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BPC's oil price adjustment formula under govt scrutiny

2008-09-26 00:00:00

M Azizur RahmanThe government is weighing a plan to introduce a permanent price adjustment formula to rationalise the domestic oil prices in line with the fluctuating international markets, official said. The state-owned Bangladesh Petroleum Corporation (BPC) has already drafted the...

US Congress pledges economic support to post-polls Bangladesh

2008-09-26 00:00:00

The US Congress Wednesday unanimously passed a resolution urging US President George W Bush to consider extending generous economic support to Bangladesh upon completion of an internationally accepted free and fair election before the end of December 2008, reports UNB.The...

Mind your own business, AL tells businesses, Barrister Huq

2008-09-26 00:00:00

The Awami League (AL) has asked the business leaders and a top lawyer to mind their own business and not meddle with politics, reports bdnews24.com. "We haven't yet received any message from the interim government about the proposed dialogue that...

Popular Life directors gobble up huge money from market

2008-09-26 00:00:00

Kayes M SohelFour directors, a shareholder and two insiders of Popular Life Insurance Company Limited, some of them family members, took hundreds of millions of taka from the market using sensitive information and creating an artificial crisis of shares, according...

Dhaka stocks extend gain

2008-09-26 00:00:00

FE ReportDhaka stocks extended the gain further in the sixth consecutive session Thursday with the turnover nearing Tk 5.0 billion (500 crore) mark.The Dhaka Stock Exchange (DSE) ended the day on an upbeat note, thanks to strong buying support from...

NBR yet to decide on tax benefit to GP

2008-09-26 00:00:00

FE ReportThe National Board of Revenue (NBR) is yet to take any firm decision regarding the tax benefit of the country's largest cell phone operator Grameenphone (GP) that intends to offload shares through initial public offerings (IPOs), said its chairman...

Obstacles to fair polls exist, says Delwar

2008-09-26 00:00:00

BNP Secretary General Khandker Delwar Hossain Thursday said a level playing field for participation of all political parties in the elections has yet to be created, reports bdnew24.com. Speaking to reporters after a meeting with the British Acting High Commissioner...

Massive education reforms in the offing

2008-09-26 00:00:00

Education ministry has planned massive education reforms at secondary and higher secondary levels through discussions at different stages. To discuss the matter elaborately, five sessions would be organised at inter-official daylong programme at NAEM on September 27. A workshop would...

Oil prices drop in global market

2008-09-26 00:00:00

NEW YORK, Sept 25: Crude oil prices dipped Wednesday after the US government reported a sharp drop in consumption, stoking worries about demand in the world's largest energy consumer. New York's main contract, light sweet crude for November delivery, fell...

Home textile exports may fetch $1.0b in next few years

2008-09-26 00:00:00

Naim-Ul-KarimExport of home textile products can fetch US$1.0 billion by the next few years as many of the country's regional rivals have shifted their focus on producing high-value textiles, industry insiders said on Thursday.They said exports of home textile items...

CA allays fears about holding JS polls

2008-09-26 00:00:00

From Fazle RashidNEW YORK, Sept 24: Dr. Fakhruddin Ahmed, Chief Adviser of the Caretaker Government, allayed general apprehension about the coming polls, reiterating in unequivocal terms that there should be no doubt in anybody's mind about the elections to the...

Applicants of DV lottery can check their entry status

2008-09-26 00:00:00

FE ReportAll applicants vying to win the US Diversity Visa (DV) lottery will be able to check their entry status electronically for the first time. In the past, only the successful entrants used to receive notifications by mail while the...

BB issues guidelines for eligibility of ECAIs

2008-09-26 00:00:00

Siddique Islam The central bank has issued guidelines for recognition of eligible external credit assessment institutions (ECAIs) to assess credit risks in line with the Basel-II framework. "We've taken the move aiming to improve the overall risks management efficiency of...

3-yr $360m IDB fund for country's power, energy, agriculture sectors

2008-09-26 00:00:00

FHM Humayan KabirJeddah-based donor Islamic Development Bank (IDB) has framed a three-year programme up to 2011 for Bangladesh targeting nearly US$360 million aid disbursement giving top priority to power, energy and agriculture sectors, officials said Thursday.An IDB mission from its...

BRAC developing short-matured rice seeds

2008-09-26 00:00:00

FE ReportBRAC, the largest non-governmental organisation (NGO), has started an agricultural research to develop a paddy that can be grown in a short period and in varied conditions, its top official said."We're mainly focusing on development of seeds that will...

It's up to them, says Annisul in reply to Ashraful's comment

2008-09-26 00:00:00

The country's apex trade body has said the businesses urged former prime ministers Sheikh Hasina and Khaleda Zia to sit together for the sake of business, reports bdnews24.com."I think he (Syed Ashraful Islam) is right. Businesspersons should do business and...

Pakistani troops, foreign copters trade fire

2008-09-26 00:00:00

ISLAMABAD, SEPT 25 (AP): Pakistan's army says its troops fired warning shots when two helicopters crossed the Afghan border and that the helicopters returned fire before re-crossing the frontier.The US-led coalition has confirmed that its helicopters were fired on Thursday,...

Dhaka calls upon C'wealth to ensure food security

2008-09-26 00:00:00

Foreign Adviser Iftekhar Ahmed Chowdhury called upon Commonwealth countries to focus on ensuring food security for its citizens, reports UNB .He said this while addressing the Special Commonwealth Heads of Government meeting (SCHOGM), held at the United Nations Headquarters Wednesday...

ACC to refer another 31 individuals to TAC for mercy

2008-09-26 00:00:00

Thirty-one more corrupt persons have applied to the Anti-corruption Commission (ACC) for referring their names to the Truth and Accountability Commission (TAC) for clemency in return for their ill-gotten money to avert getting caught on the dragnet under the anti-graft...

'Stronghold' poll centres face dissolution

2008-09-26 00:00:00

The Election Commission (EC) is readying over 40,000 polling centres countrywide, ahead of Jatiya Sangsad (JS) and Upazila polls in December, with some 4,000 'political stronghold' centres facing dissolution and replacement, say election officials, reports bdnews24.com.Of the total number, an...

TAC hears 10 clemency seekers

2008-09-26 00:00:00

The Truth and Accountability Commission (Tac) Thursday heard pleas of 10 corrupt individuals who have applied for clemency in return for their ill-gotten wealth, reports UNB.Tac sources said those heard Thursday were employees of Roads and Highways Department (RHD) and...

AL leader Kamruzzaman passes away

2008-09-26 00:00:00

Bangladesh Awami League (AL) advisory council member M Kamruzzaman passed away at the city's Central Hospital Thursday evening. He was 80, reports UNB.M Kamruzzaman, a great organiser of the 1971 liberation war, had long been suffering from old age complications,...

BSTI advises people to remain alert

2008-09-26 00:00:00

Bangladesh Standards and Testing Institution (BSTI) advised people Thursday to remain alert about consuming three China-produced powder milk - Iasli-1 and 2, and Baby Sweet - as these products had already been banned in China in the wake of melamine...

Boro paddy procurement drive fails in Faridpur

2008-09-26 00:00:00

Our CorrespondentFARIDPUR, Sept 25: The Boro paddy procurement drive has totally failed in Faridpur.Only one per cent of the target had been achieved till the closure of the 135-day long drive on August 31 last, sources said.Mr Abdur Razzak, district...

Keep banks open Saturday, Sunday, says NGWF

2008-09-26 00:00:00

FE ReportNational Garment Workers Federation (NGWF) has urged the authorities to keep the banks open on Saturday and Sunday to help the garments workers draw their salaries.In a statement Thursday, NGWF president Sahida Sarker and general secretary Amirul Haque Amin...

Brac chief receives Rockefeller award

2008-09-26 00:00:00

BRAC chairperson Fazle Hasan Abed has received David Rockefeller Bridging Leadership Award 2008 for his innovative activities to empower the poor and help them secure human rights, reports bdnews24.com.A statement from the world's largest NGO Thursday said David Rockefeller handed...

Mid-term review of country programme for children, women 2006 -10 held

2008-09-26 00:00:00

FE Report The government of Bangladesh and UNICEF Thursday held the Mid-Term Review of the Country Programme of Cooperation for Bangladeshi Children and Women covering five-year period from 2006 to 2010. The overall aim of the programme is the progressive...

Three most wanted criminals killed in encounters

2008-09-26 00:00:00

FARIDPUR, Sept 25 (UNB): Two "notorious terrors" condemned for the killing of a journalist and a student leader were killed in an encounter with tough-going RAB crime-combatants in the town early Thursday.The deceased were identified as Babu Kosai (40), and...

Foreigner dies at city hotel

2008-09-26 00:00:00

A foreign national, who recently took a room at a city hotel, died at the Dhaka Medical College Hospital (DMCH) Thursday, reports UNB.The deceased was identified as Khalicho (26), a Nigerian citizen.DMCH sources said Khalicho had rented room no. 207...

US embassy to be closed Sept 28

2008-09-26 00:00:00

The offices of the American embassy, including the Public Affairs Section, the Archer K Blood American Centre Library, and the Student Advising Centre will remain closed on September 28 on the occasion of holy Shab-e- Qadr, BSS reports.