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Verdict on Nov 25

2007-11-22 00:00:00

RAJSHAHI, Nov 21 (BSS): Verdict of the case filed against six teachers of Rajshahi University (RU) on charge of their involvement in bringing out procession violating Emergency Powers Rules-2007 on the campus on August 21 last will be pronounced on...

UNICEF to give $20m for cyclone affected children and women

2007-11-22 00:00:00

FE Report UNICEF is mobilising US$20 million for immediate and longer term support to cyclone affected children and women in Bangladesh."It is substantially increasing support to children and women in the districts worst affected by the recent Cyclone Sidr. Support...

UN allocates $8.8m for 'SIDR'-hit people

2007-11-22 00:00:00

FE Report The United Nations (UN) has allocated $8.8 million from its Central Emergency Response Fund (CERF) to support relief efforts in the wake of the deadly cyclone 'SIDR', which struck the country last week, affecting more than three million...

Students hold rally as DU doubles examination, semester fees

2007-11-22 00:00:00

DU CorrespondentStudents of Dhaka University once again burst into demonstration on the campus Wednesday as the authorities have doubled the examination and semester fees of students without any prior declaration.Over two thousand students, who have come under the semester system...

12,000 people die in road accidents every year

2007-11-22 00:00:00

About 10,000 to 12,000 people are killed in road accidents every year in Bangladesh of which about 75 per cent fatalities occur in rural areas, experts at a workshop Wednesday said, reports UNB. Accident Research Centre (ARC) of Bangladesh University...

Standing crops on vast tracts of land damaged by cyclone

2007-11-22 00:00:00

SATKHIRA, Nov 21 (UNB): Standing crops on vast tracts of land were damaged extensively by the recent devastating cyclone in the district causing huge loss to the farmers.Sources said the small and marginal farmers are worst affected and passing their...

17 sacks of fertiliser seized

2007-11-22 00:00:00

COMILLA, Nov 21 (UNB): Police seized 17 sacks of fertiliser, allocated by the government for free distribution among the small and marginal farmers, while being smuggled from Poyal-gachha Union Parishad godown in Barura Upazila Tuesday. Local people intercepted two rickshaws...

US Embassy to remain closed today

2007-11-22 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 today (Thursday) on the occasion of Thanksgiving Day, a national holiday...

'Higher tax revenue a must to offset cyclone impact'

2007-11-22 00:00:00

FE ReportThe National Board of Revenue (NBR) Chairman Muhammad Abdul Mazid Wednesday underscored the need for gearing up tax revenue collection to overcome adverse effects of the devastating cyclone on the economy.He stated that because of huge financial loss caused...

Power sector irregularities: Tasks ahead

2007-11-22 00:00:00

Shahiduzzaman KhanIrregularities and mismanagement in the power sector caused the country to lose Tk 106.26 billion in the last fiscal alone. A staggering amount of Tk 189.30 billion was lost during 1994-05 due to distribution loss and pilferage of electricity.A...

NBR orders installation of e-cash registers

2007-11-22 00:00:00

Doulot Akter MalaThe National Board of Revenue (NBR) has issued an order on installation of electronic cash register (ECR) in large and medium business houses in a bid to check evasion of Value Added Tax (VAT).The board issued a Statutory...

Point-to-point inflation 10.03pc in October

2007-11-22 00:00:00

Shakhawat Hossain The point-to-point inflation hit the double-digit mark again and stood at 10.03 per cent in October last, sources said.According to the provisional estimate, the hike in the prices of essential food items such as rice, wheat, powdered milk,...

Oil closes in on $100 a barrel

2007-11-22 00:00:00

Javier Blas in Mumbai and Chris Flood in London, FT Syndication ServiceCrude oil prices on Wednesday rose to striking distance of $100 a barrel level, boosted by the tumbling US dollar and fears of another drop in inventories, while gold...

Special VGF to begin in affected areas Dec 1

2007-11-22 00:00:00

FE ReportThe government will launch a special VGF (vulnerable group feeding) programme in the cyclone-hit coastal districts from December 1, 2007.A total of 2.59 million people in 12 Sidr-affected districts will each receive 15 kilogrammes (kgs) of rice per month...

WB indicates $250m help

2007-11-22 00:00:00

FE Report The World Bank (WB) has offered up to US$250 million in the aftermath of Cyclone Sidr to help millions of Bangladeshis recover and strengthen the country's disaster mitigation systems, a WB press release said Tuesday. "This is a...

DSE trading network expanded to 8 dists

2007-11-22 00:00:00

FE ReportThe Dhaka Stock Exchange (DSE) has expanded its trading network to eight districts while a few more are in the pipeline to cope with the ever increasing number of investors across the country.As part of its expansion programme, the...

Price correction at DSE continues

2007-11-22 00:00:00

FE ReportCorrection of stock prices on the Dhaka Stock Exchange (DSE) continued for the second consecutive day Wednesday following the latest decision of the Securities and Exchange Commission (SEC).However, the correction on the day was at a slower pace.Market operators...

Govt to import 75,000 tonnes of fertiliser

2007-11-22 00:00:00

The cabinet committee on public purchase Wednesday approved import of 75,000 tonnes of fertiliser in different categories. The government would import 25,000 tonnes of Muriate of Potash fertiliser, 25,000 tonnes of TSP, and 25,000 tonnes of urea. The committee also...

BOU postpones Fri-Sat exams

2007-11-22 00:00:00

The examinations of BA, BSS, BAgEd and CLP programmes under Bangladesh Open University (BOU), scheduled to be held on Friday and Saturday, have been postponed due to unavoidable circumstances. — UNB

RAB encounter kills extremist in Rajshahi

2007-11-22 00:00:00

An extremist of outlawed Sarbahara Party was killed in an encounter between his cohorts and RAB-members at Talgharia village in Bagmara under Rajshahi early Wednesday. The deceased was identified as Shamim alias Biplob (35), son of Abdul Quddus. Police said,...

Foreign envoys visit Shoronkhola

2007-11-22 00:00:00

Envoys of 16 countries and the UNDP representative Wednesday visited the backwoods localities of Shoronkhola under Bagerhat, ruined by the super cyclone 'Sidr', to see the ongoing relief activities and the survivors' struggle. The group included envoys from France, Germany,...

Merchant banks to urge SEC to lift ban on loan disbursement

2007-11-22 00:00:00

Refayet Ullah MirdhaThe Association of Merchant Banks is going to request the Securities and Exchange Commission (SEC) to withdraw the decision of loan disbursement by the merchant banks and brokerage houses to their clients.The association is likely to write to...

Pendekar takes over Meghnaghat, Haripur power plants next week

2007-11-22 00:00:00

A Z M AnasA Saudi-Malaysian consortium, Pendekar Energy, is set to formally take over Meghnaghat and Haripur power plants next week, ending the Bermuda-based Globeleq's presence in Bangladesh's power sector."Although the acquisition by Pendekar is effective from today (Wednesday), the...

LDCs mulling jt alliance to pursue US congressmen for passage of NPDA bill

2007-11-22 00:00:00

Naim-Ul-KarimAsian and African least developed countries (LDCs) are considering establishing a greater alliance to pursue the US congressmen for the passage of a bill styled 'the New Partnership for Development Act (NPDA) 2007' that aims to reduce global extreme poverty...

Clash in Kolkata over Taslima

2007-11-22 00:00:00

Muslim groups in Kolkata city clashed with police Wednesday demanding expulsion of Taslima Nasreen from India, reports UNB.Crowds led by the All India Minority Forum (AIMF) fought a pitched battle with the police and threw stones at them, reports Press...

ACC notice on Hasina illegal: HC

2007-11-22 00:00:00

The High Court (HC) Wednesday ruled illegal the notice the Anticorruption Commission (ACC) had served on detained former prime minister Sheikh Hasina for accounts of her assets, reports bdnews24.com. The bench of justices Shah Abu Nayeem Mominur Rahman and Zubayer...

Taka appreciates by 0.10pc against US dollar in 3 weeks

2007-11-22 00:00:00

FE Report Bangladesh taka (BDT) appreciated marginally by 0.10 per cent against the US dollar in the last three weeks following regular intervention in the foreign exchange market by the central bank, treasury officials said. The central bank started intervening...

Potato price goes up in local markets

2007-11-22 00:00:00

FE Report Prices of potato have gone up sharply in the kitchen markets despite its adequate supply, market sources said.The prices of widely consumed potato have risen by Tk 5.0 each kilogram (kg) to Tk 27 since Monday at retail...

Chevron plan for 3D seismic survey in Block 14 approved

2007-11-22 00:00:00

FE ReportThe government has approved Chevron Bangladesh's plan to conduct a three-dimensional (3D) seismic survey at Moulvi Bazar under Block 14 in the country's northeastern region, company sources said."Now we are planning to initiate conducting the survey in early January...

Govt to allocate housing grants to cyclone victims

2007-11-22 00:00:00

The government has decided to allocate Tk 5000 to Tk 10000 in housing grants to cyclone-hit people, said law and information adviser Mainul Hosein in a news briefing Wednesday, reports bdnews24.com. "The cyclone victims do not want to stay at...