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StanChart lends Tk. 250m for microfinance programme

FE Report | 2008-08-28 00:00:00

Standard Chartered Bank signed a microfinance loan agreement with BURO Bangladesh, one of the top micro-finance institutions in the city Tuesday.Under the agreement the bank will disburse Tk 250m to BURO Bangladesh. It is the global initiative of the bank...

Stock market buoyancy persists

FE Report | 2008-08-28 00:00:00

Dhaka stocks extended gain Wednesday for the fifth consecutive session, led by mutual funds and pharmaceuticals issues with increase in the turnover.The Dhaka Stock Exchange (DSE) started with a higher note, pushing the main index up by more than 31...

Thushara-led fightback keeps India to 258

2008-08-28 00:00:00

India's batting mainstays in the previous game, Suresh Raina and Mahendra Singh Dhoni, played the role again with a 143-run stand but their good work was undermined by Thilan Thushara, whose timely strikes triggered a dramatic collapse. The last seven...

news digest

More civilians dead in | 2008-08-28 00:00:00

Philippines unrestMANILA, Aug 27: The top rights official in the Philippines Wednesday raised alarm over the rising human cost of an army offensive against Muslim rebels in the south, saying civilian deaths had gone unreported. Monitors on the ground have...

Credit flow to private sector goes up by 25pc in FY '08

Siddique Islam | 2008-08-28 00:00:00

Credit growth to the private sector had recorded a significant 25 per cent rise in the fiscal 2008 (FY08) against that of the previous year.The rise was mainly due to recovery of losses caused by natural disasters and global price...

When bribe is the best lubricant of government machinery

2008-08-28 00:00:00

Maswood Alam Khan from Maryland, USAIF someone as an official can process five files in a day but has ten files in front of him the person who has an emergency to get his file processed will pay him some...

Three killed, two hurt in Narsingdi road mishap

2008-08-28 00:00:00

NARSINGDI, Aug 27 (UNB): Three people were killed and two others injured in a fatal road accident at Baghata in Sadar Upazila Wednesday early morning.The identities of the dead could not be known immediately.

Gunmen shoot five people in city

2008-08-28 00:00:00

Five people, including a rickshaw-garage owner, were shot and wounded in a desperate gun attack by a gang in the capital's Gulshan area Wednesday, reports UNB.Witnesses said rickshaw-garage owner Mosharraf (30) was having tea in front of his garage near...

Bangladesh crushes Northern Territory by 120 runs

2008-08-28 00:00:00

An all-round performance from Mehrab Hossain Jr-- an unbeaten 132 runs and a three-wicket haul-- helped touring Bangladesh team to a thumping 120-run victory against Northern Territory Chief Minister's XI in the 5th practice match at the Gardens Oval in...

'Dhaka making steady progress on anti-money laundering issues'

FE Report | 2008-08-28 00:00:00

David Shannon, team leader of the Assessment Team of Asia-Pacific Group (APG) on Money Laundering Tuesday said Bangladesh is progressing steadily on anti money laundering activities.The APG team, an autonomous and collaborative international organisation founded in 1997 in Bangkok, is...

GP partnership with Sightsavers

FE Report | 2008-08-28 00:00:00

Grameenphone Ltd. has renewed its partnership with Sightsavers International to provide free eye-care support to the economically disadvantaged people of country's rural areas.A Memorandum of Understanding (MOU) was signed in this regard between Grameenphone and Sightsavers International in a city...

HC bench grants bail to 15 more VIPs

2008-08-28 00:00:00

The High Court (HC) bench of justices Sharifuddin Chaklader and Md Imdadul Haque Azad granted bail to 15 very important persons (VIPs) Wednesday, including nine BNP leaders, reports bdnews24.com.The bench granted six-month bail to BNP leader Tarique Rahman in five...

Process of Tarique

2008-08-28 00:00:00

In the latest development, Home Adviser Maj General (Retd) MA Matin Wednesday said the process of releasing BNP senior joint secretary general Tarique Rahman for his better treatment abroad has made progress, reports UNB.He also said there is no legal...

29 more killed in Sri Lanka

2008-08-28 00:00:00

COLOMBO, Aug 27 (AFP): At least 27 Tamil rebels and two soldiers were killed across Sri Lanka's embattled north, the defence ministry said Wednesday, a day after the rebels staged a daring air attack.The latest military report came after a...

Government role needed in skill training

2008-08-28 00:00:00

IN the era of market economy and free enterprise, the government's role can be argued to have shrunk, conceptually. Nonetheless, there are areas where the government is expected to play a bigger or predominant role to increase productivity for faster...

PRSP-II: Is bumpy ride ahead?

Shahiduzzaman Khan | 2008-08-28 00:00:00

While the Planning Commission has readied the second version of the poverty reduction strategy paper (PRSP) with a new slogan -- 'Moving Ahead' -- it is worthwhile to recall the rare outburst made by the ICT minister Dr Moyeen Khan...

Fish resource uplift campaign begins in B'baria

Our Correspondent | 2008-08-28 00:00:00

BRAHMANBARIA, Aug 27: A week-long 'Fish Resource Development Campaign-2008' began in the district Monday with the theme of "Machher Bongsho Rokkha Pele, Khadyo Ortho Dui-e Mele (If fish resources are protected, food and money are guaranteed).Elaborate programmes have been taken...

Salman Rahman freed on bail

2008-08-28 00:00:00

Authorities have released businessman and Awami League leader Salman F Rahman on bail from Kashimpur jail in Gazipur, a senior prisons official said, reports bdnews24.com.His lawyer barrister Rafique-ul-Huq Tuesday threatened to file contempt of court case against the jail authorities...

Russia reaches out to China as West fumes over Georgia

2008-08-28 00:00:00

MOSCOW, Aug 27 (AFP): Russian President Dmitry Medvedev was to meet his Chinese counterpart Hu Jintao Wednesday, as Moscow looked to bolster support in a diplomatic stand-off with the West over its conflict with Georgia.Western governments roundly condemned Russia's decision...

Weather risk hedging seen boosting global economy

2008-08-28 00:00:00

NEW YORK, Aug 27 (Reuters): Insuring against weather-related calamity in this era of global warming might seem the work of bean counters and actuaries.But a study by WeatherBill, an Internet firm offering weather-related risk cover for individuals, as well as...

Honour women

2008-08-28 00:00:00

WITH the development of knowledge and science, superstition and narrowness is gradually declining. But the honour due to women is still not given.By virtue of their own brain, women are achieving their position in educational institutions, offices, the legal profession...

Smith mulls over Nottingham mauling

2008-08-28 00:00:00

NOTTINGHAM, England, Aug 27 (AFP): South African captain Graeme Smith says he will not be reading the riot act to his squad despite Tuesday's ten-wicket defeat to England which he labelled as one of the lowest points of his career.Smith's...

Thailand seeks peaceful end to anti-govt protests

2008-08-28 00:00:00

BANGKOK, Aug 27 (AFP) : Thousands of protesters besieging Thailand's main government complex refused to leave Wednesday as authorities scrambled to negotiate a peaceful end to the administration's most serious challenge yet.As riot police moved in, leaders of the People's...

Hockey Federation goes to poll today

2008-08-28 00:00:00

Bangladesh Hockey Federation goes to poll today (Thursday) at the National Sports Council premises to elect 19 executive members among 23 candidates. Nine other office bearers of the federation were elected unopposed, reports UNB.Some 73 councilors will elect 19 executive...

Pakistan restores eight judges

2008-08-28 00:00:00

ISLAMABAD, Aug 27 (BBC): Eight of the judges sacked last November by former Pakistani President Pervez Musharraf have been reinstated.They took their oaths at the governor's house in Karachi. Reports say seven or eight more may be sworn in next...

Pvt ICDs given two months to fulfill terms, conditions

Our Correspondent | 2008-08-28 00:00:00

CHITTAGONG, Aug 27: Chittagong Customs House (CCH) has given two months' time to the private Inland Container Depots (ICDs) owners to fulfil the terms and conditions stipulated in their respective licences.In case of violation of the terms, drastic measures would...

Bureau Veritas clarifies some points of FE report

2008-08-28 00:00:00

Bureau Veritas (BIVAC) Bangladesh Ltd clarified some points of the report titled "NBR urged to take action against PSI cos" published in the FE on 26th August, 2008.The clarifications are as follows: The report is incomplete as it did not...

Zimbabwe to form new government: Mugabe

2008-08-28 00:00:00

HARARE, Aug 27 (AFP): Zimbabwe's President Robert Mugabe says he will form a new government, despite a deadlock in the country's power-sharing negotiations with the opposition, a state daily said Wednesday."We shall soon be setting up a government," Mugabe was...

Ctg people worried over WASA

Our Correspondent | 2008-08-28 00:00:00

CHITTAGONG, Aug 27: The conscious section of the Chittagong city dwellers are concerned as the Chittagong WASA realises excessive fees from the subscribers for installation of deep tubewells at personal initiative, though it fails to meet even one-third of the...

Mushtaq quits county cricket

2008-08-28 00:00:00

Mushtaq Ahmed, the former Pakistan legspinner, has announced his retirement from county cricket due to persistent knee trouble. For the last six years, Mushtaq has been an integral member of the English county side Sussex, during which they won three...