FE Report | 2008-06-19 00:00:00
The incidence of bribery in law enforcement agencies, judiciary, electricity authorities, banks and tax department declined during January-June 2007 period following the anti-corruption drive undertaken by the caretaker government.On the other hand, the incidence of bribery increased in education, health,...
The cabinet has provisionally approved the Right to Information Ordinance 2008, a government spokesman said Wednesday, reports bdnews24.com."The ordinance has been sent to the law ministry for vetting," the chief adviser's press secretary Syed Fahim Munaim told reporters after a...
Former prime minister Khaleda Zia demanded Wednesday all ailing political leaders' treatment abroad, if necessary, while Communications Adviser Ghulam Quader said no impediment remains to release of the detained former premier, reports bdnews24.com.'There is no problem with releasing Khaleda Zia...
Enayet Rasul | 2008-06-19 00:00:00
The proposed budget for 2008-9 was hailed as a business friendly one. Duty reduction on capital equipment and raw materials proposed in it is intended to much stimulate industrial activities. Proposed cuts on corporate tax and upping duties on imported...
NEW DELHI, June 18 (PTI): Snapping a two days falling streak, the gold prices Tuesday shot up by Rs 270 to Rs 12,505 per 10 gram on the bullion market here on emergence of buying by stockists and jewellery fabricators...
Doulot Akter Mala | 2008-06-19 00:00:00
The government has brought uniformity in Harmonised System of Code (HS Code) of 47 products to resolve disputes over fixation of applicable duty on the same category products under different codes.The National Board of Revenue (NBR) has made the change...
Greece keep faith with RehhagelGreece coach Otto Rehhagel will keep his job, despite the European champions' early exit at Euro 2008. The German coach led Greece to an improbable victory at Euro 2004 and is under contract for another two...
Andrew Buchanan | 2008-06-19 00:00:00
PHRASES such as 'headline earnings', 'core results' and 'underlying profit', often accompanied by 'adjusted' or 'record', are common features in many financial reports.At a time of nervous markets and uncertain economic prospects it seems increasingly popular to exclude certain items...
The High Court (HC) passes its orders today (Thursday) upon a public-interest litigation (PIL) writ petition seeking court direction for ensuring due share of the Ganges water and an overdue review of the India-Bangladesh Ganges Water Treaty, reports UNB.After closing...
FE Report | 2008-06-19 00:00:00
The government has filed a case against the Canadian oil company Niko to realise compensation for the losses caused by the gas blowout at Tengratila in Sunamganj, said M Tamim, special assistant to the Chief Adviser, Wednesday.'As it is now...
KHULNA, June 17 (UNB): Khulna City Corporation (KCC) Public Relations Officer Sardar Abu Taher, who was sentenced to 17 years imprisonment in two extortion cases, surrendered before a court here Tuesday.Additional District and Sessions Judge Nazrul Islam sent Abu Taher...
BEIJING, June 17 (Xinhua): China's economy is forecast to grow at a slower annual rate of 10.4 per cent in 2008 because of a deteriorating external environment and domestic tightening policy, a research report said.The gross domestic product (GDP) in...
Bangladesh Cricket Board (BCB) has decided not to extend the six-month contracts of six players including Khaled Mashud Pilot and Javed Omar Belim, which expired on May 30, reports UNB.Four other players whose contracts have not been extended are Tushar...
URUMQI, (China), June 17 (AFP): Police imposed a security lockdown as the Olympic torch Tuesday started its run through China's mainly Muslim region of Xinjiang, seen as one of the most sensitive legs on its nationwide journey. The centre of...
Our Correspondent | 2008-06-18 00:00:00
CHITTAGONG, June 17: The 17th annual general meeting (AGM) of Confidence Cement Ltd was held on its Madambibir Hat factory premises on Sunday. The board of directors of the company declared 15 per cent cash dividend for the shareholders for...
Gillian Tett | 2008-06-18 00:00:00
A decade ago I lived in Tokyo, where I wrote about Japan's banking woes. For several nail-biting years, I watched as the Bank of Japan (BoJ) unveiled a stream of ever-more creative measures that were designed to combat the risk...
The visiting European Elections Exploratory Mission Tuesday discussed legal aspects of political parties and electoral reforms in Bangladesh in a meeting with Awami League (AL) presidium members as part of their assessment of the pre-election situation, reports UNB.The two-hour consultation,...
FE Report | 2008-06-18 00:00:00
The inter-bank call money rate slightly eased Tuesday due to injection of fresh cash into the market. The US dollar, however, was steady against Bangladesh taka (BDT) in the inter-bank foreign exchange with moderate demand for the greenback, fund managers...
FE Report | 2008-06-18 00:00:00
Finance and Planning Adviser Dr AB Mirza Azizul Islam Tuesday brushed aside the concern that loans to the private sector may be affected in the coming fiscal 2008-09 due to enhanced government borrowing from the banking sector."I don't see any...
BASEL (Switzerland), June 17 (AFP): Foreign exchange trading in Asian currencies has surged but is being held back by anti-speculation controls and carries time-zone risk through dollar settlement, a research paper at the BIS has found.The authors of the report...
WASHINGTON, June 17 (Reuters): Rising spending on US Social Security and Medicare programmes, if unchecked, will inflate national debt and the budget defect, ultimately affecting interest rates and economic growth, Federal Reserve Chairman Ben Bernanke said Monday."There are limits to...
Advisor Committee on Public Purchase Tuesday approved a proposal of the industries ministry to import 12,000 tonnes tons of urea fertiliser from Qatar, reports UNB.As per the proposal, the state-owned Bangladesh Chemical Industries Corporation (BCIC) will import the fertiliser in...
FE Report | 2008-06-18 00:00:00
Dhaka stocks gained slightly Tuesday led by insurance sector issues for the second day in a row, amid a persistent decline in the turnover.Trading on the Dhaka Stock Exchange (DSE) was positive for the opening hour. But later it went...
Our Correspondent | 2008-06-18 00:00:00
RAJSHAHI, June 17: Executives of NGOs, local elite and businessmen of Rajshahi have placed a seven-point charter of demands to be included in the proposed budget.They placed the demands through a recent press conference at the auditorium of Barendra Unnayan...
Buenos Aires | 2008-06-18 00:00:00
Argentina's debt levels are now higher than they were when the country crashed into the biggest sovereign debt default in history in 2001, and a worsening crisis of confidence in the government brings the spectre of a new default closer,...
Syed Fattahul Alim | 2008-06-18 00:00:00
Alleviation of poverty is a big issue that the successive governments of the country have been trying to address over the years. Not in the distant past, the United Nations (UN) and the leaders of the rich nations at their...
A UK junior minister for international development, Shahid Malik, arrives in Dhaka Wednesday on a two-day visit to discuss the political situation and development projects in Bangladesh, the local DFID office said in a statement.Malik is the fourth UK minister...
SINGAPORE, June 17 (AFP): Oil prices fell slightly Tuesday after surging to all-time highs close to 140 dollars amid uncertainty that a reported pledge by Saudi Arabia to increase output would curb costs, dealers said.The main New York futures contract,...
Beau Casson fought off some harsh treatment from Dwayne Bravo to help Australia grind their way to an 87-run win in Barbados to secure a 2-0 series victory. The visitors' success was not without some tense moments after Bravo and...
KOHAT, (Pakistan), June 17 (Reuters): Suspected pro-Taliban militants shot and killed four Shi'ite Muslims in northwest Pakistan on Tuesday in what appeared to be the second deadly sectarian attack in two days. Pakistan has a bloody history of violence between...
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