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McCain attacks, but Obama stays steady

2008-10-18 00:00:00

Patrick HealySenator John McCain was in a groove early in the presidential debate on Wednesday night, looking Senator Barack Obama in the eye and chiding him over taxes, over his backbone in standing up to Democrats and over the Obama...

China, Pakistan and financial crisis

2008-10-18 00:00:00

If your country is desperate to stave off economic collapse, there is probably no better place to visit, and no better friend to have, than China right now. With $2 trillion in foreign exchange reserves, China is sheltered from the...

Consumers forced to wallow in a sea of adulterated foods, medicines and what not

2008-10-18 00:00:00

Enayet RasulMelamine, a chemical for different industrial application, can be deadly for human bodies should the same enter human bodies through any means. But countrymen awoke on Wednesday morning to read banner headlines in daily newspapers that the Bangladesh Standards...

Janata Bank looks to shed 4,333 jobs in four years

2008-10-17 00:00:00

Shakhawat Hossain Janata Bank Limited (JBL) looks to shed 4,333 jobs over a period of four years under the proposed voluntary retirement scheme (VRS), which was placed to the Finance Ministry for its approval Thursday. The second largest state-owned commercial...

Consumers' credit, card use rise significantly

2008-10-17 00:00:00

Siddique Islam The central bank will ask the commercial banks to discourage flow of fresh credit into unproductive sectors aiming to achieve maximum economic growth and curb inflation.The instruction will be given during a bankers' meeting scheduled for Sunday at...

European leaders for creation of a Britton Woods II

2008-10-17 00:00:00

From Fazle RashidNEW YORK, October 16: Record gains of over 900 points made by the Dow Jones on Monday, which many took as a signal of the beginning of the recovery, suffered anguish, dismay and frustration as losses on Tuesday...

Govt cautions people on use of eight tainted milk brands

2008-10-17 00:00:00

The government has advised the people to refrain from using eight particular brands of powder milk, which in laboratory tests proved to have been containing the chemical melamine, reports UNB.Tests conducted at the Dhaka University Laboratory confirmed presence of melamine...

Political stability, good governance to facilitate business, investment: IMF

2008-10-17 00:00:00

FE ReportGiving importance to a 'return to political stability' and continued improvements in the quality of governance, the International Monetary Fund (IMF) cast its hope that a clearer political environment would arise in Bangladesh after the December 2008 elections, facilitating...

Windfall profit for Summit Alliance stock holders on debut trading

2008-10-17 00:00:00

FE ReportDhaka stocks inched down Thursday for the second straight sessions on price correction amid higher turnover.All the market barometers -- the benchmark DSE (Dhaka Stock Exchange) General Index (DGEN), All Shares Price Index (DSI) and DSE-20 comprising blue chips...

Oil falls to $72 on recession fears

2008-10-17 00:00:00

SINGAPORE/TOKYO, Oct 16 (Reuters): Oil fell for a third day on Thursday, plumbing a 13- month low near $72 as commodity investors again rushed for the exit on fears of a collapse in demand growth, with the world economy tilting...

HC stays Barapukuria case

2008-10-17 00:00:00

The High Court (HC) stayed the proceedings of the Barapukuria graft case, just hours after former Prime Minister Khaleda Zia among other accused made their first appearance in trial court to face charges in the case Thursday, reports bdnews24.com. The...

Clarification

2008-10-17 00:00:00

Grameenphone (GP) in a clarification Thursday said the news item published in the Financial Express October 14, 2008 under the headline "GP's network expansion drive continues" contained inaccurate information about the value of contract it signed with Ericsson for network...

BO account regularisation allowed until Dec 31

2008-10-17 00:00:00

The Securities and Exchange Commission (SEC) has extended the deadline for regularising the BO accounts to December 31 this year. BO account holders will have to submit either bank certificate or photocopy of National Identification Card (signed by investor himself)...

Burglary at two city business houses

2008-10-17 00:00:00

Suspected burglars broke into two business houses in the city's Fakirapool area at Motijheel Wednesday night and stole about Tk 1.95 million (19.50 lakh) in cash, police said, quoting the victims. They said the burglars entered the closed offices of...

Bijoy Shoroni road opens on Dec 16

2008-10-17 00:00:00

The Bijoy Shoroni road in the city would be opened to traffic on December 16 after removing the Rangs Bhaban, said Housing and Public Works Adviser Major General (retd) Golam Quader. The Adviser disclosed this while addressing a meeting on...

Grain prices slide back, but uncertainties loom

2008-10-17 00:00:00

NEW YORK, Oct 16 (AP): World grain prices have been tumbling back down the steep slope they climbed early this year, but from Manila's food stalls to London's supermarkets, everyday consumers aren't seeing it yet. The experts worry, meanwhile, that...

CA, EC talk polls preparations

2008-10-17 00:00:00

Chief Adviser Fakhruddin Ahmed had talks with Chief Election Commissioner (CEC) ATM Shamsul Huda and two other election commissioners on preparations for elections Thursday, reports bdnews24.com. After the meeting at the Chief Adviser's Office, Election Commissioner M Sakhawat Hussain said...

NBR to consider monthly VAT payment system for physicians

2008-10-17 00:00:00

FE ReportThe National Board of Revenue (NBR) will consider introduction of a specific amount of Value Added Tax (VAT) for physicians to reduce the hassle in payment of tax collected from the fees paid by patients. The existing rate of...

AL's registration depends on EC's technical body's vetting report: Sohul

2008-10-17 00:00:00

After getting the vetting report from its technical committee, the Election Commission (EC) would take decision about the Awami League's (AL's) application for registration which could not fulfil all criteria set by the EC, one commissioner said Thursday, reports UNB.A...

UK minister sees no bar to Khaleda, Hasina running for polls

2008-10-17 00:00:00

A British minister says both the former prime ministers, now charged with corruption, can contest polls, due on Dec 18, because there is no legal barrier, reports bdnews24.com. "Neither of the two ladies (Khaleda Zia and Sheikh Hasina) have been...

Govt food stock highest in 8 yrs

2008-10-17 00:00:00

Government stocks of food grains now stand at about 1.3 million (13 lakh) tonnes, the highest in eight years, report UNB/bdnews24.com.. Chief adviser Fakhruddin Ahmed said this while addressing the inauguration of a two-day agriculture fair to mark the World...

BB asks ICB Islamic Bank to recover loans from top 20 defaulters

2008-10-17 00:00:00

FE Report The Bangladesh Bank (BB) has asked the ICB Islamic Bank Limited to intensify drive to recover non-performing loans, particularly from its top 20 defaulters. The instruction came at a review meeting with management of the bank at the...

PDB sued over fine slapping

2008-10-17 00:00:00

FE Report A rental power company has sought legal protection against payment of fine slapped by state-owned Bangladesh Power Development Board (BPDB) for delay in installation of power units, officials said.The High Court (HC) has asked the BPDB to show...

WB reasserts its fund commitment for Bangladesh

2008-10-17 00:00:00

AT a time when the world is going through its worst financial crisis in a century affecting mostly the developed world, fear and uncertainty about the future has gripped the rest of the world including the developed and the least...

Coping with the fallout from the financial crisis

2008-10-17 00:00:00

Enayet RasulA lot has been written to the effect that the Bangladesh economy would not be immediately facing catastrophe from the global financial turmoil and would even manage to weather the longer term threat to it from the same. This...

Capacity building in education sector

2008-10-17 00:00:00

Md AlimullahEDUCATION Week is observed every year in the country. But the observance cannot hide the state of education in the country which leaves a lot to be desired. All the governments have been highlighting that a major portion of...

Accessing CPPs for ready power

2008-10-17 00:00:00

Of the many suggestions put forward in order to address the prevailing state of power crunch, one was about buying power from neighbouring countries. But it hit a snag when it could be known that they may not have surplus...

Saving Buriganga from land-grabbers

2008-10-17 00:00:00

THE Buriganga at present is in a threatened state of existence. The threat that it faces is from encroachment by land-grabbers. Its natural flow has been obstructed because its bed has risen due to earth-filling and setting up of all...

Perspective of bank 'rents' in three different phases in Bangladesh

2008-10-17 00:00:00

Mohammad Habibur RahmanBANGLADESH shares a common past with India and Pakistan in respect of development of banking business. Bangladesh Bank Order, 1972 was promulgated to create the country's central bank -- Bangladesh Bank -- to take over the assets, liabilities...

A tool to ensure natural justice

2008-10-17 00:00:00

Mohammad Murshedul Huda SharifiWHEN the question of dismissing an employee (for any misconduct), arises in an Industrial Establishment, it warrants conducting of a Domestic Inquiry. Domestic Inquiry is expedient for the employer who wants to be fair, but firm in...