SYDNEY, June 10 (AFP): Australian business confidence staged a modest recovery in May after hitting seven-year lows the previous month but was vulnerable to another downturn, according to a survey released today.The National Australia Bank (NAB) said the results of...
JESSORE, June 10 (UNB): Rapid Action Battalion (RAB), in separate drives, recovered a pistol and 1,014 bottles of Phensidyl from Benapole Monday.Acting on a tip off, a team of RAB-6 raided a rice mill atShyamolgachha on Jessore-Benapole road in the...
KUSHTIA, June 10 (UNB): The government has taken an initiative to keep memory of Mir Mosharraf Hossain, the writer of Bishad Shindhu, through constructing a museum at his homestead at Lahinipara village in Kumarkhali Upazila.Under the scheme, an auditorium and...
Istela Imam | 2008-06-11 00:00:00
WOULD not it be exciting if our cities were had colourful and pleasing looks -- something the people can interact with? Just stand and take a moment to look at our cities or when we walk down their grey and...
SEOUL, June 10 (Reuters): South Korea's entire cabinet offered to resign Tuesday in the face of massive street protests, as its increasingly unpopular president warned that Asia's fourth-largest economy could be heading into crisis.The protests against the government, in office...
Home Affairs Adviser Maj Gen (retd) MA Matin Tuesday expressed ignorance about the release of detained ex-Prime Minister Sheikh Hasina whose path is already all clear for her going abroad for medical treatment, reports UNB."I don't know anything. Nothing to...
FE Report | 2008-06-11 00:00:00
The Centre for Policy Dialogue (CPD) Tuesday termed the proposed budget for fiscal 2008-09 as an expansionary, populist and traditional from the perspective of revenue expenditures and earnings."We think the proposed budget apparently lacks institutional capacity as far as revenue...
FE Report | 2008-06-11 00:00:00
Finance Adviser Dr Mirza Azizul Islam on Tuesday defended his budget proposals for fiscal 2008-09 saying there is no scope for criticisms, as "the proposed budget, which aims at alleviating poverty, is investment-friendly."Addressing a crowded post-budget press conference at the...
FE Report | 2008-06-11 00:00:00
A goodwill gesture on part of India to export around 5,00,000 tonnes of rice to neighbouring Bangladesh, which is facing a huge shortage of food grains, has been slightly delayed because of logistical problems, according to an Indian newspaper report.India...
Farhan Bokhari, FT Syndication ServiceISLAMABAD: Pakistan has offered to facilitate the sale of thousands of acres of some of its most productive farmland to Saudi Arabia in an attempt to attract large Saudi investments in the country's farm sector.Yusuf Raza...
THIMPHU, Jun 10 (PTI): With oil prices rising steeply in India, from where Bhutan imports all its petro products, Bhutanese have ended paying the most for fuel, even as the possibility of a ripple effect this might have on consumer...
Javier Blas, FT Syndication ServiceLONDON: Food aid volumes sank last year to their lowest level in almost 50 years as rising agricultural commodity prices - particularly for wheat, corn and rice - hit donors' budgets, a United Nations report has...
BAGERHAT, June 10 (UNB): Within a span of nine days, another case was recorded Monday against 12 'rajakars' (collaborators) on charge of killing two freedom fighters (FFs) in Morelgonj Uapzila during the Liberation War in 1971.Ms Amirunnisa, daughter of a...
WASHINGTON, June 10 (AFP): New Zealand called on the United States yesterday to seek early membership in a budding Asia-Pacific grouping so that it could maintain influence in the rapidly growing region.The grouping, called the Trans-Pacific Strategic Economic Partnership Agreement,...
COLOMBO, June 10 (AFP): Fighting across Sri Lanka's embattled northern region left at least 18 Tamil Tigers and two soldiers dead, the defence ministry said Tuesday.Monday's fighting in the regions of Mannar and Vavuniya also wounded 10 Tiger rebels and...
Primary and Mass Education Adviser Rasheda K Chowdhury said the government is planning to bring 62,000 primary schools of the country under the computer database system, reports UNB."The computer database system will contain overall information about the country's primary schools,"...
FE Report | 2008-06-11 00:00:00
Dhaka stocks gained slightly Tuesday led by insurance and leasing issues after the previous day's panic selling fall, amid significant drop in the turnover.Investors ignored the tripartite meeting held among securities regulator and the two stock exchanges to cool down...
FE Report | 2008-06-11 00:00:00
The inter-bank call money rate closed lower Tuesday due to injection of fresh cash into the market. The US dollar, however, was stable against Bangladesh taka (BDT) in the inter-bank foreign exchange market on moderate demand for the greenback, fund...
A special court Tuesday further deferred to June 16 the arraignment hearing in the Niko scam case against detained former Prime Minister Sheikh Hasina, while she availed of the exemption from appearance in person for the first day, reports UNB.Judge...
The government has taken some steps to stop Bangladeshi workers from going illegally to Iraq and Kurdistan, including introducing 'ok to board' system experimentally at Dubai airport under Biman's initiative, reports BSS.The decision was taken Monday at an inter-ministerial meeting...
FE Report | 2008-06-11 00:00:00
Prices of some essentials including potato, rice and sugar, non-brand edible oil and poultry bird rose in the city' retail markets on Tuesday, traders said.On the day, they said prices of potato increased to about Tk18-Tk19 per kg from around...
US Ambassador James F Moriarty Tuesday stressed the need for boosting investment in industries, aviation and tourism sectors for socioeconomic prosperity of Bangladesh, reports UNB.The envoy came up with the opinion when he called on Mahbub Jamil, Special Assistant to...
Detained former Prime Minister Khaleda Zia Tuesday flashed a smile learning of the process of releasing her once arch political rival Sheikh Hasina at the behest of the government, reports UNB."If it is done through lawful process, then law is...
FE Report | 2008-06-11 00:00:00
Korean company OFMA Camp Limited will set up a tent, sleeping bags, camping furniture, tent and sleeping bags accessories manufacturing industry in the Karnaphuli Export Processing Zone.This 100 per cent foreign-owned company will invest about Tk 850 million in setting...
FE Report | 2008-06-11 00:00:00
The government has brought some major changes in collection of Value Added Tax (VAT) in the proposed budget for fiscal 2008-09.The proposed fiscal measure in the budget envisages reduction of tax for cottage industry, export of pharmaceuticals, hospitals and clinics.The...
TEHRAN, June 10 (Reuters): Iranian Defence Minister Mostafa Mohammad Najjar was quoted Tuesday as warning Israel of a "very painful" response if it launched a military strike over the Islamic Republic's disputed nuclear programme.On Friday, Israeli Transport Minister Shaul Mofaz...
SALZBURG, Austria, June 10 (AFP): Greece were the unlikeliest of Euro winners four years ago and to many people they would be an even unlikelier victor this time round as they set out on their bid to retain the title...
Nat'l booters return | 2008-06-11 00:00:00
in city todayThe national booters return home today (Wednesday) at 12 midnight after a frustrating performance in the 5th SAFF Championship being held in Maldives and Sri Lanka. Bangladesh made early exit from the championship.
Paul Beech has been appointed the manager of British Airways for Bangladesh and will be responsible for all commercial activities of the airliner in the country, says a press release.Prior to this appointment, Paul held the position of Contact Centre...
FE Report | 2008-06-11 00:00:00
Unnayan Onneshawn (UO), a think-tank, said Tuesday that the proposed national budget, which lacks long-term vision, would jack up inflation, crowd out investment and create a severe macro-economic imbalance.Since the current fiscal is already run down with high public borrowing,...
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