The High Court (HC) Sunday stayed for two weeks the Election Commission's (EC) invitation to acting BNP secretary general Hafizuddin Ahmed to the electoral reforms dialogue, reports bdnews24.com. The court, in the ruling on a petition by detained BNP chief...
FE Report The government will drop unimportant projects from the annual development programme (ADP) to divert resources to the post-cyclone rehabilitation activities."We will rigorously scrutinise the ADP to exclude unimportant projects," said Finance and Planning Adviser Mirza Azizul Islam on...
The government has appointed Md Showkat Ali as the new chairman of the Power Development Board (PDB). Prior to his appointment, on November 13 as the PDB chief, Ali was member (project and development) of the same organisation. Md Khijir...
A Dhaka court Sunday cleared businessmen Salman F Rahman and Sohel F Rahman of funds embezzlement in two cases after the plaintiffs said that they had got their money back. Magistrate Al Mamun of the Chief Metropolitan Magistrate's Court for...
Police recovered the body of an unidentified young man from a hotel in the city's Mogbazar area Sunday morning. Informed by the staff of Porosh International Residential Hotel, police recovered the body, aged about 25, from Room No-24 at about...
FE Report The government has decided to expand the fertiliser distribution network by appointing sub-dealers at union levels to ensure easy access of farmers to the supply sources.At present there are 4,800 fertiliser dealers appointed by the Bangladesh Chemical Industries...
FE ReportDhaka Bank Ltd, a leading private commercial bank (PCB), will further strengthen its operation in stock market."Dhaka Bank will be one of the top five brokerage houses in the stock market very soon and it is now well positioned...
PESHAWAR, Nov 18(AP): Rival Sunni and Shiite Muslims clashed Sunday in a northwestern Pakistan town where three days of sectarian violence has left 91 people - most of them civilians - dead, officials said. The military said it was sending...
Geoff Dyer, FT Syndication ServiceSHANGHAI: A Tesco supermarket in a suburb of Shanghai announced late last month it would sell 3,000 bottles of cooking oil at half price. Hundreds queued and when the doors opened, there was a stampede. Nineteen...
Asia Energy incurred a loss of 3,286,000 Pound Sterling in 12 months till June 30, 2007, at its Phulbari Coal Mine project in Bangladesh. According to an annual report of the Global Coal Management (GCM) ply, which owns the Asia...
FE Report The Bangladesh Bank (BB) will ask the commercial banks to check the misuse of electricity to help maintain the normal supply of power across the country. The advice will be made from a bankers' meeting to be held...
Saudi gas pipeline fire kills 28 RIYADH, Nov 18 (Reuters) : Twenty-eight people were killed when a fire broke out in a gas pipeline near the Hawiyah gas plant in Saudi Arabia overnight, Saudi Aramco said on Sunday. The state...
The Anti-Corruption Commission (ACC) Sunday served notices to 12 corruption suspects including Dhaka City Corporation Mayor Sadek Hossain Khoka, Awami League (AL) presidium members Tofail Ahmed and Sajeda Chowdhury, and former Adviser to the caretaker government Justice Fazlul Haque, directing...
US chargé d' affaires in Dhaka Geeta Pasi said Sunday two US Navy ships would be in Bangladesh to facilitate rescue work in the cyclone-ravaged south, reports bdnews24.com. "The ships are coming as part of a series of military exercises...
FE ReportReal estate developers of the country are going to kick off their annual event, REHAB Fair-2007, in the city on November 20 with high hopes of spurring the real estate business after a lull over the last one year.The...
FE ReportThe US dollar sustained its strength against the Bangladesh taka (BDT) Sunday in the inter-bank foreign exchange market with stable demand for the greenback, fund managers said.The market was moderately active due to weekend in the international market, they...
IT would be an understatement to say that power provides the most vital infrastructure for economic growth of the country. The 11-hour blackout across the country caused by the devastating cyclone Sidr from the Friday morning until the early hours...
Shamsul Huq Zahid FORGERS have been using their ingenuity in the production of educational certificates, passports, visas, fake land records and deeds, counterfeit currencies etc., for a long time. The counterfeiters or forgers do belong to a breed that is...
John Burton and Amy KazminWITH Burma's state-controlled banking system crippled by stifling regulations, Burmese business people -- and others with access to hard currency -- have for years looked to Singaporean banks to hold their assets.Singapore has a much more...
Hugh Williamson The new head of Transparency International(TI) has warned London and other global financial centres to expect "much, greater pressure" from the corruption watchdog to tighten antigraft and money laundering regulations.Cobus de Swardt told the Financial Times in his...
Amirul IslamBUSINESS, conducted ethically, cannot cause consumers' sufferings. Businesses ought to be guided not by the lust for abnormal profits, but legitimate ones. Otherwise, hoarding, black-marketing and profiteering would not be seen as unlawful activities. Unfortunately, ethical business practice, absent...
THIS year, the REHAB is holding its fair in the city under very depressed market conditions. The real estate developers face a drastic fall in the demand for flats and plots. If the demand situation does not improve sooner than...
PRICES are no matter to consumers of luxury products. Rich consumers can, and do buy products at prices far above their real value as they think that it adds to their status or elegance and distinguish them from the others....
Tom Engelhardt I know. Times are tough. Here, in the United States, the bottom's threatening to blow out of the housing market. Here, construction companies are laying off employees and builders are wondering where their next jobs are likely to...
Raphael Minder from Hong Kong and Joe Leahy from MumbaiINDIAN companies are giving their staff the biggest salary increases in the world, according to a survey that is likely to fuel concerns over wage inflation in one of the fastest...
Amy Kazmin from Bangkok BURMA'S military junta mounted a show of defiance against international pressure last week, publicly spurning several initiatives proposed by a United Nations special envoy to break the impasse between the military and advocates of democracy. The...
Raphael Minder from Dushanbe, TajikistanEIGHT countries have signed an agreement to spend $19bn on roads and railways running through central Asia to revive and expand the ancient Silk Road that connected China and Europe.The modern version is expected to include...
SINGAPORE, Nov 18 (AFP): A free-trade zone in ASEAN's 10 states plus Australia, China, India, Japan, New Zealand and South Korea would bring more benefits than any of the region's smaller trade pacts, a new study said. The creation of...
KLEINMOND, South Africa, Nov 18 (Reuters): Finance chiefs from the Group of Twenty (G20) economic powers end two days of talks on the global economy Sunday as a sinking US dollar, a painful credit crunch and soaring oil prices threaten...
BEIJING, Nov 18 (PTI): Chinese commerce ministry has warned of a sharp decline in exports due to anticipated global slowdown stemming out of a dim outlook for the US economy.In its latest outlook, the ministry said there was a possibility...
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