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Euro firmer in Asian trade ahead of ECB decision

2007-06-06 00:00:00

TOKYO, June 5 (AFP): The euro edged up against the dollar and the yen in Asian trade today as the market bet on an imminent rise in eurozone interest rates, dealers said. The dollar also gained on the yen as...

Vietnam releases new petroleum tariff regime

2007-06-06 00:00:00

HANOI, June 5 (Xinhua): Vietnam has issued an adjusted import tax regime on petroleum products, which will take effect some time this month, local newspaper Vietnam News reported yesterday. Under the regime issued by the Vietnamese Finance Ministry last Thursday,...

Accept disclosure of 'white but untaxed' money without asking source

2007-06-06 00:00:00

FE Report The Chairman of the National Board of Revenue (NBR), Badiur Rahman, Tuesday urged the taxmen not to ask a tax payer the source while declaring the untaxed money in the next two months.The NBR has offered an opportunity...

Khaleda, Nizami among 28 sued for Aug 21 grenade attack on AL rally

2007-06-06 00:00:00

  BNP chairperson Khaleda Zia, Jamaat Ameer Matiur Rahman Nizami and 26 others were sued in the Chief Metropolitan Magistrate (CMM) court Tuesday for the August 21 grenade attack on Awami League (AL) rally in the capital that left 24...

SRO on disclosure of untaxed money needs some clarification

2007-06-06 00:00:00

  Shamsul Huq Zahid The strong speculation that the government might offer yet another opportunity to whiten black (undisclosed) money turned out to be true when the National Board of Revenue (NBR) issued a circular to this effect Monday. But...

FBCCI board meets today to amend polls-related rules

2007-06-06 00:00:00

  FE ReportThe Board of Directors of the Federation of Bangladesh Chambers of Commercial (FBCCI) will hold a meeting Wednesday (today) to discuss matters relating to changes that are required for framing organisational rules in order to prevent loan defaulters...

BEPZA campaign abroad targets NRBs, other foreign investors

2007-06-06 00:00:00

  A Z M AnasBangladesh has embarked on a new promotional campaign to woo overseas Bangladeshis living in North American countries, including the United States, to invest in the country, capitalising on the improved law and order.The Bangladesh Export Processing...

Lafarge Cement suspends output since May 12

2007-06-06 00:00:00

  FE ReportLafarge Surma Cement, the country's largest cement manufacturing company, has suspended production since May 12 due to stoppage of its lime stone mining in India's Meghalaya state, company sources said.However, the cement company is supplying a little quantity...

37 submit fresh offers to set up small IPPs

2007-06-06 00:00:00

  S M JahangirThe government has received 37 fresh offers from private entrepreneurs for setting up small independent power projects (IPPs).All the pre-qualified bidders are vying for installing such small power units, having a combined generation capacity of 200 megawatt...

EC to introduce 'no vote' in polls

2007-06-06 00:00:00

  Under a comprehensive electoral reform, launched by the caretaker government, 'no vote' is being introduced to give the voter free will to vote for one or reject all of the candidates in a constituency, reports UNB.But it is yet...

Thai economy grows amid fall in investment

2007-06-06 00:00:00

  Amy Kazmin, FT Syndication ServiceBANGKOK: Thai investment contracted 1.4 per cent year-on-year in the first quarter - its worst performance since 2001 - as political and policy turbulence weighed on investor and consumer sentiment, the latest figures from the...

Bankers, UN team discuss ways of curbing money laundering

2007-06-06 00:00:00

  FE Report The country's leading bankers have urged the visiting United Nations (UN) delegation on counter-terrorism to update its list of suspects involved in terrorist financing time to time.They also requested the delegation to consult with authorities concerned before...

The Indian media report on outbreak of smallpox in Bangladesh

2007-06-05 00:00:00

The news published recently in a section of the Indian newspapers, mainly published from Kolkata, may be true or otherwise but its content-it's about sudden outbreak of smallpox in Bangladesh and Myanmar-is a scary one. Smallpox is an extremely infectious...

The marathon man

2007-06-05 00:00:00

Krishna Guha THROUGHOUT his career Robert Zoellick has shown the resilience of the long distance runner that he is (his personal best for a marathon is two hours and 32 minutes). Late last month he reaped the rewards of that...

Multilateral donors being pushed to the sidelines

2007-06-05 00:00:00

Fazle Rashid from New YorkTHE World Bank (WB) assurance-made by Patel, its Vice-President for Asia, that the Bank would assist Bangladesh in retrieving stolen money stashed abroad, has surprised Bangladeshi diaspora living in North America, particularly New York. The WB...

How the rich world can help Africa help itself

2007-06-05 00:00:00

Glenn Denning and Jeffrey Sachs WHEN heads of state from the world's richest countries gather in Heiligendamm, Germany, this week for this year's summit of the Group of Eight (G8) leading industrialised nations, they would most benefit the poor in...

Corruption in the health sector

2007-06-05 00:00:00

CLEANERS and others at the public hospitals hardly do their jobs.  Doctors in most of the  rural health complexes remain away from their posts for weeks, often with unauthorised leave. Government doctors are not  supposed to engage in private practice....

Does Biman have a future?

2007-06-05 00:00:00

MY answer to AVM Rafiqul Islam's most poignant and pertinent question is yes, but! Thanks to the Air Marshal and the Financial Express for publishing the article on a very important national issue. We have been failing both individually and...

Prisoners' rights

2007-06-05 00:00:00

WE all know that inmates of prisons -- convicts, under trials as well as those who are in detention for an indefinite period are being huddled in the increasingly constricted spaces of the overcrowded prisons, without having regard for basic...

The exposed double standards

2007-06-05 00:00:00

Qazi AzadAFTER a meeting with Chief Minister M. Karunanidhi of the Indian state of Tamil Nadu, Narayanan advised a bleeding Sri Lanka last Thursday not to buy weapons from China and Pakistan to fight the Tamil rebels of the country.While...

Income tax in national budget- 2007

2007-06-05 00:00:00

Md. Khalilur RahmanTHE ensuing national budget, 2007 is going to be placed this month by dynamic caretaker government before the people of Bangladesh who are anxiously expecting proper relief and remedy in their taxation. As a long experienced Tax Consultant...

Need for revamping local government for no-fuss voter list

2007-06-05 00:00:00

Dr. Mustafizur Rahman NATIONAL Constitution mandates the Election Commission to prepare voter list for each constituency.  Voter list means a authentic and verifiable one without any exclusion. As the election commissioners also point out, preparation of national identity (ID) card...

WB slams donor nations' lag on aid to Africa

2007-06-05 00:00:00

WASHINGTON, June 4 (Xinhua): Three years after pledging a doubling of aid for Africa and new opportunities for African exports, donor nations are falling behind in fulfilling their promises, according to a statement released by the World Bank yesterday. The...

Fundamentals of China's stock market still favourable

2007-06-05 00:00:00

SHANGHAI, June 4 (AFP): The fundamentals of China's stock markets remain favourable despite recent falls triggered by the hike of a key tax on share trading, major state-run securities newspapers said in editorials today. "The adjustment in the securities trading...

Japanese capital investment up for 16th straight quarter

2007-06-05 00:00:00

TOKYO, June 4 (AFP): Japanese firms raised their capital investment in new plant and equipment by 13.6 per cent in the three months to March compared with a year earlier, up for a 16th straight quarter, a government survey showed...

British investment in India too little

2007-06-05 00:00:00

LONDON, June 4 (PTI): In spite of the booming Indian economy, British investment in the country is far below its potential, Minister of State for Industry Ashwani Kumar has said. "Investment by UK companies in the fast-growing Indian economy is...

FAO urges countries to invest more in fire prevention

2007-06-05 00:00:00

ROME, June 4 (Xinhua): Forest fires are affecting larger areas and becoming more severe in several regions of the world, and countries need to invest more in fire preparedness and prevention, according to the latest report of the UN Food...

Asia's leading IT trade show to open in Taipei

2007-06-05 00:00:00

TAIPEI, June 4 (AFP): The world's major technology firms are ready to to display their cutting-edge products in Asia's biggest information technology trade fair here this week and generate multi-billion dollar business opportunities, organisers said today. Among the products on...

UAE to tighten up laws to protect labourers' rights

2007-06-05 00:00:00

ABU DHABI, June 4 (Xinhua): The United Arab Emirates (UAE) vows yesterday to take measures to tighten up implementation of labour laws to protect labourers' rights, Emirates News Agency reported. The decision was made by the UAE cabinet during a...

S Korea economy tipped to post stronger growth

2007-06-05 00:00:00

SEOUL, June 4 (AFP): South Korea's economy will post stronger than expected growth this year and next thanks to brisk exports and increasing consumer spending, a US-based research institute said today. Goldman Sachs Economic Research lifted its growth forecasts to...