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Dollar gains pared by weak employment report

2008-09-07 00:00:00

NEW YORK, Sept 6 (AFP) The dollar's rally was slowed yesterday by worse-than-expected US unemployment figures but held modest gains as worries about the eurozone economy dominated sentiment. brAt 2100 GMT, the euro was quoted at 1.4260 dollars compared to...

Banana cultivation turns their livelihood

2008-09-07 00:00:00

SM SohelbrJESSORE, Sept 6 Cultivation of banana has changed the lot of a good number of people of Chaugachha Upazila in the district.brThey are now earning handsome money by cultivating and selling different varieties of bananas. Banana farming has become...

Talks to salvage India's cheap-car plant enter second day

2008-09-07 00:00:00

KOLKATA, India, Sept 6 (AFP) Talks to end violent protests over a factory in eastern India designed to manufacture the world's cheapest car entered a second day today, with both sides expressing optimism. brThe Marxist government of West Bengal state...

Brazil predicts record production of sugarcane this year

2008-09-07 00:00:00

BRASILIA, Sept 6 (AFP) Brazil's government said yesterday it predicts a record production of sugarcane this year -- 559 million tons, an 11 per cent increase over last year's crop. brThe bulk of the harvest will go to supporting the...

Gazipur garment manufacturers threaten to shut down factories

2008-09-07 00:00:00

FE Report brOwners of more than one hundred garment manufacturers Saturday threatened to shut down their factories if the government fails to ensure security at the country's key industrial area Gazipur by September 25.brThe manufacturers made the threat in a...

Car sales see biggest boom in history as middle class goes shopping

2008-09-07 00:00:00

Mahmuda ShaolinbrCar sales have been witnessing the biggest boom in the country's history, boosted by a surge in bank finance and the buying spree by an emerging middle class, officials said Saturday.brThe Bangladesh Road Transport Authority (BRTA) said in the...

Economists see poor governance a major hurdle in South Asia

2008-09-07 00:00:00

FE ReportbrNoted economist Professor Wahiduddin Mahmud Saturday said the present caretaker government is the outcome of political conflicts and politics of patronage.brPower changed hands from one party to another at regular intervals in the past because the people denied them...

Flood situation worsens in some dists as rivers swell

2008-09-07 00:00:00

Flood situation deteriorated further in som e districts Saturday with the swelling of major rivers, as reports said low-lying areas of Dhaka and Rajshahi cities also got inundated, reports UNB.brFloodwater entered into localities through the unprotected eastern front of the...

Tobacco dropped from list of export items entitled to cash subsidy

2008-09-07 00:00:00

FE Report brThe government has announced a new list of 13 export items that would receive cash subsidy for the current fiscal. Tobacco has not been included in the list. brThe exporters will receive cash subsidy on the products against...

Export target may be set today

2008-09-07 00:00:00

Naim-Ul-KarimbrThe government sits today (Sunday) with the country's leading foreign exchange earners' associations including the apparel industry to set the export target for the on-going fiscal after holding discussions, the commerce ministry officials said Saturday.brThey said the meeting will discuss...

ADB is lead donor agency for Padma Bridge construction

2008-09-07 00:00:00

FE Report brThe Asian Development Bank (ADB) has been selected the lead donor agency for the construction of the Padma Multipurpose Bridge, ministry officials said Saturday.brThe Manila-based multilateral lending agency was selected last week at a meeting between finance and...

Khaleda asks lawyers to start legal Procedures

2008-09-07 00:00:00

Detained former premier Khaleda Zia asked her lawyers Saturday to start legal procedures to secure bail in GATCO and Niko graft cases, lawyers said, reports UNB.brAfter visiting Khaleda at the makeshift jail, her lawyer barrister Mahbub Uddin Khokon told the...

Businessman strangulated to death in city

2008-09-07 00:00:00

Unidentified miscreants strangulated a businessman to death in the city's Badda area Friday night. The victim was identified as Mohammad Janu Sheikh, an aluminium trader and resident of Baro Tekpara at Badda. The police recovered his body from a sand...

BNP yet to decide about dialogue with EC

2008-09-07 00:00:00

BNP has not yet decided to join the scheduled dialogue with the Election Commission today (Sunday) on electoral reforms. BNP Standing Committee member Chowdhury Tanvir Ahmed Siddique said Saturday evening a 5-member committee was formed to take the decision. The...

Contraband drugs worth Tk 12m seized at ZIA

2008-09-07 00:00:00

Customs officials at Zia International Airport (ZIA) seized contraband medicines worth about Tk 12 million (1.2 crore) early Saturday. — UNB

Contraband drugs worth Tk 12m seized at ZIA

2008-09-07 00:00:00

Customs officials at Zia International Airport (ZIA) seized contraband medicines worth about Tk 12 million (1.2 crore) early Saturday. — UNB

Changes in public pension, land registration rules in the offing

2008-09-07 00:00:00

FE ReportbrThe Regulatory Reforms Commission (RRC) has drafted recommendations for substantial changes in public pension rules and regulations to simplify the process, and the land registration system for quick settlement of land-related disputes. brAccording to the recommendations, public servants will...

GP floatation unlikely by year-end SEC

2008-09-07 00:00:00

The stock market debut of Grameenphone (GP) is unlikely this year, as the country's largest mobile phone operator did not send all required information to the capital market regulator, Securities and Exchange Commission (SEC) Chairman Faruq Ahmad Siddiqi said Saturday,...

Govt revives plan to divide Titas into three separate companies

2008-09-07 00:00:00

M Azizur RahmanbrThe government has revived plan to dismantle the state-run Titas into three separate companies to increase efficiency and dynamism in the country's gas marketing and distribution system, officials said Saturday.brThe dismantling plan of Titas is now awaiting approval...

Life insurers post 34pc premium growth in '07

2008-09-07 00:00:00

FE ReportbrThe country's life insurance companies posted an impressive 34 per cent growth in premium income in calendar 2007 over the previous year, sources said.brPremium income of 17 private life insurers and the state-run Jibon Bima Corporation (JBC) rose to...

BGSL staff realise Tk 3.96b in bribe since inception TIB

2008-09-07 00:00:00

Officials and employees of Bakhrabad Gas System Ltd (BGSL) have taken Tk 3.96 billion in bribe since its inception from its customers only for providing gas connections, according to a report released by Transparency Internatio-nal, Bangladesh (TIB) in Chittagong Saturday,...

CPA to slap penal rents on storage of imported cars

2008-09-07 00:00:00

Jasim Uddin Haroon brThe Chittagong Port Authority (CPA) is mulling over to slap penal rents higher by four times on the storage of imported cars as it has been struggling to accommodate new arrival at the car yards.brPort officials said...

Macro-economic unit to start functioning today

2008-09-07 00:00:00

FE Report brThe newly established macro-economic unit under the finance ministry will start functioning today (Sunday) to assist the central bank with suggestions and analysis on formulation of the country's monetary policy, officials said.brA meeting has been scheduled on the...

Iran says more oil price falls would harm producers

2008-09-07 00:00:00

TEHRAN, Sept 6 (Reuters) Iran's oil minister said a continued fall in crude prices would harm producers, the Oil Ministry website Shana reported on Saturday, three days before OPEC ministers are due to meet in Vienna. brGholamhossein Nozari also said...

Thrust on coordination, research for trade talks

2008-09-07 00:00:00

Improved coordination among ministries, as well as inputs from trade bodies, consumer groups and academics, are imperative for Bangladesh's trade negotiations in the global arena, said speakers at a seminar Saturday, reports bdnews24.com. brThe seminar on 'Negotiating Trade Agreements in...

Hold JS election before upazila polls, parties demand

2008-09-07 00:00:00

Political parties at the outset of the third-round dialogue with the Election Commission (EC) Saturday demanded that the stalled general election be held before upazila polls and asked for declaring a specific date for the parliamentary elections, reports UNB.brEven, the...

AL has no objection attending religious functions with Jamaat Ashraful

2008-09-07 00:00:00

Bangladesh Awami League (AL) had no objection to attending any religious functions with Jamaat-e-Islami, said AL acting general secretary Syed Ashraful Islam Saturday, a day after the two parties' leaders dined out at a function, reports UNB bdnews24.com.brWe have no...

Professionals reject RPO Ordn, term it undemocratic

2008-09-07 00:00:00

Peshajibi Samannay Parishad, a platform of professionals, Saturday rejected the Representation of People's Order Ordinance- 2008, describing it as unrealistic and undemocratic, reports UNB.brThe Parishad leaders said it is the people who will choose their representatives for Parliament and a...

Concern over release of graft suspects

2008-09-07 00:00:00

Democratic Left Alliance Friday expressed concern at the release of top corruption suspects from detention before the end of trial, reports bdnews24.com.brIt demanded publication of a 'white paper' on corruption and trial of the graft suspects.brThe concern was expressed at...

JAF protests AL's statement on BNP leaders' release

2008-09-07 00:00:00

Jatiyatabadi Ainjibi Forum (JAF), a pro-BNP lawyers' organisation, Saturday protested the remarks made by Awami League (AL) acting general secretary Syed Ashraful Islam on the release of BNP leaders, including its senior joint secretary general Tarique Rahman, reports UNB.brIn a...