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Giant wombat bone found in Australia

2007-07-28 00:00:00

SYDNEY, July 27 (AFP): Scientists in Australia announced Friday they had found the jawbone of a giant wombat the size of a large car that lived 20,000-40,000 years ago. The jawbone of the ancient marsupial, part of the "mega- fauna"...

news digest

2007-07-28 00:00:00

JK Rowling turns the page on Harry Potter WASHINGTON, July 27: British author J.K. Rowling, who a week ago published the final Harry Potter book, said in an interview out Thursday that she is already back at work. The British...

Essentials' prices rise as continual rains disrupt supply

2007-07-28 00:00:00

FE ReportThe inclement monsoon weather conditions pushed up prices of some essential commodities despite government's drive against price hike in the city markets over the last week.Traders said during the last week prices of edible oil, vegetables, green chilli and...

Prime Bank holds 26th meeting of Shariah Council

2007-07-28 00:00:00

FE ReportPrime Bank Ltd held the 26th meeting of its Shariah Council at the bank's head office in the city recently. Prime Bank Shariah Council Chairman and Khatib of Baitul Mukarram National Mosque Moulana Ubaidul Haq presided over the meeting.Vice...

Geeti Ara for more research on garment sector

2007-07-28 00:00:00

Adviser for Industries, Textiles and Jute, Social Welfare, and Women and Children Geeti Ara Safiya Chowdhury Friday urged the persons concerned to contain standard and diversity of Bangladeshi textiles and garment products for strong existence in the global markets, reports...

Phoenix Finance provides Tk 100m for BRAC's micro-finance programmes

2007-07-28 00:00:00

FE ReportPhoenix Finance and Investments Limited (PFIL) has provided financial support of Tk 100 million (10 crore) to BRAC for supporting and strengthening its micro-finance programmes. In this regard a fund disbursement ceremony was held in the city Tuesday, where...

Call rate remains steady

2007-07-28 00:00:00

Sarwar ZahanThe inter-bank call money rate was steady last week repeating the previous week's trend despite withdrawal of large amounts of cash through auctions of reverse repurchase agreement (repo), treasury bills, Bangladesh Bank (BB) bills and Bangladesh Government treasury (BGT)...

weekly currency roundup

2007-07-28 00:00:00

Commercial Bank of CeylonJuly 22 to July 26, 2007The USD/BDT market was further down last week due to higher inward remittances compared to the LC settlement volume. Higher inward remittances allowed the banks to sell more USD in the inter-bank...

Freight forwarders reject draft policy amendments

2007-07-28 00:00:00

Doulot Akter MalaA government move to bring the freight forwarding business under a licensing system has gone haywire following opposition to the changes made in the draft policy in contradiction to the one agreed by all stakeholders.The government in an...

More rivers overflow to worsen flood

2007-07-28 00:00:00

The overall flood situation in the country may deteriorate further in the 24 hours until 6:00 am Saturday, according to a bulletin of the Flood Forecasting and Warning Centre (FFWC) Friday, report agencies.The FFWC bulletin said the water levels of...

Army ready to face flood situation

2007-07-28 00:00:00

Army is ready to face any situation arising out of the current flood in cooperation with the civil administration, a senior military official said in the city Friday, reports UNB.Briefing reporters at the army headquarters monitoring cell, Firoz Rahim, GSO...

Dhaka, Yangon sign deal on road link

2007-07-28 00:00:00

FE Report Bangladesh and Myanmar signed an agreement Friday to build a cross-border friendship road that will subsequently link Bangladesh with the Chinese spring city Kunming as well as Thailand, Malaysia and Singapore by land route. Communications adviser Major General...

Reformist Bhuiyan, loyalist Hannan Shah cross swords over council session

2007-07-28 00:00:00

BNP secretary general Abdul Mannan Bhuiyan Friday said they would announce the date for the party's planned council with the permission of chairperson Khaleda Zia, reports UNB.But BNP Chairperson Khaleda Zia's adviser ASM Hannan Shah has called upon the party...

Hasina skeptic about getting justice

2007-07-28 00:00:00

Detained Awami League (AL) chief Sheikh Hasina Friday expressed deep concern that she would be denied justice and said if she gets justice, she will be proved innocent, reports UNB."The cases against me were politically motivated and baseless…I think I...

NBR simplifies income tax return forms

2007-07-28 00:00:00

S M JahangirThe National Board of Revenue (NBR) has simplified its income tax return forms to make the tax payment easier and compliance-friendly for the taxpayers.The purpose of simplifying the return forms is to lure more people in the tax...

BB shelves debt-equity guideline

2007-07-28 00:00:00

The Bangladesh Bank has set back rolling out a debt-equity guideline after stiff opposition from entrepreneurs, reports bdnews24.com. The guideline was framed to encourage companies to raise funds in part from the capital market instead of seeking bank loans for...

Jamaat demands action against 'false propaganda'

2007-07-28 00:00:00

Jamaat-e-Islami has demanded of the government to take stern action against false propaganda alongside carrying out its anti-corruption drive, reports UNB."Jamaat was never involved with politics of arms and terrorism, and also not so at present. It believes in constitutional,...

Islamic hardliners retake Pak Red Mosque

2007-07-28 00:00:00

ISLAMABAD, July 27 (Agencies): A suicide bomber blew himself up among a group of policemen during clashes at the Red Mosque in Pakistan's capital, killing at least ten people and wounding many more, officials said. The blast came as hundreds...

Biman on new course

2007-07-27 00:00:00

The state-owned Biman Bangladesh Airlines, which operated since its inception as a corporation under the government, officially started the other day its journey as a public limited company (PLC), registered under the Companies Act 1994. The change of its status,...

Early preparation to face flood

2007-07-27 00:00:00

Syed Ishtiaque RezaHEAVY rains across Bangladesh over the last couple of weeks have left the administration counting the cost in lives and destruction of property. Torrential rains pounded the country, causing floods and mudslides that have left scores of people...

The hidden beauty of numbers

2007-07-27 00:00:00

Simon BriscoeHANS Rosling wants to help people make sense of the world by "unveiling the beauty of statistics". One of a few bright lights in the world of number crunchers, the professor of health at Sweden's Karolinska Institute thinks figures...

Adulterated fuel oils and economic losses

2007-07-27 00:00:00

Shamim AhmedCONSUMERS complain often about the lack of purity of the diesel, octane, petrol and kerosene which they consume. Owners of motorised vehicles often have to send their transports to repairing garages where engine dysfunctions are explained as owing to...

My common sense

2007-07-27 00:00:00

AN economist of the standing of a full professor of economics of Dhaka University, who illuminated a state-owned specialised bank as its chairman, was heard spelling out a wonderful formula on a local TV channel about how to resolve the...

Costlier ata

2007-07-27 00:00:00

COARSE flour or ata, as we all call it, is now being sold at Tk 29 per kg as if it has registered a new height of its dignity. The girl at our residence bought two packets of the Pusti...

Stepping towards Good Governance

2007-07-27 00:00:00

Khan Ferdousour Rahman FOR establishing good governance, transparency, accountability, efficiency and rule of law are the prerequisites, which have for long been far from practice in Bangladesh. Here several issues are constraining the very process of good governance and working...

Why inflationary situation remains worrying

2007-07-27 00:00:00

Anas IbrahimTHE approaches to inflation differ widely between developing and developed countries. According to Friedman's quantity theory of money, there is a general agreement that growth in the quantity of money is the primary determinant of the inflation rate (Mankiew,...

US pays the price of Pakistan's help

2007-07-27 00:00:00

Edward Luce US intelligence agencies warned America recently that it had moved back into a "heightened threat environment", to a large extent because al-Qaeda had found a safe haven in Pakistan with which to rebuild its leadership. Yet there are...

Need for improving governance of PLCs

2007-07-27 00:00:00

Mahbubur RahmanSHINEPUKUR Holdings Limited, a public limited company, raised share capital more than a decade back by selling one share at Taka 110 but this share is hardly worth Tk 20 in the share market. Shinepukur did not pay any...

Oil prices continue higher in Asian trade

2007-07-27 00:00:00

SINGAPORE, July 26 (AFP): Oil prices continued higher in Asian trade today, extending overnight gains despite US data showing refineries boosted output and an increase in key seasonal gasoline (petrol) stocks, dealers said. New York's main oil futures contract, light...

Nepali govt commits to commercial agriculture

2007-07-27 00:00:00

KATHMANDU, July 26 (Xinhua): The Ministry of Agriculture and Co- operatives (MoAC) has unveiled a policy focusing on commercialization of the agricultural sector for the fiscal year 2007/08 in Nepal, The Kathmandu Post reported today. Under the fiscal policy, starting...