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Bangladesh elected chairman of SATRC

2007-12-13 00:00:00

Bangladesh has been elected chairman of South Asia Telecommunication Regulators' Council (SATRC) for the year 2008, reports UNB.Representatives of the member countries, in the concluding session of a meeting held here Wednesday, unanimously elected Bangladesh to the Chair of SATRC....

Cyclone Sidr kills 72 students in Bagerhat

2007-12-13 00:00:00

BAGERHAT, Dec 12 (UNB): Some 72 students were killed and several hundred others injured in the district in the cyclone Sidr that lashed the south and southwestern region of the country on November 15.Besides, some 841 educational institutions, including 452...

Chinese delegation signs MoU with Shanto-Mariam University

2007-12-13 00:00:00

FE ReportA Bangladesh-visiting delegation of Chinese International Radio (CIR) Monday signed a memorandum of understanding (MoU) to introduce a 'Confucius Classroom' in it during their visit to the Shanto-Mariam University of Creative Technology in the city. CIR Director Ho Chin...

Three persons killed in separate incidents

2007-12-13 00:00:00

Three persons were killed and many others injured in separate incidents in different places of the country, during the last two days, report agencies.In Dinajpur, a security guard was killed by unidentified miscreants in front of Dinajpur Government College in...

British HC will remain closed on December 16

2007-12-13 00:00:00

British High Commission in Dhaka and its office in Sylhet will remain closed to the public on December 16 (Sunday) on the occasion of the Victory Day, said a press release.

US Embassy

2007-12-13 00:00:00

The American Embassy office, including the Consular Section and the Public Affairs Section with the Archer K Blood American Centre Library and the Student Advising Centre, will remain closed on December 16 (Sunday) on the occasion of Victory Day, said...

200 chocolate bombs recovered

2007-12-13 00:00:00

MAGURA, Dec 12 (UNB): The police recovered 200 chocolate bombs from Adpara village in Shalikha Upazila Monday. On secret information police raided the house of local businessman Nur Mohammad in the evening and recovered the bombs from the rooftop of...

Govt seeks $2.21b aid for post-Sidr rehabilitation

2007-12-13 00:00:00

FE ReportThe government sought Wednesday US$2.21 billion worth of assistance from international donors to finance post-cyclone rehabilitation schemes and sustainable disaster protection programme in the affected coastal areas.The appeal for aid was made at a meeting of the local consultative...

Institutionalising manpower export: Oman shows the way

2007-12-13 00:00:00

Shahiduzzaman KhanIt's a good piece of news that Oman has lifted a ban on recruitment of Bangladeshi workers after 12 years and expressed the desire to recruit skilled workforce from the country. Oman is perhaps the first Middle Eastern country,...

Mirza Aziz accuses 'politicised' researchers of data manipulation

2007-12-13 00:00:00

FE ReportFinance adviser Mirza Azizul Islam Wednesday criticised "some politicised" researchers for manipulating data to serve their ideological interests and stated that he was strongly opposed to doctoring any data."I never interfered in any type of BBS (Bangladesh Bureau of...

2 RU teachers freed, 11 others jailed for torching DGFI car

2007-12-13 00:00:00

Acquitting two Rajshahi University (RU) teachers and its one PR officer of the charge of torching a DGFI vehicle, a Rajshahi court Wednesday handed down three years rigorous imprisonment (RI) to 11 other accused persons, reports UNB.The convicts are -...

WB VP Patel arrives today

2007-12-13 00:00:00

FE Report Recovery in the aftermath of the Cyclone Sidr and longer-term disaster mitigation and adaptation systems are expected to top the agenda as World Bank (WB) South Asia Vice President Praful C Patel arrives here early today (Thursday) on...

Most organisations ignore innovative ideas of subordinates, says HR study

2007-12-13 00:00:00

FE ReportNearly two-thirds of the leading entities in manufacturing, financial and services sectors do not solicit new and innovative ideas from subordinates, according to the findings of a recent survey on HR (human resources) practices in Bangladesh.The survey jointly carried...

Saudi aid will be used to import food, build houses

2007-12-13 00:00:00

FE Report Bangladesh will spend nearly 98 per cent of US$100 million Saudi aid, provided as relief for the Sidr-hit victims, on import of food grains and construction of houses, sources said.The ministry for food and disaster management submitted a...

AL leader Abul Hasanat jailed for tax evasion

2007-12-13 00:00:00

A Dhaka court Wednesday sentenced senior Awami League leader Abul Hasanat Abdullah to nine-year rigorous imprisonment on three counts of tax-related charges in a case filed by the National Board of Revenue, reports bdnews24.com. But the former chief whip-now on...

Resurgent junk issues keep investors' hopes alive

2007-12-13 00:00:00

FE ReportStock prices on the Dhaka Stock Exchange (DSE) remained mixed Wednesday for the second consecutive day amid a steady trading. The turnover, however, increased to Tk 1.10 billion against the previous day's Tk 960.97 million propelled by the news...

India wants building workers back

2007-12-13 00:00:00

Joe Leahy, FT Syndication ServiceMUMBAI: India's largest listed developer, DLF, is planning to lure thousands of Indian construction workers home from the Middle East, in a sign the country's acute skills shortages are spreading from the professional to the lower...

Govt, ADB sign $200m loan deal

2007-12-13 00:00:00

A loan agreement involving US$ 200 million was signed Wednesday in the city between Bangladesh government and the Asian Development Bank (ADB) to finance Dhaka Water Supply Sector Development Programme. —UNB

SC asks govt to submit report on judicial magistrate issue

2007-12-13 00:00:00

The Supreme Court Wednesday asked the government to submit a progress report by January 14 on the steps taken for providing supporting staff for the district-level judicial magistrates along with transport facility after separation of the judiciary from the executive...

EMRD to seek advisers' nod on bidding

2007-12-13 00:00:00

M Azizur RahmanThe Energy and Mineral Resources Division (EMRD) will seek consent from the council of advisers in a couple of days to launch the much-awaited offshore bidding for hydrocarbon exploration in the Bay of Bengal."We have already finalised the...

Advisory body suggests expediting launch of book building system

2007-12-13 00:00:00

FE ReportThe advisory body on capital market development Wednesday recommended the Securities and Exchange Commission (SEC) to expedite the introduction of the book building system replacing the existing primary market to ensure proper pricing for newly floated issues.The book building...

Total initiates operations in offshore gas blocks-17, 18

2007-12-13 00:00:00

FE ReportThe French oil giant Total has initiated its Bangladesh operations in hydrocarbon exploration in its designated offshore gas blocks in the Bay of Bengal."The company has now been conducting a bathymetric survey in the gas blocks-17 and 18 in...

Bush admn urged to provide help for Sidr victims

2007-12-13 00:00:00

The US Congress Tuesday passed a bill urging the Bush administration to provide all appropriate assistance for the Sidr cyclone victims in Bangladesh, reports UNB.The House of Representatives also expressed sympathy for the cyclone victims, and pledged the US people...

Strengthening of emergency relief activities urged

2007-12-13 00:00:00

FE ReportThe government's coordination cell has recommended for strengthening the current emergency relief and rehabilitation activities in the Sidr-hit districts, especially the worst affected areas.It also suggested continuation of seed and fertiliser distribution among the cyclone-affected farmers and disbursement of...

Newspaper men demand review of wage board by Dec 16

2007-12-13 00:00:00

FE ReportNewspaper men including journalists in a meeting in the city Wednesday demanded review of the Sixth Wage Board Award by December 16. They made the demand in the meeting they held blocking the road in front of the National...

Festival cash demand pushes up call rate

2007-12-13 00:00:00

FE ReportThe inter-bank call money rate posted notable rise Wednesday on demand pressure caused by festival cash demand, fund managers said.The central bank injected fresh cash into the market through repurchase agreement (repo) tool to ease the rising mood of...

Spread between lending, deposit rates rises

2007-12-13 00:00:00

Siddique Islam The spread between lending and deposit rates increased slightly last September, despite persuasion to the commercial banks by the central bank to come down the rate at a reasonable level. "We will continue our persuasion to the banks...

3 car bombings kill 41 in Iraq

2007-12-13 00:00:00

BAGHDAD, DEC 12 (AP): Three car bombs exploded in quick succession in the market district of a southern Iraqi city on Wednesday, killing at least 41 people and injuring 150 in a Shiite region that has largely escaped the country's...

BPGMEA wants withdrawal of duty drawback on raw materials

2007-12-13 00:00:00

FE Report The Bangladesh Plastic Goods Manufacturers and Exporters Association (BPGMEA) Wednesday urged the government to withdraw bank guarantee and duty draw back provisions applied in case of plastic raw material imported under the bond facility. "Around 250 plastic good...

Charges framed against 4 DU teachers, 15 students in another case

2007-12-13 00:00:00

A Dhaka court Wednesday accepted charges to begin trial against four senior teachers and 15 students of Dhaka University (DU) in a case that accuses them of breaching the emergency rules during the campus violence in August, reports bdnews24.com. Chief...