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Bank credit to private sector drops marginally in March

2009-05-19 00:00:00

Siddique Islam The private sector credit growth dropped, marginally, to 18.18 per cent in March, which was below the central bank's target. The main reason for the decline is attributed to the businessmen's cautious attitude towards making new investments in...

Recession forces NBR to slash revenue target by Tk 15b

2009-05-19 00:00:00

Doulot Akter MalaThe government recently made a downward adjustment of the current year's revenue target of the National Revenue Board (NBR), slashing Tk 15 billion, as global economic recession seriously affected the internal revenue collection.Total revenue earning target stands at...

Lanka declares final victory

2009-05-19 00:00:00

COLOMBO, May 18 (AFP): Sri Lanka's military declared a final victory Monday in its decades-old conflict with the Tamil Tigers, after routing the remnants of the rebel army and killing its leader Velupillai Prabhakaran.The army said its commandos had overrun...

Media reports on BDR carnage speculative: Faruk

2009-05-19 00:00:00

Commerce Minister Lt Col (retd) Faruk Khan Monday questioned the veracity of newspaper reports on findings of the army probe report on BDR carnage, claiming that the newspaper reports are based on speculations, reports UNB."It was not known to anybody...

Aftab Auto's trading halted

2009-05-19 00:00:00

FE ReportTrading of Aftab Automobiles, a sister concern of Navana Group, was halted Monday in violation of listing regulations for the second time in a span of two months.Trading of the company was halted for the market enquiry after it...

Kidnapped student rescued from Ashulia

2009-05-19 00:00:00

Ashulia police Monday rescued a school student from Gazirchat area under Savar, who was abducted from Paikpara in Mirpur for ransom Sunday. Md Monwar Hossain, officer-in-charge (OC) of Ashulia Police Station, said Mosaddeq Hossain alias Pias, 16, a student of...

Six die in landslide in Moulvibazar

2009-05-19 00:00:00

Six people, five of them of a family, were killed in landslide, triggered by heavy rain in two tea-gardens in Srimongol under Moulvibazar early Monday. — UNB

Three Bangladeshis killed in Singapore

2009-05-19 00:00:00

Three Bangladeshi labourers and an Indian worker were killed in Singapore Monday, when a lorry carrying them collided with a trailer. Police said the three male Bangladeshi workers were pronounced dead on the scene of the accident. — AFP

Govt seeks additional $650m from ME countries, OPEC

2009-05-19 00:00:00

FHM Humayan KabirThe government has sought funds to construct the Padma Bridge from some middle-eastern (ME) donors and OPEC as it needs additional over US$650 million for the scheme, officials said Monday."We've recently requested Kuwait, United Arab Emirates (UAE), Saudi...

Herbal medicine policy on the cards

2009-05-19 00:00:00

FE ReportThe government has asked Ayurvedic Unanni medicine industry leaders to prepare a herbal medicine policy in the light of existing policies in the world to help the growth of the sector which has local as well as international demands.Commerce...

South Asia on its way to harmony, tranquility

2009-05-19 00:00:00

From Fazle RashidNEW YORK, May 18: South Asia, after a long spell of political turbulence, hostility and instability, is now seemingly on its way to harmony and tranquility that will significantly change not only the condition of the peoples of...

Prothom Alo launches campaign for change

2009-05-19 00:00:00

FE ReportProthom Alo on Monday announced to launch commitment collection campaign with the slogan of 'Bodle Jao Bodle Dao' (get changed bring change) from May 21.To encourage people in bringing positive change in own behaviour in order to bring greater...

HC adjournes Khaleda's writ hearing until May 25

2009-05-19 00:00:00

The High Court (HC) Monday adjourned the hearing until May 25 of the writ petition filed by BNP Chairperson Khaleda Zia challenging the notices that asked her to return her Dhaka Cantonment residence to the military estates officer, reports BSS....

One killed, twohurt in gunfight with police

2009-05-19 00:00:00

FE ReportOne alleged snatcher was killed and two others injured in two separate gunfights with policemen in the city's Gulshan and Pallabi areas on Sunday midnight as part of the ongoing special drive by DMP.Dhaka Metropolitan Police (DMP) has been...

Five-year work plan for ICT development

2009-05-19 00:00:00

Meanwhile, another FE report adds: Finance Minister AMA Muhith has said the government will devise a five-year work plan for development of the country's information communication technology (ICT) sector to help achieve its goal of 'Digital Bangladesh'."We will give a...

Restoring navigability of the Karnaphuli channel

2009-05-19 00:00:00

THE Chittagong port handles 90 per cent of the cargo of the country's export- import trade worth US$32 billion. But despite its importance, the port is handicapped by the reduced navigability of the Karnaphuli channel due to siltation. Ships and...

Drive against food adulteration is overdue

2009-05-19 00:00:00

Ifteqarul AlamDOCTORS in Thailand's famous Bamnrungrad hospital which is the favourite destination of Bangladeshi patients, was reported by one of our major Bangla dailies to have said the patients came to the south east Asian state from their regular consumption...

Bangladesh, a land of tourism

2009-05-19 00:00:00

Mohammad Shahidul IslamAS a tourism destination, Bangladesh is truly hard to beat. Bangladesh definitely offers a lot to see enjoy and do. Bangladesh means a 'country where Bangla is spoken'. One of the most beautiful countries in South Asia, Bangladesh...

Indian Congress claims emphatic victory

2009-05-19 00:00:00

Dr. Manmohan Singh returns to office largely unencumbered by the demands and conditions that his UPA partners have placed on him, leading to compromises that weren't in the best interest of the nation. This time, there will be no excuses...

JMB den busted

2009-05-19 00:00:00

IT is not a scene from a drama where husband tells wife: "I am sick and the wife explodes a bomb" It was a real thing. When members of RAB were at the door of Boma Mizan, he uttered this...

Taka 400 in four minutes

2009-05-19 00:00:00

DOCTORS charge Taka 400 as fee from each patient, up from Taka 300 during the caretaker government. Contrary to the expectation that they would charge less after the election, the doctors have increased their fees.My brother, a farmer had to...

Legislators and local government

2009-05-19 00:00:00

K. M. MuktaLAW makers cannot do whatever they like because whatever is done in the legislature is done in the name of the people. The members of parliament cannot be oblivious of what the people want. Bangladesh's experience shows that...

Bangladesh: Quest for quality education

2009-05-19 00:00:00

Kazi Mohoshin Al AbbasTHE present Awami League (AL) government is on a quest for quality education. Cabinet members including the education minister, have mentioned the need for education reforms. It needs economic planning for a nation to prosper, create wealth...

Bangladesh-Myanmar cooperation to conserve forest genetic resources

2009-05-19 00:00:00

Karar Mahmudul HasanThe total area of Bangladesh is 14.757 million hectares (Stat. Year Book 2004). In the current National Forest Assessment (NFA 2005-2007), 56 per cent of the area has been classified as "cultivated land", almost 20 per cent as...

Indian stocks, rupee, bonds surge on Congress win, share trading halted

2009-05-19 00:00:00

MUMBAI, May 18 (Bloomberg): India's benchmark stock index jumped a record 17 per cent, bonds rose and the rupee gained the most in two decades after Prime Minister Manmohan Singh's Congress Party won nationwide elections.Share trading was halted for the...

Stock index futures point to lower open on Wall Street

2009-05-19 00:00:00

Stock index futures pointed to a lower open on Wall Street Monday, extending the previous week's losses as investors worry about the outlook for corporate profits, reports Reuters.At 4:39 a.m. EDT, futures for the S&P 500 were down 0.28 per...

KSE begins week under selling pressure

2009-05-19 00:00:00

KARACHI, May 18 : Karachi Stock Exchange (KSE) witnessed selling Monday and the benchmark KSE-100 Index closed 5 points down to 7,172, according to The News.The share market began its journey in the green zone but later selling in banking...

Sri Lanka stocks up on 'victory'

2009-05-19 00:00:00

Sri Lankan shares have surged by the largest amount in four months after the government claimed victory in its civil war against the Tamil Tigers, reports BBC.The benchmark Colombo All-Share Index jumped by 5.7per cent to 2,106.25, its biggest gain...

Palm oil may rise above $841 a tonne

2009-05-19 00:00:00

Palm oil futures traded on the Malaysia Derivatives Exchange could exceed 3,000 ringgit ($841) a tonne "very quickly" because of a "strong" increase in consumption and production problems, an industry analyst said Monday, reports Bloomberg.There was "a powerful bull market...

WHO annual meeting dominated by swine flu

2009-05-19 00:00:00

GENEVA, May 18 (Agencies): Swine flu and the possibility of a vaccine topped the agenda Monday as the World Health Organisation (WHO) opened its annual meeting amid concern that the virus continues to spread - and kill - around the...