Afroza Abbas, wife of detained former minister and BNP leader Mirza Abbas, was Sunday sentenced to 16 years imprisonment in absentia in two tax-dodging cases, reports UNB.The special court, set up for trying the country's high-profile corruption suspects, also fined...
Andrew Ward, FT Syndication ServiceWASHINGTON: President George W. Bush will seek to breathe fresh life into the stalled Doha round of international trade negotiations during the annual summit of Pacific Rim nations in Sydney this week.The White House said it...
The government has urged the landowners to cooperate with the surveyors concerned in land record in their respective areas by showing relevant land documents for proper record of their lands. A handout Sunday said the surveyors (Amins) would complete surveying...
Share trading of Bangladesh Finance and Investment Company Ltd (BFICL), a non-banking financial institution (NBFI), will likely begin on both the stock exchanges September 8. "Our board of directors in a meeting on September 6 will take the final decision...
Bangladesh Bank and all other scheduled banks will remain closed tomorrow (September 4) on the occasion of Janmasthami, a press release said Sunday.
A total of 218 out of the 302 controversial upazila election officials could retain their jobs by passing the assessment examination taken on May 18 while the rest failed. "Some 84 officials couldn't qualify. They wouldn't be retained. The decision...
SARDA (RAJSHAHI), Sept 2 (UNB): Chief Adviser (CA) Fakhruddin Ahmed has urged the probationary police officers to carry out their duties as future leaders of the law enforcing agency to fulfil people's aspiration of a terrorism- and corruption-free prosperous Bangladesh.He...
FE ReportA total of 37 private commercial banks (PCBs) including seven foreign ones will disburse agricultural credit to the tune of Tk 10.66 billion (1,066 crore) for the first time in the current fiscal, official sources said.The Ministry of Finance...
Commonwealth Secretary General Don McKinnon has called for lifting the state of emergency in Bangladesh and the ban on indoor political activity, reports UNB."I am convinced that these are urgent and essential steps that need to be taken if the...
FE ReportThe benchmark DSE general index (DGEN) crossed the 2500-mark, a new milestone set Sunday amid bullish trading buoyed by banking sector issues.The DGEN rose to 2516.724 points Sunday amid a rally of stock prices for the fifth consecutive day.The...
FE ReportDelta Life Insurance Company Ltd (DLICL), one of the country's leading life insurance companies, expects a 20 per cent growth of its life fund in 2007, to Tk 12 billion. "We are expecting to add another 3,50,000 new policy...
India-Bangladesh Chamber of Commerce and Industry (IBCCI) has pleaded for 5-year multiple Indian visas for Bangladeshi businessmen to facilitate easy and frequent travels to the neighbouring country, reports UNB.Leaders of the joint chamber made the appeal drawing attention of Indian...
6,136 people have legalised Tk 8.54 billion (854 crore) in undeclared legal income paying Tk 1.45 billion as tax in the first month of the extended period of the National Board of Revenue (NBR) granted opportunity, reports UNB.NBR, on June...
FE ReportThe US dollar was unchanged against the Bangladesh taka (BDT) Sunday in the inter-bank foreign exchange market because of steady demand for the greenback, fund managers said.The exchange rate of the dollar stood at Tk 68.70 maintaining the previous...
Doulot Akter MalaThe customs department is contemplating introduction of a 'single window' service to expedite unloading and subsequent clearing of imported merchandise at the seaports.The department devised the mechanism to remove procedural complexities resulting in delay in the release of...
CHITTAGONG, Sept 2 (BSS): The Chittagong port will be now able to handle 65,000 more TEUs of containers annually with the opening of a newly-constructed container yard facility Sunday. The new facility on 24,200-sft areawith 3,200 TEUs (twenty equivalent units)...
A Dhaka court Monday rejected an appeal for bail of former prime minister Khaleda Zia and ordered her into jail after security forces arrested her early morning. Khaleda would be kept in a special jail on the Jatiya Sangsad Bhaban...
BNP chairperson Khaleda Zia Monday expelled Abdul Mannan Bhuiyan from the party as secretary general. She made the announcement while on her way out of the Chief Metropolitan Magistrate's Court, Dhaka where she had been produced following arrest in a...
The Islamic Development Bank (IDB) is well known in Bangladesh. But regrettably over the years, resources from it was not so well utilized by Bangladesh. But hopefully there would be a change now after the recent visit of its President,...
Shamsul Huq ZahidThe present interim government considers the soaring prices of essentials as its 'enemy number one' for obvious reasons. Until now all the policy measures, starting from duty exemptions down to limited retail operations by the para-military Bangladesh Rifles...
Joe LeahyTHIS year, a rumour swept through the global stock markets that the information technology services outsourcing industry was about to witness the deal of the century. According to the speculation, Infosys Technologies, India's number two outsourcing group, was contemplating...
Forrest CooksonI am one of the persons who has argued in favour of gas exports to India through pipelines! I am not blushing about being wrong. On the contrary I am convinced that I remain right!The real issue in exporting...
I read in newspapers sometime ago that a law in draft form had recommended maximum fines ranging between twenty thousand to fifty thousand Taka for those who produce, market and distribute spurious, substandard and hazardous consumer goods. But one is...
Bill the BIDS move to bring together former finance ministers of our country on ensuing September 6 as an arrangement to put light upon light. The meet may help identify which way would be relatively less painful for us and...
Seth LuboveDavid Murdock is annoyed. The mayor of Westlake Village, California, site of Murdock's new 270-room Four Seasons hotel and health spa, and headquarters of his $6 billion Dole Food Co., has just finished speaking for almost two hours. Murdock,...
Andrew Jack from London and Amy Yee from New DelhiCHINA has overtaken India as one of the fastest-growing locations for drug trials, in a fresh sign of the importance of the world's most populous country to the pharmaceutical industry.An analysis...
PHNOM PENH, Sept 2 (AFP): Safeguards protecting Cambodia's garment sector expire by year's end, and the country hopes the United States, its biggest market, will help stave off a disastrous downturn in the industry which accounts 80 per cent of...
HONG KONG, Sept 2 (AFP): Airbus's new super jumbo will fly over Hong Kong Monday, heralding the start of Asia's largest airshow, with the industry set to vie for slices of India's and China's booming markets. The double-decker A380 is...
TOKYO, Sept 2 (AFP): Japan's new finance minister called today for the Group of Seven (G7) industrialised nations to learn lessons from financial market turbulence triggered by turmoil in the US credit market. Fukushiro Nukaga said the G7 should analyse...
NEW DELHI, Sept 2 (AFP): India looks set for another year of strong growth after the economy unexpectedly accelerated by a scorching 9.3 per cent during the first three months, analysts say. The first-quarter data, driven by robust manufacturing and...
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