang on after thriller

2009-05-18 00:00:00

JOHANNESBURG, May 17 (Cricinfo): Kings XI Punjab lived to see another day in the IPL after a tremendous bowling effort - highlighted by Yuvraj Singh's second hat-trick of the tournament - gave them a one-run win over the Deccan Chargers...

Safina sweeps to second successive tennis title

2009-05-18 00:00:00

MADRID, May 17 (AFP): Women's world number one Dinara Safina claimed her second major clay title in a row here Sunday as she outclassed Danish teenager Caroline Wozniacki 6-2, 6-4 to win the Madrid Masters.The 23-year-old Russian - who lost...

JU meet Biman in final today

2009-05-18 00:00:00

Jahangirnagar University (JU) set up the final with Bangladesh Biman with a massive 105-run win over Dhaka University in the rain-interrupted semifinal of the Public University & Services Cricket Tournament at the BKSP Sunday, UNB.The final match between Bangladesh Biman...

Zia maintains sharing lead in Continental Chess

2009-05-18 00:00:00

GM Ziaur Rahman maintained sharing lead with GM Surya Shekhar Ganguly, GM Sandipan Chanda of India and GM Le Quang Liem of Vietnam and GM Elshan Moradiabadi of Iran in the 8th Asian Continental Chess Championship Sunday, reports UNB.He secured...