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Bangladesh face UAE today

2007-10-20 00:00:00

Bangladesh face hosts UAE today (Saturday) in their second group D match of the AFC U-16 Championship Qualification Competition being held in the United Arab Emirates (UAE). The match will begin at 6 pm (BST) at the Military Physical Education...

Ballseye

2007-10-20 00:00:00

Saiful KaiserThe first ODI went very well for the visitors. South Africa did everything right. They won the toss and elected to bat. Then their opener Gibbs scored a century (102, 128 balls, 11 fours, 1 six) as did middle...

Twin explosions in Benazir's homecoming parade kill 136

2007-10-20 00:00:00

Jo Johnson and Farhan Bokhari FT Syndication ServiceKARACHI: The Pakistan government blamed Islamist militants for twin explosions that killed more than 136 supporters of opposition leader Benazir Bhutto during her homecoming parade in the early hours of Friday morning.The attack...

Despite IMF advice, govt won't lower interest on savings tools

2007-10-20 00:00:00

FE ReportThe caretaker government will not lower interest rate on national savings tools, despite suggestion made by the International Monetary Fund (IMF).The interim administration will instead provide incentives, including attractive profits and tax rebate, to increase the sale of such...

People are happy with administration: Moeen

2007-10-20 00:00:00

NEW YORK, Oct 19 (bdnews24.com): General Moeen U Ahmed has said the interim government backed by the armed forces is not a "shaky" one as he says people are "happy" with the administration, report Moinuddin Naser and Manjurul Islam. "Why...

Govt faces extra budgetary pressure due to rise in fertiliser subsidy

2007-10-20 00:00:00

S M JahangirThe government has to face an extra budgetary pressure this fiscal year as it will require providing additional subsidy to the agriculture sector following a significant rise in the import of fertiliser coupled with its price hike in...

Customs misses revenue collection target by Tk 45.1m in Sept

2007-10-20 00:00:00

Doulot Akter MalaThe customs department of the National Board of Revenue (NBR) was able to collect revenue worth Tk 40.80 billion in September last against its target of Tk 41.25 billion, official sources said.The department collected Tk 12.67 billion and...

Oil prices surpass $90 a barrel

2007-10-20 00:00:00

SINGAPORE, Oct 19 (Agencies): Oil prices surpassed $90 a barrel for the first time in after-hours trading in New York before slipping back Friday in Asia. Investors are being drawn to energy futures as a hedge against the weakening US...

India pledges greater access for funds

2007-10-20 00:00:00

Joe Leahy FT Syndication ServiceNEW DELHI: India has pledged to open the "front door" wider to hedge funds in an apparent bid to bolster foreign investor confidence after a stock market plunge triggered by a proposed crackdown on investment in...

Dhaka hails US Congress' new partnership bill

2007-10-20 00:00:00

Bangladesh has welcomed the introduction of the "New Partnership for Development Act of 2007" in the US Congress that aims at reducing global extreme poverty through eliminating tariff on all products, originated in the LDCs (least developed countries), reports UNB."We...

BPC moves to set up second largest oil depot at Mongla

2007-10-20 00:00:00

Jasim Uddin Haroon The Bangladesh Petroleum Corporation (BPC) has taken a move for constructing the country's second largest oil depot at Mongla, Khulna to strengthen and stabilise fuel supply in northern districts."We will invite international tender for the construction of...

11 killed in Bogra road accident

2007-10-20 00:00:00

BOGRA, Oct 19: Eleven people, including four women and a child, were killed and 30 others injured in a head-on collision between a passenger bus and a truck on the Dhaka-Bogra Highway at Dhankundi under Sherpur Upazila in Bogra district...

Unauthorised car parking drive starts in city Sunday

2007-10-20 00:00:00

Traffic police are going to launch a drive against unauthorised car parking from Sunday to ease traffic congestions in the city. The operation would continue until November 14, as unauthorised car parking is one of the main reasons for traffic...

Dhaka condemns Karachi blasts

2007-10-20 00:00:00

Bangladesh condemned the bombings in Karachi in the wake of the return of former Pakistani Prime Minister Benazir Bhutto that left scores dead and many injured. A spokesman of the Bangladesh Foreign Ministry termed the bombings a dastardly act of...

RMG units being relocated to industrial park in Gazaria

2007-10-20 00:00:00

FHM Humayan KabirThe caretaker administration has taken initiative to relocate the ready-made garment (RMG) industries from within the city to the outskirts of Dhaka in order to ease traffic congestion and avoid environmental hazards.The government also has a plan to...

SAARC CEC to meet in city next month

2007-10-20 00:00:00

Naim-Ul-KarimThe Committee on Economic Cooperation (CEC) of the SAARC will sit in Dhaka next month to discuss stalled issues and remove the hurdles that pose a challenge to the economic growth of the region, diplomatic sources said. SAARC (South Asian...

Dist, upazila-level anti-graft bodies likely to start functioning at Dec-end

2007-10-20 00:00:00

Corruption prevention committees at district and upazila levels, a move initiated by the Anti-Corruption Commission (ACC) with a view to creating mass awareness against graft, are likely to begin functioning at the end of December next, reports UNB."We've already received...

Asian stocks fall due to surging oil prices

2007-10-20 00:00:00

SINGAPORE, Oct 19 (Internet)): A fresh spike in oil prices above 90 USD a barrel weighed on stock markets across Asia Friday as investors worried that rising energy costs will hurt companies and consumers and put the brakes on global...

India PM rejects resignation call

2007-10-20 00:00:00

NEW DELHI, Oct 19 (Internet): Indian PM Manmohan Singh has rejected calls from the main opposition party to resign after his government appeared to have shelved a nuclear deal with US. Singh said he had not "given up hope" on...

Developments in the region and abroad

2007-10-20 00:00:00

Shopping centre explosion kills eight in ManilaMANILA, Oct 19 (Internet): At least eight people have been killed and 70 injured by an explosion that tore through a busy shopping centre in the Philippines capital, Manila.The cause of the lunchtime blast...

Top jewellers told to cut trade links with Burma

2007-10-20 00:00:00

Andrew TaylorFT Syndication ServiceLONDON: Trade unions Thursday called on three of London's top jewellery retailers -- Asprey, Harrods and Leviev -- to sever all trading links with Burma following EU trade sanctions announced earlier this week.Under the sanctions, companies operating...

Investors' enthusiasm buoys DSE shares

2007-10-20 00:00:00

FE Report The rally of stocks continued on the Dhaka Stock Exchange (DSE) last week thanks to investors' enthusiasm to buy shares of some selected issues including Rupali Bank, BRAC Bank and Trust Bank.Rupali Bank, a Z-category issue, attracted a...

Pakistan, Iran closer to IPI gas deal finalisation

2007-10-20 00:00:00

ISLAMABAD, Oct 19 (PTI): Pakistan and Iran are close to finalising a gas purchase agreement for the USD 7.4 billion India, Pakistan, Iran (IPI) pipeline during technical talks here, even as officials said India's decision not to take part in...

Delwar claims right to EC talks

2007-10-20 00:00:00

BNP secretary general Khandaker Delwar Hossain Saturday staked a claim to any dialogue with the Election Commission. "The Election Commission will certainly send me a letter in line with the law as I am the secretary general of the BNP,"...

Dollar recovers from record low

2007-10-20 00:00:00

The dollar rebounded from record lows against the euro on Friday, as investors awaited the outcome of a meeting of Group of Seven finance ministers and central bankers in Washington

Reduction in supply during Eid vacation pushes up prices of some essentials

2007-10-20 00:00:00

FE ReportReduction in supply during the Eid vacation pushed up the prices of some essential commodities in the city markets although the presence of customers was comparatively thin after the holidays.Market operators said the supply of essential commodities was disrupted...

IBBL holds managers' confce of authorised dealer branches

2007-10-20 00:00:00

FE ReportA day-long managers' conference of authorised dealer branches of Islami Bank Bangladesh Limited was held at a city hotel Friday. Audit Committee Director and Chairman of the bank Kazi Harun-ar-Rashed was present in the function as the chief guest...

Singer launches new store in Kushtia

2007-10-20 00:00:00

FE ReportSinger Bangladesh Limited (SBL) launched its 229th Plus Store at Kushtia-Jhenaidah Road in Kushtia recently. This is the second Plus Store of the company in that town.SBL Director (Marketing) Sajidur Rahman Khan formally inaugurated the new store. SBL national...

Call rate maintains steady level

2007-10-20 00:00:00

Sarwar ZahanThe inter-bank call money rate maintained its steady level last week despite withdrawal of large amounts of cash through auctions of reverse repurchase agreement (repo), treasury bills, Bangladesh Government Treasury (BGT) bonds and Bangladesh Bank (BB) bills, fund managers...

Unauthorised sawmills mushroom in B'baria

2007-10-20 00:00:00

Our CorrespondentBRAHMANBARIA, Oct 19: Unauthorised sawmills are mushrooming in the district leading to an environmental hazard, sources said.According to the sawmill control ordinance of 1998, setting up of sawmills is not allowed beyond municipality area. But the mills are being...