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Five chargesheeted in Jatrabari flyover scam case

2007-11-15 00:00:00

Charge sheet against five persons was submitted to the CMM court Wednesday in the Jatrabari flyover scam case. They include former prime minister's political secretary Haris Chowdhury, his brother-in-law Masum Ahmed, driver Abdus Salam, Orion Group chairman Obaidul Karim and...

Manpower export to Poland begins

2007-11-15 00:00:00

Foreign Adviser Iftekhar Chowdhury has said Wednesday a new beginning has been made in terms of manpower export to Poland as 204 skilled workers have already been selected for the purpose. — UNB

Hurricane 'SIDR' likely to hit today

2007-11-15 00:00:00

The Met Office Wednesday evening sounded great danger signal-10 for Mongla Port, and great danger signal-9 for Chittagong and Cox's Bazar, as the hurricane 'SIDR' in the Bay of Bengal was expected to make landfall Thursday, report bdnews24.com and UNB....

Global markets, domestic inflation

2007-11-15 00:00:00

Shahiduzzaman KhanAgainst the backdrop of spiralling prices of essential commodities, the government weighed various options to put a brake on it. The latest is the report of an inter-ministerial committee that recommended taking up legal actions against those involved in...

Reformists take control of BNP central office amid tight security

2007-11-15 00:00:00

The reformist BNP faction took control of the party headquarters as the office at Naya Paltan in the city reopened Wednesday after over a 10-month closure since the declaration of the state of emergency in the country on January 11,...

CA optimistic about improvement in economic situation

2007-11-15 00:00:00

FE ReportChief Adviser (CA) Fakhruddin Ahmed said Wednesday the country's current economic slowdown will be over as the interim government has already taken some measures, including formation of a private-public business forum, to address the situation. "The government's ongoing drive...

Deadline extension fails to woo too many taxpayers

2007-11-15 00:00:00

FE ReportThe National Board of Revenue (NBR) has not been receiving the expected level of response from the individual taxpayers even after extending the return submission deadline by one month.The board has received tax returns worth Tk 5.32 billion from...

Sovereign credit rating begins by May next

2007-11-15 00:00:00

FE Report The work on Bangladesh's first credit rating might start by May next, aiming at helping the country mobilise overseas funds and attract investment, Bangladesh Bank (BB) officials said Wednesday."We are hopeful about the start of work on preparation...

BATEXPO '07 starts today

2007-11-15 00:00:00

FE ReportThe 18th Bangladesh Apparel and Textile Exposition (BATEXPO)-2007, an annual event for exhibition of the country's readymade garments (RMG), kicks off in the city today (Thursday) to attract overseas buyers.President of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA)...

Stock prices on DSE mixed

2007-11-15 00:00:00

FE ReportStock prices on the Dhaka Stock Exchange (DSE) continued to remain mixed for the second consecutive day Wednesday on profit taking by the investors after four days of rally. On the day, in the loser dominating market, the prices...

Bangladesh joins Trans-Asian Railway network

2007-11-14 00:00:00

RAILWAY transport is a neglected sector in Bangladesh. Compared to other modes of transport, development in railway has hardly progressed in the long thirty-six years after the independence of the country. In sharp contrast to this, in other parts of...

The story of Maddhyapara hard rock project

2007-11-14 00:00:00

Enayet RasulThe development of Bangladesh has been hazarded for a long time from lack of construction materials. One of them is hard rock. The rocks have various uses. They are needed for breaking down into pebbles for use in road...

The trouble with converting food crops

2007-11-14 00:00:00

Dino Mahtani WHEN Luiz Indcio Lula da Silva, Brazil's president, swung through Africa on a week-long tour last month, he eagerly promoted the production of biofuels as an energy and development strategy.As the leader of a country emerging fast as...

Amending business laws

2007-11-14 00:00:00

M Azizur RahmanNOTHING could be more timely than the idea of a truth commission to save trade, industry and the economy from some of the unintended negative impacts of the ongoing anti-graft actions. Businessmen are losing interest in investment as...

Making claims under UNCLOS

2007-11-14 00:00:00

THE United Nations Convention on the Law of the Seas (UNCLOS), is the only hope for countries like Bangladesh for physical expansion and making claim to various sea resources to expect some balance between their population, living space and resource...

Awful garbage carrying

2007-11-14 00:00:00

GARBAGE carrying in day time has unfortunately remains yet a regular activity. It is no overstatement to say that Dhaka has turned into a city of garbage in many of its sections under the present system of garbage disposal. Garbage...

Microfinance programmes in Bangladesh

2007-11-14 00:00:00

Dr. Salehuddin Ahmed writes in the first of a two-part articleFINANCIAL services for the poor have proved to be a powerful instrument for poverty reduction enabling the poor to build assets, increase incomes and reduce the vulnerability to economic stress....

Role of NGOs in job creation

2007-11-14 00:00:00

Md. AourongjebEmployment rate of a country is considered as one of the vital tools to measure its overall growth. If the rate is not satisfactory, it may be said that the country is lagging behind the current race and immediate...

Indian PM seeks enhanced trade ties with Russia

2007-11-14 00:00:00

MOSCOW, Nov 13 (PTI): Prime Minister Manmohan Singh yesterday sought a "big leap forward" in Indo-Russian trade and investment including in the energy sector where there are bilateral synergies "waiting to be exploited." Addressing the leaders of Russian and Indian...

Eurozone finance chiefs urge China to bear more 'responsibility' for global financial stability

2007-11-14 00:00:00

BRUSSELS, Nov 13 (AFP): Eurozone finance ministers urged China yesterday to bear more "responsibility" for global financial stability as they prepared a top-level mission to lobby Beijing about its runaway trade surplus with Europe. Finance ministers, who were meeting in...

China consumer inflation rebounds in October

2007-11-14 00:00:00

BEIJING, Nov 13 (Reuters): Soaring food costs drove up China's inflation in October, reinforcing expectations that the central bank will raise interest rates again before long to keep a lid on price pressures. Consumer price inflation quickened to 6.5 per...

WTM predicts global trends in travel industry

2007-11-14 00:00:00

LONDON, Nov 13 (Xinhua): World Travel Market (WTM) unveiled here yesterday a report predicting global trends in the travel industry over the next five years. According to the report, tourism in North Africa is poised for success, with Morocco being...

China under fire at WTO for restrictions on foreign media

2007-11-14 00:00:00

GENEVA, Nov 13 (AFP): China was criticised at the World Trade Organisation (WTO) yesterday for its restrictions on foreign news agencies who are unable to sell their information to local media, trade sources said. Canada, the United States, Japan and...

Eurozone rate hikes possible if financial turmoil abates

2007-11-14 00:00:00

PARIS, Nov 13 (AFP): Interest rates in the 13-nation Eurozone could rise if financial turbulence sparked by the US home loan crisis is contained, the IMF predicted yesterday. "In the euro area and several other advanced economies, monetary policy has...

IMF, Liberia reach deal on reducing debt

2007-11-14 00:00:00

WASHINGTON, Nov 13 (AFP): The International Monetary Fund (IMF) has struck a "milestone" deal with member countries allowing it to provide debt relief to Liberia, the fund announced yesterday. Member states have made pledges totalling more than 842 million dollars,...

Oil prices steady above 94 dollars in Asia

2007-11-14 00:00:00

SINGAPORE, Nov 13 (AFP): World oil prices held above 94 dollars per barrel in Asia today in steady trade ahead of a rare weekend summit of the OPEC oil cartel. In afternoon trade, New York's main futures contract, light sweet...

Gold below $800 as dollar hurts commods

2007-11-14 00:00:00

NEW YORK/LONDON, Nov 13 (Reuters): Commodities tumbled yesterday, with gold slipping below the key psychological mark of $800 an ounce and crude oil and copper prices plummeting, as the dollar rebounded from recent lows. Corn, soybeans and sugar, the three...

$ rebounds from 18-month low against yen

2007-11-14 00:00:00

TOKYO, Nov 13 (AFP): The dollar rebounded from an 18- month low against the yen in Asian trade today as Tokyo voiced concern about the recent spike in the value of the Japanese currency, dealers said. They said traders were...

Saudi oil minister dismisses OPEC supply increase

2007-11-14 00:00:00

LONDON, Nov 13 (Reuters): OPEC members will not announce an increase in oil production at this weekend's Riyadh summit, Saudi Arabia's oil minister said today, suggesting oil prices are likely to stay around $100 a barrel. In an interview with...

Cotton prices remain unchanged in Pakistan

2007-11-14 00:00:00

KARACHI: The weekend Lint prices remained unchanged after phutti's arrival at brisk pace, the KCA sources said here Monday, according to Internet. The sources said that the spinners and the millers continued buying at brisk pace which forced the prices...