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50,000 Bangladeshis unlikely to be able to perform Hajj this year

2007-09-18 00:00:00

Naim-Ul-KarimAbout 50,000 pilgrims of the country are unlikely to be able to perform Hajj smoothly this year escaping hurdles unless the government intensifies monitoring on preparation of Hajj from now on, sources said. They said the Ministry of Religious Affairs...

Malaysia assures of probe; inquiry team leaves today

2007-09-18 00:00:00

Malaysia Monday assured Bangladesh of investigating recent problems being faced by Bangladeshi workers in Kuala Lumpur, reports UNB."We've received the complaint and we'll have to investigate the matter," Malaysian High Commissioner Dato Abdul Malek Bin Abdul Aziz told reporters after...

NCBs asked to take steps to improve performances

2007-09-18 00:00:00

FE ReportThe Bangladesh Bank (BB) has asked the four nationalised commercial banks (NCBs) for taking measures to improve their overall performances through improving management efficiency, official sources said.The central bank also directed the banks to update the inter-branch reconciliation, particularly...

BRAC may rethink Afghanistan plans if abduction is 'political'

2007-09-18 00:00:00

Non-governmental organisation BRAC may rethink its operation strategy in Afghanistan if the killing and abduction of its staff were "politically motivated", a top official said Monday, reports bdnews24.com. "If the killing and abduction of our staff are politically motivated, we...

BTTB to launch new phone service

2007-09-18 00:00:00

Sarwar ZahanBangladesh Telegraph and Telephone Board (BTTB) will introduce a new phone service, for which the receiver will be charged, instead of the caller, BTTB sources said.The board will target enterprises, corporate bodies, companies and business organisations subscribing to BTTB...

Meeting on introduction of CNG-run irrigation pump today

2007-09-18 00:00:00

FE ReportThe government is likely to take initiatives for replacing the diesel-run irrigation pumps with locally developed CNG-run ones in order to saving huge fund spent on diesel consumption.Official sources estimated that such replacement would save over Tk 20.00 billion...

Price correction at DSE continues

2007-09-18 00:00:00

FE ReportShare prices recorded fall for the second consecutive day Monday with a less-than-usual trading activity on the country's main bourse -- the Dhaka Stock Exchange (DSE). Prices of most shares under banking, insurance, power and pharmaceutical sectors declined on...

Dollar steady, call rate unchanged

2007-09-18 00:00:00

FE ReportThe US dollar was steady with upward bias against the Bangladesh taka (BDT) Monday in the inter-bank foreign exchange market with stable demand for the greenback. The inter-bank call money rate remained unchanged despite withdrawal of cash through reverse...

AL leader urges CG not to allow Jamaat to participate in polls for war crimes

2007-09-18 00:00:00

Senior Awami League (AL) presidium member Syeda Sajeda Chowdhury Monday lent her strong voice to breakaway leader Kader Siddiqui in urging the caretaker government (CG) not to allow Jamaat-e-Islami to participate in elections and bring them to justice for opposing...

Norway provides $1.0m for PERP project

2007-09-18 00:00:00

Norway will contribute US$ 1.0 million (Tk 7.0 crore) for the 'Preparation of Electoral Roll with Photographs (PERP)' project in support of government effort to hold a credible, safe and fair election. Norwegian Ambassador in Bangladesh Ingebjørg Støfring and United...

Japan favours early restoration of 'democracy in Bangladesh'

2007-09-18 00:00:00

Head of Asia Division of Japan Foreign Ministry, now in Dhaka to see current political developments, said that Japan favoured early restoration of democracy in Bangladesh.Director General for South East and South West Asia of Japan Foreign Ministry Chihiro Atsumi...

BNP factions deny contacts with B Chowdhury

2007-09-18 00:00:00

After apparent refusal by LDP leader AQM Badruddoza Chowdhury to return to BNP in the changed political scenario, leaders of both factions of the Bangladesh Nationalist Party (BNP) Monday said they didn't make any formal contact with the former President...

Tax lawyer meets Hasina to verify her income-tax return

2007-09-18 00:00:00

Detained Awami League (AL) President Sheikh Hasina's income-tax lawyer Khondoker Moniruzzaman Monday met her at the makeshift jail on the Jatiya Sangsad Bhaban premises to verify her income-tax return, reports UNB."We just came here to show her (Hasina) statement on...

Arrest warrant against editor, publisher, reporter of Prothom Alo

2007-09-18 00:00:00

RAJSHAHI, Sept 17 (UNB): Chief Metropolitan Magistrate (CMM) court here Monday issued warrant of arrest against the editor, publisher and a reporter of the Daily Prothom Alo for ignoring the summon to appear in a defamation suit.Rajshahi City Corporation (RCC)...

Judiciary separation deadline widens to Oct 31

2007-09-18 00:00:00

The Supreme Court Tuesday ordered the government to complete all procedures of separating the judiciary from the executive by Oct 31. A full bench of the Appellate Division, headed by chief justice Md Ruhul Amin, issued the order. The government...

Prof Nimchandra sent to jail

2007-09-18 00:00:00

Dhaka University Professor Nimchandra Bhowmik was sent to jail after he surrendered to court Tuesday as he has been facing an arrest order in connection with the August rioting on the campus. Bhowmik, provost of Jagannath Hall, is the second...

Ershad cleared of gold smuggling charges

2007-09-18 00:00:00

A Dhaka court Tuesday cleared former president HM Ershad of charges in the Gold Smuggling Case. First additional sessions judge Md Abul Bashar handed down the verdict, which had been deferred several times earlier. "I have got justice," Ershad, chief...

IMF pulls back from new policy push

2007-09-18 00:00:00

The International Monetary Fund backed away from plans to implement a controversial Policy Support Instrument deal Tuesday. "It is up to the government of Bangladesh to decide how it wants the IMF to help with reform efforts, and we look...

Concluding a sensitive debate

2007-09-17 00:00:00

HOW much cash earning from a crop does actually generate a reasonable amount of profit for it to be called a cash crop? This is a matter that merits an in-depth review and consideration to appreciate the situation in the...

RMG: Enemies at home and beyond

2007-09-17 00:00:00

Shamsul Huq ZahidYet another violent incident rocked the Dhaka Export Processing Zone (DPEZ) at Savar last Friday, leading to suspension of operations in all units there for a couple of hours. Garment workers enraged by a rumour about the 'killing'...

Rescuing the world economy

2007-09-17 00:00:00

Martin Wolf THE financial markets have taken the world economy hostage. This has presented the world's central banks with a dilemma. They fear the consequences of paying off those responsible for the mess. But they cannot let hundreds of millions...

Burma junta refuses to bear share of pain

2007-09-17 00:00:00

Amy Kazmin BURMA'S military rulers, conditioned by years of fighting ethnic minority insurgents, always consider surprise a tactical advantage. And Burma's 52m people were indeed shocked when they awoke last month to increases of up to 500 per cent in...

University education

2007-09-17 00:00:00

OVER fifty private universities of entirely Bangladesh origin have sprung up in recent years . But how many out of them can be counted as truly useful academic organisations for both the standard of education and for providing diverse forms...

Unapproved housing schemes

2007-09-17 00:00:00

A recent report alerted that some private developers are alluring people to buy apartments and lands although these have no authorisation from RAJUK. The news was a bombshell because such properties will remain insecure for the buyers from being potentially...

Skyscraper is symbol of China's new heights

2007-09-17 00:00:00

Geoff Dyer When Minoru Mori first came to Shanghai in 1994, the Japanese real estate tycoon was reminded of the dynamism of postwar Tokyo. He promptly bought a large plot of land in Pudong, the area designated by the government...

Bristol's Diabetes drugs carry $3.0b potential

2007-09-17 00:00:00

Lisa RapaportBristol-Myers Squibb Co., the maker of the most prescribed diabetes pill, is developing three new drugs to target the world's fastest-growing disease, each of which carries sales potential of $1.0 billion a year. The company is teaming with Pfizer...

Retirement funds vanish as bankruptcies hit tax-deferred scheme

2007-09-17 00:00:00

Erik LarsonMarsha Slotten's bad news came in April by e-mail, from a tipster warning that the company holding her retirement nest egg had collapsed. After racing in a panic to the office of Southwest Exchange Inc. outside Las Vegas, she...

Poland joblessness belies boast about `galloping steed' economy

2007-09-17 00:00:00

Dorota BartyzelJarek Trela has been unemployed for seven years in the southern Polish region of Szydlowiec, which has the highest jobless rate in the European Union. He lacks the skills to work in a wealthier region or neighboring country, and...

Pranab seeks to push further India's 'Look East' policy

2007-09-17 00:00:00

BANGKOK, Sept 16 (PTI): With an aim of pushing India's 'Look East' policy, External Affairs Minister Pranab Mukherjee yesterday asked the heads of missions in the region to work for promoting further the strategic engagement with South East Asian countries,...

Chinese private sector 'main avenue of employment'

2007-09-17 00:00:00

BEIJING, Sept 16 (PTI): As many as 120 million people are employed in booming private sector of China, which is now being recognised as the "main avenue of employment" by the government itself. "The private sector of the economy is...