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Opposition Chief Whip's Noakhali house burgled

2009-03-29 00:00:00

NOAKHALI, Mar 28 (UNB): Armed robbers looted the village home of Opposition Chief Whip Zainul Abdin Farroque at Earpur village in Senbag Upazila early Saturday.Farruque's nephew Ahad Ansari Titumir, who resides in the house with his family in absence of...

Govt to launch public-private budgetary window next fiscal

2009-03-29 00:00:00

FE ReportA boost in public investments and increased foreign aid flow will help Bangladesh survive the impact of the worsening global economic downturn, top economic policy makers and economists said Saturday.They also agreed that an export stabilisation fund instead of...

Poultry sector sizzles up with large-scale consolidation drive

2009-03-29 00:00:00

Mushir AhmedThe dull world of the country's poultry sector has suddenly sizzled up with top farms embarking on an investment spree never seen in the country's history, the industry said.Thai poultry giant CP has triggered the battle with a war...

G20 April Summit: Searching for Green Shoots of Recovery

2009-03-29 00:00:00

Zaidi SattarThe world economy is on a brink. Since December last, the world's leading economies have been pouring billions of dollars in a desperate bid to forestall anything like the Depression of 1930s. Now, their leaders head off to London...

Conspiracies on to destabilise country: Prime Minister

2009-03-29 00:00:00

Prime Minister (PM) and Awami League (AL) President Sheikh Hasina Saturday said conspiracies have been going on to destabilise the country and tarnish the image of a popular government which was voted to power through a landslide victory in the...

Central bank warns PCBs for poor farm credit disbursements

2009-03-29 00:00:00

Siddique Islam The central bank has reprimanded 10 commercial banks following their poor disbursements of farm credit despite continuous persuasion to increase such loans to help ensure food security of Bangladesh. Disbursement of agriculture credit by the private commercial banks...

Malaysia may consider visa issue of 55,000 Bangladeshis

2009-03-29 00:00:00

Minister for International Trade and Industry of Malaysia Mohd. Yassin has assured of Malaysian government's all possible cooperation regarding the visa issue of 55,000 Bangladeshi workers, report BSS and UNB.The assurance came when Foreign Minister Dipu Moni, now in Kuala...

Malek Spinning unveils plan to produce polyester chips

2009-03-29 00:00:00

FE Report Malek Spinning Mills Limited Saturday unveiled its plan to produce polyester chips in the country, saying the ambitious move would steer the country's textile sector towards the fastest-growing non-cotton fibre business.Managing director of the company A Matin Chowdhury,...

Law ministry vetting on US cos' rights to be sought

2009-03-29 00:00:00

FE ReportThe government will ask for law ministry vetting to decide on rights of two US oil minnows for conducting oil and gas explorations in hydrocarbon blocks 17 & 18 relinquished by the biggies, officials said Saturday."Legal opinion is required...

62 BDR men sent to jail after being produced in court

2009-03-29 00:00:00

Another band of 60 BDR jawans suspected as mutineers were brought to court and all of them sent to jail Saturday following the carnage in the border force's Peelkhana headquarters. The court also granted 2-day fresh remand for another five...

'Bangladesh Remittance Fair' to be held in Ctg, Sylhet

2009-03-29 00:00:00

A six-day fair titled 'Bangladesh Remittance Fair' will be held at Chittagong Engineer's Institute from April 26 to 28 while at Hafiz Complex in Sylhet from April 30 to May 2. The fair will be enriched with road show, number...

Female MPs-elect take oath today

2009-03-29 00:00:00

The newly elected Members of Parliament (MPs) from the reserved women seats will be sworn in at the oath-room of Jatiya Sangsad Bhaban today (Sunday). Speaker M Abdul Hamid Advocate will administer the oath to the MPs of Awami League...

The socio-economic interdependence

2009-03-29 00:00:00

Mahmudur RahmanFor laymen such as this scribe, the haste with which western governments acted to prop up the financial sector after their management bungled up badly was difficult to fathom. After all, shouldn't investments and such have proper provisions allocated...

Govt to make country food self-sufficient: Minister

2009-03-29 00:00:00

The government now proceeds with the target of making the country self-sufficient in food rather than turning it food-surplus, in order to avert a possible adverse impact, reports UNB."Let us try to be self-sufficient in food production instead of achieving...

BDR clarifies death of its two jawans against backdrop of mutiny

2009-03-29 00:00:00

Bangladesh Rifles (BDR) Saturday furnished clarifications about the recent death of two of its personnel, Habilder Solaiman and Sepoy Raich Uddin, against the backdrop of the mutiny at the border force's headquarters, reports UNB.In separate press releases, the BDR said...

Obama under fire for spending taxpayers money to salvage banks

2009-03-29 00:00:00

From Fazle RashidNEW YORK, March 28: The left leaning economists in America led by Nobel prize winning Paul Krugman who writes column for the New York Times (NYT) lashed out at President Obama for spending taxpayers money to salvage the...

Digital Expo concludes amid great success

2009-03-29 00:00:00

Mehdi Musharraf BhuiyanThe 4-day Digital Expo organised by Bangladesh Computer Samity (BCS) ended in the city Saturday with visitors and exhibitors alike stressing that providing subsidy to the computer and IT accessories would help flourish the local information and communication...

British Airways ends direct flights to Dhaka

2009-03-29 00:00:00

DHAKA, March 28 (AFP): British Airways ended its direct flights between Dhaka and London Saturday because the 34-year-old route was no longer profitable, the carrier said.The airline suspended the three-times-a-week service as it had not made "a profitable contribution to...

Acute bad smell in WASA-supplied drinking water

2009-03-29 00:00:00

Residents in many parts of the city, particularly in Shewrapara area, complained about outbreak of various diseases like dysentery and diarrhoea as they were forced to use Dhaka WASA-supplied contaminated water, which exuded acute bad smell and tasted very bitter,...

Desh TV's video editor killed in city accident

2009-03-29 00:00:00

Video-in-charge of the just-launched private satellite channel Desh TV Khokon was crushed under the wheels of a truck at Jatrabari in the capital Saturday evening, reports UNB. Alam Hossain, another video editor of the TV channel, was also seriously injured...

Islami Bank to give 30pc stock dividend

2009-03-28 00:00:00

FE Report The board of directors of Islami Bank Bangladesh Limited (IBBL) recommended 30 per cent stock dividend for its shareholders for the year 2008 subject to the approval of its 26th annual general meeting (AGM).The decision came at the...

Adequate power supply to cold storages demanded

2009-03-28 00:00:00

FE ReportCold storage owners urged the government to guarantee supply of uninterrupted power to help store potatoes and potato-seeds in cold storages across the country aiming at ensuring food security. The Bangladesh Cold Storage Association Wednesday in a press release...

Power crisis takes a heavy toll on businesses

2009-03-28 00:00:00

Md. Fazlur RahmanMohammad Khokon Mia, who runs a photocopier at Gausul Azam Super Market in the city, is worried about his future as acute power crisis is posing a serious threat to his source of income.He said frequent load shedding...

Bank Asia holds 2nd annual sales conference

2009-03-28 00:00:00

FE Report The second annual sales conference-2009 of Bank Asia Limited was held at Savar recently to review the bank's performance on Consumer Credit for the year 2008. Bank Asia President and Managing Director Erfanuddin Ahmed was present as the...

Call rate moves on steady track

2009-03-28 00:00:00

Sarwar ZahanThe inter-bank call money rate moved on a steady track last week due to regular intervention in the market by the central bank, fund managers said.The call rate in extreme range fluctuated mainly between 7.50 per cent and 12.0...

Netherlands Dev Finance CEO visits DBBL head office

2009-03-28 00:00:00

FE Report Chief Executive Officer (CEO) of Netherlands Development Finance Company Nanno Kleiterp and its Financial Intuitions Director Ruurd Brouwer visited Dutch-Bangla Bank Limited (DBBL) head office in the city recently.They discussed issues related to economic situation of the country...

weekly currency roundup

2009-03-28 00:00:00

March 22-March 25, 2009Commercial Bank of CeylonUS dollar maintained its stable tone against Bangladeshi taka in the last week.The foreign exchange market enjoyed sufficient liquidity because of lower import payments because most of the importers were very cautious about financial...

Japan approves deployment of missile defence system

2009-03-28 00:00:00

TOKYO, Mar 27 (AP): Japan's military mobilised Friday to protect the country from any threat if North Korea's looming rocket launch fails, ordering two missile-equipped destroyers to the Sea of Japan and sending batteries of Patriot missile interceptors to protect...

Obama targets Al-Qaeda in new Afghan war plan

2009-03-28 00:00:00

WASHINGTON, Mar 27 (AFP): President Barack Obama is to unveil Friday a new offensive against terror havens in Afghanistan and Pakistan, aiming to deal a death blow to Al-Qaeda more than seven years after the September 11 attacks.To win a...

'Mini tsunami' kills 58 after Indonesia dam breaks

2009-03-28 00:00:00

CIRENDEU, Indonesia, Mar 27 (AP): Torrential rain caused a colonial-era dam to burst its banks early Friday, sending a wall of muddy water crashing into a suburb of the Indonesian capital. The flood killed at least 58 people, left scores...