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Tokai Kabaddi begins tomorrow

2008-11-17 00:00:00

The 2nd Orient Bread Tokai Kabaddi Competition, organised by Bangladesh Kabaddi Federation, will begin tomorrow (Tuesday) at the Kabaddi Stadium in the city with two matches on the opening day.On the opening day, Tokai Mirpur will play Tokai Gulistan at...

Yearlong NBR efforts to net in new taxpayers go barren

2008-11-17 00:00:00

Doulot Akter MalaThe ongoing countrywide survey for finding new taxpayers failed to reach its goal as no new taxpayer could be brought under the tax net so far. The survey has so far identified about 0.1 million potential taxpayers, said...

Dhaka seeks details from New Delhi

2008-11-17 00:00:00

Shakhawat Hossain Dhaka has sought from New Delhi the detail design, weigh and capacity of container train service as two South Asian neighbours are contemplating introduction of container train service, a top Bangladesh Railway official said Sunday."We have asked Indian...

BB relaxes rules on import financing for three items

2008-11-17 00:00:00

Siddique Islam The central bank has relaxed its rules on import financing aiming to encourage importers to continue their businesses through additional support from the commercial banks. Under the amended rules, the commercial banks will be allowed to provide post-import...

G-20 leaders call for fiscal stimulus, more rate cuts

2008-11-17 00:00:00

WASHINGTON, Nov 16(Agencies): Facing the gravest economic crisis in decades, the leaders of 20 countries agreed Saturday to work together to revive their economies, but they put off thornier decisions about how to overhaul financial regulations until next year, providing...

Polls must be held on Dec 18: 14-party

2008-11-17 00:00:00

The Awami League (AL)-led 14-party alliance Sunday took a firm stand that the general election must be held on December 18, as scheduled, and discussed seat-sharing matters for their joint participation in the crucial polls, report UNB/bdnews24.com.After a review of...

Govt to be responsible if BNP cannot go to polls: Delwar

2008-11-17 00:00:00

The government would bear the responsibility if BNP cannot go to polls, said the party secretary general Khandker Delwar Hossain Sunday, reports UNB.He told electronic media at Naya Paltan party office that BNP very much wanted to go to December...

DSE turnover lowest in over nine months

2008-11-17 00:00:00

FE ReportDhaka stocks dropped for the second straight session Sunday with the turnover declining to the lowest level in more than nine months.The benchmark DSE General Index (DGEN), the All Shares Price Index (DSI) and the DSE20 blue chip index...

Institutional bidders offer Tk 7-9 for each GP share

2008-11-17 00:00:00

FE ReportInstitutional bidders offered Tk 7-9 against shares of Grameenphone under its private placement offering (PPO) in a projection meeting held in a city hotel Sunday, sources said.The face value of the GP shares is Tk 1.0 each."The bidding will...

SC stays HC ruling on TAC

2008-11-17 00:00:00

The Truth and Accountability Commission (TAC) that ceased to exist following High Court (HC) interdiction was Sunday resurrected with Supreme Court (SC) order of stay on the operation of the HC ruling for a month, report UNB/bdnews24.com.Supreme Court's chamber judge...

Decision on Bibiyana power project deferred again

2008-11-17 00:00:00

A meeting of the Advisers Committee on Public Purchase that was convened to take decision on awarding the 450-MW Bibiyana Power Plant contract to a Malaysia-based company was Sunday deferred by three days. — UNB

HC extends stay order on mutual funds for 3 months

2008-11-17 00:00:00

FE ReportThe High Court (HC) extended the stay order for a period of about three months on the changes made by the capital market regulator in the rules for the close-end mutual funds, restricting them from issuing preemptive rights or...

Yangon urged to stop offshore exploration until disputes settled

2008-11-17 00:00:00

FE Report Dhaka has urged Yangon to stop oil and gas explorations in the offshore blocks in the Bay of Bengal until the disputes are resolved, said officials.Bangladesh additional foreign secretary MAK Mahmood made the call to his Myamnar counterpart...

BTRC licences for IP telephony service operators soon as guideline published

2008-11-17 00:00:00

FE Report The telecom regulatory body will award licences to private operators for providing Internet Protocol (IP) telephony services in the country from next year to help Internet users make domestic and overseas calls at a cheaper cost, officials said...

BTRC to go tough against illeagal VoIP operation

2008-11-17 00:00:00

FE Report Bangladesh Telecommuni-cation Regulatory Commission (BTRC) has decided to go tough against those engaged in illegal operation of Voice over Internet Protocol (VoIP), sources said Sunday.They said the decision came at a meeting of the commission on the day...

Stringent system for importing plastic raw materials to be eased

2008-11-17 00:00:00

FE Report Chairman of National Board of Revenue (NBR) Muhammad Abdul Mazid Sunday said that the existing stringent system for importing raw materials for plastic goods manufacturing industry will be relaxed in phases. The NBR chairman was addressing the inaugural...

WB aid commitment uncertain beyond FY'09

2008-11-17 00:00:00

Finance Adviser Dr Mirza Azizul Islam said Sunday that the inflow of World Bank (WB) assistance beyond 2008-09 has become uncertain as the country is not prepared with project proposals for seeking fund support, reports UNB."The World Bank assured that...

Saifur, Nizami, Mujaheed freed on bail

2008-11-17 00:00:00

Jamaat-e-Islami Ameer Matiur Rahman Nizami, Secretary General Ali Ahsan Mohammad Mujaheed and BNP standing-committee member Saifur Rahman were released Monday from jail on bail in Barapukuria coalmine graft case, reports UNB.DIG (Prisons) Maj Shamsul Haider Siddiqui said Nizami and Mujahid...

Koko's parole extended until Jan 16

2008-11-17 00:00:00

The government has extended the parole of BNP Chairperson Khaleda Zia's younger son Arafat Rahman Koko, who is undergoing treatment abroad, by two more months until January 16, 2009, reports UNB. A Home Ministry order Sunday said Koko's parole had...

Suspended envoy Najimullah given 5-yr jail

2008-11-17 00:00:00

A special judge's court dealing with high profile corruption cases Sunday sentenced ATM Najimullah Chowdhury, suspended Bangladesh ambassador to the United Arab Emirates (UAE), to five years in prison for embezzlement of state funds, reports UNB.The trial court also fined...

Imperatives for giving highest priority to energy sector

2008-11-17 00:00:00

There are umpteenth reasons why energy supply should be accorded the highest priorities in actions and planning by the government that will come to power following the general election. The urgency to both augment energy supply and plan neatly for...

Imperatives for giving highest priority to energy sector

2008-11-17 00:00:00

There are umpteenth reasons why energy supply should be accorded the highest priorities in actions and planning by the government that will come to power following the general election. The urgency to both augment energy supply and plan neatly for...

Adamjee EPZ: The industrial landscape of future

2008-11-17 00:00:00

Shahiduzzaman KhanTHE conversion of the Adamjee Jute Mills (AJM) to an export-processing zone (EPZ) was a remarkable event for at least one simple reason -- it is a great example of the reallocation of resources, which lies at the heart...

Handlooms in dire straits

2008-11-17 00:00:00

Mohsin AliA large number of the handloom units have reportedly been closed down in the Narsingdi district. This region, once known as the Manchester of Bangladesh for its handloom textiles, is now but a shadow of its golden past. Media...

Acceptability of the verdict of general election

2008-11-17 00:00:00

Dr Fakhruddin Ahmed, the head of the Caretaker Government (CTG) expressed clearly at the BIMSTEC meeting New Delhi that the forthcoming Parliamentary Election (the election) will be held on December 18, 2008 in accordance with the road map. Former Prime...

Democracy and discipline for national development

2008-11-17 00:00:00

THE whole nation now looks forward to the next national election to restore democracy. We want democracy but at the same time we want to see the nation more disciplined. Public security and safety can not be compromised for the...

For taking interests of the most vulnerable ones into account

2008-11-17 00:00:00

Robert B. Zoellick THE summit of G-20 leaders and the G-20 meeting of finance ministers last weekend have begun to lay a productive foundation of discussion, input, and agreement. What matters now are the follow up actions.People are looking to...

A scientific approach to tapping nation's HR potential

2008-11-17 00:00:00

Professor Muhammad Raushan AliIf we do factor-analysis of the problems that we are facing in Bangladesh now, we are likely to reduce them into two. These two factors are: (1) human resource development (HRD)-related problems, and (2) human resource management...

World leaders agree to seek WTO deal by year end

2008-11-17 00:00:00

WASHINGTON, Nov 16 (AFP): World leaders pledged here yesterday to seek a framework agreement on a stalled new global trade deal by the end of the year as part of a strategy for countering the financial crisis. The Doha round...

Japan may avoid recession but economy set to shrink in 2009

2008-11-17 00:00:00

TOKYO, Nov 16 (AFP): Japan probably avoided a recession in the third quarter of this year, but Asia's biggest economy looks set to shrink in 2009 as the financial crisis bites, analysts predict. Gross domestic product figures due Monday are...