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Clothes worth Tk 50m gutted in city RMG fire

2007-08-21 00:00:00

A huge quantity of clothes worth about Tk 50 million (5 crore) burnt to ashes as a garment factory went up in flames in the city's Shanirakhra area Monday afternoon, reports UNB.Fire Brigade sources said the fire originated from the...

BAPEX advised to form jt ventures with IOCs

2007-08-21 00:00:00

M Azizur RahmanThe state-owned Petrobangla has asked its subsidiary, the Bangladesh Petroleum Exploration and Production Company Ltd (BAPEX), to consider joint ventures with the international oil companies (IOCs) to conduct exploratory activities in its 'reserved' areas having complicated structures.The Petrobangla...

ECNEC approves Padma Bridge, voters' roll and ID projects

2007-08-21 00:00:00

FE ReportThe Executive Committee of the National Economic Council (ECNEC) Monday approved the Padma Bridge and the voters' roll with photograph and national identity (ID) card projects.The Padma Bridge will be constructed at a cost of Tk 101.618 billion by...

Shab-e-Barat holiday on Aug 30

2007-08-21 00:00:00

The government has announced public holiday on August 30 (Thursday) instead of August 29 as the holy Shab-e-Barat will be observed on the night of August 29 (Wednesday). However, the offices which have their own rules for office timing and...

JMB member to die for killing convert

2007-08-21 00:00:00

A Dhaka court Monday sentenced Jamaatul Mujahideen Bangladesh (JMB) leader Salahuddin to be hanged for murdering Hridoy Roy, a Christian youth converted from Islam in Jamalpur. Judge Md Israil Hossain of the Speedy Trial Tribunal Dhaka-4 handed down the verdict....

Work on new well starts at Habiganj field

2007-08-21 00:00:00

HABIGANJ, Aug 20: Work for digging a new well at Habiganj gas field of Shahjibazar started Monday expecting to produce 25 million cft gas from it daily. Petro Bangla Chairman Sheikh Abdur Rashid opened the digging work of well no....

82 businesses to receive Nat'l Export Trophy

2007-08-21 00:00:00

Eighty-two business organisations will be given the National Export Trophy in recognition of their contributions to the country's economy in 2002-'03, 2003-'04 and 2004-'05 fiscal years. A list of the business organisations was finalised Monday at a meeting of the...

OMS of rice from Sept 10, VGF from Sept 22

2007-08-21 00:00:00

FE ReportThe government will launch its countrywide open market sale (OMS) of rice from September 10, aiming to help supply the item at a lower price to the poor segment of the people, especially during the Ramadan.Besides, the distribution of...

Stocks bounce back on DSE as investors regain confidence

2007-08-21 00:00:00

FE ReportThe stock prices on the Dhaka Stock Exchange (DSE) Monday bounced back on the news that the National Board of Revenue (NBR) would not take any measure that might affect the booming share market. Market operators said investors regained...

EPB asked to revise its export target upward

2007-08-21 00:00:00

FE Report The commerce ministry has asked the Export Promotion Bureau (EPB) to revise its proposed export target upward for the current fiscal considering the performances of some major items over the past five years.The instruction came at a meeting...

EC to invite parties to reform talks next week

2007-08-21 00:00:00

The Election Commission (EC) starts writing to political parties next week to discuss long-pending electoral reforms, the chief election commissioner (CEC) said Monday, reports bdnews24.com.The commission will also send drafts of the electoral laws to the parties along with the...

Brac Bank getting good response from SME entrepreneurs

2007-08-21 00:00:00

FE ReportBrac Bank, one of the country's fastest growing private sector bank, has been receiving encouraging response from the small and medium entrepreneurs as it is offering collateral-free loans for the SME sector."We are receiving tremendous response from the entrepreneurs...

All-out efforts being taken to achieve revenue collection target from VAT

2007-08-21 00:00:00

FE ReportThe National Board Revenue (NBR) is taking allout efforts to achieve revenue collection target from value added tax (VAT) at Tk158.90 billion in fiscal 2007-08, sources said.They said the NBR has been considering some fresh moves to bring dynamism...

Global stocks higher

2007-08-21 00:00:00

LONDON, Aug 20 (Agencies): Investors boosted stocks and moved back into other riskier assets Monday as immediate fears of a credit crunch waned following the US Federal Reserve's confidence-building move last week. Asian stocks rallied the most in three years.European...

India's political impasse deepens

2007-08-21 00:00:00

MUMBAI (Agencies): Political uncertainty has deepened in India with the communist allies of the government hardening their stance against the nuclear deal with the US. The communists say the deal, under which India gets access to civilian nuclear technology and...

developments in the region and abroad

2007-08-21 00:00:00

Optimism erodes at Utah mineHUNTINGTON, Utah, Aug 20 (Internet): Officials on Sunday all but declared dead six miners they have been trying to rescue for the last two weeks, after a fourth hole drilled to the area where the men...

Sonali Bank starts disbursing agri loans among flood-hit

2007-08-21 00:00:00

FE Report State-owned Sonali Bank has started disbursing fresh agricultural loans among the flood-hit farmers across the country on easy terms."We have already disbursed Tk 200 million as post-flood agro-credit to rehabilitate the affected farmers," Managing Director of the Sonali...

EPB moves to popularise organic vegetable farming

2007-08-21 00:00:00

FE ReportThe Export Promotion Bureau (EPB) has taken a move to popularise cultivation of organic vegetable so that it could be exported to bring diversification in the country's export products. The EPB has, meantime, invited a Japanese expert team to...

Dollar gains, call rate unchanged

2007-08-21 00:00:00

FE ReportThe US dollar gained against the Bangladesh taka (BDT) Monday in the inter-bank foreign exchange market with moderate demand for the greenback, fund managers said.The exchange rate of the dollar against the BDT moved between the range of Tk...

Protests rage on as teachers back DU students

2007-08-21 00:00:00

Police fired teargas Tuesday to quell protests that spilled into its second day amid a strike at Dhaka University as more than 1,000 angry students marched through the troubled campus. The marauding students smashed several vehicles at Shahbagh and Nilkhet...

HC asks govt to explain some emergency rules

2007-08-21 00:00:00

The High Court Tuesday demanded an explanation from the government on why some rules of the emergency powers rules including those on denying bail and confiscating property should not be declared unconstitutional. A High Court bench of Justice Shah Abu...

President urges all to build well-off Bangladesh

2007-08-20 00:00:00

President Iajuddin Ahmed has called upon all irrespective of caste or creed to work together to build a prosperous Bangladesh maintaining the tradition of unimpeachable communal harmony."Bangladesh is a bright example of communal harmony in the world. People from all...

HC grants bail to Moudud

2007-08-20 00:00:00

The High Court (HC), responding to a writ petition, granted Sunday bail to detained former law minister Moudud Ahmed in a liquor case under the Emergency Powers Rules, reports UNB.Passing the interim order, a Division Bench comprising Justice Shah Abu...

Voter listing starts in three more dists

2007-08-20 00:00:00

The Election Commission (EC) started Sunday taking photographs of voters in Rangpur, Comilla and Mymensingh to make a voters' list. Election Commissioner M Sakhawat Hossain inaugurated the programme at Mymen-singh's Muslim Girls' High School and College Centre, reports bdnews24.com. "Preparation...

SAFMA conference ends focusing on poverty issue

2007-08-20 00:00:00

COLOMBO, Aug 19 (UNB): The two-day conference of the South Asian Free Media Association (SAFMA) ended here Sunday with a resolution to bring into focus rampant poverty in the region and support pro-poor, poor-centred strategies of eradicating poverty at grassroots...

BCL men assault newsmen on DU campus

2007-08-20 00:00:00

DU CorrespondentA group of unruly activists of Bangladesh Chhatra League (BCL) assaulted journalists and looted their valuables on the Dhaka University campus Sunday.A case has been filed against five BCL leaders and activists with Shahbagh police station in this connection....

Extortion case filed against ex-BNP lawmaker, nine others

2007-08-20 00:00:00

sNATORE, Aug 19 (UNB): A case was filed against former BNP lawmaker Moza-mmel Haque and nine others on charge of extortion and looting bricks from a brick- field.Awami League leader Mosharraf Hossain of Khakradoho village in Gurudaspur Upazila filed the...

Monsoon depression crosses Sunderbans

2007-08-20 00:00:00

The monsoon depression moved slightly westwards and crossed the Sunderbans coast near Raimangal river (West Bengal-Bangladesh border) and now lies over Gangetic West Bengal and adjoining Bangladesh as a land depression at 6.00am Friday, reports UNB.It is likely to move...

BPC starts privatisation process of 11 tourist establishments

2007-08-20 00:00:00

BARISAL, August 19 (UNB): Bangladesh Parjatan Corporation (BPC) has started the process of privatisation of 11 tourist establishments for better management and for providing better service to the tourists.BPC sources said, the 11 tourist establishments proposed for leasing included Kuakata...

Fifteen killed in separate incidents

2007-08-20 00:00:00

Fifteen persons were killed and many others injured in separate incidents in different places of the country during the last two days, report agencies.In Chapainawabganj, a son and two daughters of Harilal of Sheikpura village under Parbotipur union of Gomostapur...