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HC postpones FBCCI polls for three weeks

2007-10-01 00:00:00

The High Court Sunday postponed for three weeks the scheduled election to the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), reports UNB.Passing an interim order, upon a writ petition, a bench headed by Justice Syed Mahmud Hossain issued...

CA returns home from New York

2007-10-01 00:00:00

Chief Adviser Dr Fakhruddin Ahmed returned home Sunday night from New York after attending the 62nd session of the UN General Assembly. A VVIP flight of the Emirates Airlines, carrying the Chief Adviser and his entourage, landed at the Zia...

Goods train derails

2007-10-01 00:00:00

COMILLA, Sept 30: The engine and a compartment of a wheat-laden train derailed at Lalmai rail station here this (Sunday) morning, disrupting train communications on Dhaka-Chittagong route. —UNB

Move initiated to raise manpower export from less advanced areas

2007-10-01 00:00:00

Shakhawat Hossain The government has initiated a move to increase manpower export from the country's less advanced areas aiming to remove regional income disparity and reduce poverty, official sources said.The Ministry for Expatriates' Welfare and Overseas Employment has already been...

Survey of compliance issues in apparel sector begins

2007-10-01 00:00:00

FE ReportThe Compliance Monitoring Cell under the Ministry of Commerce has started conducting a random survey of the compliance issues in the country's apparel sector.The purpose of the survey is to prepare a comprehensive report acceptable to all stakeholders both...

DESCO starts production of pre-paid meters

2007-10-01 00:00:00

FE ReportThe Dhaka Electric Supply Company Ltd (DESCO) has started commercial production of pre-paid electric meters to help enhance government revenue, checking electricity theft and reducing systems loss."We have started commercial production of pre-paid electric meters in the DESCO factory...

Most of luxury coach tickets sold in advance before Eid

2007-10-01 00:00:00

Jasim Uddin Haroon Bus tickets of most of the luxury coaches operating from Dhaka have been sold in advance on the occasion of Eid-ul Fitr holidays. Mohamed Nizam, sales executive of Green Line, a popular luxury coach services, told the...

DSE indices mixed

2007-10-01 00:00:00

FE ReportThe indices on the Dhaka Stock Exchange (DSE) Sunday remained mixed after decline in share prices for four days in a row.Market operators said prices of the shares on the DSE remained mixed due to thin trading.Moreover, investors' enthusiasm...

Dollar, call rate stable

2007-10-01 00:00:00

FE ReportThe US dollar was stable against the Bangladesh taka (BDT) Sunday in the inter-bank foreign exchange market as the demand for the greenback remained steady. The market was moderately active due to weekend in the international market, fund managers...

People still have confidence in Khaleda, Hasina: Hannan

2007-10-01 00:00:00

GAZIPUR, Sept 30 (UNB): BNP Chairperson's adviser ASM Hannan Shah said Sunday that the caretaker government should hand over power after arranging an election as soon as possible.Referring to the recent comment of Chief Adviser that a non-elected government should...

ACC questions 3 more in container handling case

2007-10-01 00:00:00

The Anti-Corruption Commission (ACC) Sunday questioned former Cabinet Secretary and PSC Chairman Dr Sa'dat Hossain, a former Shipping Secretary, and a serving Additional Secretary in connection with the container handling case filed against former Prime Minister Khaleda Zia, reports UNB.The...

Detained DU teachers testifying before commission

2007-10-01 00:00:00

Two detained Dhaka University teachers and a Jatiyatabadi Chhatra Dal leader started testifying before the judicial inquiry commission at the Circuit House at 11am Monday. Prof Harunur Rashid, dean of social science faculty of Dhaka University, was the first to...

HC halts Tarique, Moudud, Huda cases

2007-10-01 00:00:00

The High Court Monday halted the proceedings of three graft cases against former prime minister Khaleda Zia's son Tarique Rahman, former law minister Moudud Ahmed and former communications minister barrister Nazmul Huda and his wife. The court simultaneously asked the...

ACC questions 4 ex-secretaries in GATCO case

2007-10-01 00:00:00

Four former secretaries Monday testified before the Anticorruption Commission (ACC) investigators in the GATCO corruption case against former prime minister Khaleda Zia. They are former secretary to Prime Minister's Office AHM Nurul Islam, former secretary to IMED Manik Lal Samaddar,...

Many reporters worldwide face persecution

2007-09-30 00:00:00

Eric GreenPRESS freedom advocates are expressing concern that many governments worldwide are jailing reporters on specious charges of defaming or insulting heads of state.The Virginia-based World Press Freedom Committee says that defamation of a public official remains a crime in...

Slowing down the population growth rate

2007-09-30 00:00:00

Murad Reza A great deal of publicity was given some years ago to the decreasing population growth rate in Bangladesh which is one of the most populous countries in the world and presently the country with the highest population density....

10 per cent tax on saving schemes

2007-09-30 00:00:00

A 10 per cent tax that was slapped under the fiscal measure for the current financial year, on the yields of government operated saving schemes is hard hitting the small savers or relatively the people of modest means.The savers include...

A picture of DMCH

2007-09-30 00:00:00

Dhaka Medical College Hospital (DMCH) is the only option for poor patients who cannot access the highly priced private medical care. Admission and most of the charges for services at DMCH are supposed to be free or the patients are...

Problems in legalising untaxed income: Ambiguities in SRO should be removed

2007-09-30 00:00:00

S K Basak FCAFor legalising / whitening of untaxed income, the Government issued SRO No. 98-Law/2007 dt 4-6-07 and subsequently a Circular No.NBR/Tax-7/AA:AA: B/04/2007 dt 7-8-07 and also another Circular No.NBR/Tax-7/AA:AA: B/04/2007 dt 18-9-07 as the second clarification. Despite clear-cut...

Canada dollar dominance shows break with US dollar

2007-09-30 00:00:00

Haris AnwarCurrency traders are concluding that there's nothing the U.S. economy can do that Canada's can't do better. Much better. The U.S. and Canadian dollars, which traded in tandem 94 percent of the time since 2000, decoupled in May and...

Greenspan's miscues haunt Bernanke as Fed weighs cut

2007-09-30 00:00:00

Rich MillerFederal Reserve Chairman Ben S. Bernanke is grappling with what predecessor Alan Greenspan might call a conundrum. At issue is whether today's U.S. economy most resembles 1998, when Greenspan may have been too eager to cut interest rates, or...

Asian cities aim for smart card link-up

2007-09-30 00:00:00

Jonathan Soble and Mariko Sanchanta from Tokyo and Robin Kwong from Hong KongTRAVELLING between cities in Asia could become slightly easier in the near future, under a Japanese plan to integrate payment systems for railways and other domestic transport in...

Europe's economic outlook darkens as business, consumer confidence plunges

2007-09-30 00:00:00

BRUSSELS, Sept 29 (AFP): Europe's economic outlook darkened yesterday as business and consumer confidence plunged in the face of a surging euro, record oil prices and volatile financial markets. Amid mounting pessimism, top officials from the 13-nation Eurozone voiced growing...

India warns developing nations won't be able to meet MDGs

2007-09-30 00:00:00

UNITED NATIONS, Sept 29 (PTI): Warning that many developing nations will not be able to fulfil the Millennium Development Goals (MDGs), India has asked the rich countries to meet the commitments made by them to increase official development assistance, transfer...

'Eurozone to toughen its line on euro at G7 meeting'

2007-09-30 00:00:00

BRUSSELS, Sept 29 (AFP): Members of the Eurozone are preparing to raise pressure on their Group of Seven (G7) partners over exchange rates, Eurogroup chairman Jean-Claude Juncker told the news agency yesterday after the euro hit a new record. "We...

IMF appoints Strauss-Kahn its new chief

2007-09-30 00:00:00

WASHINGTON, Sept 29 (AFP): The International Monetary Fund appointed Dominique Strauss-Kahn its new chief yesterday as the battered institution seeks to redefine itself in the face of increasing skepticism globally. The IMF executive board said it had chosen "by consensus"...

Brent crude price hits fresh record, as metals shine

2007-09-30 00:00:00

LONDON, Sept 29 (AFP): Crude oil prices struck fresh record high points this week amid tight global supplies of energy. Oil and other commodities priced in dollars also benefited from a weak US dollar as they became cheaper for buyers...

Bush authorises $25m oil aid for N Korea

2007-09-30 00:00:00

WASHINGTON, Sept 29 (AFP): US President George W. Bush has authorized 25 million dollars in energy aid to North Korea in response to Pyongyang's progress in complying with its denuclearization agreement. The move came yesterday as negotiators in Beijing continued...

Oil retreats after storm hits Mexico

2007-09-30 00:00:00

NEW YORK, Sept 29 (AFP): Crude oil prices retreated yesterday after an early spike, as traders locked in gains after a storm in the Gulf of Mexico weakened as it moved ashore. New York's main futures contract, light sweet crude...

Euro smashes another record against dollar

2007-09-30 00:00:00

LONDON, Sept 29 (AFP): The euro went on another record- setting run against the beleaguered US dollar yesterday, smashing through the 1.42-dollar level for the first time to hit a new peak of 1.4243 in late trade here. Analysts said...