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Good progress for holding elections

2007-06-28 00:00:00

THE interim government has taken up and carried out decisive reforms only within four months in the Election Commission (EC), the main machinery to conduct and oversee every aspect of holding dependable elections. The EC on its part is now...

Consumers' rights

2007-06-28 00:00:00

IT has been reported that the government is considering approving the draft of the proposed Consumer Protection Act, 2006, instead of the draft prepared by the Bangladesh Rifles. Recently, the Consumers' Association of Bangladesh at a press conference raised the...

President stresses gaining skills on tech education

2007-06-28 00:00:00

MUNSHIGANJ, June 27 (UNB): President Iajuddin Ahmed has stressed the need for gaining skills by students through technological education, as well as proficiency in English, to move together with the other countries of the world.The President said this while inaugurating...

President stresses gaining skills on tech education

2007-06-28 00:00:00

MUNSHIGANJ, June 27 (UNB): President Iajuddin Ahmed has stressed the need for gaining skills by students through technological education, as well as proficiency in English, to move together with the other countries of the world.The President said this while inaugurating...

Land official held while taking bribe

2007-06-28 00:00:00

BRAHMANBARIA, June 27: Joint forces arrested sub-assistant settlement officer Nazir Ahmed Bhuiyan Wednesday on charges of extortion in Brahmanbaria, reports bdnews24.comBrahmanbaria Anti-corruption Commission assistant director Shahin Ara Mamtaz claimed that Nazir was caught red handed while taking bribe at the...

Poet Shamsul Islam passes away

2007-06-28 00:00:00

Poet and litterateur Shamsul Islam, one of the leading writers in the 60s, died of cardiac arrest in the city early Wednesday. He was 66, reports UNB.

Oil prices lower on expectations of rise in US energy reserves

2007-06-28 00:00:00

SINGAPORE, June 27 (AFP): Oil prices weakened in Asian trade today as the market waited for the weekly US energy report where expectations are for a further rise in petroleum reserves, dealers said. New York's main contract, light sweet crude...

NCC Bank opens TeleMoney service in KSA

2007-06-28 00:00:00

FE Report Bangladeshi expatriates in the Kingdom of Saudi Arabia (KSA) can now easily and quickly remit their money home using TeleMoney of Arab National Bank, KSA through National Credit and Commerce Bank (NCC Bank) Limited.Saudi Prince Salman Bin Bandar...

Doha talks need boost from 'fast-track' extension: US

2007-06-28 00:00:00

WASHINGTON, June 27 (AFP): The sputtering Doha round of global trade talks would get a boost from an extension of the special negotiating authority for the president, the US trade chief said yesterday. US Trade Representative Susan Schwab said the...

Strong demand for good liquoring Dusts

2007-06-28 00:00:00

FE ReportThere was generally a better tone in the week's sale with Pakistan buyers being a little more forceful for well made good liquoring teas. Internal buyers especially Blenders operated strongly whilst there was a fairly good support from the...

India to emerge as third largest banking hub by 2040: PwC

2007-06-28 00:00:00

NEW DELHI, June 27 (PTI): Banking sector growth in the major emerging economies of the world would outstrip that in the developed nations before 2050 and India is pegged to take the third place as a banking hub after China...

Oracle financial unit to deliver solutions suited to banking, insurance, capital markets

2007-06-28 00:00:00

FE Report Oracle Tuesday announced that its new Financial Services Global Business Unit will provide an integrated suite of standards-based industry specific applications for banks, insurance companies and capital markets firms. The world's largest enterprise software company also introduced new...

Asia recalls crisis that brought region to its knees

2007-06-28 00:00:00

HONG KONG, June 27 (AFP): When Thailand floated its currency on July 2, 1997, it meant to ease the immediate pressure on its faltering economy. Instead, it set off a chain reaction which destroyed many of the gains of Asia's...

Baten new GM of Sonali Bank

2007-06-28 00:00:00

FE ReportMA Baten Khan joined Sonali Bank head office as its general manager (GM) in the city recently.Prior to his new assignment, he was serving Bangladesh Krishi Bank as GM.He also held important positions in Sonali Bank with various responsibilities.Khan...

Vietnam to increase trade volume to $100m by 2008

2007-06-28 00:00:00

Vietnam government has set a target to take the trade volume with Bangladesh to US$100 million by 2008 by improving relations between the two countries.Outgoing Vietnamese Ambassador in Bangladesh Ngo Van Hoa disclosed the plan when he paid a farewell...

Shivshankar meets Hasina, Khaleda, discusses bilateral issues

2007-06-28 00:00:00

Indian Foreign Secretary Shivshankar Menon held separate meetings with Awami League (AL) President Sheikh Hasina and BNP Chairperson Khaleda Zia in the city Wednesday and exchanged views on bilateral issues, report agencies.About meeting with AL chief, Hasina's aide Hassan Mahmud...

Court fixes July 2 for framing charges against Babar

2007-06-28 00:00:00

A Dhaka court Wednesday set July 2 for framing charges against former state minister for home affairs Lutfozzaman Babar accused of illegal possession of firearms and ammunition. The trial of the case will also start on July 2. Dhaka Metropolitan...

Pankaj indicted in graft case

2007-06-28 00:00:00

General Secretary of Awami Shechchhasebak League Pankaj Devnath was indicted Wednesday by a makeshift special judge's court in a graft case and fixed July 1 to start formal trial, reports UNB.Detained Pankaj, standing in the dock, pleaded not guilty and...

Tigers facing uphill task to avoid innings defeat

2007-06-28 00:00:00

Bangladeshi batsmen produced some overdue resistance to stave off the prospect of a three-day defeat in the first Test against Sri Lanka Wednesday, reports BBC. They reached 233-5 at the close in Colombo after defiant half centuries from Javed Omar...

Muktis held by Farashganj

2007-06-28 00:00:00

Muktijoddha Sangsad KC lost valuable points in the B League as they were held to goal-less draw by Farashganj SC in a 2nd phase match at the Bangabandhu National Stadium (BNS) in the city Wednesday, reports UNB.With the day's results,...

Roddick, Serena storm into 3rd round

2007-06-28 00:00:00

Two-time Wimbledon runner-up Andy Roddick saw off Thailand's Danai Udomchoke 6-3 6-4 7-6 (7-3) to make the third round of this year's tournament Wednesday, reports BBC. Third seed Roddick had to fend off break points in both the first two...

Kallis shepherds Proteas to victory

2007-06-28 00:00:00

India captain Rahul Dravid blamed the team's poor scoring in the last 10 overs of their innings for defeat by South Africa in Belfast. "Probably, with eight wickets in hand, we would have liked more than 60 in the last...

Nat'l hockey Rajshahi, Faridpur reach super league

2007-06-28 00:00:00

Rajshahi and Faridpur DSAs emerged group champions to reach the five-team super league in the 27th National Hockey Championship Wed-nesday, reports UNB.The five-team super league is scheduled to begin today (Thursday).

Peru shock Uruguay in Copa opener

2007-06-28 00:00:00

The Copa America began Tuesday in Venezuela, with Peru causing a shock in the first game by thrashing perennial dark horses Uruguay in Merida, reports BBC.

Mounting demand for central bank independence

2007-06-28 00:00:00

Dr.Jamaluddin Ahmed FCATHERE are two concepts of independence. One focusses on goal independence and the other on instrument independence. The goal independence is found, for example, in the German case in which the Bundesbank does not get any instruction from...

Agro-processors call for review of new fiscal proposals

2007-06-28 00:00:00

The Bangladesh Agro-Processors Association (BAPA) has highlighted some of the issues relating to the proposed budget for fiscal 2007-2008., According to it, as per the proposed Budget (2007-2008) duty and taxes on imported finished products will be 11.19 per cent,...

Future of nuclear energy in Bangladesh

2007-06-28 00:00:00

Khan Ferdousour RahmanTHE International Atomic Energy Agency (IAEA) has approved a nuclear station to be set up in Bangladesh to generate power. It is learnt that Bangladesh got this approval with other seven countries. Accordingly a delegation will visit Bangladesh...

Plastic money - the great facilitator

2007-06-28 00:00:00

Ershad Khandker IN the world of glamorous money-spinning financial products, consumer- oriented packages and countless derivative offshoots of multifarious product lines, credit cards are overshadowed. However, credit cards are stable money earners for issuers and useful tools for consumers. Status...

DBBL - a name in the modern banking arena

2007-06-28 00:00:00

Since the launch of Internet, the large planet has become a smaller one. It has rendered enormous impacts on business sectors. Remarkable development in ICT (Information and Communication Technology) has introduced a global revolution in banking sectors. The global trend...

Developments in the pricing of credit card services

2007-06-28 00:00:00

Credit cards were first made broadly available to individuals for consumer spending in the early 1950s by major department store chains. The cards were furnished as a convenience to the stores' regular "charge account" customers; they also provided a more...