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Dhaka condemns Hyderabad blasts

2007-08-27 00:00:00

Foreign Adviser Iftekhar Ahmed Chowdhury has strongly condemned the bombings in Hyderabad, but rejected Andhra Pradesh Chief Minister Rajasekhara Reddy's allegation that Bangladeshi terrorist outfit was behind the Saturday's blast, report agencies."This is baseless and we will contest any wrong...

Finance ministry to back separate pay scale for BB officials strongly

2007-08-27 00:00:00

Shakhawat Hossain The Ministry of Finance (MoF) is expected to make out a case for adopting a separate pay-scale for the central bank officials at the meeting of the council of advisers, sources said.The advisory committee headed by Finance Adviser...

Moderate quake jolts country

2007-08-27 00:00:00

A moderate earthquake, measuring 5.5 on the Richter scale, jolted the country Saturday night. The epicentre of the tremor that was felt at about 23 hours 3 minutes 11 seconds (BST) was about 1014.6 km from Agargaon, Dhaka Seismic Observatory...

Newspaper holiday Wednesday

2007-08-27 00:00:00

The offices of all newspapers and news agencies will remain closed Wednesday (August 29) on account of the holy Shab-e-Barat. Therefore, no newspaper will be published Thursday, the next day, said a press release of the Newspapers Owners Association of...

Judgement in bribery case against Huda, wife today

2007-08-27 00:00:00

The special court trying high-profile corruption suspects Sunday rescheduled the judgement day for today (Monday) in the Tk 24 million (2.40 crore) bribery case against the detained former Communications Minister and BNP stalwart Nazmul Huda along with his wife Sigma...

Two photojournalists injured falling from SC-bar gangway

2007-08-27 00:00:00

Two enthusiastic photojournalists in their bid to take snapshots of lawyers fell to the ground from the gangway of Supreme Court (SC) - Bar Library and were badly wounded Sunday. Shawkat Jamil of the Daily Star and Mizanur Rahman Khan...

Additional 360mw power likely by Aug ’08

2007-08-27 00:00:00

Doulot Akter MalaThe country is likely to get additional 360-megawatt of power by August 2008 as the energy ministry has made a move to establish 10 small power plants (SPPs) and four rental power plants in separate locations of the...

NCC Bank diversifies activities

2007-08-27 00:00:00

FE ReportNCC Bank Ltd, a leading private commercial bank (PCB), has diversified its activities in areas like agro-financing, stock brokerage, primary dealership, credit cards and corporate social responsibilities (CSR)."We have a strong commitment for our clients and that's why we...

IDB to finance study on Eastern Refinery capacity expansion

2007-08-27 00:00:00

FE ReportThe Islamic Development Bank (IDB) will provide a grant amount of $218,000 to finance a feasibility study on capacity expansion of the state-owned Eastern Refinery Limited (ERL)."The Energy and Mineral Resources Division (EMRD) Sunday endorsed the IDB proposal for...

Banks in city witness heavy rush

2007-08-27 00:00:00

FE Report Commercial banks in the city witnessed a heavy rush of clients Sunday following the student unrest and the weekly holidays. Clients were seen standing in long queues at many branches of the banks in different parts of the...

Recent violence-related cases to be settled within two weeks

2007-08-27 00:00:00

Dhaka Metropolitan Police (DMP) Commissioner Naim Ahmed Wednesday said 35 cases filed in connection with violence and violation of emergency rules in Dhaka City will be settled within two weeks after investigations, reports UNB."We will settle the cases within the...

Govt completes corporatisation of Sonali, Janata Agrani this week

2007-08-27 00:00:00

The government has finalised the draft for "vendor agreement" completing the process of corporatisation of state-run Sonali, Janata and Agrani banks, reports UNB.A meeting of the Banking Division of the Ministry of Finance finalised the draft Sunday with Finance Secretary...

NBR waiting for response from taxpayers to newly introduced system

2007-08-27 00:00:00

National Board of Revenue (NBR) will go for further simplification of rules and regulations for payment of taxes on the basis of success of the new system introduced this year, reports UNB. Universal self-assessment system and unified taxpayers identification number...

Death toll from floods shoots up to 702

2007-08-27 00:00:00

The steadily growing death toll from the flood-related incidents like drowning, waterborne diseases and snakebites etc rose to 702 with 10 fresh deaths reported in the last 24-hours until Sunday morning, reports UNB. Meanwhile, the flood situation has improved greatly...

TCB moves to stabilise prices during Ramadan

2007-08-27 00:00:00

FE Report The Trading Corporation of Bangladesh (TCB) has taken adequate steps for supplying essential commodities during the month of Ramadan and help stabilise the market during the period.The TCB officials said the corporation will supply lentil, onion, chickpeas and...

Stocks bounce back

2007-08-27 00:00:00

FE ReportStock prices on the Dhaka Stock Exchange (DSE) Sunday bounced back despite a two-hours' delayed start in the day's trading.Senior officials of the DSE said the stock prices on the country's prime bourse bounced back as normalcy has been...

CCCI recommends steps to control essentials’ prices

2007-08-27 00:00:00

CHITTAGONG, Aug 26 (UNB) - Chittagong Chamber of Commerce and Industry (CCCI) leaders in a meeting Sunday put forward a 19-point recommendation to the government for uninterrupted supply of essentials during the month of Ramadan.The chamber leaders will submit the...

ACC seizes ex-Jamaat MP's Pajero from Dhaka

2007-08-27 00:00:00

CHITTAGONG, Aug 26 (UNB): The Anti-corruption Commission (ACC) seized a Pajero jeep of former Jamaat MP Shahjahan Chowdhury from Tejgaon area in the capital Dhaka Saturday.The ACC sources said Shahjahan Chowdhury, in his wealth statement, showed the price of his...

Inspiringly positive

2007-08-27 00:00:00

A nation's economic self-reliance in any form is coveted and prestigious for it. For this reason, last Saturday's report in this paper about the Bangladesh Bank (BB) being likely to provide $300 million to the state-owned Bangladesh Petroleum Corporation (BPC)...

The state of uneasiness in banking sector

2007-08-27 00:00:00

Shamsul Huq ZahidAll is not well in the country's banking sector. While the sector is sitting on a huge amount of excess liquidity, a reverse trend in the recovery of non-performing loans (NPLs) is now being witnessed, much to the...

Credit wholesaling for SME financing

2007-08-27 00:00:00

Ferdous Ara Begum in the second of a two-part articleTHE capital-output ratio and return on asset are higher in case of the small enterprises. Large ones can buy raw materials at lower costs. This is one of their advantages. However,...

Why the good life could turn out to be the hardest sell of all

2007-08-27 00:00:00

Rebecca KnightALAN Andreasen has been a professor of marketing for more than 40 years, but he does not know much about writing advertisements."I am about taking ideas, breaking them down and making them usable to people on the ground," says...

Exercising utmost restraint

2007-08-27 00:00:00

NOW that the situation has returned to normalcy in the public educational institutions in most cities of the country following the unfortunate incident in the Dhaka University over a trifling matters, all concerned should exercise utmost restraint. The incident was,...

Does it apply to the land boundary agreement?

2007-08-27 00:00:00

Many Indians have raised their voice of concern stating that the hurriedly framed Hyde Act in the US would actually govern the American decisions on nuclear supports to their country under the Indo-US nuclear deal, which, incidentally, will enter into...

Calling for flood aid

2007-08-27 00:00:00

THE government has now, according to reports in the media, decided to issue an official call for foreign assistance to cope with the devastation of the flood. A fortnight ago, the foreign adviser was earlier reported to have told newsmen...

Pitching the imperial republic: Bonaparte and Bush on deck

2007-08-27 00:00:00

Juan Cole French Egypt and American Iraq can be considered bookends on the history of modern imperialism in the Middle East. The Bush administration's already failed version of the conquest of Iraq is, of course, on everyone's mind; while the...

Burma: A people running on empty

2007-08-27 00:00:00

Marwaan Macan-Markar from BangkokFor over a week, Burmese civilians in and around Rangoon have been forced to make a tough choice -- stay at home and starve or go to work and labour on near-empty stomachs. This choice for people...

Security measures in place for protection of diplomats: FA

2007-08-27 00:00:00

Adviser for Foreign Affairs Iftekhar Ahmed Chowdhury assured foreign diplomats that all security measures were in place for their protection so they could work unhindered.The foreign adviser told journalists after briefing diplomats and representatives of international organisations at the Ministry...

Voter listing begins in Khulna City

2007-08-27 00:00:00

KHULNA, Aug 26 (UNB): Voter registration with photographs in Khulna City Corporation (KCC) formally began Sunday which was stalled Thursday following the imposition of curfew.55 Infantry Division GOC M Rafiqul Islam formally inaugurated the registration work at Khulna Model School...

Iran assures all necessary support for flood victims

2007-08-27 00:00:00

Iranian Foreign Minister Manouchehr Mottaki Sunday phoned his Bangladesh counterpart for discussion on bilateral matters, when the government of Iran gave assurance of all necessary support for the flood victims in the country, reports UNB.The Iranian foreign minister called Adviser...