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Flood situation worsens, new areas likely to go under water

2008-09-03 00:00:00

Flood situation deteriorated in parts of the country Tuesday, as many rivers continued to swell further, reports UNB.brThe official Flood Forecasting and Warning Centre (FFWC) said more low-lying areas in the districts of Sirajganj, Tangail, Munshiganj, Manikganj, Faridpur, Madaripur, Shariatpur,...

Workers damage several garments units, vehicles

2008-09-03 00:00:00

FE Report brAngry garments workers damaged over a dozen garments factories and several motor vehicles at Naujor, Gazipur Tuesday following the rumour of death of their three colleagues. brThe angry workers of Diganta Sweater also clashed with workers of other...

Dhaka stocks mixed after gaining streak

2008-09-03 00:00:00

FE ReportbrDhaka stocks closed mixed Tuesday after eight straight sessions of gaining amid low turnover. brTrading on the Dhaka Stock Exchange (DSE) opened on a positive note, pushing the main index up by more than 24 points from the very...

Tarique's release held up

2008-09-03 00:00:00

Despite all indications from the prisons authority that Tarique Rahman was all set for release Tuesday, the last remaining document did not arrive in time for them to free him on bail, reports bdnews24.com. brTarique's wife Zobaida Rahman and other...

CA takes first iftar with orphans, ulema

2008-09-03 00:00:00

Chief Adviser (CA) Fakhruddin Ahmed took his Iftar of the first holy Ramadan with ulema and orphans Tuesday. The Chief Adviser hosted the iftar in honour of ulema (Islamic scholars) and orphans at the Prodhan Upodesta Bhaban (Chief Adviser Bhaban)...

Justice Fazlul Haque chargesheeted in graft case

2008-09-03 00:00:00

The Anti-Corruption Commission (ACC) Tuesday pressed charges against former law adviser Justice Fazlul Haque, now at the centre of a bribery scandal, in the case filed against him for amassing illegal wealth and hiding information about it. ACC assistant director...

Oil heads towards $100 a barrel

2008-09-03 00:00:00

LONDON, Sept 2(Agencies) Oil slid towards $100 a barrel on Tuesday, after early reports showed Hurricane Gustav had spared major US Gulf oil facilities. brUS crude fell to $107.17 a barrel by 507 a.m. EDT, down $8.29 from Friday's close....

Import of 0.15m tonnes of fuel oil from Maldives approved

2008-09-03 00:00:00

The Advisers' Committee on Public Purchase approved Tuesday import of 150,000 tonnes of petroleum fuels from a company of the Maldives at a cost of US$183.44 million, reports UNB. brOf the total imports, 90,000 tonnes are diesel, 30,000 tonnes jet...

Expatriates send all-time monthly high remittance in July

2008-09-03 00:00:00

FE ReportbrBangladeshis living abroad remitted record US$829 million in July, all time monthly high, as the amount surpassed the previous best of $808 million in March last, the central bank officials said Tuesday.brThe inflow of remittance marked 46.11 per cent...

Dhaka looks for global integration to expand trade

2008-09-03 00:00:00

FE ReportbrBangladesh looks for global integration right this moment as the country wants to expand its trade volume with dominating developed countries in the coming years, the commerce adviser said Tuesday.brOur purpose is to integrate globally as we need to...

Bangladesh clears $582m ACU payment

2008-09-03 00:00:00

FE ReportbrBangladesh made a routine payment of US$582 million Tuesday to the Asian Clearing Union (ACU) against imports for July-August period of the current year. brWe have remitted the fund to the ACU headquarters in Tehran in line with the...

BPO engaged to process passports permanently

2008-09-03 00:00:00

Mahmuda ShaolinbrThe government has permanently engaged the post offices to process passports after a pilot project proved to have eased hassles for thousands of overseas travellers and job seekers.brThe Bangladesh Post Office (BPO) Monday signed an agreement with the Department...

Road transport TU threatens strike

2008-09-03 00:00:00

Bangladesh Road Transport Workers Federation threatened to paralyze the country with programmes like strike, work-abstention and mass leave unless their 3-point demand is met, reports UNB. brThe BRTWF has already submitted a memorandum containing the 3-point demand to the Chief...

A female worker earns 21pc less than her male colleague in Bangladesh

2008-09-03 00:00:00

Belal HossainbrA female worker in a Bangladesh factory earns 21 per cent less than her male colleague, the International Labour Organisation (ILO) said in a study on gender discrimination in the country's workplaces.brThe study --- the first of its kind...

Govt sits with WB tomorrow to confirm funding

2008-09-03 00:00:00

FE ReportbrThe government will sit with the World Bank tomorrow (Thursday) to confirm funding for its newly shaped package programme for reconstructing the devastating cyclone-hit coastal districts in the southern Bangladesh, officials said Tuesday.brThe government will reconstruct the damaged agricultural...

Pran Group draws expansion plan as $15m IFC loan confirmed

2008-09-03 00:00:00

FE ReportbrCountry's leading agro-processing company, Pran Group, is planning to expand its plants and enhance capacity as the International Finance Corporation (IFC) has confirmed a loan worth US$ 15 million (1.5 crore) to the group.br'We'll go for a massive expansion...

Finance adviser leaves for Ghana

2008-09-02 00:00:00

Finance and Planning Adviser AB Mirza Md Azizul Islam left Dhaka for Akra, the capital of Ghana, Monday to attend a third high level forum meeting. Later, the finance adviser will also attend the Climate Change Conference in London where...

TAC starts hearing on four graft cases

2008-09-02 00:00:00

The Truth and Accountability Commission (TAC) Monday started hearing on four cases of corruption at its Hare Road office. Hearing of seven persons in four cases took place on Monday. Of the seven three are couples. Two couples were heard...

TCB starts selling some selective items today

2008-09-02 00:00:00

FE ReportbrThe state-run Trading Corporation of Bangladesh (TCB) launches the sale of some selective commodities including soybean oil, onion and sugar from today (Tuesday) in order to help the consumers of middle and lower middle income group purchase their requirements...

Freight forwarders finally issued provisional licences

2008-09-02 00:00:00

Syed Ishtiaque Reza brDhaka Customs House finally issued provisional licences to major multinational freight forwarding companies on Sunday.brThe licences were given following a meeting at the National Board of Revenue (NBR) between a group of representatives of Foreign Investors Chamber...

Export to Turkey to reach $1.0b soon

2008-09-02 00:00:00

FE Report brCommerce adviser Hossain Zillur said Monday the country's export to Turkey will reach US$1.0 billion in near future as Istanbul has shown keen interest to boost trade and commerce with Dhaka.brTurkey is highly interested to boost trade with...

Businesses hail decision to open up power sector for private investment

2008-09-02 00:00:00

FE ReportbrThe leading business leaders hailed the government decision to open up the country's power sector for private investments to expedite development of this ailing sector. brThey said extensive private sector involvement in electricity generation would ensure uninterrupted power supply...

2m people from Texas, Alabama flee Gulf Coast fearing Gustav

2008-09-02 00:00:00

From Fazle RashidbrNEW YORK, Sep 1 The Hurricane Gustav which is likely to hit American Gulf Coast sometime today has upset the plans of the Republican Party whose national convention was set to begin today. The party has been forced...

Reconditioned car importers urge govt to raise depreciation rates

2008-09-02 00:00:00

FE ReportbrReconditioned car importers have urged the government to raise the depreciation rates of the imported vehicles to check tax evasion and make car for the middle-class people affordable.brDepreciation rate for the four-year old reconditioned imported vehicles was 30 per...

Taskforce on jute sector submits report to CAO

2008-09-02 00:00:00

S M JahangirbrA jute sector taskforce has placed its report before the Chief Adviser's Office (CAO), making recommendations that includes diversification of product base, enhancement of policy support for infrastructure and related areas for the revival of the country's ailing...

Redesigned traffic net launched in city

2008-09-02 00:00:00

The caretaker government launched a redesigned traffic network in the capital by reducing the 138 crisscrossing city routes to 40 for running buses and minibuses under collective management, reports UNB. brDhaka Metropolitan Police (DMP) Commissioner and Chairman of the Metro...

HRC sets up office, yet to see appointees

2008-09-02 00:00:00

The government in a statement announced Monday the set up of the National Human Rights Commission with an office established in the capital's Hare Road, reports bdnews24.com.brMembers of the Commission have yet to be appointed though almost eight months have...

Public hearing on gas prices hike proposal deferred

2008-09-02 00:00:00

Naim-Ul-KarimbrThe Bangladesh Energy Regulatory Commission (BERC) has deferred the date of public hearing on the proposal of Petrobangla seeking permission to enhance prices of natural gas, a top official of the Commission said Monday.brHe said the Commission has set a...

Flooding not expected to assume dire proportions

2008-09-02 00:00:00

Floodwater that has risen in 16 out of 17 districts may climb slightly higher over the next couple of days, but the overall flood situation in the country is not expected to assume dire proportions, the Flood Forecasting and Warning...

Japan PM resigns

2008-09-02 00:00:00

TOKYO, SEP 1 (AP) Japan's unpopular prime minister, Yasuo Fukuda, announced his resignation Monday after less than a year in office. Fukuda, in a hastily arranged news conference Monday evening, said he was stepping down to avoid a political vacuum...