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Arraignment hearing in Niko scam case against Khaleda deferred to July 7

2008-06-27 00:00:00

A special court failed Thursday to open the prosecution case for proposing charge against detained former Prime Minister Khaleda Zia and 10 others in the Niko gas-deal scam case as the defence counsel threatened to walk out, reports UNB.As the...

59 Tigers, Lankan troops killed in two days of fighting

2008-06-27 00:00:00

COLOMBO, June 26 (AFP): At least 59 Tamil Tiger rebels and government soldiers have been killed in the latest fighting in Sri Lanka's north, the defence ministry said Thursday.Heavy fighting since Tuesday left 57 Tiger guerrillas and two soldiers killed...

Malaysia puts extra $9.21b into dev plan

2008-06-27 00:00:00

KUALA LUMPUR, June 26 (AFP): Malaysia said today it will spend another 9.21 billion dollars on its five-year development plan, to cover the costs of inflation, rural projects and increased food production.Officials also said some high-profile infrastructure projects would be...

Need to deactivate the drug mafia

2008-06-27 00:00:00

THE figures stated by the director general of the Department of Narcotics Control (DNC) on the occasion of the International Day Against Drug Abuse on Thursday, gives insight into the fearful conditions of the spread of drug addiction and related...

HeidelbergCement AGM approves 25pc cash dividend

FE Report | 2008-06-27 00:00:00

HeidelbergCement Bangladesh Ltd approved 25 per cent cash dividend for its shareholders for the year 2007.This was approved at the 19th annual general meeting (AGM) of the company held in the city Wednesday, said a press release.Heidelbergcement Managing Director Jean-Claude...

Malik, Younis lead Pakistan to 299

2008-06-27 00:00:00

Pakistan approached the task of setting India a formidable target methodically: their openers - Shoaib Malik and Salman Butt - played cautiously at the start, guarded against the loss of early wickets, and accelerated once the new-ball had been seen...

Dollar stable in Asia after Fed meeting

2008-06-27 00:00:00

TOKYO, June 26 (AFP): The dollar was rangebound in Asian trade today after the Federal Reserve held interest rates steady and gave no sign it is preparing to raise them in the immediate future, dealers said.The euro struck a record...

Preparations afoot for making tomorrow's regional dialogues in Ctg

2008-06-27 00:00:00

CHITTAGONG, June 26 (BSS): Preparations are afoot for making two regional dialogues successful in Chittagong city and Chondonaish Upazila in the district Saturday.First dialogue for two and a half hours will start at the auditorium of Kashem Mahbub High School...

Dhaka keen to resolve pending issues with Myanmar thru' dialogue

2008-06-27 00:00:00

Chief Adviser Dr Fakhruddin Ahmed Thursday said Bangladesh would like to resolve any pending issue with Myanmar through discussion, particularly stating that the issues of repatriation of the Rohingya refugees and maritime border demarcation could be amicably solved through talks.The...

CCC announces Tk 6.22b budget without new tax

2008-06-27 00:00:00

CHITTAGONG, June 26 (UNB): The Chittagong City Corporation (CCC) Thursday rolled out a Tk 6.22 billion (622.06 crore) budget for 2008-2009 fiscal year but decided not to impose any new tax.Acting CCC Mayor M Manjur Alam also approved a revised...

US to triple non-security aid to Pakistan in new strategy

2008-06-27 00:00:00

WASHINGTON, June 26 (AFP): The United States (US) is considering a new aid strategy for Pakistan that will triple unconditional non-security aid to US$ 1.5 billion annually but tie security funding to counterrorism performance, lawmakers said.In coming weeks, bipartisan legislation...

PSI co filed suit against inviting fresh bidding

2008-06-27 00:00:00

The Assistant judge's court of Dhaka Friday issued show cause notice upon the finance secretary, Chittagong Port authority and Asian Development Bank to explain in seven days why invitation of bids for selection of pre-shipment inspection agent should not be...

Record 72.18pc pass SSC, equivalent exams

DU Correspondent | 2008-06-27 00:00:00

Results of the Secondary School Certificate (SSC), Dakhil and SSC Vocational examinations were published Thursday with a pass percentage of 72.18 and 52,500 GPA-5 scorers.This is a record in terms of both pass percentage and obtaining GPA-5 since the Grade...

Indian growth prospects 'positive' despite rate hike

2008-06-27 00:00:00

MUMBAI, June 26 (AFP): Indian government said yesterday the country's economic growth outlook was "positive" despite a fresh round of monetary tightening by the central bank to tackle high inflation.But economists said the Reserve Bank of India (RBI) can be...

Tourism sector to be on the right track

2008-06-27 00:00:00

This is a matter of great pleasure the present caretaker government has taken a move to set up a National Tourism Authority by July, 2008. We saw the previous government's failure to take necessary measures to develop the tourism sector...

Syndicates of DO traders raise wheat price thru' manipulation

Our Correspondent | 2008-06-27 00:00:00

CHITTAGONG, June 26: As the delivery order (DO) traders' syndicates have become active again the price of the wheat, within a gap of a day or two, has increased even by Taka 50 to Tk 150 per maund, concerned sources...

WTO calls meeting on impasse

Alan Beattie | 2008-06-27 00:00:00

The head of the World Trade Organisation has called a meeting of ministers for late July in a high-risk attempt to rescue the beleaguered Doha round of global trade talks.Pascal Lamy, director-general of the WTO, last Wednesday told ambassadors in...

Iajuddin recuperating

2008-06-27 00:00:00

Health condition of President Iajuddin Ahmed, now undergoing treatment at the Combined Military Hospital (CMH) in the city, further improved Thursday, Bangabhaban officials said, reports UNB.Speaker Barrister Zamir Uddin Sircar, Navy Chief Vice-Admiral Sarwar Zahan Nizam, Air Chief Air Marshal...

Jainal Abedin new Krishi Bank DMD

2008-06-27 00:00:00

Md Jainal Abedin has recently joined Bangladesh Krishi Bank (BKB) as deputy managing director (DMD).Prior to his present assignment, he was the DMD of Rupali Bank Limited.He started his banking career as Class-I Probationary Officer of the BKB in 1977.In...

ECB head dampens speculation about multiple rate hikes

2008-06-27 00:00:00

BRUSSELS, June 26 (AFP): European Central Bank (ECB) head Jean-Claude Trichet distanced himself yesterday from suggestions of a series of interest rate rises in the Eurozone ahead of an expected 25-basis-point hike next month."I did not say that we would...

30 billion dollars a year needed to fight world hunger: FAO

2008-06-27 00:00:00

VIENNA, June 26 (AFP): The UN's Food and Agriculture Organisation (FAO) yesterday said 30 billion dollars (19 billion euros) will be needed every year until 2050 to stave off world hunger, this year exacerbated by a food crisis.Speaking to the...

India thrash sorry Hong Kong

2008-06-27 00:00:00

Mahendra Singh Dhoni and his team marked the 25th anniversary of India's World Cup triumph with an emphatic 256-run win over Hong Kong in Karachi to begin their Asia Cup campaign in style, according to website cricinfo.Scoreboard:India 374 for 4...

MA Awal new chairman of NSU Foundation

FE Report | 2008-06-27 00:00:00

MA Awal, a founder life member of the North South University Foundation that established the North South University (NSU), has been unanimously elected chairman of the foundation and the university for 2008-2009 term at its 16th annual general meeting held...

AL central leaders yet to decide on local body polls

2008-06-27 00:00:00

Awami League (AL) has yet not reached any final decision on whether it will participate in the four city corporation and nine municipal elections scheduled to be held on August 4, a senior party leader said, reports bdnews24.com.A meeting of...

Forex reserve crosses $6 billion mark again

Siddique Islam | 2008-06-27 00:00:00

The country's foreign exchange reserve crossed the US$6.0 billion mark once again Thursday thanks to disbursement of soft loans by multilateral donor agencies and a robust growth in remittance."We have been able to cross the six billion dollar mark for...

Steady progress of rice procurement in Nilphamari

Our Correspondent | 2008-06-27 00:00:00

NILPHAMARI, June 26: Government procurement of rice and paddy is progressing steadily in Nilphamari district.Sources said this year's target of rice procurement in the district in the Boro season session has been fixed at 27000 tonnes. So far district food...

UCBL holds anti money laundering workshop

Our Correspondent | 2008-06-27 00:00:00

RAJSHAHI, June 26: United Commercial Bank Limited (UCBL) organised a training workshop on 'Resistance of Money Laundering' for the officials of the local branches of scheduled banks at a local hotel in Chapainawabganj recently.UCBL Executive Vice President Ruhul Amin presided...

Japanese co to build Tk 200b marine drive, river side road in Ctg

Our Correspondent | 2008-06-27 00:00:00

CHITTAGONG, June 26: A Japanese engineering company has shown keen interest in investing Tk 200 billion to construct a marine drive and a riverside road in Chittagong.The company will construct a 12.5-kilometre long marine drive road comprising four lanes from...

Mugabe will be shunned: Opposition leader

2008-06-27 00:00:00

HARARE, June 26 (Reuters): Zimbabwean opposition leader Morgan Tsvangirai said Thursday there could be no negotiations with President Robert Mugabe if he went ahead with a one-man election Friday.Tsvangirai said if Mugabe declared himself president and extended his 28 years...

Tamim, SEC chief warn against any 'unbridled growth' of stock market

FE Report | 2008-06-27 00:00:00

Trading of Titas Gas will begin on Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) July 2 under Direct Listing Regulations.Titas Gas will be the largest company in the stock market with offloading the highest number of shares worth...