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Elections to 241 upazilas on Dec 24

2008-09-25 00:00:00

The Election Commission (EC) has planned to hold elections to 241 upazilas on December 24 in the first phase maintaining serial number from Tentulia Upazila under country's northern Panchgarh district, reports BSS.Polling in the rest upazilas will be held on...

Khaleda condoles Fashiuddin Mahtab's death

2008-09-25 00:00:00

BNP Chairperson and former Prime Minister Begum Khaleda Zia Wednesday expressed her deep shock and profound grief at the death of former Planning Minister Fashiuddin Mahtab, reports BSS. In a condolence message, Khaleda Zia said, Fashiuddin had worked his whole...

EC receives first consignment of transparent ballot boxes

2008-09-25 00:00:00

The Election Commission (EC) Wednesday received the first consignment of transparent ballot boxes and soon started sending those to some district election offices in Dhaka division, as polls now appear on the horizon after lots of political hiccups, reports UNB.Around...

Iftekhar asks for C’wealth poll observers

2008-09-25 00:00:00

NEW YORK, Sept 24 (UNB): Foreign Adviser Iftekhar Ahmed Chowdhury yesterday held a meeting with the Commonwealth Secretary General Kamalesh Sharma on the sidelines of the UN General Assembly Session in New York.The Foreign Adviser briefed him on the latest...

Noor Ali extortion case, HC order on Sept 29 on Hasina's bail

2008-09-25 00:00:00

The High Court (HC) Wednesday fixed September 29 for order as to whether or not to grant bail to ex-Prime Minister Sheikh Hasina in an extortion case, filed by Noor Ali, as the government opposed her prayer during the hearings,...

FDI inflow down in 2007

2008-09-25 00:00:00

FE ReportThe inflow of foreign direct investment (FDI) to Bangladesh fell by 16 per cent in 2007 over that of the previous year, despite a significant rise in both global and regional inflows, the World Investment Report (WIR) 2008 revealed.According...

Mismatch between car imports, road capacity

2008-09-25 00:00:00

Shahiduzzaman KhanEveryday, 50 used or new cars are hitting the city roads on an average. The Chittagong Port has been flooded with a large number of cars. Another consignment of 5000 new and reconditioned cars are coming from Japan. The...

Three IT firms win WiMAX licences at a cost of Tk 6.35b

2008-09-25 00:00:00

FE ReportThree companies, Bangla Lion Communications, Brac Bdmail Network Ltd and Aguri Wireless Broadband Bangladesh Ltd, have won the licences to operate WiMAX or Broadband Wireless Access in Bangladesh at a total cost of Tk. 6.35 billion.The companies were awarded...

CA suggests BB to prepare proper liquidity management plan

2008-09-25 00:00:00

Shakhawat Hossain Chief Adviser Fakhruddin Ahmed has asked the Bangladesh Bank (BB) to prepare a 'strong plan' for an efficient liquidity management against the backdrop of higher growth in net domestic asset (NDA) and net foreign asset (NFA), finance ministry...

Dhaka stocks continue to rally

2008-09-25 00:00:00

FE ReportDhaka stocks continued to rally Wednesday for the fifth consecutive session, led by leasing issues with an increase in the turnover.The market opened on a positive note and pushed the main index up by over 36 points in the...

GP again extends time for pre-IPO bid

2008-09-25 00:00:00

FE ReportThe Grameenphone (GP) has extended time for the pre-IPO (initial public offering) bid to facilitate participation of institutional investors, says a GP press release Thursday.But the press release did not mention any deadline for participation by the investors. Earlier,...

Coca-Cola walks out on Tabani deal, govt mulls legal action

2008-09-25 00:00:00

Mushir Ahmed The government is considering litigation against global soft-drink giant Coca-Cola after it scrapped a four-decade long deal with the state-owned bottler Tabani beverage, an official said Wednesday.Masud Ahmed, director general of government's Freedom Fighters Welfare Trust, which owns...

Tata Motors begins exit from West Bengal

2008-09-25 00:00:00

MUMBAI, Sep 24 (Reuters): Tata Motors, India's top vehicle maker, has started moving equipment from its factory in West Bengal, the Times of India newspaper said on Wednesday, as the company scrambles to launch the ultra-cheap Nano car as planned....

9-day holiday in bourses from tomorrow

2008-09-25 00:00:00

Trading of country's two stock exchanges will remain suspended from tomorrow (Friday) for a nine-day period in observance of Sheb-e-Qadr and Eid-ul-Fitr. "Today (Thursday) is the last trading day ahead of Eid as the Dhaka Stock Exchange (DSE) board has...

Banks to keep branches open Sunday

2008-09-25 00:00:00

Bangladesh Bank has ordered private banks to open some of their branches in Dhaka and Chittagong half day Sunday, although the day falls on a public holiday, following appeals of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and Bangladesh Knitwear...

Banks asked to submit reports within 15 days of next month

2008-09-25 00:00:00

FE Report The central bank has asked the commercial banks to submit reports on profit repatriation by the foreign airlines, shipping lines and courier services within 15th of next month. "We have taken the decision aiming to strengthen our monitoring...

BPO to shut down 120 post offices due to lack of business, manpower

2008-09-25 00:00:00

Mahmuda ShaolinAuthorities have planned to shut down 120 post offices including 20 in the capital Dhaka and port city of Chittagong, this month due to lack of business growth and manpower shortage, an official has said. Bangladesh Post Office (BPO)...

Petrobangla's gas price hike proposal opposed

2008-09-25 00:00:00

FE ReportThe energy sector stakeholders including trade bodies, consumers' associations and members of the civil society in a public hearing Wednesday opposed Petrobangla's proposal of raising the gas price by 65 per cent on an average for all categories of...

AL, allies, their likes agree to revive grand alliance

2008-09-25 00:00:00

The Awami League-led 14-party alliance, Jatiya Party, Liberal Democratic Party, Bikalpa Dhara Bangladesh and several Islamic parties Wednesday promised to revive their grand alliance to defeat the BNP-Jamaat coalition in the upcoming elections, reports UNB.Top leaders of the parties, who...

Eid shopping gains momentum

2008-09-25 00:00:00

FE Report Eid shoppers in large numbers are turning out in the markets with the big festival only a week away.Shop keepers in all areas of the city have show-cased their special products since the start of Ramadan to see...

Tenure of TAC extended by a month

2008-09-25 00:00:00

FE ReportThe tenure of the Truth and Accountability Commission (TAC) has been extended by one more month until October 30 as the response from businessmen and bigwigs has been unexpectedly low since its inception.A total of 252 applications have been...

Forex reserve now $5.84b

2008-09-25 00:00:00

FE Report The country's foreign exchange reserve stood at US5.84 billion Wednesday marginally up from $5.74 million of the previous day following increased inflow of foreign currency in the market, officials said. The flow of foreign exchange recorded a rise...

95pc RMG units pay timely: BGMEA

2008-09-25 00:00:00

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has claimed that the vast majority of ready-made garment (RMG) units pay their workers timely, reports bdnews24.com. "I would like to assure you that almost 95 per cent of RMG factories pay their...

Life after Doha: Why FTAs are good

2008-09-25 00:00:00

Jorge HeineThe collapse of the Doha Round, the first post World War II multilateral trade round has brought to the fore the issues that need to be moved forward for trade liberalisation. This has coincided with the publication of an...

Do they care about the nation's expectations?

2008-09-25 00:00:00

Mohammad A SattarTHE question that disturbs many now is whether Bangladesh would revert to the past politics of irresponsible utterances and erratic conduct of leaders. Many of them tend to forget that it is the responsibility of the politicians to...

Policies on merchant power plants, renewable energy

2008-09-24 00:00:00

There has been no dearth of government initiatives in recent years to beef up generation of power to meet the rising demand for the same. But for reasons best known to the authorities concerned, most plans and programmes for setting...

Support for religious extremism eroding

2008-09-24 00:00:00

Fazle Rashid from New YorkMORE women are getting involved in politics worldwide than in the past decade, revealed a UN study. Women parliament members worldwide account for 18.4 per cent. The survey was conducted by the UN Development Fund for...

The changing concept of security

2008-09-24 00:00:00

Syed Ashraful HasanThe traditional concept of security has undergone a sea change. Previously, a state's security was identified mainly with military security. Developments at the international, regional and local levels over the last three decades or so, proved this to...

Is the poultry sector heading for the abyss?

2008-09-24 00:00:00

Whether we realise it or not, the poultry sector of the country is facing disaster. Reports of the grim situation have been highlighted by the media. About 220 billion takas had been invested in the sector. Currently, that investment has...

Contaminated milk

2008-09-24 00:00:00

Bangladesh is one of the countries which import powdered milk from China. In China, milk added with melamine, used in plastics, has been blamed for causing severe renal problems and kidney stones among children. It caused death to a number...