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SEC fines 12 directors of One Bank

FE Report | 2008-08-26 00:00:00

The Securities and Exchange Commission (SEC) has slapped fine of Tk 1.2 million on 12 directors of One Bank Limited for failing to submit annual account reports within stipulated time-frame.The fined money will have to be deposited to the securities...

Hedging the second most important export sector

2008-08-26 00:00:00

THE export oriented frozen food sector, which include mainly the export of shrimp, has been emerging as the second most important item in the export trade of the country after readymade garments. Considering its potential as an export item of...

Energy ministry seeks $300m BB credit to foot oil import bills

Siddique Islam | 2008-08-26 00:00:00

The Energy Ministry has sought US$300 million fresh credit from the central bank through the three state-owned commercial banks to finance import of petroleum products by the Bangladesh Petroleum Corporation (BPC)."We have requested the Bangladesh Bank (BB) to provide the...

European shares down in muted trading

2008-08-26 00:00:00

PARIS, Aug 25 (AFP): European stock markets fell Monday in muted trading despite speculation over possible takeovers in the German banking and French energy sectors, with London closed for a public holiday.Frankfurt's DAX 30 was down 0.27 per cent to...

Clarke not concerned by English ball tampering

2008-08-26 00:00:00

BRISBANE, Aug 25 (AFP): Stand-in Australian captain Michael Clarke has played down the furore over former England opener Marcus Trescothick's revelation that he illegally used a breath mint to help his bowlers gain extra swing during the 2005 Ashes series.Clarke,...

Voters list finalised in Mymensingh

2008-08-26 00:00:00

MYMENSINGH, Aug 25 (BSS): Election Commission (EC) has finalised the voters list of the district recently.Official sources said a total of 29,15,009 voters have registered their names in the voters list with photographs.This year there were 4 lakh 6 thousand...

Betel-leaf farmers face loss of Tk 100m due to fungal infection

2008-08-26 00:00:00

JHALAKATI, Aug 25 (UNB): Farmers of the district may lose 50 per cent production of betel-leaf and incur a loss of Tk 100 million due to fungal infection this season.After cyclone Sidr hit the district on November 15, 2007, the...

2008-08-26 00:00:00

BNP secretary general Khondoker Delwar Hossain said Monday that the four-party alliance was not being allowed to hold political programmes while there was no problem for the Awami League (AL) to hold similar ones."They (AL leaders) are talking freely and...

Dilemmas of decentralisation

Ahmed Tareq Rashid | 2008-08-26 00:00:00

THERE has been a lot of debate about different forms of decentralization and their implications for developing countries. Particularly in unitary states, decentralization is considered as a key element of governance. The organs of unitary states are governed constitutionally as...

AL sees getting registered within EC's time impossible

2008-08-26 00:00:00

Awami League (AL) central leaders Monday said it would not be possible for the political parties to get registered within the Election Commission (EC) given timeframe that set an October 15 deadline, reports UNB."We will have to arrange party council...

Asian stocks close mostly up

2008-08-26 00:00:00

HONG KONG, Aug 25 (AFP): Asian shares closed mostly up Monday, led by a 3.5-per cent jump in the Hong Kong stock market, as a rally on Wall Street at the end of last week lifted spirits.Reports that China is...

198 Palestinian prisoners freed as Rice heads to Middle East

2008-08-26 00:00:00

RAMALLAH, Aug 25 (AFP): Israel freed 198 Palestinian prisoners Monday in a gesture to president Mahmud Abbas as US Secretary of State Condoleezza Rice was due in the region to spur US-backed peace talks.Many of the detainees fell to their...

WTO and after

Jahangir Bin Alam | 2008-08-26 00:00:00

THE World Trade Organization (WTO) came into being in Marakkesh on January 1, 1995 following the successful completion of eight years of prolonged negotiations from 1986 to 1994 as a sequel to the Uruguay Round (UR) of negotiations. The organization's...

Take steps to address challenges of global warming : President

DU Correspondent | 2008-08-26 00:00:00

President Iajuddin Ahmed Monday urged the world community to take urgent measures to address the challenges of global warming to make the planet a better place for living."Bangladesh may lose one-third of its landmass and the entire South Asian coastal...

Russian parliament backs independence for Georgia separatists

2008-08-26 00:00:00

MOSCOW, Aug 25 (AFP): Russian lawmakers voted Monday to recognise the independence of two breakaway Georgian regions as the European Union signalled its mounting opposition to Russia's actions by calling a special summit on the conflict.With Russian troops still inside...

Korea to invest $7.619m in Karnaphuli EPZ

FE Report | 2008-08-26 00:00:00

M/s. Dae Myung Shoes and Accessories Limited, a Korean company, will set up a shoe and shoe accessories manufacturing industry in the Karnaphuli Export Processing Zone.This foreign owned company will invest about Tk 520 million (52 crore) in setting up...

Cosmopolitan New York shares Beijing's Olympic glory

2008-08-26 00:00:00

NEW YORK, Aug. 25 (Xinhua): The extinguishing of the Olympic flame may have drawn the curtains on the 2008 Summer Olympics in Beijing, but the heat it generated is yet to die down.In New York, a cosmopolitan city that accommodates...

Narinda Progoti Boys thrash Menzis KC

2008-08-26 00:00:00

Narinda Progoti Boys Club thrashed Menzis KC by 41-18 goals in a match of the 14th Cute Premier Division Handball League at the Outer Stadium Handball ground in the city Monday, reports UNB.Narinda Progoti Boys Club dominated the first half...

Vietnam to have more cars

2008-08-26 00:00:00

HANOI, Aug. 25 (Xinhua): Vietnam, currently having 18 cars per 1,000 people, is estimated to have 38 by 2020 and over 50 by 2025, local newspaper Transport today quoted the Heavy Industry Department under the country's Ministry of Industry and...

New depreciation rates in the offing

FE Report | 2008-08-26 00:00:00

The National Board of Revenue (NBR) is set to fix 35 per cent and 40 per cent depreciation rates on import of 5-year and 6-year-old reconditioned vehicles.The NBR has sent a proposal to the finance adviser on Monday for his...

Bumper production of Aush paddy expected

2008-08-26 00:00:00

BARISAL, Aug 25 (UNB): Department of Agriculture Extension (DAE) is expecting a bumper production of Aush paddy in 10 upazilas of the district during the current season.Aush cultivation already started in the district last week with a target to produce...

World Bank Review Mission meet on PPRP-11 held

FE Report | 2008-08-26 00:00:00

A meeting with the World Bank Review Mission on the progress of Public Procurement Reform Project (PPRP)-11 was held at the conference room of the Implementation, Monitoring and Evaluation Division (IMED) under the Ministry of Planning in the city Monday.A...

Turkey eyes fertiliser business in Kenya

2008-08-26 00:00:00

NAIROBI, Aug. 25 (Xinhua): A Turkish manufacturing company is planning to visit Kenya to conduct a feasibility study on the viability of setting up a fertiliser manufacturing plant.Kenyan Vice President Kalonzo Musyoka made the remarks in a statement recently after...

CBC's Eid Promotion "Loan Sale"

FE Report | 2008-08-26 00:00:00

Commercial Bank of Ceylon (CBC) launched "Loan Sale", an Eid promotional personal loan product for the second consecutive time Monday.The attractive feature of this promotional loan is 2 per cent reduced rate than the interest rate of normal personal loan...

Pakistan without a khaki-clad president looks un-Pakistani

Masood Alam Khan | 2008-08-26 00:00:00

The process of our cognitive impression, a part of our genetic behaviour, is based on what we see, what we hear, what we smell, what we taste---and what we read in newspapers and what we view in audiovisual media like...

JCD activists go on rampage on campus

DU Correspondent | 2008-08-26 00:00:00

A shopkeeper succumbed to his burn injuries and several people were wounded Monday as Jatiyatabadi Chhatra Dal (JCD) activists went on rampage on the Dhaka University (DU) campus and its adjoining areas over news of injury of Tarique Rahman in...

Kiwis welcomes ICC postponement

2008-08-26 00:00:00

WELLINGTON, Aug 25 (AFP): New Zealand cricket officials Monday welcomed the decision to postpone the Champions Trophy cricket tournament in Pakistan, saying it was the right decision for security reasons.New Zealand Cricket chief executive Justin Vaughan said he was pleased...

Khaleda's bail petition in Boropukuria Coalmine graft case rejected

2008-08-26 00:00:00

Metropolitan Sessions Judge's court Monday rejected detained former Prime Minister Khaleda Zia's bail petition in Boropukuria Coalmine case, one of four graft cases she is facing after the January 11, 2007 changeover in the country's political arena, reports UNB.However, the...

India set to achieve $40b FDI in FY09

2008-08-26 00:00:00

NEW DELHI, Aug 25: (Internet): India is set to attract foreign direct investment (FDI) of USD 40 billion in fiscal 2008-09 with overseas investors betting big on the manufacturing sector in world's second fastest growing economy.The country received USD 20...

Whirlpool home appliances now at Singer Plus Shops

2008-08-26 00:00:00

The home appliances of Whirlpool like refrigerator, air conditioner, washing machine and microwave oven will be available at over 250 Singer plus Shops across the country from now on, said a press release.The customers at Singer Plus will also enjoy...