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NBR asks PSI co to appear for hearing Oct 8

2007-10-03 00:00:00

FE ReportThe National Board of Revenue (NBR) has asked the pre-shipment inspection company, M/S Cotecna Inspection SA, to appear for a hearing on October 8 on allegations of under-invoicing leveled against it by a government investigation team earlier.The pre-shipment inspection...

UK hails removal of restrictions to involve parties in election process

2007-10-03 00:00:00

Visiting British Foreign Ministry official John Dennis Tuesday said, the UK welcomes the progressive removal of restrictions and creation of a greater atmosphere to involve the political community in the election process, reports UNB."What is important is when the elections...

Dollar strong, call rate steady

2007-10-03 00:00:00

FE ReportThe US dollar retained its strength against the Bangladesh taka (BDT) Tuesday in the inter-bank foreign exchange market with steady demand for the greenback, fund managers said.The inter-bank call money rate remained steady despite withdrawal of large amount of...

Govt's job is to hold national elections: Delwar

2007-10-03 00:00:00

BNP secretary general Khandaker Delwar Hossain said Wednesday the interim administration had been mandated to stage national elections to hand over power to an elected government and other elections should not be on its agenda. "The constitution suggests so," Delwar...

science briefing :

2007-10-02 00:00:00

New insights on genetic variationRebecca Knight, FT Syndication ServiceA study by Yale esearchers offers new insight into what causes the greatest genetic variation among individuals.The study, published in Science Express, suggests the differences are due less to single-point mutations than...

World oil flats in Asian trade

2007-10-02 00:00:00

SINGAPORE, Oct 1 (AFP): World oil prices were flat in Asian trade today after concerns over a Gulf of Mexico storm eased, dealers said. New York's main futures contract, light sweet crude for delivery in November, was six cents lower...

Asian currencies end week higher against dollar

2007-10-02 00:00:00

HONG KONG, Oct 1 (AFP): Asian currencies ended the week mostly higher against the dollar amid continuing worries over the US outlook. JAPANESE YEN: The yen eased against the dollar in the past week, but market worries over the US...

US farmers may boost wheat, soya crops

2007-10-02 00:00:00

NEW YORK, Oct 1 (AFP): United States (US) farmers are likely to boost wheat and soybean crops in 2008 in response to critically high prices, potentially displacing others such as corn and cotton, analysts said this week. "Even with corn...

Dollar hits another record low against euro

2007-10-02 00:00:00

TOKYO, Oct 1 (AFP): The dollar sank to a fresh record low against the euro in Asian deals today as traders waited nervously for a key US employment report due later this week, dealers said. They said the greenback was...

Karmasangsthan Bank holds 120th board meeting

2007-10-02 00:00:00

FE ReportThe 120th meeting of the board of directors of Karmasangsthan Bank was held in the city recently.Karmasangsthan Bank Chairman Md Sirajul Islam presided over the meeting.The audited balance sheet of the bank for the financial year 2006-2007 was approved...

Vegetables price falls in Tangail market

2007-10-02 00:00:00

Our CorrespondentTANGAIL, Oct 1: The retail price of vegetables and green chili has decreased due to increased supply in the market.The retail price of vegetables including squash, brinjal, potato, carrot, onion has been reduced by Tk 5.00 to 10 per...

Japan breaks up post office spawning giant bank

2007-10-02 00:00:00

TOKYO, Oct 1 (AFP): Japan broke up its sprawling post office today, spinning off a bank with the world's largest savings at the start of a privatisation process set to reshape the country's financial services industry. Japan Post was split...

Myanmar refugees in Dhaka protest against junta

2007-10-02 00:00:00

Myanmar refugees, mostly women, Tuesday staged peaceful demonstrations in Dhaka to demand restoration of democracy in their country that recently saw a violent crackdown on anti-government movement by the military junta. Around 70 Myanmar nationals, including some Buddhist monks, gathered...

SC hears Khaleda appeal Thursday

2007-10-02 00:00:00

The chamber judge of the Supreme Court Tuesday did not stay the bail to Khaleda Zia and sent the government appeal against the bail to the full bench of the Appellate Division for further hearing Thursday. Also, the chamber judge...

NBR has better options

2007-10-02 00:00:00

The government from time to time puts in place some beyond-the-usual means to mop up additional resources. The frequency of application of these methods does depend largely on the government's own resource position to meet recurrent as well as development...

People's right to information

2007-10-02 00:00:00

Syed Fattahul AlimRight to information is a basic human right. The concept of human freedom is also inalienably linked to the right to information. Information is the first step towards awareness. And a population that is uninformed about what is...

New deadline for Iran on nuclear issue

2007-10-02 00:00:00

Daniel Dombey THE world's big powers has given Iran a new deadline of late November to rein back its nuclear programme or face heightened sanctions, but also asked Javier Solana, the European Union's foreign policy chief, to work on reaching...

Enhancing retirement age for public servants

2007-10-02 00:00:00

Sajedul Islam THE proposal for enhancement of retirement age for government servants including freedom fighters from 57 years to 60 years is being heard since long without any realistic step to implement the same. Recently though a proposal by the...

Law and order, and RAB

2007-10-02 00:00:00

The Rapid Action Battalion (RAB) was raised and specially empowered and enabled to bypass traditional law enforcement agencies like the police. After its formation, the RAB showed brilliant successes and organised crimes receded as a result. A considerable number of...

BO account holders

2007-10-02 00:00:00

THE Securities and Exchange Commission(SEC) had invited the attention of the Beneficiary Owner(BO) account holders to paying annual account maintenance fee of Tk 300 by September 30, 2008. Many account holders complied with the directive but quite a good number...

Seeking the key to web privacy

2007-10-02 00:00:00

Kevin Allison from San FranciscoIN the lobby of Google's headquarters in Mountain View, California, computer screens display lists of the words being entered into the company's search engine.Although Google says the system is designed to filter out any scandalous or...

Conflict, shortages push food prices up

2007-10-02 00:00:00

Ashfaq Yusufzai from PeshawarAn acute shortage of food items in Afghanistan and Pakistan have sent prices shooting upwards in both countries. But, while the food crisis in the war-torn country is a result of continuing conflict, north-western Pakistan has been...

China's tainted exports damage plan to build value of brands

2007-10-02 00:00:00

Paul Panckhurst and Lee SpearThe biggest cost to China from the wave of product recalls isn't shuttered toy factories or wasted toothpaste: It's the damage to its aspirations to become a center of high-quality production. ``China's leaders want its exporters...

Japan's business confidence weathers financial storm

2007-10-02 00:00:00

TOKYO, Oct 1 (AFP): Japan's top executives remain upbeat despite recent financial market turmoil, with business confidence holding steady close to a two-year high, a central bank survey showed today. Companies also upgraded their plans for spending on new factories...

US reaffirms leadership in world arms trade

2007-10-02 00:00:00

WASHINGTON, Oct 1 (AFP): The United States reaffirmed last year its leadership in world arms trade, cornering nearly 42 per cent of the market as the wars in Iraq and Afghanistan prompted a weapons shopping spree among neighbouring nations, according...

High-priced student loans spell trouble

2007-10-02 00:00:00

The near doubling in the cost of a college degree the past decade has produced an explosion in high-priced student loans that could haunt the US economy for years.While scholarship, grant money and government-backed student loans - whose interest rates...

S’pore property prices rise 8.0pc in Q3

2007-10-02 00:00:00

SINGAPORE, Oct 1 (AFP): Prices of private residential properties in Singapore rose 8.0 per cent in the three months to September and more land may be released for development if demand stays strong, the government said today. The September quarter's...

India to urge EU to remove trade barriers

2007-10-02 00:00:00

NEW DELHI, Oct 1 (PTI): India will ask the European Union to recognise its quality testing standards and remove non-tariff trade barriers when the two sides meet here tomorrow for week- long negotiations on an agreement for elimination of import...

Credit crunch to hamper growth in eastern Europe

2007-10-02 00:00:00

LONDON, Oct 1 (AFP): A credit crunch in global financial markets will limit growth in eastern Europe and former Soviet republics, the chief economist of the European Bank for Reconstruction and Development (EBRD) has said, according to the Financial Times...

S Korea exports post first drop in five years

2007-10-02 00:00:00

SEOUL, Oct 1 (AFP): South Korea's exports declined in September for the first time in five years as shipments of cars and other key items were hit by a three-day national holiday, officials said today. Exports fell 0.4 per cent...