Six Ctg colleges to raise 1000 seats in Class XI

CHITTAGONG, Aug 5: With a view to solving the admission crisis in the intermediate colleges, Board of Intermediate and Secondary Education (BISE), Chittagong has increased one thousand extra seats in class XI of six colleges in the city, BISE sources...

Power-sharing deal close in Zimbabwe

JOHANNESBURG, August 5 (Reuters): Zimbabwe's ruling party and the opposition are close to a power-sharing deal that would turn Robert Mugabe into a ceremonial president, a South African newspaper reported on Tuesday.The report came as Zimbabwean state media reported ZANU-PF...

Greenspan warns govts may have to bail out more banks

LONDON, Aug 5 (AFP): Former US Federal Reserve chairman Alan Greenspan warned today that governments the world over may have to bail out more banks before the current financial crisis is over.Writing in the Financial Times, Greenspan also warned of...

Barisal's Shantu rejects results

Barisal, Aug 5 (bdnews24.com): PDP leader Sharfuddin Ahmed Shantu has rejected the unofficial results of the Barisal City Corporation election, declaring rival Awami League-backed Shawkat Hossain Hiron as mayor, while a local BNP leader has also cast doubts on the...

Hewitt set for Games despite hip problem

BEIJING, Aug 5 (AFP): Australia's Lleyton Hewitt flew out for the Olympic Games Tuesday despite an ongoing hip problem that has kept him sidelined for the past month, reports said.The former world number one and double Grand Slam winner left...

Pak livestock contribution to agriculture GDP rises to 52pc

LAHORE, Aug 5 (APP): The contribution of livestock income in the GDP of agriculture sector has risen to 52 per cent but its share in government funding has always been comparatively low.University of Veterinary and Animal Science (UVAS) Vice Chancellor...

Thrust on encouraging local industries

Commerce Advisor Hossain Zillur Rahman said that the just-concluded local government elections have shown that the people of the country have full confidence and belief in the democratic process.Terming it a 'huge confidence boost' for the nation Zillur, credited the...

Mists on K2 prolong Italian survivor's ordeal

ISLAMABAD, August 5 (Reuters): Heavy mists around K2 prevented a Pakistani army helicopter from attempting to airlift a stricken Italian climber off the world's second-highest mountain Tuesday, following a climbing disaster that killed 11 others.Hobbling on severely frostbitten feet, Marco...

Green Delta Ins settles insurance claim of Lafarge Surma

Green Delta Insurance Co Ltd has recently settled an insurance claim of Tk 338 million (Tk 33.8 crore) of Lafarge Surma Cement Ltd against a business interruption claim lodged by the company.Nasir A Chowdhury, managing director and CEO of Green...

Exports hit $14.11b in FY'08 as boom continues in garments

Bangladesh exports posted a 15.87 percent growth in the outgoing fiscal year to a robust US$14.11 billions, spurred by impressive show of garments and an all-time high monthly shipments in June, officials said Tuesday.The country shipped goods worth around two...

Argentina, Brazil to rise above Messi action

BEIJING, Aug 5 (AFP): The Olympic men's football competition, which kicks off Thursday under a pall of legal action, shapes as a South American extravaganza featuring Argentina and Brazil-but not in the final.As football celebrates 100 years as an Olympic...

China 'guarantees' safe games amid terror threat

BEIJING, August 5 (AFP): China declared Tuesday it could guarantee a safe Olympics three days ahead of the Games, as it tightened security in its remote northwest following a deadly attack blamed on Muslim terrorists.Authorities said the two assailants who...

Leasing out of jute mills

The recent decision of the government to lease out to the private sector, five of the eight jute mills that were earlier closed down is a welcome decision. Hopefully, the re-opening of the mills under private management would pave the...

MTBL helps meritorious students

Mutual Trust Bank Limited (MTB) in association with Dhaka University Alumni Association (DUAA) has helped 67 meritorious and needy students of all institutes of the DU, TSC and Dhaka Medical College.The bank helped the students as a part of its...

Raqibul emerge champion in Boys' singles

Raqibul Alam Charu of Bogra Station Club emerged champion in the Boys' singles (Under-12) of the Dhaka Open Tennis Competition crushing Suraka Suchana of ZITC in the final at the National Tennis Complex in the city Tuesday, reports UNB.In the...

JANIPOP observes 4 city corpns, 3 municipalities polls

JANIPOP, Jatiya Nirbachon Parjobekkhon Parishad (National Election Observation Council), has observed four city corporations and three municipalities by deploying 399 mobile observers under the leadership of its chairman Prof Dr Nazmul Ahsan Kalimullah.From its long-term and Election Day observations covering...

Govt, EC have failed in test case: Delwar

BNP secretary general has decried Monday's city corporation and pourasava elections saying it was a rehearsal for the parliamentary polls through a covert understanding under the emergency, reports UNB.Addressing the party workers at the Institute of Engineers he said the...

Final round of Fed Cup Football kicks off today

The final round of the Citycell Federation Cup Football Tournament kicks-off today (Wednesday) at the Bangabandhu National Stadium with professional league (B League) champions Dhaka Abahani Limited playing Jatrabari KC in the opening match at 5:00 pm, reports UNB.In the...

China promises good early rice harvest

BEIJING, Aug. 5 (Xinhua): The latest information provided by the Chinese Ministry of Agriculture shows that China now promises a good early rice harvest, and a fine foundation to autumn grain production, so the full year grain production will continue...

President's cooperation sought to strengthen scouts

A delegation of Bangladesh Scouts called on President Iajuddin Ahmed at Bangabhaban in the city Tuesday, reports BSS.The delegation, led by newly elected president of Bangladesh Scouts and Education Secretary Mohammad Momtazul Islam, sought the President's cooperation and guidelines in...

Clarification

Managing Director of the JAGO Corporation Ltd. contradicted the news item published in the 'Corporatewatch of July 23, 2008 issue of The Financial Express. In a rejoinder, he said the news in baseless and as the company submitted the audited...

Energy sector needs a master plan

Improved energy planning at the soonest is proving to be more and more an absolute imperative for Bangladesh in the backdrop of its growing energy needs to expand its economy, fast and mindless depletion of its main energy source, inadequate...

BB continues to offer OD facilities to SCBs

The central bank continues to offer overdraft (OD) facilities to the commercial banks, particularly the state-owned commercial banks (SCB), for settlement of oil import bills, officials said.Under the move, the Bangladesh Bank (BB) provided OD facilities for US$16 million in...

Oil drops once more below $120

LONDON, Aug 5 (AFP): World oil prices fell below 120 dollars a barrel today, a day after hitting the trough for the first time for three months, as slowing US demand for energy offsets tensions over crude-rich Iran, traders said.Brent...

CA's call to issue work orders of all procurements by Dec

Chief Adviser Dr. Fakhruddin Ahmed asked the ministries to issue work orders for all procurements against development projects under the current ADP by December this fiscal aiming to implement those in time, an official said."Against the backdrop of poor ADP...

HC stays amendments to mutual fund rules

The High Court (HC) Monday stayed for a period of three months the changes made by the capital market regulator in the rules for the close-end mutual funds, restricting the funds from issuing preemptive rights or bonus shares.A HC division...

Air Arabia records 39pc growth in net profit

ABU DHABI, Aug 4 (Xinhua): Air Arabia, a low-cost airline of the United Arab Emirates (UAE), announced yesterday a net profit of 160 million dirhams (43.6 million US dollars) for the first half of 2008, growing by 39 per cent...

BB continues OD facilities to banks for fuel import payment

The central bank continues to offer overdraft (OD) facilities to the commercial banks, particularly the state-owned commercial banks (SCB), for settlement of their oil import bills, officials said.Under the move, the Bangladesh Bank (BB) provided OD facilities for US$6.0 million...

BCIC factories reach production targets, earn profits

Four factories of Bangladesh Chemical Industries Corporation (BCIC) named TSP Complex, Usmania Glass Sheet Factory (UGSF), Bangladesh Insulator and Sanitary Ware Factory (BISF) and Karnaphuli Paper Mill (KPM) achieved their production targets in the financial year (FY) 2007-08 and earned...

Query from China on gas metering system

This is in response to two articles on gas published in The Financial Express in recent times which I read with avid interest. These articles were headlined as 'Proposed gas price hikes should be rational' and 'Falling gas reserve and...