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B'desh-Turkey trade volume to reach $1.0b this year

2009-06-05 00:00:00

FE ReportCommerce minister Muahmmad Faruk Khan said Thursday trade volume between Bangladesh and Turkey will reach $1.0 billion this year from the current level of $517 million. "I had fruitful discussions with Turkish trade minister, exporters and importers, and I...

Trainers' workshop begins today

2009-06-05 00:00:00

A three-day workshop on "Trainers' Training for Trade Union Leaders" will begin today (Friday) at hall room of F Haq Tower at 107, Bir Uttam CR Dutta Road in the city, said a press release.Bangladesh National Council of Textiles, Garments...

HC grants bails to eight bigwig graft-convicts

2009-06-05 00:00:00

The High Court (HC) Thursday granted interim bails to eight bigwigs, including ex-state ministers Mofazzel Hossain Chowdhury Maya of Awami League and Ziaul Huq Zia of BNP, convicted in graft cases, reports UNB.The six others securing bails are: former Awami...

Court issues arrest warrant against Westmont chief

2009-06-05 00:00:00

A Dhaka court Thursday issued an arrest warrant against Westmont Bangladesh Limited chairman Kazi Tajul Islam Faruk in an embezzlement case, reports bdnews24.com. Faruk had sued the then Awami League chief Sheikh Hasina, now Prime Minister, for alleged extortion in...

JS adopts obituary reference to noted personalities

2009-06-05 00:00:00

The second session of the 9th parliament on the first day sitting Thursday adopted obituary references on the death of 15 noted personalities including member of the 9th parliament Mamtaz Iqbal, eminent nuclear scientist Dr MA Wazed Miah, a former...

Second round of recession begins to hit Bangladesh: ADB update

2009-06-05 00:00:00

FE ReportAsian Development Bank (ADB) Thursday said Bangladesh economy has begun to be affected by the second round of the global economic crisis, which would reduce the country's near-term growth prospects.Despite the slow growth, Bangladesh would perform better than most...

Of tariffs and the consumer

2009-06-05 00:00:00

Zaidi SattarIn a market economic system it is the consumer who is said to have the last word in the marketplace. Producers and sellers submit to the consumer's wishes expressed in terms of buying power and choice of what and...

SEC orders changes in DSE direct listing regulations

2009-06-05 00:00:00

Kayes M SohelThe capital market regulator has directed the prime bourse of the country to bring an amendment to the direct listing regulations, under which the market was badly affected by some issues' heavy price fluctuation on their debut days.The...

Ongoing recession still a big challenge: BB

2009-06-05 00:00:00

FE Report The central bank sees the ongoing global meltdown is still big challenge for the economy that may hit the export growth, the flow of remittances and foreign fund inflow. Although the Bangladesh economy has remained somewhat unaffected from...

PM cautions Met Dept on storm warning

2009-06-05 00:00:00

Prime Minister (PM) Sheikh Hasina has directed the Meteorological Department to remain more alert about forecasting cyclone and tidal surge in future, reports UNB. She also asked them to remain alert about calculating the timing of full moon, last night...

GDP growth at satisfactory level, says Muhith

2009-06-05 00:00:00

Finance Minister AMA Muhith on Thursday informed Parliament that the GDP growth of Bangladesh is at a satisfactory level compared to other countries in Asia, reports UNB. "Bangladesh Bureau of Statistics (BBS) estimated that the GDP growth for the current...

DSE turnover hits all-time high

2009-06-05 00:00:00

FE ReportDhaka stocks gained for the fourth straight session Thursday with the turnover hitting an all-time high in the history of the Dhaka Stock Exchange (DSE).The total turnover broke the previous record amid a bullish trend ahead of the upcoming...

Lt Gen Mubin made next army chief

2009-06-05 00:00:00

The government has appointed Principal Staff Officer (PSO) of the Armed Forces Division (AFD) Lieutenant General Muhammed Abdul Mubin as the new army chief, report UNB and bdnews24.com. Confirming this, a senior official of Prime Minister's Office said Prime Minister...

Bangladesh concerned over N Korea's nuclear, missile tests

2009-06-05 00:00:00

Bangladesh has voiced deep concern over the second nuclear test and the launching of a long-range ballistic missile recently by North Korea. "Such action is not conducive to maintaining peace and stability in the Korean Peninsula and East Asia in...

Computer glitch halts goods unloading at Benapole

2009-06-05 00:00:00

BENAPOLE, Jun 4: Unloading of goods at Benapole land port, the country's largest land port, remained suspended Thursday due to glitch in the computer server of its customs house. Sources said all information of import and export got deleted from...

150 children fall sick taking Vitamin-A capsules in Faridpur

2009-06-05 00:00:00

FARIDPUR, Jun 4: Some 150 children aged between six months and five years reportedly fell sick Thursday after taking Vitamin-A capsules and deworming tablets at Charshalipur village in Charbhadrashan Upazila.— UNB

Big budget with 'poor revenue may create problem for govt'

2009-06-05 00:00:00

FE ReportBig budget with poor revenue might create problem for the government if it fails to address the inflationary pressure, said Krishi Bank chairman Khondkar Ibrahim Khaled on Thursday."The government should undertake necessary measures to reduce inflationary pressure in the...

The tax of divinity

2009-06-05 00:00:00

Mahmudur RahmanFinance Ministers and the officials of the National Board of Revenue (NBR) often decry the fact that the tax gross domestic product (GDP) ratio in Bangladesh is one of the lowest in the world. Authorities urge people to pay...

REHAB Summer

2009-06-05 00:00:00

Fair begins FE ReportThe country's first ever REHAB Summer Fair began in the city Thursday when the realtors renewed their calls for a major reforms in the regulatory body RAJUK.The REHAB fair being held at Dhaka Sheraton Hotel in the...

Unconventional monetary policies 'to aggravate economic crisis'

2009-06-05 00:00:00

From Fazle RashidNEW YORK, June 04: A day after Germany's Chancellor Angela Merkel rebuked the US Federal Reserve, Bank of England and European Central Bank (ECB) for pursuing unconventional monetary policies that she warned could aggravate the economic crisis rather...

Obama speech raises hopes of new era between West, Islam

2009-06-05 00:00:00

PARIS, June 4 (AFP) : International leaders on Thursday hailed President Barack Obama's speech on relations with the Muslim world as opening a "new page" and even some arch-US foes said they detected signs of change by the world superpower.Every...

Budget to cheer up millions of angry dairy farmers

2009-06-05 00:00:00

Doulot Akter MalaThe government has finally bowed to the demand of millions of dairy farmers as it is set to impose heavy duty on imported powder milk, making it costly to help save local jobs, officials said Thursday.National Board of...

Call to extract coal, explore gas to solve energy crisis

2009-06-05 00:00:00

FE ReportThe government should immediately extract coal and explore gas as part of an integrated long-term energy policy to solve growing power and gas crises in the country, a top advocacy group said Thursday. "The country's societal and economic advancement...

Student, money exchange owner killed in city

2009-06-05 00:00:00

FE ReportOne college student and an owner of a currency exchange house were killed in two separate incidents in the city's Arambagh and Gulshan areas Thursday. Police said they recovered the bloodstained body of a student of Dhaka Notre Dame...

Resignation drama ends Sohel Taj joins office

2009-06-05 00:00:00

State Minister for Home Affairs Tanjim Ahmad Sohel Taj resumed office Thursday, ending a three-day drama over his resignation, reports UNB. "Actually, I could not turn up to the office due to my sickness. I'm feeling better today (Thursday) and...

Coping with the twin troubles

2009-06-05 00:00:00

A report from the UNICEF and restated in this paper last Thursday has focused on a significant area of concern for Bangladesh -- the poverty situation. It drew attention to the phenomenon of some 21 million people who have joined...

Restore investors' confidence in the economy

2009-06-05 00:00:00

Syed Fattahul AlimA newspaper report says the Board of Investment (BoI), the government agency to promote investment in the country looks like an abandoned organisation as the new government has not been able to pay necessary attention to this office....

Curbing smuggling to save the national economy

2009-06-05 00:00:00

Nizamuddin QuasemSMUGGLING has been draining the resources of Bangladesh both the ways. The government needs to be serious in checking smuggling, which is harming the economy. Smuggled goods, which enter Bangladesh without paying the taxes and undergoing quality checks are...

Why include three more classes at primary schools?

2009-06-05 00:00:00

THE new Awami League (AL)-led government is considering to extend primary education up to Grade VIII. Now it is up to Grade V. Most of the primary schools are of the government while most of the secondary schools are non-government.The...

Bangladesh's rights in international rivers

2009-06-05 00:00:00

THE national dailies recently reported that Prime Minister Sheikh Hasina requested the ambassadors of the developed countries to provide financial assistance for the reexcavation of the dead river Garai.Bangladesh does not get water due to Farakka Barrage which diverts waters...