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ballseye

2008-11-19 00:00:00

Saiful KaiserMohammad Yousuf as you know finally ended his problems with regards to joining ICL or IPL-he finally joined ICL and helped them the championship as well-but puts the blame squarely on the doorstep of the Pakistan cricket authorities, the...

Bappi clinch singles title

2008-11-19 00:00:00

Mohammad Masudul Alam Bappi emerged champion in the singles event of the Intra Club Snooker Tournament-2008 beating Mohammad Mostaqur Rahman in the final at the snooker room of Uttara Club in the city Monday, reports UNB.

Investors' response lukewarm despite loan-margin hike

2008-11-19 00:00:00

FE ReportDhaka stocks extended loses for the fourth consecutive day Tuesday despite the capital market regulator's decision to increase the margin of loans provided by the merchant banks.The benchmark DSE General Index (DGEN), All Shares Price Index (DSI) and DSE20...

Export of all varieties of rice banned for six months

2008-11-19 00:00:00

Shakhawat Hossain The government has imposed export ban of all varieties of rice for a period of six months to boost the supply of the staple in the local market.The official move came after reports that a section of unscrupulous...

BSF apology and the dumb foreign office

2008-11-19 00:00:00

Shamsul Huq Zahid Yet again some trigger-happy members of the Indian Border Security Force (BSF) entered a border village in Panchagar in the north of Bangladesh last Sunday night, opened fire indiscriminately on the villagers, killing three people, including a...

G20 summit and the Obama factor

2008-11-19 00:00:00

Zaidi SattarPresident-elect of the USA, Barack Obama, manifestly cast a long shadow on the outcome of the just-concluded Washington summit of G20 developed and large emerging economies. He chose to sit out the meeting, sending, instead, his emissaries who were...

Merchant banks' loan margin now 1:1.5

2008-11-19 00:00:00

FE ReportThe Securities and Exchange Commission (SEC) raised Tuesday the loan margin ratio for merchant banks to 1:1.5 from the existing 1:1 in order to enhance fund flow into the sluggish market.The commission also approved the initial public offering (IPO)...

Election can't be deferred for a day: Hasina

2008-11-19 00:00:00

Jatiya Party (JP) has joined the Awami league-led electoral alliance after a meeting JP chairman Hussain Muhammad Ershad and Awami League (AL) president Sheikh Hasina Tuesday. The meeting started at around 2:30 pm at Hasina's Sudha Sadan home, report bdnews24.com/UNB....

Five advisers hold talks with Khaleda, Hasina

2008-11-19 00:00:00

Five advisers seen as government negotiators Tuesday night began parley with Awami League President Sheikh Hasina, also main leader of the regrouping grand alliance, presumably on an option for rescheduling the parliament elections to accommodate the BNP-led alliance in the...

Obama, McCain meet to find way out of a grave financial crisis

2008-11-19 00:00:00

From Fazle Rashid NEW YORK, Nov 18: Dismal and gloomy forecast about the global economy is pouring in from all directions. A survey undertaken on behalf of the Federal Reserve Bank of Philadelphia revealed that the US economy has been...

Arrest warrant issued against MDs of two powdered-milk cos

2008-11-19 00:00:00

A court in Dhaka Tuesday issued arrest warrants against the Managing Directors of two companies for selling three Chinese brands of powdered milk without displaying registration numbers and expiry dates on their containers, reports UNB.Those against whom the arrest warrants...

Khulna Hardboard Mills suspends production

2008-11-19 00:00:00

KHULNA, Nov 18: The authorities of the Khulna Hardboard Mills have suspended its production from Sunday night for non-supply of furnace oil, leaving about 250 daily workers jobless. Managing Director (MD) of the mills Khalilur Rahman told the news agency...

2 bodies recovered from city hotel

2008-11-19 00:00:00

Bodies of two traders were recovered from a residential hotel at Kaptanbazar in the old part of Dhaka Monday night. The victims were identified as Ashraful Huda Tutul (42), and Habibur Rahman Habib (43), hardware shop owners on Nawabpur Road....

No traffic on Meghna Bridge for 18 hrs from tomorrow

2008-11-19 00:00:00

Vehicular movement over the Meghna Bridge on Dhaka-Chittagong Highway will be suspended for 18 hours from 6:00pm tomorrow (Thursday) to 12:00 noon Friday. The decision was taken for emergency repair works of the bridge, said a Communication Ministry release Tuesday....

British Airways pullout to sully country's image

2008-11-19 00:00:00

A Z M Anas The decision of British Airways (BA) to drop its Dhaka operations will have "a catastrophic impact" on Bangladesh's booming air travel industry, and also tarnish the country's image abroad, industry leaders and analysts said Monday. The...

Country's tourism industry feels pinch of global financial crisis

2008-11-19 00:00:00

Naim-Ul-Karim The country's tourism industry felt the pinch of the global financial tsunami and the political instability as these led to a huge drop in arrivals of foreign tourists, operators said Tuesday.They said political instability surrounding the parliamentary election, scheduled...

Agri credit disbursement marks 37.73pc growth in four months

2008-11-19 00:00:00

FE Report Agriculture credit disbursement recorded a robust growth of 37.73 per cent in the first four months of the current fiscal following some measures, including relaxation of its rules and regulations, taken by the central bank. Eight state-owned banks...

Bangladesh to join UN confce on global financial crisis in Doha

2008-11-19 00:00:00

FHM Humayan KabirThe United Nations (UN) is going to organise an international conference on "financing for development" from the last week of November in Doha in a bid to find out ways to weather the global financial meltdown, officials said...

CCCI urges NBR to realise duty as per present int'l market prices

2008-11-19 00:00:00

FE Report Chittagong Chamber of Commerce and Industry (CCCI) urged Tuesday the National Board of Revenue (NBR) to realise duties on the basis of present international market prices.The chamber body has claimed that as a result of valuation under old...

developments in the region and abroad

2008-11-19 00:00:00

Pirates anchor supertanker off SomaliaNAIROBI, Nov 18(CNN): A hijacked supertanker carrying up to $100 million worth of crude oil -- the largest vessel seized to date in an escalating regional piracy crisis -- was believed to have anchored off Somalia...

Bracing for the difficult days ahead

2008-11-18 00:00:00

THE economic meltdown that the richest nations on earth have been experiencing in recent times is gradually drawing all other economies far and near into its maelstrom. The smaller economies like Bangladesh have so far escaped the early onslaught of...

About banks' interest spread and non-performing loans

2008-11-18 00:00:00

Shamsul Huq Zahid A recent Bangladesh bank report has revealed an unsatisfactory performance of the country's scheduled banks as far as their loans are concerned.The banks have the second highest interest rate spread (5.75 per cent) in South Asia, Sri...

Utilisation of migrant workers' remittances

2008-11-18 00:00:00

Mokhlesur RahmanBANGLADESHIS working abroad sent home a record $829 million in July 2008, marking a 46.27 per cent growth over the corresponding period of the previous year.The remittance received in July was a new monthly record in the country's history...

A journalist the financial world trusted

2008-11-18 00:00:00

Sue CameronWHAT a sad irony that Marjorie Deane, chronicler of the financial world for half a century and close confidante to the greatest names in banking, should have died at the age of 94 just as the credit crunch was...

For the improvement of power supply

2008-11-18 00:00:00

THE existing transmission system, dilapidated as it is in many points, disrupts power supply off and on. The lack of repair and maintenance of the transmission system remains a major cause for frequent power outages in many places of the...

Hawkers' future

2008-11-18 00:00:00

THE drive to free the city pavements and streets from the illegal vendors has been stopped without any reason. It is true that the present government had to face harsh criticism when it launched a massive drive to evict them...

Distribution of khas lands

2008-11-18 00:00:00

MEDIA reports sometime ago highlighted that in the Sylhet district about 53 per cent of the distribution of khas lands remained pending while the 47 per cent of those who received khas lands against their names were undeserving persons. Locally...

Prohibiting the bane of so-called ‘Fatwa’

2008-11-18 00:00:00

Barrister M. A. Muid KhanTHE other day, my best friend asked me to write an article on how a Muslim woman could remarry the same husband without having any intervening marriage. She feels that due to the strict application of...

A scientific approach to tapping nation's HR potential

2008-11-18 00:00:00

Professor Muhammad Raushan AliEDUCATION is the key to success. It is the single most important factor for human resource development. Education helps acquire knowledge and unfold inner potentials of an individual. An educated person develops analytical and critical faculties which...

Recession spreads to Japan, IMF needs more money

2008-11-18 00:00:00

LONDON/TOKYO, Nov 17 (Reuters): Japan became the latest major economy to fall into recession Monday with France close behind, and the International Monetary Fund (IMF) said it needed at least 100-billion-dollar to fight the billowing economic crisis enveloping the world.The...