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EC to send EPR convicts' list to DCs to disqualify them from poll

2008-10-29 00:00:00

The Election Commission (EC) will send the lists of persons convicted under the Emergency Powers Rules (EPR) to the Deputy Commissioners (DCs) to disqualify them from contesting the upcoming parliamentary elections, as the reformist interim regime intends to present the...

Zillur asks govt to ban war criminals from Dec 18 polls

2008-10-29 00:00:00

Awami League's (AL) acting president Zillur Rahman Tuesday asked the Election Commission (EC) and the caretaker government (CG) to ban all war criminals of the 1971 liberation war from standing in the upcoming December 18 polls, reports UNB."For protecting our...

Charge framed against Ctg mayor in tax-dodging case

2008-10-29 00:00:00

CHITTAGONG, Oct 28 (UNB): Mayor of Chittagong ABM Mohiuddin Chowdhury, released on bail from jail a few days back, was Tuesday indicted for tax evasion.Judge SM Solaiman of the divisional Special Judge’s Court framed the charge and fixed November 5...

Badruddoza for nat'l govt to free country from corruption

2008-10-29 00:00:00

BAGERHAT, Oct 28 (UNB): Bikalpa Dhara Bangladesh (BDB) President AQM Badruddoza Chowdhury Tuesday emphasised forming a national consensus government to curb corruption and terrorism in the country."The country could be freed from corruption and terrorism if a national consensus government...

SC to hear ACC petition in Boropukuria graft case against Khaleda today

2008-10-29 00:00:00

An Anti-corruption Commission (ACC) application for staying operation of the High Court (HC) orders halting proceedings of the Boropukuria coalmine graft case against former Prime Minister and BNP chairperson Khaleda Zia will be heard by the Appellate Division today (Wednesday),...

BB recommends changes in debt management policy

2008-10-29 00:00:00

Siddique Islam The Bangladesh Bank (BB) has recommended changes in the government's debt management strategy to facilitate proper implementation of the monetary policy. "....bringing appropriate changes in the government's debt management strategy would be important to improve the balance between...

Govt's offer to legalise undisclosed income falls on deaf ears

2008-10-29 00:00:00

Doulot Akter MalaThe government's offer to the people to legalise their undisclosed income have fallen into deaf ears as only 2000 people seized the opportunity with the deadline expiring on Thursday, officials said. The revenue board offered the out-of-the-box facility...

A predicament called 'bank borrowing'

2008-10-29 00:00:00

Shamsul Huq Zahid The government can seek funds in the form of grants as well as credits from bilateral donors and concessionary loans from multilateral lending agencies, and borrow. But it can hardly steal money to finance its annual budgetary...

Drive launched to stop sale of 8 brands of milk

2008-10-29 00:00:00

FE Report Law enforcing agencies have launched special operations to stop the display and sale of eight brands of powder milk from the markets across the country following a court order. The eight brands of powder milk tested positive to...

Two roundtables on Day 2

2008-10-29 00:00:00

Two roundtables will be held on the second day of the International Business Conference (IBC) at the Bangladesh-China Friendship Conference Centre (BCFCC) in the city November 1.The roundtables are 'Global Economic Shift to Asia' and 'Does Bangladesh have a niche...

NBR extends tax return deadline to Nov 6

2008-10-29 00:00:00

FE ReportThe National Board of Revenue (NBR) has further extended the deadline for submission of individuals' tax returns up to November 6 following poor response from the taxpayers.Less than 0.2 million (2 lakh) individuals have submitted tax returns until now...

Dhaka stocks bounce back

2008-10-29 00:00:00

FE ReportDhaka stocks bounced back Tuesday clawing back heavy losses of previous two days amid low turnover. The gain was led by insurance, power and energy, pharmaceuticals and most of the banking issues.The benchmark DSE General Index (DGEN), All Shares...

Two skinheads held over plot to kill Obama

2008-10-29 00:00:00

WASHINGTON, Oct 28 (Reuters): Two white supremacist skinheads were arrested in Tennessee over plans to go on a killing spree and eventually shoot Democratic presidential candidate Barack Obama, court documents showed Monday. Daniel Cowart and Paul Schlesselman were charged in...

Power cuts cost economy 2pc in lost national growth: WB

2008-10-29 00:00:00

FE Report Electricity shortage is a 'critical' drag on private sector growth as an estimated 2.0 per cent of the country's economic output is frittered away due to erratic power supply, says a new World Bank report. Since 2003, the...

Ananda Shipyard building ships for S'porean co

2008-10-29 00:00:00

FE ReportThe country's pioneering shipbuilder Ananda Shipyard and Slipways Tuesday started constructing two ocean-going vessels for a Singaporean company in a further sign of emergence of Bangladesh as a new ship-making destination, an official said Tuesday. Director of the company...

Bangladeshi scientist innovates rapid dengue test kit

2008-10-29 00:00:00

A new test kit marketed Tuesday in the country for helping quick-fix diagnosis of dengue virus within 15 to 20 minutes only. An expatriate Bangladeshi scientist innovated the kit namely 'Assure Dengue IgA Rapid Test Kit'. Event Technology Limited, a...

One transport worker gunned down in city

2008-10-29 00:00:00

A transport-company employee was shot dead and two others were injured in a daring gun attack reportedly by extortionists at their office at Wari in the city on Tuesday night. Police said 2/3 men raided the head office of Elish...

UK to issue ID cards to foreigners from November

2008-10-29 00:00:00

The UK Border Agency will begin issuing compulsory identity (ID) cards next month to foreign nationals seeking to remain in the UK, either as students or on the basis of marriage or partnership. The cards will be issued to all...

Compliance with IFRS-4 to revolutionise insurers' accounting system

2008-10-29 00:00:00

FE ReportPreparing annual financial statement in compliance with the International Financial Reporting Standard (IFRS)-4 will help bring about revolutionary changes in the accounting system of insurance companies, speakers observed at a seminar in the city Tuesday.They said introduction of the...

Populism and economic crisis

2008-10-29 00:00:00

M A TaslimThere has been some concern that the domestic commercial banks are lending too much money. Bank credit grew during the past year (Aug 07-Aug 08) at over 22 per cent. The total figure hides the fact that the...

Country needs to diversify exports, destinations

2008-10-29 00:00:00

FE ReportBangladesh Ambassador to World Trade Organisation (WTO) in Geneva Debapriya Bhattacharya Tuesday said the country needs to diversify both its products and export destinations to weather the prevailing global financial downturn."The ready-made garment (RMG) is the only major product...

Bangladesh should consider nuclear option to generate power: Tamim

2008-10-29 00:00:00

FE Report Special aide to Chief Adviser on energy and power M Tamim said Tuesday that Bangladesh now should consider the nuclear option to generate power mainly because of shortage gas."This is not my jurisdiction, although I personally would encourage...

Govt plans to raise car procurement prices amid pressures from ministries

2008-10-29 00:00:00

Shakhawat Hossain The finance ministry has taken a move to increase prices of cars purchased every year for government usage, after it was hard pressed by other ministries and divisions, officials said Monday.The increase --- ranging from five to 23...

UN urged to set up climate research institute in Dhaka

2008-10-29 00:00:00

From Fazle RashidNEW YORK, Oct 28: International Farakka Committee in adjunct with Dr. Ferdousi Begum, an environment activist and a Plant Biotechnologist, in letters addressed to UN Secretary General Ban Ki-moon, made strong pleas for setting up the International Climate...

Re-rolling mills owners for VAT on MS rod import

2008-10-29 00:00:00

Against the backdrop of a sharp fall in the prices of raw materials, the country's MS rod manufacturers were now apprehending dumping of the product from a neighbouring country, reports UNB.After the sudden rise in prices of raw materials and...

Triggering actions for transparent regulations

2008-10-28 00:00:00

THE Regulatory Reforms Commission (RRC) has been a welcome step on the part of the present government to promote business activities in the country. The RRC was put under the charge of a respected former bureaucrat, having intimate knowledge of...

It's time for NBR to face hard truth

2008-10-28 00:00:00

Shamsul Huq ZahidTHE National Board of Revenue (NBR), perhaps, has started cursing itself for setting up what, according to many, a highly ambitious revenue target for the current fiscal year. If the current trend in the collection of revenue under...

Making it to the White House will be the easy part

2008-10-28 00:00:00

Philip StephensTHE hurricane sweeping through financial markets has changed the character of the US presidential contest. The consequences of the crash, political and economic, will have a still more profound effect on the course of the next presidency.The failures of...

Counterfeit notes

2008-10-28 00:00:00

ACCORDING to press reports, counterfeit Bangladeshi currency notes of Taka 500 and Taka 100 denominations are coming from India into the bordering rural areas of the countries where it is difficult to detect the forgery. Reportedly, even some defence personnel...

Restoring of Hatirjheel, Begunbari canals

2008-10-28 00:00:00

THE government has been praised for evicting grabbers of land by the sides of Hatirjheel and Begunbari canals. It evicted the illegal occupants to recover the lakes and the land by them for the beautification of the city. The caretaker...