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The significance of flawless statistics

2009-04-20 00:00:00

A K M FeisalIT is supremely important to ensure the accuracy and reliability of statistics. For example, for the official population control programme to provide the desired results, it would be essential to have correct statistics to adopt the strategy...

Desperate for power

2009-04-20 00:00:00

LIFE without electricity continues to be the fate of Bangladeshis. Cooling fans do not whir overhead during these scorching summer days, foods in refrigerators rot from long periods of power turn-offs, examinees cannot study peacefully for their vital exams as...

Save the Rakhaines from the land-grabbers

2009-04-20 00:00:00

THIS is our dearest mother land. Where shall we go leaving this country? We want to live and die in our dearest Bangladesh, our dearest mother land. But, we the Buddhist Rakhaines are coming under attack by the Muslim fundamentalist...

Cash incentives for jute, leather, frozen food exporters enhanced by 2.5pc

2009-04-20 00:00:00

FE ReportFinance Minister AMA Muhith announced Sunday the much-talked-about interim package of fiscal and policy supports for the country's agiculture, power and export sectors to help ward off immediate effects of the ongoing global recession. An additional allocation Tk 34.24...

Budget to focus on protecting domestic industries, says PM

2009-04-20 00:00:00

Prime Minister Sheikh Hasina Sunday said the upcoming national budget will focus on raising the purchasing capacity of the commoners and protecting domestic industries as two cardinal economic priorities of her new government in the present perspective, reports UNB."Saturday we...

Package won't fulfill demands of affected sectors: Trade bodies

2009-04-20 00:00:00

FE Report Country's leading trade bodies expressed Sunday their cautious reaction to the government's incentive package, saying that it would not fulfill the demands of the sectors said to be affected by the ongoing global recession. "The government declared a...

Hasina leaves for Riyadh today

2009-04-20 00:00:00

Prime Minister Sheikh Hasina leaves for Riyadh today (Monday) on a five-day official visit when she will meet Saudi King Abdullah bin Abdul Aziz al Saud and perform Umrah hajj at holy Makkah, reports UNB.This will be Hasina's first trip...

Exports, remittances are most vulnerable to recession: WB

2009-04-20 00:00:00

FE ReportThe World Bank, warning of Bangladesh's vulnerability to the second-round effects of the global crisis, has said a downward spiral of exports and remittances could lead the economy to a lower growth path."As the global crisis worsens, Bangladesh becomes...

Indices up though most shares fall

2009-04-20 00:00:00

FE ReportDhaka stocks continued to rally for the fifth straight session led by banks Sunday. However most of the share prices of the companies dropped. Indices at the Dhaka Stock Exchange (DSE) started with an upbeat mood but witnessed a...

BB circulars on interest ceiling, loan rescheduling

2009-04-20 00:00:00

Siddique Islam The central bank of Bangladesh has asked the commercial banks to fix the interest ceiling on lending in five specific areas at 13 per cent to help mitigate the impact of the ongoing global economic meltdown. Bankers said...

Prime Bank to float Mutual Fund soon

2009-04-20 00:00:00

Kayes M SohelA mutual fund worth Tk 1.0 billion, sponsored by Prime Bank Ltd, is expected to be floated soon to help broaden the depth of the market.The Prime Bank is the latest among the private commercial banks (PCBs) planning...

Petrobangla chairman removed

2009-04-20 00:00:00

Petrobangla chairman Jalal Ahmed has been replaced, and his service has been placed under the Establishment Ministry for next posting. Petrobangla director (PSC) Major (retd) Muktadir Ali has been made acting chairman of the state-run petroleum corporation. Jalal is a...

NU degree exams on May 12

2009-04-20 00:00:00

Degree pass, subsidiary and certificate course examinations - 2008 under National University (NU) will begin across the country on May 12. Detailed schedule of the examination is available at colleges and at the NU website - www.nu.edu.bd. — FE Report

BUET 3,801st in world ranking

2009-04-20 00:00:00

Bangladesh University of Engineering and Technology (BUET), now ranks 3,801st. Webometrics Ranking of World Universities, an initiative of the Cybermetrics Lab, a research group belonging to the Spain-based Consejo Superior de Investigaciones Científicas (CSIC), put BUET at the 3,801st position...

Two dead as truck ploughs into tea-stall

2009-04-20 00:00:00

Two people were killed and at least five injured when a truck veered of the Beribadh Road at Nababerbagh roundabout on Sunday afternoon. Shah Ali police station's officer-in-charge Zakir Hossain Molla said the accident took place when a timber-laden truck...

JS body questions minister's car purchase move

2009-04-20 00:00:00

A parliamentary committee Sunday questioned Communications Minister Syed Abul Hossain's move to buy a luxury car costing over Tk 10 million for his official use, reports bdnews24.com. The parliamentary standing committee on communications at a meeting also summoned former communication...

Three murdered in separate incidents in city

2009-04-20 00:00:00

Three people, including a woman, were murdered in the city's Sabujbagh and Gulshan areas on Saturday night, reports UNB.The victims were identified as Shah Ali, (45), son of late Siraj Ali of 145 South Mugda, Rokeya Begum, (45), wife of...

Package to bring positive result in long-run, says BIDS DG

2009-04-20 00:00:00

FE ReportThe Tk 34.24 billion stimulus package would bring positive result in the long-run, said Bangladesh Institute of Development Studies (BIDS) director general Dr Mustafa Kamal Mujeri in his reaction to the government measures to face the ongoing global crisis."An...

Govt to make BBBF an effective body

2009-04-20 00:00:00

The government took stock of the activities of Bangladesh Better Business Forum (BBBF) Sunday, aiming to strengthen the high-powered body for boosting the country's trade, industry and the economy, reports UNB.Finance Minister AMA Muhith chaired the meeting, attended by almost...

Construction of Padma Bridge begins soon, JS body told

2009-04-20 00:00:00

Construction work of the much-awaited Padma Bridge will begin soon, as preparation of detailed design of the bridge over the mighty river Padma is going on in full-swing, reports BSS.This was informed to the Parliamentary Standing Committee on the Ministry...

Parliamentary team from Indonesia arrives today

2009-04-20 00:00:00

FE ReportA six-member parliamentary group from Indonesia comprising delegates from both the country's government coalition as well as the opposition is due to arrive in the city today (Monday). The delegation, representing the "Group of Bilateral Cooperation of the House...

Ctg Chemical Complex reopens April 24

2009-04-20 00:00:00

Industries Minister Dilip Barua on Sunday said the government would reopen the Chittagong Chemical Complex (CCC) on April 24, as part of its plan to reopen all mills and factories closed down by the previous governments, reports UNB.He mentioned that...

World lags on poverty goals, food security key: G8

2009-04-20 00:00:00

CISON DI VALMARINO,Apr 19 (Reuters):- Poor progress in tackling poverty and problems in balancing supply and demand mean fears about how to feed the developing world will persist, a draft G8 farm ministers' paper said on Sunday. The world is...

One breadwinner in every home is not a pipedream

2009-04-20 00:00:00

Maswood Alam KhanIt is lamentable that many commentators and critics imprudently make funny caricatures of a commitment some candidates of the party-in-power had spoken about in their election campaigns that they would ensure creation of at least one job in...

Disaster recovery ability of banks

2009-04-20 00:00:00

Imran Ahmed, FCA, CISAIN recent past a story about hacking of Rab Website by four IT students of a private technology institute in the city's Mirpur created fresh concern among the general citizens. The story further says that recently those...

Can Doha Round lead world economy out of crisis?

2009-04-20 00:00:00

BOAO, (Hainan), April 19 (Xinhua): The global financial crisis may provide new opportunities for the Doha Round trade talks, but the time- consuming negotiation and recent trend of protectionism have added to the uncertainties. In a panel discussion "Doha Round:...

Indian PM says poverty battle hit by world downturn

2009-04-20 00:00:00

GUWAHATI, (India), April 19, (AFP): India's prime minister, campaigning during the ongoing general election, today blamed developed countries for the global recession that has damaged his efforts to tackle dire poverty. Manmohan Singh, touring India's poor northeast, said the international...

Britain set for crunch recession budget

2009-04-20 00:00:00

LONDON, April 19 (AFP): Britain will unveil a recession- fighting budget this week, seen as vital for Prime Minister Gordon Brown as he struggles to boost his flagging fortunes ahead of a likely election next year. Finance minister Alistair Darling...

German 'bad bank' plan an election headache for Merkel

2009-04-20 00:00:00

BERLIN, April 19 (AFP): German Chancellor Angela Merkel will hold a crunch meeting Tuesday to thrash out a plan to remove "toxic" assets from banks-an issue that has become a political hot potato with an election looming. Politicians are torn...

Asian carriers shaken by plunge in premium travel

2009-04-20 00:00:00

SINGAPORE, April 19 (AFP): Casey Chan used to fly business class every other month to oversee his company's electronics factory in China until late last year, when orders from Western buyers suddenly started drying up. His employer, a Singapore-based multinational...