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Opportunity given to legalise untaxed income, not black money: NBR

2007-06-13 00:00:00

Doulot Akter MalaThe National Board of Revenue (NBR) has clarified its stand relating to legalisation of untaxed money saying the provision is not meant for black money."It is not a blanket unconditional move to legalise the illegally earned money. The...

Axe hangs over MPO of 248 edn institutions

2007-06-13 00:00:00

DU CorrespondentThe Education Ministry will suspend the monthly pay order (MPO) of about 248 educational institutions going nil in the Secondary School Certificate (SSC) and equivalent examinations this year.'We'll suspend the MPO for teacher-staff salary from the government coffer of...

Weeping Babar ordered 30-day detention

2007-06-13 00:00:00

Former state minister for home affairs Lutfozzaman Babar broke down in the dock when magistrate Quamrunnahar Tuesday ordered him to the central jail on a 30 day detention after rejecting his bail petition, reports UNB.An iron man who was once...

PC to send yet another letter to Saudi bidder

2007-06-13 00:00:00

Refayet Ullah MirdhaThe Privatisation Commission (PC) will be sending yet another letter to Saudi prince Bandar Bin Mohammad Bin Abdulrahman Al Saud soon requesting him to strike a final deal and take over the ownership of the Rupali Bank.According to...

CA for alternative mkt channel to ensure price stability

2007-06-13 00:00:00

Chief Adviser (CA) Fakhruddin Ahmed Tuesday said his government has taken short-mid and long-term steps and policies to keep the prices of essential commodities stable, by streamlining the wayward market, reports UNB.He expressed the hope that the proposed budgetary measures...

Flood damages dam, inundates 30 villages in Comilla district

2007-06-13 00:00:00

COMILLA, June 12 (UNB): Around 30 villages in two upazilas of the district were inundated Tuesday as water rolling down from hills damaged an embankment along the Kankri river.Locals said the embankment suffered damages at seven points in Ujirpur union...

Butenis urges govt to lift ban on indoor politics

2007-06-13 00:00:00

US Ambassador Patricia Butenis has urged the caretaker government to lift the ban on indoor politics so parties could contribute to the electoral reforms, reports UNB"Longer the ban is kept in place, the more difficult it would be to enact...

WaterAid urges govt to tell donors to write off debt, interest

2007-06-13 00:00:00

FE Report The UK-based WaterAid Bangladesh, working in the country since 1986 to improve hygienic behaviour and access to water supply and sanitation (WSS), Tuesday urged the government to approach the donor agencies for writing off debt and interest for...

DSE stocks keep falling on selling pressure

2007-06-13 00:00:00

FE ReportThe price indices on Dhaka Stock Exchange (DSE) fell for the third consecutive day Tuesday due to selling pressure as well as primary offer worth Tk 1.075 billion of four companies in a row.The inclement weather also affected the...

Tarique gets division in jail

2007-06-13 00:00:00

Detained Tarique Rahman, eldest son of BNP chairperson Khaleda Zia, was provided division in Dhaka central jail Tuesday, reports UNB.DIG (Prison) Major Shamsul Haider said Tarique who had been staying in jail as an ordinary prisoner since his arrest in...

Sugar price declines in city after market monitoring

2007-06-13 00:00:00

FE Report The retail price of sugar declined in the city markets due to intense market monitoring by different government agencies. A kg of sugar was sold at Tk 29 Tuesday compared to Tk 31-Tk 33 of just Monday last...

Call rate steady, dollar eases

2007-06-13 00:00:00

FE ReportThe inter-bank call money rate remained steady Tuesday despite higher demand for and withdrawal of cash through reverse repurchase agreement (repo) and bonds, fund managers said. The rate fluctuated between 8.00 per cent and 12.50 per cent maintaining the...

Envoys to France, Bahrain named

2007-06-13 00:00:00

Bangladesh Ambassador to Bahrain M Ruhul Amin has been appointed Ambassador to France, and Additional Foreign Secretary MAK Mahmood has been appointed Bangladesh Ambassador to Bahrain, said official announcements Tuesday. — UNB

Myanmar pharmaceutical imports increase

2007-06-12 00:00:00

YANGON, June 11 (Xinhua): Myanmar imported pharmaceutical products valued at 100 million U.S. dollars in 2006-07 which ended in March, an increase by 25 per cent from 2005-06 when it was 80 million dollars, a local media reported today. These...

Shanghai Gold Exchange to enrol foreign bank members

2007-06-12 00:00:00

BEIJING, June 11 (CEIS): China's central bank said recently that it had agreed in principle that foreign banks operating in China could be enrolled as members of the Shanghai Gold Exchange (SGE) in a move that, industry analysts say, marks...

New drive to give Indian computer nerds social skills

2007-06-12 00:00:00

BANGALORE, India, June 11 (AFP): Finishing schools have come to India to groom geeky job-seeking software engineers in workplace etiquette as the country's booming information technology sector cries out for urbane talent. The first such institution opened last week in...

Iran to build five new refineries across Asia

2007-06-12 00:00:00

KUALA LUMPUR, June 11 (AFP): Oil-rich Iran today announced it will help build five new refineries across Asia with a total capacity of 1.1 million barrels per day in a bid to strengthen ties in the region. "Iran has finalised...

China, Egyptto strengthen cooperation in medical field

2007-06-12 00:00:00

CAIRO, June 11 (CEIS): China was taking efforts to further strengthen bilateral cooperation with Egypt in the health domain, a visiting Chinese health official said here yesterday. During talks with Egyptian vice Health Minister Nasser Rasmi, Huang Jiefu, Vice-Minister of...

Air Arabia starts twice-weekly flights to Ctg from June 18

2007-06-12 00:00:00

FE Report Air Arabia, the first low-cost carrier in the Middle East and North Africa, announced Sunday that it would begin twice-weekly flights between Sharjah, United Arab Emirates (UAE), and Chittagong, Bangladesh, starting on June 18. Kyle Haywood, commercial director,...

Sonali Bank's 117 branches automated

2007-06-12 00:00:00

FE ReportAs a part of Sonali Bank's ongoing automation process, its 117 branches are presently rendering computerised banking services, 460 branches are within process of computerisation under three-year planning (2006-08), and 45 branches have been selected for providing online banking...

National Tea approves 20pc dividend

2007-06-12 00:00:00

FE ReportNational Tea Company Limited (NTCL) has approved a dividend of Tk 20.00 per share of Tk 100.00 for its shareholders for the year 2006.The dividend was approved in the company's 29th annual general meeting (AGM) held in the city...

Prime Bank Foundation provides support for poor cataract patients

2007-06-12 00:00:00

FE ReportApart from commercial banking operation, Prime Bank Limited through its Prime Bank Foundation is simultaneously playing a pivotal role in society as part of its corporate social responsibilities. The Prime Bank Foundation aims to contribute in creating an opportunity...

Launching ceremony of Entity Wide Audit held

2007-06-12 00:00:00

Entity Wide Audit developed by the office of the Comptroller and Auditor General under Financial Management Reforms Programme funded by DFID has been formally inaugurated by Finance Adviser AB Mirza Md. Azizul Islam at the newly constructed office building, Audit...

Call to develop skill in import, export, remittance activities

2007-06-12 00:00:00

FE Report Officials of the Islami Bank Bangladesh Limited (IBBL) have been urged to develop proficiency in import, export and remittance activities.IBBL Deputy Executive President and International Banking Wing chief Mohammad Abdul Mannan made the call while delivering his presidential...

EXIM Bank signs CBS software deal with Swiss co

2007-06-12 00:00:00

FE ReportExport Import Bank of Bangladesh Limited (Exim Bank) recently signed an agreement with Switzerland-based Temenos for implementing its core banking solution (CBS) T24 software in the bank. Former managing director of Exim Bank Mohammed Lakiotullah and Temenos Business Development...

Mansur new SEC member

2007-06-12 00:00:00

FE ReportThe government has appointed Mansur Alam a member of the Securities and Exchange Commission (SEC) for a three-year term.Alam earlier served as executive director of the SEC since November 19,1997, said a notification of the establishment ministry of the...

Price-hike of materials hampers construction works in Rangpur

2007-06-12 00:00:00

Our CorrespondentRANGPUR, June 11: The prices of various construction materials have been increasing in Rangpur for the last couple of months, hampering house building and other development works in the district, sources said.According to the sources, two months ago 10-ms...

Asian stocks jump on Japan's growth

2007-06-12 00:00:00

TOKYO, June 11 (Bloomberg) -- Asian stocks gained for the first time in three days after Japan raised its first-quarter growth estimate for the region's biggest economy. Mitsubishi UFJ Financial Group Inc., Japan's largest bank, climbed on expectations stronger growth...

BRDB disburses Tk 3.732m among destitute women

2007-06-12 00:00:00

BARGUNA, June 11 (BSS): Bangladesh Rural Development Board (BRDB) disbursed Tk 3.732 million (37.32 lakh) as loan among 1200 destitute women in the district under its ongoing 'Samunnito Daridra Bimochan Karmashuchi' for the current fiscal year. The BRDB has been...

European stocks advance

2007-06-12 00:00:00

LONDON, June 11 (Bloomberg): European stocks rose for the first time in six days as renewed takeover speculation lifted mining and steel companies. BHP Billiton Ltd. led mining companies higher after UBS AG said mergers in the industry ``will continue...