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GP submits final IPO application

2008-12-12 00:00:00

FE ReportGrameenphone Ltd lodged the final application for its initial public offering (IPO) of US$65 million (BDT 4.49 billion) with the Securities and Exchange Commission (SEC) Thursday.Grameenphone's Board of Directors had earlier approved the proposal for IPO placement of its...

Hasina starts polls campaign after visiting shrines in Sylhet

2008-12-12 00:00:00

Awami League (AL) President Sheikh Hasina offered fateha at the mazars of Muslim saints in holy city Sylhet Thursday before kicking off her campaign for the crucial December 29 parliament elections. On the other hand, BNP Chairperson Khaleda Zia is...

EC allows 120 candidates to contest polls

2008-12-12 00:00:00

After the four-day hearing of the appeals, the Election Commission (EC) has allowed 120 candidates to contest the December 29 election, reports UNB.EC sources indicated the prospect of allowing more candidates to contest after hearing of the appeals. The Returning...

ACC approves final reports in yet another 69 graft cases

2008-12-12 00:00:00

The Anti-Corruption Commission (ACC) has approved submission of final reports in yet another 69 graft cases involving 103 individuals including former BNP lawmaker Nasir Uddin Pintu, as allegations against them could not be proved, reports UNB.ACC Director General (admin) Col...

Four-party seat sharing finalised

2008-12-12 00:00:00

BNP keeps the lion's share of 260 seats for its candidates to contest the December 29 parliamentary election while the Jamaat candidates of the four-party alliance were given 38 seats, IOJ 4 and BJP 2. But Jamaat and BNP candidates...

Bogra road crash kills 7 of bridal party

2008-12-12 00:00:00

BOGRA, Dec 11: A microbus carrying bridal party from Ghoraghat in Dinajpur district met with a tragic accident leaving seven persons dead on the spot and six wounded at Rahabul in Shibganj Upazila Thursday. The police said three children, three...

HC refuses to hear petitions of Kazi Zafar, MK Alamgir

2008-12-12 00:00:00

The High Court (HC) apparently endorsed Election Commission (EC) decisions scrapping the nomination papers of Jatiya Party (JP) presidium member Kazi Zafar Ahmed and Awami League (AL) presidium member Mohiuddin Khan Alamgir for the upcoming parliamentary elections as it Thursday...

Edible oil prices 'to fall by end of this month'

2008-12-12 00:00:00

Doulot Akter MalaThe government is monitoring the retail and wholesale prices of edible oil in the local market as it has found that the import costs has declined by about 47 per cent in recent months. "We've observed the prices...

Adulterated ghee, butter oil flood local markets,says CAB

2008-12-12 00:00:00

FE ReportLocal markets are flooded with adulterated ghee and butter oil, posing a serious threat to public health, Consumers Association of Bangladesh (CAB) has revealed in its report.The report on adulterated ghee and butter oil was released at a views...

$2.0b WB fast-track facility to speed up grants to poorest states

2008-12-12 00:00:00

FE ReportThe World Bank (WB) Group has announced the creation of a $2.0 billion fast-track facility to speed up grants and long-term, interest-free loans to help the world's poorest countries cope with the impact of the global financial crisis, says...

Growth in Asia to drop as global slowdown bites: ADB

2008-12-12 00:00:00

HONG KONG, Dec 11 (AFP): Growth in Asia's developing economies will slow to 5.8 per cent in 2009, down from 6.9 per cent in 2008, as nervous global investors scale back regional interests, the Asian Development Bank said today. The...

CA opens Airport Road-Rokeya Sarani link road

2008-12-12 00:00:00

Chief Adviser Dr Fakhruddin Ahmed Thursday urged concerned institutions, architects, environmentalists, urban planners and conscious city dwellers to turn capital Dhaka into a planned city through joint efforts and ideas, reports UNB."The (present) government has taken short, mid and long-term...

Swiss embassy now to issue only Schengen visas

2008-12-12 00:00:00

FE ReportThe Swiss embassy in Dhaka from now on will issue Schengen visas to Bangladeshi businessmen and tourists as the Schengen agreement between Berne and the European Union comes into force today (Friday), a senior Switzerland government official said here...

President apprised of PSC office attack during BCS students’ sit-in

2008-12-08 00:00:00

Public Service Commission (PSC) bosses Sunday met President Iajuddin Ahmed and apprised him of the unwanted incident that took place on the PSC office premises on December 2 over the issue of the 27th BCS examination, reports UNB.A 9-member delegation...

UNGA recognises Int'l Mother Language Day

2008-12-08 00:00:00

The United Nations General Assembly for the first time adopted a Bangladesh-sponsored 'Culture of Peace' resolution recognising February 21 as the International Mother Language Day, reports bdnews24.com. "[The Culture of Peace resolution] is an annual feature, but this year it...

Govt files appeal with SC over HC's EPR ruling

2008-12-08 00:00:00

The government Sunday appealed to the Supreme Court to reverse the High Court ruling that cancelled key clauses of the Emergency Powers Rules (EPR), reports bdnews24.com. Deputy Attorney General Zahirul Islam Mukul said that they had filed an appeal against...

More than 160 US, NATO vehicles burned in Pakistan

2008-12-08 00:00:00

PESHAWAR, Dec 7 (AP): Militants blasted their way into two transport terminals in Pakistan on Sunday and torched more than 160 vehicles destined for US-led troops in Afghanistan, in the biggest assault yet on a vital military supply line, officials...

Celebrating Eid-ul-Azha in its true spirit

2008-12-08 00:00:00

THE Eid-ul-Azha will be observed throughout the country tomorrow (Tuesday) with the spirit of sacrifice and piety that are the central message of this occasion. This second greatest religious festival of the Muslims commemorates a momentous event. Prophet Ibrahim (sm)...

Land speculation in Dhaka city: a critical question

2008-12-08 00:00:00

Md. Shakil Bin Kashem and Salim RashidWE have long been in search of decentralised forms of governance. Many argue that it is the absence of adequate financing that prevents the Upazilas from being independent. This may be true for many...

Recession hitting most parts of global economy

2008-12-08 00:00:00

Fazle Rashid from New YorkMORE than 533,000 non-farm jobs were eliminated only in November making it the biggest job losses in the US in 30 years. This, the analysts underscored, indicate the depth of a recession that is spreading rapidly...

A proper investigation is needed

2008-12-08 00:00:00

THE deaths of Nurul Islam, president of Ganatantri Party, and his son, as a result of an accidental fire or foul play was tragic. Islam's son died immediately but the man fought on for 36 more hours before surrendering to...

For more objective news in the media

2008-12-08 00:00:00

REPORTS about incidents of clash in different places of the country over the nomination of major political parties for various electoral constituencies are appearing in the media these days. Some such reports are also conflicting. Are not such reported incidents...

In support of accreditation of FEMA

2008-12-08 00:00:00

WITH all surprise I came to know from the news media that FEMA did not get the accreditation from the Election Commission to observe the upcoming parliament election. I have come to know about FEMA since it came out with...

Coping with global economic meltdown

2008-12-08 00:00:00

Ferdous AlamONE direct casualty of the ongoing global financial crisis could be the volume of foreign aid that the rich countries have been regularly making available to the poor or developing ones. On its part, Bangladesh has progressively reduced its...

Two futile years?

2008-12-08 00:00:00

Muhammad Quamrul Islam WHAT is happening around and happened over the last two years proved totally discouraging. Friends and colleagues who had hopes on one eleven caretaker government (CG) in 2007 now feel frustrated. Unrest on the campuses, the state...

Regional cooperation thru’ BIMSTEC

2008-12-08 00:00:00

Muhammad Mahboob AliThe Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) groups Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka and Thailand. These seven countries, however, are yet to put this body as an effective regional organisation. The...

Traffic jam limiting our economic growth

2008-12-08 00:00:00

Mahbubul HaqueRECENT credit crunch in the USA and in so of the European countries have cast a gloomy picture on the economic arena of many countries. It is almost a recession in many countries. We have noticed fall of share...

Obama banking on large-scale public works project

2008-12-08 00:00:00

CHICAGO, Dec 7 (AP): President-elect Barack Obama said Saturday that he wants to revive the economy and create jobs by upgrading roads, schools and energy efficiency in a public-works programme whose scale has been unseen since construction of the interstate...

Financial crisis tipped to cut cost of air travel

2008-12-08 00:00:00

PARIS, Dec 7 (AFP): The price of air tickets should start coming down soon because of the world financial crisis, experts are predicting, while ruling out a plunge that would endanger the health of airlines. "If you keep prices too...

New refinancing window a boon for Indian SME sector

2008-12-08 00:00:00

NEW DELHI, Dec 7 (Internet): The new Rs 70 billion refinance window opened by Reserve Bank of India (RBI) has come as a ray of hope to the beleaguered and cash-starved micro and small enterprises (MSEs) sector, which account for...