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Inflation down to 9.6pc in Sept

2007-10-18 00:00:00

FE Report The country's point to point inflation for the month of September stood at 9.6 points according to provisional figures, official sources said.The estimated level will be welcome news for the present caretaker administration as the point to point...

Jamuna Oil shares to make debut on DSE soon

2007-10-18 00:00:00

FE ReportShares of state-run Jamuna Oil Company will make a debut on the Dhaka Stock Exchange (DSE) soon as formalities on its listing with the bourse have been completed.State-owned Investment Corporation of Bangladesh (ICB), responsible for offloading the shares of...

Separation of judiciary a great challenge: CJ

2007-10-18 00:00:00

Chief Justice (CJ) M Ruhul Amin Wednesday said current favourable atmosphere has made it possible to separate the judiciary from the executive control, reports UNB.Addressing a special orientation programme for the Additinal District Judges at the Judicial Administration Training Institute...

India calls for calm after market plunge

2007-10-18 00:00:00

Jo Johnson, FT Syndication ServiceNEW DELHI: India's financial markets plummeted at the start of trading but pared their losses on Wednesday after the finance minister sought to clarify the stock exchange regulator's proposed moves to restrict foreign portfolio inflows of...

GATCO scam report by mid-Nov

2007-10-18 00:00:00

The investigation report in the GATCO scam case against former prime minister Khaleda Zia is nearly complete, and the investigating officer (IO) Wednesday said that the file would be placed before the authorities by mid-November, report bdnews24.com and UNB. Meanwhile,...

Chargesheet in Aug 21 grenade attack on AL rally soon: IGP

2007-10-18 00:00:00

Inspector General of Police (IGP) Nur Mohammad Wednesday said the chargesheet in the August 21 grenade attack on Awami League rally would be submitted soon. 'Investigation in the case is almost finished. I hope the case will be disposed of...

Telecom ministry moves to dispose of audit objections

2007-10-18 00:00:00

The Ministry of Telecommunications has expedited its work to dispose of 21,630 accumulated audit objections involving over Taka 92.34 billion (9,234 crore.) Of the total audit objections, 14,136 involving over Taka 23.50 billion are against BTTB and 7,494 involving over...

Bank holiday Sunday

2007-10-18 00:00:00

Bangladesh Bank (BB) and all other scheduled banks will remain closed on Sunday (October 21) on the occasion of the Durga Puja (Bijoya Dashami), a BB press release said Wednesday. —BB

Durga Puja begins amid great enthusiasm

2007-10-18 00:00:00

Five-day celebration of Durga Puja, the greatest religious festival of the Hindu community, got off to a festive start Wednesday evening across the country. The puja began with 'Sasthi' rituals in the evening with the devotees ringing bells and beating...

Forex reserve likely to touch $5.5b by Nov

2007-10-18 00:00:00

FE Report The country's foreign exchange reserve is expected to touch US$5.50 billion by early November for the first time because of disbursement of a soft loan by a multilateral donor agency and robust growth of remittances.The World Bank (WB)...

New Delhi considering trade measures to pressurise Dhaka to 'take action'

2007-10-18 00:00:00

FE Report Trade measures to pressurise Dhaka to take action against the alleged terror groups "acting out of its soil" would be discussed at a meeting with chief ministers of all Northeast states, hosted by External Affairs Minister Pranab Mukherjee...

Mirza Aziz off to Washington

2007-10-18 00:00:00

FE Report Finance Adviser AB Mirza Azizul Islam left Dhaka for Washington Wednesday to attend the three-day annual meeting of World Bank (WB) and International Monetary Fund (IMF) beginning Saturday. Bangladesh Bank (BB) Governor Salehuddin Ahmed will leave Dhaka today...

IMF cuts world growth forecast

2007-10-18 00:00:00

WASHINGTON, Oct 17 (Bloomberg): The International Monetary Fund cut its forecast for global growth next year and warned that even its new prediction may be too optimistic given threats posed by the sell-off in credit markets. The IMF lowered its...

EC to remain neutral on national govt issue: Sohul

2007-10-18 00:00:00

The Election Commission (EC) wants to remain neutral about the national government issue, as it thinks the country's intellectuals and constitutional experts should decide the matter, reports UNB."We have no comment at the moment. Let the concept be matured. Let's...

AL opposes expansion of caretaker govt

2007-10-18 00:00:00

Acting Awami League (AL) president Zillur Rahman said that it would not be wise to expand the caretaker government (CG) with the appointment of new advisers, reports UNB."Only a few months left… I don't think it will be wise to...

BNP is victim of 'dual policy' of CG: Hannan

2007-10-18 00:00:00

BNP Chairperson's advisor Brig Gen (retd) Hannan Shah Wednesday said Bangladesh Nationalist Party (BNP) has become victim of 'dual policy' of the caretaker government (CG), reports UNB."Our office has been kept closed. As a nationalist political party BNP is failing...

NBR chairman, four other secretaries shuffled

2007-10-18 00:00:00

Badiur Rahman who was appointed as the country's chief revenue collector on Jan 21 was transferred in a major administrative reshuffle Thursday. According to an establishment ministry circular, Badiur Rahman, secretary of the Internal Resources Division and chairman of the...

AOL to reduce workforce by 2,000

2007-10-17 00:00:00

Internet firm AOL is to shrink its workforce further as it refocuses its business on online advertising, cutting 2,000 jobs worldwide. About 1,200 jobs are going at its US operation - including 750 at its Virginia headquarters - while a...

corporate watch

2007-10-17 00:00:00

Shareholders requested to collect dividend warrantsFirst BSRS: The First Bangladesh Shilpa Rin Sangstha (BSRS) Mutual Fund has requested the concerned unit holders to collect their dividend warrants for the year 2006-2007 from October 22 to October 31, 2007 from BSRS...

Putin arrives in Iran for historic visit

2007-10-17 00:00:00

TEHRAN, Oct 16 (AP): Russian President Vladimir Putin arrived in Tehran Tuesday for a historic visit to hold talks on Iran's nuclear programme and attend a Caspian sea summit. The visit, the first by a Kremlin leader since World War...

Benazir can return, but must face graft charges: Aziz

2007-10-17 00:00:00

WASHINGTON, Oct 16 (PTI): Former Premier Benazir Bhutto is free to return to Pakistan, but must face corruption charges against her, Prime Minister Shaukat Aziz has said. 54-year-old Bhutto is scheduled to return to Pakistan Thursday after nine years in...

Fresh fighting in Sri Lanka kills 38

2007-10-17 00:00:00

COLOMBO, Oct 16 (AFP): At least 38 Tamil Tiger rebel fighters and government soldiers have been killed in fresh fighting in Sri Lanka, the defence ministry said Tuesday. The guerrillas killed seven soldiers in an attack inside the Yala National...

More than 2,000 dead in US during arrests in three yrs

2007-10-17 00:00:00

WASHINGTON, Oct 16 (AFP): More than 2,000 people died in the United States during arrests between 2003 and 2005, according to data published by the Department of Justice for the first time Thursday. As many as 54 per cent were...

Five journalists die, US airstrike kills 15 in Iraq

2007-10-17 00:00:00

BAGHDAD, Oct 16 (latimes): Five Iraqi journalists were killed in three separate attacks this weekend, marking the deadliest day for reporters covering the country in a year. Four reporters for Iraqi newspapers were reported shot to death Sunday in ambushes...

Lavrov warns Rice against 'unilateral' Iran strategy

2007-10-17 00:00:00

MOSCOW, Oct 16 (AFP): Russian Foreign Minister Sergei Lavrov attacked Friday what he called the United States' "unilateral" approach to the Iranian nuclear crisis, during talks here with US counterpart Condoleezza Rice. "We believe this work can be much more...

Nuclear deal in trouble, Indian PM tells Bush

2007-10-17 00:00:00

NEW DELHI, Oct 16 (AFP): India has warned the United States that it is having trouble implementing a landmark nuclear accord aimed at bringing New Delhi into the loop of global atomic commerce after a gap of three decades. Premier...

Taiwan urges China to drop preconditions for talks on peace accord

2007-10-17 00:00:00

TAIPEI, OCT 16 (AP): Taiwan urged Chinese leaders Tuesday to dismantle hundreds of missiles and recognize the self-ruled island's separate identity before the two rivals negotiate an end to the nearly six decades of hostility between them.Beijing's insistence that Taiwan...

Sri Lanka rejects UN monitoring call

2007-10-17 00:00:00

COLOMBO, Oct 16 (AFP): Sri Lanka Saturday rejected demands for international monitoring of human rights by a top UN envoy who warned of a "disturbing" lack of investigation into reports of killings and abductions. Human Rights Minister Mahinda Samarasinghe told...

news digest

2007-10-17 00:00:00

US, NKorea open talks on nuclear disablement TOKYO, Oct 16 (AFP): experts opened talks Friday in North Korea on disabling the communist state's atomic facilities, the latest step in a six-nation deal on ending its nuclear drive, a report said....

Another REHAB fair in NY this week

2007-10-17 00:00:00

FE ReportThe Real Estate and Housing Association of Bangladesh (REHAB) is going to organise its forth ever fair in the United States this week as part of its programme to expand Bangladesh real estate market abroad and attract foreign investment...