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Arambagh abase Ctg Abahani

2007-06-07 00:00:00

CHITTAGONG, Jun 6 (UNB): Arambagh KS beat Chittagong Abahani by 3-0 goals in the day's lone return league match of the B. League at the MA Aziz Stadium here Wednesday.With this result, Arambagh KS improved their position in the league...

MSC take on Muktis today

2007-06-07 00:00:00

Title contenders Mohammedan SC and Muktijoddha Sangsad KC face in a  return league match of the first-ever Professional Football League (B. League) at the Bangabandhu National Stadium today (Thursday).The match kicks-off at 4:30 pm, reports UNB.Earlier, in the first phase,...

MSC take on Muktis today

2007-06-07 00:00:00

Title contenders Mohammedan SC and Muktijoddha Sangsad KC face in a  return league match of the first-ever Professional Football League (B. League) at the Bangabandhu National Stadium today (Thursday).The match kicks-off at 4:30 pm, reports UNB.Earlier, in the first phase,...

Asia oust Africa in Twenty20

2007-06-07 00:00:00

It was bound to happen. An inexperienced bunch of Africans could only muster a below-par 109 for 8 and the Asians reached the target with four overs to spare. The Asian bowling was disciplined and the fielding, despite a lack...

National budget today

2007-06-07 00:00:00

FE ReportThe caretaker government announces national budget for fiscal 2007-08  today (Thursday), which is expected to highlight realistic economic projections and envisage expansion of the social safety net, sources said.Finance and planning adviser Mirza Azizul Islam, who will announce the...

Customs duty on lentils, edible oils may go

2007-06-07 00:00:00

FE ReportThe existing 5.0 per cent customs duty on lentils, crude de-gummed soyabean and crude palm olein is likely to be waived in the national budget for the fiscal 2007-08.Adviser for Finance and Commerce Mirza Azizul Islam is scheduled to...

Give institutional shape to all reforms, CA asks DCs

2007-06-07 00:00:00

  Chief Adviser Fakhruddin Ahmed Wednesday asked the top district officials to make efforts to give  institutional shape to all reforms and positive outcomes of the present caretaker government to halt return to previous unstable situation in the country, report...

Are frequent power tariff hikes justified?

2007-06-07 00:00:00

  Shahiduzzaman KhanThe government is contemplating raising the power tariff again. The cabinet committee on economic affairs, in its latest meeting this week, postponed a hike in power tariff. According to report published in the FE this week, the finance...

SCB keen to help prepare country's credit rating

2007-06-07 00:00:00

  Siddique Islam Standard Chartered Bank (SCB) has expressed its willingness to provide support for preparation of the country's credit rating."With SCB's heritage in Bangladesh market and experience in working with the rating agencies, it can contribute to the credit...

Police open probe against Khaleda, 27 others

2007-06-07 00:00:00

  Police have opened an investigation into the case against Khaleda Zia and others on their alleged links to the August 21, 2004 grenade attack on an Awami League rally that left 24 people dead. Cox's Bazar Awami League worker...

2 of 21 corruption suspects submit wealth statements

2007-06-07 00:00:00

  Two of the 21 corruption suspects, who were  earlier served with notices by the Anti-Corruption Commission (ACC) for submission of their wealth statements, submitted their wealth accounts Wednesday, reports UNB.Former Awami League MP and Sheikh Hasina's cousin Sheikh Helal...

Advisory Council approves new budget

2007-06-07 00:00:00

  The caretaker government Wednesday  approved the proposed national budget for 2007-08 fiscal to be  announced today. A meeting of the council of advisers, with Chief Adviser Dr  Fakhruddin Ahmed in the chair, approved the budget after discussion  on it...

Six killed as two buses collide at Savar

2007-06-07 00:00:00

  SAVAR: At least six people were killed and 30 injured as two passenger buses collided near BPATC here on Wednesday evening.  Witnesses said a Dhaka-bound bus from Bogra and a Manikganj-bound bus  from Dhaka crashed into each other about...

DFID requested to rewrite graft, communal harmony situation

2007-06-07 00:00:00

FE Report Bangladesh has asked the United Kingdom (UK) to 'rethink' the way the British government looks at the country's graft in view of the current initiatives to crack down on corruption.     The government has urged the Department for International...

ERD wants WB funds for setting up 2 power plants

2007-06-07 00:00:00

  FHM Humayan KabirThe Economic Relations Division (ERD) has sought funds from the World Bank for setting up two new power plants with a combined capacity of 250 megawatt (MW) at Haripur and Khulna.An ERD official told the FE: "We...

Overall trend of opening LCs rises by 16.93pc in May

2007-06-07 00:00:00

  FE Report The overall trend of opening of fresh letters of credit (LCs) against imports increased by 16.93 per cent in May last compared to that of the corresponding period of the previous year, official sources said. Both opening...

DSE stocks bounce back FE Report

2007-06-07 00:00:00

  Stocks bounced back on the Dhaka Stock Exchange (DSE) Wednesday though the turnover declined.Power sector issues- DESCO, Power Grid and Summit Power- and most of the banking sector issues gained on the day.The total turnover declined to Tk 1.571...

Impact of inflation being felt worldwide: WSJ

2007-06-07 00:00:00

  From  Fazle RashidNEW YORK, June 6: Cheap labour from China, India, Eastern Europe and Bangladesh immensely helped the rapid growth of economic development worldwide without the sting of inflation. The situation is reversing. The impact of inflation is being...

Weak yen lifts export drive

2007-06-07 00:00:00

  David Pilling, FT Syndication ServiceTOKYO: In 1985, Japan was considered so menacing an exporter that the US ganged up with West Germany, the UK and France to force a revaluation of the yen. Two years after Tokyo was roughed...

Bush, Merkel vow G8 action to fight poverty, disagree on climate

2007-06-07 00:00:00

  HEILIGENDAMM, June 06 (Agencies) : Leaders from the world's key industrialised nations will vow joint action to fight poverty and HIV/AIDs, US President George W Bush and German Chancellor Angela Merkel said Wednesday. But the US and German leaders,...

Köhler seeks Yunus advice on poverty reduction

2007-06-07 00:00:00

  German President Horst Köhler has sought advice from microcredit guru Muhammad Yunus on what the industrialised countries should do on reduction of poverty, globalization, trade, climate change and the environment, reports bdnews24.com All these issues are expected to be...

RCC mayor Minu, two other BNP leaders sent to jail in extortion case

2007-06-07 00:00:00

  RAJSHAHI, June 6 (UNB): Rajshahi City Corporation (RCC) Mayor and former BNP lawmaker Mizanur Rahman Minu and two other BNP leaders were sent to jail Wednesday in an extortion case.Sources said Minu, former general secretary of Rajshahi City BNP...

Dollar stable, call rate sees uptrend

2007-06-07 00:00:00

  FE ReportThe US dollar marked slight gain against the Bangladesh taka (BDT) Wednesday in the interbank foreign exchange market despite stable demand for the greenback, fund managers said.The exchange rate of the dollar against the BDT ranged between Tk...

Delay in handing over ownership pushes Rupali shares down

2007-06-07 00:00:00

  Refayet Ullah MirdhaRupali Bank share price fell by more than 6.0 per cent over the past two sessions on the Dhaka Stock Exchange (DSE) amid selling pressure by the investors, who have been depressed by unusual delay in the...

Hard talk

2007-06-07 00:00:00

The right hand of the government must endorse and support what its left hand does. It is needed not only for uniformity of actions and direction but also for the realisation of its purpose. Whenever inconsistencies occur in inter-related laws...

Impact assessment prior to decision

2007-06-07 00:00:00

Qazi AzadTHE cabinet committee on economic affairs, which is headed by the Finance Adviser, has reportedly deferred the decision last Monday on a proposal for a fresh spiral of power tariff. Instead, it has given the decision for forming a...

Budget, tariffs and prices

2007-06-07 00:00:00

Ghulam MostafaThe budget for the coming fiscal year, 2007-08, is just round the corner. It  will be declared soon and become effective from next month. Although the budget is supposed to be only disclosed during its formal presentation, in the...

Mumbai gambles on slum plan

2007-06-07 00:00:00

Joe Leahy ON a clear day it is almost impossible for visitors flying into Mumbai's international airport to miss Asia's largest slum or rather the patchwork of dirty grey tin roofs and blue tarpaulin it forms over a vast area...

Future of Biman

2007-06-07 00:00:00

On the question of 'Does Biman have a future?'  I have been an airline aficionado ever since my childhood.  I used to admire the PIA pilots flying into Tejgaon with their beautiful smoke belching Lockheed Super Constellations, then came the...

Reviewing medicine prices

2007-06-07 00:00:00

A report in this daily said that the government is considering to review the prices of medicines taking into consideration that it has not been increased for nearly a decade. In a press briefing recently, Health Adviser Major General (Rtd.)ASM...