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Vincent replaces injured Fulton

2007-10-04 00:00:00

Batsman Lou Vincent has been recalled to the New Zealand squad for the November Test tour of South Africa, reports BBC. Vincent, in and out of the Test team since his debut against Australia in 2001, replaced Peter Fulton, who...

Mirza, Williams advance at Japan Open tennis

2007-10-04 00:00:00

TOKYO, Oct 3 (AFP): India's Sania Mirza struggled while Venus Williams barely worked up a sweat, but both women booked their spots Wednesday in the quarter-finals of the Japan Open. The second-seeded Mirza had to fight back from a service...

UEFA Cup favourites Bayern hit by injuries

2007-10-04 00:00:00

PARIS, Oct 3 (AFP): German giants Bayern Munich will be without captain and keeper Oliver Kahn and key striker Miroslav Klose for the crucial UEFA Cup clash against Belenenses Thursday. "They are two important players for Bayern, both on and...

Hyypia after another deal at Liverpool

2007-10-04 00:00:00

LIVERPOOL, England, Oct 3 (AFP): Sami Hyypia is convinced he can earn himself a new contract at Liverpool because he claims he is tailor-made for Rafa Benitez's controversial rotation policy. Hyypia, who has made over 400 appearances during eight years...

Right to information is a fundamental human right

2007-10-04 00:00:00

Abdus SalamPEOPLE'S right to information has been widely accepted as a prerequisite for the effective functioning of a democracy. Over 40 countries across the world have comprehensive laws to facilitate access to state records and more than 30 are in...

The quality issues and protecting the country's interest

2007-10-04 00:00:00

Ahmed Showkat MasudOUR national economy is undergoing rapid changes. Explosive growth of global trade in international market place and international competition are the causes of such rapid changes in our economy. If any country can not compete in the global...

Definition of 'capitalism' still elusive

2007-10-04 00:00:00

Ralph Atkins THE European economy or, more accurately, Europe's economies, have changed markedly in recent years as a result of the forces of globalisation, government reforms and a monetary union that now sees 13 countries sharing the euro currency. But...

The wrong lessons from Munich

2007-10-04 00:00:00

Gideon RachmanEARLIER this year I got an e-mail from a reader accusing me of combining the "worst qualities" of Adolf Hitler and Neville Chamberlain. My offence had been to write a column suggesting that it would be a bad idea...

No decision on Tata investment before a clear picture of gas reserve: Aziz

2007-10-04 00:00:00

FE Report Finance adviser AB Mirza Azizul Islam said the caretaker government will not be able to take any decision about the Indian business conglomerate Tata's US$3.0 billion investment proposal before getting a clear picture about the country's gas reserve...

Wake-up call for garments industry

2007-10-04 00:00:00

Shahiduzzaman KhanThere has been sharp fall in the readymade garments (RMG) export orders from the United States (US) and the European Union (EU), the largest apparel buyers from Bangladesh in recent times. The withdrawal of all restrictions on China's garment...

Truth Commission for businessmen suspected of corruption likely

2007-10-04 00:00:00

FE report The caretaker government is considering formation of 'Truth Commission' for the businessmen suspected of corruption.If established, the would-be commission will fine the corrupt businessmen, particularly small ones, and/or confiscate assets amassed through corruption, but avoid potentially costly lawsuits.This...

NGOs want MRA to reconsider decision on term deposits

2007-10-04 00:00:00

FE ReportNGOs and micro-credit organisations have demanded of the Microcredit Regulatory Authority (MRA), to reconsider its decision not to allow NGOs (non-governmental organisations) to accept long-term deposits from their members."Savings is a bulwark against any financial insecurity and the latest...

BB invites 6 investors to exercise due diligence on Oriental Bank

2007-10-04 00:00:00

FE Report The Bangladesh Bank (BB) has invited six potential investors to exercise due diligence on the troubled Oriental Bank Limited to buy its shares worth Tk 4.0 billion, official sources said. The central bank has sent such invitation letters...

Washington Post on war on graft in Bangladesh

2007-10-04 00:00:00

It's been called Bangladesh's war on corruption, a revolution in this South Asian nation once persistently ranked as the most kleptocratic in the world. It's a place where extorting cash was so ingrained in the social fabric that even the...

Khaleda likely to be quizzed next week

2007-10-04 00:00:00

Detained former Prime Minister Khaleda Zia is likely to be quizzed next week in connection with the container handling case filed against her by the Anti-Corruption Commission, reports UNB. "The investigation officer is likely to file a petition in a...

NBR revenue growth in Q1 highest in a decade

2007-10-04 00:00:00

Shakhawat Hossain The revenue growth of the national board of revenue (NBR) in the first quarter (Q1) of the current fiscal was around 15 per cent against the projected growth of 18 per cent, official sources said.Though the revenue growth...

BB, NBR, BDR to monitor import position online

2007-10-04 00:00:00

Siddique Islam The Bangladesh Bank (BB) will, for the first time, launch an online monitoring system to know both the actual position of opening letters of credit (LCs) against imports and settlement situation to ensure smooth supply of the essentials...

AL for simplification of EC rules for parties' registration

2007-10-04 00:00:00

Key leaders of Awami League (AL) and Sammayabadi Dal Wednesday urged the caretaker government to lift the state of emergency at a realistic time instead of lifting it two months ahead of each election, reports UNB.CEC ATM Shamsul Hud said...

CG is to hold nat’l elections only, says Delwar

2007-10-04 00:00:00

BNP Secretary General Khandaker Delwar Hossain Wednesday said, the Caretaker Government (CG) had been mandated to stage national elections to hand over power to an elected government, and so, other elections should not be on its agenda, reports bdnews24.com. "The...

HC stays graft case against Salman Rahman

2007-10-04 00:00:00

The High Court (HC) Wednesday stayed the proceedings of a graft case against detained Beximco Group vice-chairman Salman F Rahman. Passing the interim order upon a petition, a division bench, comprising Justice Shah Abu Nayeem Mominur Rahman and Justice Zubayer...

DSE to remain closed Oct 10-15

2007-10-04 00:00:00

Dhaka Stock Exchange (DSE) has announced a six-day holiday on account of Lailatul Qadr and Eid-ul-Fitr from October 10 to October 15. The six-day holiday was announced as the DSE board decided that there would be no trading on October...

HC declares Babul's detention illegal

2007-10-04 00:00:00

The High Court (HC) Wednesday declared the detention of Nurul Islam Babul, chairman of Jamuna Group, illegal. A division bench, comprising Justice Shah Abu Nayeem Mominur Rahman and Justice Zubayer Rahman Chowdhury, ordered the government to release Babul forthwith, if...

Frozen food export to US market records 60pc decline

2007-10-04 00:00:00

Doulot Akter MalaExport of country's frozen foods to the US market has dropped by nearly 60 per cent recently.Exporters claimed that the overall export showed a sluggish trend, specially to the US market, as they were facing stiff competition from...

Customs, tax admn to undergo major modernisation soon

2007-10-04 00:00:00

S M JahangirThe entire customs and tax administration under the National Board of Revenue (NBR) will undergo major upgradation and modernisation from the next financial year.The government in association with the World Bank (WB) is set to launch a programme...

ADB can field consultant for Padma Bridge

2007-10-04 00:00:00

FE ReportThe government is going to allow the Asian Development Bank (ADB) to appoint a consultant for preparation of a detailed design of the proposed Padma Bridge setting aside the Public Procurement Regulations (PPR).The Economic Relations Division (ERD) has recently...

Bid winner reduces quoted price to plug gas seepage at B'baria field

2007-10-04 00:00:00

M Azizur RahmanThe US-based gas field blowout prevention firm, Boots & Coots, the lone bidder for plugging gas seepage at Titas gas field in Brahmanbaria, has reduced its quoted price by US$ 3.3 million.The company, which quoted $ 10.7 million...

Share prices on DSE fall due to profit-taking

2007-10-04 00:00:00

FE ReportShare prices on the Dhaka Stock Exchange (DSE) Wednesday declined after two-days' of surge due to profit taking by the investors.Trust Bank shares, which triggered the two-day rally declined 10.03 per cent to Tk 822.50 on the day and...

Govt urged to raise BSRS paid-up capital to Tk 1.0b

2007-10-04 00:00:00

Refayet Ullah MirdhaThe three-member committee, formed to offload shares of state-owned Bangladesh Shilpa Rin Sangstha (BSRS), has recommended the government to raise its paid-up capital from the reserve fund before listing on the stock exchanges.Earlier, the committee comprising Investment Corporation...

NID Ordinance to be promulgated before Dec 1

2007-10-04 00:00:00

The National Registration and Database Ordinance 2007 would be promulgated before the start of voter listing work in Dhaka City Corporation (DCC) areas on December 1, reports UNB."The use of national identity (NID) cards for availing 22 designated facilities and...

BB asks banks to devise plan for Beximco, Bashundhara

2007-10-04 00:00:00

Bangladesh Bank (BB) Wednesday instructed a few commercial banks to devise suitable transaction mechanisms for Beximco and Bashundhara groups to facilitate their businesses in absence of the detained owners, reports UNB.The instruction was given amid requests that the two large...