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Benazir rules out alliance with Musharraf, looks for Sharif

2007-11-14 00:00:00

ISLAMABAD, Nov 13 (Agencies): Britain and America's strategy for a "peaceful transition to democracy" in Pakistan appeared to be unravelling today after the former prime minister Benazir Bhutto announced a definitive break with President Pervez Musharraf. Bhutto also indicated that...

Khaleda serves legal notice on EC for inviting Hafiz faction

2007-11-14 00:00:00

Counsel of detained BNP Chairperson Khaleda Zia Tuesday served a legal notice asking the Election Commission (EC) to withdraw or revoke within 48 hours the letter inviting Hafizuddin Ahmed as BNP representative for its November 22 dialogue on electoral reforms,...

Cyclone SIDR turns into hurricane

2007-11-14 00:00:00

The severe cyclonic storm SIDR over the Bay has turned into a hurricane with strong winds in its core, prompting the Met Office to advise the country's sea-ports to hoist warning signal no-4, reports UNB.A latest special weather bulletin on...

Oil demand cools after record prices

2007-11-14 00:00:00

Javier Blas FT Syndication ServiceRIYADH: Recent record high oil prices are beginning to depress demand for crude, an energy watchdog said on Tuesday.The International Energy Agency (IEA) revised its forecasts for oil demand for the rest of this year and...

BB intervention in forex market continues

2007-11-14 00:00:00

FE Report The Bangladesh Bank (BB) again intervened in the inter-bank foreign exchange market Tuesday through sale of the greenback to keep the market stable. The central bank sold US$12 million at prevailing market rate to five commercial banks on...

Fibre optic cable severed again, sabotage suspected

2007-11-14 00:00:00

The country's fibre optic cable was severed again early Tuesday, 40-km from Chiringa in Cox's Bazar, said the Bangladesh Telegraph and Telephone Board (BTTB). BTTB officials suspected that a business cartel was involved in the latest incident, which followed three...

Myanmar guards abduct 16 Bangladeshis

2007-11-14 00:00:00

Border security forces from Myanmar allegedly abducted 16 Bangladeshis and seized two fishing trawlers while they were fishing in Bangladesh waters in the Bay of Bengal near Saint Martin Island Monday evening. The Nasaka members released three of them after...

Exports from leading sectors expected to grow in Q2

2007-11-14 00:00:00

FE Report Exporters have expressed the hope that exports from the country's leading export earning sectors will grow in the second quarter to December 2007, as they were receiving good orders from the importing countries. They also said the pace...

Dhaka, Yangon agree to boost trade ties

2007-11-14 00:00:00

Bangladesh and Myanmar Tuesday agreed to enhance trade volume between the two neighbouring countries for mutual welfare, as they tred to give a boost to bilateral cooperation, reports UNB.The consensus came out of a meeting between Finance Adviser Mirza Azizul...

Public sector employees favour rationing system

2007-11-14 00:00:00

FE Report Many public officials and employees are favouring the supply of essential commodities through rations to absorb the high inflationary pressures mainly caused by increasing food item costs, sources said.They have already pleaded to a committee formed under the...

$274m foreign aid received in Q1

2007-11-14 00:00:00

FE ReportBangladesh received foreign assistance worth US$274.26 million during the first quarter of the current fiscal, which is $149.25 million higher than that of corresponding period of the last fiscal, official sources said.The amount of overseas aid was worth $125...

Last- Vendors

2007-11-14 00:00:00

CJ urges judges, lawyers to benefit from judiciary separation

2007-11-14 00:00:00

MYMENSINGH, Nov 13 (UNB): Chief Justice (CJ) Md Ruhul Amin today (Tuesday) called upon the judges and lawyers to work together to derive benefits from the judiciary separation.The CJ made the remarks while exchanging views at a meeting with lawyers...

NBR seeks opinions about continuation of PSI system

2007-11-14 00:00:00

FE ReportThe National Board of Revenue (NBR) Tuesday sought reports on the opinions expressed by field-level officers on the continuation of pre-shipment inspection (PSI) system within next seven days.The board Tuesday held a meeting with all customs house commissioners for...

Task force on siphoned-off funds meets tomorrow

2007-11-14 00:00:00

FE ReportThe high-powered government taskforce on the repatriation of money siphoned off by corruption suspects will hold a meeting tomorrow (Thursday) to discuss the future course of action on the part of the Bangladesh in light of law ministry's negative...

Govt urged to investigate corruption in NGO sector

2007-11-14 00:00:00

A coalition of local NGOs urged the government and the Anti-Corruption Commission (ACC) to conduct investigations into 'corrupt practices' in the NGO sector for ensuring accountability of the aid-depended non-governmental organisations operating in the country, reports UNB.The plea came from...

'Design contract' of BCFEC approved

2007-11-14 00:00:00

FE Report The government has approved the 'design contract' of Bangladesh-China Friend-ship Exhibition Centre (BCFEC), which will be established on 39.45 acres of land at a cost of 210 million Yuan.Shahab Ullah, vice chairman of Export Promotion Bureau (EPB), and...

'Design contract' of BCFEC approved

2007-11-14 00:00:00

FE Report The government has approved the 'design contract' of Bangladesh-China Friend-ship Exhibition Centre (BCFEC), which will be established on 39.45 acres of land at a cost of 210 million Yuan.Shahab Ullah, vice chairman of Export Promotion Bureau (EPB), and...

Signing of vendors' agreement for 3 NCBs likely today

2007-11-14 00:00:00

FE ReportThe vendors' agreement to hand over assets and liabilities of state-owned Sonali, Janata and Agrani to the new banking companies is likely to be sealed today (Wednesday)."The vendors' agreement with the newly-formed public limited companies (PLCs) is expected to...

Seeking of SC rule on polls not held in 90 days is a matter of govt: CEC

2007-11-14 00:00:00

To seek the direction of the Supreme Court (SC) on election not being held within the constitutionally mandated 90 days time is a matter of the Caretaker Government (CG), not of the Election Commission (EC), said CEC Dr ATM Shamsul...

Oman keen to invest in fertiliser sector

2007-11-14 00:00:00

Oman is keen to invest in fertiliser production in Bangladesh, said FBCCI President Mir Nasir Hossain after his three-day visit to explore the economic and trade opportunities available in Oman, reports bdnews24.com. Hossain said, the south-west Asian country also wanted...

Adviser's husband sued

2007-11-14 00:00:00

A woman Wednesday sued businessman Nazim Kamran Chowdhury, husband of industry adviser Geeteara Safiya Choudhury, and eight others on charges of land grab and physical harassment. Farhana Islam, wife of Dr Mahbubul Islam, filed the case with the Chief Metropolitan...

Hurricane with Katrina force blows in

2007-11-14 00:00:00

The Meteorological Department Tuesday sounded a special warning for the Chittagong port area as the severe cyclonic storm 'SIDR' turned into a hurricane. Hundreds of ships and fishing boats headed back to port. Meteorologists said the storm, packing winds of...

Pak opposition threatens to boycott election

2007-11-13 00:00:00

ISLAMABAD, Nov. 12 (Agencies): Two of Pakistan's biggest opposition parties said today they would likely boycott parliamentary elections due to be held in early January if the president, Pervez Musharraf, persists in holding the vote while still maintaining emergency rule.However,...

Export, import thru' Benapole suspended

2007-11-13 00:00:00

Export and import through the Benapole land-port was disrupted since Monday morning following an indefinite strike on the Indian side. Reports from across the border said, Trinomul Congress and its allies have called the strike in West Bengal to protest...

Tk 100m arsenic project launched

2007-11-13 00:00:00

The Integrated Community Based Arsenic Mitigation Programme, costing Tk 100 million, has been launched in the city Sunday. The programme, funded by the EU, will be implemented in 100 critical unions in 20 districts across the country. NGO Forum for...

Rice import from Myanmar begins

2007-11-13 00:00:00

Rice import from Myanmar started again Monday after a one-and-a-half-year break under a crash course to bring down the soaring prices of the staple on the domestic market. An official said, 7,400 kgs of rice in 148 sacks were released...

Operation of 2 fertiliser factories suspended

2007-11-13 00:00:00

Production in the country's two largest fertiliser factories - Karnaphuli Fertiliser Company Ltd and Chittagong Urea Fertiliser Ltd - was suspended Monday due to gas-pipeline pigging operation. Pigging operation on about 200-km of gas pipeline of Bakhrabad Gas System Limited...

Govt to enforce competition law

2007-11-13 00:00:00

The government has taken steps to enforce a new law titled "Competition Law in Bangladesh" to control the soaring prices of essentials and create what it said was healthy competition among businessmen, reports bdnews24.com. A 12-member committee led by Additional...

Dhaka keen to use Myanmar gas to produce fertilizer

2007-11-13 00:00:00

FE Report Dhaka has shown its interest to use Myanmar gas to produce fertiliser in Bangladesh and export it back to that country.The proposal was made by the Bangladesh delegation at the second Myanmar- Bangladesh Joint Trade Commission meeting, held...