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Amended rules create trouble for banks over bond calculation

Siddique Islam | 2008-08-04 00:00:00

Banks are facing difficulties in calculation over government-approved securities as the central bank has amended rules allowing the on-cash-basis accounting method instead of the accrual basis method.On May 26 last, the Bangladesh Bank (BB) amended its rules relating to the...

Malaysia's Proton develops new hybrid car

2008-08-04 00:00:00

KUALA LUMPUR, Aug 3 (AFP): Malaysia's state-owned carmaker Proton is developing a new, fuel-efficient hybrid car to beat rising costs and address environmental concerns, reports said Sunday.Prime Minister Abdullah Ahmad Badawi told the state Bernama news agency he had already...

Russian firms not interested in TNK-BP stake

2008-08-04 00:00:00

MOSCOW, Aug 3 (AFP): State-owned Russian gas and oil giants Gazprom and Rosneft do not intend to buy a stake in the Russian-British oil group TNK-BP currently in the grip of a shareholder conflict, a government official said yesterday.Questioned on...

Community management in rural Bangladesh

Fowzia Gulshana Rashid Lopa | 2008-08-04 00:00:00

In Bangladesh, community management is now increasingly used to refer to the need to increase sustainability and coverage by creating institutional supports for community-managed services, using a learning approach that includes all relevant stakeholders and allows for local context. However,...

National Summer Athletic begins Aug 27 in city

2008-08-04 00:00:00

The 10th National Summer Athletic, organised by Bangladesh Athletics Federation (BAF), will be held on Aug 27-28, at the Bangabandhu National Stadium.All District Sports Associations and universities affiliated with the BAF have already been advised to submit their entry by...

Experts favour proper real estate law to protect flat buyers' interests

Jasim Uddin Haroon | 2008-08-04 00:00:00

Experts and a cross section of people have suggested enactment of a law for the real estate sector protecting the interests of flat buyers.The country has no legal provisions to protect the interest of flat buyers who are often cheated...

Citycell Fed Cup draw

2008-08-04 00:00:00

The ceremonial draw for the 16-team final round of the season's curtain raiser football meet, the Federation Cup Football Tournament, was held Sunday afternoon amid huge enthusiasm among football lovers, reports UNB.The first professional league (B League) champions Dhaka Abahani...

Nepal trains workers selected for employment in S Korea

2008-08-04 00:00:00

KATHMANDU, Aug 3 (Xinhua): Nepali government has started providing orientation training to workers who have been chosen in the final selection for employment to South Korea, the National News Agency RSS reported today.The employment promotion system (EPS) section of the...

corporatewatch

2008-08-04 00:00:00

SEC denies Titas Gas applicationThe Securities and Exchange Commission (SEC) has refused to consider the time extension application of Titas Gas for offloading 10 per cent shares of the existing paid-up capital as per Regulation 5 of DSE Direct Listing...

Truth Commission starts functioning

2008-08-04 00:00:00

The much-talked about Truth and Accountability Commission (TAC) started functioning Sunday and released a public notification detailing the Commission's activities and how the corrupt could take the advantage of clemency, reports UNB.According to the notification, the corrupt individuals, intending to...

Kuwait directs firms to give minimum wages to workers

2008-08-04 00:00:00

Bangladeshi workers in Kuwait, who were agitating for due wages, started to return to their work as the situation calmed down following negotiations between Kuwaiti authorities and the Bangladesh embassy, reports UNB.A Foreign Ministry release in Dhaka Sunday said already...

June inflation edges to 7.8pc as budget fails to ignite prices

Shakhawat Hossain | 2008-08-04 00:00:00

Point-to-point inflation in June edged up slightly to 7.8 per cent in June as the caretaker government's mega trillion taka budget failed to ignite the prices, a senior finance ministry official said Sunday.The point-to-point inflation recorded in April and May...

Stampede kills 123 Hindu worshippers in India

2008-08-04 00:00:00

CHANDIGARH, India, Aug 3 (Agencies): At least 123 people, mostly women and children, were crushed to death in a stampede at a temple in northern India Sunday, police said.The devotees were attending a nine-day religious festival in the foothills of...

Govt set to adopt policy for merchant power plants

M Azizur Rahman | 2008-08-04 00:00:00

The government is set to adopt a merchant power plant policy to promote private sector investments and develop public-private partnership in the country's ailing power sector, officials said."Unlike the existing regulations of providing fuel supply and power purchase guarantees to...

Bordeaux reaches out to top-class tourists

2008-08-04 00:00:00

BORDEAUX, France, Aug 3 (AFP): Known for its high-end wines, sumptuous chateaux and aristocrat vineyard-owners, Bordeaux has been strangely short of luxury tourist activities, but times finally are a-changing."Not enough is done at the very top end of the tourist...

Govt-BNP dialogue whenever the party desires: Adviser

2008-08-04 00:00:00

Adviser for Communications, Housing and Public Works Golam Quader said Sunday the objective of the government would be successful if the voters elect honest and qualified candidates in the city corporations and poursobhas, reports BSS."We hope the voters will cast...

Adjust

2008-08-04 00:00:00

WHEN the price of everything rises we are asked to 'adjust'. The price of foodstuff has gone up; the fares of transports, be it a rickshaw, a CNG or a bus, have also gone up. This hardly touches a particular...

Fed to leave rates unchanged amid economic uncertainty

2008-08-04 00:00:00

WASHINGTON, Aug 3 (AFP): A powerful US central bank panel, led by Federal Reserve chairman Ben Bernanke, is widely expected to keep its key interest rate unchanged in the coming week amid growing economic uncertainty.Most economists are betting that the...

Sixth Olympics may not be last: Tomkins

2008-08-04 00:00:00

BEIJING, Aug 3 (AFP): Australia's triple rowing gold medallist James Tomkins, who will compete in his sixth Olympics in Beijing, hinted on Sunday that it may not be his last Games.Dismissing talk of retirement Tomkins, 42, said that he was...

GP to provide business solutions package to Authentex Fashions

FE Report | 2008-08-04 00:00:00

Grameenphone (GP) Ltd has recently signed an agreement with Authentex Fashions Ltd to provide complete communication facilities under its business solutions package to the latter, said a press release.GP Business Solutions is an integrated telecommunications service specially designed for the...

Twelve killed in Baghdad bomb blasts

2008-08-04 00:00:00

BAGHDAD, August 3 (AFP): A series of bomb attacks in Baghdad early Sunday killed 12 people and wounded at least 31, government sources said.In the deadliest attack a small truck parked near the passport office on Magreb Street in the...

GP-BCB Academy team leaves for SA today

2008-08-04 00:00:00

A 14-member GP-BCB National Cricket Academy team will leave Dhaka for South Africa today (Monday) to play twofour-day and three one-day matches, reports UNB.All rounder Suhrawardy Shuvo will lead the Bangladesh Academy team in South Africa on a three-week tour...

Iran expects OPEC to control quotas

2008-08-04 00:00:00

TEHRAN, Aug 3 (AFP): Iran, the number two oil producer in OPEC, expects the cartel to discuss ways of controlling the quotas of member countries at its next meeting in September, the official news agency IRNA said."In case of the...

State University holds seminar

FE Report | 2008-08-04 00:00:00

Computer Science and Engineering (CSE) Department of the State University of Bangladesh (SUB) Saturday organised a seminar on 'potentiality of computer science graduates at home and abroad' on the university premises.CSE Department head of Shahjalal University of Science and Technology...

Elections to 4 city corpns, nine municipalities today

FE Report | 2008-08-04 00:00:00

Elections to four city corporations and nine municipalities will be held today (Monday) with the voters exercising their voting right through photo identity (ID) cards for the first time in Bangladesh, amid tight security measures under the prevailing state of...

Jatrabari Jhotika blank Lalbagh Torun 4-0

2008-08-04 00:00:00

Jatrabari Jhotika Sangsad crushed Lalbagh Torun Sangha by 4-0 goals in a 2nd round match of the Dhaka City Corporation Pioneer Football League at the Bir Shreshtho Shaheed Sepoy Mohammad Mostafa Kamal Stadium at Kamalapur Sunday, reports UNB.Mohammad Pavel scored...

DU reclaims 2.5 acres land, to construct hall

DU Correspondent | 2008-08-04 00:00:00

Dhaka University (DU) Saturday reclaimed its 2.5 acres of land in the eastern part of Fazlul Haq hall for constructing a female students' hall after the land was in usurpation of Bangladesh railway employees and slum dwellers for five years.DU...

Flood-hit S'ganj weavers send an SOS to govt

Our Correspondent | 2008-08-04 00:00:00

SIRAJGANJ, Aug 3: The weaving industry in Sirajganj district is facing closure as the weavers are facing an acute shortage of capital due to two consecutive floods last year.The cash-crisis has already forced thousands of weavers to close down their...

Bangladesh to start bilateral FTA talks with India, SL, Pakistan

FE Report | 2008-08-04 00:00:00

Bangladesh on Sunday decided to start bilateral free trade negotiations with three South Asian countries, shelving the country's long-standing trade policy that favoured multilateral trade deals over bilateralism, officials said.In a radical new shift in the country's trade negotiations, officials...

CCH introduces automation soon

Our Correspondent | 2008-08-04 00:00:00

CHITTAGONG, Aug 3: The much-talked-about automation system at Chittagong Customs House (CCH) is going to be formally launched by the middle of this month.In this connection, an agreement was signed between the CCH and the Chittagong Chamber of Commerce and...