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WB suggests enhanced public-private role in managing diploma institutions

2007-10-30 00:00:00

FE Report A new World Bank (WB) report has suggested that the government strengthen public-private partnership in managing diploma-level institutions to help make the country's vocational education system more responsive to the labour market needs."This (public-private partnership) should proceed on...

All indices, turnover decline on DSE

2007-10-30 00:00:00

FE ReportStock prices on the Dhaka Stock Exchange (DSE) Monday declined following price correction of some over-priced shares.Market operators said the prices of over-priced issues will come down normally in the price correction process, although most of the retail investors...

No deal with IMF before next general election

2007-10-30 00:00:00

Shakhawat Hossain The government is unlikely to strike a fresh deal with the International Monetary Fund (IMF) on the extension of the poverty reduction growth facility (PRGF) or any other lending arrangement before the next general election."The caretaker government (CG)...

UN warns of food inflation effects

2007-10-30 00:00:00

Javier Blas, FT Syndication ServiceLONDON: Rising food prices are likely to force developing countries to follow Russia's example and impose retail price controls to avoid social unrest, the United Nations' top agriculture official has warned.Jacques Diouf, director-general of the UN's...

Deadline for submitting tax returns extended by another month

2007-10-30 00:00:00

FE ReportThe National Board of Revenue (NBR) Monday extended the time for submission of tax return again by another month.The NBR has for the second time extended the period -- this time up to November 30 from earlier deadline October...

Nine militants held for links to grenade attack on Hasina

2007-10-30 00:00:00

Nine suspected operatives of the Islamic outfit Harkatul Jihad have been arrested along with 16 Arges grenades and other firearms in the latest hunt for the suspects in the August 21 grenade attack on Sheikh Hasina's rally, official sources said,...

Hasina declines to reply to investigators' queries

2007-10-30 00:00:00

Detained former premier and Awami League chief Sheikh Hasina refrained from helping the investigators with their inquiries into the graft charge involving a power-plant deal as she didn't get prior notice from the Anti-Corruption Commission (ACC) about the quizzing, reports...

Dhaka, Delhi agree to show utmost restraint along border

2007-10-30 00:00:00

The border-security forces of Bangladesh and India concluded a director general-level conference in the city Monday agreeing to show utmost restraint, and not to press the trigger in daytime to stop trespass, report bdnews24.com and UNB.Bangladesh Rifles (BDR) Chief Major...

EMRD will soon decide on pending FDI proposals

2007-10-30 00:00:00

M Azizur RahmanThe Energy and Mineral Resources Division (EMRD) will soon take decisions on a number of foreign direct investment (FDI) proposals that remain pending due to its non-clearance over the last couple of years. "As most of the FDI...

Govt won't raiseurea price soon

2007-10-30 00:00:00

FE ReportAgriculture adviser CS Karim said Monday the government has no immediate plan to enhance the existing official prices of urea fertiliser though enhanced subsidy to the item would put additional pressure on budgetary resources. Karim said this at a...

Investment rate needs to be raised to 5pc: WB

2007-10-30 00:00:00

FHM Humayan KabirBangladesh will need to increase the existing investment rate to 5.0 percentage points, relying on higher domestic saving, a World Bank (WB) policy paper said. In order to achieve this, three mutually reinforcing long-term transitions -- shift in...

30 hurt as garment workers clash with army, cops in N'ganj

2007-10-30 00:00:00

NARAYANGANJ, Oct 29 (UNB): Unruly garment workers went on the rampage, vandalized factories and locked in clash with army and police personnel here Monday, leaving at least 30 people wounded, including five cops.Witnesses and official sources said the Fatulla industrial...

President leaves for NY today

2007-10-30 00:00:00

President Iajuddin Ahmed leaves for New York today (Tuesday) on a week-long official visit to the United States. During his seven-day visit to the US, he would attend functions in Ohio and New Orleans. — UNB

Tokyo trade fair fetches $3.29m export orders

2007-10-30 00:00:00

A number of Bangladesh companies have received export orders worth US$ 3.29 million (32.9 lakh) at the Bangladesh Single Country Trade Fair held in Japan on October 22-25. Of the companies, five received spot orders worth $ 1.0 million while...

Youth shot dead in city

2007-10-30 00:00:00

A young man was shot dead allegedly by his friends in the city's Dhanmondi area early Monday. The dead was identified as Jasim (30). —UNB

RAB raids home of Purbani director, widens search for 'girlfriend'

2007-10-30 00:00:00

The Rapid Action Battalion seized up to 400 bottles of alcoholic beverages in an overnight raid on the home of a Purbani Hotel director in Dhanmondi early Tuesday as the elite force widened its search for his girlfriend with links...

Looming uncertainty over remittance income

2007-10-30 00:00:00

THE volume of remittance money sent by the Bangladeshi expatriates has been increasing at a faster rate in the recent years and it soared to US dollar 6.0 billion in the last fiscal year from a paltry amount of US...

Worries over swelling POL import bill

2007-10-30 00:00:00

Moazzem HossainTHE import bill on account of crude petroleum and petroleum products will record a further surge in fiscal 2007-08 as oil prices continue to soar in the global market. The international oil market remains overheated. Prices thereof have already...

Japan agonises over refuelling

2007-10-30 00:00:00

David PillingJAPAN'S parliament has begun an intense debate about the merits of a bill to extend the country's refuelling operations in the Indian Ocean, Tokyo's contribution to the US-led "war against terrorism" in Afghanistan.But what they will really be discussing...

Rights of citizens and the rule of law

2007-10-30 00:00:00

Sadeque AliWHILE the laws in Bangladesh seek to ensure the subservience or adherence of countrymen to them, a serious and unavoidable question remains whether the government and the legal system here adequately uphold the natural, legal and constitutional rights of...

Creating investment opportunities to encourage savings

2007-10-30 00:00:00

IT is important to create newer schemes of investment, other than the ones operated by the government, to attract the potential investors with the surplus. It is unfortunate that the savers, in many cases, fail to find the merit of...

Adulterated fuel

2007-10-30 00:00:00

ACCORDING to newspaper reports some authorised filling stations in and around Dhaka city and other areas of the country are engaged in selling adulterated fuel for higher profits. That's why vehicles, in increasing numbers are, turning up to repair shops...

Used syringes and needles

2007-10-30 00:00:00

NEWSPAPERS reported that some merchants of death consider it a good business to collect used syringes and needles at little or no price, wrap them in fresh packages and sell those for use. The reputed hospitals probably take care not...

Intellectual fallacies of the war on terror -- II

2007-10-30 00:00:00

Chalmers JohnsonTHIS is not the place to attempt a comprehensive review of Holmes' detailed critiques. For that, one should buy and read his book. Let me instead dwell on three themes that I think illustrate his insight and originality. Holmes...

UN envoy's visit to Burma -- facelift for junta?

2007-10-30 00:00:00

Marwaan Macan-Markar from BangkokWhile they welcome the return of a U.N. human rights envoy to Burma, political exiles from the country are asking pointed questions such as who stands to gain most from the high-profile visit. The concerns of groups...

Russian attacks on foreigners grow with economy's need for them

2007-10-30 00:00:00

Celestine BohlenSlapping a coat of paint on the pedestal of a bust of Lenin in a provincial Russian town may not be much of a job. Kuram, 49, says it beats making the equivalent of $16 a month back home...

China, ASEAN trade, economic ties enter new phase

2007-10-30 00:00:00

NANNING, Oct 29 (Xinhua): Bilateral trade and economic ties between China and the Association of Southeast Asian Nations, or ASEAN, has entered a new phase, with the establishment of the strategic partnership between the two, Chinese Vice Premier Zeng Peiyan...

Two-week training for Jamuna Bank officials starts

2007-10-30 00:00:00

FE ReportA two-week training course on Basics of Banking Operation for the officials of Jamuna Bank has started in the city recently.Jamuna bank Training Institute has organised the training, said a press release. The training will conclude on November 8.Managing...

Japan's MUFG expects subprime losses to rise six-fold

2007-10-30 00:00:00

TOKYO, Oct 29 (AFP): Japanese megabank Mitsubishi UFJ Financial Group (MUFG) said today that its losses on US subprime loans soared by as much as six-fold over two months to 263 million dollars. MUFG said in August that losses on...

Asian automakers winning a 50 year battle for US pocketbooks

2007-10-30 00:00:00

CHICAGO, Oct 29 (AFP): Fifty years after the first Japanese car coughed its way up the Hollywood Hills, it's hard to imagine a time when the Big Three US automakers sold 95 per cent of the cars on the road....