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Crucial challenge ahead in global trade negotiations

2007-10-28 00:00:00

FE ReportThe country faces a crucial challenge in international trade negotiations over the next six months in the event of US presidential poll, soaring prices of oil and food items in world markets and adverse international political environment, said Debapriya...

Market monitoring to be intensified

2007-10-28 00:00:00

FE ReportThe caretaker government, concerned over the continuous hike in the prices of essentials, decided Saturday to intensify direct supervision and monitoring of the market situation from the highest level.Chief Adviser Fakhruddin Ahmed at the weekly meeting of Council of...

JMBA finds 5 firms well-compliant

2007-10-28 00:00:00

FE Report The government says it has reservation about one of the six firms short-listed by the Asian Development Bank (ADB) for submission of technical proposal on detailed design of the Padma Bridge, sources said.The Jamuna Multipurpose Bridge Authority (JMBA),...

No ‘immediate’ impact of oil price hike on local mkt

2007-10-28 00:00:00

FE Report The skyrocketting oil prices, set to touch to US$100 a barrel soon, are unlikely to leave an "immediate" adverse impact on the domestic market as there is no possibility of supply shortfall until the end of this year.But...

Drug dealers Huda, Hasan on 8-day remand

2007-10-28 00:00:00

Amin Huda and his associate Ahsanul Haque Hasan, arrested on charge of drug trading were given to eight-day police remand in two cases when they were produced before the court Saturday. Amin Huda, nephew of business tycoon Aziz Mohammad Bhai,...

Maersk to build ICD at Ctg port investing Tk 2.0b

2007-10-28 00:00:00

Jasim Uddin Haroon The Maersk Line, one of the leading main line operators in the world, is planning to invest in Bangladesh's port infrastructure.The world's shipping giant is going to construct a full-fledged modern private inland container depot (ICD) in...

Inter-ministerial review of bilateral trade, investment tomorrow

2007-10-28 00:00:00

Naim-Ul-KarimAn inter-ministerial meeting will be held tomorrow (Monday) to assess the position of Bangladesh in bilateral trade, commerce and investment with the next-door neighbour, Myanmar, ahead of the second Joint Trade Commission (JTC) meeting scheduled for November 12 next in...

Remittance flow from Gulf states may face setback

2007-10-28 00:00:00

FE Report Bangladesh's remittance earning from manpower export to six Gulf Cooperation Council (GCC) states might face a serious blow if Bahrain's proposal for a 6-year residency cap on all expatriates working in the Gulf is approved next month.Plans that...

NCBs to get credit support to help BPC finance import of fuel oils

2007-10-28 00:00:00

FE Report The Bangladesh Bank (BB) has started processing its US$300 million credit support to state-owned commercial banks for financing import of petroleum products by Bangladesh Petroleum Corporation (BPC).The central bank has initially agreed to provide such credit facility to...

Petrobangla in dark about Sangu stake sale of Cairn

2007-10-28 00:00:00

Petrobangla is not aware of the sale of Scottish company Cairn Energy's 37.5 per cent stake in the country's lone offshore Sangu gas field to Australian company Santos, the state-run oil and gas company's chief said Saturday. Santos in a...

Bhuiyan, his followers trying to find way back into party, claims Delwar

2007-10-28 00:00:00

BNP Secretary General Khandaker Delwar Hossain Saturday claimed that expelled leader Abdul Mannan Bhuiyan and his associates are now trying to find different ways to return to the party, report bdnews24.com and UNB.They will not be able to return through...

E-mail, web page opened to contact CA

2007-10-28 00:00:00

An email - [email protected], and a web page www.cao.gov.bd/feedback/comments.php - have been launched at the Chief Adviser's office, so that all can directly communicate with the head of the Caretaker Government, reports UNB."Any citizen of the country or anyone else...

Voter listing in DCC area begins Nov 20

2007-10-28 00:00:00

Voter listing in the capital, the most arduous job for the Election Commission (EC) in the nationwide task, will get off on November 20 with hosts of enumerators beginning to knock the doors for voters' particulars, reports UNB.The enumerators would...

NBR to decide fate of PSI cos by Feb following complaints

2007-10-28 00:00:00

The National Board of Revenue (NBR) is going to decide the fate of Pre-Shipment Inspection (PSI) companies by next February as they are implicated in complaints of improperly doing their import-inspection jobs, reports UNB.The previous BNP-led 4-party alliance government appointed...

Burma junta's exports lose sparkle

2007-10-28 00:00:00

Amy Kazmin, FT Syndication Service BANGKOK: For centuries, Burma's gem mines have supplied some of the world's best rubies, jade and other gemstones coveted by couture jewellers and their wealthy customers. In recent years, these stones have also been a...

Businessman gunned down in city

2007-10-28 00:00:00

A businessman was gunned down by unknown assailants in the city's Jhigatola area Saturday night, reports UNB.The victim was identified as Habibur Rahman alias Shahazada (30), a garment machinery trader, and son of Abdul Matin. Witnesses said, the gunmen sprayed...

Bar war criminals from polls: NAP

2007-10-28 00:00:00

The National Awami Party (Muzaffar) Sunday ratcheted up the call on the Election Commission to bar the known anti-liberation elements and war criminals from taking part in elections. The fringe political party made the demand when it joined a dialogue...

Moeen returns home

2007-10-28 00:00:00

Army chief General Moeen U Ahmed returned home shortly after Saturday midnight after a tour of three countries, an official said. Wazir Uddin Ahmed, spokesman for the Inter-Service Public Relations Directorate, told bdnews24.com: "The army chief returned home soon after...

New law to equip executive magistrates with judicial powers: Mainul

2007-10-28 00:00:00

A new law is in the making to arm executive magistrates with judicial powers, law adviser Mainul Hosein said Sunday. "A draft law has already been made. It will be reviewed, amended and finalised soon. It is a separate law,"...

Legal notice on govt to cancel Debapriya's Geneva appointment

2007-10-27 00:00:00

A lawyer Thursday served a legal notice on the government seeking cancellation of Debapriya Bhattacharya's appointment as Bangladesh's permanent representative to the United Nations Offices in Geneva. The notice asked the government to cancel the appointment by Oct 29, saying...

College girl among three killed in city road accidents

2007-10-27 00:00:00

Three people, including a college girl, were killed and another was critically injured in separate road accidents in the city Friday. Police said Farjana Yasmin Munira (24), a 2nd year honours student of Dhanmondi City College, died on the spot...

Dhaka expects positive outcome at USTR hearing

2007-10-27 00:00:00

FE Report The government expects a positive outcome after submission of all required clarification and documents in support of protection of labour rights in the country at the United States Trade Representative (USTR) in Washington DC on Friday."We are optimistic...

NBR to decide fate of a PSI co by Dec

2007-10-27 00:00:00

The National Board of Revenue (NBR) appears to decide the fate of Pre-Shipment Inspection (PSI) company M/S Cotecna Inspection SA by December next as it is facing various allegations, particularly in inspection of Sports Utility Vehicles (SUVs)."There are nine allegations...

Meghna threatens Hatiya business hub

2007-10-27 00:00:00

A Z M AnasHatiya (Noakhali): Hatiya's business heartland Tamaraddi Bazaar is facing the risk of being wiped out in less than a year as a result of the Meghna's erosion, fuelled mainly by climatic as well as geo-morphological changes.If the...

Experts’ body meets today

2007-10-27 00:00:00

FE ReportThe expert committee designated to finalise the proposed National Coal Policy will sit today (Saturday) to discuss certain critical issues, especially operational authority and methods of mining, which have to be reflected in it.Headed by former vice chancellor of...

DU, RU, JU reopen tomorrow

2007-10-27 00:00:00

DU CorrespondentAll academic activities of Dhaka, Rajshahi and Jagannath University will resume tomorrow (Sunday) after a 66-day long unscheduled closure including the vacation of Eid and Durga Puja. Classes of Jahangirnagar University however resume today (Saturday). The executive council of...

Norwegian delegation to review status of development projects

2007-10-27 00:00:00

Naim-Ul-KarimA high-powered delegation of the Norwegian government is expected to arrive in the city by the end of this month to discuss areas of cooperation and review the status of the development projects funded by that country in Bangladesh, a...

Investors' hunt for shares continues

2007-10-27 00:00:00

FE ReportThe turnover and market capitalisation of the Dhaka Stock Exchange (DSE) reached new highs in the week ended Thursday due to investors' continued enthusiasm to buy shares, particularly those belonging to bank, power and mutual fund sectors.The daily turnover...

Yaba gives instant euphoria but casts a deadly effect

2007-10-27 00:00:00

Yaba that sent a wave of shock and fear among most guardians in urban area after the sensational unearthing of its manufacturing unit in posh Gulshan area of the city poses a threat to society, reports UNB. Yaba, the Thai...

India eases restrictions on foreign investors

2007-10-27 00:00:00

Joe Leahy, FT Syndication ServiceMUMBAI: India's stock market regulator eased the criteria for foreign institutional investors seeking to register to buy shares in the country's domestic market on Thursday, potentially opening the door wider for the entry of more hedge...