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Oil price above $90 on Iran fears

2007-12-08 00:00:00

LONDON, Dec 06 (Internet): Oil prices are back above $90, as the US government seeks to sustain pressure on Iran over its nuclear plans. A barrel of New York light crude was up five cents at $90.28, while in London,...

Three killed at Keraniganj near city

2007-12-08 00:00:00

Two gunmen were killed in a mob-lynch attack, as they were fleeing after shooting a grocery shop owner at Par Gendaria in South Keraniganj area near the city Friday. Witnesses said, four gunmen, allegedly led by Jahangir, sprayed bullets on...

BFIDC earns Tk 543.4m from rubber in last 2 years

2007-12-08 00:00:00

Bangladesh Forest Development Industries Corporation (BFIDC) earned Taka 543.6 million by selling rubber, harvested in its seven gardens, during the last two years. During the period from July 2005 to October 2007, BFIDC produced 5,692 tonnes of rubber, and sold...

Air Slovakia kicks off flight from Dhaka to Italy

2007-12-08 00:00:00

The inaugural flight of the newly launched Air Slovakia (AS) left the city Friday for Italy via Slovakian capital Bratislava. The first AS flight, a 757 Boeing aircraft with 200 passengers’ accommodation, left the Zia International Airport at 10:30 am...

Review committee to hear from Law Ministry experts on coal royalty issue

2007-12-08 00:00:00

The Coal Policy Review Committee is likely to invite experts from the law ministry to hear their opinions on coal royalty issue, reports UNB.Despite holding its 17th meeting Sunday, the Coal Policy Review Committee could not settle the royalty issue...

Matin warns against forced recovery of NGO loans from cyclone victims

2007-12-08 00:00:00

PIROJPUR, Dec 7 (UNB): Communications Adviser Major General (retd) MA Matin Friday asked the local administration to take legal action if any NGO tries to forcibly collect loan installments from cyclone victims.Addressing a press briefing at Majher Char under Mathbaria...

SAARC fund tops foreign ministers' agenda in Delhi

2007-12-08 00:00:00

NEW DELHI, Dec 7 (bdnews24.com): The two-day SAARC foreign ministers' meeting, beginning Friday in the Indian capital New Delhi, will focus largely on creating of a fund aimed at poverty alleviation and infrastructure development as well as prospects of starting...

'Business communities of two countries will be encouraged to move ahead'

2007-12-08 00:00:00

Speaker of the legislative Parliament of Nepal Subash Chandra Nemwang said, Bangladesh Single Country Fair in Kathmandu would encourage the business communities of Nepal and Bangladesh to move ahead and further strengthen the existing bond of economic and trade relations...

Officials leave for Tripura to bring back remains of Hamidur

2007-12-08 00:00:00

COMILLA, Dec 7 (UNB): A seven-member delegation, led by joint secretary of the Liberation War Affairs Ministry Humayun Kabir Khan, left for the Indian Sate of Tripura Friday to bring back the remains of Liberation War hero Sepoy Hamidur Rahman....

Rab raids GP head office over illegal VoIP link

2007-12-08 00:00:00

The Rapid Action Battalion Thursday seized corporate documents and files from Grameenphone apparently to unpack its alleged links to illegal VoIP business, reports bdnews24.com. In another closely-timed raid, RAB officers busted some equipment, believed to be used for VoIP operations,...

The utopian myth of India's double dividend

2007-12-08 00:00:00

Victor Mallet, FT Syndication ServiceNEW DELHI: Sheila Dikshit, chief minister of the Indian capital territory of Delhi, looks neither fat nor nervous, but she was disarmingly frank this week about the difficulties of coping with an annual influx of half...

AB Bank to use 'Ababil' software to provide Islamic banking services

2007-12-08 00:00:00

FE ReportAB Bank Limited signed a contract with Millennium Information Solution Ltd (Millennium) for implementation of Sharia-based Online Islamic Banking Solution - Ababil Thursday.Under the agreement, AB Bank will manage operations of Sharia-based online banking for all of its Islamic...

CA's remarks inspired Fazlur to sue Mujahid for sedition

2007-12-08 00:00:00

Freedom fighter Mohammad Fazlur Rahman has said the recent remarks of Chief Adviser Fakhruddin Ahmed on war criminals inspired him to file the sedition case against Jamaat-e-Islami leaders, reports bdnews24.com"The Chief Adviser in a recent meeting with editors of national...

Bangladesh considers SAARC a zone of peace, development: Iftekhar

2007-12-08 00:00:00

NEW DELHI, Dec 7 (UNB): Foreign Affairs Adviser Iftekhar Ahmed Chowdhury has said Bangladesh sees the SAARC region as a zone of peace and development, emphasising that "regional cooperation should be intensified to meet the aspirations of our peoples." He...

Afghan Govt continue efforts for release of BRAC employee

2007-12-08 00:00:00

NEW DELHI, Dec. 7 (UNB): Afghanistan Foreign Minister Rangin Spanta informed Foreign Advisor Iftekhar Ahmed Chowdhury they were continuing efforts to seek the release of abducted BRAC employee Nurul Islam.During a meeting on the sidelines of the SAARC Ministerial Council,...

Foreign Adviser meets Pakistan FM in Delhi, discusses bilateral relations

2007-12-08 00:00:00

NEW DELHI, Dec 7 (UNB): Foreign Advisor Iftekhar Ahmed Chowdhury held talks with Pakistan Foreign Minister Inam Ul Haque at his hotel suite Thursday evening and discussed bilateral relations on the sidelines of the SAARC Council of Ministers meeting in...

Call to raise output in country's sugar mills

2007-12-08 00:00:00

GAIBANDHA, Dec 7 (BSS): Adviser for Industries Geeteara Safiya Chowdhury has asked the authorities of local sugar mills to increase their production in the country to reduce the dependence on imported sugar. In this respect, she has suggested the farmers...

Three fake candidates handed over to police

2007-12-08 00:00:00

DU CorrespondentThe Dhaka University (DU) authorities handed over three fake candidates to the police Friday, as they tried to appear at the admission test for Ka unit of the university as proxy for others.The fake examinees are a BUET student...

WTB takes intellectually disabled kids to Dhaka Zoo

2007-12-08 00:00:00

Wildlife Trust of Bangladesh (WTB) took the intellectually challenged (disabled) children of the Sena Shohayok School of Dhaka Cantonment to Dhaka Zoo Friday for the whole day, reports UNB.This was arranged to launch a programme titled `Dreamnight at the Zoo'...

Breach of embankment puts thousands at risk in Shoronkhola

2007-12-08 00:00:00

BAGERHAT, Dec 7 (UNB): About 40,000 people in four unions of Shoronkhola Upazila beside the Baleswar river embankment are passing their days in great uncertainty.Several portions of the 20-kilometre (km) embankment on the river had been washed away by tidal...

Evening library set up for Sidr-hit SSC examinees

2007-12-08 00:00:00

BAGERHAT, Dec 7 (UNB) : The Army has set up an evening library at Tafalbari village to facilitate the study of the students of cyclone-ravaged Shoronkhola Upazila ahead of the SSC examination.The library was opened Thursday in two rooms of...

Release of four RU teachers demanded

2007-12-08 00:00:00

Gonotantrik Bam Morcha (Democratic Left Alliance) has demanded immediate release of four Rajshahi University teachers, who were sentenced to two years' rigorous imprisonment for violating the Emergency Power Rules, reports UNB.Leaders of the alliance, in a press release Friday, said...

Bodies of two more Sidr victims found

2007-12-08 00:00:00

BAGERHAT, Dec 7 (UNB): After 21 days of cyclone Sidr, two more decomposed bodies were recovered today (Friday) from Shoronkhola Upazila, raising the death toll to 793 in the district.According to locals, the body of a baby was found at...

Seminar today for Bandarban entrepreneurs

2007-12-08 00:00:00

BANDARBAN, Dec 7 (UNB): A seminar will be held at Bandarban Indigenous Cultural Institute auditorium tomorrow (Saturday) to encourage entrepreneurs to invest in different sectors in the district.Organised by the CHT Affairs Ministry, the seminar will discuss the economic potentiality...

Prices of fine rice, baby food register upward trend

2007-12-08 00:00:00

FE Report Prices of finer varieties of rice and baby food of some brands registered an upward trend at the retail level in the city markets over the last one week compared to their previous prices, market sources said. During...

Mutual Trust Bank opens 28th branch at Raipur

2007-12-08 00:00:00

FE ReportAiming to ensure modem banking support to the people of the country, Mutual Trust Bank Limited has opened the 28th branch of the bank at Denayetpur, Raipur in Laxmipur district recently.MTBL Vice Chairman and ACI Group Managing Director Arif...

7th national awards giving ceremony of ICAB today

2007-12-08 00:00:00

FE ReportThe seventh national awards giving ceremony of the Institute of Chartered Accountants of Bangladesh (ICAB) will be held today (Saturday) at 7:00 pm at a city hotel.Finance Adviser AB Mirza Azizul Islam will be present as the chief guest...

Call rate ends slightly low

2007-12-08 00:00:00

Sarwar ZahanThe inter-bank call money rate ended slightly low last week despite strong demand for and withdrawal of cash through auctions of reverse repurchase agreement (repo), treasury bills, Bangladesh Bank (BB) bills and Bangladesh government treasury (BGT) bonds, fund managers...

ICB AMCL declares NAV of two unit funds

2007-12-08 00:00:00

FE ReportThe Asset Management Company Limited (AMCL), a subsidiary of Investment Corporation of Bangladesh (ICB), has declared net asset values (NAV) of its two unit funds.The total NAV of ICB AMCL Unit Fund stood at Tk 481,503,359.08 on the basis...

weekly currency roundup

2007-12-08 00:00:00

Commercial Bank of CeylonDecember 02 - December 06, 2007The local call money market was almost stable in the past week. The average interbank call money rate drifted between 6.50 per cent and 6.65 per cent against 6.50 per cent and...