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IDCOL, BRAC Bank to finance IGW services

2008-12-25 00:00:00

IDCOL (Infrastructure Development Company Ltd) signed a dollar loan agreement with Bangla Trac Communications Limited for setting up International Gateway (IGW) Services in Dhaka. Under the agreement, IDCOL will provide US$ 3 million financing to the project. BRAC Bank Limited...

corporatewatch

2008-12-25 00:00:00

SEC decision on annual BO A/C maintenance feeThe Securities and Exchange Commission (SEC) has taken following decision in respect of annual BO account maintenance fee: 1. The DPs will collect the annual maintenance fee from the existing BO accountholder within...

Nobody wants war: Manmohan Singh

2008-12-25 00:00:00

NEW DELHI, Dec. 23 (AP): Indian Prime Minister Manmohan Singh tried to allay fears Tuesday about the possibility of war with neighboring Pakistan, saying that "nobody wants war." Singh's comments came amid rising calls in India for military action and...

Tight security as Kashmir votes

2008-12-25 00:00:00

The seventh and final round of voting in state elections in Indian-administered Kashmir has begun amidst tight security, reports BBC.Thousands of troops have been deployed across the state to prevent violence by militants fighting Indian rule.Police have arrested three men...

Emergency talks on Guinea crisis

2008-12-25 00:00:00

African Union leaders are meeting over the crisis in Guinea, where mutinous troops said they had seized power after the death of President Lansana Conte, reports BBC.The AU has already condemned the military intervention as a "flagrant violation of the...

Sleeplessness raises risk of heart disease

2008-12-25 00:00:00

People who don't get much sleep are more likely than those who do to develop calcifications in their coronary arteries, possibly raising their risk for heart disease, a new study has found, reports BBC.The 495 participants in the study filled...

Mumbai suspect remand extended

2008-12-25 00:00:00

Mohammed Ajmal Amir Qasab, the sole known surviving suspect from the deadly attacks on Mumbai, has been remanded in custody for a further two weeks, reports BBC.A magistrate extended his custody until 6, the January, police said.The suspect faces a...

news digest

2008-12-25 00:00:00

Sri Lanka says 20 rebels killed in fresh fighting COLOMBO, Dec 24: Sri Lankan security forces killed at least 20 Tamil Tiger rebels who were defending their political capital of Kilinochchi in the island's north, the defence ministry said Wednesday....

Rajshahi retain title

2008-12-25 00:00:00

Hosts Rajshahi Division clinched the four-day Ispahani Mirzapore Tea 10th National Cricket League title for the second successive time despite losing to Khulna Division by 28 runs in the last league match at Rajshahi Divisional Stadium Wednesday, reports UNB.Another title...

Nepal eves clinch crown

2008-12-25 00:00:00

Nepal beat Malaysia in a one-sided match to clinch the ACC women's Under-19 trophy at the Prem Oval. After the senior side won the inaugural ACC trophy last year, Nepal's youngsters put in an impressive performance in Thailand, not dropping...

BSWA awards distributed

2008-12-25 00:00:00

Bangladesh Sports Writers' Association (BSWA) distributed its sports awards for three years-2005, 2006 and 2007- at a function at the hall room of National Sports Council (NSC) Tower in Dhaka Wednesday, reports UNB. Chairman of Transparency International, Bangladesh (TIB) Prof...

PCB to meet Sri Lankan officials to save tour

2008-12-25 00:00:00

ISLAMABAD, Dec 24 (AP): The Pakistan Cricket Board (PCB) will meet its Sri Lankan counterpart to ensure that the World Cup finalists fulfill their three-Test and five one-day international tour beginning next month.Sri Lankan sports minister Gamini Lokuge dissolved his...

Vijay Singh seals World Challenge trophy

2008-12-25 00:00:00

Fiji's Vijay Singh took advantage of stumbling finishes by Jim Furyk and Anthony Kim to win the Chevron World Challenge by one shot. Singh was two strokes off the lead going into the final day but he birdied four of...

Muktis start well

2008-12-25 00:00:00

Reversing their first phase debacle, Muktijoddha Sangsad KC made a good start in the opening second phase match of the Citycell 2nd B League with a 1-0 win over Chittagong Abahani at the Bangabandhu National Stadium (BNS) in the city...

Waste reduce, reuse, recycle can create win-win situation for all: Mahbub Jamil

2008-12-25 00:00:00

Chief Adviser's (CA) Special Assistance Mahbub Jamil said waste reduce, reuse and recycle could create a "win-win situation" for all as it has potentiality to generate green jobs specially in recycling business, reports UNB. "It could build a resource efficient...

Deprived BCS candidates reject govt's decision

2008-12-25 00:00:00

DU CorrespondentThe successful candidates in the first-phase result of the 27th BCS examination but unsuccessful in the second-phase one have rejected the government's decision to give them the chance to sit for the 29th BCS examination relaxing the condition of...

President for prompt action on HR violations

2008-12-25 00:00:00

President Professor Iajuddin Ahmed Wednesday asked the newly formed Human Rights (HR) Commission to identify all areas of human rights violation in the country for taking "prompt action", reports UNB. He made the call when the 3-member Commission led by...

Industrial park on bank of Shanka river to be set up

2008-12-25 00:00:00

FE Report MA Latif, newly elected president of Chittagong Chamber of Commerce and Industry (CCCI), Wednesday said he will take steps to set up a specialised industrial park on the bank of Shanka river during his two year term. He...

APUB rejects Private University Order-2008

2008-12-25 00:00:00

DU CorrespondentThe Association of Private Universities of Bangladesh (APUB) has outright rejected the 'Private University Order-2008', passed by the Council of Advisers, as it said the order will create an impasse in the arena of the country's higher education.APUB Vice-President...

CA asks Armed Forces officers to uphold country's image abroad

2008-12-25 00:00:00

BHATIARI (Chittagong), Dec 24 (BSS/UNB): Chief Adviser Fakhruddin Ahmed Wednesday urged the newly commissioned officers of the Armed Forces to uphold Bangladesh's image in the world as a promising, developing and peace-loving country and its internationally-acclaimed role in protecting peace...

C'wealth team to remain wary of factors eroding polls credibility

2008-12-25 00:00:00

FE Report The London-based Commonwealth will assess whether Bangladesh follows the yardsticks of 'democratic' elections as the country's electoral preparations move into high gear.The 53-member grouping will also take stock of the factors that could affect the credibility of the...

AL alleges move on to appoint Jamaat-BNP workers as presiding officers

2008-12-25 00:00:00

Bangladesh Awami League (AL) Wednesday alleged that a move is on to appoint some 50 workers of Jamaat-e-Islami and BNP as presiding officers and assistant presiding officers for the December 29 parliamentary polls, reports UNB. Besides, secretaries of various ministries...

President for quick disposal of pending cases

2008-12-25 00:00:00

President Iajuddin Ahmed Wednesday urged the judges to work more sincerely for rapid disposal of cases in the High Court (HC) Division of the Supreme Court, reports BSS.The President made the suggestion when six newly appointed judges of the High...

Whoever wins polls have to focus on democracy, fighting terrorism: US envoy

2008-12-25 00:00:00

American Ambassador James F Moriarty spells out three priorities for the would-be winner of Bangladesh elections to focus on restoring full democracy, development, and denying opportunities for terrorism to flourish, reports UNB."Any successful government in Bangladesh has to address all...

NDI team coming to monitor JS polls

2008-12-25 00:00:00

A 33-member-strong international observer delegation of the Washington-based National Democratic Institute (NDI) arrives in the city shortly for monitoring the crucial December 29 parliamentary elections, reports UNB.The delegation is co-led by former US ambassador in Bangladesh Howard B Schaffer and...

Next govt to face 16 challenges on economic front

2008-12-25 00:00:00

FE ReportFinance Adviser Mirza Azizul Islam has identified 16 challenges including global financial downturn and requirement of higher investment in energy sector facing the next elected government.The others challenges are: strengthening of monitoring system for efficient implementation of the annual...

Why the cut in fuel oil prices so nominal?

2008-12-25 00:00:00

Shahiduzzaman KhanThe government reduced the prices of major fuel oils by only around 3.75 - 5.13 per cent or by Tk 2.0-4.0 per litre this week. The price of diesel and kerosene has been reduced by 4.16 per cent to...

Local banks’ market share up, foreign banks’ down

2008-12-25 00:00:00

Siddique Islam The market share of private commercial banks (PCBs) increased by 3.7 percentage points while that of the foreign commercial banks (FCBs) dropped by 3.6 percentage points in 2007, the central bank annual report said. The bankers see it...

Fall in essentials’ prices ‘favourable’ to next govt

2008-12-25 00:00:00

M Azizur RahmanEconomists see the current downward trend in commodity prices in international and local markets conducive to the next elected political government to contain prices of essentials within the reach of the people.They said the political parties, whoever form...

Govt steps to ensure bio-security in poultry farms

2008-12-25 00:00:00

FE ReportThe government has decided to take some steps to ensure proper hygienic maintenance of poultry farms and birds that are not affected by the 'avian' virus.The ministry of fisheries and livestock took the decision during a meeting with the...