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City auto show bears testimony to versatility of local market

2009-03-21 00:00:00

Mehdi Musharraf Bhuiyan The growing dynamism and versatility of the country's automobile market, both in terms of items and buyers, are on display at the country's biggest auto show at the Bangladesh-China Friendship Conference Centre (BCFCC) in the city.Staged at...

Meltdown hits non-RMG exports hard

2009-03-21 00:00:00

Sheikh Shahariar ZamanExport of non-readymade garment (RMG) products has been plunging since October last when the global economic meltdown began to bite the industrialised countries, the biggest export destinations of Bangladeshi goods.During October-January, exports from major sectors including frozen foods,...

IOCs asked to tighten security in gas fields

2009-03-21 00:00:00

A Z M AnasThe government has asked foreign oil companies to tighten security in and around all operating gas fields located across the country, officials said Friday.They said the authorities of gas fields operated by international oil companies (IOCs) have...

Fresh move to import gas from Myanmar as it finds new field

2009-03-21 00:00:00

FHM Humayan KabirThe government is going to take a fresh move to import gas from Myanmar, which has recently discovered hydrocarbon reserve in the area close to Bangladesh border, officials said Friday."Indian company Essar Oil has recently discovered gas in...

Capital market fair fails to satiate investors' appetite

2009-03-21 00:00:00

FE ReportThe ongoing capital market fair has received a lukewarm response from market players. It has, however, attracted a large number of curious visitors. Only 12 out of around 250 brokerage houses and institutions are participating in the three-day fair,...

BDR carnage probe needs more time: Faruq

2009-03-21 00:00:00

Commerce Minister and Chief Coordinator of investigations of the carnage at BDR headquarters Lt Col (retd) Faruq Khan Friday said the government needs more time for fair investigation into the BDR tragedy, report UNB and BSS."The probe into the BDR...

Six killed in Ctg road accidents

2009-03-21 00:00:00

CHITTAGONG, March 20: Six including three of a family died in separate road accidents in different parts of the city and the district Thursday night and Friday, police and hospital sources said. The dead were Joynal Abedin (45), his wife...

Madhumoti Model Town remains illegal

2009-03-21 00:00:00

A High Court (HC) verdict declaring the Madhumoti Model Town project in Savar illegal has been upheld. A three-member bench of the Appellate Division, led by Chief Justice MM Ruhul Amin, upheld the verdict Thursday, also ordering the authorities concerned...

Profit eludes potato growers in N dists

2009-03-21 00:00:00

S M Jahangirback from northern districts Like the previous year, potato growers in the country's northern region have hardly benefited from their produce this year also due to multifarious factors. Higher cost of production and lower than expected level of...

Country's largest pvt container terminal gets going today

2009-03-21 00:00:00

FE Report Formal operation of KDS Logistic Ltd, the country's largest private container terminal, will start today (Saturday), KDS Group officials said. The private offdock has been built at Sonaichhari of Sitakunda in Chittagong.Shipping and Inland Water Transport Minister Dr...

Old Dhaka factories take brunt of power outages

2009-03-21 00:00:00

FE Report Mohammad Shahin is worried about the future of his small factory at East Islambagh in the old part of the city as production has been cut by almost half due to persisting power shortage. Sitting inside his tiny...

Dhaka stocks back on losing streak

2009-03-21 00:00:00

FE ReportDhaka stock prices were back on the losing streak in the week that ended Thursday after witnessing a bullish trend the previous week, but investors' participation increased.The market went into the negative territory in the week, caused by the...

Site selection delays building of Sylhet SEZ

2009-03-21 00:00:00

Mohammad Jubair HasanThe setting up of a Special Economic Zone (SEZ) in Sylhet has remained uncertain for long due mainly to delay in selection of a site by the government for this public-private partnership economic enclave. The Board of Investment...

Dhaka, Jakarta ink deal on money laundering

2009-03-21 00:00:00

FE Report Bangladesh and Indonesia have agreed to cooperate in the fight against money laundering and the funding of terrorism. The cooperation agreement was signed Monday last by Indonesia's Financial Transaction Reports Analysis Center (PPATK) head Yunus Husein and Md....

Worrying trends in industrial lending

2009-03-21 00:00:00

CERTAIN indicators that do not bode well for the growth of the economy are gradually becoming visible. The rate of disbursement of industrial credit by banks has reportedly dropped by 32 per cent in the second quarter of this fiscal...

Power sector : Searching the other better options

2009-03-21 00:00:00

Enayet Rasul BhuiyanPrime Minister (PM) Sheikh Hasina steered through a decision in her Cabinet recently which would mean immediate turning off of gas supply to two fertiliser plants in the country. But the production foregone from the two fertiliser plants...

Unabated menace of land grabbing

2009-03-21 00:00:00

Mohammad AliGRABBING public landed property has been the usual way of things for some people who are in a position to call the shots. Even private lands are forcibly occupied, fake documents are prepared and other official records are falsified...

Why do people behave so insensitively?

2009-03-21 00:00:00

The other day I saw a child servant (this is the only way I can describe it) although I would have preferred the description of child slave beaten savagely by the mistress of the house over a trifling matter. The...

Talkative and imaginative as well

2009-03-21 00:00:00

I have come to the conclusion that we Bengalis (or Bangladeshis if you like) are a talkative and argumentative race-if one can call us a race in anthropological terms that is. We love spinning stories, outlandish tales if it takes...

Divisional Public Library, Chittagong

2009-03-21 00:00:00

At the Divisional Public Library of Chittagong, adjacent to Muslim Institute, Nandankanan one can read the English and Bangla dailies and periodicals, besides many books.Only one copy for each paper is served there. So, when one keeps on reading a...

Need for reforming Post Office Act to legalise courier service

2009-03-21 00:00:00

Md. Mostaque HassanGOVERNMENT delivers postal services for the citizen through Post Office. This Post office was established by enacting a law called 'Post office Act 1898'. The Postal Act is more than a century year old law. With the evolution...

An iron-willed grassroots heroine

2009-03-21 00:00:00

Suroopa Mukherjee from Bhopal, India.The 2008 'Chingari Award for Women Against Corporate Crime' this year went to Dayamani Barla, the Jharkhand activist and torchbearer of the struggle for land rights of the displaced Munda tribe, to which she belongs. As...

Separate pay structure for teachers soon: Edn Minister

2009-03-21 00:00:00

Education Minister Nurul Islam Naheed Friday said the government would make a separate pay structure for the teachers and constitute a commission for appointment of the teachers to ensure technology-based quality education in the country, reports BSS. The Minister said...

Hurried formation of probe body against Sircar reflects ill motive of govt: Delwar

2009-03-21 00:00:00

BNP secretary general Khondoker Delwar Hossain Friday said formation of the parliamentary inquiry committee against former Speaker Barrister Zamir Uddin Sircar ahead of by-election was not a correct and logical decision, reports UNB.Talking to journalists at his Armanitola residence in...

Dutch minister cancels visit to Bangladesh

2009-03-21 00:00:00

Dutch Minister for Development Cooperation Bert Koenders has cancelled his visit to Bangladesh, scheduled for March 22-25, reports UNB."His presence in the Netherlands is needed because of urgent government consultations on how to deal with the global economic recession and...

PM visits Wazed Mia at Square Hospital

2009-03-21 00:00:00

Prime Minister Sheikh Hasina Friday went to Square Hospital to see her ailing husband Dr M Wazed Mia and inquired about his health and treatment, reports UNB.The Prime Minister stayed at the hospital for one and a half-hour from 10:30...

FFs urged to forge unity to resist conspiracies

2009-03-21 00:00:00

Post and Telecommunications Minister Razi Uddin Ahmed Razu Friday urged the freedom fighters to forge a strong unity among themselves, shunning all differences, to resist conspiracies by evil forces and build a prosperous Bangladesh, reports BSS.The Minister made the appeal...

Re-evaluation of foreign investment policy sought

2009-03-21 00:00:00

Jatiya Samajtantrik Dal (JSD) President Hasanul Haq Inu, MP Friday said the government should re-evaluate the foreign investment policy so that country's interest is not hampered, reports UNB.He also said it should be clear how the foreign investors would run...

Two extremists get 37-year RI

2009-03-21 00:00:00

JHENAIDAH, Mar 20 (BSS): Two extremists were sentenced to 37 years rigorous imprisonment (RI) each by a court here Thursday for possessing a firearm and ammunition. Judge of the Special Tribunal Rokeya Begum delivered the verdict in a crowded courtroom.Now...

Fate of Chittagong WASA's water supply project hangs in balance

2009-03-21 00:00:00

The fate of Chittagong WASA's Tk 9.62 billion (962.9 crore) 'Karnaphuli Water Supply Project' hangs in the balance due to complication over acquisition of 31 acres at Pomara in Rangunia Upazila of the district, reports UNB.Chittagong Water Supply and Sewerage...