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Denial of right to bail challenged in HC

2008-06-06 00:00:00

Former caretaker government adviser Sultana Kamal and two others Thursday filed a writ petition with the High Court challenging some provisions of the emergency powers rules (EPR), reports bdnews24.com.The appeal challenged the provisions of the EPR that "deny people the...

African leaders upbeat on continent's economic prospects

2008-06-06 00:00:00

CAPE TOWN, June 5 (AFP): African leaders revelled in their continent's economic growth at the World Economic Forum (WEF) on Africa yesterday, while warning that poverty and instability still posed threats to development.Five presidents from across the continent were upbeat...

Dhaka stocks gain for third straight session

FE Report | 2008-06-06 00:00:00

Dhaka stocks gained for the third straight session Thursday with moderate fall in the turnover.Mostly insurance, leasing, IT and, power and energy issues gained while bank shares fell due to profit taking on the day.Trading on the Dhaka Stock Exchange...

commodities digest

SKorea protester sets himself | 2008-06-06 00:00:00

alight in beef protestSEOUL, June 5: A South Korean man was in a critical condition in hospital Thursday, police said, after setting himself on fire in protest at government plans to resume imports of US beef. Police said the 56-year-old,...

Gani gets 12 yrs, wife 3 yrs RI

2008-06-06 00:00:00

A special court in the city Thursday sentenced former chief conservator of forest Osman Gani to 12 years' rigorous imprisonment for amassing wealth beyond his known sources of income and concealing information in the wealth statement, reports BSS.His wife, Mohsenara...

Message from the Ambassador

2008-06-06 00:00:00

In 1983 the Swedish Parliament proclaimed June 6 as Sweden's National Day and, as of 2005, this day is also a public holiday. However, ever since the early part of the last century June 6 has been observed as "The...

Pietersen picks up England's pieces

2008-06-06 00:00:00

Never let it be said that Kevin Pietersen is not a man for a crisis. Three months on from his series-saving century on the first morning of the third Test in Napier, Pietersen was back in the runs in similar...

Indian HC clarifies about forex endorsement to passports

2008-06-06 00:00:00

The Indian High Commission Thursday said the requirement of foreign exchange endorsement to passports is one of the pre-requisites for obtaining an Indian visa and this has been in existence for the last several years, reports UNB.A press release said...

Development challenges facing Bangladesh

Faridul Islam | 2008-06-06 00:00:00

DEFICIENCIES in key infrastructure such as power, railways and roads, seriously hamper export growth, investment, and opportunities for transport integration within Bangladesh and also regionally, where possible, for better business. Power is the biggest logjam in physical infrastructure. Per capita...

Call rate rises again, dollar steady

FE Report | 2008-06-06 00:00:00

The inter-bank call money rate marked rise Thursday ignoring central bank's use of repurchase agreement tool to inject large amount of fresh cash into the market. The US dollar, however, remained steady against Bangladesh taka (BDT) in the inter-bank foreign...

President, CA greet Swedish counterparts on National Day

2008-06-06 00:00:00

President Iajuddin Ahmed and Chief Adviser (CA) Fakhruddin Ahmed have greeted their Swedish counterparts on the occasion of their National Day that falls Friday, reports UNB.In a message to King Carl XVI Gustaf, Iajuddin said Bangladesh and Sweden enjoyed excellent...

Jury board for national film award formed

2008-06-06 00:00:00

The government has formed a jury board for national film award for the year 2004, 2005, 2006 and 2007, reports UNB.An additional secretary of Information Ministry will act as president of the 11-member board, said an official handout Thursday.The board...

Government must have vision

2008-06-06 00:00:00

The interim government initially created widespread enthusiasm. It seemed to people --at one stage -- as if this government would sweep away all the ills from our national life, very soon.It is not that this confidence on the whole is...

Protesters target Malaysian fuel price hike

2008-06-06 00:00:00

KUALA LUMPUR, June 5 (AFP): Malaysia's government faced demonstrations and public outrage today over its decision to hike petrol prices 40 per cent overnight, in a bid to curb its massive subsidies bill. "The fuel increase is both economically inefficient...

Japan opposition to pass censure motion against PM

2008-06-06 00:00:00

TOKYO, June 5 (AFP): Japan's opposition plans to pass a censure motion against Prime Minister Yasuo Fukuda, dealing him a major embarrassment ahead of the Group of Eight summit, news reports said Thursday.A censure motion is symbolic but has no...

Rahimafrooz awards 200 students on Environ Day

2008-06-06 00:00:00

Rahimafrooz, through its social development wing RSF (Rural Services Foundation), organised "Poribesh Utshob 2008" recently, said a press release.The programme included a quiz competition (on topics like climate change, renewable energy and 3R) among students from Khulna, Shatkhira and Bagerhat...

Budget on Monday

2008-06-06 00:00:00

Finance Adviser Dr Mirza Azizul Islam Thursday said the extent of subsidy would be 15-16 per cent of the total budget of around Tk 995 billion (99,500 crore) for the next fiscal year, reports UNB.'The subsidy is increasing not only...

Al-Qaeda claims Danish embassy blast in Islamabad

2008-06-06 00:00:00

ISLAMABAD, June 05 (AP): Denmark shared with Pakistani investigators video footage of the suicide car bombing against its embassy Thursday, while an Internet posting purportedly by al-Qaeda claimed responsibility and threatened more attacks.The statement, signed by an al-Qaeda commander in...

Shenzhen market still struggling to find role

Andrew Wood | 2008-06-06 00:00:00

FT Syndication ServiceSHENZHEN: One country. Two systems. Three stock markets. Hong Kong and Shanghai dominate the market headlines about share trading in China but there is a third, much smaller, exchange in the country - Shenzhen.In spite of pioneering share...

Commerce Adviser off to China

2008-06-06 00:00:00

An eight-member Bangla-desh delegation left for Beijing Thursday to discuss business issues with the Chinese authorities, including duty-free access of more Bangladeshi products to the Chinese market, reports UNB.Commerce and Education Adviser Hossain Zillur Rahman is leading the team that...

AL rejects BNP offer outright to launch united movement

2008-06-06 00:00:00

Awami League spurned pointblank the BNP offer for united movement to overcome the 'grave crisis' facing the country, reports UNB."There is no possibility of launching united or simultaneous movement with BNP," Awami League acting general secretary Syed Ashraful Islam told...

China's trade surplus to shrink for first time in five years

2008-06-06 00:00:00

BEIJING, June 5 (AFP): China's trade surplus is likely to shrink in 2008 for the first time in five years, with a rising local currency and the US economy's slowdown two of the prime reasons, the government said today."We forecast...

Politics lead the way

Karin Alfredsson | 2008-06-06 00:00:00

"We have had over ten years' experience with a nearly gender-equal government and Parliament," says a very pleased Gertrud

Liquidity to keep markets from drying up

David Clark | 2008-06-06 00:00:00

The current financial crisis has revolved around the drying up of markets that had been built on the presumption of ample liquidity.Massive leveraged positions were built up in instruments that, in spite of their triple A credit ratings, suffered from...

Hillary ending candidacy, supporting Obama

2008-06-06 00:00:00

WASHINGTON, June 05 (AP): Her path to the nomination inevitable no more, Hillary Rodham Clinton plans to announce she is ending her groundbreaking candidacy and supporting Barack Obama, her rival in a presidential quest for the ages.Clinton prepared to declare...

DBBL emphasises low-cost deposits, retail business

FE Report | 2008-06-06 00:00:00

Dutch-Bangla Bank Ltd (DBBL) Managing Director Yeasin Ali advised branch managers to lay emphasis on low-cost deposits and increase retail business.He was presiding over the managers' meeting at the bank's training centre in the city Wednesday.DBBL branch managers from Dhaka,...

Tokyo vows diplomacy to win Olympics

2008-06-06 00:00:00

TOKYO, June 5 (AFP): Japanese leaders on Thursday vowed a diplomatic drive to win the 2016 Olympic Games after the capital was chosen as one of four candidate cities."We now stand just at the foot of the mountain to climb,"...

Usha meet Abahani in title deciding match today

2008-06-06 00:00:00

League leaders Usha KC meet Abahani Limited in the title deciding match of the Green Delta Insurance Premier Division Hockey League today Friday at 4 pm at the Maulana Bhasani National Hockey Stadium, reports UNB.Usha KC dominate the league table...

U.S. economy grows out of competing interests

Howard Cincotta | 2008-06-06 00:00:00

Although Jamestown, Virginia, is celebrated as the first permanent English settlement in America, it was also the name of a company seeking profits from gold and other New World riches. As an investment, however, Jamestown in 1607 was a disaster....

Reform, joint forces

Our Correspondent | 2008-06-06 00:00:00

CHITTAGONG, June 05: Chittagong Customs House (CCH) has realised a huge amount of revenue of around Taka 105 billion during last six months due to strong supervision and monitoring of the joint forces and the reform works. This amount was...