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Govt starts preparing perspective plan targeting 2021: Minister

2009-02-24 00:00:00

Planning Minister Air Vice Marshal (retd) AK Khandoker Monday said the present government has started preparing a perspective plan targeting the year 2021, when the country will celebrate its golden jubilee of independence, reports BSS."Besides, the government will make a...

People's Jute Mills closed again

Our Correspondent | 2009-02-24 00:00:00

KHULNA, Feb 23: The People's Jute Mill of Khulna has been closed again making 22 hundred workers jobless. After seven years of its privatisation, the mill authorities declared it closed Sunday night for an indefinite period.Source said the workers of...

Myanmar to allow domestic merchants to bid for gems

2009-02-24 00:00:00

YANGON, Feb 23 (Xinhua): Myanmar will allow domestic merchants along with foreign buyers to bid for gems, jade, pearl and jewelry on sale at the forthcoming annual gems emporium scheduled for March 8 this year to boost the development of...

World needs 'global new deal': Brown

2009-02-24 00:00:00

BERLIN, FEB 23 (CNN): The world needs a "global New Deal" to haul it out of the economic crisis it faces, Prime Minister Gordon Brown of the United Kingdom said Sunday."We need a global New Deal -- a grand bargain...

Regulator moves to bring more merchant banks into stock mkt

Kayes M Sohel | 2009-02-24 00:00:00

The securities regulator has taken strong initiative to bring more merchant banks into the stock market to attract investment in the stock market.The move came against the backdrop of fund shortage in the market because of cash withdrawal by some...

HSBC retains highest rating

2009-02-24 00:00:00

HSBC Bangladesh retained its 'AAA' rating in the long-term and ST-1 rating in the short-term, which are the highest levels of ratings for any bank or financial institution.Credit Rating Agency of Bangladesh Ltd (CRAB) carried out the task of rating...

30 injured as AL, BNP men clash in Bhola

2009-02-24 00:00:00

BHOLA, Feb 23 (UNB): At least 30 people were injured and 10 business establishments and houses ransacked in a fierce clash between supporters of the Awami League (AL) and the BNP Sunday over raising Doulatkhan launch ghat entry fee.Police quoting...

DSE elections tomorrow

FE Report | 2009-02-24 00:00:00

A total of eight candidates are contesting in the elections of Dhaka Stock Exchange (DSE) to be held tomorrow (Wednesday).Four directors will be elected in the polls where a total of 227 DSE members will cast votes.The candidates are M...

Star-struck NZ gear up for big summer

2009-02-24 00:00:00

Two days before the first Twenty20 international, New Zealand assembled for what is perhaps their most important summer - or what passes off as summer in these parts - of cricket in recent times, reports Cricinfo.And already they sound in...

BNP to go tough if any anti-state deal signed

2009-02-24 00:00:00

The main opposition BNP Monday threatened to launch tough programmes if any anti-state agreement was signed by the government with any country, reports UNB."No one has the right to strike any deal that goes against the spirit of our independence...

Younis ton drives Pakistan

2009-02-24 00:00:00

KARACHI, Feb 23 (Cricinfo): Pakistan's new captain Younis Khan hit a fine century and combined well with his predecessor Shoaib Malik to thwart a stiff challenge from the Sri Lankan spinners. On a pitch that got increasingly slower, Sri Lanka...

BGMEA polls today

FE Report | 2009-02-24 00:00:00

The country's garment manufacturers go to polls today to elect their new leader for the 2009-10 term.The election of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) pits two leading garment entrepreneurs, Shahadat Hossain Kiron of Dekko group and Abdus...

Both matches end in draw

2009-02-24 00:00:00

Both the matches of the Citycell Metropolis 3rd Division Football League ended in draw at the Bir Shreshtho Shaheed Sepoy Mohammad Mostafa Kamal Stadium at Kamalapur in the city Monday, reports UNB.Rainbow AC played to a 1-1 draw with Govt....

World stocks mostly rally on Citigroup report

2009-02-24 00:00:00

LONDON, Feb 23 (AFP): Global stock markets mostly rebounded today on the back of a report that the US government was poised to take a 25 per cent to 40 per cent stake in troubled banking giant Citigroup.Equities had plunged...

Economists see deeper pain, followed by gain

2009-02-24 00:00:00

NEW YORK, Feb 23 (CNN): A survey of leading economists finds them now forecasting a far deeper and more painful recession ahead in the first half of the year, but a modest pickup in the second half of 2009, followed...

corporatewatch

ULC recommends dividend | 2009-02-24 00:00:00

The board of directors of United Leasing Company (ULC) has recommended 20 per cent cash dividend and 1B:7 stock (one bonus share for every seven shares) dividends for the year that ended on December 31, '08. The annual general meeting...

Call money rate steady, dollar gains

FE Report | 2009-02-24 00:00:00

The inter-bank call money rate was steady Monday despite withdrawal of cash through reverse repurchase agreement (repo). The US dollar, however, gained against Bangladesh taka (BDT) in the inter-bank foreign exchange market due to higher demand for the greenback, fund...

news digest

Moderate quake hits Sumatra | 2009-02-24 00:00:00

JAKARTA, Feb 23: A moderate 5.9-magnitude earthquake struck off Indonesia's Sumatra island Monday, seismologists said, but there was no immediate report of casualties or damage and no tsunami warning. The quake hit at 12:56 pm (0556 GMT) and was centred...

Farmers sell flowers of Tk 30m in three days

Our Correspondent | 2009-02-24 00:00:00

JESSORE, Feb 23: The farmers of Gadkhali sold different types of flowers worth over Tk 30 million on the occasion of Valentine Day.Gadkhali is the biggest wholesale market for flowers in the country. It supplies about 80 per cent of...

Providing desired boost to business and industry

2009-02-24 00:00:00

THAT Bangladesh is a land of huge potential has been stressed in many forums many times over. But the fact remains that the potential has been remaining untapped, in spite of all the optimism. Something is always coming in the...

KCC officials suspended

Our Correspondent | 2009-02-24 00:00:00

KHULNA, Feb 23: Two officials of Khulna City Corporation (KCC) have been suspended on charge of misappropriation, negligence of duty and corruption.As per the instruction of KCC Mayor Talukder Abdul Khaleque, chief executive officer Tapan Kumar Ghosh took the punitive...

Our Correspondent | 2009-02-24 00:00:00

CHITTAGONG, Feb 23: Compliance issue has now become a very important issue in the readymade garment (RMG) sector of the country under international and domestic pressure and it has become necessary to ensure compliance in all factories of RMG industry.Former...

Mahela and Ashraful

2009-02-24 00:00:00

I love to listen to Mahela, whenever he is interviewed after matches. The way he speaks deserves appreciation.As a good leader he never tries to give excuses for failures. He takes the responsibility with courage and in good stead. He...

Tamil rebels 'ready for ceasefire'

2009-02-24 00:00:00

COLOMBO, Feb 23 (CNN): Sri Lanka's separatist Tamil rebels said today that they are ready for a ceasefire with the government, but told the United Nations in a letter that they refuse to lay down their weapons.The Tamil Tigers political...

Skywards recognised for innovation excellence

2009-02-24 00:00:00

Skyward, the frequent flyer programmed of Emirates, has been declared one of the winners of Airline Business Loyalty Awards, amounted at the publication's loyalty event in Vienna last week.Skywards won the " Loyalty Innovation Award 2009" for their Instant Upgrade...

Cases filed against 23 'rajakars' in Bagerhat, Barisal

2009-02-24 00:00:00

BAGERHAT, Feb 23 (UNB): Amid growing demand for the trial of war criminals, a man here Monday filed a case against four 'rajakars' (collaborators) for killing his three family members in Rampal Upazila of the district during the liberation war...

ASEAN+3 FMs agree on action plan to foster regional economic confidence

2009-02-24 00:00:00

PHUKET, (Thailand), Feb. 23 (Xinhua): Finance ministers from the ASEAN plus three countries agreed yesterday to speed up the process of operationalising the Chiang Mai Initiative Multilateralisation (CMIM), a regional foreign reserve pool in case of currency flow shortage.The agreement...

Ensure power supply to agri projects: PM

2009-02-24 00:00:00

Prime Minister Sheikh Hasina Monday directed authorities concerned to ensure uninterrupted power supply to agricultural projects during the upcoming irrigation season for increasing food production, reports BSS.She issued the directive when the secretary of the ministry of power, energy and...

Safe drinking water must for healthy nation: speakers

2009-02-24 00:00:00

Speakers at a function in Rangpur Monday said that adequate sanitation facilities and supply of safe drinking water for all are must for creating a good environment and making a healthy nation, reports BSS.For this, they underscored the need for...

WTO warns against protectionism

2009-02-24 00:00:00

SEOUL, Feb 23 (AFP): The World Trade Organisation chief called today for collective discipline to stem the spread of protectionism during the global slump, citing "Buy American" provisions in the US stimulus package."If you hit imports, your exports will be...