India, China optimistic about their economic condition

SILICON VALLEY, June 15 (PTI): People in India and China remain upbeat and optimistic about their national economic conditions, contrary to the trend witnessed globally, a recent survey by independent body, the Pew Research Centre has found.Majority of people in...

Why delays in commissioning of rental power plants

THE Bangladesh Power Development Board (BPDB) handed over the land of the sites in workable condition at a date later than the expected time. As a result, the commercial operation of the three rental power plants, among the would-be six,...

Country eyes $10 billion remittance next fiscal

The receipts from overseas remittances is expected to reach US$10 billion in the next fiscal year following a robust growth in manpower export in the outgoing fiscal, a senior official said Saturday.In the first 11 months of the outgoing fiscal,...

Hedge fund assets jump to $2,900b

FT Syndication ServiceLONDON: Hedge funds have more than $2,900bn under management, according to a survey of valuers of their assets, sharply up on last year in spite of the credit crunch and a series of high-profile problems in the industry.The...

corporatewatch

Quasem Silk: Quasem Silk Industries Limited incurred a net loss of Tk 0.06 million as per the unaudited half yearly accounts as on March 31, 2008. The earning per share of the company stood at Tk 0.03.NAV of First BSRSOn...

Mintoo new chairman of Pragati Ins

Abdul Awal Mintoo, a sponsor director of Pragati Insurance Limited, has recently taken over as the chairman of the company. He replaces Khalilur Rahman, who is the chairman of KDS Group of Industries.Former FBCCI president Abdul Awal Mintoo carries with...

US govt launches 'Progati' to help fight graft

The US government through the United States Agency for International Development (USAID) recently launched PROGATI, a four-year project designed to control corruption by strengthening public oversight of government funds, reports BSS.PROGATI, an acronym for Promoting Governance, Accountability, Transparency and Integrity...

ADB to provide mkt-relevant skills training to 68,200 Bangladeshis

Asian Development Bank (ADB) has launched a project aiming to help the government reduce poverty and promote economic growth by providing market-relevant skills training to 68,200 Bangladeshis, a senior official said Sunday.He said the project also aimed at helping unemployed...

Dhaka stocks tumble

Dhaka stocks tumbled Sunday led by mutual funds due to the corrective measures taken by the prime bourse to cool down the overheated market, amid a continued low turnover.Trading on the Dhaka Stock Exchange (DSE), however, was in the positive...

Viewing by remote control

Fed an expanding diet of reality and game shows displaying saucy soubrettes, Italians at the weekend are tuning into a new prime-time series, Tell Me The Truth, where VIPs and their real-life partners strut their stuff and vie to be...

Govt asked to explain restrictions on bail

The High Court Sunday issued rule asking the government to explain why certain provisions of the Emergency Power Ordinance (EPO) and the Emergency Power Rules (EPR) 2007, including curbing High Court jurisdiction on bail, "should not be declared illegal and...

Unilever targets doubling production by 2010

CHITTAGONG, June 15: Unilever Bangladesh Limited Chairman-cum-Managing Director Rakesh Mohan called upon the officials and employees to discharge their duties diligently with a motivated target of doubling production of the company by the year 2010 keeping safety and quality of...

Bangladesh registersecond win in AHF Cup Hockey

Bangladesh hockey team registered the 2nd win in the 3rd Men's AHF Cup Hockey beating Chinese Taipei by 3-2 goals in Singapore Sunday, reports UNB.Captain Maksud Alam Habul, vice captain Russell Mahmud Jimmy and Mamunur Rahman Choyon scored one goal...

NBR mobilises Tk 397b in 11 months of FY '08

The National Board of Revenue (NBR) collected Tk 397.28 billion revenue in the first 11 months of the current fiscal. The amount is equivalent to 86.42 per cent of the revised target for the fiscal.The government, for the first time...

Overseas treatment of Koko, Tarique under consideration

The caretaker government is considering overseas treatment of Tarique Rahman and Arafat Rahman Koko, the two detained sons of ex-premier Khaleda Zia, after having received applications from their kin, reports UNB."Today we received the application of Tarique Rahman sent by...

Nokia launches campaign for creating awareness on environmental issues

International environmental organisations WWF and International Union for Conservation of Nature (IUCN) on Sunday launched the global online community 'Conect2earth.org aimed at creating awareness on environmental issues among the young people all over the world.Supported by mobile phone giant Nokia,...

US wants biotech to help solve global food crisis

WASHINGTON, June 15 (AFP): A senior US official urged countries to remove barriers to the use of biotechnology and other innovations that would increase food production at a time of crisis."We must address the policies and trade barriers that increase...

Hullabaloos over undisclosed money

Trade bodies, if not the National Board of Revenue, this time appear to be unusually enthusiastic about the government's offer to formalise undisclosed yet legal income.The Federation of Bangladesh Chambers of Commerce and Industry-FBCCI, has demanded of the government to...

Pakistan clinch tri-series title

A familiar nemesis and a battle-scarred warhorse inspired a downcast bunch to brave the odds and hand Pakistan their first multi-nation title in more than five years, according to website cricinfo.In front of their board chairman, who had lashed out...

Heavy rains in China leave at least 62 dead or missing

BEIJING, June 15 (AFP): Heavy rains that hit southern and eastern China have left at least 62 people dead or missing, while over one million residents have been evacuated, the government and state media said Sunday. Rains were expected to...

The supply of agro-inputs

THE supply of basic agro-inputs such as fertilisers is noted to be a rather unreliable and corruption-ridden process. Not only fertilisers, farmers have been found facing difficulties in getting smooth supply of other inputs like seeds, irrigation water and diesel...

Arraignment hearing again defers to June 19

A special court that deals with corruption cases Sunday again deferred to June 19 the hearing on framing charges against detained BNP senior joint secretary general Tarique Rahman and ex state minister Lutfozzaman Babar and others in Tk 210 million...

Security not confined to only physical arena, it's multi-dimensional: CA

Chief Adviser Dr Fakhruddin Ahmed said Sunday that the issue of security was multi-dimensional and not confined only to ensuring physical safety in this modern age, reports UNB.He also said security officials must understand that ensuring security does not mean...

Virgin Radio's Indian owner sets his dial for the internet

AS the head of a booming Indian company which is spending almost

NBR won't legalise funds disclosed under new offer

The National Board of Revenue Sunday refused to accept as legal the funds to be disclosed under the latest opportunity offered by the government."The revenue board will not serve any show cause notice or seek any explanation from the taxpayers....

Tk 728 million CU budget announced

CHITTAGONG, June 15: The proposed budget worth Tk 728 million of Chittagong University (CU) for the 2008-2009 fiscal was approved in a joint meeting of the Finance Committee and Syndicate of the university Saturday held at the conference room with...

Katich, Jaques demoralise Windies

Simon Katich and Phil Jaques both made centuries on a day of total Australian dominance in Barbados, where the match slipped right out of West Indies' grasp as Australia built a lead of 365 by stumps, according to website cricinfo.At...

Bangladesh Police unveils its Strategic Plan for 2008-10

The Bangladesh Police Sunday launched a strategic plan that outlines its vision, mission, core values and future priorities of the service, reports UNB.Inspector General of Police Nur Mohammad, launched the 'Strategic Plan for 2008-2010' to be implemented over three years."For...

Four exhibitions on textile products begin June 19

Four exhibitions on textile products will be held in the city's Bangladesh China Friendship Conference Centre (BCFCC) from June 19 to June 22.The exhibitions in one go are '9th Textech Bangladesh 2008 International Expo', international textile garment technology and machinery...

National Tourism Authority to be set up by July

The government is planning to set up a 'National Tourism Authority' by July this year to develop the country's potential tourism sector."This will be an independent and autonomous body," said Special Assistant to the Chief Adviser for the Ministry of...