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Court spurns defence plea against analogous trial duo cases

2008-10-15 00:00:00

The trial court again Tuesday ruled out defence plea against analogous trial of twin cases in connection with the 21st August grenade attack on Awami League rally and again deferred the indictment hearings to October 19, reports UNB.After hearing the...

10 ward commissioners jailed for corruption

2008-10-15 00:00:00

BRAHMANBARIA, Oct 14 (UNB): As many as ten ward commissioners of Kosba Municipality were sentenced to two years' imprisonment by a court here Tuesday for corruption in a case filed by the Anti-corruption Commission (ACC) under the countrywide purge.The convicted...

Obaidul Kader requests govt to release his bank accounts

2008-10-15 00:00:00

Bangladesh Awami League (AL) joint general secretary Obaidul Kader, now in New Delhi for treatment, requested the government to release his bank accounts which were seized after his arrest on corruption charges, reports UNB.Kader's lawyer Advocate AKM Aminuddin said his...

Govt extends parole of Koko by a month

2008-10-15 00:00:00

The government Tuesday extended the parole of Arafat Rahman Koko, younger son of BNP chairperson Khaleda Zia, by a month, reports UNB. According to the home ministry, the parole of Koko has been extended until November 16 on health ground...

Jubo League secretary Mirza Azam released

2008-10-15 00:00:00

Jubo League general secretary and former Awami League MP Mirza Azam was released on bail from Dhaka Central Jail Tuesday evening, reports UNB.His lawyer Motahar Hossain Saju told the news agency that his client was released from the jail at...

CCC mayor returns home

2008-10-15 00:00:00

CHITTAGONG, Oct 14 (UNB): Chittagong City Corporation (CCC) Mayor ABM Mohiuddin Chowdhury, recently freed from 19-month detention, returned to his residence in the port city Tuesday.Mohiuddin Chowdhury and his wife Hasina Mohiuddin arrived at Shah Amanat International Airport by a...

Beijing, Yangon back Dhaka's plea for Asian Highway route change

2008-10-15 00:00:00

Shakhawat Hossain Dhaka has taken an initiative to join the UNESCAP-sponsored Asian Highway through its proposed route after getting green signals from Beijing and Yangon, said a senior communication ministry official Tuesday."We have already sent proposal to Yangon after receiving...

Vodafone, Etisalat line up to buy stakes in Warid's local operations

2008-10-15 00:00:00

Naim-Ul-KarimTwo global cell phone giants have started negotiations with Warid Telecom to buy a 'majority' stake in its Bangladesh operations, company and telecom sector sources said Tuesday.Britain-based Vodafone and the United Arab Emirates (UAE)'s Eitisalat began the talks with Warid's...

Where rumours are money-spinners

2008-10-15 00:00:00

Shamsul Huq Zahid City's Motijheel is not the Wall Street, the global financial capital. Nor is the Dhaka Stock Exchange (DSE) located in New York or in any of the major global financial centres. Yet the DSE claimed to have...

There's nothing to worry about global turmoil, says BB

2008-10-15 00:00:00

FE Report The central bank has ruled out the possibility of any adverse impact of the ongoing global financial turmoil falling on the domestic financial sector saying that a series of precautionary measures have already been taken to protect the...

BNP, Jamaat demand lifting of emergency in talks with govt

2008-10-15 00:00:00

Both BNP and Jamaat placed their respective demands including lifting the state of emergency for creating a congenial atmosphere for the national elections in their separate dialogues with the government Tuesday, report UNB/bdnews24.com. BNP tabled their seven-point demand including lifting...

Dow Jones witnesses record one day surge

2008-10-15 00:00:00

From Fazle RashidNEW YORK, October 14: The news that the US federal government would pump-in $250 billion to shore up the capital base of the troubled banks had its immediate impact on the Wall Street as the Down Jones industrial...

AL submits registration form to EC today

2008-10-15 00:00:00

Awami League (AL) will submit its registration form to the Election Commission (EC) today (Wednesday) morning within the previously-set deadline after provisionally amending party constitution in preparation for the December elections, reports UNB.Party's Acting General Secretary Syed Ashraful Islam said...

UCB investors blame shareholders' greed for mkt manipulation

2008-10-15 00:00:00

FE ReportA section of aggrieved shareholders of the United Commercial Bank (UCB) Limited demanded quick settlement of cases related to pending annual general meetings (AGMs) of the bank as transaction of shares worth billions remained suspended for long.The demand was...

Dhaka stocks close higher

2008-10-15 00:00:00

FE ReportDhaka stocks closed broadly higher Tuesday, led by banking issues amid persistent buying spree by the investors, mostly retail ones. All the market barometers-- the benchmark DSE General Index (DGEN), All Shares Price Index (DSI) and DSE-20 comprising blue...

HC bench embarrassed to hear Khaleda's Barapukuria appeal

2008-10-15 00:00:00

The High Court (HC) Tuesday refused to hear an appeal by former Prime Minister Khaleda Zia to quash the Barapukuria coalmine corruption case, saying it did not have the jurisdiction. The HC bench of Justice Syed AB Mahmudul Haq and...

Bus catches fire in city

2008-10-15 00:00:00

A CNG-run passenger bus caught after its gas cylinder exploded in the city's Khamarbari area Tuesday afternoon, creating panic among its passengers. The police said the gas cylinder of the Motijheel-bound bus from Mirpur went off at Khamarbari crossing at...

Corrupt so far offer to pay about Tk 200m for clemency

2008-10-15 00:00:00

The corrupt individuals, heard so far by the Truth and Accountability Commission (TAC), have offered to pay a total of about Tk 200 million (20 crore) to the national exchequer in exchange for clemency. According to TAC sources, as of...

Biman faces setback in commercial expansion

2008-10-15 00:00:00

Biman Bangladesh Airlines, the national airliner, is experiencing a setback to expand its commercial activities in off-track areas, especially in hotel business, as it went for the re-tender to construct a 4-star hotel in the city, reports UNB.Biman's move to...

Production from Barapukuria coalmine doubles

2008-10-15 00:00:00

M Azizur RahmanCoal production from the country's lone coalmine at Barapukuria in northern Dinajpur doubled this year making way for installation of a new coal-fired power plant at the mine mouth, officials said.The Barapukuria Coal Mining Company Ltd (BCMCL) is...

Cabinet division finds irregularities in secys’ appointments

2008-10-15 00:00:00

Doulot Akter MalaThe cabinet division of the government has identified gross irregularities in appointment of government officials and secretaries as the concerned ministries have long been appointing them without obtaining any opinion of the establishment ministry.Cabinet Secretary Ali Imam Majumder...

BAPEX's procurement of rig gets conditional nod

2008-10-15 00:00:00

FHM Humayan KabirThe Planning Commission Tuesday conditionally endorsed a proposal for procurement of a drilling rig for the state-owned Bangladesh Petroleum Exploration and Production Company Ltd (BAPEX), officials said.The project evaluation committee (PEC) of the commission in a meeting in...

Apparel industry targets $25b export, 2m more jobs in 5 years

2008-10-15 00:00:00

Bangladesh apparel-industry leaders Tuesday unveiled an ambitious export target of $25 billion and additional 2.0 million jobs in next five years, keeping well in mind the impacts of possible long-term recession following the recent global financial flu, reports UNB."We have...

Forex reserve now $5.74b

2008-10-15 00:00:00

FE Report The country's foreign exchange reserve increased by US$139 million to US$ 5.724 billion Tuesday over the previous day as a result of gains from foreign exchange holdings abroad. The central bank received around $50 million as valuation gain...

12 Chinese cos enter deals to import $80m local goods

2008-10-15 00:00:00

FE Report Twelve Chinese companies signed Tuesday purchase deals worth over $80 million (8.0 crore) with thirteen local businesses.Under the purchase deals, the Chinese companies will import jute yarn, leather and seafood items from Bangladesh.The signing ceremony of the purchase...

Number of voters stands at 81.13m

2008-10-15 00:00:00

FE ReportThe total number of voters in the country stands at 81,130,973, according to the final voter list submitted Tuesday.The number was 92,441,868 in the 2006 voter list. Military Secretary of army headquarters Maj Gen Md Shafiqul Islam formally handed...

Q1 sales taxes from telecom sector drop significantly

2008-10-15 00:00:00

FE ReportThe government's collection of sales taxes from the telecom sector dropped significantly in the first quarter of the current fiscal reflecting a downward trend in growth of the sector.There are a total of six cell phone companies operating in...

GP's network expansion drive continues

2008-10-14 00:00:00

Naim-Ul-KarimThe country's largest cell phone operator Grameenphone has awarded Ericsson a contract worth about US$500 million to expand the capacity of the company's internet protocol core, officials said Monday.Under the contract, the Swedish telecommunications equipment maker will expand and deploy...

Stage set for BNP-govt dialogue

2008-10-14 00:00:00

The stage is all set for the long-awaited "dialogue" between the government and the BNP at 11am today (Tuesday) at the Chief Adviser's Office, reports bdnews24.com. "Secretary General Khandaker Delwar Hossain will lead the BNP delegation," BNP Joint Secretary General...

EC to get final voter lists today

2008-10-14 00:00:00

The national voter list and ID card project will hand over its final voter lists with photographs to the Election Commission (EC) today. Election commissioner Sohul Hussain said Monday: "As the voter lists have been finalised there is no impediment...