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Aussies advance

2007-10-12 00:00:00

VADODARA, Oct 11 (AFP): Mitchell Johnson grabbed a maiden five-wicket haul as Australia skittled India for 148 in the fifth one-day international (ODI) Thursday to move within sight of a series win. The left-arm fast bowler, who finished with 5-26,...

S Africa set 457-run target for Pakistan

2007-10-12 00:00:00

LAHORE, Pakistan, Oct 11 (BSS/AFP) - South Africa set Pakistan a mammoth target of 457 to win the second Test after declaring their second innings at 305-4 at tea on the fourth day here on Thursday. South Africa lead the...

England seal historic series win against Lankans

2007-10-12 00:00:00

COLOMBO, Oct 11 (AFP): Alastair Cook hit a masterly 80 as England thrashed Sri Lanka by five wickets in the fourth one- day international here Wednesday to clinch their first series win in the subcontinent for 20 years. The 22-year-old...

Bangladesh being considered a success case now: Aziz

2007-10-12 00:00:00

Visiting ADB vice president Liqun Jin Thursday reaffirmed the development bank's commitment to help Bangladesh unlock its potential for economic and social development, reports UNB."Let us take this opportunity to look back with some satisfaction at the progress that has...

Q1 revenue earning grows by 18pc

2007-10-12 00:00:00

FE ReportThe government's tax-revenue collection grew by more than 18 per cent during the first quarter (Q1) of the current fiscal over the corresponding period of last fiscal, thanks to an unusual rise in the mobilisation of income tax through...

BNP, AL reject B Chy's call for nat'l consensus govt

2007-10-12 00:00:00

BNP and Awami League (AL) have rejected former President Professor Badruddoza Chowdhury's call for a National Consensus Government.BNP Chairperson Khaleda Zia from a makeshift jail has brushed off Chowdhury's proposition for such a government before the holding of general elections."There...

Bangladesh unlikely to be de-listed from US GSP list

2007-10-12 00:00:00

Bangladesh is unlikely to be de-listed from the US GSP list for tariff concessions against its exports to the US, said the government officials in the city Thursday, reports UNB."There is no possibility of de-listing… no reason to get panicked,"...

Govt decides to lease out 8 jute mills to pvt sector

2007-10-12 00:00:00

FE ReportThe government has decided to lease out its eight jute mills to the private sector to revitalise the country's public jute sector, which recorded an accumulated loss worth Tk 47.70 billion until 2006.The decision on leasing out the mills,...

Import LC opening witnesses 23pc growth in QI

2007-10-12 00:00:00

FE Report Opening of fresh letters of credit (LCs) against imports have increased by 23.35 per cent during the first quarter (Q1) of the current fiscal against the corresponding period of the previous fiscal, official sources said. The import LCs...

Call money rate remains stable

2007-10-12 00:00:00

FE Report The inter-bank call money rate remained stable Thursday, before money market closed for the Eid-ul-Fitr holiday, despite heavy withdrawal of cash from the banking system. "The call rate is still stable mainly due to excess liquidity in the...

Moon sighting body meets today

2007-10-12 00:00:00

FE Report The National Moon Sighting Committee will hold a meeting today (Friday) evening at the Islamic Foundation conference room to fix the date for celebration of Eid-ul-Fitr after reviewing reports on sightings of the Shawal moon.Adviser for the Ministry...

Concern over India's IT future

2007-10-12 00:00:00

Joe Leahy FT Syndication ServiceMUMBAI: India's shortage of computer science PhDs is so dire that it threatens the country's role as the world's information technology services outsourcing hub, according to the chairman of Microsoft India. Although many Indians pursue post-graduate...

Modus operandi for Better Business Forum being formed

2007-10-12 00:00:00

A high-level meeting of the government Thursday discussed the modus operandi of 'Bangladesh Better Business Forum' being formed to strengthen public-private business entrepreneurship. At that meeting the CA proposed for the formation of this new business forum, as the interim...

Private varsity student slaughtered in city

2007-10-12 00:00:00

A private university student was slaughtered by unknown terrorists on the rooftop of his home at Mohammadpur in the city early Thursday. The deceased was identified as Faisal Ahmed (22), son of MA Hannan and student of Civil Engineering Department...

Banks to remain closed Oct 12-15

2007-10-12 00:00:00

Bangladesh Bank (BB) and all scheduled banks will remain closed on October 12 on the occasion of holy Juma'tul Wida and on October 13, 14 and 15 for holy the Eid-ul-Fitr, said a BB release. — UNB

Over 60,000 complaints lodged with ACC so far

2007-10-12 00:00:00

Metropolitan magistrate Md Mizanur Rahman Thursday permitted the Anti-corruption Commission (ACC) to quiz detained Awami League (AL) general secretary Abdul Jalil in hospital, reports bdnews24.com. The decision follows an appeal from the Commission's deputy director Md Enamul Huq Chowdhury who...

Open up fertiliser distribution system, say economists

2007-10-12 00:00:00

FE ReportEconomists said Thursday that the government would need to open up fertiliser distribution system to ensure increased supply of the input in the coming Rabi and Boro seasons to overcome the losses caused by the recent deluge."If adequate fertiliser...

BIMSTEC free trade area: Concerns of Bangladesh

2007-10-12 00:00:00

FE ReportThe Metropolitan Chamber of Commerce and Industry (MCCI) urged the government to take into consideration the concerns of the business community in taking the final decisions on some crucial issues of the Bay of Bengal Initiative for Multi-Sectoral Technical...

Most of garment owners pay salaries, benefits before Eid

2007-10-12 00:00:00

Refayet Ullah MirdhaMost of the garment factory owners have completed paying the salaries and benefits to their workers on the occasion of Eid-ul-Fitr festival by Thursday as stipulated by the government.Talking to the FE, vice-president of the Bangladesh Garment Manufacturers...

Govt signs deals with selected bidders to set up 10 SPPs

2007-10-12 00:00:00

M Azizur RahmanThe government signed Thursday agreements with all the selected bidders to set up ten independent small power plants (SPPs) for augmenting electricity supply across the country."The relevant government agencies of the power and energy sectors signed the agreements...

Two Bangladeshis slain in Malaysia

2007-10-12 00:00:00

FE ReportTwo Bangladeshi construction workers were found murdered at a squatter house in Kampung Berembang, Jalan Ampang in Malaysia Thursday morning, the Star online of Malaysia said. It said a neighbour found the duo at about 8.15am when he went...

14 NRBs likely to be made CIPs

2007-10-12 00:00:00

Doulot Akter MalaThe government is likely to declare 14 non-resident Bangladeshis (NRBs) as commercially important persons (CIP) on the basis of their investment, remittance and imports. It has, for the first time in history of Bangladesh, selected the CIPs to...

Lessing of UK wins Nobel for literature

2007-10-12 00:00:00

British novelist Doris Lessing won the 2007 Nobel Prize for literature Thursday for a body of work that looked unflinchingly at the ills of the society, and also inspired a generation of feminist writers, reports Reuters from Stockholm. The Swedish...

Banglalink pays Tk 1.25b fine for illegal VoIP business

2007-10-12 00:00:00

Bangladesh Telecommuni-cation Regulatory Commission (BTRC) has realised a part of a compensation of Tk 1.25 billion (125 crore) from Sheba Telecom (Pvt) Ltd, the operator of Banglalink mobile phone, for loss of government revenues due to the company's involvement in...

Sale of Zakat clothes dull

2007-10-12 00:00:00

Naim-Ul-KarimWholesalers of low-priced clothes meant for distribution as 'Zakat' are going through a dull business as their sales have plummeted by nearly 50 per cent, market sources said.They said this year the wholesalers at the city's Islampur, Bangabazar, Islamiya Market,...

BB predicts higher fiscal deficit this year

2007-10-11 00:00:00

FE Report The Bangladesh Bank (BB) has identified some downside risks, including adverse impact of oil price and commodity price hike in the global market, in the economy during the current fiscal. "In light of the recent floods, the near-term...

Aziz for hike in gas, power and fuel oil prices, but not now

2007-10-11 00:00:00

FE ReportFinance and Planning Adviser AB Mirza Md Azizul Islam Wednesday stressed the need for increasing the prices of gas, power and fuel oil to bring discipline to the national budget and help in reducing its deficit."The subsidy-based financing of...

Fight against seasonal hunger has to be meaningful

2007-10-11 00:00:00

Shahiduzzaman KhanWith the second phase of the floods, damage to aman crop and a global rise in the price of basic food commodities, the northern districts of the country are likely to face difficult times in the months ahead. Economists...

Consensus govt needs people's consent: Delwar

2007-10-11 00:00:00

BNP secretary general Khandaker Delwar Hossain and joint-secretary general Nazrul Islam Khan stated in one voice that the proposed government of consensus for 10 years needed constitutional sanction and consent of the people, reports UNB.Talking to journalists at Delwar's NAM...

NBR rejects Khaleda's latest disclosure of additional income

2007-10-11 00:00:00

FE Report The National Board of Revenue (NBR) has rejected the latest move by former prime minister Khaleda Zia on disclosure of an additional undisclosed income of nearly Tk 4.0 million, sources said.The high-ups of the revenue board, which reviewed...