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Fertiliser smuggling

2008-02-11 00:00:00

The special committee on law and order has directed the law enforcement bodies to take vigorous measures to stop the smuggling out of fertilisers to neighbouring countries. Fertilisers in those countries are much higher priced which provides the incentives to...

Raising the investment ranking

2008-02-11 00:00:00

Foreign investors often take their investment decisions not out of their first hand experiences in a country. They are mainly influenced by local trends of investments, and looking at policies and the regulatory framework. In international ranking, Bangladesh scores well...

Improving garbage collection

2008-02-11 00:00:00

NOWADAYS, the garbage carrying vehicles of the Dhaka City Corporation can hardly be seen. No doubt waste collection in the city's different areas has improved, but the improvement is yet not to a level that can justify the disappearance of...

Operating private airlines efficiently

2008-02-11 00:00:00

Imran AsifAS the saying goes -- "better late than never"! It took the time till the state-owned airline found itself in a state of acute predicament, and more than 90% of the market of air travellers into and out of...

Wealth ceiling for the public leaders

2008-02-11 00:00:00

Muhammad Samsul HoqueGREED and corruption go hand in hand in the accumulation of wealth. The Holy Qur'an prohibits accumulation of wealth. Economic and social justice remain the obligation of the state as written in the Constitution of the People' s...

Remembering Asad at his birthplace

2008-02-11 00:00:00

Muhammad Quamrul IslamA WEEK before 40th Asad Day, January 20, I received an invitation from 'Shahid Asad Dibash Udjapan Committee 2008' (Martyr Asad Day Observance Committee 2008) to speak on Asad at a discussion at Hatirdia Raziuddin Degree College in...

Dhaka-London relations form a Global Partnership: FA

2008-02-11 00:00:00

Foreign Adviser Iftekhar Ahmed Chowdhury Sunday said the relationship between Bangladesh and the UK constitute a "partnership for which both sides are proud." He made the remark while commenting on the outcome of the visit by British Foreign Secretary David...

SC clears way for proceedings of case against Mayor Mohiuddin

2008-02-11 00:00:00

The Supreme Court (SC) Sunday reversed for a week a High Court (HC) order clearing way for trial proceedings of the Bijoy TV scam case against detained Chittagong City Corporation (CCC) Mayor ABM Mohiuddin Chowdhury, reports UNB. Chamber court of...

JSD, Bikalpadhara to start process of forming grand alliance

2008-02-11 00:00:00

Jatiya Samajtantrik Dal (JSD) and Bikalpadhara have said they consider it too early to start the process of forming a 'grand alliance,' reports bdnews24.com. The two parties held a joint press conference at the KC Memorial in Baridhara Sunday, following...

Huda, Sigma charged with 'car extortion'

2008-02-11 00:00:00

A Dhaka court Sunday charged former communications minister Nazmul Huda and his wife Sigma Huda with taking a car in bribe from a businessman, reports bdnews24.com. Dhaka metropolitan sixth assistant sessions judge Shafiul Azam framed the charges against them in...

HC ask ACC to show cause over Koko’s wealth report

2008-02-11 00:00:00

The High Court (HC) Sunday issued a rule upon the Anti-corruption Commission (ACC) to explain why its notice asking ex-Prime Minister Khaleda Zia's youngest son detained Arafat Rahman Koko to submit his wealth statement "should not be declared illegal," reports...

Jubo League leader stabbed to death

2008-02-11 00:00:00

CHITTAGONG, Feb 10 (UNB): A Jubo League leader was stabbed to death by miscreants at Madanhat under Sitakunda Upazila Saturday midnight. Local people said the miscreants numbering 5/6 intercepted Jubo League Sonaichhari union secretary Ridwan Ahmed (36), when he reached...

IFC suggests measures to improve 'doing business' indicator ranking

2008-02-11 00:00:00

Doulot Akter MalaThe International Finance Corporation (IFC), a World Bank (WB) arm, has suggested that the government reduce time, cost and procedures of launching any new business to improve the 'doing business indicator' of Bangladesh.The formal starting cost of a...

BB hopeful about near-term economic turnaround

2008-02-11 00:00:00

FE Report The Bangladesh Bank (BB) sees the near-term outlook of the country's economy favourable because of its potential of making strong recovery. The central bank has made the positive observation despite the negative impact of the two consecutive floods...

Flawed market management blamed for soaring inflation

2008-02-11 00:00:00

FE ReportAn expert committee has held flawed market management, lack of businesses confidence and insufficient buffer stock responsible for the soaring inflation that has put the country's macro-economy under challenge, official sources said.The Consultative Committee on Economic Policies, Management and...

SC defers hearing in govt appeal until Feb 12

2008-02-11 00:00:00

The Appellate Division of the Supreme Court (SC) Sunday deferred to February 12 the hearing on government petition for stay on the High Court (HC) judgement scrapping the trial of ex-Prime Minister Sheikh Hasina in an extortion case under the...

Fresh move to engage BAPEX more in oil, gas explorations

2008-02-11 00:00:00

M Azizur RahmanThe energy ministry has taken a fresh initiative to extensively engage the state-owned BAPEX in oil and gas exploration activities to ease the country's looming gas scarcity in the years to come, official sources said."We have already asked...

Bangladesh is in an area of globe vital to US interests

2008-02-11 00:00:00

US Ambassador-designate to Bangladesh James Moriarty has said Washington wants that Bangladesh's caretaker government move as quickly as possible to take additional steps to restore civic freedom and democracy, reports UNB. Appearing before the US Senate Foreign Relations Committee in...

Wheat price surge raises inflation fears

2008-02-11 00:00:00

Chris Flood, FT Syndication ServiceLONDON: A fall in US inventories of wheat to a 60-year low drove prices of the grain sharply higher late last week to a fresh record, intensifying fears of rising global food price inflation.US wheat futures...

BCL-Shibir clash leaves 50 hurt at Dhaka Polytechnic

2008-02-11 00:00:00

At least 50 students of Dhaka Polytechnic Institute were injured in a violent clash between Bangladesh Chhatra League (BCL) and Islami Chhatra Shibir (ICS) activists following a brawl over sitting in the dining-room of a dorm.Principal of the institute Shamsul...

Dhaka stocks fall due to price correction

2008-02-11 00:00:00

FE ReportDhaka stocks fell Sunday led by banks, pharmaceuticals, energy and power issues snapping a two-day gaining streak due mainly to price correction.Analysts and market operators attributed fall of stock prices on the Dhaka Stock Exchange (DSE) to price correction.The...

Indian ban pushes up coarse rice prices

2008-02-11 00:00:00

Jasim Uddin Haroon The prices of coarse variety rice soared by around 7.0 per cent in the wholesale market Sunday following the ban on non-Basmoti rice export by India.The Indian government slapped last Friday a ban on the rice export...

Nine named as Ekushey Award winners for 2008

2008-02-11 00:00:00

The government has decided to honour nine people with the national Ekushey Award this year, six of them to be honoured posthumously. Professor Muzaffer Ahmad, chairman of Transparency International Bangladesh board of trustees, noted social scientist Najma Chowdhury and music...

Workers of Baropukuria coal field on strike for wage hike

2008-02-11 00:00:00

DINAJPUR Feb 10: About seven hundred local workers of Baropukuria coal mine went on strike since Saturday night demanding wage hike hampering production. But operation of the coal mine continued with some 300 Chinese workers, authorities said. The workers on...

Body of physician recovered in city

2008-02-11 00:00:00

Police recovered the body of a physician from near Azampur rail crossing in Uttara early Sunday. The dead was identified as Dr Shahabuddin Ahmed (53), a resident of house 14/A, Road-2/B, Sector-5, Uttara. Shahabuddin used to practice in Rahmania Pharmacy...

FICCI seeks quick decision on $5.5 billion investment plans by Tata, Asia Energy

2008-02-11 00:00:00

FE Report Foreign investors in the country have urged the government Sunday to make quick decision on the fate of $5.5 billion investment proposals by big companies such as Tata of India and Asia Energy of the United Kingdom."The government...

BB relaxes conditions for agricultural loans

2008-02-11 00:00:00

FE Report The Bangladesh Bank (BB) has relaxed its conditions for agricultural loans allowing changes to the extent of 20 per cent, in place of existing 10 per cent, while sanctioning credits on the basis of the usual norms for...

Bread prices soar amid soaring cost of flour

2008-02-11 00:00:00

Mahmuda ShaolinThe prices of bread and bakery items shot up by 30 per cent since late last year amid soaring cost of wheat, edible oil and powdered milk in the local market, bakers said Sunday.The city's top bakery houses said...

Saifur against any precondition for BNP unity talks

2008-02-11 00:00:00

BNP acting chairman Saifur Rahman said Sunday unity talks in BNP must be held without any precondition, as he rejects party secretary general Khandaker Delwar Hossain's condition that for any reconciliation, Saifur must dismantle his committee, reports UNB."We want unity,...

NBR to expand CIC to net more tax-dodgers

2008-02-11 00:00:00

The National Board of Revenue (NBR) has decided to expand the activities of its Central Intelligence Cell (CIC), and approved the expansion of the wing following considerable success in the last three years, reports UNB.NBR Chairman Muhammad Abdul Mazid recently...