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Home Ministry to make public info through website

2007-10-02 00:00:00

The Ministry of Home Affairs Monday decided to make public information about its nine departments through website, excepting the information concerning the state security. —UNB

Biman, HAAB at loggerheads on flight schedules for Hajj pilgrims

2007-10-02 00:00:00

Naim-Ul-KarimBiman Bangladesh Airlines Ltd and Hajj Agencies Association of Bangladesh (HAAB) are at loggerheads on flight schedules for hajj pilgrims, sources said.They said the national flag carrier is yet to inform the HAAB the exact hajj flight schedules, which is...

Latest SEC move on renewal of BO accounts likely to bring transparency in share trading

2007-10-02 00:00:00

Refayet Ullah MirdhaStock market operators said the latest move by the Securities and Exchange Commission (SEC) on renewal of Beneficiary Owners (BO) accounts will bring more transparency in share trading."Fixation of Tk 300 as annual maintenance fee for each BO...

Presence in SME sector to be strengthened

2007-10-02 00:00:00

FE ReportMercantile Bank Ltd says it will strengthen its presence in the area of small and medium enterprises (SMEs) and help alleviate poverty."Our presence in the SMEs began in June, 2006 and we will strengthen our financing in the area...

Delwar calls for lifting of state of emergency, ban on politics

2007-10-02 00:00:00

BNP Secretary General Khandaker Delwar Hossain Monday called for lifting of the state of emergency and the ban on politics.Talking to the reporters at his NAM apartment, he also welcomed the High Court (HC) verdict granting bail to Khaleda Zia...

UK director for Asia due today on 3-day visit

2007-10-02 00:00:00

UK Foreign and Comm-onwealth Office Director for Asia John Dennis will arrive in the city today (Tuesday) on a three-day visit to Bangladesh, reports UNB. During this first official visit to Bangladesh, Dennis is expected to emphasise the importance of...

BB asks banks to invest excess amount of funds in productive sectors

2007-10-02 00:00:00

Siddiqiue IslamThe Bangladesh Bank (BB) has advised all banks to invest their excess funds in the productive sectors, particularly in the small and medium enterprises (SME). The central bank suggestion came when most of the commercial banks are facing problem...

CEC favours emergency until election

2007-10-02 00:00:00

TANGAIL, Oct 1 (bdnews24.com): Chief election commissioner ATM Shamsul Huda said Monday the state of emergency should remain in force through to general elections for a sound law and order for fair voting. "The law and order must be kept...

Dollar, call rate unchanged

2007-10-02 00:00:00

FE ReportThe US dollar was steady against the Bangladesh taka (BDT) Monday in the inter-bank foreign exchange market with stable demand for the greenback. The market was active due to trading in the international market, fund managers said.The inter-bank call...

Mongla Customs to auction huge urea stockpiled at port

2007-10-02 00:00:00

FE Report The Mongla Customs House (MCH) will soon float a bid to auction 802.95 metric tonnes of urea fertiliser that remained stockpiled in the port jetty, sources in the revenue board in Dhaka said."We have asked the MCH to...

Matin’s call to stop launch, steamer overloading

2007-10-02 00:00:00

Communications Adviser MA Matin Monday ordered the concerned agencies to check overloading of passenger launches and steamers on the eve of Eid-ul-Fitr from October 10 to October 20, reports UNB."Most of the river accidents occurred in the past due to...

Recovering the money smuggled abroad

2007-10-01 00:00:00

The Chief Adviser. Dr Fakhruddin Ahmed, called on the international community to assist Bangladesh in every possible way to bring back to the country the huge amounts of resources that the nexus of corrupt politicians-bureaucrats-businessmen and others smuggled out of...

Anti-graft drive and unaddressed troubles of common man

2007-10-01 00:00:00

Shamsul Huq Zahid The word, 'corruption', must be the most frequently used word in gossips, television talk-shows, newspaper reports, proceedings of the courts etc., these days. The issue of corruption would inevitably overtake others in a discussion on the image...

Asean faces greatest hurdle over Burma

2007-10-01 00:00:00

John Burton from SingaporeThe crackdown against pro-democracy protesters in Burma represents the biggest political crisis for the Association of South East Asian Nations (Asean) in a decade and comes at a sensitive time when the group is about to launch...

Expatriates worry over investments in real estate at home

2007-10-01 00:00:00

M M Haque from JeddahAt the dawn of the on-going anti-corruption drive the biggest real estate conglomerate was on hunt. Gradually many of the land developers and real estate owners were put behind the bar. The eye catching graphic design...

Extension of time for declaration of undisclosed money

2007-10-01 00:00:00

The National Board of Revenue (NBR) has extended the date for filing income tax returns but not the deadline for declaring undisclosed or undeclared money. As a banker I can say with impunity that the bulk of money deposited in...

Pro-active stance of govt on arresting price-rise

2007-10-01 00:00:00

Consumers across the country have been in a bitter mood due to the rising costs of living. The upward movement of prices has not been a creeping one . Price rises have been accelerating over the months. In this context,...

The emerging reform agenda for economic development

2007-10-01 00:00:00

Muhammad MahmoodIt is important that we understand the context within which the stimulus has come to undertake economic reform measures to stimulate economic growth and development in developing countries. Since the very late 1970s and the early 1980 we have...

Both carrying political DNA of their parents

2007-10-01 00:00:00

Maswood Alam KhanTHERE was a time when our ancestors favoured their wards' weddings only with their nearest relations in order to guard family interests and maintainstrong community bondage. Similarly, royal families used to maintain closeblood ties through intermarriage. Repeated incidence...

Blaming the banker

2007-10-01 00:00:00

Mahbubul Haque ChowdhuryUNLIKE other business, the banking is also a business. The bank deals in credit and is committed to the depositors for safe-keeping of their money. The bankers are also accountable to the depositors, shareholders, general public, government and...

Iran, Pakistan finalise gas pipeline deal without India

2007-10-01 00:00:00

DUBAI, Sept 30 (PTI): Iran and Pakistan have finalised a deal on USD 7.4 billion gas pipeline project without the participation of India, ending settled differences on the agreement during four-day negotiations in Tehran. The two countries have agreed to...

Weak dollar could prevent OPEC from new output hike

2007-10-01 00:00:00

LONDON, Sept 30 (AFP): The weak US dollar is slashing the value of oil revenue for the biggest crude producers, leading analysts to predict that OPEC will not rush to hike output again despite tight world energy supplies. The Organisation...

Over 0.4m Indian children work as bonded labour

2007-10-01 00:00:00

New York, Sep 30 (PTI) More than four lakh children, mostly girls and under 18 years of age, are involved as child labour in cottonseed fields in India, a human rights report has said. Nearly 4,16,000 children below 18 years,...

Nigeria loses ground in OPEC in face of unrest

2007-10-01 00:00:00

PARIS, Sept 30 (AFP): Oil output in Nigeria has plunged by a quarter since the start of 2006 in the face of political unrest in the Niger Delta, reducing the country's influence in OPEC and limiting the effectiveness of OPEC...

Warid Telecom covers country’s 56 districts

2007-10-01 00:00:00

FE ReportWarid Telecom has expanded its network to five more districts raising the total number of districts under Warid coverage to 56. With the latest expansion, Warid Telecom has brought almost 90 per cent of Bangladesh under its strong Next...

NBL opens 96th branch in Sylhet

2007-10-01 00:00:00

FE Report National Bank Limited (NBL) inaugurated its 96th branch at Kadamtoli in Sylhet recently. NBL Chairperson Parveen Haque Sikder formally inaugurated the branch of the bank. In her inaugural speech, the NBL chairperson said the bank will make remarkable...

Rangs launches new model vehicle

2007-10-01 00:00:00

FE ReportRangs Limited, a sister concern of the Rangs group of company, Sunday launched a vehicle--the Mitsubishi EX - in the city.The new brand is an end-to-end re-thinking of the sports sedan concept with an aggressive front face and aerodynamic...

Janata Bank holds task-force meeting

2007-10-01 00:00:00

FE ReportA task-force meeting was held at Janata Bank head office in the city Sunday.Janata Bank Managing Director (MD) Md Mukter Hussain presided over the meeting. The present level of loan recovery performance was vividly reviewed.The bank MD instructed concerned...

CRAB, Asia Pacific General Ins sign credit rating deal

2007-10-01 00:00:00

FE ReportAsia Pacific General Insurance Company Ltd signed an agreement with Credit Rating Agency of Bangladesh Ltd (CRAB) recently for the credit rating of the company.CRAB Managing Director Masihur Rahman and Asia Pacific Managing Director Shah Abul Kashem signed the...

Correction

2007-10-01 00:00:00

In a caption published on Page 9 of Sunday's (September 30) issue of The Financial Express the name of Apex Adelchi Footwear Limited (AAFL) Chairman Syed Manzur Elahi was mistakenly printed as Syed Monjur Elahi. We regret the inadvertent mistake....