Three ready-made garment (RMG) factories of Azim Group at Kalurghat BSCIC industrial area in Chittagong have been laid off following Sunday's serious labour unrest, reports UNB.The management declared that production in the export-oriented apparel factories would remain suspended "until further...
Dhaka Divisional Special Judge Golam Mortuza Majumder adjourned Monday the hearing in Mig-29 warplane purchase scam case against former Prime Minister Sheikh Hasina and six others until June 11.Prosecution proposed for framing charges against the accused. After hearing the prosecution,...
Dr. Mohammed Hossain | 2008-06-03 00:00:00
IT has been noticed that Bangladeshis working abroad, sent home a record of $6.57 billion in 2007 equivalent to Tk 456.83 billion. The record remittances also pushed up Bangladesh's foreign exchange reserve, implying the importance of this sector. However, it...
Shakhawat Hossain | 2008-06-03 00:00:00
A ban on export of hybrid paddy seed by China has caused much anxiety for the local importers, who are dependent on that country for supply of the variety of input, said a hybrid seed dealer."Chinese hybrid paddy seed sellers...
The Dhaka metropolitan tribunal judge's court sentenced Monday three activists of outlawed JMB to 20 years rigorous imprisonment for possessing bomb making explosive materials, reports UNB.The judge handed down the punishment to Obaidul Islam alias Habib, Shafiqul Islam alias Russel...
Joe Leahy | 2008-06-03 00:00:00
FT Syndication ServiceMUMBAI: South Africa's MTN is considering a reverse takeover of India's Reliance Communications as part of talks to combine the pair and create an emerging markets telecoms giant, people familiar with the matter said.The proposal would follow the...
YONGAN, (China), June 2 (Reuters): China said Monday it could guarantee there would be no epidemics in the earthquake zone, while some survivors complained their farmland was being bulldozed to make way for temporary housing. Where bodies crushed under buildings...
Mahmuda Shaolin | 2008-06-03 00:00:00
The government has provided a fund of Tk 318 million (31.8 crore) to computerise the country's postal services, faced with a tough competition from the private sector, an official of the Bangladesh Post Office (BPO) said Saturday.The Executive Committee of...
NEW DELHI, June 2 (PTI): Prime Minister Manmohan Singh today said many sectors of the economy have now emerged stronger and more competitive, enabling India to grow faster despite a global slowdown."In these past 17 years, despite the many changes...
13th annual convention of Lion District 315A1 was held at Bangladesh-China friendship conference centre in the city recently, said a press release.Commerce and Education Adviser Dr Hossain Zillur Rahman inaugurated the convention while Agricultural and Water Resources Adviser Dr CS...
A special court Monday sentenced detained former BNP MP Mosaddek Ali Falu to five years' rigorous imprisonment for embezzlement of government relief materials, reports UNBJudge Tanjina Ismail also fined Falu Tk 0.53 million in default, to suffer one year more...
FE Report | 2008-06-03 00:00:00
Dhaka stocks tumbled Monday, triggered by sharp fall in share prices of the AB Bank, the market heavyweight company that was ex-dividend.The benchmark Dhaka Stock Exchange (DSE) General Index (DGEN) sank more than 88 points on the day, the highest...
William Easterly, FT Syndication ServiceThe report of the World Bank Growth Commission, led by Nobel laureate Michael Spence, was published late last month. After two years of work by the commission of 21 world leaders and experts, an 11- member...
FE Report | 2008-06-03 00:00:00
Grameenphone (GP) Limited recently signed an agreement with Nam Dhari Malik Seeds Pvt Limited to provide complete communication facilities under its Business Solutions package.Nam Dhari Malik Seeds Managing Director AR Malik and GP Additional General Manager Sajjad Alam signed the...
TEN people were injured last Tuesday as two compartments of a passenger train derailed near Rohanpur at Chapainawabganj. Only a day later last Wednesday, four bogies of a Bhairab-bound passenger train derailed injuring 25 people. Twelve passengers of Chittagong- bound...
Gono Forum President Kamal Hossain Monday suggested establishment of a government of national consensus after the general elections following the model of South Africa's anti-apartheid leader Nelson Mandela, report agencies.Dr Kamal placed a package of proposals including the post-election government...
Olympic torch burns brightly in JingzhouJINGZHOU, Central China, June 2: The Beijing Olympic torch relay started its Jingzhou leg on the middle reaches of the Yangtze River Monday, the last segment in central China's Hubei province. The 18.6-kilometer relay of...
TOKYO, June 2 (AFP): Japan is mulling a request from Sri Lanka to export up to 200,000 tonnes of its imported rice supplies to help Colombo ease acute food shortages, a Japanese foreign ministry official said Monday."We are considering their...
A housekeeping supervisor of Hotel Orchard Plaza was killed in Sunday night's serial explosions that also left around 50 other people wounded, including a few foreigners, reports UNB.Police said Ali Azam, 42, a housekeeping supervisor of the hotel at Naya...
RAPID CITY, June 2 (Agencies): As Barack Obama turns to concentrate on his general election challenge, his rival Hillary Rodham Clinton is mounting a last ditch campaign to stay relevant in what is left of the Democratic presidential contest. The...
John Kay | 2008-06-03 00:00:00
THE Financial Times, with Goldman Sachs, has recently launched its annual business book competition. So the editor raised the question: what makes a good business book?A good book should not be confused with a best-seller. Who Moved My Cheese? by...
CHAPAINAWABGANJ, June 2 (UNB): A market for farmers has been launched for the first time at Hossaindanga in Sadar Upazila for ensuring fair price of their products.GOC of 11 Infantry Division and area commander of Bogra region M Shamim Chowdhury...
Fiona Harvey | 2008-06-03 00:00:00
FT Syndication ServiceLONDON: China has been by far the biggest winner from the Kyoto protocol, receiving tens of billions of dollars in investment to finance low-carbon technology.Last year, 73 per cent of carbon credit projects certified by the United Nations...
PARIS, June 2 (AP): Elena Dementieva advanced Monday to the French Open quarterfinals, winning five consecutive games to start the final set and beating fellow Russian Vera Zvonareva 6-4, 1-6, 6-2.For the No. 7-seeded Dementieva, it's the best showing at...
CHITTAGONG, June 2 (UNB): A student of Premier University was crushed under the wheels of a human hauler at Chandgaon in the city Monday.Police said Muntasir Khan, a BBA 4th semester student of the 'varsity, died on the spot when...
The Ministry of Foreign Affairs (MoFA) took exception to recent statements by foreign missions in Dhaka that "may construe as interference in internal affairs of Bangladesh", reports UNB.A spokesman for the Foreign Ministry said that there had been some recent...
FE Report | 2008-06-03 00:00:00
Chittagong Stock Exchange (CSE) President Nasir Uddin Ahmed Chowdhury has urged the Securities and Exchange Commission for immediate implementation of a long cherished demand for a securities institute in the country.He made the call while speaking as the chief guest...
Chief of Army Staff Moeen U Ahmed called on President Iajuddin Ahmed at Bangabhaban Monday, reports UNB.During the meeting, the army chief apprised the President of the on-going development activities undertaken by the Bangladesh Army.President Iajuddin expre-ssed his satisfaction at...
Bangladesh Bank Governor Dr Salehuddin Ahmed Monday recommended preparing the second PRSP taking inputs from the election manifestoes of the political parties as the election is due in next six months, reports UNB."It would have been best and easy preparing...
Shakhawat Hossain | 2008-06-03 00:00:00
The annual monsoon that will set all over the country late this month will be shorter and favourable for cultivation of major Aman crop, said a weather expert."The monsoon will be fully active from the third week of this month,"...
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