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Urges people to make 'right' choice on Dec 29

2008-12-13 00:00:00

SYLHET, Dec 12: Chairperson of Bangladesh Nationalist Party (BNP) Khaleda Zia has promised to bring down the prices of essentials and create new jobs, if re-elected for a third term, in her first election rally at Lalabazar in Sylhet on...

Remittance lifeline under threat

2008-12-13 00:00:00

A Z M AnasA falling remittances inflow is likely to dampen Bangladesh's growth prospects in the current financial year, signalling the onslaught of global financial tsunami on the country's coastline, according to a new World Bank report.The economy, which grew...

Imports grow by 31.66pc in 4 months

2008-12-13 00:00:00

FE Report The country's imports grew by 31.66 per cent during the first four months of the current fiscal over that of the corresponding period of the previous fiscal, officials said. The value of letters of credit (LCs) against imports...

Number of hungry people worldwide rises to 963m: FAO

2008-12-13 00:00:00

ROME, Dec 12 (Xinhua): Another 40 million people have been pushed into hunger this year primarily due to higher food prices, according to a new report published by the UN Food and Agriculture Organization (FAO) this week. This brings the...

Final list of candidates today

2008-12-13 00:00:00

The Election Commission (EC) has declared valid as many as 1,572 candidates until Friday afternoon, report agencies. "But after the allotment of electoral logos among the candidates, the number of total candidates may come down to 1,300," Joint Secretary (Election),...

Madoff arrested over alleged $50b fraud

2008-12-13 00:00:00

NEW YORK, Dec 12: Bernard Madoff, a quiet force on Wall Street for decades, was arrested and charged Thursday with allegedly running a $50 billion Ponzi scheme in what may rank among the biggest frauds ever. The former chairman of...

Fuel oil prices fall below $45; market looks to OPEC

2008-12-13 00:00:00

LONDON, Dec 12: Fuel oil prices fell below $45 a barrel Friday in reaction to news that a $14 billion emergency bailout for US automakers had collapsed in the Senate, raising more fears for the US economy. The decline came...

Two women killed in grenade explosion

2008-12-13 00:00:00

BANDARBAN, Dec 12: Two women were killed in a grenade explosion at Langir Char in Sadar Upazila Friday. The deceased were identified as Saleha Begum (30), and Rozina Begum (18). Police said the two women found a grenade when they...

SBC yet to settle most part of Tk 4.45b reinsurance claims

2008-12-13 00:00:00

FE ReportState-run Sadharan Bima Corporation (SBC) is yet to settle a significant portion of its Tk 4.45-billion worth of reinsurance claims with other private insurers despite repeated efforts from the government, official sources said."Nearly half of the SBC's total reinsurance...

World markets plunge as US auto bailout fails

2008-12-13 00:00:00

LONDON, Dec 12 (AP): World stock markets plunged Friday as the US Senate's rejection of a $14 billion deal to rescue Detroit's ailing automakers stoked concerns that the recession in the world's largest economy will be even longer and deeper...

Polls and beyond: 'Still no guarantee'

2008-12-13 00:00:00

There are no guarantees that Bangladesh will achieve a smooth transition to democracy through polls, with the political situation remaining "complex and fragile", according to an ICG country briefing released Friday, reports bdnews24.com. An end to emergency rule and elections...

After food aid, commodity assistance dries up

2008-12-13 00:00:00

FE Report Commodity aid that once came in abundance from overseas donors has now dwindled to almost nothing in 2006-07, said an economic relation division report."In recent years, commitment for commodity aid has declined drastically," the report said.Commodity aid was...

AL eyes on young voters to score in Dec 29 polls

2008-12-13 00:00:00

Awami League President Sheikh Hasina, in a bid to form the next government, set her eyes on young voters who got registered for the first time as voters and urged them to give their verdict judiciously considering the future of...

168 vie for 39 JS seats in eight N-dists

2008-12-13 00:00:00

RAJSHAHI, Dec 12(BSS): The candidates belonging to different political parties as well as alliances started their formal election campaign today in 16 northern districts under Rajshahi division keeping in view the December 29 parliamentary polls. In the city, Mohajote (Grand...

I was proposed to be state witness against Khaleda in Gatco case: Nizami

2008-12-13 00:00:00

PABNA, Dec 12 (UNB): Jamaat Ameer Matiur Rahman Nizami Friday said he was put behind the bars twice for refusing to be a state witness against BNP chairperson Khaleda Zia in Gatco graft case."I had to land in jail twice,...

Symbols allotted to 32 candidates of N'ganj

2008-12-13 00:00:00

NARAYANGANJ, Dec 12 (BSS): Returning Officer of the district today allotted election symbols to 32 candidates of different political parties and alliances contesting in the upcoming 9th parliamentary polls in five constituencies of the district.Candidates and their supporters were present...

PBCP leader dies in gunfight with police

2008-12-13 00:00:00

RAJSHAHI, Dec 12 (BSS): A front-ranking leader of the outlawed Purba Banglar Communist Party (PBCP-ML-Lal Pataka) was killed in a gunfight between some of his accomplices and the police at Baroihati village under Bagmara Upazila of the district in the...

BNP factional clash injures 15

2008-12-13 00:00:00

NARSINGDI, Dec 12 (UNB): At least 15 people were injured in a clash between two groups of BNP activists over election campaign at Birampur village in Sadar Upazila Friday.Witnesses said the trouble began when supporters of local BNP reformist leader...

Call to implement ideals of Rokeya to establish women's rights

2008-12-13 00:00:00

RANGPUR, Dec 12 (BSS): Speakers at a discussion on Rokeya Day programme at Pairaband village Friday called for proper implementation of the ideals and philosophy of Begum Rokeya to establish equal rights of women. They described Begum Rokeya as a...

Replica of Taj Mahal draws thousands

2008-12-13 00:00:00

A giant replica of the Taj Mahal in suburban Sonargaon opened recently now draws thousands of viewers everyday with its builder saying he constructed the structure out of his respect for legendary Mughal Emperor Shahjahan, reports BSS."I took the initiative...

Robber killed in gunfight with RAB

2008-12-13 00:00:00

GAZIPUR, Dec 12 (BSS): An alleged terrorist and leader of a robber gang was killed in a gunfight with the Rapid Action Battalion (RAB) at Kaliganj Upazila here Friday. RAB sources said the dead was identified as Selim (26), son...

LWM announces V-Day programme

2008-12-13 00:00:00

To celebrate the Victory day, Liberation War Museum (LWM) chalked out a four-day programme beginning today (Saturday), reports BSS.As part of the programme, Professor Dalem Chandra Barman will speak on "Genocide Convention Affairs" on the inaugural day at 4.00 pm...

Fake army man held in Rajshahi

2008-12-13 00:00:00

RAJSHAHI, Dec 12 (BSS): Rapid Action Battalion (RAB) rounded up a fake army and seized smuggled fertiliser from different areas of two northern districts during the last 24 hours.On a tip-off, a team of the force conducted a sudden raid...

One electrocuted in Noakhali

2008-12-13 00:00:00

NOAKHALI, Dec 12 (BSS): A youth was electrocuted and another one injured at Lakkhinarayanpur village of Noakhali pourasabha area here.The dead was identified as Alauddin (35), son of Sayedul Hoque. Family sources said Alauddin was cutting a branch of a...

Small US banks rise above financial turmoil

2008-12-13 00:00:00

Judi HassonMANY US banks are discovering that it pays to be the small fish in a big pond as economic turmoil grips businesses on Wall Street.While their big-bank cousins have faced near-catastrophe in the recent market fluctuations, community banks report...

Trading in city's kitchen markets yet to pick up after Eid

2008-12-13 00:00:00

FE Report Trading in the city's kitchen markets have not yet picked up after the Eid vacation while prices of most of the essentials remained more or less static Friday.Customers were thin in some of the city's major commodity markets...

IBBL opens SME service centre in Noakhali

2008-12-13 00:00:00

FE ReportThe fourth small and medium enterprise (SME) service centre of Islami Bank Bangladesh Limited (IBBL) was recently inaugurated at Chaprashirhat, Kabirhat, Noakhali, said a press release. IBBL board of directors Chairman Abu Nasser Muhammad Abduz Zaher inaugurated the SME...

ICB AMCL declares NAV of two unit funds

2008-12-13 00:00:00

FE Report ICB Asset Management Company Limited (AMCL), a subsidiary of Investment Corporation of Bangladesh (ICB), recently announced Net Asset Value (NAV) of its two unit funds, said a press release. The total NAV of ICB AMCL Pension Holders' Unit...

Ericsson launches SPMS service

2008-12-13 00:00:00

Ericsson has launched spare parts management services (SPMS) to support TM International Bangladesh's (TMIB) mobile network. The deal marks Ericsson's first SPMS contract in Bangladesh, and will help boost operational efficiencies, revenue and network performance, says a press release. Under...

DBBL opens 61st branch at Saidpur

2008-12-13 00:00:00

FE Report Dutch-Bangla Bank Limited (DBBL) opened its 61st branch at Saidpur under Nilphamari district recently with on-line banking facilities to the clients from the very beginning, said a press release.DBBL Managing Director Md Yeasin Ali inaugurated the branch. He...