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Law Minister leaves for Tehran

2009-04-21 00:00:00

Law, Justice and Parliamentary Affairs Minister Barrister Shafique Ahmed left Dhaka Monday for Tehran to attend a seminar of prominent international lawyers, reports UNB.The two-day 'Conference of the Muslim Countries' prosecutors with participation of prominent international lawyers on consideration of...

94 junior attorneys appointed

2009-04-21 00:00:00

The government Monday appointed 94 junior attorneys, including 24 female, to the Attorney General Office to help dispose of both criminal and civil cases facing by the government in higher courts, reports UNB.With the appointment of these 94 junior attorneys,...

Foreign investment suffers blow as BEPZA suspends land allotment to 14 companies

2009-04-21 00:00:00

Sheikh Shahariar ZamanForeign investment in Bangladesh suffered a big blow after the authorities have ordered investors to suspend construction of plants in a 60-acre of land at the country's newest Karnaphuli Export Processing Zone. The order issued late last month...

Govt decides to revise public procurement rules

2009-04-21 00:00:00

FHM Humayan KabirThe government has decided to revise its loan procurement rules after different executing agencies said some of the existing provisions in the guidelines hamper implementation of development projects, officials said Monday."We've sought opinions from different government agencies on...

Banks asked to reschedule poultry loans without down-payment

2009-04-21 00:00:00

Siddique Islam The central bank has asked eight state-owned commercial banks and financial institutions to reschedule classified loans outstanding with the poultry farmers without any down payment. The banks and financial institutions have been instructed that the poultry sector loans...

Gen Moeen resigns as NSC chief

2009-04-21 00:00:00

Gen Moeen U Ahmed has resigned as chairman of National Sports Council (NSC) amid controversy over a football sponsorship deal, report UNB and bdnews24.com. "The army chief sent his resignation letter citing personal reasons to the sports ministry," Bangladesh Olympic...

Dhaka stocks rise sharply

2009-04-21 00:00:00

FE ReportDhaka stocks rose sharply Monday, finishing their sixth straight session of gains, pushed by the banks, non-banking financial institutions (NBFIs) and insurance issues. The DSE General Index (DGEN) - the benchmark index- finished at 2653.09 with a gain of...

Muhith hints at giving cash incentive to spinning sector

2009-04-21 00:00:00

Finance Minister AMA Muhith Monday indicated that he might consider cash incentive for spinning sub-sector as it has been affected by the global recession, reports UNB."The yarn sub-sector has suffered... I've overlooked it. It's a mistake," he told reporters at...

BTMA dismayed as textile sector remains neglected

2009-04-21 00:00:00

FE Report Bangladesh Textile Mills Association (BTMA) has expressed dismay over leaving the textile sector out of government bailout package and sought immediate cash incentives to help it survive the global financial crisis.BTMA leaders said this Monday at a press...

Travel trade in jeopardy as manpower export falls

2009-04-21 00:00:00

FE ReportPrime Minister Sheikh Hasina's travel to Saudi Arabia yesterday (Monday) evening on a four-day official visit is likely to bolster export of manpower to the kingdom anew, travel agents hoped.Expecting all issues related to recruiting from Bangladesh to be...

Cairn to get nod for third-party gas sale

2009-04-21 00:00:00

Petrobangla will soon give the go-ahead to Scottish exploration company Cairn Energy to sell any gas finding in Magnama and Hatia to a third party, the state-owned oil and gas exploration authority's chief has said, reports bdnews24.com. Cairn had proposed...

Khaleda gets notice to vacate her cantt house

2009-04-21 00:00:00

Former Prime Minister and BNP Chairperson Khaleda Zia was served notice Monday to vacate her lease-hold residence inside Dhaka Cantonment, in the face of protests by her party against the government move. The Military Estate Office issued the notice in...

Justice Rashid made Law Commission chairman

2009-04-21 00:00:00

The government appointed Monday Justice MA Rashid, a retired judge of the High Court (HC), chairman of the Law Commission for three years, said an official announcement. Justice Rashid retired on January 27 this year. This is for the first...

Garment workers blockade highway

2009-04-21 00:00:00

Garment workers blockaded the Dhaka-Tangail Highway in Gazipur for one and a half hours Monday morning protesting the killing of a fellow worker in a road accident. The deceased was identified as Hashu (24), son of Hafezuddin of Baghra village...

Officials meet today to mitigate crisis

2009-04-21 00:00:00

The power ministry convened a meeting for today (Tuesday) to evolve strategies for mitigating the nagging electricity crisis, reports UNB.All the top officials of the entities in the power sector have been asked to attend the meeting at 11am in...

Biman to launch first int’l routes after 14 years

2009-04-21 00:00:00

A Z M AnasBiman will fly to two new destinations after a gap of 14 years as it flexes its muscle to win back its fast-losing dominance in the country's aviation market, officials said Monday. The national airliner will start...

People heave a sigh of relief as Bijli spares country

2009-04-21 00:00:00

FE ReportCHITTAGONG, April 20: Unwrapping plastic tent from his road-side shop, Mohammad thanked Allah for sapping the steam out of Cyclone Bijli that hit Bangladesh's southern coast causing limited damage."When the high wind began I heard from radio that the...

Jute spinners hail stimulus package

2009-04-21 00:00:00

FE ReportLocal jute spinners have hailed the Tk 34.24-billion interim stimulus package, under which cash support has been raised to 10 per cent against export of jute goods.Finance Minister AMA Muhith announced the incentive package for April-June period of the...

IMF to cut global forecast, sees 2010 recovery

2009-04-21 00:00:00

BERLIN, Apr 20 (Reuters): The International Monetary Fund's (IMF's) Managing Director Dominique Strauss-Kahn was quoted on Sunday as saying the IMF would cut its global economic forecasts in the coming week and that he expected a recovery to start in...

Over 1.0b people going hungry every day across the globe

2009-04-21 00:00:00

From Fazle RashidNEW YORK, Apr 20: The agriculture ministers from G8 nations meeting in Italy to review the global food crisis were told by the UN that more than 1.0 billion people across the globe are going hungry every day...

Govt may lose Tk 10b in revenue from tobacco sector

2009-04-21 00:00:00

The government appears to lose in revenue over billions of Taka from the cigarette sector in the current fiscal year for lack of manpower in the Security Printing Corporation (SPC) Bangladesh Ltd, reports UNB.The Security Printing Corporation has been suffering...

Fund mobilization for research on cervical & breast cancer stressed

2009-04-21 00:00:00

FE ReportSpeakers at a discussion meeting in the city Monday stressed the need for resource mobilisation for conducting research and raising awareness about cervical and breast cancer amid growing prevalence of the diseases in the country.At the same time, they...

Business reforms

2009-04-20 00:00:00

Notwithstanding what a participant speaker in a seminar on business reforms on Friday underlined to be the greatest problem in the realm of businesses in Bangladesh today, the severe shortfall of energy in relation to demand, the facts are that...

Consumers' rights protection: New weapon in government's armoury

2009-04-20 00:00:00

Shamsul Huq ZahidThe national parliament on the first day of the current month passed the much awaited Consumers' Rights Protection Act 2009. Though it is yet to be seen how the provisions of the new law are enforced to protect...

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...