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NBR to send letters to concerned offices

2009-04-29 00:00:00

The National Board of Revenue (NBR) is preparing a letter for all ministries, embassies, high commissions and donor agencies trying to know the whereabouts of the duty-free imported vehicles, reports UNB.Fearing the duty-free cars being deployed in other duties, the...

Ctg CNG auto-rickshaw strike enters second day

2009-04-29 00:00:00

CHITTAGONG, April 28 (Agencies): Hell-bent on pressing home their demands, the CNG-run auto-rickshaw drivers continued their strike through the second day Tuesday. No three-wheelers were to be found on city streets for hire, deepening trouble for commuters short on public...

Bharasa son murder was not planned: IO

2009-04-29 00:00:00

Kabirul Islam Bharasa did not plan and killed younger brother, Khairul Islam, Monday, the investigation officer (IO) of the case said Tuesday, reports bdnews24.com.Imran Hossain, brother-in-law of Khairul, filed a murder case with the Paltan Police Station Monday night accusing...

BB seeks cut in corporate tax on banks, FIs' income from loans to productive sectors

2009-04-29 00:00:00

Doulot Akter Mala The central bank has suggested a cut in corporate tax on income of commercial banks and financial institutions, generated from the disbursed loans for productive and employment generating sectors. "The government could levy a reduced rate of...

NEC to finalise Tk 230b revised ADP tomorrow

2009-04-29 00:00:00

FE ReportThe government will finalise Thursday the revised annual development programme (ADP) for current fiscal year following a "very poor" project implementation rate, officials said Tuesday.The National Economic Council (NEC), the highest government body supervising development activities, will sit Thursday...

BB more 'matured' than before, says Salehuddin

2009-04-29 00:00:00

FE Report The country's immediate economic challenge is to face the global financial recession, Bangladesh Bank (BB) Governor Salehuddin Ahmed said Tuesday. "The immediate challenge of the economy is to face the recession, but we should not forget about our...

Interest rates policy for MFIs streamlined

2009-04-29 00:00:00

Siddique Islam The micro-credit regulatory authority (MRA) has streamlined the interest rates policy for micro-finance institutions (MFIs) to protect the interest of the country's thousands of small borrowers. Under the new measure, the MFIs will have to fix the interest...

Remittance boom and export industries

2009-04-29 00:00:00

M A Taslim The domestic currency of Bangladesh has held up rather well against major currencies of the world during the last year. The Taka has appreciated against many currencies including such strong ones as the euro, pound sterling, Australian dollar...

Indifference par excellence

2009-04-29 00:00:00

Shamsul Huq Zahid A drowning man/woman clutches whatever comes in his/her way just to remain afloat. But that seems to be not true in the case of the power ministry or the agencies under its control. The recent government decision...

Govt plans to raise food storage capacity by another 0.3m tones

2009-04-29 00:00:00

FE ReportThe government is planning to increase the country's food storage capacity by another 0.3 million tonnes by the end of the fiscal year 2009-10 Food Minister Abdur Razzaq said Tuesday."This would be done gradually by building more large capacity...

Power plants getting highest ever gas supply from Petrobangla

2009-04-29 00:00:00

M Azizur RahmanGas supply to the country's power plants by Petrobangla has been increased substantially to boost power generation in the scorching summer thanks to the closure of three gas-consuming fertliser factories.The gas-fired power plants Tuesday consumed around 780 million...

Dhaka stocks' fall continues

2009-04-29 00:00:00

FE ReportDhaka stocks fell Tuesday when the market saw a further boost in turnover as the trading of the state-owned Titas Gas shares broke single-day transaction record in terms of value. Stocks went down on the previous day also.The market...

ECNEC approves 11 projects worth Tk 16.35b

2009-04-29 00:00:00

The Executive Committee of the National Economic Council (ECNEC) Tuesday approved 11 development projects involving about Tk 16.35 billion (1,635 crore) including Tk 2.29 billion from Japan Debt Cancellation Fund (JDCF). Prime Minister Sheikh Hasina, also ECNEC chairperson, presided over...

Expert report on Padma Bridge tomorrow: Minister

2009-04-29 00:00:00

Experts will submit the project inception report along with a presentation on what the proposed Padma Bridge will be like tomorrow (Thursday), the communication minister said Tuesday. The bridge is expected to be completed by 2013, Syed Abul Hossain said...

Settling past gas deals with promptness and wisdom

2009-04-29 00:00:00

THE international oil companies selected for exploring gas in nine offshore blocks through an international bidding in February 2008 are now pressing the government to know about the fate of the lease contracts they were committed to be awarded by...

Saving city people from contaminated groundwater

2009-04-29 00:00:00

Syed Fattahul Alim Water and life are two interchangeable words in the world of the living. But this truism may not apply to the case of Buriganga, Sitalakkya, Balu and Turag rivers flowing past the capital city of Dhaka. One...

The scourge of forged certificates

2009-04-29 00:00:00

Fakrul AlamTHE Rapid Action Battalion (RAB) raided a house in Mirpur in the capital sometime back where a medical diploma training centre was set up five years ago on the basis of a forged authorisation from the health department. The...

Urgent plan for desilting the rivers

2009-04-29 00:00:00

MD Ashraf HossainGREEN house gas emission is warming up the earth and its climate is changing. As a consequence, natural calamities have become more frequent across the world. Frequency and severity of floods have increased in Bangladesh mani-fold in recent...

BEPZA's wrong move

2009-04-29 00:00:00

M. T. MadarWhile reading an article in the national daily recently I noted that Bangladesh Export Processing Zones Authority (BEPZA) has issued notices to the foreign investors who are building their factories at the Karnaphuli Export Processing Zone (EPZ).The article...

Stalling game denies captive power supply to the national grid

2009-04-29 00:00:00

WE are stunned from the appalling newspaper report that captive producer offer to sell 200mw surplus power to state distributors went unheeded as Power Development Board (PDB), Rural Electrification Board (REB) etc., are unwilling to buy citing " bureaucratic tangles"....

Sub-standard fertilisers harming Bangladesh

2009-04-29 00:00:00

THE unguarded border, since the weakening of the BDR, is facilitating the rampant smuggling of sub-standard fertilisers. As a result, poor quality SSP fertilisers are being marketed as TSP. Similarly, NNP is smuggled into Bangladesh under the label of DMP....

Outbreak of diarrhoea

2009-04-29 00:00:00

DIARRHOEA has broken out in many districts of the country.A newspaper report entitled, 'No let-up in diarrhoeal diseases' published on April 27 stated that diarrhoea outbreaks were reported from 48 districts of the country.Diarrhoea-affected patients are coming to the International...

Bashundhara Group to set up Tk 25b integrated steel plant

2009-04-29 00:00:00

Jasim Uddin Haroon A local company Tuesday disclosed that it will set up the country's first ever integrated steel plant at a cost of around Tk 25 billion to cater to the domestic demand for steel products.The Bashundhara Group said...

Shahjalal Bank to complete 8 years on May 10

2009-04-29 00:00:00

FE ReportShahjalal Islami Bank Limited is going to complete eight years of service on May 10."With a thrust on small and medium enterprises (SMEs), our bank has played a proactive role in the development of the country's economy, and now...

Call rate, dollar maintain steady level

2009-04-29 00:00:00

FE Report The inter-bank call money rate remained unchanged Tuesday in a very liquid market. US dollar was also stable against Bangladesh taka (BDT) in the inter-bank foreign exchange market because of steady demand for the greenback, fund managers said.The...

Alamgir, Ragib Ali reelected SEBL chairman, vice-chairman

2009-04-29 00:00:00

FE Report Alamgir Kabir and Ragib Ali have been reelected chairman and vice-chairman respectively of Southeast Bank Limited (SEBL) at the 328th board meeting Sunday, said a press release. Mr Alamgir, a professional senior chartered accountant, is experienced in auditing,...

EBL launches priority banking service in city

2009-04-29 00:00:00

FE Report Eastern Bank Limited (EBL) has launched priority banking to offer better service to its clients, said a press release.EBL Managing Director and Chief Executive Officer (CEO) Ali Reza Iftekhar formally launched the service by opening a priority banking...

RMG factories in Ctg facing closure due to power crisis

2009-04-29 00:00:00

Our CorrespondentCHITTAGONG, Apr 28: Around 25 readymade garment (RMG) factories here have been closed in the last few months due to power crisis.A survey conducted by Bangladesh Garment Manufacturers and Exporters' Association (BGMEA) Chittagong chapter on the impact of power...

Honda Motor posts Q4 loss on weak sales

2009-04-29 00:00:00

TOKYO, Apr 28 (AFP): Honda Motor Co. said Tuesday it lost 1.9-billion-dollars in the fourth quarter due to weak sales, but said it was hopeful the giant US car market might be over the worst of the slump.However, Japan's second-largest...

Swine flu continues to weigh on Asian shares

2009-04-29 00:00:00

HONG KONG, Apr 28 (AFP): Growing concerns about a possible swine flu pandemic continued to haunt Asian stock markets today, with airline and travel firms again at the sharp end of the sell-offs. TOKYO: Down 2.67 per cent. The Nikkei-225...