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Import duty on newsprint reduced

2007-06-08 00:00:00

The government has finally proposed bringing down the import duty on newsprint from the existing 25 per cent to 15 per cent responding to a long-standing demand of the newspaper industry, reports bdnews24.com."I propose reduction of customs duty on the...

DSE indices fall due to profit-taking

2007-06-08 00:00:00

FE Report The indices on the Dhaka Stock Exchange (DSE) fell Thursday, the last trading session of the week mainly due to profit taking by the investors. The prices of shares on the DSE continued rally for a couple of...

Govt bans untaxed money use in buying home, land, car

2007-06-08 00:00:00

The government has moved to ban the use of black money for purchase or construction of buildings, lands and cars, in the budget for fiscal 2007-08.The use of untaxed or undisclosed money was allowed under sections 19B, 19BB and 19BBB...

HC rejects writ on transit, deep-sea port

2007-06-08 00:00:00

The High Court (HC) Thursday outright rejected a public interest litigation writ petition challenging the reported moves of the government to lease the proposed Chittagong deep-sea port to a US company, and transit facilities to India. The petition, filed by...

President to undergo cataract surgery today

2007-06-08 00:00:00

President Iajuddin Ahmed will undergo a cataract surgery at BIRDEM Hospital in the city today (Friday) morning. A Phaco Emulsification cataract surgery with IOL implantation on the right eye of the President would be performed at BIRDEM, said a Bangabhaban...

59,700 tonnes of rice allocated for destitutes

2007-06-08 00:00:00

The government has allocated 59,700 tonnes of rice for distribution among destitute people during the current month. The allocation was made for 5,970 families, which have been rehabilitated in 597 barracks under 68 housing projects, being jointly implemented by the...

Govt to go for open market operation to stabilise prices

2007-06-08 00:00:00

FE ReportFinance Adviser Mirza Azizul Islam said Thursday if necessary, the interim government would go for open market operation in order to keep the price of food grains within the tolerable limits.He said this while announcing the national budget for...

Several steps proposed to dev edn, health sectors

2007-06-08 00:00:00

FE ReportFinance Adviser Mirza AB Azizul Islam Thursday proposed a series of measures for the development of two basic sectors education and health.In his budget speech Azizul Islam said the government has taken up a new initiative for research and...

Six persons killed in separate incidents

2007-06-08 00:00:00

Six persons were killed and many others injured in separate incidents in different places of the country during the last two days, report agencies.In Mymensingh, two people were killed in a road accident at Bakshimul in Tarakanda thana Thursday.The victims...

$31m to help Bangladesh reduce maternal, neonatal deaths

2007-06-08 00:00:00

The health and well being of mothers and newborns is set to get a significant boost with UK Department for International Development (DFID) and the European Commission (EC) support worth $31.2 million, reports UNB. The funding will support Bangladesh Government's...

Teens for Planet Earth Training programme today

2007-06-08 00:00:00

Wildlife Trust of Bangladesh (WTB) will hold a daylong workshop titled 'Training Programme for Adult Advisers for Teens for Planet Earth in Bangladesh' at Cosmos Centre in the city today (Friday), reports UNB.Enayetullah Khan, Editor-in-Chief of United News Of Bangladesh...

DCs’ help in consolidating financial, administrative management sought

2007-06-08 00:00:00

The Deputy Commissioners (DCs) have been urged to extend all out cooperation to the government for consolidating financial and administrative management.President Iajuddin Ahmed made the request while addressing the Deputy Commissioners' Conference at the Bangabhaban Thursday, reports UNB. Cabinet Secretary,...

EC gives roadmap next month for 2008 polls: CEC

2007-06-08 00:00:00

Chief Election Commissioner (CEC) ATM Shamsul Huda has said that the Election Commission (EC) would give a roadmap in the middle of the next month with a clear idea about holding elections in 2008.He said this after holding a meeting...

Bhutan for joint venture on hydroelectricity

2007-06-08 00:00:00

Outgoing Bhutanese Ambassador in Bangladesh Dasho Jigme Tshultim has said there is opportunity for joint venture on hydroelectricity between Bangladesh and Bhutan, as his country is abundant in hydroelectric potential.The remark came when the ambassador made a farewell call on...

China moving too slowly in its currency, economic reforms: Paulson

2007-06-07 00:00:00

WASHINGTON, June 6 (AFP): China should step up market-opening and currency reforms to help avert a "protectionist tide" in the United States, US Treasury Secretary Henry Paulson said yesterday. Paulson, in a Washington speech, reiterated that Beijing is moving too...

WTO working to resolve wine row with US: India

2007-06-07 00:00:00

NEW DELHI, June 6 (PTI): India has informed the World Trade Organisation (WTO) that it is making efforts to resolve the disputes with the US over high rates of duties on wines and spirits. India's representative in Geneva, the WTO...

Western subsidies push us more into poverty: world's poorest

2007-06-07 00:00:00

SIKASSO, Mali, June 6 (AFP): African peasants at the forum held to counter the Group of Eight (G8) summit yesterday criticised the subsidies enjoyed by the rich nations' producers, which they said were squeezing them further into poverty. "I cannot...

CEOs see US economy growing at modest pace

2007-06-07 00:00:00

WASHINGTON, June 6 (AFP): Leading US chief executives see steady growth in the US economy though 2007 underpinned by strong consumer spending, a survey showed yesterday. The Business Roundtable's second quarter 2007 CEO Economic Outlook Survey shows that leaders are...

ECB issues reminder of hedge fund dangers

2007-06-07 00:00:00

CAPE TOWN, South Africa, June 6 (AFP): European Central Bank (ECB) President Jean-Claude Trichet again stressed the danger of hedge funds yesterday on the eve of a Group of Eight (G8) meeting where Germany is pushing for tighter controls on...

UAE-Japan trade volume reaches $37.64b in 2006

2007-06-07 00:00:00

ABU DHABI, June 6 (Xinhua): The volume of bilateral trade between the United Arab Emirates (UAE) and Japan reached 37.64 billion US dollars in 2006, representing a growth of 28.9 per cent over the previous year, Emirates News Agency reported...

Australian economy grows strongly in Q1

2007-06-07 00:00:00

SYDNEY, June 6 (AFP): Australia's economy expanded 1.6 per cent in the March quarter, posting its strongest growth in three years and sending the Australian dollar to a 17-year high, official data released today showed. The Australian Bureau of Statistics...

Chinese co helps Kuwait to build Boubyan Island into new city

2007-06-07 00:00:00

KUWAIT CITY, June 6 (CEIS): A Chinese national company signed here yesterday a deal with Kuwait to help building the kingdom's Boubyan Island into a new city. The deal for Boubyan port project was signed between the Kuwaiti ministry of...

Oil prices firmer ahead of US stockpiles report

2007-06-07 00:00:00

SINGAPORE, June 6 (AFP): Oil prices were firmer in Asian trade today ahead of the release of US stockpile figures, dealers said. New York's main contract, light sweet crude for July delivery, was 25 cents higher at 65.86 US dollars...

Euro inches up with all eyes on ECB

2007-06-07 00:00:00

TOKYO, June 6 (AFP): The euro inched up in Asian trade today as the market waited to see how high the European Central Bank might raise interest rates in the coming months to curb inflation, dealers said. The euro firmed...

Mining industry in Indonesia burdened by overlapping claims

2007-06-07 00:00:00

MANILA, June 6 (AFP): Indonesia's mining sector offers huge potential for growth but must first overcome challenges such as overlapping claims and uncertainty over a pending industry bill, a miners conference heard today. The conference was told that no new...

Airline sector pledges big emissions cuts

2007-06-07 00:00:00

VANCOUVER, June 6 (AFP): Leaders of the world's airline industry said at their annual meeting that airlines will strive to be more "green" and aim for zero carbon-dioxide emissions by 2050, but skeptics question whether the goal is realistic. "I...

Myanmar cooperates with Asian hydropower dev

2007-06-07 00:00:00

YANGON, June 6 (Xinhua): Myanmar is cooperating with four Asian neighboring countries of Thailand, China, South Korea and Bangladesh in hydropower development, initiating major hydropower projects in recent years. A giant Myanmar-Thai joint venture hydropower project, which is the 7,110-...

Foreign banks eye Pakistan market

2007-06-07 00:00:00

ISLAMABAD, June 6 (APP): The recent announcement from Pakistan's NIB Bank of its plans to acquire 70 per cent of Pakistan's PICIC bank in a $378 million deal is yet another event which will be well received in the markets,...

India's Tata Steel eyes acquisitions in SE Asia

2007-06-07 00:00:00

NEW DELHI, June 6 (AFP): Tata Steel, India's largest steelmaker, may expand by buying firms in Southeast Asia after two major deals already this year including a takeover of Anglo- Dutch firm Corus, a report said today. Managing Director B....

Austrian firms eye biodiesel businesses in Indonesia

2007-06-07 00:00:00

JAKARTA, June 6 (Xinhua): At least three Austrian companies are studying the possibility of becoming involved in the "green energy" business in Indonesia to help boost the development of biodiesel. "Energea, BioDiesel International and the Christof Group are discussing the...