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B League match postponed again due to rain

2007-06-12 00:00:00

The professional football league (B League) match between Arambagh KS and Farashganj SC, scheduled for today (Tuesday), has been postponed due to inclement weather, reports UNB.The match between the two mediocre Dhaka Metropolis teams was also washed out Sunday at...

East End beat Dhaka Sabuj

2007-06-12 00:00:00

East End Boys' Club beat Dhaka Sabuj Club by 3-1 sets in the day's lone match of the National Bank Metropolis First Division Volleyball League at the Volleyball Stadium in the city Monday , reports UNB.

Landslide triggered by torrential rain kills 76, injures 200 in Ctg

2007-06-12 00:00:00

FE ReportAt least 76 people were killed and more than 200 injured Monday by electrocution and landslide, triggered by torrential rains in the port city of Chittagong, district officials said. The downpour paralysed life and business activities in the port...

Heavy rains disrupt normal life, business across country

2007-06-12 00:00:00

FE ReportIncessant rainfall continued to bring untold sufferings for the city dwellers for the second consecutive day Monday halting normal business activities as people were confined to their workplaces and residences.Almost all the roads and streets in the city have...

Anti-corruption drive to take country one step forward: Gen Moeen

2007-06-12 00:00:00

SYLHET, Jun 11 (UNB): Army chief General Moeen U Ahmed Monday said the country had been riddled with corruption and there had been extensive looting, which prompted the current purge. With people's cooperation, that plunder is being resisted to take...

Govt may seek PRGF extension, or strike similar deal with IMF

2007-06-12 00:00:00

Shakhawat Hossain Finance and planning adviser Mirza Azizul Islam hinted Monday that the caretaker government would either seek extension of the Poverty Reduction Growth Facility (PRGF) or strike a new deal on a similar credit programme with the International monetary...

Khaleda, Hasina can't ignore roles in billions of taka scams: Matin

2007-06-12 00:00:00

Adviser MA Matin Monday said Khaleda Zia and Sheikh Hasina cannot shrug off their roles in the billions of taka scams, disclosed by detained politicians during interrogations, reports bdnews24.com. The chairman of the national coordination committee on curbing serious crimes...

US for early polls in Bangladesh

2007-06-12 00:00:00

US Assistant Secretary of State for South Asia Richard Boucher said the present caretaker government (CG) in Bangladesh has the prime responsibility to hold an early election without dragging the process too long, reports UNB.Talking to a group of visiting...

BoI, Mittal sign MoU on $2.9b investment plan

2007-06-12 00:00:00

FE ReportThe UK-based Mittal group Monday signed a memorandum of understanding (MoU) with the government proposing to invest about $2.9 billion in coal mine development, oil exploration and production, power plant, petrochemicals, NGL/LNG production and other infrastructure projects in Bangladesh.Md...

EU delegation satisfied over pilot project of voters' list

2007-06-12 00:00:00

GAZIPUR, June 11: A European Union (EU) delegation Monday visited the registration centre of ongoing pilot project on preparing voters' list with photographs at Sreepur Municipality and expressed their satisfaction over the activities, reports UNB.The three-member EU delegation, led by...

EC proposes separation of its secretariat from PMO

2007-06-12 00:00:00

The Election Commission has sent a proposal to the government for separating the EC secretariat from the Prime Minister's Office (PMO) by an ordinance so the commission could act independently, reports UNB"We have sent the proposal to the Chief Adviser's...

Dhaka to get Tk 1.30b Japanese grant

2007-06-12 00:00:00

Bangladesh will get Tk 1.30 billion (130 crore) Japanese grant assistance for implementing three development projects. These are: Improvement of the Storm Water Drainage System in Dhaka City (Phase-II), Human Resources Development Scholarships (JDS) and Establishment of the Meteorological Radar...

Heroin worth Tk 15m seized at Benapole

2007-06-12 00:00:00

BENAPOLE, June 11: Narcotics Control officials Monday seized 1.5kg heroin and arrested three alleged drug lords from Bhaberber village. On receipt of secret information, the officials raided the house of one Selim in the afternoon and seized the heroin worth...

Decision on Tata's investment proposal by next month

2007-06-12 00:00:00

Naim-Ul-KarimThe government will take decision on Indian business conglomerate Tata's $3.0 billion investment proposal in steel, coal, fertiliser and power plant by next month."The decision on all projects of Tata will be taken by end of July once the coal...

BB reviews overall credit flow to pvt sector today

2007-06-12 00:00:00

FE Report The Bangladesh Bank (BB) is going to review the overall credit flow to the private sector against the backdrop of its declining trend during the first nine months of the current fiscal.The credit flow will be reviewed at...

GP to take up tax issues with government

2007-06-12 00:00:00

A Z M AnasCell phone behemoth Grameen Phone (GP) has sounded a note of dismay over some budgetary proposals that could deliver a blow to the country's fast-developing telecom sub-sector."A few tax measures relating to the operations of cell phone...

IDB agrees to give $200m for ERL's capacity expansion

2007-06-12 00:00:00

M Azizur RahmanThe Islamic Development Bank (IDB) has agreed to provide nearly US$ 200 million for capacity expansion of the state-owned Eastern Refinery Limited (ERL).Sources said the Jeddah-based multilateral donor agency has recently completed a preliminary feasibility study on the...

Three trade bodies call to withdraw import duty on textile machinery

2007-06-12 00:00:00

FE ReportThree trade bodies on textile sector have urged the government to withdraw the proposed 10 per cent import duty on textile capital machinery in the budget for fiscal 2007-08.In post-budget reactions Monday, the Bangladesh Textile Mills Association (BTMA), Bangladesh...

WB keen to help govt improve social protection of ultra-poor

2007-06-12 00:00:00

FE Report The World Bank has expressed its interest to support the government initiative to improve the social protection system by strengthening the rural and urban safety net programmes in order to reduce vulnerability of the ultra-poor in the country.'The...

Lightning kills 11, injures three in three districts

2007-06-12 00:00:00

At least 11 people were killed in lightning in three districts Monday amid bursts of cloud as a calamitous weather prevailed over the country, reports UNB.According to reports, seven people were killed in Cox's Bazar and two each in Brahmanbaria...

Call rate rises, dollar drops

2007-06-12 00:00:00

FE ReportThe inter-bank call money rate marked rise Monday due to recurrent pressure on liquidity caused by post- withdrawal of cash Sunday through reverse repurchase agreement (repo), treasury bills and T & T bonds on liquidity, fund managers said. The...

DSE indices, turnover decline significantly

2007-06-12 00:00:00

FE ReportThe indices on the Dhaka Stock Exchange (DSE) Monday, fell and the turnover declined significantly.Market operators said the prices on the DSE fell mainly due to fall in price of the issues under banking sector, power, and mutual funds....

Govt approves import of 75,000 tonnes fertilisers

2007-06-12 00:00:00

The government Monday approved the import of 75,000 tonnes of fertilisers by the state-run Bangladesh Chemical Industries Corporation (BCIC), as there have been reports of shortage of the farming input in different parts of the country, reports UNB.Officials said the...

Tk 900m for BDR to intensify drive against price-hike

2007-06-12 00:00:00

The government has approved an allocation of Tk 900 million (90 crore) for Bangladesh Rifles (BDR) to help intensify its drive against price-hike of essentials, reports UNB."The allocation is for import and supply of 3-4 essential items," Finance Adviser Mirza...

KEPZ and a few foreign investment issues

2007-06-12 00:00:00

THE administration in Bangladesh is infamous for its habit of foot-dragging on issues of national importance. The country has lost many golden opportunities because of the delay in taking timely decisions. The political leadership and the bureaucracy -- both --...

On budget deficit and subsequent possibilities

2007-06-12 00:00:00

Qazi AzadPUNDITS on economics theorize an idea with a qualifying statement to characterize the situation under which the idea will hold good. "Other parameters remaining constant" is the language of the usual qualifying statement. This is how they acknowledge that...

Democrats still live in shadow of Vietnam

2007-06-12 00:00:00

Philip Stephens AMERICA'S Republicans do not know how to win in Iraq. The Democrats are gripped by the fear that they might be blamed for losing. Thus the war that has broken George W. Bush's presidency now tortures his political...

Ecological imbalance

2007-06-12 00:00:00

Abdus SobhanIT is surprising that the Ministry of Environment and Forest issued a circular for relocating different industrial units in the Dhaka-Bhaluka belt in 1999 and the gazette notification in this respect was published after almost seven years in 2006....

Budgetary challenges

2007-06-12 00:00:00

THE recently announced proposed budget for the fiscal year 2007-08 has been receiving both appreciation and criticism. Most of those who have appreciated the budget have described it as a major challenge for the government to manage funds for successfully...

Party affiliated student politics

2007-06-12 00:00:00

ONE of the many good things the present administration did was the step to enact necessary law banning party affiliated student politics. Everybody knows the two main party affiliated "student" political organisations in the universities and colleges are the breeding...