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Cutting poverty to the bone

2007-06-23 00:00:00

Jorge HeineAT a dinner party a few days ago a columnist and former diplomat asked me, "Has Chile joined the Left-ward trend in Latin America?" I replied, "Chile has been ruled by a Centre-Left coalition for 17 years, and its...

Draft RFA and accounting profession

2007-06-23 00:00:00

Sabbir Ahmed ACAACCOUNTING profession has been criticised by many including politicians, civil society, government officials, the World Bank (WB) and other donor agencies on several occasions for their performance and the roles they have played. Their criticisms include inter se:...

Women entrepreneurship: Time to turnaround

2007-06-23 00:00:00

Md. Amlan Jahid HaqueENTREPRENEURSHIP has been conceptualised as a process which goes on into the making organisations of all sizes and types and it is distinct from, but dependent on, specific individuals'. Approached in this method, entrepreneurship can be defined...

10 years past, asian money crisis haunts

2007-06-23 00:00:00

DENIS D. GRAY Associated Press WriterHe was a typical, spoiled child of the so-called Asian economic miracle, a dynamic Thai entrepreneur who dined at fancy restaurants, drove flashy cars and sent his children abroad to summer schools. Sirivat Voravetvuthikun was...

Child labour scandal exposes gross corruption

2007-06-23 00:00:00

Antoaneta BezlovaAn unfolding national scandal on the large-scale abuse of child labourers in the brick kiln industry raises questions on the adequacy of planned labour laws that are supposed to take on sweatshops and protect workers' rights.The first signs of...

India: Modest global power

2007-06-23 00:00:00

Analysis by John FefferBefore the age of colonialism, India was a world power. Now, like China, it is returning to the global stage. With economic growth topping 9 percent in 2007, an acknowledged nuclear capability, and a growing role in...

Rainfall pushes up prices of vegetables in city markets

2007-06-23 00:00:00

FE ReportPrices of some vegetables increased, edible oil and sugar declined at the wholesale level and the prices of other essential commodities remained unchanged in the city markets over the last week.Traders said the prices of some vegetables have increased...

Pubali Bank’s Panthapath branch shifted

2007-06-23 00:00:00

FE ReportPanthapath branch of Pubali Bank Ltd (PBL) has been shifted to its new premises Wednesday with a view to providing modern banking services to its clients.PBL Chairman Hafiz Ahmed Majumder inaugurated the new premises of the bank, with Managing...

Renovated Tajpur branch of NBL inaugurated

2007-06-23 00:00:00

FE ReportRenovated and newly decorated Tajpur, Sylhet branch of National Bank Ltd (NBL) has recently been inaugurated. NBL Managing Director (MD) M Aminuzzaman formally inaugurated the branch as the chief guest. NBL Senior Vice President and Head of Sylhet region...

ANMA Zaher elected BAB vice-chairman

2007-06-23 00:00:00

FE ReportIslami Bank Bangladesh Limited (IBBL) board of directors Chairman Abu Nasser Muhammad Abduz Zaher has been elected vice-chairman of Bangladesh Association of Banks (BAB).Zaher is the managing director of Ibn Sina Pharmaceuticals Industry Limited, and executive committee member of...

Tax administration set to undergo major changes

2007-06-23 00:00:00

S M JahangirMajor upgradation and modernisation of tax administration are in the offing to make the government's revenue collection process time-bound and effective.The government in association with the World Bank will launch a programme styled "Revenue Administration Modernisation Project (RAMP)"...

Hawkers protest death of two at Gulistan

2007-06-23 00:00:00

Hawkers in the city's Gulistan area staged noisy demonstrations for hours following the death of two of their business colleagues early Friday, spelling trouble for traffic, reports bdnews24.com. Sub-inspector Noor Jahan Begum, duty officer at Paltan Police Station, said a...

Jamuna, Meghna to offload shares soon

2007-06-23 00:00:00

State-run Jamuna Oil Company and Meghna Petroleum are likely to offload their shares in the stock markets by September, an official said, reports bdnews24.comThe government recently appointed ICB Capital Management, a subsidiary of Investment Corporation of Bangladesh, as issue manager...

BDR to set up 200 retail outlets in city ahead of Ramadan

2007-06-23 00:00:00

FE ReportThe Bangladesh Rifles (BDR) has taken up a series of measures, including establishment of 200 retail sales outlets in and around the city to rein in the prices of essential commodities during the ensuing holy month of Ramadan and...

Cairn, BAPEX at loggerheads over right to gas pocket

2007-06-23 00:00:00

Doulot Akter MalaCairn Energy and Bangladesh Petroleum Exploration and Production Company Ltd (BAPEX) are at loggerheads over right to conduct exploration in a gas reserve pocket, an area claimed by both the companies.Sources said the disputed area covering Sundarpul and...

$150m WB fund sought for gas exploration

2007-06-23 00:00:00

FHM Humayan KabirThe Energy Division has sought US$ 150 million worth of fund from the World Bank to finance exploration of gas as the current reserve of the natural resource will go dry by 2011.The division has also appealed to...

Mumbai battles against blackouts

2007-06-23 00:00:00

Joe Leahy, FT Syndication ServiceMUMBAI: The frustration in M.R. Khambete's voice is palpable as he describes life for a small business trying to cope with worsening power shortages in Thane, a suburb of Mumbai.Random electricity outages mean that workers at...

Ex-BNP lawmaker Sarwar Jamal Nizam arrested

2007-06-23 00:00:00

CHITTAGONG, June 22 (UNB): Former BNP lawmaker Sarwar Jamal Nizam was arrested by joint forces from Chittagong Club gate in the city early today (Friday).Sources said the joint forces detained Nizam while he was getting out of the club at...

Amu for reforms to avert recurrence of Khilafat deal, April 30 fiasco

2007-06-23 00:00:00

Awami League (AL) needs reforms to pre-empt a recurrence of tying up with the communal Khilafat-e-Majlish and the April 30 fiasco, presidium member Amir Hossain Amu said Friday, reports bdnews24.com. "No one was consulted when Awami League struck an alliance...

Global trade talks in deep crisis following G4 meet collapse

2007-06-23 00:00:00

GENEVA, June 22 (Agencies): The World Trade Organisation (WTO) sought Friday to rekindle hopes of a global trade deal after talks between four major powers collapsed.The WTO's Doha round has received another blow with a crucial Group of Four (G4)...

Outgoing Vietnam envoy meets Khaleda

2007-06-23 00:00:00

Outgoing ambassador of Vietnam Ngo Vanhoa met BNP Chairperson Khaleda Zia at her cantonment home Friday afternoon. They exchanged views on various issues of bilateral interests, a BNP leader said. Vanhoa thanked the former prime minister for her cooperation while...

Jute trader shot dead in city

2007-06-23 00:00:00

A group of assailants shot a jute trader dead in the city's Kafrul area Friday noon. The deceased was identified as Abdul Mannan Dewan (45), a member of Eleven Cloth Club in Mirpur-13, an association of local traders. Police said...

CCC forms disaster management body

2007-06-23 00:00:00

CHITTAGONG, June 22: The Chittagong City Corporation (CCC) has formed a 79-member disaster management and rehabilitation coordination committee to take precautionary measures and carry out emergency relief and rehabilitation activities during natural calamities in the city areas. — BSS

Woman's body found abandoned in clinic

2007-06-23 00:00:00

The police recovered the body of a woman from a deserted medical clinic at Komitiganj Lane of Babubazar at 12.30 am Friday. They dismantled a door leading to the first floor of the clinic to recover the body after locals...

Draft of Consumer Protection Act awaits advisers' nod

2007-06-23 00:00:00

Jasim Uddin HaroonThe council of advisers is likely to approve the draft Consumer Protection Act-2006 shortly. The proposed act has been opposed by the non-government market research organisations and civil societies saying that it cannot protect the consumers' interests. The...

Dhaka to highlight potential benefits of labour migration in Brussels moot

2007-06-23 00:00:00

AZM AnasBangladesh will highlight the potential benefits of temporary labour migration, as policymakers and non-state actors from across the world gather next month in Brussels to shed light on the highly-debated issue.The Global Forum on Migration and Development, being sponsored...

Planning Commission, ERD, IMED to be e-connected

2007-06-23 00:00:00

FE ReportThe entire internal and external functioning of three important wings of the government will soon be electronically connected to each other for better monitoring and implementation of development projects.The government in collaboration with the United Nations Development Programme (UNDP)...

ESCAP, IOM team up to work on migration issues

2007-06-23 00:00:00

FE Report The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) and the International Organisation for Migration (IOM) signed Thursday a Memorandum of Understanding (MoU) to further strengthen the close collaboration between the two organisations. The...

Flood-like situation prevails in greater Rangpur

2007-06-23 00:00:00

RANGPUR, June 22 (BSS): A flood-like situation is prevailing in greater Rangpur as major rivers and their tributaries marked further rise due to heavy onrush of hilly waters flowing down from the upper catchments in India during the last 24...

FDI set to rise by 20pc for wealthiest nations

2007-06-23 00:00:00

Scheherazade DaneshkhuLONDON: Foreign direct investment into the world's 30 wealthiest nations is set to rise by 20 per cent this year, thanks to high corporate profits, low interest rates and solid economic growth, the Organisation for Economic Co-Operation and Development...