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Asian budget airlines launch price war

2009-03-05 00:00:00

SINGAPORE, Mar 4 (AFP): Asian low-cost airlines are offering dirt-cheap tickets to perk up travel during the summer holidays amid the global economic downturn.Singapore-based Tiger Airways, which flies to destinations in Southeast Asia, Australia and China, announced Tuesday it would...

Eight die in S'ganj road accident

2009-03-05 00:00:00

SIRAJGANJ, Mar 4 (UNB): Eight people were killed and three others injured critically when a salt-laden truck plunged into a roadside ditch on Dhaka-Bogra highway at Baghbari in Kamarkhand Upazila early Wednesday.Seven of the deceased were identified as Akram (35),...

Tripura govt gives land for Pran investment

FHM Humayan Kabir | 2009-03-05 00:00:00

Pran Group, the country's agro-food processing conglomerate, has moved one step forward with its investment plan after India's Tripura state government has allocated four hectares (10 acres) of land near Agartala for setting up a plant, company officials said Wednesday."The...

Is postal department becoming redundant?

2009-03-05 00:00:00

I read a report in the papers which suggested that the postal system in our country had become almost redundant. Is it true? I can understand that the advent of mobile phone and easy accessibility for speaking to people stationed...

Agrani Bank opens exchange booth at ZIA

FE Report | 2009-03-05 00:00:00

Agrani Bank Limited (ABL) opened its exchange booth at the Departure Lounge of Zia International Airport (ZIA) in the city Monday, said a press release.ABL Board of Directors Chairman Siddiqur Rahman Choudhury and Civil Aviation Authority of Bangladesh Chairman Air...

NKorea threatens retaliation for any incursion

2009-03-05 00:00:00

SEOUL, March 4 (AFP): North Korea on Wednesday warned of "merciless retaliation" should US and South Korean forces intrude on its territory.The comments came five days before the start of a major military exercise by Seoul and Washington, which Pyongyang...

Addressing the rising terrorism

2009-03-05 00:00:00

THE attack on the Sri Lankan cricket team by terrorists on Tuesday is a glaring proof that terrorism, today, poses a very great threat to normal life and living in varying degrees in many parts of the world. But the...

Delta Life holds 28th EC meeting

FE Report | 2009-03-05 00:00:00

The 28th executive committee (EC) meeting of Delta Life Insurance Company Limited (DLICL) was held at Foy's Lake in Chittagong recently, said a press release.Delta Life Insurance Company Limited EC Chairman Syed Mukarram Ali presided over the meeting.Also present in...

Pilot project on updating voter list begins

2009-03-05 00:00:00

MANIKGANJ, Mar 4 (UNB): The Election Commission (EC) Wednesday began the work on implementing a pilot project for updating the voter list with photographs in four areas of the district.Chief Election Commissioner (CEC) ATM Shamsul Huda formally inaugurated the voter...

US auto sales drop 41pc to lowest level since 1981

2009-03-05 00:00:00

CHICAGO, Mar 4 (AFP): US auto sales extended their downward spiral in February, falling 41 per cent to the lowest rate since December 1981 amid a deepening economic crisis, industry data showed yesterday."We are in an automotive depression that is...

Bionic eye gives blind man sight

2009-03-05 00:00:00

A man who lost his sight 30 years ago says he can now see flashes of light after being fitted with a bionic eye, reports BBC.Ron, 73, had the experimental surgery seven months ago at London's Moorfield's eye hospital.He says...

Govt emphasising water supply, sanitation for all: Nanak

FE Report | 2009-03-05 00:00:00

The present government is putting special emphasis on ensuring water supply and sanitation for all as it is linked with public health, poverty alleviation and public welfare, State Minister for Local Government, Rural Development and Cooperatives Jahangir Kabir Nanak said...

Chevron donates sewing machines to grils' orphanage

2009-03-05 00:00:00

Chevron Bangladesh has recently donated sewing machines to a girls' orphanage on the premises of the Raynagar Shishu Poribar (Girls) in Sylhet, said a press release.Chevron Bangladesh Director (Health, Environment and Safety) Andrina Meier handed over the sewing machines to...

Adidas posts strong 2008 profit, says 2009 will be tough

2009-03-05 00:00:00

BERLIN, Mar 4, (AFP): The German sports equipment and clothing maker Adidas posted today a 2008 profit that exceeded its target, but the company warned that business would be tougher this year.Adidas made a net profit of 642 million euros...

Mutiny suspects placed on seven-day remand

2009-03-05 00:00:00

A Dhaka court Wednesday remanded the alleged leader of the February 25-26 BDR mayhem Deputy Assistant Director (DAD) Touhidul Alam, and four others into CID custody for seven days, report UNB and bdnews24.com.The five, arrested by RAB the previous day,...

Slump in manpower export: some issues

Shahiduzzaman Khan | 2009-03-05 00:00:00

Manpower recruiting agents in Bangladesh are fearing a 50 per cent slump in the demand for migrant workers due to the on-going global economic crisis. It could lead to a corresponding slump in remittance earnings, which is a bad news...

ICB AMCL announces NAV of four Funds

2009-03-05 00:00:00

The authorities of ICB AMCL First Mutual Fund, ICB AMCL First NRB Mutual Fund, ICB AMCL Second NRB Mutual Fund and ICB AMCL Islamic Mutual Fund have announced the net asset value (NAV) of those Funs, said a press release.According...

Swadhinata KS hold City Utd

2009-03-05 00:00:00

Swadhinata KS played to a 1-1 draw with City United Club in a match of the Citycell Metropolis 3rd Division Football League at the Bir Shreshtha Shaheed Sepoy Mohammad Mostafa Kamal Stadium at Kamalapur in the city Wednesday, reports UNB.Mohammad...

corporatewatch

2009-03-05 00:00:00

SEC issues show-cause notices to cos, menThe Securities and Exchange Commission (SEC) has issued show-cause-cum-hearing notices to Maq Paper Industries Limited, Sajib Knitwear and Garments Limited, Maq Enterprises Limited, Excelsior Shoes Limited, CMC-Kamal Textile Mills Limited, Pharmaco International Limited, M...

BPC for 15pc cut in LPG, furnace oil prices

2009-03-05 00:00:00

The government is going to reduce the prices of liquefied petroleum gas (LPG) and furnace oil by 15 per cent, as the state-owned Bangladesh Petroleum Corporation (BPC) has already planned this moderate cut, reports UNB.Officials said BPC has proposed to...

Imran slams 'shameful' security for Sri Lankan squad

2009-03-05 00:00:00

LONDON, Mar 4 (AFP): Former Pakistan cricket captain Imran Khan told the BBC Tuesday the ambush on the Sri Lankan team in Lahore was one of the worst security failures ever seen in his country.Khan, who retired from cricket in...

Security threats facing country

Enayet Rasul Bhuiyan | 2009-03-05 00:00:00

The scenes of apparent calm in front of BDR's Peelkhana headquarters is deceptive. An ordinary passerby may find the prevailing normal traffic movement on the road in front of the headquarters as a sign of normalcy. But more informed people...

Coins scarcity in Sirajgonj

Our Correspondent | 2009-03-05 00:00:00

SIRAJGANJ, Mar 4: People of the district have been suffering for the want of coins and notes of small denominations for a long time.Serious shortage of smaller coins and notes all over the district including nine upazilas has made financial...

BDR revolt: Challenges ahead

Mohammad Shahidul Islam | 2009-03-05 00:00:00

THE surprise revolt by the soldiers of Bangladesh Rifles (BDR) has ended but not before it rattled a new government, which came to power only last month with a thumping majority, raising expectations of lasting stability. Although the expressed reason...

Internal buyers lend more support

FE Report | 2009-03-05 00:00:00

There was a stronger demand in the week for all varieties particularly the end of season types. Internal buyers lent more support particularly the Loose tea trade. Pakistan showed more interest for the plainest types. Dusts sold well at generally...

NCC Bank holds orientation course for new officers

FE Report | 2009-03-05 00:00:00

NCC Bank Training Institute organised an 'orientation course' for the newly recruited probationary officers of the bank in the city recently, said a press release.NCC Bank Chairman Tofazzal Hossain inaugurated the course as chief guest, while Managing Director of the...

DSE moves in to control junk wheeler-dealers

FE Report | 2009-03-05 00:00:00

The Dhaka Stock Exchange (DSE) will go tough on worst performing shares to put a lid on their abnormal price rise.The prime bourse has taken a set of measures including exclusion of Z-category companies from the top ten gainers' list,...

Govt mulling over 'Competition Act'

FE Report | 2009-03-05 00:00:00

The government is considering enacting a 'Competition Act', aiming to help increase competitiveness among businesses so that they offer quality goods and services at fair prices.One of the main objectives of the proposed act is that although prices and quality...

Chevron gets Petrobangla nod this week on Block-7 survey

A Z M Anas | 2009-03-05 00:00:00

The state corporation Petrobangla will approve this week Chevron Corp's 2009 capital investment plan as the American company looks to conduct a seismic survey in the Southwestern region, officials said Tuesday.The second largest US oil group said it would put...

BJSA concerned at fall in jute goods' demand, prices abroad

FE Report | 2009-03-05 00:00:00

Bangladesh Jute Spinners Association (BJSA) voiced Wednesday their deep concern over the downward trends of both demand and prices of local jute goods in the export markets against the backdrop of the global financial meltdown.The apex body of the local...