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Soaring gas prices forcing lifestyle changes across US

2008-06-27 00:00:00

LOS ANGELES, June 26 (AFP): Trains are bustling, scooter sales are booming and manual lawn-mowers are back in vogue. But charities are grimly facing up to a drop in volunteer workers while some cash-strapped families are cutting expenditure on fresh...

Jabber takes charge after Ekbal quits as BASIC Bank MD

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

BASIC Bank Limited Managing Director AH Ekbal Hossain submitted his resignation from contractual employment of the bank on personal grounds Monday last.His resignation was accepted by the board of directors at its 222nd meeting held on the same day.Subsequently, the...

Saving manpower export market

2008-06-27 00:00:00

ONCE more, the Bangladeshi nationals have lost the free movement facility to another foreign country. The South Korean government recently halted the visa-free visit facility for Bangladeshi citizens for 90 days, following reports of overstay in that country. The Bangladeshis...

Biman inks deal with Boeing for two aircraft

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

Biman Bangladesh Airlines has ordered two Boeing Next-Generation 737-800s worth between $140 million and $158 million, the Chicago-based Boeing Co. said in an announcement Wednesday.The national flag career has also purchased rights for another pair of 737s, according an agreement...

Kiwis take controversial last-ball thriller

2008-06-27 00:00:00

On a day that ebbed and flowed dramatically, New Zealand held their nerve to squeeze a tense one-wicket win at The Oval, to sneak a 2-1 lead going into the weekend's series decider at Lord's. Like England earlier in the...

MTB conducts training on anti money laundering

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

A day long training programme on Anti Money Laundering was held at Mutual Trust Bank (MTB) Training Institute recently.A total of 42 participants from all branches and the head office of the bank took part in the training session. MTB...

CG creating pre-1/11 situation by holding local polls: Khaleda

2008-06-27 00:00:00

Detained former prime minister and BNP chief Khaleda Zia Thursday said that her party would provide "all cooperation" to the caretaker government (CG), if it works towards holding the parliamentary election ahead of all other polls, report UNB and bdnews24.com.The...

Group insurance made mandatory in RMG units

Our Correspondent | 2008-06-26 00:00:00

CHITTAGONG, June 25: For the welfare of workers in the ready made garment (RMG) industries, Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has made group insurance scheme mandatory in all RMG units.In case of accidental or natural death of any...

Abahani plays Pak WAPDA in last group match today

2008-06-26 00:00:00

Bangladesh champions Abahani limited will play Pakistan WAPDA today (Thursday) in their last group match of the AFC President's Cup Football at the MPPJ Stadium in Kuala Lumpur, reports UNB.Bangladesh's professional league (B League) champions Abahani, which made their early...

Dhaka stocks down on profit-taking

FE Report | 2008-06-26 00:00:00

Dhaka stocks inched down Wednesday on profit taking, with increase in the turnover.Trading on the Dhaka Stock Exchange (DSE), however, was in the positive territory for the first twenty minutes, pushing the key index up more than 24 points. Later,...

Flood situation improves in Nilphamari

2008-06-26 00:00:00

The flood situation along the low-lying areas and 'char' lands in Nilphamari has improved as the Teesta now flows below its danger level after fall of its water level by 19cm Wednesday, reports BSS.The river in the morning was flowing...

Nitol Insurance approves 10pc dividend

FE Report | 2008-06-26 00:00:00

Nitol Insurance Company Limited has approved 10 per cent dividend for its shareholders for the year 2007.The approval was given in the ninth annual general meeting (AGM) of Nitol Insurance Company Limited at National Shooting Federation auditorium at Gulshan in...

ONE Bank approves 25pc stock dividend

FE Report | 2008-06-26 00:00:00

ONE Bank Limited approved 25 per cent stock dividend for its shareholders for the year that ended on December 31, 2007.The approval came at the ninth annual general meeting (AGM) of the bank at the Officers' Club in the city...

Matin clarifies statement on NCC

2008-06-26 00:00:00

Home adviser MA Matin Wednesday clarified a statement that he made the previous day on the National Coordination Committee (NCC), reports bdnews24.com.The NCC that works to check serious crimes has no legal validity for taking up new cases, said Matin,...

Pakistan equities surge after new rules

2008-06-26 00:00:00

Andrew Wood, FT Syndication ServiceHONG KONG: Shares in Pakistan surged by the most in six years last Tuesday as the Karachi Stock Exchange banned short selling for a month, tightened the limits on how far shares can fall in a...

Consumer confidence in India declines to lowest level in five years

2008-06-26 00:00:00

NEW DELHI, June 25 (PTI): Indian consumers' spending power might have been adversely impacted by soaring inflation and surging crude prices but they still remain among the most confident in the world, says a survey.The latest online survey conducted by...

DU announces largest budget

DU Correspondent | 2008-06-26 00:00:00

Dhaka University (DU) Wednesday announced the largest budget of Tk 1.64 billion in its history for the fiscal 2008-09 with a deficit of Tk 120 million.DU Treasurer Syed Abul Kalam Azad placed the budget on the first day of the...

Tarique seeks exemption from appearing in court during trial proceedings

2008-06-26 00:00:00

A special court set June 29 for hearing on an application filed Wednesday by detained BNP leader Tarique Rahman, who is facing a bribery case, for exempting him from appearing in the court during the trial proceedings on health grounds,...

Larijani warns West not to provoke Iran

2008-06-26 00:00:00

TEHERAN, June 25 (Agencies): Iran's Majlis (parliament) Speaker Ali Larijani said Wednesday the West should seriously heed IAEA chief Mohamed ElBaradei's warnings and prevent provoking Iran, the Press TV satellite channel reported."There is little chance for interaction. You have reached...

e-procurement system to bring transparency in using public funds soon

2008-06-26 00:00:00

Special Assistant to the Chief Adviser for Power, Energy and Mineral Resources Dr M Tamim has said the government would set up an e-procurement system to bring transparency and reduce corruption in handling public funds, reports BSS."We will establish the...

Quick disposal of tax-related disputes suffers setback

S M Jahangir | 2008-06-26 00:00:00

The government's current move to ensure quick disposal of tax-related cases faces a setback as the new bench set up for hearing on the disputes remains non-functional for months mainly in absence of manpower."Although the government set up a new...

Label export earns $500m in 2007

FE Report | 2008-06-26 00:00:00

The label-manufacturing sector of the country has an investment of Tk 50 billion involving about 40,000 persons and the total volume of export amounted to $ 500 million in 2007 with an annual growth rate of about 20 per cent.This...

Experts suggest use of waste plastic in road construction

FE Report | 2008-06-26 00:00:00

Country could save an estimated Tk 15.0 billion annually through the use of blended waste plastic in road construction. Such use of the material could also minimise environmental hazards caused by the non-biogradable item, experts said.Using waste plastic for improving...

US presidential campaign 2008

Dr. Abdul Ruff Colachal | 2008-06-26 00:00:00

IN the background of the long, historic US-led terror wars in Afghanistan and Iraq killing thousands of innocent Muslims since the Sept 11 event, the US is undergoing a long poll campaign season to elect a new president to take...

City Centre safe for use: Probe body

FE Report | 2008-06-26 00:00:00

An enquiry committee has declared the under-construction 37-storey City Centre in Motijheel safe for use and recommended restart in construction of the high-rise that had developed several cracks on its brick walls.The 5-member committee led by Zoynul Abedin, a professor...

Bangladesh Express opens new service centre in city

FE Report | 2008-06-26 00:00:00

Bangladesh Express Company Limited, licensee of Federal Express -- a subsidiary of FedEx Corporation -- opened a new world service centre at Baridhara DOHS in the city recently.Bangladesh Express Company Limited Chairman Mumtaz Ahmed inaugurated the new express centre.Bangladesh Express...

Country's largest chemical plant to be launched in August

Jasim Uddin Haroon | 2008-06-26 00:00:00

The country's largest chemical plant will be commissioned in August next, which will produce a number of import-substitute products for local industries, particularly the textile, company officials said Wednesday.Chittagong-based Aziz Group and CBN have set up the plant jointly at...

Meghna Petroleum approves 20pc dividend

Our Correspondent | 2008-06-26 00:00:00

CHITTAGONG, June 25: Meghna Petroleum Ltd in its 29th annual general meeting (AGM) held Saturday approved 20 per cent dividend for 2006-2007 fiscal.The AGM was held at a local community centre with Chairman of the company board of directors Anwarul...

EU holds first convocation

FE Report | 2008-06-26 00:00:00

The first convocation of Eastern University (EU) was held at Bangladesh China Friendship Conference Centre in the city Wednesday.Rasheda K Chowdhury, adviser for the Ministry of Cultural Affairs, was the chief guest on the occasion while Prof Sirajul Islam Chowdhury...

Rationalising the refixation of bus-fare

2008-06-26 00:00:00

THE editorial titled 'Anarchy in transport sector' that appeared in The Financial Express on its June 22, '08 issue has befittingly noted the present status of transport sector in Bangladesh. In this respect I would like to note something about...