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Fomex Foam College Rugby Competition begins Sept 16

2007-09-11 00:00:00

The 1st Fomex Foam College Rugby Competition, organised by Bangladesh Rugby Association, will begin September 16 (Sunday) at the outer stadium ground, reports UNB.Nine metropolis college rugby teams, split into three groups, will take part in the competition. Later, three...

Injured Ronaldo set for October return

2007-09-11 00:00:00

ROME, Sept 10 (AFP): AC Milan striker Ronaldo, sidelined with a left thigh injury since July, is not expected to be fit until next month, Gazzetta dello Sport reported Monday. AC Milan's initial diagnosis on the 30-year-old Brazil striker suggested...

Nominations for ICC awards

2007-09-11 00:00:00

JOHANNESBURG, Sept 10 (AFP): List of nominees for the International Cricket Council (ICC) awards for 2007 to be presented at the Sandton Convention Centre here Monday night:Cricketer of the Year for the Sir Garfield Sobers Trophy:Shivnarine Chanderpaul (WIS) Kevin Pietersen...

Graeme Smith sets up win against Australia

2007-09-11 00:00:00

Graeme Smith and AB de Villiers launched a fierce assault that led South Africa to an eight-wicket victory against tournament favourites Australia in a warm-up match at Centurion. Chasing 180, Smith remained unbeaten on 89 while de Villiers smashed 65...

DSE needs to entice more PLCs to go public: Aziz

2007-09-11 00:00:00

FE ReportFinance and planning adviser AB Mirza Azizul Islam Monday advised the Dhaka Stock Exchange (DSE) to encourage the non-listed public limited companies to go public."Only off-loading of government-owned shares in oil, telephone and other entities will not help the...

Sharif deported soon after return

2007-09-11 00:00:00

ISLAMABAD, Sept 10 (Agencies): Nawaz Sharif, the former Pakistani prime minister, was arrested and then deported to Saudi Arabia Monday, just hours after he returned to Pakistan in a defiant end to seven years in exile. Sharif was flown out...

Emergency rules amended to allow bail

2007-09-11 00:00:00

The caretaker government amended the Emergency Powers Rules Monday, introducing bail provisions for family members of persons charged with corruption, an adviser said, reports bdnews24.com.The amended rules will come out in a gazetted notice, Law and Information Adviser Mainul Hosein...

Mirza Khokon gets 8 yrs in jail for tax evasion

2007-09-11 00:00:00

A Dhaka court Monday jailed former BNP minister Mirza Abbas' younger brother Mirza Khokan for eight years in jail on charges of tax-evasion, reports bdnews24.com. Judge Shahed Noor Uddin of the Special Judge's Court-3 also fined him Tk 0.25 million...

Offices of all parties except BNP open

2007-09-11 00:00:00

Barring central office of the apparently bifurcated BNP, other political party offices opened Monday following the CA's announcement lifting ban on indoor politics after a half-year break, reports UNB.Awami League (AL), Jamaat-e-Islami, Jatiya Party, Workers Party, JSD and CPB opened...

$75m WB budgetary support announced

2007-09-11 00:00:00

FE ReportThe World Bank (WB) has agreed, in principle, to lend US$75 million to Bangladesh as emergency budgetary support in the wake of floods.In addition to the budgetary support, the multilateral lender is expected to take up a post-flood restoration...

Govt set to adopt 'Open Sky Policy' for two months

2007-09-11 00:00:00

FE ReportThe government is going to adopt an 'Open Sky Policy' for a limited period of two months enabling airlines of Malaysia, Dubai and Saudi Arabia to carry Bangladeshi workers to those countries, official sources said. "We have taken the...

US, UK, EU hail partial lifting of ban on politics

2007-09-11 00:00:00

The United States (US), the United Kingdom (UK) and the European Union (EU) welcomed the Chief Adviser's (CA's) announcement of partial lifting of the ban on political activities in Bangladesh as part of a process of full restoration of democracy,...

Heavy downpour inundates farm lands in 23 dists

2007-09-11 00:00:00

FE ReportMost of the agricultural lands in 23 districts in the country have freshly been inundated following heavy downpour over the past few days, adversely affecting the newly transplanted Aman and vegetable fields.The country has now been facing fresh floods...

MCCI hails outcome of two events

2007-09-11 00:00:00

FE ReportThe Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI) welcomed Monday the outcome of two events during the last seven days. The events, according tot he MCCI, are: (1) the business community's dialogue on business environment with the Chief...

Malaysia unveils pump-priming budget

2007-09-11 00:00:00

John Burton, FT Syndication ServiceSINGAPORE: Malaysia said it would cut corporate taxes and a property stamp duty to attract foreign investment as it unveiled a pump-priming budget ahead of an expected general election.Government spending will rise 2.5 per cent to...

New satellite ground station opens at SPARRSO

2007-09-11 00:00:00

The new satellite ground station of SPARRSO was inaugurated at SPARRSO auditorium in the city Monday. Defence Secretary Kamrul Hasan inaugurated the new satellite ground station as the chief guest. Chinese ambassador Zheng Qing Dian was present on the occasion...

Banking hours during Ramadan

2007-09-11 00:00:00

Bangladesh Bank Monday announced office timings for retail banks during Ramadan. All banks, including the central bank, will remain open from 9am to 3.30pm. Transactions will be carried out from 9am to 2pm, the central bank said in a statement....

Wood supplier's body recovered

2007-09-11 00:00:00

Body of a man was recovered from a toilet of an under construction building in the city's Uttara area Monday. The dead was identified as Noni Gopal (38), a timber supplier and resident of Salimuddin Lane, Moddhya Badda. On information,...

BB's initiatives to strengthen Anti-Money Laundering Act enforcement

2007-09-11 00:00:00

Siddique Islam The Bangladesh Bank (BB) has decided to create greater awareness among bank officials about enforcement of existing Anti-Money Laundering Act to help check illegal fund transfers.Under the move, the central bank will conduct a long-term training programme for...

Flood situation in some parts worsens further

2007-09-11 00:00:00

The latest flood situation in the country's northeastern and northwestern parts deteriorated further, spreading fast into newer areas during the last 24 hours to 6.00 am Monday with the major rivers continuing to swell again amid heavy rain, reports UNB.In...

Power sector needs $10.8b to implement master plan

2007-09-11 00:00:00

M Azizur RahmanThe country will require investments worth over US$ 10.8 billion to increase total electricity production capacity to 22,370 megawatts (MW) as envisaged in a master plan prepared for the power sector."The Power Division is now devising means to...

Indoor politics allowed only in capital on limited scale

2007-09-11 00:00:00

After the withdrawal of ban on indoor politics, political parties are now allowed to hold meetings only in the metropolitan area of the capital on a limited scale with prior permission from the authorities concerned, reports UNB/bdnews24.com.A gazette notification on...

NCC to wrap up list of suspected corrupt this month

2007-09-11 00:00:00

The Anti-Corruption Commission (ACC) secretary Monday said the final list of suspected corrupt being made by the national coordination committee (NCC) on preventing corruption and severe crimes would be completed this month, report BSS/UNB. "We expect to get the final...

Bid to bring SEC, RJSCF under one umbrella

2007-09-11 00:00:00

FE ReportA move is underway to bring the Securities and Exchange Commission (SEC) and the Registrar of Joint Stock Companies and Firms (RJSCF) under one umbrella to make the company registration process easier and hassle-free."We have already submitted a proposal...

Rice sale under OMS starts

2007-09-11 00:00:00

The government launched rice sale under Open Market Sale (OMS) rationing operation from shops of 15,440 dealers across the country Monday, as prices of the staple remained on the up, reports UNB Advisor for Food and Disaster Management Tapan Chowdhury...

Move to make BBS an independent entity

2007-09-11 00:00:00

Shakhawat Hossain The caretaker government (CG) has taken a move to make the Bangladesh Bureau of Statistics (BBS) independent, aiming to raise its credibility at home and abroad, BBS officials said."Promulgation of an act is in the process by the...

DSE general index crosses 2600-mark

2007-09-11 00:00:00

FE ReportThe benchmark DSE general index (DGEN) crossed the 2600-mark, a new milestone set Monday amid bullish trading buoyed by banking, insurance and pharmaceuticals sector issues.The DGEN rose to 2600.633 points amid mixed trends of stock prices on the day....

Govt may urge WFP for more food aid

2007-09-11 00:00:00

FE ReportThe government might appeal the UN World Food Programme (WFP) for increased food aid to build up a comfortable food grain stock against the backdrop of crop damage by the floods, official source said.The Economic Relations Division (ERD) Secretary,...

SC orders 3-wk status quo on stalled trial

2007-09-11 00:00:00

The Supreme Court (SC) Monday ordered maintaining status quo for three weeks on the stalled trial proceedings of the much-talked-about Mig-29 purchase scam case against detained former prime minister Sheikh Hasina and the co-accused persons, reports UNB.Chamber judge of the...

Dollar stable, call rate steady

2007-09-11 00:00:00

FE ReportThe US dollar maintained its steady nerve against the Bangladesh taka (BDT) Monday in the inter-bank foreign exchange market with stable demand, and the call money rate was unchanged although the central bank withdrew cash through reverse repurchase agreement...