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WB stands ready to help recover stolen assets

2007-06-03 00:00:00

FE ReportThe World Bank (WB) has underscored the need for credible prosecutions of the several big fishes to enhance the acceptability of the Anti-Corruption Commission (ACC) to public."Focusing on credible prosecutions of several big fishes, rather than casting the net...

New political party set for July launch

2007-06-03 00:00:00

A new nationalist political party styled Bangladesh Democratic Party is set to break into the political landscape in July amid widespread speculations that the military-backed government is floating a political platform, reports bdnews24.com. Several leaders involved with the policy formulation...

Accord signed with WB on $200m DSC-IV

2007-06-03 00:00:00

FE Report Bangladesh signed Saturday an agreement with the World Bank (WB) on the development support credit-IV (DSC-IV) worth US$200 million to bolster its reform efforts in the areas of macroeconomic stability, trade liberalisation, and better functioning of financial and...

Taskforce to go for legal action against political heavyweights: Masud

2007-06-03 00:00:00

FE ReportThe National Task Force (NTF) on Serious Crime will move for legal action against key political party leaders after completing thorough investigation including their bank accounts."We will scrutinise sources of the funds, income tax return statements and other documents...

BDR move to stabilise prices a temporary solution, says CPD

2007-06-03 00:00:00

FE ReportDubbing the caretaker authority's market intervention mechanism as "temporary solution," the Centre for Policy Dialogue said Saturday the deployment of paramilitary BDR in stabilising the prices of essentials would not grind out any tangible results in the long term."We...

Turnaround time of vessels at Ctg Port reduced remarkably

2007-06-03 00:00:00

Jasim Uddin Haroon The turnaround time of vessels at Chittagong port made an impressive reduction averaging 3.6 days in May. It was 4.84 days in April, 8.74 days in March, 8.69 in February, and 11.65 days in January this year.The...

Book-building method 'must keep shares for small investors, NRBs, mutual funds'

2007-06-03 00:00:00

M Azizur RahmanSmall investors, non-resident Bangladeshis (NRBs) and the mutual funds will have specific quotas in shares of the potential corporate business houses planning to go public  through the proposed book-building system. "The book-building method must have allocation of shares...

Europe furious at US climate call

2007-06-03 00:00:00

Fiona Harvey from London, Hugh Williamson from Berlin and George Parker from Brussels  Germany and the European Commission reacted angrily to President George W. Bush's apparent change of heart on climate change late last week, setting the stage for a...

Go-ahead to signing MoU between BSTI and BIS

2007-06-03 00:00:00

FE ReportThe council of advisers at its weekly meeting approved Saturday a proposal on signing a memorandum of understanding (MoU) by Bangladesh Standards and Testing Institution (BSTI) with the Bureau of Indian Standards (BIS) to boost Bangladesh's exports to India.The...

Scanwell Logistics to launch charitable activities in villages

2007-06-03 00:00:00

FE Report Scanwell Logistics Bangladesh, a Hong Kong based company, plans to embark  upon charitable activities in selected remote villages in Bangladesh, especially in upgrading sanitation.    To begin with charitable activities and as part of its social responsibility the  company...

Another hearing on Mohiuddin likely in US court Tuesday

2007-06-03 00:00:00

San Francisco Circuit Court was learnt to have considered a rehearing of the asylum case of Bangabandhu's condemned killer AKM Mohiuddin Ahmed next Tuesday, reports UNB.Earlier in mid-March, the 9th Circuit Court had declared him fugitive and rejected his petition...

Dr Kamal to help establish platform for healthy politics

2007-06-03 00:00:00

Dr Kamal Hossain has said he will provide all cooperation for the formation of a platform for healthy politics. Politicians against whom allegations of corruption have been raised in the past should own up their mistakes and retire from politics....

Import of high speed diesel from India may be delayed

2007-06-03 00:00:00

FE Report The import of 120,000 tonnes of high speed diesel from neighbouring India might be delayed as the Bangladesh Petroleum Corporation (BPC) is yet to complete the customs formalities.The BPC is awaiting clearance from the National Board of Revenue...

More killed in Rajasthan violence

2007-06-03 00:00:00

JAIPUR, June 2 (BBC): At least five more people have died in violent clashes between two tribal groups in India's Rajasthan state. Police say 17 people have also been injured as members of the nomadic Gujjar tribe fought pitched battles...

'End discriminatory reconditioned car import policy'

2007-06-03 00:00:00

Local car dealers, politicians and members of the civil society want an end to the discriminatory policy in importing the reconditioned cars to ensure adequate transportation for the masses, reports bdnews24.com. Speakers pressed the demand at a roundtable titled "Reconditioned...

Jalil, Babar, Hashem may be produced in court today

2007-06-03 00:00:00

Awami League General Secretary Abdul Jalil and former state minister for home of the immediate-past BNP-led government Lutfozzaman Babar and business- tycoon-turned ex-MP MA Hashem of BNP may be produced in the CMM court today (Sunday) as a four-day remand...

Body of woman recovered in city

2007-06-03 00:00:00

Mirpur police Saturday recovered the body of an unidentified woman from an under-construction building in Harirampur Ananda Nagar area of the city.               — bdnews24.com

ACC is not a joke now: Patel WB stands ready to help recover stolen assets

2007-06-03 00:00:00

The World Bank (WB) has underscored the need for credible prosecutions of the several big fishes to enhance the acceptability of the Anti-Corruption Commission (ACC) to public."Focusing on credible prosecutions of several big fishes, rather than casting the net too...

Taskforce to go for legal action against political heavyweights: Masud

2007-06-03 00:00:00

FE ReportThe National Task Force (NTF) on Serious Crime will move for legal action against key political party leaders after completing thorough investigation including their bank accounts."We will scrutinise sources of the funds, income tax return statements and other documents...

Jalil, Babar, Hashem may be produced in court today

2007-06-03 00:00:00

Awami League General Secretary Abdul Jalil and former state minister for home of the immediate-past BNP-led government Lutfozzaman Babar and business- tycoon-turned ex-MP MA Hashem of BNP may be produced in the CMM court today (Sunday) as a four-day remand...

Body of woman recovered in city

2007-06-03 00:00:00

Mirpur police Saturday recovered the body of an unidentified woman from an under-construction building in Harirampur Ananda Nagar area of the city.    — bdnews24.com

Turnaround time of vessels at Ctg Port reduced remarkably

2007-06-03 00:00:00

Jasim Uddin Haroon The turnaround time of vessels at Chittagong port made an impressive reduction averaging 3.6 days in May. It was 4.84 days in April, 8.74 days in March, 8.69 in February, and 11.65 days in January this year.The...

Higher revenue goals must not ignore supply-side constraints: BB governor

2007-05-24 00:00:00

FE Report The Bangladesh Bank (BB) Governor Salehuddin Ahmed Wednesday laid emphasis on proper coordination between monetary, fiscal and trade policies to help curb rising inflationary pressure on the economy. Ahmed also felt the need for following multiple heterodox measures,...

Army chief for thorough overhauling of age-old administrative system Rules out any plan to join politics

2007-05-24 00:00:00

FE ReportChief of Army Staff Moeen U Ahmed Wednesday said the age-old administrative system, devoid of IT facilities, now needs thorough overhauling to ensure the economic well-being of the people.He made the observation in a meeting with a group of...

Will restructuring do any good to Biman?

2007-05-24 00:00:00

Shahiduzzaman KhanThe government has decided to turn the Biman Bangladesh Airlines into a public limited company to 'help ensure its viable commercial operation'. The decision will, however, allow the state-owned losing entity to halve its 6000-strong manpower by the end...

Fall in container freight charges drives down external trade cost

2007-05-24 00:00:00

Jasim Uddin Haroon The cost of external trade has fallen sharply due to decrease in the container freight costs charged by the feeder vessels plying to and from Chittagong port.Feeder vessels connect Chittagong port with Singapore, Colombo and two ports...

Plan to generate 6,000MW more electricity in 5 yrs

2007-05-24 00:00:00

M Azizur RahmanThe caretaker government, encouraged by the development partners' funding commitment and private sector's investment potentials, is considering a plan to generate around 6,000 megawatt (MW) of additional electricity by next five years (2007-2012) Sources said, a total of...

Planning Commission sits tomorrow to finalise ADP

2007-05-24 00:00:00

E ReportThe Planning Commission (PC) will sit tomorrow (Friday) to finalise the Annual Development Programme (ADP) for the next fiscal year of 2007-08.The vice-chairman of the PC, Finance and Planning Adviser Mirza Azizul Islam, will preside over the meeting.After finalisation...

WB to give $100m credit for secondary education eform

2007-05-24 00:00:00

FE Report The World Bank has agreed to offer US$ 100 million as budgetary support credit to the government next month, enabling the country to pursue its reform agenda in secondary education.The loan, known as the Education Sector Development Support...

WB tries to fill leadership void

2007-05-24 00:00:00

Krishna Guha FT Syndication ServiceWASHINGTON: The six most senior remaining managers of the World Bank last Monday assumed day-to-day control of the bank in a bid to fill the void created by the looming departure of bank president Paul Wolfowitz.Mr...