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National Polymer recommends | 2008-08-08 00:00:00

18pc cash dividendThe board of directors of National Polymer has recommended 18 per cent cash dividend for the year that ended on June 30, '08. The annual general meeting (AGM) of the company will be held at the National Shooting...

Bail to politicians charged with corruption

2008-08-07 00:00:00

The Supreme Court Bar Association (SCBA) Wednesday accused the administration of caretaker government of dictating to the magistracy and thereby flouting the High Court (HC) orders granting bail to politicians facing corruption charges, reports UNB.At an unplanned press conference, SCBA...

Dhaka stocks rally for 2nd session in a row

FE Report | 2008-08-07 00:00:00

Dhaka stocks rallied for the second session in a row Wednesday led by insurance, leasing and IT issues with decline in the turnover.Meanwhile, shares trading of all mutual funds, that remained suspended for two days following media reports on the...

Disaster victims to get $7.9m Japanese food aid

FE Report | 2008-08-07 00:00:00

The United Nations World Food Programme (WFP) Wednesday received a US$ 7.9 million contribution from the government of Japan to provide food assistance to Bangladesh's ultra-poor living in areas prone to floods, river erosion, coastal cyclones and tidal surges.WFP will...

StanChart pre-tax profits rise 31pc

FE Report | 2008-08-07 00:00:00

Standard Chartered PLC Wednesday delivered another record performance for the first half year ended 30 June 2008 with operating profit before tax (OPBT) rising 31 per cent to US$2.59 billion and operating income increasing 33 per cent to US$6.99 billion.Normalised...

Sydney launches biggest tax review in 50 years

2008-08-07 00:00:00

SYDNEY, Aug 6 (AFP): Australia has launched the most comprehensive review of its tax laws in more than 50 years as it bids to make them simpler and more globally competitive, Treasurer Wayne Swan said today.The government was serious about...

Harder penalties for adulteration

2008-08-07 00:00:00

Mobile courts are not liked by the offenders. But to them the penalties are no more than small pinches. As the penalties do not hurt them they continue with the wrong practices to sell substandard or adulterated food and other...

BoE could spring surprise interest rate hike

2008-08-07 00:00:00

LONDON, Aug 6 (AFP): The Bank of England (BoE) could shock markets with an interest rate hike Thursday to keep inflation in check, despite expectations for no change because of slower economic growth, analysts said.Most economists think the British central...

BNP out to jeopardise JS poll environ: Ashraful

2008-08-07 00:00:00

Awami League's acting general secretary Syed Ashraful Islam Wednesday alleged that BNP is trying to jeopardise the environment of parliamentary polls by stigmatising the local-body elections as an 'election of entente', reports UNB."BNP has also participated in the City Corporation...

0.2m tonnes of wheat to be imported in two months

FE Report | 2008-08-07 00:00:00

The government has taken a major move to build a buffer stock of foodgrains in the current fiscal as it is set to import 0.2 million tonnes of wheat within the next two months, an official said."While 0.1 million tonnes...

Republicans strive to turn oil into electoral gold

2008-08-07 00:00:00

WASHINGTON, Aug 6 (AFP): The Republicans are in the mire over the economy but by staging an election-year clamor for offshore oil drilling, John McCain's party is taking the fight to a suddenly defensive Barack Obama.White House hopeful McCain and...

Facilitating the private sector

2008-08-07 00:00:00

The private sector in the country has emerged as the main driver of economic growth in the country following the gradual unbundling of the state operated sectors, privatization and greater stimulus given to private entrepreneurs from the mid-seventies. Thus, the...

Seminar on 'Effective Business Negotiation Skills' held at DU

DU Correspondent | 2008-08-07 00:00:00

A seminar on 'Effective Business Negotiation Skills' was held at the conference hall of Business Studies Faculty of the Dhaka University (DU) Tuesday.DU Marketing Department, Marketers' Association of Bangladesh (MAB) and London Metropolitan University, the UK, jointly organised the seminar...

Amal, Ranjan move to men's singles final

2008-08-07 00:00:00

Amal Roy and Ranjan Ram of NTC moved to the men's singles final of the Dhaka Open Tennis Competition winning their respective semis at the National Tennis Complex in the city, reports UNB.In the semifinals, Amal Roy of NTC beat...

Warid, BRAC Bank sign SMS banking deal

FE Report | 2008-08-07 00:00:00

Warid Telecom Wednesday signed an agreement with BRAC Bank to introduce SMS banking service for its subscribers.Following the signing of the agreement, Warid subscribers, who maintain accounts with BRAC Bank, will be able to get basic banking information on their...

Mamun, Nasim get 4-month bail

2008-08-07 00:00:00

The High Court (HC) Wednesday granted a four-month bail to controversial businessman Giasuddin Al Mamun in four separate extortion cases, reports bdnews24.com.The HC bench of justices Sharifuddin Chaklader and Md Imdadul Haque Azad also put freezes on proceedings of the...

Vote for Paris! Hilton 'enters' election race with spoof ad

2008-08-07 00:00:00

LOS ANGELES, August 6 (AFP): Paris Hilton has thrown her hat into the US presidential race, declaring her desire to campaign against "that wrinkly white-haired guy" and vowing to paint the White House pink if elected.The blond socialite responded to...

India-Oman trade to cross $2b this year

2008-08-07 00:00:00

DUBAI, Aug 6 (PTI): Non-oil trade between India and Oman is expected to cross USD 2 billion this year, according to Indian Ambassador to Oman Anil Wadhwa.Addressing the third meeting of the recently launched India-Oman Business Forum (IOBF), he said...

Bush chides China, NKorea on human rights records

2008-08-07 00:00:00

SEOUL, August 6 (AFP): US President George W. Bush chided China and North Korea Wednesday on their human rights records but defended his decision to attend this week's Beijing Olympics opening ceremony.The US leader, in a strong message to North...

Central bank to share ideas with finance ministry wing

Shakhawat Hossain | 2008-08-07 00:00:00

The newly launched macro-policy unit under the finance ministry will coordinate with the central bank the adoption and updating of the country's monetary policy.This has been defined in the working schedules of the 'Real and Monetary Sector' wing under the...

BKSP reach semis of Pioneer Football League

2008-08-07 00:00:00

BKSP moved to the semifinal of the Pioneer Football League as Group D champions beating Nawabpur KC by 2-0 goals in the day's lone 2nd phase match at the Bir Shrestho Sepoy Mohammad Mostafa Kamal Stadium in the city Wednesday,...

Parul Begum wishes to perform bigger things

FE Report | 2008-08-07 00:00:00

Chand Sultana Literacy Prize-2007 recipient Parul Begum, a teacher of 'Parul Apar Free Pathshala' of Taragonj under Rangpur district said, "I'm just endeavouring to make children of remote villages school-going. Pray for me so that I can further carry forward...

Majority of old Dhaka, Gulshan businesses are without TINs

Doulot Akter Mala | 2008-08-07 00:00:00

At least 100,562 businesses and professionals received new taxpayers identification number (TIN) during the ongoing drive across the country by the National Board of Revenue (NBR), officials said.They constitute 64.67 per cent of the 155,500 businesses and professionals surveyed across...

New version of Bangladeshdir.com website launched

2008-08-07 00:00:00

The new version of Bangladeshdir.com website launched with more improved structure and new features. Following months of redevelopment and testing, BangladeshDir Networks announced the launch of its new enhanced website, says a press release.Bangladeshdir.com News is a content aggregation tool,...

Govt allows import of up to six-yr-old reconditioned cars

2008-08-07 00:00:00

Up to six-year-old reconditioned cars, instead of four-year-old, can now be imported from abroad as the Commerce Ministry has issued an amended order regarding this and other imports, reports UNB.An announcement Wednesday said the government on specific conditions has revised...

Remittance, exports likely to offset taka depreciation

2008-08-07 00:00:00

The taka is unlikely to depreciate against the US dollar in the near future, thanks to strong performance by wage earners' remittance and exports that would offset the import-driven demand for the greenback, reports UNB."The exports recovered to a large...

HC orders disclosure from reporter in contempt case

2008-08-07 00:00:00

The High Court (HC) Tuesday ordered the disclosure of the source of a report published in the Bangla-language weekly 'Shirshokagoj', headlined "One judge whitens black money," reports bdnews24.com.An HC bench of justice ABM Khairul Haque and justice Md Abu Tariq...

Hannan Shah admitted to hospital

2008-08-07 00:00:00

BNP chairperson's adviser Brig Gen (retd) Hannan Shah was admitted to Bangabandhu Sheikh Mujib Medical University (BSMMU) Hospital with heart ailment Wednesday, reports UNB.His personal staff Yunus Babul told the news agency that Hannan Shah was admitted to BSMMU at...

Japan marks anniversary of Hiroshima atomic bomb

2008-08-07 00:00:00

TOKYO, August 6 (Reuters): Tens of thousands bowed their heads at a ceremony in the Japanese city of Hiroshima Wednesday, the 63rd anniversary of the world's first atomic attack, as the city's mayor hit out at countries that refuse to...

Call rate, dollar appear soft

FE Report | 2008-08-07 00:00:00

The inter-bank call money rate fell slightly Wednesday due to moderate demand for cash in the market. The US dollar also appeared soft with downward bias against Bangladesh taka (BDT) in the inter-bank foreign exchange market because of ample liquidity,...