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Annis to act to restore business confidence, tackle prices

2008-03-19 00:00:00

Jasim Uddin Haroon President in waiting of the country's apex trade body Annisul Huq said restoring business confidence and tackling commodity price hike would be his key challenges as he takes over the helm of FBCCI today (Wednesday).Annis made the...

Premier Bank to open separate cells for micro, large industries

2008-03-19 00:00:00

FHM Humayan KabirPremier Bank Ltd plans to open two separate service cells for micro and large enterprises by June this year aiming to extend support to the country's industrial development, chief executive of the bank said."We'll set up an SME...

India treads carefully over Tibet diplomacy

2008-03-19 00:00:00

Amy Yee FT syndication ServiceNEW DELHI: India, home to the Tibetan government-in-exile, is walking a diplomatic tightrope as the largest pro-Tibet demonstrations in decades erupt in violence in neighbouring China. The Dalai Lama, Tibet's spiritual leader, on Sunday suggested New...

Duty-, tax-free import of raw hides sought

2008-03-19 00:00:00

FE ReportLeather goods exporters have urged the government to offer similar fiscal incentives to the commercial importers of raw hides as enjoyed by tannery owners. The exporters made this plea at a pre-budget discussion meeting with the National Board of...

64 selected for CIP status

2008-03-19 00:00:00

Doulot Akter MalaThe government Tuesday selected 64 leading businessmen and chamber leaders to award them with the status of commercially important persons (CIPs) for 2007 on exports and trade.The persons will receive the CIP status on the basis of export...

Science Briefing

2008-03-19 00:00:00

Clive CooksonDam waters curb rising sea levelsThe growing volumes of fresh water held behind dams in the world's artificial reservoirs have had an appreciable mitigating effect on rising sea levels, according to a surprising study published in the latest issue...

Best Air planning to buy six Airbus aircraft

2008-03-19 00:00:00

Best Air, the country's third private airliner, is likely to go for a deal with the company Airbus to procure six aircraft to stay in the competition as their rivals are moving ahead with their own plans, reports UNB.'We're planning...

Call rate unchanged, dollar stable

2008-03-19 00:00:00

FE Report The inter-bank call money rate was stable with upward bias Tuesday due to injection of large amount of fresh cash into the market. The US dollar also maintained stable nerve in the inter-bank foreign exchange market, fund managers...

Ten spl courts to try cases under CrPC

2008-03-19 00:00:00

Ten special judges' courts in the Sangsad Bhaban area have been given judicial powers to conduct criminal cases, the law ministry said in a circular Tuesday, reports bdnews24.com. The courts earlier assigned to deal with only corruption cases will now...

Report on Myanmar rice export ban refuted

2008-03-19 00:00:00

The government of Myanmar has not taken any decision to stop rice export or stop issuance of permits for rice export to Bangladesh as reported in local newspapers, reports UNB.Bangladesh Ambassador to Myanmar has phoned the Commerce Secretary saying that...

Five bankers receive death threats

2008-03-19 00:00:00

BAGERHAT, Mar 18 (UNB): Branch managers of five banks here received death threats from a suspected extremist group Sunday and Monday. Branch managers of Pubali Bank Limited, Rupali Bank Limited, Uttara Bank Limited, Janata Bank Limited and Islami Bank Bangladesh...

3-day Malaysian trade fair begins in city tomorrow

2008-03-19 00:00:00

FE Report Showcase Malaysia, an exclusive Malaysian trade fair, begins tomorrow (Thursday) in the city aiming to strengthen the bilateral trade relations between Dhaka and Kuala Lumpur.The three-day trade fair is being organised by Bangladesh-Malaysia Chamber of Commerce & Industry...

Tax holiday is not always the devil

2008-03-18 00:00:00

Masih Malik ChowdhuryTHE impact of tax holiday on development, in this country, has been misconceived, misinterpreted or underestimated by the vested groups, especially the donors or those who want Bangladesh to sustain itself on others' surmise, not on its own...

An unforgiving eye

2008-03-18 00:00:00

Jennifer Hughes and Gillian Tett ACCOUNTING rules rarely top senior executives' agendas. But when Axa, the mighty French insurance firm, recently unveiled its results, its bosses were unusually outspoken in voicing their criticism of bean-counters."If you are in the medical...

Promoting ship-building industry

2008-03-18 00:00:00

An opportunity is showing up for Bangladesh to promote an emerging sector and make it a largely successful one in a short period of time and earn a bounty in foreign currencies on a sustainable basis. This is the country's...

Affordability, rather than availability, of foodstuff is the real issue

2008-03-18 00:00:00

Syed Fattahul AlimSOARING prices of essential commodities is going fast beyond the reach of the people living in the limited income bracket. Recently, rise in the price level has become extremely erratic so much so that according to a study...

China's grandfather has to find his balance

2008-03-18 00:00:00

Richard McGregorON March 17, "Grandfather Wen", as Wen Jiabao is known, holds his annual press conference at the close of the National People's Congress. With a captive audience running to hundreds of millions, China's premier will be in command of...

Dhaka is becoming uninhabitable

2008-03-18 00:00:00

Harunur RashidTWO master plans for Dhaka city, prepared at two different periods, existed in paper only. Different stakeholders ranging from the government's utility agencies to private developers felt no compulsion to adhere to any master plan, as there was no...

Reckless driving may cause explosion

2008-03-18 00:00:00

REALISTIC steps are urgently needed against reckless driving, particularly in the capital city to save thousands of lives. Lives of people are threatened by reckless driving. The threat level increased in recent times due to gas-converted vehicles on the streets....

Upgrading education

2008-03-18 00:00:00

A complete overhaul of the education system is necessary. The thrust at the primary, secondary and higher secondary stages should be on need-based education. Agricultural, vocational, scientific, technical and managerial education should be important components of syllabuses progressively throughout these...

Forgery by NGOs

2008-03-18 00:00:00

NEWSPAPERS have carried a good number of reports during the recent days about various acts of forgery by some unscrupulous non-governmental organisations (NGOs) in Natore. We are really perplexed because the district administration there failed to take any action against...

Money receipt forgery in passport making : 5 held

2008-03-18 00:00:00

Our CorrespondentMANIKGANJ, Mar 17: In an overnight operation in different areas in Manikganj district and Dhamrai in Dhaka district Monday, the police arrested five persons, including a Sonali Bank official, for their alleged involvement in money receipt forgery in passport...

Business entities urged to practise CSR activities

2008-03-18 00:00:00

FE ReportSpecial Assistant to the Chief Adviser for the Ministry of Industries Mahbub Jamil has called on the business entities in the country to pay due attention to Corporate Social Responsibility activities as part of their responsibility to the society....

'After slowdown, Bangladesh-Germany business picking up'

2008-03-18 00:00:00

M Azizur RahmanBangladesh would be a very lucrative country for overseas investments if political stability was established and it continued to persist, said Boris Alex, a correspondent for German Office for Foreign Trade."Investors are now watching the political developments and...

Clients urged to extend remittance business thru' PBL service

2008-03-18 00:00:00

FE ReportThe board of directors of Pubali Bank Ltd (PBL) recently hosted a party at Chittagong Club in honour of the elite and distinguished business persons. Chairman of PBL's board of directors Hafiz Ahmed Majumder spoke on the occasion.PBL directors...

Bank Asia opens branch at Rohitpur near city

2008-03-18 00:00:00

FE ReportThe 30th branch of Bank Asia was opened at Rohitpur under Keraniganj Upazila off the city Sunday. President and Managing Director of the bank Syed Anisul Huq inaugurated the branch. Upazila Nirbahi Officer of Keraniganj Mohammad Aminul Islam was...

Chevron's scholarship to underprivileged children

2008-03-18 00:00:00

FE ReportChevron Bangladesh has recently awarded scholarships to some 30 underprivileged students of Surovi for the year 2008 under its annual scholarship programme. Chevron partnered with Surovi and launched this programme in 2001 to provide impetus to the academic pursuit...

Micro-credit facing 'second generation challenges'

2008-03-18 00:00:00

COMILLA, Mar 17 (UNB): Speakers at a workshop urged all to find out some innovative micro-credit delivery systems to rural poverty alleviation through sharing and exchanging views and experiences of different countries.They said the micro-credit programme has been facing second...

Local co to invest $15.6m in KEPZ

2008-03-18 00:00:00

FE ReportM/s Modiste (Bangladesh) Limited, a Bangladeshi company, will set up a textile and garments manufacturing industry in Karnophuli Export Processing Zone (KEPZ) involving 15.6 million US dollars.The company will create an employment opportunity for 1812 Bangladeshis and seven foreign...

DCCI, British HC sign MoU

2008-03-18 00:00:00

FE ReportDhaka Chamber of Commerce and Industry (DCCI) and British High Commission in Bangladesh signed a memorandum of understanding (MoU) at a city hotel recently. Under the MoU, the British High Commission will facilitate issuance of business visitor visa to...