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Govt rejects IMF's suggestion on full re-drafting of VAT law

2008-12-20 00:00:00

Doulot Akter MalaThe government has rejected an International Monetary Fund (IMF) suggestion on complete re-drafting of VAT law for streamlining collection of consumption tax, officials said.They said the IMF proposed agenda on complete re-drafting of VAT (value added tax) law...

Fund shortage to hit implementation of eight power plants

2008-12-20 00:00:00

FHM Humayan KabirThe implementation of eight big power plants, planned to be built by next three years, is likely to face obstacles as the fund proposed for the projects is far less than the requirement, officials said.The government has proposed...

Major credit crunch unlikely in Bangladesh

2008-12-20 00:00:00

FE ReportThe external shocks stemming from the global financial storm are unlikely to spell a major credit crunch in Bangladesh as the country's financial leverage remains low, according to the World Bank. The global lender, whose growth projection has drawn...

Foggy weather to persist for a few more days

2008-12-20 00:00:00

FE ReportThe adverse weather condition with thick fog and mist driving down the mercury is likely to continue for another two to three days across the country, the Met office said.Such a misty cold weather generally develops when the quantity...

Oil tumbles to near 5-yr low

2008-12-20 00:00:00

LONDON, Dec 19 (Reuters) : Oil fell below $34 on Friday to its lowest level in almost five years as the global economic slowdown overshadowed OPEC's record supply cuts.U.S. light crude for January delivery fell $2.64 to $33.58 a barrel...

Khaleda alleges media control, warns about its consequence

2008-12-20 00:00:00

RAJSHAHI, Dec 19 (UNB): BNP Chairperson Khaleda Zia has alleged control of media by unseen hands to blackout what she called her extensive electioneering and cautioned that consequences will not be good in case of any rigging."I've been campaigning day...

Hasina urges people to vote for honest candidates

2008-12-20 00:00:00

NARAIL, Dec 19 (bdnews24.com): Awami League (AL) president Sheikh Hasina urged the people Friday to vote for AL and its allies to stave off corruption and militancy, and help build a prosperous and secular Bangladesh. Accompanied by younger sister Sheikh...

Global economy to contract in 'severe' 2009 recession: IIF

2008-12-20 00:00:00

WASHINGTON, Dec 19 (AFP): The global economy likely will contract next year for the first time in decades in a "severe" recession as the credit crunch bites, an international banking group said yesterday. The Institute of International Finance (IIF), the...

ACC briefing 'motivated,' alleges BNP

2008-12-20 00:00:00

BNP Joint Secretary General Nazrul Islam Khan Friday termed the Anti-Corruption Commission's (ACC) press briefing on Arafat Rahman Koko's financial transactions in Singapore as 'motivated,' reports UNB."The ACC's briefing was biased and motivated as it was done before inquiry," he...

Army deployment from today

2008-12-20 00:00:00

Troops will be deployed from today (Saturday) at designated places across the country as striking force to help ensure peaceful parliamentary elections on December 29. The troops started rolling out from Thursday from barracks, two days earlier than the schedule,...

Two executed for murders

2008-12-20 00:00:00

MYMENSINGH, Dec 19: Two Mymensingh prisoners were executed just after Thursday midnight, prison authorities said Friday. Dulal Mia of Mymensingh and Kabir Hossain of Dhaka were hanged to death at 12:13am, district prison chief Shah Alam informed reporters. Kabir had...

BSF detains four students from Feni border

2008-12-20 00:00:00

FENI, Dec 19: The paramilitary Border Security Force (BSF) of India detained Friday four Bangladeshi students from Pechibaria border in the district, officials and local residents said. They said, four friends, all students of class 12 of Feni Government College,...

Borrowing thru' savings tools up by 100pc

2008-12-20 00:00:00

S M JahangirThe government's net borrowing from the savings instruments marked a sharp rise in the past few months, enhancing its liability on account of servicing the internal debt.Official figures showed that the government's net borrowing through savings certificates shot...

Clinton Foundation discloses names of contributors

2008-12-20 00:00:00

From Fazle RashidNEW YORK Dec 19: Former President Bill Clinton under pressure to reveal his financial dealings since he left the White House eight years ago came out with a catalogue of contributors to his charitable foundation that includes among...

EC restrictions disappoint paper manufacturers, printing presses

2008-12-20 00:00:00

Jasim Uddin Haroon The country's paper mills have failed to make a brisk business this time as the Election Commission (EC) has set rules limiting the use of posters for election campaigns cutting sale of paper by more than 50...

Turnover posts sharp fall ahead of polls

2008-12-20 00:00:00

FE ReportStocks of the Dhaka Stock Exchange (DSE) edged down with a sharp fall in the turnover last week that ended Thursday after witnessing an upward trend in the previous week. However, the market showed some signs of recovery during...

Automakers to get $17.4b in US govt aid

2008-12-20 00:00:00

WASHINGTON (Reuters): The US government will offer up to $17.4 billion in loans to the ailing US automakers and expects General Motors and Chrysler LLC to access the money immediately, a senior administration official said on Friday.Some $13.4 billion will...

3 killed, 12 injured as truck ploughs thru' BNP procession

2008-12-20 00:00:00

BOGRA, Dec 19 (UNB): Three people were killed and 12 others injured as a truck ploughed through a BNP procession on the Dhaka-Bogra Highway at Mohipur under Sherpur Upazila Friday evening.Witnesses said a man died on the spot and two...

Importer gets sand, chalk powder instead of soda ash?

2008-12-20 00:00:00

Our CorrespondentCHITTAGONG, Dec 19: A Chittagong importer has alleged that an Iranian exporter has dumped sand and chalk powder instead of soda ash in containers in collusion with the pre-shipment inspection (PSI) company concerned.The concerned importer, the QMM Trading Corporation...

Don't hike rates to prop up battered currencies: UN

2008-12-20 00:00:00

GENEVA, Dec 19 (BSS/AFP) - Countries struggling with the falling value of their currencies should resist hiking interest rates to prevent devaluations, the UN warned yesterday. "Rising interest rates and falling government expenditure will only reinvite speculation and worsen matters...

Vote for BNP, allies at your peril, warns Ershad

2008-12-20 00:00:00

BARISAL, Dec 19 (bdnews24.com): Jatiya Party chairman HM Ershad has warned people that if they mistakenly elect BNP and its allies to run the government next, corruption and plundering will be deeply rooted in the country's system."The nation does no...

Electioneering reaching zenith in Rajshahi

2008-12-20 00:00:00

RAJSHAHI, Dec 19 (BSS): The entire district including the city and rural areas have turned into enthusiastic festive looks amid election fever as the electioneering has been reaching the peak in all six parliamentary constituencies.The contesting candidates and their workers...

Law enforcers on high alert as sabotage feared

2008-12-20 00:00:00

CHITTAGONG, Dec 19 (bdnews24.com): The two alliances led by Awami League and BNP are gearing up as the main players in the upcoming election battle in the port city.The AL-led grand alliance is making all-out efforts to add to their...

Mannan Bhuyian vows to work for effective parliament

2008-12-20 00:00:00

Deposed BNP secretary general Abdul Mannan Bhuyian, running as an independent candidate, has said if elected he will work to make parliament more effective and to establish good governance, reports bdnews24.com."Parliament must be most effective in a nation's life to...

Elected govt to get US support, says Crowley

2008-12-20 00:00:00

Joseph Crowley, Bangladesh Caucus Chairman at the US Congress, said whoever people of Bangladesh elects to power will get full support of the United States (US), reports BSS according to message received from New York Friday.At an annual holiday celebration...

Tin Bigha Corridor to remain open for polling periods

2008-12-20 00:00:00

LALMONIRHAT, Dec 19 (bdnews24.com): The Tin Bigha Corridor will remain open for four days in total over the Jatiya Sangsad and Upazila Parishad election periods.The Corridor is a strip of land on the West Bengal-Bangladesh border for access to Bangladesh's...

Rajbari DC asks officials to perform election duties transparently

2008-12-20 00:00:00

RAJBARI, Dec 19 (BSS): Deputy Commissioner of Rajbari Muhammad Mahfuzur Rahman Friday asked the election related officials to perform their duties in a transparent way during the upcoming parliamentary and upazila polls.He made the call while inaugurating a two-day training...

Farmers busy farming crops on charlands in greater Rangpur

2008-12-20 00:00:00

RANGPUR, Dec 19 (BSS): The landless char people are now very busy in cultivating various crops on charlands of the Brahmaputra, Dharla, Teesta and Jamuna as well as their tributaries in greater Rangpur during the current season. Sources said large-scale...

CCCI president for Biman flights on Ctg-Chiangmai-Bangkok route

2008-12-20 00:00:00

Our Correspondent CHITTAGONG, Dec 19: Chittagong Chamber of Commerce and Industry (CCCI) MA Latif in a fax message to the Chief Adviser's Special Assistant Mahbub Jamil requested to introduce Biman Bangladesh flights on the Chittagong-Chiangmai-Bangkok route for the convenience of...

Counter-based bus service in Ctg faces closure

2008-12-20 00:00:00

Our CorrespondentCHITTAGONG, Dec 19: Just six month after its inauguration, irregularities by the Chittagong Transport Owners Forum (CTOF) may cause the closure of counter-based bus service in the city, concerned sources said.In order to bring discipline in the city's transport...