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Bangladesh hurtles toward multiple economic zoning

2008-12-02 00:00:00

FE Report Bangladesh is set to move away from the traditional industrial park concept to a mixed type of zoning regime as it has approved an ordinance, allowing at least four types of economic zones to operate in parallel. Under...

Spl action plan to net big tax evaders in city this month

2008-12-02 00:00:00

Doulot Akter MalaThe revenue board has undertaken a special action plan to net the big tax evaders in the capital during the month of December aiming to strengthen the tax-base before the next elected government assumes office. The NBR has...

SEC to urge BB for raising lending capability of brokerage houses

2008-12-02 00:00:00

FE ReportThe Securities and Exchange Commission (SEC) will urge the central bank for enhancing the lending capacity of the brokerage houses to increase fund flow to the market.Currently, as per Bangladesh Bank Rules 2001, a broker is allowed to give...

Investors cheer as Dhaka stocks surge

2008-12-02 00:00:00

FE ReportDhaka stocks surged Monday as the investors cheered the move of the securities regulator to stimulate the market that had been suffering a bear run for long. Trading at the Dhaka Stock Exchange (DSE) opened with a higher note...

Homebound people facing difficulties in getting tickets

2008-12-02 00:00:00

Jasim Uddin Haroon Homebound city people contemplating to celebrate the Eid-ul-Azha with their near and dear ones have been facing difficulties in getting bus, launch, train tickets as most of tickets have been sold in advance. Hundreds of people are...

Row ends: JP leaders meet Hasina, get 50 seats

2008-12-02 00:00:00

Jatiya Party (JP) leaders Monday met Awami League (AL) president Sheikh Hasina and confirmed their share of 50 seats from the AL-led grand alliance to contest in the upcoming election to the 300-seat parliament, putting an end to hard bargains,...

EC to look into legal notice against Khaleda: Sakhawat

2008-12-02 00:00:00

Election Commissioner Brig Gen (retd) M Sakhawat Hossain Monday said the Election Commission (EC) would look into the legal notice against former prime minister and BNP chairperson Khaleda Zia after having the allegation against her, reports UNB.A Supreme Court lawyer...

Ministry preparing economic roadmap for next govt

2008-12-02 00:00:00

Shakhawat Hossain The finance ministry has initiated formulation of an economic roadmap for the next elected government to help it tide over a deepening global financial crisis, official said Monday.It will prepare such a roadmap in line with suggestion of...

Taka depreciates marginally

2008-12-02 00:00:00

FE Report Bangladesh taka (BDT) has been depreciated marginally by 0.48 per cent against the US dollar over a month following a rise in the demand for the greenback in the market. The depreciation of BDT has started since October...

Zafar new DCCI president

2008-12-02 00:00:00

Zafar Osman has been elected president, MS Shekil Chowdhury senior vice president and Md Sirajuddin Malik vice president of the Dhaka Chamber of Commerce and Industry (DCCI) for 2009-2010, says a press release.Zafar Osman, a former vice president and senior...

ACC may face challenges under political govt: Mashhud

2008-12-02 00:00:00

Anti-Corruption Commission (ACC) chairman Hasan Mashhud Chowdhury Monday admitted that there had been pressure on his Commission and there had been efforts to influence its activities, reports UNB."There has been pressure (on the Commission). There have been efforts to influence...

Govt to set up commodity stock exchange in city

2008-12-02 00:00:00

The government is planning to set up a commodity stock exchange here in the wake of global financial crisis and the price volatility of major international commodities. Commerce Ministry has already launched a study to examine the feasibility of setting...

Senator McCain likely to arrive today

2008-12-02 00:00:00

Senator John McCain, who was Republican nominee for the last US presidential election, is likely to arrive here today (Tuesday) but official confirmation was not available. "Previous schedule is still on…Arrival time may be changed but we can confirm it...

Brazil to open mission in Dhaka

2008-12-02 00:00:00

Brazil will open a resident mission in Bangladesh "soon" as bilateral trade increases. "This offer has been made in a note received from the government of Brazil by the ministry of foreign affairs," foreign adviser Iftekhar Ahmed Chowdhury said Monday....

First renewable energy policy set to be adopted

2008-12-02 00:00:00

M Azizur RahmanThe government is set to adopt the country's first renewable energy policy aiming to explore the untapped resources for meeting five per cent of the total electricity demand by 2015 and ten per cent by 2020, officials said...

Broken banks put the state back in the driving seat

2008-12-02 00:00:00

Philip StephensWe are watching a bonfire of the old orthodoxies as well as of the vanities. Late last month Barack Obama promised to spend hundreds of billions of taxpayers' dollars to prop up the sinking US economy. Gordon Brown's British...

BTRC publishes draft guideline for domestic VSAT-HUB licences

2008-12-02 00:00:00

FE Repot BTRC Monday published a draft guideline of providing licences to domestic VSAT-HUB operators with a view to increasing internet penetration in rural and urban areas and help bank, insurance, embassies and corporate entities to establish an integrated data...

Sacrificial animals start arriving in city

2008-12-02 00:00:00

FE Report Traders have started bringing in sacrificial animals in the city's makeshift markets much ahead of the Eid-ul-Azha festival, which begins on December 9.The markets are scheduled to formally start operating from December 6, three days ahead of the...

Proposal on PSI audit firm goes to advisory body tomorrow

2008-12-02 00:00:00

S M JahangirThe proposal on appointment of a pre-shipment inspection (PSI) audit agency will soon be placed before a government's decision-making body for approval, amid controversies over the qualification and experience of the selected company, sources said.The National Board of...

UN report predicts hard landing for dollar in 2009

2008-12-02 00:00:00

From Fazle RashidNEW YORK, Dec 1: The annual report on the world economy under the aegis of the United Nations to be released today predicts that the US dollar risks a hard landing in 2009, a report in a reputed...

Saikat steers Sylhet

2008-12-02 00:00:00

Opener Saikat Ali's century guided hosts Sylhet Division to a moderate 276 for 6 in 94 overs against league leaders Barisal Division on the first day of the 8th round match of the four-day Ispahani Mirzapore Tea 10th National Cricket...

Lee does it for Aussies

2008-12-02 00:00:00

Brett Lee bounced back from his troubled tour of India with nine wickets against New Zealand as Australia sealed a 2-0 series win, BBC reports. Lee took 4-66 and 5-105 as New Zealand made just 203 in their second innings,...

Razzak banned for illegal action

2008-12-02 00:00:00

Bangladesh spinner Abdur Razzak has been suspended from cricket over his illegal bowling action, BBC reports. Umpires Daryl Harper and Asoka de Silva reported him to the International Cricket Council (ICC) after the second Test against New Zealand last month....

BFF out to hunt booters in dists

2008-12-02 00:00:00

The Bangladesh Football Federation (BFF) has decided to run a long-term training camp from January next in a bid to produce standard footballers, bdnews24.com reports. In this regard, the BFF will initially search Under-15 footballers in 20 districts this month...

SL whitewash Zimbabwe

2008-12-02 00:00:00

Sri Lanka wrapped up a 5-0 series whitewash with victory over Zimbabwe in the final one-day match in Harare, reports BBC. The tourists had posted their lowest total in the series as Zimbabwe rattled them out for 152 with Ed...

Khulna advance to final

2008-12-02 00:00:00

Khulna DSA advanced to the final of the 29th National (Inter-District) Cricket Championship eliminating Barisal DSA by seven runs in a keenly contested first semifinal at Shams-ul-Huda Stadium in Jessore Monday.Khulna will play the final Thursday against the winners of...

Brothers beat Abahani

2008-12-02 00:00:00

Brothers Union Club beat holders Dhaka Abahani by 2-0 goals in a lone match of the Citycell 2nd B League at the Bangabandhu National Stadium in the city Monday, reports UNB. It was the 3rd win for Brothers Union after...

Furious Scolari wants ref apology

2008-12-02 00:00:00

Chelsea boss Luiz Felipe Scolari has demanded an apology from the match officials over Robin van Persie's first goal in the 2-1 defeat by Arsenal, BBC reports. The Dutch striker's first of two goals appeared to be offside but the...

Mumbai beats the terrorists

2008-12-01 00:00:00

The 60-hour siege of India's financial capital Mumbai is over. The last member of the terror squad that turned the city with a population of about 19 million into a war zone is claimed to have been flushed out of...

Faulty corporatisation of NCBs

2008-12-01 00:00:00

Shamsul Huq Zahid If you are an accountholder of a recently corporatised state-owned bank having your account with its principal branch located at the ground floor of the Bank's Head Office in the business district of Motijheel-Dilkusha, you have to...