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Move to ascertain actual gas reserve in five fields

2009-04-17 00:00:00

FHM Humayan KabirState-owned gas field companies will begin survey in October next in five operative gas fields to ascertain actual hydrocarbon reserves and identify dispersion of structures aiming at boost gas production, officials said Thursday.Bangladesh Gas Fields Company Ltd. (BGFCL)...

Dhaka stocks post slight gain

2009-04-17 00:00:00

FE ReportDhaka stocks gained for the fourth straight session in a slightly fluctuating market Thursday, with a continued increase of the turnover. The Dhaka Stock Exchange (DSE) opened on a positive note but trimmed early gains of 25 points later...

Incentive package Sunday against recession: Muhith

2009-04-17 00:00:00

FE ReportFinance Minister AMA Muhith has said the government will announce a 'temporary' incentive next Sunday for helping different sectors mitigate their immediate problems due to the impact of the global meltdown, while main stimulus package will be incorporated in...

Charges framed against Mufti Hannan, 13 others

2009-04-17 00:00:00

Eight years after the bloody bombing at the Ramna Batamul during Bangla New Year's celebrations, a Dhaka court framed charges against banned Islamist outfit chief Mufti Hannan and 13 others Thursday, reports bdnews24.com. Charges of the twin cases, for murder...

Cabinet approves ICT law, OIC charter

2009-04-17 00:00:00

The Cabinet approved Thursday a new ICT law and the new OIC charter, the Prime Minister's Press Secretary Abul Kalam Azad told reporters. He said the Information and Communications Technology (Amendment) Act 2009 aimed at providing legal validity to information...

Another BDR man dies

2009-04-17 00:00:00

Another BDR man died of heart attack at the Dhaka Medical College Hospital early Thursday. The dead was identified as Kazi Saidur Rahman (43), habildar of 13 Rifles Battalion. He hailed from Harinakundu Upazila of Jhenidah district. Pilkhana sources said...

Over 2000 chickens culled in Savar

2009-04-17 00:00:00

SAVAR, Apr 16: Over 2000 chickens were culled in a poultry farm here Wednesday night following detection of bird flu. Sources at the Upazila Veterinary Hospital said some chickens died at the poultry farm of Shahjahan Chowdhury in Rajashan Ghasmahal...

Cell phone subscribers' base rises by 0.54m last month

2009-04-17 00:00:00

FE ReportThe country's mobile phone subscriber base has increased by 0.54 million new users last month, sources in Bangladesh Telecommunications Regulatory Commission (BTRC) revealed recently, taking the total to 45.75 million at the end of March this year.The total number...

Govt mulls framing furniture industry policy: Faruk

2009-04-17 00:00:00

FE ReportCommerce Minister Muhammad Faruk Khan Thursday insisted that the country should not continue importing goods in which it is self-sufficient."We have to protect the local products," he said while speaking at the inaugural ceremony of '6th National Furniture Fair...

BPO extends spl mailing service to thana level

2009-04-17 00:00:00

FE ReportBangladesh Post Office (BPO) has extended its special mailing service to the thana level across the country with effect from Tuesday last.Guaranteed Express Post (GEP), a special mailing service of BPO, will provide swift service as per customers' demand,...

China is not manipulating its currency, says US

2009-04-17 00:00:00

From Fazle RashidNEW YORK, April 16: The United States reneged on its earlier stand of China manipulating its currency to gain an edge in global trade. Washington, since the days of George Bush, has been persistently accusing Beijing for currency...

Cyclonic storm 'Bijli' moves northwards

2009-04-17 00:00:00

A cyclonic storm codenamed 'Bijli' formed over the west-central and adjoining east-central Bay and moved slightly northwards Thursday afternoon, packing a wind speed of up to 80 kilometres per hour, reports UNB.A latest special bulletin of the Met Office said...

Khaleda to get notice next week to vacate cantt house

2009-04-17 00:00:00

State Minister for Law Adv Qamrul Islam Thursday said opposition leader Khaleda Zia would receive notice within next week to vacate her house at 6 Mainul Road inside Dhaka Cantonment, reports UNB."Process of serving notice by the cantonment board has...

45 students, four teachers expelled on first day of HSC exams

2009-04-17 00:00:00

DU Correspondent At least 45 examinees and four teachers were expelled for adopting unfair means on the first day of the Higher Secondary Certificate (HSC), Alim and HSC Business Management (BM) examinations-2009 across the country Thursday.Of the expelled, four examinees...

DCCI budget proposals handed over to NBR

2009-04-17 00:00:00

FE ReportDhaka Chamber of Commerce and Industry (DCCI) Thursday handed over its recommendations for the proposed national budget of the fiscal year 2009-10 to the National Board of Revenue (NBR). DCCI recommended giving opportunity to invest undisclosed income in the...

Correction

2009-04-17 00:00:00

The name of one of the writers of the news analysis headlined 'Black money and investment' published in yesterday's (Thursday) issue of this paper should be read as M. A. Taslim in place of M. A. Taslim Ahmed. The inadvertent...

Work for elevated expressway from Gazipur to N'ganj starts this year: PM

2009-04-16 00:00:00

Prime Minister Sheikh Hasina said Wednesday the construction work for an elevated expressway from Gazipur to Narayanganj via Tongi for removing traffic jam from the capital will start this year, reports BSS.The Prime Minister revealed her government's plan for building...

Hasina warns BCL leaders against campus violence

2009-04-16 00:00:00

DU CorrespondentPrime Minister Sheikh Hasina has warned Bangladesh Chhatra League (BCL) leaders and activists of stern action, even five years in jail, if found involved in creating chaos on campuses. The Prime Minister gave the warning when a 35-member BCL...

BNP urges govt to go to court for resolving Khaleda's residence issue

2009-04-16 00:00:00

BNP Wednesday urged the government to go to court for resolving the issue of Khaleda Zia's cantonment residence saying that all would accept the court verdict whatever it is, reports UNB."Don't issue any threat to us - work with a...

DCC polls in Oct-Nov: EC

2009-04-16 00:00:00

Dhaka City Corporation (DCC) election is likely to be held in October-November as the city corporation laws are expected to be passed by parliament in July, reports UNB.Although the Election Commission (EC) is prepared to hold the overdue DCC polls,...

Home Minister urged to ensure peace on troubled campus

2009-04-16 00:00:00

Vice-chancellor (VC) of Jahangirnagar University (JU) Dr Sharif Enamul Kabir Wednesday sought help from the Home Minister in restoring peaceful atmosphere on the JU campus, troubled by a series of student clashes, reports UNB. "We want a peaceful atmosphere on...

Two grenades recovered in city

2009-04-16 00:00:00

The police in separate drives Tuesday-Wednesday recovered two grenades from a graveyard near Al Hera Mosque in the city's Dhanmondi area, reports UNB.The grenades were made in the Ordnance Factory in Gazipur, Atiqul Islam, DC of Dhaka Metropolitan Police (DMP)...

AL chalks out Mujibnagar Day programmes

2009-04-16 00:00:00

Bangladesh Awami League (AL) has chalked out elaborate programmes to observe the historic Mujibnagar Day Friday (April 17), reports UNB.The day's programme begins with hoisting of national and party flags at Bangabandhu Bhaban and the central and district offices at...

PCBs decide to slash lending, deposit rates

2009-04-16 00:00:00

FE Report The country's private commercial banks (PCBs) will implement the 13 per cent interest ceiling on lending in five specific areas and slash the interest rate on deposits. The decision was taken at a meeting of the Association of...

Whither bond market?

2009-04-16 00:00:00

Shahiduzzaman KhanAlthough stock market is gaining much popularity in Bangladesh, bond market remains conspicuously unattractive. With the recent fall in interest rates of government securities like treasury bills (T-bills) and bonds, people's willingness to buy bonds is likely to decline.A...

Black money and investment

2009-04-16 00:00:00

M. A. Taslim Ahmed and Ahsan Mansur AT a time when the government is engaged in the difficult task of drafting the budget for what is looming as a recession year, a contentious debate is raging in the public domain...

Muhith shrugs off WB advice on bailout

2009-04-16 00:00:00

FE ReportFinance Minister AMA Muhith said Wednesday the government will announce its stimulus package for meltdown-hit local export sectors in the next few days."The proposed incentive package for affected export sectors will be announced any day… And the announcement is...

Banking, ins issues continue to boost DSE indices

2009-04-16 00:00:00

FE ReportDhaka stocks rose sharply Wednesday, led by banking and insurance issues.The DSE General Index (DGEN) - the benchmark index- finished at 2539.46 with a gain of 72.07 points, the single-day biggest rise in two months.The lower price of the...

Govt to slash tax on ICT machinery

2009-04-16 00:00:00

The government is planning to slash the tax on ICT machinery import to take telecommunications services to people's doorstep as part of the measures for implementing its Vision 2021 through building up the Digital Bangladesh, reports UNB. Chairman of Bangladesh...

Feb inflation lowest since '06

2009-04-16 00:00:00

FE ReportThe point-to-point inflation was 5.81 per cent in February this year, lowest since 2006, thanks to fall in prices of food and other essentials. It fell by 0.25 percentage points from January inflation. According to the Bangladesh Bureau of...