FE Today Logo

Search results for:


S Arabia starts offering 60-day tourist visas

2007-06-10 00:00:00

DUBAI, June 9 (PTI): Saudi Arabia has started issuing group visas, through licenced tour operators, to foreign nationals intending to visit the Kingdom. Tourist visas could be obatined for a maximum period of 60 days. Generally visas are issued in...

British official denies concealing payment to Saudi prince

2007-06-10 00:00:00

LONDON, June 9 (AFP): Britain's top legal officer denied yesterday that he concealed large payments made to a Saudi prince from an international anti-bribery watchdog probing a giant arms deal. The Guardian newspaper alleged that Attorney General Peter Goldsmith knew...

US trade deficit shrinks to $58.5b

2007-06-10 00:00:00

WASHINGTON, June 9 (AFP): The US trade deficit dropped to 58.5 billion dollars in April as Americans slashed spending on imports, including oil, pointing to fresh signs of recovery in the world's biggest economy. However, the gap with China rose...

Pak GDP grows at 7pc during outgoing fiscal year

2007-06-10 00:00:00

ISLAMABAD, June 9 (APP): Pakistan's gross domestic product (GDP) recorded seven per cent growth rate during outgoing fiscal year 2006-07 against the revised estimates of 6.6 per cent in the last financial year. According to the economic survey for 2006-07...

Nepal's forex reserve hits $2.61b

2007-06-10 00:00:00

KATHMANDU, June 9 (Xinhua): Nepal's foreign currency reserve has scaled up to 171.56 billion Nepali rupees (around 2.61 billion US dollars), local newspaper The Kathmandu Post reported today. Remittance stood at 72.39 billion Nepali rupees during the first nine months...

KEPZ in trouble as potential investors turn to other states

2007-06-10 00:00:00

Jasim Uddin Haroon The Korean Export Processing Zone (KEPZ) authority is facing a major setback as the investors, who had pledged to establish industries in the KEPZ, have already diverted their investment proposals to other countries. "We are in real...

KEPZ in trouble as potential investors turn to other states

2007-06-10 00:00:00

Jasim Uddin Haroon The Korean Export Processing Zone (KEPZ) authority is facing a major setback as the investors, who had pledged to establish industries in the KEPZ, have already diverted their investment proposals to other countries. "We are in real...

Changes in duty-slab to hurt local industries: FBCCI

2007-06-10 00:00:00

FE ReportThe Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), the country's apex trade body, has hailed the 2007-08 national budget terming it as a welfare-oriented one."The finance adviser has tried to utilise the country's limited resources to achieve...

EU for early lifting of ban on indoor politics

2007-06-10 00:00:00

The European Union (EU) suggested the Caretaker Government (CG) to go for early lifting of the ban on indoor politics so that the politicians could contribute to the reform of the electoral process, reports UNB."The question of preparation for the...

Deal with Bahrain soon on avoidance of double taxation

2007-06-10 00:00:00

FE ReportBangladesh is set to sign an agreement this month with Bahrain on avoidance of double taxation, aiming to boost the bilateral economic and business relations.The Council of Advisers at its weekly meeting approved Saturday the proposal for ratification of...

Hasina questions budget's constitutional basis

2007-06-10 00:00:00

Awami League President Sheikh Hasina has questioned the constitutional basis of the announcement of new budget by the interim government as she claimed taxation cannot be imposed without approval the by people's elected representatives.Talking to reporters at Sikdar Medical College...

Imports jump by 17.24pc in last 10 months

2007-06-10 00:00:00

FE Report The country's overall imports grew by 17.24 per cent with intermediate goods marking the highest growth at 19.23 per cent during the first 10 months of fiscal 2006-07 over the same period of the previous fiscal. The higher...

14pc hike in subsidies proposed

2007-06-10 00:00:00

FE ReportThe caretaker government (CG) has made provisions for subsidy worth Tk 41.99 billion in the proposed budget for new fiscal, which is 14 per cent higher compared to that of the outgoing fiscal, official sources said.It has proposed to...

Ershad denies taking money to join mega-alliance

2007-06-10 00:00:00

Jatiya Party (JP) Chairman HM Ershad Saturday denied having taken money to join an Awami League (AL)-led 'mega-alliance' in 2006 and dismissed the reports as smear campaign, reports bdnews24.comHe vowed to call it a day on his political career if...

Mufti Hannan charged with grenade attack on UK envoy

2007-06-10 00:00:00

SYLHET, June 09 (bdnews24.com): The police Saturday pressed charges against banned Islamist outfit leader Mufti Hannan and three others for the May 21, 2004 grenade attack on British High Commissioner Anwar Choudhury in Sylhet. Three people died and another 100,...

Immigration deal on verge of collapse

2007-06-10 00:00:00

Alex Barker, FT Syndication ServiceWASHINGTON: A bipartisan compromise on immigration legislation crafted through months of negotiation in Congress appeared on the verge of collapse last Friday after disgruntled members of both parties joined forces to block the bill.The defeat of...

DSE trading expanded further to district level

2007-06-10 00:00:00

FE ReportDhaka Stock Exchange (DSE) has further expanded its stock trading to district level providing more scope for the general investors to enter into the secondary market."We have already expanded our business. More districts will come under our trading network...

BGMEA seeks cash incentives to implement minimum wages

2007-06-10 00:00:00

FE Report The Bangladesh Garment Manufactures and Exporters Association (BGMEA) Saturday said the apparel units might not be able to implement the minimum wages for the workers as the sector is receiving lesser orders over the past few months. The...

Trade bodies, NGOs express mixed reactions

2007-06-10 00:00:00

FE ReportTrade bodies and non-government organisations (NGOs) Saturday separately expressed mixed reaction over the proposed budget for fiscal 2007-08 with a call for lifting import duty on capital machinery."Imposition of duty on import of capital machinery for textile and other...

Agreement with Switzerland on double taxation soon

2007-06-10 00:00:00

Naim-Ul-KarimThe government will soon sign an agreement with Switzerland on avoidance of double taxation and negotiate with 12 more EU countries in this connection, aiming to attract more foreign direct investment (FDI) in the country."We are going to sign an...

Govt looks for donors' funds to set up hydro-power plant in Myanmar

2007-06-10 00:00:00

FHM Humayan KabirThe government is looking for funds for setting up hydro-power plant in Myanmar and the electricity to be produced there will be brought to the country to cope with the growing demand.A three-member Bangladesh delegation, led by power...

Russia wants freeze on US missile plan

2007-06-10 00:00:00

MOSCOW, June 9 (AP): Russia's foreign minister urged the United States on Saturday to freeze plans for missile defense installations in eastern Europe during negotiations and warned that the proposal intended to serve as a buffer against Iran could backfire.Russian...

US businesses urged to invest in EPZs

2007-06-10 00:00:00

Executive Chairman of Bangladesh Export Processing Zone Authority (BEPZA) Abdullah Yusuf urged the US entrepreneurs to invest in the Export Processing Zones (EPZ) of Bangladesh, reports UNB.The BEPZA chairman made the call while addressing a seminar at Bangladesh Embassy in...

Thrust on speedy implementation of power generation projects

2007-06-10 00:00:00

Doulot Akter MalaExperts stressed the need for increasing monitoring and proper leadership to enhance efficiency in the power sector for materialisation of objectives over the coming years.They claimed that there was sufficient flow of funds in this sector, but due...

Two shot in city

2007-06-10 00:00:00

A businessman and a security guard were critically injured as miscreants shot them for toll in the city's Kafrul and Pallabi areas Saturday morning. The injured were identified as Aftabuddin (50), a businessman, and Sankar Roy, a security guard. Witnesses...

Sex-worker dies of AIDS in Khulna

2007-06-10 00:00:00

A sex-worker died of AIDS at Baniashanta in Dakop Upazila under Khulna Friday evening. According to the doctors, Maruua (32), had long been in a brothel at Mumbai in India. When tested HIV positive she was pushed to Bangladesh in...

Notice served on 25 Barisal newspapers

2007-06-10 00:00:00

BARISAL, June 9: Publishers of 25 dailies and periodicals of Barisal were served notice to explain why permission of their publications should not be cancelled. ADC of the judicial section issued the notice Thursday asking to explain within ten days....

Batting feast as Asia XI pile 337

2007-06-10 00:00:00

The bat dominated the ball for the second game running as Asia XI, boosted by half centuries from three of their top-order batsmen, piled up 337 for 7 at the end of their 50 overs. Virender Sehwag laid the foundation...

Eng on way to make big lead against WI

2007-06-10 00:00:00

England were on the way to make a big lead against West Indies at Old Trafford Saturday with Alastair Cook approaching his second half-century of the match, reports Cricinfo. Michael Vaughan was the lone casualty, again falling with a large...

Federer-Nadal clash of class today

2007-06-10 00:00:00

PARIS, June 9(AFP) : Roger Federer will not be distracted by his place in history when he faces double French Open champion Rafael Nadal in what could be a classic Roland Garros title showdown Sunday. If Federer wins a first...