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ACC defends revelations of Koko's transactions in Singapore

2008-12-23 00:00:00

Anti-corruption Commission (ACC) Monday defended revelations about BNP chairperson Khaleda Zia's youngest son Arafat Rahman Koko's transactions in Singapore days before elections saying the Commission considered it unacceptable to curb or interrupt its activities for political activities, reports UNB."It's unacceptable...

Slight cut in fuel prices

2008-12-23 00:00:00

FE ReportThe government has slashed the fuel prices again in the domestic market by Tk 2-4 a litre or 3.75 per cent to 5.12 per cent against the backdrop of a substantial fall of its prices in the international market,...

Dhaka stocks end slightly lower

2008-12-23 00:00:00

FE ReportDhaka stocks finished slightly lower amid volatile trading Monday after two straight days rally.Though trading at the Dhaka Stock Exchange (DSE) opened with a positive note but seesawed throughout the session because of intra-day volatility.The benchmark index climbed 21.22...

Observers will be blacklisted for bias: CEC

2008-12-23 00:00:00

The Election Commission (EC) will blacklist observer agencies if allegations of bias or political affiliation are proved against them, warns the Chief Election Commissioner (CEC) ATM Shamsul Huda, reports bdnews24.com."This election is different from previous elections. The observers have a...

CA, editors exchange pleasantries

2008-12-23 00:00:00

Chief Adviser (CA) Dr Fakhruddin Ahmed Monday exchanged pleasantries with editors, managing directors, heads and senior journalists of different dailies, weeklies, news agencies, radios and television channels. The Chief Adviser, whose caretaker government is to make its exit through holding...

Fake TIN use extensive in land transfer, credit card purchase

2008-12-23 00:00:00

FE ReportMore than 50 per cent of the fake tax identification numbers (TINs) have been obtained for the purpose of transferring land and getting credit cards, according to a sample survey conducted by the National Board of Revenue (NBR). Scrutiny...

IIDFC allowed to issue Tk 2b zero coupon bonds

2008-12-23 00:00:00

Siddique Islam The central bank has given permission to another non-banking financial institution (NBFI) permission to float zero-coupon bonds worth Tk 2.0 billion aiming to raise their flow of funds for investment. "We've given permission on issuance of the zero-coupon...

FBCCI Institute of Entrepreneurship to be set up

2008-12-23 00:00:00

FE ReportThe Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) is going to establish an institute titled 'FBCCI Institute of Entrepreneurship' funded by different donor agencies."We have taken the initiative under which a businessman will make at least one...

Save country from conspirators: Khaleda

2008-12-23 00:00:00

BNP chairperson Khaleda Zia Monday cautioned the nation against a deep-rooted external conspiracy in connivance with a vested group within the country to brand Bangladesh as a fundamentalist state, reports UNB.She referred to recent reports in certain foreign magazines and...

People believing in Mujib’s ideology are my kith and kin: Hasina

2008-12-23 00:00:00

BHOLA, 22 (UNB): Premier hopeful Sheikh Hasina Monday said she looks upon country's people as her kith and kin and wants to build Bangladesh as a modern and prosperous country for their wellbeing."Traditional relatives are not my only relations, but...

US firms switching to four-days a week

2008-12-23 00:00:00

From Fazle RashidNEW YORK, Dec 22: The US companies, instead of resorting to more painful options of lay-offs, are switching to four-days a week in their desperate cost-cutting bids. Among other cost-cutting measures are unpaid vacations, voluntary or forced furloughs,...

Crisis of non-judicial stamps

2008-12-22 00:00:00

Non-judicial stamps are indispensable for proper conclusion of all kinds of legal activities including vital commercial contracts with implications for the broader economy as well. For example, all kinds of business contracts to be entered into, require the use of...

Digitalizing rural Bangladesh

2008-12-22 00:00:00

Shamsul Huq Zahid Rural Bangladesh has not changed much in the past decades as far as technological development is concerned. New roads and bridges have been constructed. Schools and colleges have come up in substantial numbers. The only modern gadgets...

Fund to help poor countries cope with climate crosses hurdle

2008-12-22 00:00:00

Tarequl Islam MunnaA fund designed to help the poor countries, in the line of climate change, crossed a key hurdle at the UN recently, so that it could be launched next year, delegates said. But the developing nations complained that...

Internet for politicians

2008-12-22 00:00:00

The politicians, traditionally symbolise sacrifice and dedication. Many political leaders don't like to consider politics as their profession. Rather they prefer to call their activities as social work for the development of community or society. They want to render their...

Regenerating moral values to fight corruption

2008-12-22 00:00:00

Remaining mired in corruption for so long sections of the people have completely forgotten the morals or their moral responsibilities. They probably took the on-going anti-corruption drive a transient phenomenon likely to slow down with the passage of time. Therefore,...

Poachers roam free

2008-12-22 00:00:00

Following preventive action against hunting, the deer population in the Bangladesh part of the Sunderbans has been rising. But surreptious hunting, now, is causing fresh concern. Deer meat or venison and skin are coveted for the taste of the meat,...

How strong Japan's Yen will be?

2008-12-22 00:00:00

A. F. M. Mainul AhsanON November 17, Japan's Prime Minister Taro Aso declared that Japan had slipped into recession for the first time since 2001. Japan's GDP had contracted at an annual rate of 0.4 per cent in the three...

Lack of correct diagnosis to ease traffic jams: Some suggestions

2008-12-22 00:00:00

Karar Mahmudul HassanUnder the non-franchised public transport system, passengers' comfort and safety are compromised. Also, this system does not promote professionalism or improvement of managerial capacities in the public transport sector, resulting in poor traffic and loss of time for...

UBS seeks to deny duty over Madoff funds

2008-12-22 00:00:00

James Mackintosh in London, Peggy Hollinger in Paris and Haig Simonian in Zurich UBS sought to absolve itself from any duty to safeguard investor assets in a $1.4bn fund that channelled money into Bernard Madoff's alleged $50bn Ponzi scheme.The Swiss...

Japan, Germany, Canada pledge new measures to confront financial crisis

2008-12-22 00:00:00

LONDON/NEW YORK, Dec 21 (Reuters): Japan, Germany and Canada pledged new measures Saturday to confront a financial crisis that has toppled banks, endangered the global auto industry and now played a part in the demise of Belgium's government.Tokyo joined governments...

Chinese banks to help finance Taiwan investors

2008-12-22 00:00:00

SHANGHAI, Dec 21 (Reuters): China reached out a hand to diplomatic rival Taiwan Sunday, offering Taiwanese investors on the mainland $19 billion in financing over the next three years, the latest in a flurry of economic diplomacy by Beijing.Ties between...

West African nations seek voice in global economic crisis

2008-12-22 00:00:00

ABUJA, Dec 21 (AFP): A summit of West African countries has called for a regional response to the global financial crisis, saying Africa should not sit on the sidelines as the international community debates the issues. The 15 member nations...

Stimulus package top priority for Obama, lawmakers

2008-12-22 00:00:00

WASHINGTON, Dec 21 (AFP): President-elect Barack Obama and Democrats in Congress hope to have an economic stimulus package as big as 850 billion dollars ready when the White House changes hands January 20, putting the economy at the top of...

Economic crisis puts squeeze on Koreans in Philippines

2008-12-22 00:00:00

MANILA, Dec 21 (AFP): For years South Koreans have flooded into the Philippines, finding it one of the cheapest places in Southeast Asia for recreation, study and investment. From Baguio City in the north of this sprawling archipelago to Davao...

IMF head worried about lack of fiscal stimulus

2008-12-22 00:00:00

LONDON, Dec 21 (Reuters): International Monetary Fund (IMF) chief Dominique Strauss-Kahn said a lack of fiscal stimulus by governments to tackle the global slowdown may make a bad 2009 even worse, according to an interview released Sunday.Strauss-Kahn told BBC radio...

India for regulatory mechanism for transparency in oil market

2008-12-22 00:00:00

LONDON, Dec 21 (PTI): India has underlined the need for putting in place appropriate regulatory mechanism to restraint unhealthy "speculative practices" and bring about transparency in crude oil market. "We should collectively put in place appropriate regulatory mechanism to ensure...

Thrust on promoting business with Canada

2008-12-22 00:00:00

FE ReportCanadian High Commissioner in Bangladesh Robert McDougall has offered allout assistance and cooperation to members of Canada-Bangladesh Chamber of Commerce and Industry (CBCCI) for promoting relations between the two countries.The Canadian envoy said this at a dinner arranged in...

Canada announces aid package for struggling auto industry

2008-12-22 00:00:00

OTTAWA, Dec. 21 (Xinhua): Canadian Prime Minister Stephen Harper and Ontario Premier Dalton McGuinty announced a 4- billion-Canadian-dollar (about 3.2 billion U.S. dollars) aid package for the country's struggling auto industry yesterday. The two leaders made the announcement in a...

Cultivation of exportable aromatic rice neglected in Nilphamari

2008-12-22 00:00:00

Our CorrespondentNILPHAMARI, Dec 21: Cultivation of exportable aromatic fine rice is being neglected in Nilphamari district as its high yield variety (HYV) seed is not available and Department of Agriculture Extention (DAE) has not taken adequate steps to popularise it.Farmers...