Khaleda keeps mum as Mannan tenders salam

Apparently in a snub to her estranged party secretary general Abdul Mannan Bhuiyan, ex-premier and BNP Chairperson Khaleda Zia kept mum although he repeatedly tendered her salam as they met in the courtroom Wednesday in the changed times, reports UNB.Witnesses...

corporatewatch

Akij Securities gets DSE membershipAkij Securities Limited, DSE Member No. 231, has got Broker Registration Certificate No. Reg.-3.1/DSE-231/2008/193, dated January 30, 2008 and valid up to January 29, 2009 vide SEC letter no. SEC/REG-36/DSE-231/2007/65 dated January 30, 2008. The ID...

India cuts duty on some imports from LDCs

India has decided to cut duty on imports from the least developed countries (LDCs), including Bangladesh, for products like cosmetics and toiletries, textile and clothing, furniture and crockery under its newly announced duty-free preference scheme (DFPS), officials said."We have recently...

Imports go up by 25pc in 10 months

The country's overall import grew by 25.07 per cent during the first ten months of the current fiscal over that of the same period of the previous fiscal, officials said."The import trend is still in right track on the basis...

People to foil 'blueprint' of installing govt of handpicks: Khaleda

Former Prime Minister Khaleda Zia Wednesday fired a broadside at the caretaker regime for what she called its 'blueprint' for installing a government of handpicks through a 'sham' election, with a note of caution that such a move will be...

3,000 workers sued for ties to Savar protests

Police Wednesday filed a case against 3,000 garment workers for their alleged ties to protests and a road blockade in Savar, a police officer said, reports bdnews24.com.Garment workers blocked traffic in Savar Tuesday, vandalised vehicles and put up barricades on...

US mortgage applications index hits 6-yr low

NEW YORK, June 4 (Reuters): US mortgage applications fell for a third consecutive week, reaching its lowest level in over six years as demand for home refinancing loans plunged, an industry group said Wednesday.The Mortgage Bankers Association (MBA) said its...

Plea to form nat'l accreditation body on education

Educationists said Wednesday a national accreditation body on education should be formed for maintaining quality of education.They were addressing a seminar, jointly organised by Bangladesh Institute of Development Studies (BIDS) and Northern University Bangladesh (NUB), at BIDS conference room in...

Death anniversary

The 34th death anniversary of Mahbubul Huq, a noted parliamentarian and journalist, former editor of the Daily Purbodesh, will be observed today (Thursday), said a press release.A discussions and doa mahfil will be held in this connection at the Jatiya...

Bangladesh held to 1-1 draw by Bhutan in SAFF opener

Last time runners-up Bangladesh made a frustrating start in the 3rd SAFF Championship as they were forced to a 1-1 draw by lowly Bhutan in the Group B opener at the Sugathadasa Stadium in Colombo Wednesday, reports UNB.With the day's...

NCC Bank board reelects chairman, vice-chairman

Mr Tofazzal Hossain and Mr ASM Mainuddin Monem have been reelected chairman and vice-chairman respectively of the National Credit and Commerce (NCC) Bank Limited for another term.The board of directors of the bank at its meeting held in the city...

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...