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Siemens to help improve Dhaka's transportation

2008-02-16 00:00:00

Raihan M Chowdhuryback from California (USA) Siemens AG, one of the leading engineering conglomerates of the world, will provide support to improve Dhaka's nagging transportation infrastructure."We will obviously welcome your country's effort to improve the transportation, if we get any...

Khaleda's letter to CEC gets stuck in a rut

2008-02-16 00:00:00

A senior prisons official has said detained former prime minister Khaleda Zia is not allowed to send out any "political" letter in line with the jail code, reports bdnews24.com. Deputy Inspector General (DIG) of prisons Shamsul Haider Siddiqui Friday made...

Hasina rejects doctor’s recommendation of transfer to hospital

2008-02-16 00:00:00

Detained Awami League (AL) President Sheikh Hasina Friday spurned the jail authorities' proposal to take admission in a hospital for treatment, reports UNB.Inspector General (Prisons) Brig Gen Zakir Hossain told the news agency that they along with Skeikh Hasina's personal...

Economic indices show upward trend: Zillur

2008-02-16 00:00:00

CHITTAGONG, Feb 15 (bdnews24.com): Commerce and education adviser, Dr Hossain Zillur Rahman, Friday said that all economic indices were showing an upward trend. He said the rise of people's expectations was now working as a pressure on the government. So,...

Dhaka, Delhi sign deal on air-route expansion

2008-02-16 00:00:00

FE Report Designated airlines from Bangladesh can operate any number of services to 18 tourist getaways in India while Indian carriers can now fly to Sylhet in Bangladesh, besides Dhaka, said a civil aviation official. A memorandum of understanding (MoU)...

Present govt to finalise coal policy: Tamim

2008-02-16 00:00:00

The Chief Adviser's Special Assistant M Tamim said Friday the coal policy would be finalised under the present government, reports bdnews24.com. Speaking at the inaugural ceremony of a workshop of energy affairs reporters, M Tamim said gas could be used...

Team bound for Australia to woo investors

2008-02-16 00:00:00

A Bangladesh delegation was set to embark on a week-long visit to Australia Friday to seek Australian investment in different sectors of the country. Executive Chairman of Bangladesh Export Processing Zones Authority (BEPZA) Ashraf A Yussuf and Director General of...

JU plays host to country's tallest Shaheed Minar

2008-02-16 00:00:00

A Bangladesh delegation was set to embark on a week-long visit to Australia Friday to seek Australian investment in different sectors of the country. Executive Chairman of Bangladesh Export Processing Zones Authority (BEPZA) Ashraf A Yussuf and Director General of...

JU plays host to country's tallest Shaheed Minar

2008-02-16 00:00:00

Jahangirnagar University has erected the country's tallest Shaheed Minar on its campus to commemorate the Language Movement martyrs. Vice-chancellor of the university, Prof Khondoker Mustahidur Rahman, inaugurated the 71-foot high memorial Wednesday, although the structure was completed a year ago....

DSE stocks take breather

2008-02-15 00:00:00

FE ReportShares on the Dhaka Stock Exchange (DSE) continued to remain stagnant Thursday amid the persistent decline in turnover.Dominated by losers, the total turnover hit a nine-day low at Tk 1.81 billion (181 crore) from the previous day's Tk 1.91...

Govt set to revise RADP next month

2008-02-15 00:00:00

FE ReportThe government is set to finalise the revised annual development programme (RADP) of current fiscal by early March this year, official sources said."We held a series of meetings for sorting out the priority and new projects. Those will be...

Some changes in SEC direct listing rules proposed

2008-02-15 00:00:00

Kayes M SohelA public limited company which will float its shares under direct listing regulations will have to sell all of its shares within 30 trading days aiming to minimise the manipulation risks.A committee comprising representations from different stakeholders to...

Maya gets 13 yrs' jail for graft

2008-02-15 00:00:00

A Dhaka court Thursday sentenced Awami League leader Mofazzal Hossain Chowdhury Maya to 13 years' imprisonment for graft, reports bdnews24.com. Judge Md Ashraf Hossain of Special Judge's Court-5 sentenced the accused in absentia, and also handed down a Tk 50...

Hasina to undergo treatment outside jail

2008-02-15 00:00:00

Detained Awami League President Sheikh Hasina has finally consented to take eye treatment from outside the makeshift jail, where she has been detained since July 16 last year. DIG (Prisons) Major Shamsul Haider Siddiqui said, the former Prime Minister has...

Two HK cos to invest $105m in DEPZ

2008-02-15 00:00:00

Two Hong Kong-based Chinese companies Thursday signed a deal with Bangladesh Export Processing Zones Authority (BEPZA) to install two textile units with an investment of $105 million. Chief Executive Officer and Managing Director of Goldex Limited and Queen South Textile...

Police demolish illegal structures at Pallabi

2008-02-15 00:00:00

Police Thursday demolished illegal structures on 465 plots on 86 acres of land at the Ainuddin and Raizunnesa Bibi Wakf Estate at Doarapara in the city's Pallabi area, following a Supreme Court order. Police said, some 600 law-enforcers, led by...

Move to settle Biman's fuel oil bills with BPC suffers blow

2008-02-15 00:00:00

S M JahangirAn official move to help Biman Bangladesh Airlines settle its outstanding fuel oil bills with Bangladesh Petroleum Corporation (BPC) has suffered a blow following Biman's dispute with the National Board of Revenue (NBR)over import duty payment.The interim government...

Pay channels 'must take permission from central bank'

2008-02-15 00:00:00

FE Report The satellite channel distributors, particularly the pay channels, must take permission from the Bangladesh Bank (BB) to run their businesses in the country. The central bank has introduced a new guideline making obtaining the permission mandatory to facilitate...

Utilise every inch of land to boost food output: Moeen

2008-02-15 00:00:00

Amid a production shortfall of food grains, Chief of Army Staff General Moeen U Ahmed Thursday called for utilising every inch of the country's land for boosting her food output, reports UNB.He made the remark while addressing a rally on...

US entrepreneurs keen to invest in Internet sector

2008-02-15 00:00:00

US entrepreneurs have shown their keen interest to invest in Bangladesh's Internet sector, including VoIP, as they found it very potential in rural development, reports UNB.US Charge d' Affaires Geeta Pasi said this during a meeting with CA's Special Assistant...

Khaleda urges CEC to hold talks with Delwar

2008-02-15 00:00:00

Detained BNP chairperson Khaleda Zia Thursday sent a letter to the chief election commissioner (CEC) urging him to hold dialogue with the BNP secretary general she nominated, lawyers said Thursday. "The letter has been handed over to the jail authorities...

NCC Bank, TMSS launch remittance payment project

2008-02-15 00:00:00

FE Report National Credit and Commerce (NCC) Bank Limited, in consortium with Thengamara Mohila Sabuj Sangha (TMSS), has launched a foreign remittance payment project aiming to transfer remittances, sent by expatriates, faster to the families in rural areas.NCC bank Ltd...

Businesses hail plan to secure second submarine cable link

2008-02-15 00:00:00

Raihan M ChowdhuryBusiness leaders and market operators have hailed the Chief Adviser's announcement to secure a second submarine cable link under a package programme undertaken by the government for the ICT sector to reap maximum benefit from the global information...

Seized bank notes under investigation

2008-02-15 00:00:00

FE Report Bangladesh Bank (BB) has instructed its department concerned to investigate the seven pairs of counterfeit bank notes recently seized by members of the Rapid Action Battalion (RAB).All the seven pairs of 500-taka denominations notes had the same serial...

DCC commissioners press for judicial probe

2008-02-15 00:00:00

DCC ward commissioners continue to press for a formal judicial enquiry into the death of fellow commissioner Qayyum Khan, reports bdnews24.com. At the 12th general meeting of Dhaka City Corporation (DCC), held at Nagar Bhaban Thursday, Dhaka mayor Sadeque Hossain...

Opposition victory not a certainty in Pakistan

2008-02-15 00:00:00

It is midnight and Khurshid Kasuri, foreign minister in Pakistan's outgoing government, limps home from the campaign trail. One of the most prominent members of Pervez Musharraf's military-backed regime seeking re-election in Monday's general election, Mr Kasuri is fighting a...

Postman to be engaged in issuance of passports

2008-02-15 00:00:00

FE ReportThe government is going to engage postman in activities relating to issuance of passport following success of a pilot project run by the Bangladesh Postal Department, officials said.Bangladesh Postal Department has proposed to the government for involvement of postman...

Call rate fluctuates, dollar unchanged

2008-02-15 00:00:00

FE Report The inter-bank call money rate fluctuated Thursday with its lowest edge rising and the highest edge falling. The US dollar, however, remained unchanged in the inter-bank foreign exchange market due to moderate demand for the greenback, fund managers...

China suffers first defeat at WTO over auto parts

2008-02-15 00:00:00

GENEVA, Feb 14 (AFP): China suffered its first defeat at the World Trade Organisation (WTO) after it upheld a complaint by the United States, European Union and Canada over import tariffs on car parts, sources close to the case said....

US economy should dodge recession: Paulson

2008-02-15 00:00:00

WASHINGTON, Feb 14 (Reuters): The United States is experiencing a "significant" housing market downturn but the economy is fundamentally sound and should avoid recession, Treasury Secretary Henry Paulson will tell Congress Thursday."The US economy is fundamentally strong, diverse and resilient,...