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ACC begins probe into Niko cases against Khaleda, Hasina

2007-12-14 00:00:00

The Anti-Corruption Commission (ACC) has begun the process of investigating the cases filed against former prime ministers Khaleda Zia and Sheikh Hasina, and eight others for alleged corruption in awarding contracts to Niko Resources, reports UNB.Two investigating officers have been...

BB to allow NGOs to disburse PCBs' loans in Sidr-hit areas

2007-12-14 00:00:00

Siddique Islam The Bangladesh Bank (BB) will allow commercial banks, particularly private commercial banks (PCBs), to disburse fresh credit through non-governmental organisations (NGOs) in the areas affected by the cyclone Sidr. An announcement in this connection will be made from...

SC overrules HC order staying Hasina's trial in extortion case

2007-12-14 00:00:00

Endorsing the government plea, the Supreme Court (SC) Thursday overruled the High Court (HC) order that stayed the trial of the detained former Prime Minister Sheikh Hasina on an extortion charge at a makeshift court, report UNB and bdnews24.com.Following a...

Tenders for privatising 16 SoEs from Jan next year

2007-12-14 00:00:00

Naim-Ul-KarimThe government will start floating international tenders for privatising 16 state-owned enterprises (SOEs) from January next year, sources said.The SoEs, sources said, includes one each from the jute, sugar and food, and chemical sectors, and seven from textiles and steel...

New BB move to activate secondary bond market

2007-12-14 00:00:00

FE Report The Bangladesh Bank (BB) has gradually activating its newly opened window to invigorate trading of government bonds in the country's secondary bond market. The central bank purchased government bonds worth Tk 50 million through its new window Wednesday...

Govt may form review body on 6th Wage Board

2007-12-14 00:00:00

The government will actively consider forming a review committee for reappraisal of the just-declared 6th Wage Board Award for the media industry, if there be an application on behalf of journalists, press workers or employees, reports UNB."If any application is...

New appellate tribunal bench for Dhaka

2007-12-14 00:00:00

The National Board of Revenue (NBR) is raising the number of appellate tribunal benches in a bid to quicken disposal of income tax related cases. In the latest move the board Thursday issued an order on formation of a new...

'Edn isn't prerequisite for getting passport'

2007-12-14 00:00:00

The government Thursday said any Bangladeshi citizen has the right to get a passport and SSC pass or any other educational qualification is not mandatory for this. "Any Bangladeshi citizen of any age is eligible to get a passport. Educational...

Overseas buyers ask local units to avoid Uzbek origin cotton

2007-12-14 00:00:00

Jasim Uddin Haroon The country's apparel sector is facing another setback as the overseas buyers have been asking the local garment factories to avoid using fabrics made of raw cotton of Uzbekistan origin. The garment and knit buyers have alleged...

Govt releases Tk 3.0b in cash incentive for leading export-earning sectors

2007-12-14 00:00:00

Doulot Akter MalaThe government issued an order Thursday to release cash incentives worth Tk 3.0 billion (300 crore) to the major export-earning sectors.Following the government order, the finance ministry also released the fund for distribution through the Bangladesh Bank (BB)...

People feel relieved for military's role in building a corruption-free country: CA

2007-12-14 00:00:00

Chief Adviser (CA) Dr Fakhruddin Ahmed Thursday said, people heave a sigh of relief following the courageous role of the Armed Forces in building a corruption-and terrorism-free Bangladesh, reports UNB.He made the remark while addressing the combined President Parade of...

7 bodies recovered so far as rescue operation starts

2007-12-14 00:00:00

Rescue operation of the decomposed bodies of the construction breaking workers, locked inside the Rangs Bhaban since December 8, started Thursday morning, and so far, a total of seven bodies have been recovered, report UNB and bdnews24.com.Three bodies of the...

EC to give Tk 3.36b for expanding food security in country

2007-12-14 00:00:00

The European Union (EU) will provide a grant of euro 33.6 million (Tk 3.36 billion) for expanding food security in Bangladesh under an agreement signed in the city Thursday, reports UNB. Economic Relations Division (ERD) Secretary Aminul Islam Bhuiyan and...

BRAC's 'major challenge lies in providing quality edn'

2007-12-14 00:00:00

FE ReportSpeakers at a roundtable discussion Thursday said that Brac, one of the country's leading development organisations, requires to take up challenges in the fields of education, health and poverty alleviation to complement its development oriented activities.The major challenge of...

Asia leaders acknowledge climate-change role

2007-12-14 00:00:00

John Aglionby in Nusa Dua, Bali, FT Syndication ServiceAsian leaders joined the United Nations on Wednesday in calling for developing countries to take greater responsibility for fighting climate change by pursuing more environmentally friendly poverty-alleviation strategies.Susilo Bambang Yudhoyono, the Indonesian...

Call rate rises further, dollar soft

2007-12-14 00:00:00

FE ReportInjection of fresh cash appeared unable to prevent the inter-bank call money rate from rising in face of strong demand for cash influenced by business momentum ahead of holy Eid. The rate rose to its peak at 14.00 per...

Patel meets NBR chairman

2007-12-14 00:00:00

FE ReportThe World Bank (WB) South Asia Vice president, Praful C Patel, Thursday met with the National Board of Revenue (NBR) chairman Muhammad Abdul Majid to know about the internal resource mobilisation against the backdrop of adverse effect on the...

developments in the region and abroad

2007-12-14 00:00:00

Train attack kills five in IndiaGUWAHATI, Dec 13 (AFP): Five people were killed and four others injured Thursday in a bomb attack on a train in northeastern India claimed by ethnic guerrillas.The blast hit the New Delhi-bound train as it...

The zero-sum fiasco

2007-12-14 00:00:00

Dilip Hiro Bush's woefully misguided invasion and occupation of Iraq in 2003, carried out under false pretences, has not only drained the United States treasury, but reduced Washington's standing in the Middle East in a way not yet fully grasped...

One night in Bangkok shows the folly of Bali

2007-12-14 00:00:00

William PesekANYONE looking for evidence of climate change would normally peruse scientific journals, academic reports and World Bank warnings. This week, one could just monitor the vapor trails over Bali. More than 10,000 world leaders, activists, drought-stricken farmers, journalists, Nobel...

Qaddafi pitches tent in Paris for Sarkozy Summit

2007-12-14 00:00:00

Celestine BohlenNICOLAS Sarkozy welcomed Libyan leader Muammar Qaddafi to Paris for a five-day visit, stepping up the French president's Middle East diplomatic efforts. Qaddafi, who pitched a Bedouin-style heated tent in the gardens of Baron Gustave de Rothschild's one-time mansion,...

China inflation surges to 11-year high on food, fuel

2007-12-14 00:00:00

Nipa PiboontanasawatCHINA'S inflation accelerated at the quickest pace in 11 years and the trade surplus swelled, adding pressure on the central bank to raise interest rates and let the currency appreciate faster to cool the economy. Consumer prices rose 6.9...

'Edn isn't prerequisite for getting passport'

2007-12-14 00:00:00

The government Thursday said any Bangladeshi citizen has the right to get a passport and SSC pass or any other educational qualification is not mandatory for this. "Any Bangladeshi citizen of any age is eligible to get a passport. Educational...

Cyclone forecasting:UK to provide consultancy

2007-12-14 00:00:00

An agreement was signed between the national weather service of Met Office in the UK and the Bangladesh Meteorological Department in the city Wednesday under which Bangladesh will receive technical consultancy in the forecasting of hurricanes and cyclones. The agreement...

Clothes for Sidr-hit people exempted from customs duty

2007-12-14 00:00:00

The government has exempted clothes, that will be imported for the country's Sidr-affected people, from customs duty. The factory owners at the export processing zones (EPZ) will also enjoy the exemption in case they donate clothes to the cyclone-hit people....

Govt to amend Cooperative Act

2007-12-14 00:00:00

The caretaker government has taken an initiative to amend the Cooperative Act to keep the cooperative societies free from political influence.The LGRD and Cooperatives Adviser Mohammad Anwarul Iqbal said this while addressing the annual general meeting of Dhaka Reporters' Unity...

Saber for publishing list of losses in Sidr-hit areas

2007-12-14 00:00:00

BAGERHAT, Dec 13 (UNB): Awami League (AL) Organizing Secretary Saber Hossain Chowdhury urged the government today (Thursday) to prepare union-wise list of losses caused by November 15 cyclone Sidr and make it public.

11 AL leaders acquitted

2007-12-14 00:00:00

SHERPUR, Dec 13 (UNB): A court here Wednesday acquitted 11 Awami League (AL) leaders, including former lawmaker Mizanur Rahman Mizan, in an attempt to murder case.The acquitted leaders also included acting president of Nokla Upazila Awami League Golam Rabbani, former...

EC-UNDP provides Tk 3b deal to support voter-roll projects

2007-12-14 00:00:00

The European Commission (EC) and the United Nations Development Programme (UNDP) signed Thursday three contribution agreements of EUR 30 million or Tk 3.0 billion to finance voter registration, local government reform and the activation of village courts. In response to...

HC declares Jalil's detention illegal

2007-12-14 00:00:00

The High Court (HC) declared Thursday the detention order against detained Awami League (AL) General Secretary Abdul Jalil "illegal".A Division Bench, comprising Justice Shah Abu Nayeem Mominur Rahman and Justice Zubayer Rahman Chowdhury, delivered the judgement and ordered government authorities...