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Bigwigs make beeline for bail

2008-07-22 00:00:00

A host of petitions from high-profile politicians and businessmen facing corruption charges was placed before the High Court (HC) Monday either for bail or quashing the graft cases filed against them by the Anti-corruption Commission (ACC), reports UNB.Court sources said...

Obama visits Iraq, focus on war strategy

2008-07-22 00:00:00

BAGHDAD, July 21 (Reuters): US Democratic presidential candidate Barack Obama flew to Iraq Monday to get a first-hand look at security conditions in the country, where violence is at its lowest since early 2004.His visit thrusts US strategy in Iraq...

India, Pakistan begin new round of peace talks

2008-07-22 00:00:00

NEW DELHI, July 21 (AFP): India and Pakistan on Monday started fresh peace talks despite a bomb attack on India's embassy in Kabul which New Delhi blamed on Pakistan's spy service.Security, release of prisoners and trade will figure in the...

OMS operation in targeted areas from late August

2008-07-22 00:00:00

The government is going to introduce Open Market Sales (OMS) from the third week of August, to offer rice at more affordable prices for the month of Ramadan, reports bdnews24.comFood and disaster management secretary Mollah Wahiduzzaman announced that OMS measures...

US AL demands permanent release of Hasina

2008-07-22 00:00:00

NEW YORK, July 21 (BSS): The USA unit of Bangladesh Awami League (AL) has demanded permanent release of its president and former premier Sheikh Hasina.This demand was voiced at a protest meeting of the unit held here Sunday with organisation...

EU offers to cut farm tariffs by 60pc

2008-07-22 00:00:00

GENEVA, July 21 (AP): The European Union said Monday it would slash farm tariffs by 60 per cent as part of a new global trade pact, a deeper cut than it has ever offered.EU Trade Commissioner Peter Mandelson told reporters...

Russia bullish on Beijing medals outlook

2008-07-22 00:00:00

MOSCOW, July 21(AFP): Confidence is running high among Russia's Olympic athletes that they can win more medals this summer in Beijing than they did four years ago in Athens, the country's top Olympic official has said."It would be very hard...

Nat

2008-07-21 00:00:00

The zonal round of the Spectra Group National Women's Kabaddi Competition, organised by Bangladesh Kabaddi Federation, begins tomorrow (Tuesday) at five separate venues across the country, reports UNB.The venues are Jessore, Faridpur, Jamalpur, Jhenidah and Dhaka.Twenty-three DSAs along with Bangladesh...

Authorities look to cut travel time by Dhaka-Kolkata train

2008-07-21 00:00:00

The railway authorities of Bangladesh and India have agreed to cut travel time by two hours for journey by the Dhaka-Kolkata passenger train Maitree Express by minimising customs and immigration formalities, officials said Sunday, reports bdnews24.com.According to a preliminary agreement...

Frozen food exporters face strict conditions of buyers

Our Correspondent | 2008-07-21 00:00:00

CHITTAGONG, July 20: With the ever increasing export of the frozen shrimps and fishes from the country, terms and conditions on the quality set by the importers are also becoming stricter gradually.This was stated by the Bangladesh Frozen Food Exporters'...

HC directs govt to explain legal basis of emergency

2008-07-21 00:00:00

The High Court Sunday directed the caretaker government to explain why the proclamation of state of emergency and the Emergency Power Ordinance along with its rules should not be declared illegal and contrary to the Constitution, reports bdnews24.com.After a long...

Despite duty cut, prices of some life-saving drugs remain same

Jasim Uddin Haroon | 2008-07-21 00:00:00

Prices of drugs administered for respiratory diseases remained unchanged in the local market despite a significant cut on the import duty of the items.The government reduced the duty on import of life-saving and critical drugs to 7.0 per cent from...

ACC Chairman warns service sector officials against corruption

2008-07-21 00:00:00

DINAJPUR, July 20 (UNB): Anti-corruption Commission (ACC) Chairman Lt Gen (retd) Hasan Mashhud Chowdhury Sunday called upon officials and employees of the service sectors to be vigilant so the country's poor people do not become victims of corruption."To eliminate corruption...

Wheat prices fall in India markets

2008-07-21 00:00:00

NEW DELHI, JUL 20 (PTI): Grains: Wheat prices fell in the national capital during the week under review on increased supplies from producing regions of Haryana and Punjab amid restricted buying support from stockists and rolling flour mills.However, prices of...

BSTI, British High Commission to organise SR Stakeholders' confce

FE Report | 2008-07-21 00:00:00

Bangladesh Standards and Testing Institution (BSTI), in collaboration with the British High Commission in Dhaka, will hold a national Social Responsibility (SR) Stakeholders' Conference at the BSTI conference suite in Tejgaon today (Monday), said a press release.BSTI has already completed...

Pope warns of 'spiritual desert'

2008-07-21 00:00:00

The Pope has urged young people to stay away from the "spiritual desert" he says is spreading across the world, at the end of his trip to Australia, reports BBC.Pope Benedict XVI told a crowd of about 200,000 people at...

Brazil prepared to wait four years for better WTO pact

2008-07-21 00:00:00

GENEVA, July 20 (AFP): Brazil is willing to wait until 2012 in order to secure a better deal on the negotiating table at the World Trade Organisation (WTO), its Foreign Minister Celso Amorim said yesterday.Speaking to journalists in Geneva, where...

Keeping the lifeline unaffected

Shamsul Huq Zahid | 2008-07-21 00:00:00

The country remains indebted to expatriate Bangladeshis. For without the money they send home it would have been really hard for the government to finance the ever-increasing import bills and maintain a reserve enough to meet import requirements for, at...

Korean co to invest $8m in Karnaphuli EPZ

FE Report | 2008-07-21 00:00:00

Korean enterprise Park (Bangladesh) Company Limited will set up a luggage and handbag manufacturing industry in the Karnaphuli Export Processing Zone (EPZ).This 100 per cent foreign-owned company will invest about Tk 560 million in setting up their plant and will...

Taka appreciates against US dollar marginally

FE Report | 2008-07-21 00:00:00

Bangladesh taka (BDT) has appreciated marginally by 0.03 per cent against the US dollar as the inflow of foreign currency increased in the market.The US dollar was quoted at Tk 68.48 -Tk 68.53 in the inter-bank foreign exchange market Sunday...

Reserves in gas fields need to be re-assessed: Tamim

2008-07-21 00:00:00

SYLHET, July 20 (UNB): Chief Adviser's Special Assistant for Power, Energy and Mineral Resources Prof M Tamim Sunday said the reserves in the existing gas fields need a quick and proper reevaluation.'Necessary steps would have to be taken to extract...

New air-conditioned train to be seen on Ctg-Dhaka rail route soon

Our Correspondent | 2008-07-21 00:00:00

CHITTAGONG, July 20: A new air-conditioned train is being launched on Chittagong-Dhaka rail route.Bangladesh Railway (BR) would take a final decision to this effect within a month, concerned sources said.Sources said, the new AC train would be launched on trial...

NAV of 8 ICB mutual funds declared

2008-07-21 00:00:00

Net Asset Value (NAV) of eight Investment Corporation of Bangladesh (ICB) mutual funds was recently declared on the basis of market value of the portfolios.The NAV of eight ICB mutual funds were: Tk 4,474.48 of First ICB Mutual Fund, Tk...

No takers of Rupali stocks

FE Report | 2008-07-21 00:00:00

Share prices at the Dhaka Stock Exchange (DSE) continued to decline for the fifth straight session Sunday amid higher turnover.Trading of the Rupali Bank shares resumed on the day after over eight months but there was no buyer for the...

One killed, 4 injured in wall collapse

2008-07-21 00:00:00

COMILLA, July 20 (UNB): A man was killed and four people were injured in a wall collapse incident at Gayam Bagicha in the district town Sunday.

UBL distributors visit Hindustan Unilever

FE Report | 2008-07-21 00:00:00

A delegation of twelve distributors of Unilever Bangladesh Limited (UBL) recently visited Hindustan Unilever Limited (HUL) -- the Unilever India business.UBL Manager (Customer Development Operations) Kazi Amirul Haq led the delegation, the first of its kind. It was organised so...

Chamara, Gambhir shine in draw

2008-07-21 00:00:00

COLOMBO, July 20 (Cricinfo): India's only chance to acclimatise before the Test series ended in a tame draw with less than three days' play at the Nondescripts Cricket Club in Colombo. Having declared at an overnight 196 for 8, the...

Call rate rises, dollar soft

FE Report | 2008-07-21 00:00:00

The inter-bank call money rate rose Sunday, as withdrawal of fund surpassed the fresh cash injected that put some pressure on liquidity. The US dollar, however, lost ground against Bangladesh taka (BDT) in the inter-bank foreign exchange market mainly due...

TIB chief calls for electing honest and visionary leaders in local polls

2008-07-21 00:00:00

Chairman of Transparency International, Bangladesh (TIB) Prof Muzaffar Ahmed Sunday called upon the people to vote for honest, efficient and visionary leaders who would be able to guide the nation in fulfilling the challenges of the present century, reports BSS."We...

Pakistan coalition leaders to devise anti-terror strategy: Gilani

2008-07-21 00:00:00

ISLAMABAD, July 20 (AFP) - Leaders of Pakistan's ruling coalition will meet in Islamabad next week to devise a comprehensive strategy to root out terrorism and extremism, Prime Minister Yousuf Raza Gilani said late Saturday.Gilani's announcement of the meeting set...