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Decision on large FDI proposals

2007-12-05 00:00:00

IT is a piece of welcome news that the government will take its decisions on various foreign direct investment (FDI) proposals. The report carried Monday by the FE said the decisions on such proposals are likely to be finalised by...

Role of customs in development of inter-agency relationship

2007-12-05 00:00:00

Rashid ul Ahsan ChowdhuryIN the current security-focused national environment, it is high time for Bangladesh Customs to rethink the balance between its traditional role of revenue collection and national security enforcement. It is because, as experts in customs matters, the...

Proper enforcement of law needed to tackle cyber crime

2007-12-05 00:00:00

Konika BiswasSWAPNA Chowdhury, a pretty and smart girl, works in a media outlet. Everything was going well for her until some of her objectionable photos were found on a website. Of course, the pictures were shot without her permission. Naturally,...

Teachers need to be kind

2007-12-05 00:00:00

M Shamsur Rabb KhanTwo recent incidents of high-handedness by schoolteachers resulted in the death of two promising students. A 17-year-old class 12 student in Bihar's Bhagalpur town died on October 26, after he was reportedly thrashed by his schoolteacher. In...

Indian textile export target keeps high

2007-12-05 00:00:00

NEW DELHI, Dec 4 (Xinhua): Struggling to cope with the appreciating rupee and high interest rates, India's Ministry of Textiles fixed the target for exports this fiscal year at a high 25.06 billion US dollars, local newspaper The Indian Express...

Al-Arafah bank holds board meet

2007-12-05 00:00:00

FE ReportThe 157th meeting of the board of directors of Al-Arafah Islami Bank Ltd was held at its head office in the city recently. Chairman of the board of directors of the bank Md Anowar Hossain presided over the meeting....

World faces food shortages

2007-12-05 00:00:00

BEIJING, Dec 4 (Reuters): The world is eating more than it produces and food prices may climb for years because of expansion of farming for fuel and climate change, risking social unrest, an expert and a new report said today....

PVC Pipe Manufacturers Assoc election held

2007-12-05 00:00:00

The 21-member executive committee of Bangladesh PVC Pipe Manufacturers Association, elected for the term of 2007-09, was announced in the association's annual general meeting (AGM) held in its office in the city recently, said a press release.The newly-elected office-bearers are:...

US taps biofuel for heat

2007-12-05 00:00:00

WESTWOOD, Massachusetts, Dec 4 (Reuters): The yellow furnace in the basement of Richard Grady's Massachusetts home puts the retired engineer at the forefront of an environmental revolution. It's stoked by fuel derived from soybeans. Grady and a growing number of...

Crude oil declines on speculation OPEC may increase production

2007-12-05 00:00:00

LONDON, Dec 4 (Bloomberg): Crude oil fell, extending earlier declines, after an OPEC delegate said the group would discuss a production increase at its meeting tomorrow. The Organisation of Petroleum Exporting Countries (OPEC), which is convening in Abu Dhabi, will...

Three-day Medexpo kicks off in city tomorrow

2007-12-05 00:00:00

FE Report The three-day fifth International Medical Exposition (MEDEXPO) - 2007, an annual event displaying medical equipment and providing medical services, will kick off tomorrow (Thursday) at Dhaka Sheraton Hotel. Hospitals and medical equipment manufacturers from eight countries are likely...

banglalink posts revenue of Tk 9.26b in Q3

2007-12-05 00:00:00

FE Reportbanglalink, country's one of the leading telecom operators, ended the quarter (as of Sept 2007) with over 6.0 million subscribers and posted a year-to-date revenue of Tk 9.26 billion.Orascom Telecom Holding (OTH), the holding company of banglalink, recently announced...

Qatar Airways instals entertainment system in new Boeings

2007-12-05 00:00:00

FE ReportQatar Airways unveiled its next generation inflight entertainment system onboard its newly-delivered Boeing 777 aircraft offering every passenger more than 700 entertainment options.Rebranded Oryx Entertainment 'Multiplex in the Sky', there are more than 150 international movies, 150 hours of...

Regulations for ship breaking industry emphasised

2007-12-05 00:00:00

Our Correspondent CHITTAGONG, Dec 04: Formulation and implementation of specific rules and regulations for the ship breaking industry (SBI) has become essential in order to preserve ecological balance, protect the rights of workers as well as ensuring revenue.Speakers expressed the...

EXIM Bank opens its 35th branch at Karwan Bazar

2007-12-05 00:00:00

FE ReportThe 35th branch of Export-Import Bank of Bangladesh Limited was opened at BGMEA complex at Karwan Bazar in the city Monday.EXIM Bank Chairman Md Nazrul Islam Mazumder inaugurated the branch as the chief guest while BGMEA President Anawar ul...

ICMAB Ctg Branch Council holds workshop

2007-12-05 00:00:00

FE ReportChittagong Branch Council of the Institute of Cost and Management Accountants of Bangladesh (ICMAB) organised a day-long workshop on "VAT and Tax Management" in Chittagong recently.Chittagong Chamber of Commerce and Industry President Saifuzzaman Chowdhury inaugurated the session as the...

British co expanding its project in Dhaka EPZ

2007-12-05 00:00:00

FE ReportM/s FCI (BD) Co Ltd is going to expand its project in Dhaka Export Processing Zone (EPZ) soon.The one hundred per cent foreign-owned company will enhance its production space with additional investment of 2.5 million US dollars. After the...

Prime Bank MD urges entrepreneurs to avail banking services

2007-12-05 00:00:00

FE ReportPrime Bank Ltd Executive Committee (EC) Chairman Mohammad Aminul Haque has called upon local entrepreneurs of Rangpur to avail the banking services which give high priority to investors in small and medium enterprises.Aminul Haque said this at a programme...

Tanweer Rahim joins Dhaka Bank as DMD

2007-12-05 00:00:00

FE ReportTanweer Rahim joined Dhaka Bank Limited as the deputy managing director (DMD) recently.Prior to this, he was senior executive vice president and head of marketing of Bank Asia Limited.After graduation with honours from the University of Dhaka, he started...

Expolanka gets Int'l Golden Transport Award

2007-12-05 00:00:00

FE ReportExpolanka Bangladesh has been awarded the 10th International Golden Transport Award (New Millennium Award) by the Trade Leaders' Club.Managing Director of Expolanka Bangladesh Ltd Mahbubul Anam received the award from Arsenio Padro Rodriguez, chairman of the Trade Leaders' Club...

corporatewatch

2007-12-05 00:00:00

Message for investorsAll investors have been requested to make their investment decision on the basis of financial strength of the companies not on the basis of rumour.Ashraf Textile won't giveany dividendThe board of directors of Ashraf Textile Mills Limited did...

CA assures to consider release of DU teachers

2007-12-05 00:00:00

DU CorrespondentChief Adviser Fakhruddin Ahmed Tuesday assured the Vice Chancellor (VC) of Dhaka University that release of the detained teachers of the university would be considered on a priority basis."We are very optimistic about the return of the four captive...

Bangladesh Kalyan Party starts journey

2007-12-05 00:00:00

Major General (retd) Syed Muhammad Ibrahim launched Bangladesh Kalyan Party Tuesday-the latest in a series during the State of Emergency. He announced the journey of the new political party from a press conference in the city on the day, reports...

Int'l community should help Bangladesh as it became victim of climate change: CA

2007-12-05 00:00:00

Chief Adviser (CA) Dr Fakhruddin Ahmed has said that it was the responsibility of the international community to provide assistance to Bangladesh for long-term rehabilitation as the country was a victim of climate change. "I have tried to remind the...

Razzak urges govt to distribute relief goods properly

2007-12-05 00:00:00

Awami League (AL) presidium member Abdur Razzak has called for proper distribution of relief materials among the distressed people in cyclone-affected areas."Government has got lot of relief materials and donations from within and outside the country. Those should be properly...

Bush, Democrats locked in battle over Iraq spending

2007-12-05 00:00:00

WASHINGTON, Dec 04 (AP): President Bush and congressional Democrats are locked in a struggle over Iraq spending, with neither side budging and each calculating that their argument will be the one to resonate with voters. For both sides, this rhetorical...

Castro praises Chavez for his 'dignity' in defeat

2007-12-05 00:00:00

HAVANA, Dec 04 (AFP): Ailing Cuban leader Fidel Castro Monday hailed his ally Venezuelan President Hugo Chavez for his 'courage' and 'dignity' in facing defeat of a referendum that would have expanded his authority. "Dear Hugo: I send you revolutionary...

Al-Qaeda a worry in Afghanistan: US

2007-12-05 00:00:00

KABUL, Dec 04 (AP): Defence Secretary Robert Gates plans to talk with North Atlantic Treaty Organisation (NATO) military leaders about increasing levels of violence in Afghanistan amid concerns by US defence official that the reason may be an escalation of...

Myanmar monks ready to face more bloodbath

2007-12-05 00:00:00

WASHINGTON, Dec 04 (AFP): Myanmar's Buddhist monks are prepared to face another bloody confrontation with the ruling military junta if the international community fails to force the generals to accept democratic reforms, an exiled monk with links inside Myanmar said...

US envoy visits DPRK reactor

2007-12-05 00:00:00

SEOUL, Dec 04 (AP): The top United States (US) nuclear negotiator for North Korea visited its reactor, becoming the highest-level American official to go there, an official said Tuesday, amid progress in efforts to end the communist nation's decades-old pursuit...