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Gasquet too good for Rochus in Mumbai tennis final

2007-10-02 00:00:00

MUMBAI, Oct 1 (AFP): Top-seeded Frenchman Richard Gasquet capped a spectacular run in the Mumbai Open with a 6-3, 6-4 victory over eighth-seeded Belgian Olivier Rochus in the final Sunday. The 21-year-old Frenchman faced a brief resistance in the second...

Buy-riot on Trust Bank shares debut day

2007-10-02 00:00:00

FE ReportThe hefty trading of the Trust Bank on its debut day Monday triggered a surge in transactions on both the stock exchanges, which remained sluggish in recent days."The market remained overheated from the very opening of the trading just...

NBR to launch drive against undisclosed money holders

2007-10-02 00:00:00

FE ReportThe National Board of Revenue (NBR) will launch a drive against the undisclosed money holders who failed to avail themselves of the opportunity of legalising their income during the last four months.The board will take action as per existing...

Dhaka likely to get increased US aid next year

2007-10-02 00:00:00

A Z M AnasThe United States might offer increased aid to Bangladesh, provided Dhaka uses money "effectively" to organise democratic elections, combat corruption, and invest in human development, a senior American aid official said."There will be strong congressional support for...

Govt shifts agri rehab programme from 'Aman' to 'Boro' season

2007-10-02 00:00:00

S M JahangirThe government has planned to divert its agriculture rehabilitation programme from 'Aman' cultivation to the next 'Boro' crop season, aiming to recoup the country's losses of foodgrain output due to the recent flooding."Now, the government is going to...

Held DU teachers testify before commission

2007-10-02 00:00:00

Two detained Dhaka University (DU) teachers and a Jatiyatabadi Chhatra Dal (JCD) leader started testifying before the judicial inquiry commission at the Circuit House at 11am Monday, reports bdnews24.com. Dean of Social Science Faculty Prof Harunur Rashid was the first...

Citigroup warns of 60pc drop in earnings

2007-10-02 00:00:00

Daniel Pimlott, FT Syndication ServiceLONDON: Citigroup warned Monday that it expected third-quarter net income to drop by 60 per cent because of the credit turmoil over the summer.Chuck Prince, chairman and chief executive, said in a statement: "Our expected third-quarter...

HC stays ACC cases against Tarique, Moudud, Nazmul for six weeks

2007-10-02 00:00:00

The High Court (HC) Monday stayed for six weeks the proceedings of the case initiated by the Anti-Corruption Commission (ACC) against detained former Prime Minister Khaleda Zia's eldest son Tarique Rahman for concealing information on wealth, reports UNB.A division bench...

Govt appeals against Khaleda bail

2007-10-02 00:00:00

The government and the Anticorruption Commission (ACC) Monday sought Supreme Court freezes on the High Court bail to former prime minister Khaleda Zia and the stay on GATCO corruption case proceedings, reports bdnews24.com. The court of the chamber judge of...

Four ex-govt officials sent to jail

2007-10-02 00:00:00

A Dhaka court Monday sent two civil servants without specific assignments, a former secretary and a Rajuk official to jail on charges of selling 18 government houses for "lower than market prices", reports bdnews24.com. Retired housing and public works secretary...

Energy Div urges BB to arrange extra $300m fund for oil import

2007-10-02 00:00:00

Shakhawat Hossain The Energy Division has urged the central bank for arranging an additional amount of US$300 million for uninterrupted import of petroleum products in the current fiscal, official sources said.Energy Division Secretary ANM Nasiruddin said his ministry has intimated...

ACC sues Salman Rahman, ex-AB Bank MDs

2007-10-02 00:00:00

The Anti-Corruption Commission (ACC) Monday filed a misappropriation case of over Tk 1.91 billion (191 crore) against business tycoon Salman F Rahman and three former Managing Directors of Arab Bangladesh Bank and others. ACC Assistant Director Mahbubul Alam filed the...

Chargesheet submitted against Shahjahan Chy

2007-10-02 00:00:00

Police submitted chargesheet to the court against Shahajahan Chowdhury, former Jamaat MP, in a corruption case filed by ACC. Now fugitive Shahjahan was accused of concealing information about a Pajero jeep in his wealth statement submitted to ACC. Faisal Morshed...

Home Ministry to make public info through website

2007-10-02 00:00:00

The Ministry of Home Affairs Monday decided to make public information about its nine departments through website, excepting the information concerning the state security. —UNB

Biman, HAAB at loggerheads on flight schedules for Hajj pilgrims

2007-10-02 00:00:00

Naim-Ul-KarimBiman Bangladesh Airlines Ltd and Hajj Agencies Association of Bangladesh (HAAB) are at loggerheads on flight schedules for hajj pilgrims, sources said.They said the national flag carrier is yet to inform the HAAB the exact hajj flight schedules, which is...

Latest SEC move on renewal of BO accounts likely to bring transparency in share trading

2007-10-02 00:00:00

Refayet Ullah MirdhaStock market operators said the latest move by the Securities and Exchange Commission (SEC) on renewal of Beneficiary Owners (BO) accounts will bring more transparency in share trading."Fixation of Tk 300 as annual maintenance fee for each BO...

Presence in SME sector to be strengthened

2007-10-02 00:00:00

FE ReportMercantile Bank Ltd says it will strengthen its presence in the area of small and medium enterprises (SMEs) and help alleviate poverty."Our presence in the SMEs began in June, 2006 and we will strengthen our financing in the area...

Delwar calls for lifting of state of emergency, ban on politics

2007-10-02 00:00:00

BNP Secretary General Khandaker Delwar Hossain Monday called for lifting of the state of emergency and the ban on politics.Talking to the reporters at his NAM apartment, he also welcomed the High Court (HC) verdict granting bail to Khaleda Zia...

UK director for Asia due today on 3-day visit

2007-10-02 00:00:00

UK Foreign and Comm-onwealth Office Director for Asia John Dennis will arrive in the city today (Tuesday) on a three-day visit to Bangladesh, reports UNB. During this first official visit to Bangladesh, Dennis is expected to emphasise the importance of...

BB asks banks to invest excess amount of funds in productive sectors

2007-10-02 00:00:00

Siddiqiue IslamThe Bangladesh Bank (BB) has advised all banks to invest their excess funds in the productive sectors, particularly in the small and medium enterprises (SME). The central bank suggestion came when most of the commercial banks are facing problem...

CEC favours emergency until election

2007-10-02 00:00:00

TANGAIL, Oct 1 (bdnews24.com): Chief election commissioner ATM Shamsul Huda said Monday the state of emergency should remain in force through to general elections for a sound law and order for fair voting. "The law and order must be kept...

Dollar, call rate unchanged

2007-10-02 00:00:00

FE ReportThe US dollar was steady against the Bangladesh taka (BDT) Monday in the inter-bank foreign exchange market with stable demand for the greenback. The market was active due to trading in the international market, fund managers said.The inter-bank call...

Mongla Customs to auction huge urea stockpiled at port

2007-10-02 00:00:00

FE Report The Mongla Customs House (MCH) will soon float a bid to auction 802.95 metric tonnes of urea fertiliser that remained stockpiled in the port jetty, sources in the revenue board in Dhaka said."We have asked the MCH to...

Matin’s call to stop launch, steamer overloading

2007-10-02 00:00:00

Communications Adviser MA Matin Monday ordered the concerned agencies to check overloading of passenger launches and steamers on the eve of Eid-ul-Fitr from October 10 to October 20, reports UNB."Most of the river accidents occurred in the past due to...

Recovering the money smuggled abroad

2007-10-01 00:00:00

The Chief Adviser. Dr Fakhruddin Ahmed, called on the international community to assist Bangladesh in every possible way to bring back to the country the huge amounts of resources that the nexus of corrupt politicians-bureaucrats-businessmen and others smuggled out of...

Anti-graft drive and unaddressed troubles of common man

2007-10-01 00:00:00

Shamsul Huq Zahid The word, 'corruption', must be the most frequently used word in gossips, television talk-shows, newspaper reports, proceedings of the courts etc., these days. The issue of corruption would inevitably overtake others in a discussion on the image...

Asean faces greatest hurdle over Burma

2007-10-01 00:00:00

John Burton from SingaporeThe crackdown against pro-democracy protesters in Burma represents the biggest political crisis for the Association of South East Asian Nations (Asean) in a decade and comes at a sensitive time when the group is about to launch...

Expatriates worry over investments in real estate at home

2007-10-01 00:00:00

M M Haque from JeddahAt the dawn of the on-going anti-corruption drive the biggest real estate conglomerate was on hunt. Gradually many of the land developers and real estate owners were put behind the bar. The eye catching graphic design...

Extension of time for declaration of undisclosed money

2007-10-01 00:00:00

The National Board of Revenue (NBR) has extended the date for filing income tax returns but not the deadline for declaring undisclosed or undeclared money. As a banker I can say with impunity that the bulk of money deposited in...

Pro-active stance of govt on arresting price-rise

2007-10-01 00:00:00

Consumers across the country have been in a bitter mood due to the rising costs of living. The upward movement of prices has not been a creeping one . Price rises have been accelerating over the months. In this context,...