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30 'rajakars' sued in Rajshahi

2009-04-06 00:00:00

RAJSHAHI, Apr 5 (UNB): A case has been filed against 30 alleged 'rajakars' at Puthia Upazila of the district for killing a freedom fighter during the War of Liberation in 1971.The accused are: Abdus Samad of Bathua in Charghat Upazila,...

Razzak secures 6 months bail

2009-04-06 00:00:00

Jamaat-e-Islami assistant secretary general Abdur Razzak secured Sunday anticipatory bail for six months from the High Court in the BDR killing case, his lawyer said, reports bdnews24.com.The HC bench of justices Md Abdul Wahhab Miah and Marzi-ul-Haque asked the government...

Training for election officials begins

2009-04-06 00:00:00

A two-month foundation-training course for the first batch of election commission officials began Sunday at Bangladesh Civil Service Administration Academy (BCSAA) in the city, reports BSS.Chief Election Commissioner Dr ATM Shamsul Huda inaugurated the course as the chief guest.Direct general...

ICC hails G20 pledge to boost trade finance, conclude Doha Round

2009-04-06 00:00:00

The International Chamber of Commerce (ICC) has congratulated the G20 leaders for taking a multilateral approach for resolving the world economic crisis, according to a press release issued from Paris.In particular, ICC applauded their agreement to kick-start trade by significantly...

Hatchery industry hit hard by global recession

2009-04-06 00:00:00

Our CorrespondentCHITTAGONG, Apr 05: Global recession has hard hit the hatchery industry of the country as 22 hatcheries out 58 have been closed down and the remaining units are shutting down gradually. To get out of the crisis, Shrimp Hatchery...

Total deposit of Islami Bank shows 19 per cent growth

2009-04-06 00:00:00

FE Report The total deposit of Islami Bank Bangladesh Limited (IBBL) reached Tk 206.51 billion (20,651 crore) on March 31 this year, showing the growth rate of 19 per cent against the same period of the last year.This was disclosed...

Call rate, dollar move on steady track

2009-04-06 00:00:00

FE Report The inter-bank call money rate remained steady Sunday despite withdrawal of cash through treasury bills. The US dollar was mostly stable against Bangladesh taka (BDT) in the moderately active inter-bank foreign exchange market, fund managers said.The call rate...

KITF begins April 10

2009-04-06 00:00:00

Our CorrespondentKHULNA, Apr 05: Preparations are on for holding the 8th Khulna International Trade Fair (KITF) -'09 at Khulna Circuit House Maidan. The month long Trade Fair will start from April 10. Khulna Chamber of Commerce and Industry (KCCI) and...

Apex Adelchi signs deal with Walt Disney

2009-04-06 00:00:00

Apex Adelchi Footwear Limited recently signed an agreement with Walt Disney Footwear, said a press release. Apex Adelchi Footwear Executive Director Abdullah Al Mosaddeque and Walt Disney Footwear Managing Director Kazi Jamil Islam signed the agreement on behalf of their...

Premier Bank holds monthly managers' meet

2009-04-06 00:00:00

The monthly managers' meeting of the Premier Bank Limited was held in the city Saturday, says a press release. Managing Director of the bank M Shah Alam Sarwar presided over the meeting.Chairman of the board of directors of the bank...

Govt borrows Tk 5.0b thru' T bills

2009-04-06 00:00:00

FE ReportThe government borrowed Tk 5.0 billion (500 crore) Sunday through auctions of treasury bills. It will result in withdrawal of Tk 5.0 billion from the market in the week.The central bank conducted auctions of 91-day and 364-day bills on...

Rokia new chairman of MIDAS Financing

2009-04-06 00:00:00

Director of MIDAS Financing Limited Rokia A Rahman has unanimously been elected chairman of the board directors of the company for two years with effect from March 30, 2009, says a press release.The election was held at the 150th meeting...

Stalemate over transfer of IIDFC shares

2009-04-06 00:00:00

Sheikh Shahariar ZamanThree large financial entities are now in the midst of a bitter dispute over a share transfer deal. One of the parties involved has even gone to the higher court and got verdict in its favour. According to...

corporatewatch

2009-04-06 00:00:00

Dividends Uttara Finance: The board of directors of Uttara Finance Limited has recommended 30 per cent cash dividend for the year that ended on December 31, '08. The annual general meeting (AGM) of the company will be held at the...

New office-bearers of ICAB DRC

2009-04-06 00:00:00

Mr Harun-or-Rashid and Mr Netai Chand Talukdar have been elected chairman and secretary respectively of the Dhaka Regional Committee (DRC) of the Institute of Chartered Accountants of Bangladesh (ICAB) for the year 2009. They were elected at the 29th annual...

Global crisis has silver lining for IMF

2009-04-06 00:00:00

WASHINGTON, April 5 (AFP): From the ashes of global prosperity the International Monetary Fund emerged this week as the bulwark against the economic crisis, its role and finances heavily bolstered by world leaders. The IMF was the main beneficiary at...

China, India forcing Asian countries to modernise armed forces

2009-04-06 00:00:00

SINGAPORE, April 5 (AFP): Increased military spending by China and India is forcing other Asia-Pacific countries to modernise their armed forces despite the severe impact of the global financial crisis, experts say. Data from defence research firm Jane's Information Group...

Recession 'worse than we thought': UK minister

2009-04-06 00:00:00

LONDON, April 5 (AFP): Britain's recession is worse than the government expected, and the country is unlikely to return to economic growth until the end of the year, finance minister Alistair Darling said in an interview today. Speaking to The...

ASEAN summit to discuss G20 plans

2009-04-06 00:00:00

BANGKOK, April 5 (AFP): Southeast Asian nations and key regional partners will use a summit next week to discuss their follow-up to a G20 plan to lift the world out of recession, Thailand's premier said today. The summit of the...

Bulgarian construction sector fears for EU funds

2009-04-06 00:00:00

SOFIA, April 5 (AFP): Bulgaria's crisis-hit construction sector fears that many EU-funded infrastructure projects will be mothballed as the general election approaches and EU aid remains blocked over corruption concerns. "The government must urgently seek ways to unblock the (EU)...

Taiwan slash jobs for foreign workers

2009-04-06 00:00:00

TAIPEI, April 5 (AFP): Taiwan has cut the number of foreign workers and maids working on the island by 24,000 since November, as a result of the global economic slowdown, it was reported today. As of February, there were 349,000...

Asian firms on Iraq shortlist for oil deals

2009-04-06 00:00:00

BAGHDAD, Apr 05 (AFP): Asian companies are among nine firms shortlisted by the Iraqi oil ministry for contracts in 11 oil and gas fields, according to a document obtained by AFP on Saturday.The companies selected from the 38 which submitted...

High diesel price frustrates Pabna farmers

2009-04-06 00:00:00

Our CorrespondentPABNA, Apr 5: Irri-boro paddy cultivation in Pabna is facing a setback because of a drought-like situation for lack of rain. In many areas, cracks have developed on fields due to lack of water. Farmers said they were facing...

Workshop on money laundering held

2009-04-06 00:00:00

Our CorrespondentCHITTAGONG, Apr 05: Money-laundering and terrorism-free society is needed for the future generation of the country. Corruption, trafficking of currency and terrorism are to be uprooted from the society and the bankers have to shoulder the responsibility in this...

China, Ecuador move toward energy deal

2009-04-06 00:00:00

QUITO, Apr 5 (AFP): China is close to inking a one- billion-dollar deal to receive Ecuadorian oil, President Rafael Correa said yesterday. "China has offered us initial capital worth one billion dollars for infrastructure projects, we are going to pay...

Drought hits tea production in northeastern India

2009-04-06 00:00:00

GAUHATI, India, Apr 5 (AP): A drought in India's major tea growing region has led to a dramatic fall in production during the first quarter of the year, industry officials said Sunday.Tea growers in the northeastern state of Assam say...

Spain's Inditex turns sight on India as part of push into Asia

2009-04-06 00:00:00

MADRID, Apr 5 (AFP): Spain's Inditex, Europe's largest clothing retailer, plans to start opening stores of its flagship Zara brand in India next year as part of its aggressive expansion into the fast-growing Asian market. The company, which opened its...

Govt to take steps to stop school dropout: PM

2009-04-06 00:00:00

Prime Minister (PM) Sheikh Hasina Sunday said her government would take effective steps to stop dropout of students from schools, reports UNB. She made the remark when Sri Lankan High Commissioner in Dhaka V Krishnamoorthy called on her at the...

Home Economics College students agitate against hiked fee

2009-04-06 00:00:00

DU CorrespondentThe agitating students of the city's Home Economics College (HEC), Azimpur removed the roadblock after the authorities assured them of lowering the increased session fee Sunday noon.Hundreds of students of the college demonstrated inside and outside the institution demanding...

BPO will recruit 3000 office staff

2009-04-06 00:00:00

Mahmuda ShaolinBangladesh Post Office (BPO) will start recruiting around 3000 office staff this year as the government has recently withdrawn the restrictions on new employments after four years. Officials said, the Establishment Ministry gave permission to the BPO last month...