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Prepare action plan to respond to economic downturn: BB

2008-11-21 00:00:00

Siddique Islam The Bangladesh Bank (BB) has recommended preparing an action plan to create some fiscal space to respond to any downturn in economic activities and absorb external shocks arising from the current global financial crisis."Plan to accommodate, if necessary,...

BNP ready for polls but on Dec 28, if conditions met: Khaleda

2008-11-21 00:00:00

BNP will go to general election but on Dec. 28, if conditions are met, Khaleda Zia announced in a televised briefing after back-to-back meetings of her party and members of the four-party alliance Thursday, reports bdnews24.com. In an immediate reaction,...

Hasina for polls on Dec 18 with participation of all

2008-11-21 00:00:00

Awami League president Sheikh Hasina Thursday said that the general election should be held on December 18 with the participation of all political parties, reports UNB."Sheikh Hasina thinks the general election should be held on December 18. She also expects...

Dhaka stocks lower as investors unnerved by polls uncertainty

2008-11-21 00:00:00

FE ReportDhaka stocks finished lower Thursday amidst the investors' worry over the uncertainty shrouding the holding of the upcoming national election.The latest political development has left the already-shaken investors unnerved, sending the market into the negative territory, analysts said.Trading at...

Imports surge by 40pc in first two weeks of Nov

2008-11-21 00:00:00

Shakhawat Hossain The country's import surged by nearly 40 per cent in the first two weeks of the current month showing a sign of improvement in business activities, central bank officials said Thursday.Local businessmen opened letters of credit (LCs) worth...

'Oh! where is the economic bottom', ask Americans

2008-11-21 00:00:00

From Fazle Rashid NEW YORK, Nov 20: Contraction and recession are no longer the pet words in the financial markets around the globe. A more petrifying term, deflation has overtaken them all. Gloom persists. The Dow Jones Industrial Average dropped...

Fair progress, talks today: EC

2008-11-21 00:00:00

The Election Commission (EC) voiced satisfaction Thursday over BNP's announcement on being ready for Dec 28 polls, calling the apparent compromise "fair progress", reports bdnews24.com. Election Commissioner Muhammed Sohul Hussain, in an immediate reaction to BNP chairperson Khaleda Zia's televised...

Armed Forces Day today

2008-11-21 00:00:00

The Armed Forces Day will be observed today (Friday) with due enthusiasm and solemnity, marking the inception of the national military in war-field during the liberation war, reports UNB.Day's programme starts with special prayers in mosques of all cantonments, naval...

ACC probing irregularities in plot allocations

2008-11-21 00:00:00

The Anti-Corruption Commission (ACC) has launched an investigation into alleged irregularities in plot allotment to some 100 individuals, including senior bureaucrats, judges, military and police officials, reports UNB.ACC director general (admin) Col Hanif Iqbal told its regular briefing Thursday that...

Govt upbeat about raising power supply for irrigation

2008-11-21 00:00:00

FE ReportThe government is upbeat about augmenting electricity generation in the upcoming irrigation season to meet the mounting demands across the country as a number of new plants are getting ready, officials said Thursday."A number of new power plants including...

New container yard at Ctg Port inaugurated

2008-11-21 00:00:00

The newly-constructed North Container Yard was inaugurated at Chittagong Port Thursday. Ministry of Shipping secretary Sheikh AK Motahar Hossain formally inaugurated the yard. CPA built the container yard on 63,000 square metres (15.49 acres) of land near the port hospital...

SSC results under BOU published

2008-11-21 00:00:00

The final results of SSC first and second year examinations - 2007 under Bangladesh Open University (BOU) were published Thursday. A total of 1,38,940 learners were enrolled in the SSC programme. Of them, 59,604 appeared in second year, while 77,886...

Election-related offices to remain open at weekends

2008-11-21 00:00:00

All the election-related offices will remain open at weekends from today (Friday) until the next parliamentary and local body elections are held. The Election Commission has issued the directive as it geared up preparations for the next general election. According...

Ordinance on real estate gets advisers’ nod

2008-11-21 00:00:00

Real Estate Development and Management Ordinance 2008 for bringing fair management in real-estate business and protecting the interest of buyers and sellers, reports UNB.Under the ordinance the offences would be treated as "non-bailable and cognizable". Provision for going for amicable...

Two ex-advisers warn of 'disaster' if all-party polls fail

2008-11-21 00:00:00

Two former caretaker government advisers have warned of "great disaster" if a free, fair and credible election does not take place with the participation of all parties, reports bdnews24.com. "The government has been pledging for two years that it will...

Frozen food exporters advised to comply with EC safety standard

2008-11-21 00:00:00

Doulot Akter MalaThe European Union (EU) inspection team has expressed satisfaction over significant improvement in food safety measures in the past two years although it has found the country's compliance level not equivalent to EU standard, officials said.The EU will...

Diouf for world summit to design a new agricultural order

2008-11-21 00:00:00

FE Report FAO Director-General Jacques Diouf Wednesday appealed to world leaders to meet together next year to design a new agricultural order and find $30 billion a year to eradicate hunger from the Earth once and for all. Addressing a...

Global stocks at 5-1/2 year lows, oil drops

2008-11-21 00:00:00

LONDON, Nov 20 (Reuters): World stocks dropped to 5-1/2 year lows and oil hit 22-month troughs as investors reacted to dire Federal Reserve warnings on the economy and fears about the viability of major US auto makers and bank giant...

Move to change rules for giving licences to freight forwarders

2008-11-21 00:00:00

Jasim Uddin Haroon The National Board of Revenue (NBR) has taken a move to amend some of the rules for providing licences to freight forwarders after a number of major stakeholders lodged complaints. The NBR issued detailed rules for the...

Enhancing Indo-Bangladesh border trade

2008-11-21 00:00:00

LAND-based trade between Bangladesh and India depended so far only on buses and trucks passing through land ports lying at the border of the two nations. Understandably, the business has been full of hassles, with long line of trucks waiting...

Researches that help us to achieve food autarky

2008-11-21 00:00:00

Syed Fattahul AlimTo feed the growing millions in the country has remained a big challenge before the governments of the past and the present. There is no reason to think that the challenge will be fully met in the near...

Putting an end to overseas job-seekers' woes

2008-11-21 00:00:00

Shamshul HaqueIN many cases, our workers on going abroad find a complete mismatch between what the manpower exporters back home had promised them as regards remunerations and other terms and conditions of their jobs and what they finally get. The...

For halting deteriorating poverty conditions

2008-11-21 00:00:00

The Bangladesh economy has been keeping its head above the waters as periodic statistics from different sources indicate. But the economy has had its share of troubles over the last two years from dwindled-down economic activities. The government's policies were...

Inconclusive talks with Myanmar

2008-11-20 00:00:00

The talks between the delegation from Myanmar and their Bangladesh hosts to discuss the demarcation of the maritime boundary between the two countries, ended rather fruitlessly in Dhaka on Monday. The Myanmar delegation was led by a Deputy Minister and...

The old game goes on

2008-11-20 00:00:00

Enayet RasulFor the last two years, the political parties were seen to be maintaining pressure on the government for the fastest holding of national or parliamentary elections. They rebuked the government for this and that such as taking too long...

Food security in the shadow of climate change

2008-11-20 00:00:00

Firoz RahmanBANGLADESH can ill afford to relegate agricultural research to a secondary importance, if it wants to increase production to meet the growing demand. Increasing productivity is of crucial importance to meet the growing demand to feed the extra population...

The VIP prisoners being provided with all the perks

2008-11-20 00:00:00

A few days ago it came to light that policemen guarding the VIP prisoners in jail were providing those august citizens with all the perks they could possibly deliver. Those prisoners, it was reported, got to meet the people they...

No consumer pressure on kitchen market

2008-11-20 00:00:00

It is hard to check tempers at kitchen markets. This is a place none can avoid going but we face tremendous mental pressure to see the prices moving up every week. Prices of everything, be it staples or vegetables --...

A testing lab for the pharmaceutical sector

2008-11-20 00:00:00

A major demand from pharmaceutical sector has been for the establishment of a government-run central testing laboratory for the export-oriented pharmaceutical industries. The laboratory can ensure quality to strengthen the reputation of the domestic pharmaceutical products abroad. Dependable quality certification...

Meltdown in US economy and subprime mortgage loan crisis

2008-11-20 00:00:00

A. K. N. AhmedA recent report in The Wall Street Journal exposes the casualness of operations of this institution. Since 2001 FDIC has been managing Superior Bank, a failed bank that it took over that year. However, even with the...