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Mutiny suspects placed on seven-day remand

2009-03-05 00:00:00

A Dhaka court Wednesday remanded the alleged leader of the February 25-26 BDR mayhem Deputy Assistant Director (DAD) Touhidul Alam, and four others into CID custody for seven days, report UNB and bdnews24.com.The five, arrested by RAB the previous day,...

Slump in manpower export: some issues

Shahiduzzaman Khan | 2009-03-05 00:00:00

Manpower recruiting agents in Bangladesh are fearing a 50 per cent slump in the demand for migrant workers due to the on-going global economic crisis. It could lead to a corresponding slump in remittance earnings, which is a bad news...

ICB AMCL announces NAV of four Funds

2009-03-05 00:00:00

The authorities of ICB AMCL First Mutual Fund, ICB AMCL First NRB Mutual Fund, ICB AMCL Second NRB Mutual Fund and ICB AMCL Islamic Mutual Fund have announced the net asset value (NAV) of those Funs, said a press release.According...

Swadhinata KS hold City Utd

2009-03-05 00:00:00

Swadhinata KS played to a 1-1 draw with City United Club in a match of the Citycell Metropolis 3rd Division Football League at the Bir Shreshtha Shaheed Sepoy Mohammad Mostafa Kamal Stadium at Kamalapur in the city Wednesday, reports UNB.Mohammad...

corporatewatch

2009-03-05 00:00:00

SEC issues show-cause notices to cos, menThe Securities and Exchange Commission (SEC) has issued show-cause-cum-hearing notices to Maq Paper Industries Limited, Sajib Knitwear and Garments Limited, Maq Enterprises Limited, Excelsior Shoes Limited, CMC-Kamal Textile Mills Limited, Pharmaco International Limited, M...

BPC for 15pc cut in LPG, furnace oil prices

2009-03-05 00:00:00

The government is going to reduce the prices of liquefied petroleum gas (LPG) and furnace oil by 15 per cent, as the state-owned Bangladesh Petroleum Corporation (BPC) has already planned this moderate cut, reports UNB.Officials said BPC has proposed to...

Imran slams 'shameful' security for Sri Lankan squad

2009-03-05 00:00:00

LONDON, Mar 4 (AFP): Former Pakistan cricket captain Imran Khan told the BBC Tuesday the ambush on the Sri Lankan team in Lahore was one of the worst security failures ever seen in his country.Khan, who retired from cricket in...

Security threats facing country

Enayet Rasul Bhuiyan | 2009-03-05 00:00:00

The scenes of apparent calm in front of BDR's Peelkhana headquarters is deceptive. An ordinary passerby may find the prevailing normal traffic movement on the road in front of the headquarters as a sign of normalcy. But more informed people...

Coins scarcity in Sirajgonj

Our Correspondent | 2009-03-05 00:00:00

SIRAJGANJ, Mar 4: People of the district have been suffering for the want of coins and notes of small denominations for a long time.Serious shortage of smaller coins and notes all over the district including nine upazilas has made financial...

BDR revolt: Challenges ahead

Mohammad Shahidul Islam | 2009-03-05 00:00:00

THE surprise revolt by the soldiers of Bangladesh Rifles (BDR) has ended but not before it rattled a new government, which came to power only last month with a thumping majority, raising expectations of lasting stability. Although the expressed reason...

Internal buyers lend more support

FE Report | 2009-03-05 00:00:00

There was a stronger demand in the week for all varieties particularly the end of season types. Internal buyers lent more support particularly the Loose tea trade. Pakistan showed more interest for the plainest types. Dusts sold well at generally...

NCC Bank holds orientation course for new officers

FE Report | 2009-03-05 00:00:00

NCC Bank Training Institute organised an 'orientation course' for the newly recruited probationary officers of the bank in the city recently, said a press release.NCC Bank Chairman Tofazzal Hossain inaugurated the course as chief guest, while Managing Director of the...

DSE moves in to control junk wheeler-dealers

FE Report | 2009-03-05 00:00:00

The Dhaka Stock Exchange (DSE) will go tough on worst performing shares to put a lid on their abnormal price rise.The prime bourse has taken a set of measures including exclusion of Z-category companies from the top ten gainers' list,...

Govt mulling over 'Competition Act'

FE Report | 2009-03-05 00:00:00

The government is considering enacting a 'Competition Act', aiming to help increase competitiveness among businesses so that they offer quality goods and services at fair prices.One of the main objectives of the proposed act is that although prices and quality...

Chevron gets Petrobangla nod this week on Block-7 survey

A Z M Anas | 2009-03-05 00:00:00

The state corporation Petrobangla will approve this week Chevron Corp's 2009 capital investment plan as the American company looks to conduct a seismic survey in the Southwestern region, officials said Tuesday.The second largest US oil group said it would put...

BJSA concerned at fall in jute goods' demand, prices abroad

FE Report | 2009-03-05 00:00:00

Bangladesh Jute Spinners Association (BJSA) voiced Wednesday their deep concern over the downward trends of both demand and prices of local jute goods in the export markets against the backdrop of the global financial meltdown.The apex body of the local...

Norway hails PM, Govt for quick, peaceful solution to BDR crisis

2009-03-05 00:00:00

The government of Norway has praised Prime Minister (PM) Sheikh Hasina and the government for "quick and peaceful" solution to the February 25-26 crisis in BDR headquarters at Pilkhana, reports UNB.Ambassador of Norway in Dhaka Ingebjorg Stofring during a meeting...

'Chartered secretaries act' to be enacted

FE Report | 2009-03-05 00:00:00

The parliament will hopefully enact the 'chartered secretaries act' in its next session paving the way to develop the corporate management in the country.Commerce minister Mohammad Faruk Khan disclosed this Tuesday when a delegation of Institute of Chartered Secretaries and...

Hearing on 5th amendment suspended

2009-03-05 00:00:00

The Supreme Court (SC) has suspended for four weeks hearing of an appeal against a High Court (HC) verdict that declared the fifth amendment to the Constitution illegal, reports bdnews24.com.A full five-strong bench of the Appellate Division, led by the...

Delhi 2010 Games to 'go ahead'

2009-03-05 00:00:00

SYDNEY, Mar 4 (AFP): Australia's Commonwealth Games chief said Wednesday there was no reason to call off the 2010 Delhi Games in the wake of an attack on Sri Lanka's cricket team in Pakistan.At least eight people died and seven...

Info on BDR mutineers sought

2009-03-05 00:00:00

People have been requested to inform the Army Headquarters control room, apart from the nearest police station, about the runaway BDR rebels from the Bangladesh Rifles Headquarters and different camps, reports agencies."Confidentiality of the informers will be protected," said an...

Price of rice down; edible oil, chicken high in Tangail

Our correspondent | 2009-03-05 00:00:00

TANGAIL, Mar 4: Price of rice came down while other essential commodities like edible oil, chicken, eggs, pulses and sugar were maintaining a high trend in the district over the last two weeks.While visiting different markets of the district, this...

BB purchases $17m more from five PCBs to keep market stable

FE Report | 2009-03-05 00:00:00

The central bank purchased $17 million more Wednesday from five private commercial banks (PCBs) to keep the interbank foreign exchange market stable.'We've bought the US dollars from the PCBs at Tk 68.92 per unit to help the banks comply with...

Carnage at BDR HQs: many unanswered questions

Shama Obaed | 2009-03-05 00:00:00

After a democratic government has been elected in the country and the countrymen were becoming optimistic about country's future, this dreadful and disastrous event that took place on the 25th of February at the BDR headquarters in Pilkhana is totally...

IBCF reelects chairman

2009-03-05 00:00:00

Chairman of the board of directors of Islami Bank Bangladesh Limited (IBBL) Prof Abu Nasser Muhammad Abduz Zaher has been re-elected chairman of the Islamic Banks Consultative Forum (IBCF) for the next year while Chairman of the board of directors...

Call rate steady, dollar gains ground

FE Report | 2009-03-05 00:00:00

The inter-bank call money rate was steady Wednesday due to injection of fresh cash into market through repurchase agreement (repo). The US dollar, however, gained ground against Bangladesh taka (BDT) in the inter-bank foreign exchange market because of pressure on...

Abu Yusuf new VC of CU

Our Correspondent | 2009-03-05 00:00:00

CHITTAGONG, Mar 04: Dr Abu Yusuf Alam, professor of the department of Islamic History and Culture, has been appointed new Vice-Chancellor of Chittagong University (CU).Dr Abu Yusuf has replaced preceding VC Prof Badiul Alam.Dr Alauddin, professor of the department of...

Nestl

FE Report | 2009-03-05 00:00:00

Nestl

Lenders pull back from financing global merchandise trade

From Fazle Rashid | 2009-03-05 00:00:00

NEW YORK, March 4: The global merchandise trade is worth $13.6 billion dollar. And at the best of times banks used to finance upto 90 per cent of the trade. Lenders pulled back sharply when the credit crunch hit the...

Myanmar to auction some state-owned business undertakings in Yangon

2009-03-05 00:00:00

YANGON, Mar 4 (Xinhua): The Yangon municipal authorities of Myanmar will hold auction of rental options on some state-owned business undertakings and tender of some old- aged state-owned vehicles in the former capital in the second week of this month,...