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President for disposing of pending cases for ensuring justice

2008-06-03 00:00:00

President Iajuddin Ahmed Monday emphasised the need for disposing of the huge pending cases with different levels of courts in the country for ensuring justice, reports UNB.The President said this when newly appointed Chief Justice MM Ruhul Amin paid a...

Singer launches spl campaign at its plus shops

FE Report | 2008-06-03 00:00:00

Singer Bangladesh Limited has launched a month-long campaign titled 'Panchti TV Proti Din, Sathe Gari Jite Nin' at Singer Plus shops across the country from June 1.Under the campaign, buyers of refrigerator, air conditioner, colour television, motor cycle, computer, IPS...

Need for responsible tourism

2008-06-03 00:00:00

DISCOVERING Bangladesh is surely enlightening. Henceforth, it would be challenging. With tourism taking its toll on the flora, fauna and cultural identity of exotic Bangladesh, local populace across tourism pockets of the country should extend the onus of sustainability of...

Dollar gains on euro amid rate hike speculation

2008-06-03 00:00:00

TOKYO, June 2 (AFP): The dollar climbed against the euro in Asian trade Monday on speculation that United States (US) interest rate rises could make the currency more attractive, dealers said.But the greenback was slightly easier against the Japanese currency,...

Call rate, dollar show nominal slips

FE Report | 2008-06-03 00:00:00

The inter-bank call money rate eased nominally Monday despite higher demand for cash. The US dollar also weakened slightly against Bangladesh taka (BDT) in the inter-bank foreign exchange market although the demand for the greenback increased, fund managers said.The call...

Chanderpaul fights on rainy day

2008-06-03 00:00:00

Stuart MacGill picked up an important wicket on the day he decided to quit Test cricket but Shivnarine Chanderpaul's solid resistance was decreasing Australia's chances of giving him a farewell victory. On a day shortened to one session because of...

China's economy to grow moderately slower in 2008

2008-06-03 00:00:00

BEIJING, June 2 (Xinhua): China's economic growth is likely to stay high but "may moderately slow down" this year, according to the country's central bank.The economy would be affected by a decelerated world economy, weakened by outside demand and domestic...

Oil prices weaker in Asia

2008-06-03 00:00:00

SINGAPORE, June 2 (AFP): World oil prices weakened in Asian trade Monday amid negative news on the global economy, which could dampen demand, analysts said.In afternoon trade, New York's main oil futures contract, light sweet crude for July delivery, slipped...

Experts, businesses pole apart on formalisation of untaxed money

S M Jahangir | 2008-06-03 00:00:00

The country's front-ranking economists and business leaders have expressed mixed opinions on the government's move to offer fresh opportunity to formalise the undisclosed income.The National Board of Revenue (NBR) recently said the government might offer yet another chance to formalise...

Renata approves 50pc cash, 20pc stock dividends

FE Report | 2008-06-03 00:00:00

The 35th annual general meeting (AGM) of Renata Limited approved cash dividend of 50 per cent and stock dividend of 20 per cent (one bonus share for five ordinary shares) for the year 2007.Renata Chairman SH Kabir presided over the...

Making tax laws work better

Akhter Zamal FCA | 2008-06-03 00:00:00

IT has been observed while assessing income of banking companies by the tax officials in respect of bad-debt, written-off claim for deduction from income, the tax officials refuse to allow the claim of bad-debt written off. This is done on...

corporatewatch

EGMs | 2008-06-02 00:00:00

IPDC: The authorities of IPDC have stated that the 10th extraordinary general meeting (EGM) of the company will be held at Trust Milonayaton, 545, Old Airport Road, Dhaka Cantonment, at 10am. Other information in connection with the EGM will remain...

Three die while cleaning septic tank in Moulvibazar

2008-06-02 00:00:00

MOULVIBAZAR, June 1 (UNB): Three construction workers died from gas poisoning after they got into a septic tank of an under-construction building at Dakshin Bazar in Kulaura Upazila headquarters Sunday.The dead were identified as day labourers Roly (20) and Sumon...

Decision on Hasina's bail prayer in Niko scam case June 5

2008-06-02 00:00:00

A special court Sunday fixed June 5 for order on bail prayer filed by former Prime Minister and Awami League president Sheikh Hasina in connection with the Niko scam case, reports UNB.After extensive legal arguments submitted by both the defence...

commodities digest

OPEC chief insists speculation | 2008-06-02 00:00:00

behind price risesALGIERS, June 1: OPEC president Chakib Khelil again blamed speculators for the steep rise in oil prices Saturday, insisting that supply was not a problem. "There is no problem of supply, the problem is much more linked to...

Railway's glorious past and present

Amirul Islam | 2008-06-02 00:00:00

The government-owned Bangladesh Railway (BR), whose origin can be traced back to the British period in this region, is presently a neglected mode of transportation. But it could retain its previous position as the more sought after means of transporting...

Government needs to stand by our workers abroad

2008-06-02 00:00:00

Bad news is reaching us from abroad about our workers there. When the papers were writing about harassment of Bangladeshis in Saudi Arabia, the real blow came from Bahrain, which imposed a ban on any further recruitment of workers from...

UK co to invest Tk 40m in Uttara EPZ

Our Correspondent | 2008-06-02 00:00:00

NILPHAMARI, June 01: Messrs Oasis Transformation Co. Ltd. will invest Tk 40 million (4.0 crore) in the Uttara Export Processing Zone (EPZ) in Nilphamari district.Sources said the British company will set up an agro-processing plant to use agro-products of the...

city events

Bodybuilding training | 2008-06-02 00:00:00

camp beginsA month-long bodybuilding training camp, organised by Bangladesh Bodybuilding Federation (BBF), began at the NSC gymnasium in the city Sunday. National Sports Council (NSC) director M Haiyul Qayyum inaugurated the training camp in the morning. BBF Vice President and...

Unregistered cell phone numbers to be blocked

FE Report | 2008-06-02 00:00:00

The cell phone owners who have failed to get their numbers re-registered within the extended deadline (May 31) will not get any more chance to do so."The drive continued for nine months. The numbers which were not re-registered will be...

Beijing Olympics faces security challenge

2008-06-02 00:00:00

SINGAPORE, June 1 (Reuters): The Beijing Olympic Games will face bigger security challenges compared with previous games because of the threat of a terrorist attack, a top Chinese military official said Sunday.Ma Xiaotian, deputy chief of general staff of the...

GP, Huawei sign $600m deal for network expansion

Naim-Ul-Karim | 2008-06-02 00:00:00

The country's largest mobile operator Grameenphone, the Bangladesh subsidiary of Norwegian Telenor, has assigned the global telecommunications network solutions giant Huawei to develop its infrastructure at a cost of $600 million, a senior official said Sunday.In this connection, the official...

Facilitating informal sector of the economy

2008-06-02 00:00:00

In most of the developing and least developed economies business is yet to overcome the many hurdles placed by bureaucracy and clientelism. As a result, it is not the business proper, but the organised groups of rent or commission-seekers at...

Khaleda demands polls in Oct, emergency lifting within June

2008-06-02 00:00:00

Former Prime Minister Khaleda Zia Sunday demanded general election in October and lifting of the state of emergency within the current month to create congenial atmosphere for the polls, reports UNB.In her first appearance in a special court after nine...

World leaders to address food crisis in Rome

2008-06-02 00:00:00

ROME, June 1 (AFP): World leaders are set to gather in Rome Tuesday for a high-profile summit on food security as runaway prices have sparked riots across the world.UN Secretary General Ban Ki-moon will open the conference by unveiling an...

developments in the region and abroad

2008-06-02 00:00:00

Pak advances clock by one hour to save energyISLAMABAD, June 1 (AFP): Pakistan will advance the official clock by one hour at the stroke of midnight Saturday to use more daylight time in a bid to conserve energy, the interior...

Midas to organise training on Start Your Own Business

2008-06-02 00:00:00

A five-day training course organised by the MIDAS (Micro Industries Development Assistance And Services) on "Start your own business" will begin at its head office in the city on June 8.The course will be held between 2pm and 6pm everyday,...

Govt treads tough line as Tk 4.45b reinsurance claims lie unsettled

S M Jahangir | 2008-06-02 00:00:00

The government has gone tough on settlement of reinsurance claims involving nearly Tk 4.45 billion (445 crore) that the state-owned Sadharan Bima Corporation (SBC) is liable to pay to other private insurers.The Ministry of Commerce has set a September 30...

Govt trying to persuade political parties to join dialogue

2008-06-02 00:00:00

Communication Adviser Maj Gen (retd) Ghulam Quader Sunday said that the government was trying its utmost to persuade the political parties including the Awami League (AL) and the BNP to join the dialogue ahead of the parliamentary elections, reports UNB.

Objections against delimitation of JS constituencies galore

2008-06-02 00:00:00

In an objection galore against delimitation of parliamentary constituencies, the Election Commission's complaint box is full with 3,000 objections on 51 out of the 64 redesigned seats, reports UNB.However, the EC is yet to set the principles on which they...