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Withdraw income tax on company turnover, CCCI urges govt

2007-10-21 00:00:00

FE ReportThe Chittagong Chamber of Commerce and Industry (CCCI) Saturday urged the Chief Adviser (CA) to withdraw the provision of payment of 0.25 per cent income tax on turnover of a company, irrespective of profit or loss, as imposed in...

USTR panel defers date for further clarification

2007-10-21 00:00:00

FE ReportThe US Trade Representative (USTR) in Washington has deferred the date for further clarification and submission of documents to October 26 in support of Bangladesh's position in protection of labour rights, a commerce ministry official said. Earlier, the panel...

Bangladesh's economy to grow at 6.5pc during 2007-09

2007-10-21 00:00:00

London-based Economist Intelligence Unit (EIU) has projected that Bangladesh's economy would continue to grow at 6.5 per cent during 2007-09 fiscal years, similar to that in 2006-07, reports UNB. "The composition of growth in 2007-08 and 2008-09 will be similar...

CIP status to 125 persons will be given soon

2007-10-21 00:00:00

FE ReportThe government, after a lapse of five years, is set to offer Commercially Important Persons' (CIP) status to 125 individuals for their significant contributions to the country's export in 2005-06 year.Besides, the government will also give 40 business leaders...

Processions, graffiti, posters will be banned in parliamentary polls: CEC

2007-10-21 00:00:00

Chief election commissioner (CEC) ATM Shamsul Huda said Saturday his office would go through the constitution of BNP to decide which faction of the party is to be invited to dialogue, reports bdnews24.com. "The faction that qualifies for talks as...

G7 presses China over renminbi

2007-10-21 00:00:00

Chris Giles, Krishna Guha and Eoin Callan FT Syndication ServiceWASHINGTON: Finance ministers and central bank governors from the world's top economic powers on Friday night raised the pressure on China to allow its currency to appreciate, with its most strongly...

Pak bombing suspect's photo released

2007-10-21 00:00:00

Pakistani police have released a photograph of the suspected suicide bomber who killed at least 139 people, even as former prime minister Benazir Bhutto works out her next step after the bloody start to her comeback campaign. (Source: Times Now.tv)...

Optical cable repaired after being cut off

2007-10-21 00:00:00

The optical fibre cable linking Bangladesh to the global information superhighway was again cut off at Madamdevihat in Chittagong and Dolhajra in Chokoria upazila Friday, reports UNB. Bangladesh Telegraph and Telephone Board (BTTB) said, the line was repaired Saturday.The optical...

Developments in the region and abroad

2007-10-21 00:00:00

White House says crude oil price too high WASHINGTON, Oct 20 (Reuters): The Bush administration on Friday voiced its dismay at record-high crude oil prices over $90 a barrel, but said it has no plans to suspend oil shipments to...

Myanmar lifts ban on assembly imposed after protests

2007-10-21 00:00:00

YANGON (Myanmar) (AP): Myanmar's military rulers Saturday lifted a curfew and ended a ban on assembly, which were imposed last month during a brutal crackdown on pro-democracy protests.The relaxing of restrictions imposed Sept. 25 was announced from government vehicles driven...

Khulna takes command over Dhaka

2007-10-21 00:00:00

Khulna Division took command in the 1st round of a four-day match of the Ispahani Mirzapore Tea 9th National Cricket League against holders Dhaka Division as they took an overall 187-run lead on the 2nd day at the Mirpur Sher-e-Bangla...

Yousuf ton helps Pakistan draw level

2007-10-21 00:00:00

An assured 117 from Mohammad Yousuf helped Pakistan to a 25-run win in the second ODI in Lahore and level the five-match ODI series 1-1. South Africa crashed to their first defeat of the tour, as despite an atrocious fielding...

Nalbandian stuns Nadal at Madrid Masters

2007-10-21 00:00:00

MADRID, Oct 20 (AP): Rafael Nadal, coming off a five-week layoff because of ailing knees, lost to David Nalbandian 6-1, 6-2 Friday in the Madrid Masters quarterfinals. It was Nadal's most lopsided defeat in three years. Roger Federer downed Feliciano...

Kuyt converts penalties to help Liverpool win Merseyside derby

2007-10-21 00:00:00

LONDON, Oct 20 (AFP): Liverpool striker Dirk Kuyt's stoppage time penalty snatched a dramatic 2-1 win over nine-man Everton in the 206th Merseyside derby Saturday.Kuyt had already scored from the spot once at Goodison Park to cancel out Sami Hyppia's...

O'Meara takes lead at AT&T Championship

2007-10-21 00:00:00

SAN ANTONIO, Oct 20 (AP): Champions Tour rookie Mark O'Meara made a successful return to the site of one of his PGA Tour victories, shooting an 8-under 63 Friday to take the first-round lead in the AT&T Championship. O'Meara had...

Hayden returns as Australia bat

2007-10-21 00:00:00

Ricky Ponting chose to bat in the one-off Twenty20 clash on a virgin strip at the Brabourne Stadium in Mumbai. Matthew Hayden returned after a two-game break while Ben Hilfenhaus and Stuart Clark came in for Mitchell Johnson and a...

Drogba regrets Chelsea outburst

2007-10-21 00:00:00

LONDON, Oct 20 (AFP): Chelsea striker Didier Drogba said Saturday he regretted his outburst suggesting he wants to quit the Premier League club. The Ivory Coast star shocked the Blues when he said he wanted to leave in an interview...

Marsh presents on ICC Global Cricket Academy activities

2007-10-21 00:00:00

Rodney Marsh, Director of Coaching of the ICC Global Cricket Academy, made a presentation in the city Saturday in a bid to attract BCB about the facilities offered by the ICC Academy, reports UNB.The former Aussie wicket keeper would also...

Real set to fine Robinho after Rio fiesta

2007-10-21 00:00:00

MADRID, Oct 20 (AFP): Striker Robinho is set to be fined by Spanish giants Real Madrid for returning late to the country after celebrating Brazil's 5-0 victory over Ecuador in a Rio nightclub alongside Barcelona's Ronaldinho. Real coach Bernd Schuster...

Ballseye

2007-10-21 00:00:00

Saiful KaiserThe second ODI between Pakistan and South Africa was heading for an interesting finish. The Pakistanis batting first managed to reach a fighting total of 265 for 9 with Mohamad Yusuf getting 117 and Malik 56 on a good...

Mainul dismisses dialogue demand

2007-10-21 00:00:00

Law adviser Mainul Hosein Sunday dismissed demands for dialogue with political parties, saying such an exercise would affect the interim government's neutral credentials. Mainul's comment came after a senior Awami League leader's suggestion that the government discuss with political parties...

Moeen rubbishes allegations of taking Tk 1 crore in bank loan

2007-10-21 00:00:00

General Moeen U Ahmed Saturday brushed aside the allegations of taking Tk 1 crore in loans from a bank and said it was all designed to "malign" him. The army chief, visiting the US, said: "It's not true that I...

Investors in India, China most bullish in Asia: survey

2007-10-20 00:00:00

Investors in India and China are the most "bullish" in Asia on expectation the economies will sustain growth, overcoming concerns the subprime mortgage crisis in the US may spread, a survey said. About 80 percent of investors surveyed in India...

Thailand's Burma plan receives mixed response from analysts

2007-10-20 00:00:00

Achara AshayagachatThailand's proposal for international talks to solve Burma's problems received a mixed reaction from global affairs analysts recently. Former United Nations ambassador Asda Jayanama said the idea raised on Monday by Prime Minister Surayud Chulanont in talks with UN...

Politics and branding

2007-10-20 00:00:00

George Romanyk'Veni, vidi, vici," the Latin phrase coined by Julius Caesar in 47 BC, translates as "I came, I saw, I conquered". Caesar's terse remarks proclaimed his victory and reminded everyone of his military prowess. As a slogan, it has...

Jute sector : Down but not out

2007-10-20 00:00:00

THE situation in the country's problem-ridden jute sector merits close attention in view of the move that has lately been taken by the government for its revival. Hence, this leader closely follows the one that this paper carried in its...

Jute industry : Present and future

2007-10-20 00:00:00

Shabbir YusufTHE contribution of jute sector to economy of Bangladesh is enormous. This sector has been generating employment to a large segment of total population of the country, directly and indirectly over the years. Bangladesh produces 5.5-6.0 million (55-60 lakh)...

Set to open baby bourse for Middle East

2007-10-20 00:00:00

Andrew EnglandEGYPT plans to launch the Middle East's first bourse for small and medium-sized companies, a senior government official said.Mahmoud Mohieldin, the minister of investment, told the Financial Times the exchange would open on October 25, with between four and...

Improving railway services

2007-10-20 00:00:00

Mahmud RashidA recent newspaper report is symbolic, as if, of the degraded conditions of service rendered by the Bangladesh Railway (BR). But what things were pointed out in the report are typical conditions noted also in other parts of the...

Government must have vision

2007-10-20 00:00:00

The interim government initially created widespread enthusiasm. It seemed to people -- at one stage -- as if this government would sweep away all the ills from our national life, very soon.It is not that this confidence on the whole...