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Call rate eases in most deals, dollar stable

2008-03-13 00:00:00

FE Report The inter-bank call money rate eased in most deals Wednesday but maintained its overall range steady with injection of fresh cash into the market. The US dollar was mostly steady in the inter-bank foreign exchange market, fund managers...

Oil prices edge up ahead of data

2008-03-13 00:00:00

VIENNA, Mar 12(AP): Oil prices edged up Wednesday but were still below the intraday peak of almost $110 a barrel set a day earlier, supported by further weakening in the U.S. dollar.Traders were awaiting the release of data later Wednesday...

NBR to help RMG compete in int’l mkt

2008-03-13 00:00:00

FE ReportThe National Board of Revenue (NBR) will take effective measures in the next budget to help the local readymade garments compete in the international market, its chief said Wednesday."The board has been trying with all its efforts to simplify...

BB eases capital adequacy requirement provision for banks

2008-03-13 00:00:00

Siddique Islam The Bangladesh Bank (BB) has allowed the commercial banks to show a maximum of 50 per cent of the revaluation reserves of the government approved securities held by them to meet their capital adequacy requirement."We expect the latest...

AL requests CA to release Hasina for treatment in US

2008-03-13 00:00:00

Bangladesh Awami League Wednesday formally requested Chief Adviser (CA) Dr Fakhruddin Ahmed to release detained party chief Sheikh Hasina and initiate steps for her ear treatment in the United States, reports UNB.An application, signed by party's acting general secretary Syed...

Obama's Mississippi win blunts Clinton's recent gains

2008-03-13 00:00:00

WASHINGTON, Mar 12 (Agencies): Barack Obama's victory in Mississippi last night along with his weekend win in Wyoming has enabled him to erase the advantage with delegates Hillary Clinton won in high-profile races in Ohio and Texas last week. Clinton's...

Fertiliser shortfall reaches 1.35m tonnes this year

2008-03-13 00:00:00

The country needs to import 1.35 million tonnes of fertiliser this year following production suspension in Ghorashal factory, said a senior official Wednesday, reports UNB. But the government is not apparently clear about the shortfall. "It is evident that deficit...

Iftekhar talks worker, investment issues with Saudi minister

2008-03-13 00:00:00

Foreign Affairs Adviser Dr Iftekhar Ahmed Chowdhury held a meeting with Saudi State Minister for Foreign Affairs Dr Nizar Obeid Madani in Dakar Tuesday on the sidelines of the OIC Foreign Ministers Conference, discussing the Bangladeshi workers issue as well...

Four snatchers lynched in mob attack in Ctg

2008-03-13 00:00:00

Four suspected snatchers were killed in a lynch-mob attack and three others were injured near Fouzdarhat railway station in Sitakund under Chittagong Wednesday afternoon, reports UNB. The deceased were identified as Baset (31), Hashem (28), Khorshed (27), and Rowshan (30)....

Imperatives for budgetary stimuli

2008-03-13 00:00:00

The proposals made by the Metropolitan Chamber of Commerce and Industry (MCCI), one of the leading representative associations of businesses in the country in respect of the coming national budget for the next fiscal year, merits a careful attention. The...

An idea that deserves consideration

2008-03-13 00:00:00

Mozzamel HaqueWHEN the idea of a National Security Council (NSC) was first floated for Bangladesh, it evoked a mixed reaction. Some warmly welcomed the idea while others viewed it with suspicion. The latter mainly thought of it as a clever...

Consequences of segmentation in education

2008-03-13 00:00:00

Enayet RasulWHAT the Chief Adviser (CA) has drawn attention to a conference on education recently, merits the urgent attention of policy planners specially in the realm of education. The CA observed that the country would have to overcome segmentation and...

Investors should pick a reason for commodities' run

2008-03-13 00:00:00

John AuthersWE are on the horns of a commodity dilemma. If we believe the judgement of the credit and stock markets, then the US financial services industry, the engine of the world's markets, is in a critical state. Meanwhile, the...

Energy planning

2008-03-13 00:00:00

THE energy sector of the country is a source of worry for all. It lacks short, medium and long term planning. The sector is causing serious concern both at macro- and micro-levels of the economy. For the macro level, the...

Recruit specialists to make civil service dynamic

2008-03-13 00:00:00

A dearth of specialist manpower particularly at the higher levels, is hampering the efficient functioning of some government departments. The problem should be addressed by recruiting specialist manpower on contract with special incentive pay and other facilities, where necessary. They...

Ex parte disposal of civil revisions: High Court can restore and re-hear under the code

2008-03-13 00:00:00

Advocate Muhammad Samsul Hoque THE Appellate Division declared, 'no right to be heard' and 'opportunity to be heard' simultaneously in civil revision. The first one permits apparently ex parte disposal and the later one prohibits summary disposal. The former is...

Obama wins Mississippi, as new race row rocks Democrats

2008-03-13 00:00:00

BILOXI, Mississippi, March 12 (AFP): Barack Obama trounced Hillary Clinton in Mississippi's Democratic primary, riding huge support from African Americans, as a nasty new race row rocked their White House battle. The Illinois senator punched back with his second win...

US commander of Middle East forces steps down

2008-03-13 00:00:00

WASHINGTON, March 12 (AFP): The commander of US forces in the Middle East, Admiral William Fallon, is stepping down because reports that he differed with President George W. Bush over Iran had become "a distraction." Defence Secretary Robert Gates announced...

Police open probe into Pakistan attacks

2008-03-13 00:00:00

LAHORE, March 12 (AP): Investigators began probing whether al-Qaida was behind twin suicide attacks that killed 24 people in Pakistan's cultural capital as a new government prepared to take office, police said Wednesday. The bombings on Tuesday were the first...

Iraq violence sees spike

2008-03-13 00:00:00

BAGHDAD, March 12 (AP): Violence appeared to be on the rise in Iraq after a day that saw at least 42 people die - numbers that cast doubt on the easing of sectarian violence following a surge of U.S. forces...

New York governor under pressure to quit over sex scandal

2008-03-13 00:00:00

NEW YORK, March 12 (AFP): New York Governor Eliot Spitzer came under mounting pressure to resign Tuesday, a day after the Democratic crusader once known as the "Sheriff of Wall Street" was linked to a prostitution ring. Republicans in the...

Spain's Rajoy seeks to stay on as opposition chief

2008-03-13 00:00:00

MADRID, March 12 (AFP): Spain's conservative opposition leader said Tuesday he would seek to remain as the head of the Popular Party despite its second straight general election loss under his leadership over the weekend.Mariano Rajoy said although Sunday's election...

Thaksin pleads not guilty to Thai graft charges

2008-03-13 00:00:00

BANGKOK, March 12 (AFP): Deposed Thai premier Thaksin Shinawatra pleaded not guilty Wednesday to corruption charges, in the first case assembled by military-backed investigators to reach court. Thaksin said little during the 20-minute hearing before the Supreme Court, which was...

S Africa outplay Bangladesh by 7 wickets in 2nd ODI

2008-03-13 00:00:00

Visiting South Africa clinched the three-match Warid ODI Series 2-0 with one more match in hand as they crushed hosts Bangladesh by seven wickets in the 2nd ODI at the Mirpur Sher-e-Bangla National Stadium (SBNS) in the city Wednesday, reports...

4th round begins today

2008-03-13 00:00:00

The 4th round matches of the Metropolis Premier Division Cricket League begin today (Thursday) at different venues in the city and its adjoining areas with three matches billed for the day.Holders Abahani Limited will play all-losers Partex SC at the...

Lanka axes icons Jayasuriya, Muralitharan

2008-03-13 00:00:00

COLOMBO, Mar 12 (AP): Sri Lanka has dropped iconic stars Sanath Jayasuriya and Muttiah Muralitharan from its squad for the three-match limited overs series in the West Indies next month, the sport's governing body said Wednesday.Fast bowler Lasith Malinga also...

Host Rajshahi beat Kushtia by 5-0 goals

2008-03-13 00:00:00

Hosts Rajshahi DSA made a flying start in the final round of the JFA Cup Under-15 Football Championship outplaying Kushtia DSA by 5-0 goals at the Rajshahi Stadium Wednesday, reports UNB.They led the first half by 3-0 goals.Ashique struck twice,...

England drop Harmison, Hoggard for second Test

2008-03-13 00:00:00

WELLINGTON, Mar 12 (AFP): England have dropped under-performing pace bowlers Steve Harmison and Matthew Hoggard in their quest to square the series in the second cricket Test against New Zealand starting here Thursday. Their places in the team named Wednesday...

School Volleyball's finals today

2008-03-13 00:00:00

Children Academy and BIT moved into the boys group final of the South Breeze School Volleyball Tournament beating their rivals in the semifinals at the Volleyball Stadium in the city Wednesday, reports UNB.Children Academy eliminated tournament's sponsor South Breeze School...

Federer could meet Murray in last eight at Indian Wells

2008-03-13 00:00:00

INDIAN WELLS, California, Mar 12 (Reuters): World number one Roger Federer could face his nemesis Andy Murray of Britain in the Pacific Life Open quarter- finals after being seeded one in Tuesday's draw. The 26-year-old Swiss is a three-times champion...