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Dhaka Bank launches new savings tool

FE Report | 2009-03-09 00:00:00

Dhaka Bank Limited Sunday launched a new product, Bundled Savings Account, offering its customers attractive interest rate and transparent services.The bank announced it at a 'meet the press' programme organised at a city hotel.It will provide attractive interest on a...

AIUB convocation to be held today

2009-03-09 00:00:00

The 9th convocation of the American International University Bangladesh (AIUB) will be held today (Monday) at 10:30 am at the Bangladesh China Friendship Convention centre in the city, said a press release.President Zillur Rahman will preside over the ceremony and...

Automobile workshop zone to be set up with modern facilities

2009-03-09 00:00:00

The government plans to set up an 'Automobile Workshop Zone' with modern facilities in the capital city to ensure quality services to clients apart from easing traffic congestion in city to some extent, reports UNB.Some 327 automobile workshops, including a...

Govt ditches LIBOR-based payment system to secure $900m IDB credit

M Azizur Rahman | 2009-03-09 00:00:00

The country will receive US$900 million credit facility from the Jeddah-based Islamic Development Bank (IDB) at an interest rate of six per cent to finance fuel import from the international market, officials said Sunday.The government's hard-term loan committee, headed by...

Gloom and doom on East European economies

2009-03-09 00:00:00

PRAGUE, March 8 (AFP): The economic gloom hanging over central and eastern Europe has set alarm bells ringing among credit rating agencies, analysts and international bodies.The negative comments have sparked anger in the region, where leaders fear that they could...

Bashir makes defiant Darfur tour

2009-03-09 00:00:00

EL FASHER, Sudan, Mar 8 (Reuters): Sudanese President Omar Hassan al-Bashir flew into Darfur Sunday to rally supporters in defiance of growing international criticism of his closure of 16 aid groups.Sudan expelled 13 foreign aid groups and shut down three...

Obama sees 'pillars' of recovery in place this year

2009-03-09 00:00:00

WASHINGTON, March 8 (AFP): President Barack Obama expects to have "all the pillars in place" this year for a US economic recovery while avoiding the need for new bailout funds for struggling financial firms, he said in an interview published...

India sanctions $15.2m for 2010 Games security

2009-03-09 00:00:00

MUMBAI, Mar 8 (Reuters): The India government has sanctioned 782.6 million rupees ($15.2 million) to beef up security at the Commonwealth Games in New Delhi next year."A total of 782.6 million rupees (78.26 crore rupees) has been sanctioned to the...

$ 3.0m investment in Karnaphuli EPZ by local co

2009-03-09 00:00:00

Resource Foam and Accessories, a Bangladeshi company will set up a foam, garments and shoe accessories industry in the Karnaphuli Export Processing Zone, says a press release.This 100 per cent local-owned company will invest $ 3.010 million in setting up...

New lists of beneficiaries under social safety nets in the offing

2009-03-09 00:00:00

A high-powered government committee on old age allowances decided Sunday to prepare new lists of beneficiaries to be covered in the next budget under the government's social safety net programmes, reports UNB."The previous lists were prepared on political consideration," Social...

Let's unite

2009-03-09 00:00:00

The 10th of March -- the 12th of Rabiul Awal -- is an important day for Muslims. This day our Prophet (sm) was born and he left the world also on the same date. Bangladesh is a country where about...

Understanding the change we need

Mahmud Hussain | 2009-03-09 00:00:00

In 2008, the USA made history making 'change' by electing Barack Obama. We Bangladeshis have also made quite a history, and overwhelmingly given our mandate to one party and supported its key message of 'change'. It is thought that just...

Wrong time for Pak series

Abul Kashem | 2009-03-09 00:00:00

It was a good thing that the Pakistani cricket tour of Bangladesh was deferred to another future date. As it is this is the month of March. In 1971 this was a momentous month and it has become a very...

Need for time befitting climate change strategy stressed

2009-03-09 00:00:00

Planning Minister Air Vice Marshal (retd) AK Khandoker Sunday underscored the need for a time befitting climate change strategy and action plan to ensure food, water, energy and livelihood securities endangered by global climate change, reports BSS.He was chairing the...

Sobhan made new home secretary

2009-03-09 00:00:00

Abdus Sobhan Sikdar has replaced Abdul Karim as home secretary, reports BSS.Five other secretaries and five additional secretaries have also been moved, the government announced on Sunday.Karim will go to the Bridges Division. Sikdar will leave shipping, where an additional...

Energy crisis: Use of coal should be top priority

Shamsul Huq Zahid | 2009-03-09 00:00:00

The Petrobangla, the state-owned oil and gas entity, might soon suggest the government to allow the import of liquefied natural gas (LNG) by the private sector to help offset the energy crisis which might soon become unmanageable, particularly in the...

Malaysia to unveil new economic stimulus plan

2009-03-09 00:00:00

KUALA LUMPUR, March 8 (AFP): Malaysia will this week unveil a second stimulus plan worth up to 9.4 billion dollars in a bid to prevent its export-driven economy sliding into recession, a government official said.Finance minister Najib Razak, who is...

JS body assures smooth supply of electricity for irrigation

2009-03-09 00:00:00

JS body assures smooth supply of electricity for irrigationThe government will take steps for ensuring smooth supply of electricity from 11 PM to 8 AM in irrigation projects, said a JS press release in the city Sunday.The first meeting of...

Ponting, Hughes propel Aussies

2009-03-09 00:00:00

Tea Australia 352 and 203 for 1 (Hughes 86*, Ponting 78*) lead South Africa 138 (Duminy 73*, Johnson 3-25) by 417 runsRicky Ponting was said to be presiding over a crumbling empire prior to this series, but the walls of...

Jamat urges all to refrain from blaming each other on BDR revolt

2009-03-09 00:00:00

Leaders of Bangladesh Jamaat-e-Islami (BJI) Sunday urged all to refrain from blaming each other before submitting probe reports on the BDR revolt and the gruesome killing of army officials at Pilkhana, reports BSS.The BJI leader said the government leaders should...

Global slowdown hurts Vietnam's poorest

2009-03-09 00:00:00

HO CHI MINH CITY, March 8 (AFP): Selling corn on a pavement in Vietnam's Ho Chi Minh City may be a world away from Wall Street or London's Square Mile, but Le Thi Hoa says she too has been hit...

Beckham confirms Milan switch

2009-03-09 00:00:00

LOS ANGELES, Mar 8 (AFP): David Beckham Sunday confirmed a deal has been agreed between AC Milan and Los Angeles Galaxy that enables him to stay in Italy until the end of the season.Beckham's current loan deal from the Major...

Banking issues pull stock market up

FE Report | 2009-03-09 00:00:00

Dhaka stocks rose sharply Sunday on anticipation that the banks, the bellwether of the market, might declare healthy dividends.Trading at the Dhaka Sock Exchange (DSE) opened in an upbeat mood at the very outset and the trend continued until end...

Chevron to hunt gas in Block 7 in Apr as govt okays $53m investment plan

A Z M Anas | 2009-03-09 00:00:00

International oil giant Chevron would launch gas exploration activities in hydrocarbon-rich southern Bangladesh next month after state-run Petrobangla endorsed its plan to invest US$53 million in new discoveries, officials said Sunday.The second largest US oil company, which accounts for some...

Significant foreign investment in construction sector likely

2009-03-09 00:00:00

The international leaders have expressed their commitment to promote use of environment friendly materials in construction across the globe to present greener world for the posterity, reports BSS."At the end of our three-day high level Convention of International Federation of...

Change attitude towards Pakistan, Musharraf tells India

2009-03-09 00:00:00

NEW DELHI, Mar 8 (Reuters): India and Pakistan must change the way they treat each other and bury a "dirty past" to tackle growing militancy in the region together, Pakistan's former President Pervez Musharraf said Saturday."The past has been dirty,...

Challenged women want representation in governance

2009-03-09 00:00:00

RANGPUR, Mar 8 (BSS): The physically challenged women have demanded their representation at all tiers of governance from the union parishad to the national parliament.They made the demands in separate programmes including a press conference and human chain formation organised...

Meltdown-hit export sectors to get spl incentives in a month

FE Report | 2009-03-09 00:00:00

Finance Minister AMA Muhith said Sunday the government will come up with a special incentive package for the global financial meltdown-hit export sectors within a month."An incentive package will soon be announced for the sectors that are affected by the...

Khaleda denies having mutiny evidence

2009-03-09 00:00:00

Opposition leader Khaleda Zia has denied having any evidence on last month's BDR bloodbath, a day after Prime Minister Sheikh Hasina asked her to give the investigators the proofs, reports bdnews24.com."I have never said I have any evidence [on BDR...

Asia needs to spend more to limit economic slide

2009-03-09 00:00:00

SINGAPORE, March 8 (AFP): Asian governments need to roll out fresh stimulus measures to stop their economies from sinking further as the region reels from collapsing exports, regional analysts said.A calculation by AFP showed Asia has unveiled spending measures worth...