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Orient Bread Tokai Kabaddi Tournament begins today

2007-10-24 00:00:00

The Orient Bread Tokai Kabaddi Tournament, organised by Bangladesh Kabaddi Federation, begins today (Wednesday) at the Outer Stadium Kabaddi court with two matches billed for the opening day, reports UNB.In the inaugural match, Tokai Stadium team will play Tokai Paltan...

Nadal confirms for Chennai Tennis Open in India

2007-10-24 00:00:00

CHENNAI (India), Oct 23 (AFP): World number two Rafael Nadal was the first big name to confirm his participation in the season-opening 416,000-dollar ATP Chennai Open, organisers said Tuesday.Nadal, winner of three consecutive French Open titles, will make his third...

IMF suggests fresh move on Rupali privatization

2007-10-24 00:00:00

Shakhawat Hossain The International Monetary Fund (IMF) has suggested adoption of a new strategy on the Rupali Bank divestment following delay by the Saudi prince to strike the final deal, sources said.Key steps are needed to advance the divestment programme...

Executive magistrates to get temporary judicial power

2007-10-24 00:00:00

In the face of demands by the administrative cadre officers, the government has agreed to give the executive magistrates magistracy power "temporarily", report UNB and bdnews24.com.Law Adviser Mainul Hosein Tuesday said the executive magistrates will be given temporary judicial power...

Rokanuddowla removed from CMM court, made OSD

2007-10-24 00:00:00

Dhaka metropolitan magistrate Rokanuddowla, who Sunday demanded a halt to the separation of the Judiciary from the Executive until 2021, has been removed from the Chief Metropolitan Magistrate's Court for Dhaka, and has been made officer on special duty (OSD)...

The revolt that stinks

2007-10-24 00:00:00

Shamsul Huq Zahid The rot in the country's lacklustre bureaucracy has gone so deep and widespread that it now stinks. Any sensible person is unlikely to contest such observation after listening to or reading in newspapers the comments made by...

Graft busters seize GATCO files from Kamalapur ICD

2007-10-24 00:00:00

Members of the taskforce investigating the GATCO case against former prime minister Khaleda Zia went to the Kamalapur Inland Container Depot (ICD) Tuesday and seized four files on transactions with the GATCO, reports bdnews24.com. The taskforce members stayed at the...

NBR getting poor response from taxpayers in filing tax returns

2007-10-24 00:00:00

Doulot Akter MalaThe National Board of Revenue (NBR) has been getting poor response from the taxpayers in filing their individual tax returns ahead of seven days of expiry of the deadline.The deadline for filing individuals' tax return -- both universal...

BEPZA expects proposals for $1b investment in EPZs this fiscal

2007-10-24 00:00:00

FE Report The Bangladesh Export Processing Zones Authority (BEPZA) expects investment proposals worth $1.0 billion in the country's export processing zones (EPZs) in the current fiscal as it has ensured workers' welfare and created more facilities for the investors."We have...

DSE forms body to lure good cos into stock market

2007-10-24 00:00:00

Refayet Ullah MirdhaThe Dhaka Stock Exchange (DSE) Tuesday formed a high-powered committee to attract good companies into the stock market to ensure adequate supply of shares.The DSE at a board meeting formed the "Capital Market Promotion Committee", first of its...

Court allows ACC to quiz Hasina

2007-10-24 00:00:00

A Dhaka court Tuesday allowed an Anti-Corruption Commission (ACC) investigator to quiz Sheikh Hasina on charges of taking Tk 30 million in bribe for shady approval of three barge-mounted power plants, reports bdnews24.com. The investigator will question the former prime...

World Bank accepts risk to aid poor nations

2007-10-24 00:00:00

FT Syndication ServiceLONDON: The International Finance Corporation, the private sector arm of the World Bank, is willing to accept more risk and greater volatility in returns as it steps up its push into the poorest countries, IFC chief executive Lars...

Voter list in enclaves uncertain

2007-10-24 00:00:00

Work on voter list with photograph and ID card will start in Kurigram on November 4, but enlisting of voters in 18 enclaves, surrounded by India, still remains uncertain. District Election Officer Khatibar Rahman said, the CEC's office was informed...

Joint forces find nothing illegal in Fazlul Haq's house

2007-10-24 00:00:00

Joint forces, raiding the residence of former law adviser to the caretaker government Justice Fazlul Haque in the city until early Tuesday, found nothing illegal. Sources said, joint forces team searched his apartment house at Katabon from 10pm Monday to...

Unidentified woman found dead in city

2007-10-24 00:00:00

An unidentified young woman was found dead in front of a house at Asad Avenue in the city's Mohammadpur area Tuesday. Police said, local people saw the body of the woman at about 12 noon, aged nearly 28, kept in...

Autonomy proposed for ACC

2007-10-24 00:00:00

The Anticorruption Commission (ACC) has proposed that the government bring a few amendments to the ACC Act towards making the institution autonomous, an official said Tuesday. ACC secretary Mokhles Ur Rahman said: "Though the ACC has been independent and impartial,...

WB wants govt to float RPC shares to get $100m loan

2007-10-24 00:00:00

FHM Humayan KabirThe World Bank (WB) has asked the government to float shares of the Rural Power Company (RPC) if it wants to receive US$100 million budgetary support credit for country's power sector reforms, official sources said. The RPC is...

Mirza Azizul urges donors to raise ODA to help achieve MDGs

2007-10-24 00:00:00

Finance Adviser Mirza Azizul Islam has urged the donor countries to raise the official development assistance (ODA) to 0.7 per cent of their gross national income (GNI) by 2015 and disburse in a predictable manner to help poor countries achieve...

Second hydrogen peroxide plant goes into production from Nov

2007-10-24 00:00:00

Jasim Uddin Haroon The country's second hydrogen peroxide plant is likely to go into production from the middle of November next, which will make the country almost self-sufficient in such important industrial raw material. Industry sources, however, said the demand...

CII to take steps to raise imports from Bangladesh

2007-10-24 00:00:00

FE Report Leaders of the Confederation of Indian Industry (CII) team now on a visit to Chittagong Tuesday said it will take moves to increase imports from Bangladesh so that the existing trade gap between the countries can be narrowed...

Dollar stable, call rate unchanged

2007-10-24 00:00:00

FE ReportThe US dollar was stable against the Bangladesh taka (BDT) Tuesday in the inter-bank foreign exchange market with steady demand for the greenback, fund managers said.The inter-bank call money rate was also steady in an active market despite withdrawal...

Co-op societies to be barred from using word 'bank'

2007-10-24 00:00:00

FE Report The co-operative societies will be barred from doing banking business using the word 'Bank' in their day-to-day operation, official sources said. The government has already amended the related clauses of the existing Bank Companies Act imposing restriction on...

Stocks decline marginally due to profit-taking

2007-10-24 00:00:00

FE ReportStock prices on the Dhaka Stock Exchange (DSE) declined marginally Tuesday due to profit taking by the investors.Market operators said share prices of some companies corrected to some extent on the day in the over-heated market.Market sources said recently...

EC now giving ID cards for free

2007-10-24 00:00:00

The Election Commission (EC) is giving the national identity (NID) cards to the people for free now following their enrollment in the voter list, but a smart card will later cost Tk 500, reports UNB.From now on, a person has...

AL to send letter seeking discussion with Chief Adviser

2007-10-24 00:00:00

Acting Awami League General Secretary Syed Ashraful Islam said Tuesday they will send a letter to the chief adviser seeking discussion with him to resolve political issues, reports UNB."He is a wise and respectable man and we hope he will...

Boosting investments

2007-10-23 00:00:00

THE problem that is showing up increasingly worryingly in the economy of Bangladesh, is the dearth of new investment activities. Recent reports in the media indicated a 30 per cent decline in investment proposals in the first nine months of...

The forgotten research establishments

2007-10-23 00:00:00

Syed Fattahul AlimTHAT poisons in foodstuff are a public health concern is not simply a domestic issue. The problem is also affecting the country's external trade in that Bangladesh's frozen food export has been adversely affected by toxic materials of...

Concern rises over health of Qatari gas reserves

2007-10-23 00:00:00

Dino MahtaniCONCERNS are growing in industry circles that Qatar the world's largest exporter of liquefied natural gas (LNG), may not be able -to increase its levels of daily gas exports beyond 2011.The tiny Gulf kingdom expects to more than double...

Elections and clean candidates

2007-10-23 00:00:00

Mozammel HossainTHE very shocking disclosures in recent times about corruption, misuse of power and ill gotten wealth have made a mockery of the old-style political system and the political process of Bangladesh.Many of these crimes were known in the past...

Coal policy

2007-10-23 00:00:00

GOVERNMENT now is engaged in framing a coal policy. The draft policy thereof is available which has kept the options open for foreign investment in the sector, export of coal and open pit mining. Opinions were invited on the draft....