Two engineers of R&H arrested on charge of bribery

BOGRA, June 4 (UNB): RAB arrested two engineers of Roads and Highways Department here Tuesday on charge of taking bribe worth Tk 100,000 from a contractor.The arrestees were identified as superintending engineer (SE) of Bogra Workshop Circle of the R&H...

Indian fuel prices jump 10pc

Joe Leahy in Mumbai and Amy Yee in New Delhi, FT Syndication ServiceIndia's government Wednesday increased the price of petrol and diesel at the nation's fuel pumps, ending weeks of political wrangling over what to do about the ballooning fiscal...

Privatise postal dept

In order to regain the postal efficiency, it is better to sell it.Any public university which for any reason goes on damaging education quality must be sold to private entity. Almost paying nothing, they learn nothing from those Universities except...

Wachovia opens office in city today

Wachovia Corp will open a new representative banking office in the city today (Thursday) demonstrating Wachovia's increasing commitment to Bangladesh."We have been doing business in Bangladesh since 1999, and we are extremely excited about expanding our presence in this important...

Grameenphone signs deal with Ascent Group

Grameenphone recently signed an agreement with Ascent Group to provide special discounts to its subscribers.Grameenphone Additional General Manager (Marketing) Riaz M Zaman and Ascent Group Director Syed Anwar Ali signed the agreement on behalf of their respective organisations in the...

Huawei to expand GSM network of GP

Huawei Technologies Ltd, a giant telecom solution provider, signed a contract Tuesday with GrameenPhone, the largest cell phone operator in Bangladesh for large scale capacity expansion and enhancement of next generation GSM core and radio network."We are delighted to choose...

Industrialised states head for economic slowdown

PARIS, June 4 (AFP): The world's leading industrialised powers are headed for weaker economic momentum, with oil prices unlikely to show any significant decline, the head of the Organisation for Economic Cooperation and Development (OECD) predicted here yesterday.But Angel Gurria,...

Eastern Bank holds sales conference

Eastern Bank Limited (EBL) held its Annual Sales Conference 2008 at a city convention centre recently.Consumer Banking sales team of the bank from all over the country participated in the daylong conference.EBL Managing Director-cum-CEO Ali Reza Iftekhar inaugurated the conference.Deputy...

news digest

in rebel ambushLEGASPI, (Philippines), June 4: Three members of an elite Philippine army unit were killed Wednesday in a communist guerrilla ambush near this eastern city, the military said. The three army scout rangers were riding a motorcycle to the...

BDR shops may stop selling rice soon

The para-military, Bangladesh Rifles, may be forced to stop selling rice to poor consumers through its outlets across the country at subsidised price of Tk 25 a kg within a couple of days, sources said.The stock of rice with the...

Fuel oil consumption falls by 0.3m tonnes this fiscal

The country's fuel oil consumption fell by at least 0.3 million tonnes in the outgoing fiscal compared with that of last fiscal year, said an energy division official."Consumption of the fuel oils will not cross 3.5 million tonnes in the...

Illegal occupation by restaurant owner alleged

A senior executive of multinational company SINGER alleged that Managing Director of Global Suppliers Limited Shahrear Ali was running his business illegally occupying a house that belonged to the executive, even after expiry of the contract."On February 28, 2006, four...

Institutional support for the disabled

NEARLY 17 per cent of the population being handicapped by different physical disabilities can't look after themselves. More needs to be done to mitigate their woes. As it is, most of them are compelled to lead a life of complete...

Dhaka's solid waste management problem

IT'S time to celebrate the centuries of Dhaka. But Dhaka has been turned into a city of garbage and recognised as not so clean a city. It's attributable to the low solid waste management capacity of the Dhaka city corporation.Established...

Call rate steady, dollar weakens

The inter-bank call money rate moved on steady track Tuesday despite injection of large amount of fresh cash into the market. The US dollar, however, lost ground against Bangladesh taka (BDT) in the inter-bank foreign exchange market on moderate demand...

Removing incongruities relating to bad debts written off by banks

THE objective of write-up is to help remove some misunderstanding and misinterpretation of the tax law and accounting treatment that have crept into the minds of the bank officials, tax officials, auditors of the offices of the Auditor General, Bangladesh...

Putin quickens tax cuts to revive oil flow

FT Syndication ServiceMOSCOW: Russia's government took its first steps late last month towards $4.0bn of tax cuts to boost investment in the oil industry, amid warnings the country's output could fall for the first time in 10 years.Vladimir Putin, the...

Jr tennis initiative programme begins June 14

The BRAC Bank Junior Tennis Initiative (JTI) Programme, organised by Bangladesh Tennis Federation (BTF), begins in the city on June 14, reports UNB.The main objective of the programme is to introduce tennis among the school kids.Some 12,000 students (8-10 years)...

Biman to formalise $1.26b deal with Boeing by month-end

Biman will formalise the $1.26 billion deal with American aircraft-maker Boeing in the United States for the delivery of eight latest-generation commercial jets to begin in 2013, officials said Tuesday.The limping airliner has already entered into the final accord with...

Nine get BIEC Insurance Award

Bangladesh Insurance Executive Club (BIEC) Monday presented 'Insurance Award- 2008' to nine personalities for their valuable contribution in the field of insurance.The recipients are late Khuda Box, late Mujibur Rahman, late AKM Fazlul Hoque, late Golam Maula, late MR Siddiqui,...

Judges should render duties with integrity: Law Adviser

Law, Justice and Parliamentary Affairs Adviser AF Hassan Ariff said Tuesday the judges should render their duties with integrity and transparency without any fear to reap the benefit of separation of judiciary, which was the expectation of the whole nation,...

Changes in fertiliser subsidy policy

The government, according to a report published in this daily Monday, is planning to bring about major changes in the decades'-old system of subsidised sale of fertiliser. From the next financial year, the authorities concerned might cut down substantially the...

Asia real estate navigating storm

The confluence of economic uncertainty brought on by the deepening subprime crisis has posed a real risk of a systemic financial event and a prolonged global economic slowdown. This, coupled with another round of de-leveraging in the structured credit market...

Former state minister Salahuddin gets 13 years for graft

A Dhaka court Tuesday sentenced former state minister for communications Salahuddin Ahmed to 13 years in jail and fined Tk 20 million (2 crore) for corruption, reports bdnews24.com.The BNP leader will have to serve another year of rigorous imprisonment if...

Emirates flies delegates to FIFA Congress

Emirates flew a large number of the FIFA delegates from around the world to Australia for the 58th FIFA Congress, taking place on 29th and 30th May 2008 in Sydney, says a press release.Once a year, the 208 member association...

Lankan envoy meets BEPZA chief

Sri Lankan High Commissioner in Bangladesh Vadivel Krishnamorthy, along with some potential investors from Sri Lanka, paid a visit to Bangladesh Export Processing Zones Authority (BEPZA) office.They had a fruitful discussion with BEPZA Executive Chairman Jamil Ahmed Khan at BEPZA...

Indian co to invest $3.41m in Adamjee EPZ

An Indian company will set up a garments accessories manufacturing industry in Adamjee Export Processing Zone (EPZ).The company, M/s Tex Zippers (BD) Limited, will invest US$3.41 million (about Tk 230 million) for its plant and will annually produce 250 million...

Hillary may accept Obama's running mate offer

WASHINGTON, June 3 (CNN): The titanic struggle for the Democratic candidacy neared its end Tuesday with final voting expected to push Hillary Clinton aside and usher in Barack Obama as the first ever black U.S. presidential nomination for a major...

Obama, Hillary head toward end line in presidential nomination race

CHICAGO, June 03 (AP): Barack Obama and Hillary Rodham Clinton heaved toward the finish line in their exhaustive Democratic presidential odyssey with Obama poised to claim victory and Clinton facing the prospects of having to abandon a quest that once...

CBC finds no irregularities in its Sylhet branch

Commercial Bank of Ceylon Limited dispelled certain reports appeared in few newspapers relating to the Manager of its Sylhet Branch."The initial investigations made by the Bank reveal that there had been no apparent irregularities directly relating to banking transactions of...