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Ship breakers seek time, intervention of PM to fight HC shutdown order

2009-03-23 00:00:00

M Azizur RahmanThe country's thriving ship breakers would seek time from the high court and prime minister's intervention to pass critical environment tests that have raised fears for survival of their half a billion dollar industry.The move comes a week...

No Nano for Bangladesh until 2011

2009-03-23 00:00:00

Mushir AhmedThe emerging middle class in Bangladesh may have to wait two-three years to drive the world's cheapest car as its makers Tata at the moment is not interested to market Nano outside India.The Rs100,000 car will be launched by...

Users cautioned over plot against Chittagong Port

2009-03-23 00:00:00

FE Report The Port Users Forum (PUF) at a meeting Saturday urged the government and the people concerned to retain the progress Chittagong Port made during the last two years. The PUF organised the meeting at the Chittagong Chamber of...

More Bangladeshi cos added to Dow Jones indexes

2009-03-23 00:00:00

Kayes M SohelSix companies from Bangladesh have been added to the Dow Jones indexes, a leading global index provider, promoting the country as a lucrative investment destination for potential investors.The six companies are Uttara Bank Ltd, Pubali Bank Ltd, AB...

1,800 BDR men still on the run: BDR chief

2009-03-23 00:00:00

Some 1,800 Bangladesh Rifles (BDR) soldiers were on the run nearly a month after the savage mutiny at the paramilitary force's headquarters in Dhaka while a manhunt was on for the fugitives, officials said Sunday. "Some 1,800 soldiers are still...

Dhaka stocks slip for fifth straight day

2009-03-23 00:00:00

FE ReportDhaka stocks continued to fall for the fifth straight day Sunday amid heavy price fluctuations. Before beginning to decline in the very first hour of trade, the benchmark index of the Dhaka Stock Exchange (DSE) rose 40 points. The...

TIB research exposes tip of the iceberg

2009-03-23 00:00:00

FE ReportUpto Tk 50,000 has to be paid in bribe to obtain vehicle registration and applicants have to pay kickbacks of Tk 10,000 to Tk 300,000 per vehicle to be enlisted as bus operators within the Dhaka Metropolitan areas, showed...

More land ports to be privatized this year

2009-03-23 00:00:00

Siddique Islam The government plans to privatise three more land ports this year under Build-Operate-Transfer (BOT) arrangement for a period of 25 years to help boost cross border trade, officials said. The land ports that will be handed over to...

RMG workers to get rice at Tk 18 per kg from April

2009-03-23 00:00:00

The garment workers would get rice at Taka 18 per kg from the first week of April as per a decision taken by the government here today. The decision was taken at a meeting with the leaders of BGMEA and...

BSMMU VC, pro-VCs resign

2009-03-23 00:00:00

The four top administrators of Bangabandhu Sheikh Mujib Medical University quit their posts Sunday, citing 'personal reasons'. Vice-chancellor Prof Nazrul Islam, pro vice-chancellors Chowdhury Ali Kawser and Mohammad Kamal and treasurer Ruhul Amin Miah, appointed during the past caretaker government...

RSRM launches top quality rod to cash in on high-rise boom

2009-03-23 00:00:00

Jasim Uddin Haroon A local company said Sunday it has launched finest quality rod in the country as Bangladesh's construction industry looks for quake-resistance steel for increasing number of high-rise buildings.Ratanpur Steels and Rerolling Mills (RSRM), a Chittagong-based manufacturer, started...

ACC chief for combating graft with political goodwill, commitment

2009-03-23 00:00:00

Anti-Corruption Commission Chairman Lt Gen (retd) Hasan Mashhud Chowdhury Sunday said it is not easy to combat corruption without political goodwill and commitment, reports UNB.The fight against corruption gets difficult unless the political will against graft becomes visible, the ACC...

Biman to add a Boeing 747 to fleet for Hajj

2009-03-23 00:00:00

Biman Bangladesh Airlines Limited, the national flag carrier, is going to add a Boeing 747 aircraft in its fleet under ACMI (wet) lease system to strengthen its services during the Hajj period, reports UNB.Biman has already floated a request for...

Govt to import 60,000 tonnes wheat to meet domestic demand

2009-03-23 00:00:00

The government will import 60,000 tonnes of wheat as part of regular procurement to meet the domestic demand and prevent any further rise in food prices, reports UNB.Government's Cabinet Committee on Public Purchase Sunday approved a Food Ministry proposal on...

Tearaway inflation to hit US economy soon

2009-03-23 00:00:00

From Fazle Rashid NEW YORK, March 22: The Federal Reserve's decision to pump in billions of dollars to revive the flagging US economy has given rise to the fear that the economy would soon be engulfed by a tearaway inflation....

100pc control of western shipping lines in local business opposed

2009-03-23 00:00:00

Shipping Agents Association of Bangladesh (SAAB) said moves by some foreign envoys to help establish hundred percent control of western shipping lines over their business here may eventually end up in hostage taking of the nation's external trade, reports BSS.SAAB...

Russia submits formal proposal on NPP

2009-03-23 00:00:00

Russian Ambassador to Bangladesh Gennady P Trotsenko Sunday submitted a formal proposal to State Minister for Science and ICT Yeafesh Osman for setting up a nuclear power plant (NPP) to meet Bangladesh's growing demand for energy, report UNB and BSS....

Iran ready to change if US leads way: Khamenei

2009-03-22 00:00:00

TEHRAN, Mar 21 (AFP): Iran's supreme leader Ayatollah Ali Khamenei said Saturday said the Islamic republic is willing to change if US President Barack Obama leads the way by changing American attitude towards his country.Speaking a day after Obama offered...

India tightens security at three major airports after threat

2009-03-22 00:00:00

THIRUVANANTHAPURAM, India, Mar 21 (AFP): India tightened security at three major airports in the southern state of Kerala after a call threatening attacks by Tamil Tiger sympathisers, police said Saturday.Extra security measures were in place at the international airports of...

Bombings kill 11 people in Afghanistan

2009-03-22 00:00:00

KABUL, Mar 21 (AP): Two separate bombings killed 11 people in eastern Afghanistan Saturday, officials said, the latest attacks near the country's volatile border with Pakistan.Elsewhere in Afghanistan, a NATO soldier was killed in a "hostile incident" in the country's...

news digest

2009-03-22 00:00:00

Pakistan's chief justice retiresISLAMABAD, Mar 21: Pakistan's Supreme Court chief justice retired Saturday, opening the way for the restoration of a judge ousted by former military ruler Pervez Musharraf and championed by opponents of the current pro-Western government. Abdul Hameed...

Spain urges US to 'respect' Kosovo pullout decision

2009-03-22 00:00:00

MADRID, Mar 21 (AFP): Spain urged the United States Friday to respect its decision to withdraw its troops from Kosovo, after Washington expressed its disappointment at the move. "We respect the position of other countries, but at the same time...

Thai govt survives no-confidence vote

2009-03-22 00:00:00

BANGKOK, Mar 21 (AP): Thailand's three-month-old government survived a no-confidence vote Saturday, but analysts said it is likely to face continuing street demonstrations by loyalists of exiled Prime Minister Thaksin Shinawatra.Prime Minister Abhisit Vejjajiva and five of his cabinet ministers...

Weathering the recessionary storm in the RMG Sector

2009-03-22 00:00:00

Barrister I U Ahmad AsifIt has been said time and again that the worldwide recession that has affected so many countries so deeply will not affect the Bangladesh ready made garments (RMG) sector. The RMG sector recorded US$ 6.05 billion...

IPO book building and penny stocks

2009-03-22 00:00:00

M. Imtiaz MozumderThe Securities & Exchange Commission approved the book building method of pricing Initial Public Offerings (IPOs) for both domestic and foreign companies. However, this will not substitute the existing 'fixed-price' method of valuing IPOs. Some preconditions are set...

The end of a stand-off in Pakistan

2009-03-22 00:00:00

Md. Masum BillahPAKISTAN recently witnessed a high drama on its political stage. Of the two key players Nawaz Sharif won the day, both morally as well as in terms of public support. Asif Ali Zardari had to bow down in...

India end drought with thumping win

2009-03-22 00:00:00

HAMILTON, Mar 21 (Cricinfo): It had been 33 years since India won a Test match in New Zealand but the statistic was rendered obsolete after a six-wicket haul from Harbhajan Singh inspired a comprehensive 10-wicket victory at Seddon Park. Daniel...

Junaed among top ten run-getters

2009-03-22 00:00:00

Opener Junaed Siddique is the lone national batsman in the list of top 10 run getters in the shorter-version of the game in the first-phase of the Premier Division Cricket League, reports bdnews24.com. The left-handed batsman, playing for Surjo Tarun,...

Liverpool determined to sustain the high

2009-03-22 00:00:00

LIVERPOOL, Mar 21(AFP): Liverpool head into their match with Aston Villa desperate to avoid another feeling of anti-climax at Anfield. The Reds know that they will have to win almost all of their remaining nine games in the Premier League...

de Villiers blitz gives South Africa 442-run lead

2009-03-22 00:00:00

CAPE TOWN, Mar 21 (Cricinfo): An authoritative stand between AB de Villiers and Albie Morkel continued South Africa's domination - and Australia's agony - on day three in Cape Town. de Villiers ticked past his ninth Test century before he...