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CU expels 8 BCL activists

2009-03-20 00:00:00

Eight cadres of Bangladesh Chhatra League (BCL), the student wing of ruling Awami League, were expelled for one year from the Chittagong University (CU) for their unruly activities, reported UNB Thursday.The expelled students are: Rashedul Hannan, Fazle Rabbi, Sarwarul Islam,...

Falling prices frustrate N region Boro croppers

2009-03-20 00:00:00

SM Jahangir back from northern districts The lush-green 'Boro' fields in the country's northern region hardly make the farmers smile, as they are doubtful about recouping their cultivation costs against the backdrop of falling prices of the staple. While expressing...

Unusual rise in cancellation of LCs

2009-03-20 00:00:00

Siddique Islam Cancellation of letters of credit (LCs) for import has risen unusually in the last several months, according to officials. The cumulative value of LCs cancelled during July-January period of current fiscal (FY09) stood to $619.37 million. In July...

Share prices fall again, yet turnover hits all-time high

2009-03-20 00:00:00

FE ReportShare prices on the Dhaka Stock Exchange (DSE) dropped for the fourth consecutive day amid price fluctuation Thursday when the turnover hit an all time high.The turnover stood at Tk 6.48 billion, helped by higher volume of trading in...

Media's responsible role in anti-graft drive underlined

2009-03-20 00:00:00

FE Report Participants at a roundtable held in Dhaka Thursday made a unanimous observation that a free and responsible media had a vital role to play in the fight against corruption which is 'systemic and embedded institutionally' in Bangladesh. However,...

Annisul Huq calls for foreign investments in Bangladesh

2009-03-20 00:00:00

FE ReportBusiness leader Annisul Huq urged the foreign investors to invest in Bangladesh as the country is now ready for investment under the new democratic government."Here are a lot of scopes for investment," said the president of the Federation of...

Cairn seeks free market rights for gas exploration in block 10

2009-03-20 00:00:00

M Azizur RahmanBritish Cairn Energy has sought free market rights to sell gas to third party other than Petrobangla for its planned exploration works in onshore block no 10, officials said Tuesday.The company also wanted the entire Companiganj structure under...

Machine readable passport project gets go-ahead

2009-03-20 00:00:00

FE ReportThe Executive Committee of the National Economic Council (ECNEC) Thursday approved the much-awaited machine-readable passport (MRP) and visa project and decided in principal to appoint army to complete the scheme, officials said."The Prime Minister has asked the home ministry...

BAPEX asked to look for gas in Mobarakpur field

2009-03-20 00:00:00

FHM Humayan KabirThe government's highest policy-making body has asked the state-owned energy exploration company BAPEX to look for gas and oil reserve in prospective Mobarakpur field, officials said Thursday."The Prime Minister has directed BAPEX to start further exploration works this...

Undisclosed money may be legalised in next budget

2009-03-20 00:00:00

FE ReportThe government is considering the issue of making 'undisclosed money' legal in the next budget, said Commerce Minister Muhammad Faruk Khan Thursday."The issue has been discussed and the finance minister has already made a comment on the issue," he...

Policy for manpower export soon

2009-03-20 00:00:00

Labour, Employment and Expatriate Welfare Minister Khandker Mosharraf Hossain said Thursday the government would soon formulate a policy for manpower export to make the entire process transparent and hassle-free, reports UNB."A policy for this vital sector is needed and a...

BTCL, Korean co sign internet expansion deal

2009-03-20 00:00:00

Bangladesh Telecommunications Company Limited (BTCL) Thursday signed an agreement with Korean KT Corporation for implementation of Tk 2.80 billion 'Internet Information Network Expansion' project to build 'National IP Backbone' as part of the plan for developing a digital Bangladesh. —...

3 killed in road accident in city

2009-03-20 00:00:00

Three people were killed and another three injured, as a truck crashed into a car at Birulia Rasulpur in the city's Pallabi area Thursday. The deceased were identified as Shawkat Ali, 62, a retired official of Bangladesh Biman Airlines, his...

Deferred SSC exam begins

2009-03-20 00:00:00

The SSC examination on Mathematics (compulsory) and other subjects for the examinees, who failed to appear at their examinations due to the carnage at the BDR Headquarters, began at the Government Laboratory High School Thursday. A total of eight examinees...

Families of slain army officers get Tk 1.0m each

2009-03-20 00:00:00

Ministers, state ministers, whips, MPs and officials of the Prime Minister's Office on behalf of Prime Minister Sheikh Hasina handed over cheques for Tk 1.0 million to each family of the army officers killed in the BDR carnage. — UNB

The brave new world

2009-03-20 00:00:00

Mahmudur Rahman"Neither a borrower nor a lender be"William ShakespeareThere are times when the simplest of truths and wisdom drown in the deluge of worldly temptation. The consequences are such as what the world is now going through: an abyss if...

IMF warns global economy to shrink for first time in 60 years

2009-03-20 00:00:00

WASHINGTON, Mar 19(AFP): The global economy will shrink for the first time in 60 years in 2009, the International Monetary Fund warned Thursday as EU leaders balked at growing US pressure to spend more to ease the crisis.EU leaders on...

Avian influenza situation in Bangladesh stabilised: WB

2009-03-20 00:00:00

The overall avian influenza situation in Bangladesh has stabilised with significantly less outbreaks but remains a 'high-risk' country, according to a latest World Bank (WB) prescription, reports UNB.A press release of the funding agency Thursday said Bangladesh continues to remain...

Remittances from EU, US fall in Feb

2009-03-20 00:00:00

Siddique Islam The flow of inward remittances declined slightly from European Union (EU) and the United States (US) in February following the ongoing economic recession, the central bank officials said. The country received a total of US$ 128.30 million as...

Complaint against Gen Mashhud 'baseless'

2009-03-20 00:00:00

The internal enquiry committee of the Anti-corruption Commission (ACC) termed the complaint against the ACC Chief Gen Hasan Mashhud Chowdhury baseless and motivated, reports UNB.Former Prime Minister Khaleda Zia's Adviser Mahmudur Rahman made a complaint against the ACC chairman of...

Fed to pump extra $1.0t into financial system

2009-03-20 00:00:00

From Fazle Rashid NEW YORK, March 19: The US Federal Reserve in a bid to salvage a sinking economy has decided to pump in an extra $1.0 trillion into the financial system by purchasing Treasury bonds and mortgage securities. This...

45 new women MPs named

2009-03-20 00:00:00

The Election Commission declared 45 women candidates elected MPs uncontested Thursday, the last date for withdrawal of candidature for as many reserved seats in parliament, reports UNB. Among the 45 women's seats, the ruling Awami League got 36 while the...

Dozen garment exporters lose millions as UK retailer busts

Mushir Ahmed | 2009-03-15 00:00:00

At least a dozen Bangladeshi garment companies lost millions of dollars after a top retailer in Britain went bankrupt, in a chilling reminder of the devastation unleashed by the global economic crisis.Woolworths, an apparel retailer with more than 800 stores...

Madoff to appeal for bail, reveals net assets

2009-03-15 00:00:00

NEW YORK, Mar 14 (Reuters): Lawyers for jailed swindler Bernard Madoff argued for his release pending sentencing and a list of assets put he and his wife's net worth between $823 million and $826 million, according to court papers filed...

Death of the Generals

Maswood Alam Khan | 2009-03-15 00:00:00

There was a time when like many of my peers I couldn't think of dying; death news would make me emotionally cripple. When I was a child and even when I was an adolescent I was foolhardily confident that every...

DAD Touhid, 10 others jailed

2009-03-15 00:00:00

A Dhaka court ordered DAD Touhidul Alam and 10 other suspects in the BDR mutiny case to jail Saturday, reports bdnews24.com.Investigation officer and senior ASP of CID Abdul Qahhar Akhand requested the court to send the accused to jail allowing...

Policy on compensation for coalmine victims soon

M Azizur Rahman | 2009-03-15 00:00:00

The government has taken steps to frame a policy on providing compensation to coalmine victims to ensure uninterrupted operation at all the mines and safeguard the country's future energy security, officials said Saturday.The compensation policy will spell out packages for...

GM recalls 277,000 vehicles for gear problem

2009-03-15 00:00:00

CHICAGO, Mar 14 (AFP): General Motors is recalling nearly 277,000 new vehicles in the United States because of a problem with the gear shift that could cause parked vehicles to roll away, officials said yesterday.The problem stems from a clip...

Parliament session resumes today

2009-03-15 00:00:00

The first session of the ninth parliament resumes today (Sunday) after a recess for nine days, with important business in hand, reports UNB.The session will reconvene at 4:45pm.The much-awaited bills relating to separation of the judiciary from the executive will...

Germany, France back tougher global financial regulations

2009-03-15 00:00:00

BRUSSELS, March 13 (Xinhua): In an apparent showdown with the United States weeks ahead of the G20 summit in London, Germany and France joined hands in pushing for tougher global financial regulations, while rejecting Washington's call for more spending on...