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Morgan anchors Ireland innings

2007-07-12 00:00:00

Eion Morgan anchored the innings with a determined half-century on a sluggish track at Stormont, as Ireland posted a competitive total of 210 for 8 against Netherlands in the second match of the Quad Series, reports Cricinfo.Morgan made 51 from...

Bangladesh, Sri Lanka U-19 second 3-day match today

2007-07-12 00:00:00

Bangladesh Under-19 team, now touring Sri Lanka, play their second three-day match against Sri Lanka Under-19 team, beginning in Colombo today (Thursday), reports UNB.

Breakdowns renew case against nuclear energy

2007-07-12 00:00:00

Julio Godoy A series of technical breakdowns in two of the oldest nuclear power stations in Germany has led to renewed demands to phase out nuclear energy.Between Jun. 28 and Jul. 7, the nuclear power stations at Kruemmel and Brunsbuettel,...

Old Islamists re-emerge as new 'Taliban'

2007-07-12 00:00:00

Dino Mahtani WHEN a small group of attackers emerged from their hideout in Nigeria's main northern city of Kano, they descended on a local police station wearing black bandanas, shooting nine policemen dead and setting fire to vehicles.As the mayhem...

US growth, easing inflation to follow Fed `script'

2007-07-12 00:00:00

Shobhana Chandra and Alex TanziThe U.S. economy will keep growing without prompting faster inflation, giving the Federal Reserve no reason to change interest rates into 2008, this month's Bloomberg News survey showed. Economic growth will settle into a 2.5 percent...

Emerging powers flex muscles to push for more influence on G8

2007-07-12 00:00:00

Hugh Williamson An initiative by the Group of Eight wealthy nations to build closer ties with emerging economies is running into trouble only weeks after it was launched, the Financial Times has learnt.Complaints by the emerging powers - China, India,...

Govt levies 10pc tax on interest income from savings instruments

2007-07-12 00:00:00

FE Report The government has levied 10 per cent tax, deductible at source, on annual interest income exceeding Tk 25,000 from saving instruments, official sources said. The tax measure came into effect from July 1, 2007, the National Board of...

Army chief spells out 7-point recommendation to fight graft

2007-07-12 00:00:00

Army Chief General Moeen U Ahmed Wednesday spelt out a 7-point recommendation that envisaged the appointment of a parliamentary ombudsman and pay-hike for police to fight out corruption in the country, report agencies.He also expressed the hope that the "interim...

Remittances rise on migrants' woes

2007-07-12 00:00:00

Shahiduzzaman KhanIn an effort to shedding new light on how migration could contribute to development, Bangladesh has highlighted the potentially huge benefits of temporary labour movement at an international forum in the Belgian capital of Brussels this week. The country...

Power entities asked to declare arrear bills beyond three years as bad debt

2007-07-12 00:00:00

FE ReportThe government has asked the state-owned power sector entities, including the Bangladesh Power Development Board (BPDB), to write off electricity bills that are outstanding for more than three years to streamline the current corporatisation process.However, the respective company boards...

Family commit mass suicide in Mymensingh

2007-07-12 00:00:00

MYMENSINGH, July 11 (UNB): All the nine members of a family committed suicide at a time jumping under a train in a macabre tragedy in Kashor Itkhola area of the district town Wednesday afternoon.Police said the members of the family...

Hasina, Khaleda do not need to be confined: Matin

2007-07-12 00:00:00

An influential Adviser said Wednesday Awami League president Sheikh Hasina and BNP chairperson Khaleda Zia do not need to be confined as they are not a threat to the country, reports UNB."I don't know weather the two leaders are kept...

Insurer will pay $22.18m to Biman for Dubai accident

2007-07-12 00:00:00

Shakhawat Hossain Biman Bangladesh Airlines will receive US$ 22.18 million in insurance claim for the aircraft damaged in an accident in Dubai airport last March, official source said.The Biman authorities decided to accept almost half of the insured value worth...

ADB suggests govt intervention to get DSE, CSE merged

2007-07-12 00:00:00

FE ReportA report of Asian Development Bank (ADB) said the Securities and Exchange Commission (SEC) and both the stock exchanges of Bangladesh should improve the share trading surveillance and monitoring system to ensure transparency and accountability as far as operation...

Govt plans to launch pre-paid gas meters

2007-07-12 00:00:00

The government is planning to launch pre-paid meters for gas, Energy Adviser Tapan Chowdhury said Wednesday. A project has been taken up for the purpose, the adviser said. Bangladesh University of Engineering and Technology (BUET) will design and supply the...

Immigration Act to be modified

2007-07-12 00:00:00

The government has decided to modify the Immigration Act 1982 to remove barriers to manpower export. Expatriate Welfare and Overseas Employment Ministry took the initiative after International Organisation of Immigration (IOM) has shown interest to cooperate with the government in...

Uttara building collapse kills 2

2007-07-12 00:00:00

An extended part of a three-storied building in the city's Uttara area collapsed Wednesday, killing two construction workers and injuring 11 others. Uttara police sources said, the two people were killed when the under-construction part of East West Medical College...

Hasina's daughter Putul gives birth to a son

2007-07-12 00:00:00

Awami League President Sheikh Hasina's daughter Saima Hossain Putul, who lives in the US, has been blessed with a son. Putul, wife of Khandakar Mashrur Hossain Mitu, gave birth to the baby boy Tuesday at 3:00 pm (US time). The...

BR's revenue earning declines sharply

2007-07-12 00:00:00

FE ReportThe ongoing reforms programme to make the state-run Bangladesh Railway (BR) a financially viable entity has failed to yield any tangible progress as its revenue income marked a sharp decline by over 63 per cent in the just-concluded fiscal...

NBR intensifying efforts to achieve revenue target

2007-07-12 00:00:00

Doulot Akter MalaThe National Board of Revenue (NBR) is intensifying its efforts to achieve revenue target set for fiscal 2007-08 against the backdrop of repeated failure to reach the goal.The NBR has been holding a series of meetings with the...

Impasse over 6th wage board will be resolved:

2007-07-12 00:00:00

FakhruddinChief Adviser Fakhruddin Ahmed said Wednesday the stalemate over announcing the 6th Wage Board award for the news industry will be resolved, reports UNB.Fakhruddin said this when a delegation of journalists' united forum met him and apprised about the state...

Small investors stand to lose as Saudi prince mum on Rupali takeover

2007-07-12 00:00:00

Refayet Ullah MirdhaSmall investors in the stock market are at risk of incurring huge losses due to the delay in signing of the final deal for handover of ownership of the largely state-owned Rupali Bank to Saudi prince Bandar Bin...

Countries unhappy at World Bank ratings

2007-07-12 00:00:00

Krishna Guha, FT Syndication Service WASHINGTON:Governance has improved significantly in Serbia, ­Algeria, Tajikistan and Rwanda since 1998, but Thailand and Argentina have fallen back on several key measures, according to a World Bank report published on Tuesday.The Governance Indicators report...

Project to re-draft some laws, by-laws for insurance sector initiated

2007-07-12 00:00:00

FE ReportA project for enhancing governance and capacity of the country's insurance sector through re-drafting of the laws and by-laws relating to the insurance companies has been initiated recently. Manila-based donor agency Asian Development Bank (ADB) is financing the project...

Cooking, cleaning costs to go up for consumers

2007-07-12 00:00:00

Sarwar ZahanCooking and cleaning are to become more expensive in coming days because of global shortages of raw materials for cooking oil, margarine and soap, importer and business sources said."Consumers are already burdened with escalating grocery bills, and might have...

Govt urged to reform FBCCI election procedures

2007-07-12 00:00:00

FE Report The FBCCI Reform Implementation Council (FBCCI-RIC) Wednesday said it wants direct elections for the posts of president, vice presidents and directors to bring transparency in the country's chamber body. The leaders of the FBCCI-RIC said this at a...

Dollar, call rate steady

2007-07-12 00:00:00

FE ReportThe US dollar was steady against the Bangladesh taka (BDT) Wednesday in the inter-bank foreign exchange market with stable demand for the greenback, fund managers said.Increased supply of dollar kept the greenback steady with slight upward bias.The exchange rate...

DSE stock prices continue to rally

2007-07-12 00:00:00

FE ReportStock prices of the Dhaka Stock Exchange (DSE) continued to rally for the second consecutive day amid a hefty turnover and market capitalisation Wednesday.Market operators said the stock market is gaining momentum because of investors' confidence and hopes of...

Hasina unilaterally cannot decide reforms: Hamid

2007-07-12 00:00:00

Senior Awami League (AL) leader Abdul Hamid said Wednesday party president Sheikh Hasina cannot take unilateral decision on reforms, report agencies. The former Jatiya Sangsad speaker told reporters at a briefing in his NAM flat that the council would finalise...

ACC boss says anti-graft net will zoom

2007-07-12 00:00:00

Anticorruption Commission chairman Hasan Mashhud Chowdhury has said the anti-graft net will widen far beyond politicians to capture all sorts of corrupt people.