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Haphazard car parking creates huge traffic snarl

Jasim Uddin Haroon | 2008-07-31 00:00:00

Hundreds of cars remain illegally parked at the country's business hub of Motijheel, Dilkhusha and Paltan in violation of rules.The Dhaka City Corporation (DCC) suspended leasing out spaces for parking in front of the commercial buildings along the road two...

Next polls will elevate democracy: CA

2008-07-31 00:00:00

SIRAJGANJ, July 30 (bdnews24.com): The forthcoming Jatiya Sangsad election will elevate the quality of democracy and state governance in Bangladesh, chief adviser Fakhruddin Ahmed said here Wednesday."We hope that we'll be able to realise the goal we had envisaged at...

UK minister due in city today

2008-07-31 00:00:00

British Secretary of State for Communities and Local Government Hazel Blears MP arrives in city today (Thursday) on a two-day visit, her first to Bangladesh in official capacity, reports UNB.During her visit, Blears seeks to gain a deeper understanding of...

Japan likely to endure 'modest' economic slowdown: IMF

2008-07-31 00:00:00

WASHINGTON, July 30 (AFP): Japan's economy looks set to endure a "modest" slowdown as economic problems hamper the United States and as global stock markets continue to be plagued by turmoil, an IMF report warned yesterday.In an annual review of...

Chef-de-Mission gives guideline to Bangladesh contingents

2008-07-31 00:00:00

Chef-de-Mission Maj Gen Shakil Ahmed Wednesday gave a guideline of behaviour and manners to the Bangladesh contingents who are preparing to go to the Beijing 2008 Olympic Games (August 8-24), reports UNB.During the briefing at the Bangladesh Olympic Association (BOA)...

BPC seeks Tk 100b govt fund to offset its operational losses

S M Jahangir | 2008-07-31 00:00:00

The Bangladesh Petroleum Corporation (BPC) has turned to the government for funds amounting to Tk 100 billion for the current fiscal year to offset its probable operational losses on account of selling fuel oils at a price lower than the...

Listing of Second ICB NRB Mutual Fund

2008-07-31 00:00:00

I refer to the report of published in the FE on July 28, 2008, on the listing price of the above-mentioned scrip. The listing of security reveals the opening price and many sales and many buys. It is a generally...

Kuwait to deport 500 Bangladeshi workers

2008-07-31 00:00:00

Kuwait will deport some 500 Bangladeshis who were involved in damaging vehicles and attacking the police in the gulf kingdom, an official said Wednesday, reports bdnews24.com.As many as 300 out of the 800 Bangladeshis, arrested on charge of creating "trouble"...

'Brand Witz-2008' begins today

DU Correspondent | 2008-07-31 00:00:00

Inter-business school marketing competition titled 'Brand Witz-2008' begins at the Institute of Business Administration (IBA) of Dhaka University (DU) today (Thursday).IBA Communication Club (IBACC) is organising the event to create an opportunity for the business students to relate the theoretical...

ICCB highlights urgent need to improve power situation

FE Report | 2008-07-31 00:00:00

Staggering shortfall and frequently interrupted supply of power is considered to be the main bottleneck for Bangladesh to achieve its desired level of development to become a middle-income country by 2015, said International Chamber of Commerce-Bangladesh (ICCB), the world business...

Couple among 4 killed in Jessore road accident

2008-07-31 00:00:00

JESSORE, July 30 (UNB): Four people, including a couple, were killed and eight others injured in a collision between a bus and a three-wheeler (Nasimon) at Gopalpur crossing in Sadar Upazila Wednesday.The deceased, passengers of the Nasimon, were identified as...

Bangladesh's landmass is increasing, not losing!

2008-07-31 00:00:00

New data shows that Bangladesh's landmass is increasing, contradicting forecasts that the South Asian nation will be under the waves by the end of the century, experts say, reports AFP.Scientists from the Dhaka-based Center for Environment and Geographic Information Services...

Development of agriculture

2008-07-31 00:00:00

IN major agricultural countries of the world, the government operates policies flexibly or delicately to retain high incentives for farm production. Governments in the USA and European Union (EU) countries buy up wheat from farmers at subsidised prices to prevent...

Planning power production

2008-07-31 00:00:00

Not a moment should be lost in formulating plans on emergency basis and then integrating those with a foolproof long-term plan to cater fully and effectively to the energy security of the country. The country's growing energy insecurity is manifest...

Imperatives for shoring up Biman's performance

Shahiduzzaman Khan | 2008-07-31 00:00:00

Slowly but steadily, the country's private airlines are increasingly coming into limelight with their willingness to offer best services and hospitality. Earning hefty profits apart, these young airlines are making Bangladesh known to the outside world.When the national Biman Bangladesh...

Global economy grows despite sub-prime crisis: UN

2008-07-31 00:00:00

GENEVA, (Internet): Despite the sub-prime mortgage crisis taking hold in industrialised nations, the overall global economy was still growing in 2007, a new United Nations report says.Global exports rose by significant amounts - 14 per cent for goods and 18...

Islami Bank pulls down Dhaka stocks

FE Report | 2008-07-31 00:00:00

Dhaka stocks slipped for the third straight session Wednesday due mainly to price adjustment of Islami Bank Bangladesh Limited that went ex-dividend.All the market barometers- Dhaka Stock Exchange (DSE) General Index (DGEN), All Shares Price Index (DSI) and DS 20,...

14-member Academy squad named for S Africa tour

2008-07-31 00:00:00

Bangladesh Cricket Board (BCB) has named a 14-member GP-BCB National Cricket Academy team, which will leave for South Africa on August 4 to play two four-day and three one-day matches, reports UNB.Suhrawardy Shuvo will lead the side, while Sahagir Hossain...

Biogas brings changes in lifestyle in Lalmonirhat

Our Correspondent | 2008-07-31 00:00:00

RANGPUR, July 30: Biogas has changed the lifestyle of a large number of people in Lalmonirhat district.According to sources, more than 300 families of different areas of the district have changed their lifestyle by using biogas in cooking meals.A total...

ERD rejoinder

2008-07-31 00:00:00

The Economic Relations Division (ERD) in a rejoinder Wednesday said the news item published in the Financial Express July 26, 2008 under the headline 'Foreign aid down in FY'08' contained inconsistent and factually incorrect information regarding foreign aid flows into...

Japan farmers break open sake over WTO failure

2008-07-31 00:00:00

TOKYO, July 30 (AFP): Japanese farmers today rejoiced at the failure of talks in Geneva on a global free trade pact, which they feared would open the door to a flood of cheap imports."We are relieved, if not delighted, at...

Pirates in action wearing police uniforms

2008-07-31 00:00:00

SUNAMGANJ, July 30 (UNB): Armed pirates wearing police uniforms looted cash and valuables worth Tk 0.2 million from a boat at Borhanpur village in Dirai Upazila Sunday afternoon.When their boat reached Borhanpur the bandits dressed in police uniforms in another...

City Bank opens CityBizness centre to help SMEs

2008-07-31 00:00:00

City Bank has opened its first CityBizness centre at Motijheel in the city to support small and medium enterprises (SMEs) to grow and move to the next level.President of the Dhaka Chamber of Commerce and Industry (DCCI) Hossain Khaled Saifullah...

SL aims to seal India series early

2008-07-31 00:00:00

GALLE, July 30 (AP): A confident Sri Lanka, which handed India one of its worst ever defeats last week, goes into the second Test Thursday aiming to put an early seal on the three-match series. Sri Lanka won the first...

Dhaka to propose 'trust fund' at London confce on climate change

FE Report | 2008-07-31 00:00:00

Finance and planning adviser Mirza Azizul Islam Tuesday said a "multi-donor trust fund" would be formed to assist Bangladesh in overcoming effects of natural disasters. An announcement to this effect is likely to be made in the upcoming London conference...

BB provides $10m to SCB to settle oil import bills

FE Report | 2008-07-31 00:00:00

The central bank has provided overdraft (OD) facilities for US$10 million to a state-owned commercial bank (SCB) for settlement of its oil import bills, officials said."We have provided the OD facilities to the SCB against reverse repo auction to settle...

Prices rise on strong demand

FE Report | 2008-07-31 00:00:00

There was a strong demand in the week's sale for well-made grainy varieties particularly the Fannings, from Pakistan, which resulted in high prices for the varieties. Blenders and Packeteers were active for good liquoring types, which were also fully firm...

New office-bearers of BACI EC

FE Report | 2008-07-31 00:00:00

The names of the newly elected members of the executive committee (EC) of Bangladesh Association of Construction Industry (BACI), comprising twelve members including the president and the vice president, were announced at its 13th annual general meeting (AGM) held at...

High time to diversify traditional agriculture

Enayet Rasul | 2008-07-31 00:00:00

Traditional agriculture- centering mainly on the production of food grains -- has served a purpose, no doubt, in feeding the growing population of Bangladesh. But this singular emphasis on food grain production is also costing dear the country in different...

BPO keen to collect BRTA's Motor Vehicle Tax and other fees

FE Report | 2008-07-31 00:00:00

Bangladesh Post Office (BPO) submitted 'expression of interest' (EOI) to the Bangladesh Road Transport Authority (BRTA) for appointment as a 'service provider' to collect BRTA's Motor Vehicle Tax (MVT) and other fees.BRTA has sought EOI from financial and non-financial institutions...