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AL leader Zafar Ullah, BNP leaders Zafrul Hasan, Dewan Salahuddin to be chargesheeted

2008-09-23 00:00:00

The Anti-corruption Commission (ACC) has decided to press charges against Awami League (AL) leader and former MP Kazi Zafar Ullah in two graft cases, reports UNB.The Commission will also charge-sheet Jatiyatabadi Sramik Dal general secretary Zafrul Hasan, former BNP MP...

HC to hear Hasina's bail prayer in extortion case Wednesday

2008-09-23 00:00:00

Hearing on the bail petition made in the High Court (HC) by former Prime Minister Sheikh Hasina in an extortion case filed by businessman Noor Ali will take place tomorrow (Wednesday), reports UNB.A vacation bench of the HC comprising Justice...

SC to hear constituency delimitation writ on Sept 29

2008-09-23 00:00:00

The hearing on a pending writ petition challenging the constitutional validity of the Election Commission's (EC) gazette notification finalising the re-demarcation of parliamentary constituencies ahead of the general election will be held on September 29, reports UNB.A vacation division bench...

President, CA greet Saudi King

2008-09-23 00:00:00

President Iajuddin Ahmed and Chief Adviser (CA) Fakhruddin Ahmed have greeted King of Saudi Arabia Abdullah Bin Abdul Aziz on the occasion of the national day of the country, reports UNB.The President, in a message to the Saudi King, expressed...

ACC files case against ex-BNP MP Khair Bhuiyan

2008-09-23 00:00:00

The Anti-corruption Commission (ACC) Monday filed a case against former BNP MP Abul Khair Bhuiyan for amassing illegal wealth and hiding information about it, reports UNB.ACC deputy director Golam Mostafa lodged the first information report (FIR) with Ramna police station...

DCC election next year

2008-09-23 00:00:00

Election to Dhaka City Corporation (DCC) will not be held this year, an election commissioner said Sunday, reports bdnews24.com."It will not be possible to hold the election this year," commissioner Sakhawat Hossain told journalists, ending all speculation about the city...

Sheikh Selim freed on bail

2008-09-23 00:00:00

Awami League (AL) presidium member and former minister Sheikh Fazlul Karim Selim was released on bail from the prison cell of Bangabandhu Sheikh Mujib Medical University Monday noon, reports UNB.Talking to journalists immediately after his release, Sheikh Selim demanded withdrawal...

JMB man jailed for 10 years in Aug 17 serial bombing case

2008-09-23 00:00:00

CHITTAGONG, Sept 22 (UNB): A Speedy Trial Tribunal Monday sentenced JMB divisional commander Javed Iqbal Mohammad to 10 years rigorous imprisonment (RI) for bombings at Agrabad and Kadamtali in the port city on August 17, 2005.He was also fined Tk...

Over 100 corrupt individuals heard so far by TAC

2008-09-23 00:00:00

The Truth and Accountability Commission (TAC) has so far heard the clemency pleas of more than a hundred corrupt individuals since September 1, reports UNB.According to TAC sources, the Commission Monday heard eight individuals seeking clemency in return for their...

DSE, NBR differ on pre-IPO placement

2008-09-23 00:00:00

FE ReportThe Dhaka Stock Exchange (DSE) Monday said that the stand of NBR on pre-IPO placement would discourage the mobile companies to go public.DSE leaders expressed their fear when Chairman of National Board of Revenue (NBR) Abdul Mazid visited the...

Market capitalisation of DSE rises to Tk 1.009t

2008-09-23 00:00:00

FE ReportFirst Security Bank Limited made a debut on the Dhaka Stock Exchange (DSE) Monday with a gain of 93.25 per cent and sent the DSE market capitalisation soaring past Tk 1.0 trillion-mark.The market capitalisation rose to Tk 1.009 trillion...

Finance ministry against creation of revolving fund

2008-09-23 00:00:00

Shakhawat Hossain The finance ministry said it does not favour creation of a revolving fund for speedy disposal of cash incentives to the country's export sectors as suggested by the Better Business Forum (BBF), officials said Monday.It is against the...

CA's welcome polls announcement

2008-09-22 00:00:00

The chief adviser to the caretaker government Dr. Fakhruddin Ahmed has finally come up with a firm date for the ninth parliamentary election to be held on December 18. The national election will be followed by the upazila elections on...

Business is business, not philanthropy

2008-09-22 00:00:00

Shamsul Huq Zahid The central bank has decided to make the farm credit disbursement mandatory for all banks, including local private commercial and foreign banks, within the current financial year with a view to achieving the much-sought-after food security of...

Promoting local dairy industry

2008-09-22 00:00:00

Md Emdadul HaqueTaka 10 billion worth of milk and milk powder have been imported annually on average in recent years whereas the expenditure on imports for them was about Taka 2.2 billion in 1996 indicating the fast climbing rate of...

No let up in mugging in city

2008-09-22 00:00:00

NO matter what the police have come up with so far, there has been no let up in the mugging incidents in the megalopolis that is Dhaka. Many police drives, the numerous check-posts in the city, assistant commissioners leading special...

Chinese milk

2008-09-22 00:00:00

AMONG many developments and events relating to the upcoming US election and the turmoil in the global financial markets, the news about thousands of infants across China falling sick following the in-take of toxic milk powder or their being fed...

The Great Depression of 2008? Not quite

2008-09-22 00:00:00

Nasdaq market, reports ReutersTHERE'S something about hundreds of billions of dollars vanishing overnight that begs a comparison to the 1929 market crash and the Great Depression. Almost-but not yet. The United States has seen the destruction of some of its...

Masters of the Universe get lesson in humility

2008-09-22 00:00:00

Reuters HAVE the Masters of the Universe lost their super powers? When novelist Tom Wolfe used the term to describe Wall Streeters with too much money and not enough humility, he was borrowing the name of a line of action...

US launches all-out attack on credit crisis

2008-09-22 00:00:00

ReutersTHE United States has surged into action to launch an all-out attack against the worst financial crisis since the Great Depression, readying a plan to tap hundreds of billions of dollars in taxpayer funds to buy up toxic mortgage-related debt....

Invest in disaster preparations to protect Asia's poor

2008-09-22 00:00:00

SINGAPORE, Sept 21 (AFP): Massive investments are needed to protect millions of poor people living in Asia-Pacific coastal areas who are vulnerable to increasingly deadly natural disasters, global charity World Vision said. The investments could run into "tens of billions...

PILIL holds annual dev confce of micro insurance divisions

2008-09-22 00:00:00

FE ReportPrime Islami Life Insurance Ltd (PILIL) held annual development conference of individual life and other micro insurance divisions and projects recently in Cox's Bazar. PILIL Managing Director Kazi Md Mortuza Ali presided over the conference. Company's Shariah Council Member...

Merkel accuses UK, US of blocking tighter financial controls

2008-09-22 00:00:00

BERLIN, Sept 21 (Xinhua): German Chancellor Angela Merkel accused yesterday the United States and Britain of blocking her government's previous efforts to tighten the controls of financial markets. According to German radio Deutsche Welle, Merkel made the remarks when speaking...

Germany expected to cut 2009 economic growth forecast

2008-09-22 00:00:00

BERLIN, Sept 21 (Internet): The German government Saturday downplayed as only "speculation" a report in a German weekly that Europe's biggest economy would slash its 2009 growth forecast to 0.5 per cent from the previous 1.2 per cent estimate."There is...

India moving fast to complete FTA talks with Japan, S Korea

2008-09-22 00:00:00

NEW DELHI, Sept 21 (PTI): After clinching a deal for free trade agreements (FTAs) with Association of Southeast Asian Nations (ASEAN), India will move fast to complete negotiations in the next few months for pacts with Japan and South Korea...

Silicon Valley unemployment reaches 4-yr high

2008-09-22 00:00:00

LOS ANGELES, Sept 21 (Xinhua): In another sign of a slowing economy, the unemployment rate in Silicon Valley inched upward for a fourth consecutive month in August to reach a four-year high, newly released data showed. Unemployment in Silicon Valley...

Trade deal with Colombia in US interest: Bush

2008-09-22 00:00:00

WASHINGTON, Sept 21 (AP): President Bush and Colombian President Alvaro Uribe renewed their push Saturday for Congress to approve a free-trade deal before lawmakers leave town to campaign for re-election."It's in our economic interest that we continue to open up...

Australia leads Asia's wheat bowl recovery

2008-09-22 00:00:00

SYDNEY, Sept 21 (AFP): Asia's wheat stockpiles are set to grow this year as major exporter Australia, along with China and India, forecast larger crops, raising the prospect of lower prices for the golden grain, analysts say. Official figures released...

Snail business thriving in greater Faridpur region

2008-09-22 00:00:00

A Correspondent MADARIPUR, Sept 21: The brisk business of snails is going on in greater Faridpur region.Mostly low-income people are engaged in catching of snails in Madaripur, Faridpur, Rajbari, Gopalgonj and Shariatpur districts to earn their livelihood. Snails breed naturally...

Russia to cut food imports by half

2008-09-22 00:00:00

MOSCOW, Sept 21 (AFP): Russia plans to slash food imports by half in up to three years, Russia's Agriculture Minister Alexei Gordeyev said yesterday the RIA Novosti news agency reported. "We face the task of bringing food imports down to...