Delhi hosts BIMSTEC summit in Nov

The long-deferred second summit of the economic bloc of seven South and Southeast Asian countries has been scheduled to be held in the second week of November in New Delhi, an official in Dhaka said Monday.The Bay of Bengal Initiative...

Pakistani ruling lawmakers call on Musharraf to resign

ISLAMABAD, Aug 10 (AFP): Lawmakers in Pakistan's ruling coalition Sunday urged President Pervez Musharraf to resign, saying he would not be able to fight the charges being lodged against him in an impeachment motion.They made the demand as a government...

Strategic plan to make N-region economically solvent stressed

RAJSHAHI, Aug 10 (BSS): Speakers at a discussion underscored the need for long, medium and short term strategies to make the northern region economically solvent.In this context, they urged the government to take up steps for proper planning, particularly on...

Japan's company failures set new record

JAPANESE corporate bankruptcies in July surged 24 per cent year-on-year to a record for a year of 1,131, a sign that the slowdown in economic activity and rising energy and materials costs are fast taking their toll upon businesses, a...

Dhaka will continue to pursue bilateral trade talks: Adviser

Bangladesh would renew its efforts to pursue bilateral trade within and beyond the region after the recent multilateral trade talks on Doha Round under WTO ended inconclusively, reports UNB."We cannot continue waiting for conclusion of the Doha Round," Commerce Adviser...

Iran ready to 'confront' new sanctions

TEHRAN, Aug 10 (AP): Iran's official news agency is quoting a government spokesman as saying the country is "ready to confront sanctions" over its disputed nuclear program.The EU Friday tightened trade restrictions on Iran, and the West has threatened a...

Is central bank's autonomy under threat?

If the media reports on the functions of the newly created macroeconomic policy unit under the ministry of finance are true, the top brass of the country's central bank should have ample reasons to feel frustrated.The unit that has been,...

Provati Ins approves 10pc dividend

Provati Insurance Company Limited (PICL) has approved 10 per cent dividend for its shareholders for the year 2007.The approval was given at the 12th annual general meeting (AGM) of the company at Hotel Lords Inn in Chittagong recently.Chairman of the...

Preparation of maritime boundary model submission paper in progress

A technical team has been assigned the task to prepare the draft model submission paper for collation and interpretation of data gathered from the Bay of Bengal through seismic and bathymetric surveys.Official sources of the Ministry of Foreign Affairs (MoFA)...

Belgium beat nine-man China

SHENYANG, Aug 10 :: Nine-man host China were beaten 2-0 by Belgium in front of densely packed home fans in a Olympic soccer match here Sunday.Belgium opened the scoring at the 8th minute, when forward Moussa Dembele broke away Chinese...

Manjurul Ahsan, Selim reelected CPB president, gen secy

The Communist Party of Bangladesh (CPB) has reelected Manjurul Ahsan Khan and Mujahidul Islam Selim president and general secretary, respectively reports bdnews24.com.The new central committee was formed at the end of the party's three-day 9th Congress.The concluding session Saturday announced...

Georgia withdraws as Russia builds firepower

TBILISI, Aug 10 (AFP): Georgia withdrew from the separatist region of South Ossetia Sunday after new clashes with Russian forces as Moscow amassed its military firepower to overwhelm its neighbour."We have left practically all of South Ossetia as an expression...

August 15 reinstated as Nat'l Mourning Day

The Council of Advisers of the caretaker government Sunday decided that the government would execute the High Court verdict on the 15th August, the day when Bangabandhu Sheikh Mujibur Rahman was assassinated way back in 1975, reports UNB.In its recent...

Russian emerge 3rd in gymnastics qualification

BEIJING, Aug. 10 (Xinhua): Russian gymnastics squad ranks third after three rotations of the Olympic women's qualification Sunday, pushing Romanians down to fourth place.With an overall stable performance, Russians collected a total of 244.400 points, 5.975 points ahead of Romania,...

Regulatory Reform Core Group to be launched today

The International Finance Corporation Bangladesh Investment Climate Fund (IFC BICF) will launch today (Monday) its Regulatory Reform Core Group at an event entitled 'Stimulating Private Sector Development Reforms for Economic Empowerment of Bangladesh.'Syed Manzur Elahi, former adviser to the caretaker...

corporatewatch

The authorities of DSE and CSE have advised all investors to make their investment decision based on company fundamentals, price level and disclosed information, avoiding rumour-based speculations.Record date for MFs postponedICB: The Investment Corporation of Bangladesh (ICB) has postponed the...

Khaleda's unconditional release soon: Quader

BNP Chairperson and ex-Prime Minister Khaleda Zia will be released soon without any pre-condition, Communications Adviser Maj Gen (retd) Ghulam Quader said Sunday, report UNB and bdnews24.com.The Adviser however could not say whether she would be released this week. "It's...

Asian currencies lower against dollar

HONG KONG, Aug 10 (AFP): Asian currencies ended the week lower against the dollar as the greenback gained support from cooling oil prices which dealers said may relieve pressure on the struggling US economy.Japanese Yen: The yen slipped against the...

Humanities group disappearing from many schools

IT was one of the happiest days in Mahin's life. The result of his Master's degree examination was published and he did well. Delighted, Mahin's parents thought their hard time was over as their son obtained the highest degree and...

Harmison double puts England in control

England's quest to hand Kevin Pietersen his first win as England captain moved several steps closer on the fourth day at The Oval. Steve Harmison bowled a terrific, fiery spell of eight overs, removing South Africa's two key batsmen, Hashim...

Denmark for earliest lifting of emergency, general elections later this year

Danish Ambassador to Bangladesh Einar H Jensen Sunday said his country liked to see lifting of the state of emergency as soon as possible and holding a free and fair general elections later this year, reports UNB."We like to see...

No impact of price fall of edible oil in local market

CHITTAGONG, Aug 10: Despite showing declining trend in price of edible oil in the international markets, it has not made any positive impact in the local market.On the other hand, price of edible oil is on the rise in both...

Fund constraint responsible for poor infrastructure

Finance and planning adviser Dr. AB Mirza Azizul Islam Thursday said fund constraint of the government was primarily responsible for the country's poor infrastructure and urged the private sector to make investments under public-private partnership (PPP)."As developing infrastructure requires huge...

Decision on merger of two NBR cadres stirs up resentment

Customs officials of the revenue board recently expressed their strong resentment over the government's move to form a 'BCS revenue administration cadre' through merger of 'income tax' and 'customs and excise' cadres.Finance Adviser Mirza Azizul Islam earlier approved the proposal...

Creating jobs for swelling ranks of the unemployed

Attaining a comfortable rate of economic growth and creation of jobs for the unemployed and the underemployed constitute the primary objectives of any well-meaning government. But for generating more employment opportunities, the country must also create the condition for an...

CPD undertakes research plan in different areas

The Centre for Policy Dialogue (CPD) will undertake research work in a number of areas including food security and energy, problems of migrant workers and monetary policy.The decision was taken in the 30th meeting of the CPD Board of Trustees...

Rain delays tennis events

BEIJING, Aug 10 (Xinhua): Beijing had moderate to heavy rain Sunday morning and afternoon, which cooled the city down to about 26 degrees Celsius, but the Olympic tennis competition was delayed in the afternoon for about an hour because of...

Aug 4 polls under emergency of better standard than past elections: FEMA

The Fair Election Monitoring Alliance (FEMA) Sunday described the August 4 local body polls held under the state of emergency as of better standard than any other elections in the past, reports UNB."The state of emergency has enhanced the ordinary...

NCC Bank officers asked to attain banking knowledge

Officers of NCC Bank Limited have been advised to acquaint themselves with banking knowledge to take over leadership of the bank in future.Chairman of the bank Tofazzal Hossain gave the directive while speaking as the chief guest at the opening...

Japan looking at lucrative nuke business in India

NEW DELHI, Aug 10 (PTI): Even though it says it is yet to firm up its position with regard to NSG waiver for India, Japan is eyeing the business potential in the lucrative nuclear energy sector in this country if...