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Citigroup gets permission for merchant banking

2007-08-29 00:00:00

Refayet Ullah MirdhaThe Securities and Exchange Commission (SEC) Tuesday gave approval to 'Citigroup Global Markets Bangladesh Limited' to operate as merchant bank in the country's securities market.'Citigroup Global Markets Bangladesh Limited' is the first foreign entity allowed to conduct merchant...

Shab-e-Barat tonight

2007-08-29 00:00:00

The holy Shab-e-Barat or the night of fortune will be observed in the country today (Wednesday) with due religious fervour, reports UNB.Muslim devotees will spend the night in reciting the holy Quran and offering special prayers, seeking divine blessings for...

Army chief differs with Mainul, terms present govt 'a caretaker one'

2007-08-29 00:00:00

GAZIPUR, Aug 28 (UNB): Army Chief General Moeen U Ahmed Tuesday differed with Law Adviser Mainul Hosein's views that the present government is an army-backed national government."I don't think so. Government is here and it's a caretaker government," he said...

Big money holders still shy of disclosing income

2007-08-29 00:00:00

Doulot Akter MalaThe National Board of Revenue (NBR) received disclosure of only small amounts of undisclosed income over the past four weeks despite extension of time.The board has been getting response from the holders of small amounts of undisclosed money....

Customs issues new order to stop import irregularities

2007-08-29 00:00:00

Jasim Uddin Haroon The Customs authorities through an order issued recently made stuffing of a container with goods imported under more than one letter of credit (LC) pretty expensive. The order was issued, according to sources, to help curb irregularities...

Bijoysarani extension road project approved

2007-08-29 00:00:00

FE ReportThe Executive Committee of the National Economic Council (ECNEC) approved Tuesday the construction of much-talked about Bijoysarani extension road linking the Tejgaon industrial area.It also endorsed seven other development projects, including installation of Haripur 360-megawatt (MW) power plant, at...

One-stop service at Agargaon Passport Office from today

2007-08-29 00:00:00

A one-stop service centre begins its operation at Agargaon Regional Passport Office in the city today (Wednesday). Passport endorsement, including changes in profession, name or date of birth, could be obtained from the service centre in a single day, official...

CSR Centre Trust formed

2007-08-29 00:00:00

The Corporate Social Responsibility (CSR) Centre Deed of Trust was formally signed at the Bangladesh Enterprise Institute (BEI) Tuesday with eight executors, including corporate and non-corporate members. The Trust has been formed to set up a CSR Centre in Bangladesh,...

BCIC allocates 214,014 tonnes of urea for farmers

2007-08-29 00:00:00

Bangladesh Chemical Industries Corporation (BCIC) has allocated 214,014 tonnes of urea fertiliser for distribution among the farmers in September. According to a press release, issued by BCIC general manager Abdur Rashid, allocation of the urea fertiliser has been made as...

Closed jute mills may be leased out to pvt sector

2007-08-29 00:00:00

S M JahangirThe government is considering leasing out its closed jute mills to the private sector to help resume their production under efficient private entrepreneurs. "A move to lease out the operations of the recently closed state-run jute mills to...

Draft act enhancing BB's role in good governance okayed

2007-08-29 00:00:00

FE Report The caretaker government has approved some amendments to the Bank Companies Act 1991, which will strengthen Bangladesh Bank’s (BB) monitoring and supervisions aiming to ensure good governances in the banking sector.The Council of Advisers of the caretaker government...

DSE stocks continue to rally for third consecutive day

2007-08-29 00:00:00

FE ReportThe total market capitalisation of Dhaka Stock Exchange (DSE) has crossed the $ 8.0 billion (800 crore) mark for the second consecutive day Tuesday amid the rally of share prices.The total market capitalisation of the DSE Tuesday rose to...

Tk 5.0b commitments for relief, rehab received so far

2007-08-29 00:00:00

The country has so far received commitments of Tk 5.0 billion (500 crore) from foreign countries for flood relief and rehabilitation, reports BSS.Of the total commitments, a substantial quantity of relief goods has already reached the country, said a Foreign...

Flood situation improving remarkably

2007-08-29 00:00:00

The death toll from flood-related incidents like drowning, waterborne diseases and snakebites rose to 728 with 19 fresh deaths reported in the last 24-hours until Tuesday morning, reports UNB. Meanwhile, the flood situation improved remarkably in the affected districts, as...

Manpower export to South Korea likely from Oct

2007-08-29 00:00:00

FE ReportThe country's manpower export to South Korea is likely to start in October this year, sources said."We have already given our opinion on the draft agreement on language proficiency test that South Korean government had sent to us for...

Exporters fear market loss, Adviser pins hope on govt-pvt coordination

2007-08-29 00:00:00

Finance and Commerce Adviser Mirza Azizul Islam Tuesday said the country's knitwear industry could withstand the upcoming threat of losing European market to China through coordinated efforts by the industry and the government, report UNB/ bdnews24.comThe adviser came up with...

British HC clarifies position on recent unrest in country

2007-08-29 00:00:00

A British High Commission spokesman Tuesday issued a statement clarifying the UK's position regarding the recent unrest in Bangladesh, reports UNB.The spokesman in a release said, "We're pleased that a situation has been reached in which the curfew could be...

DU surprised over press reports on Aug 20 incident

2007-08-29 00:00:00

DU CorrespondentThe Dhaka University (DU) authorities, in a press release Tuesday, expressed surprise over the reports published recently in different dailies incriminating the DU acting vice-chancellor, treasurer, provosts and syndicate members in the August-20 campus incident.The press release issued by...

Indian HC refutes media reports on student unrest

2007-08-29 00:00:00

The High Commission of India Tuesday categorically rejected some local media reports that its officials were involved in the recent student unrest in Bangladesh, reports UNB.In a press release Tuesday, the High Commission said they were greatly "disappointed" to see...

developments in the region and abroad

2007-08-29 00:00:00

Gul becomes Turkish presidentANKARA, AUG 28 (AP): Turkey's foreign minister, Abdullah Gul, was elected president Tuesday, the parliament speaker said, in a major triumph for the Islamic-rooted government after months of confrontation with the secular establishment.Gul received 339 votes in...

Commission starts probe into DU incident

2007-08-29 00:00:00

DU CorrespondentThe one-member probe commission with former justice Habibur Rahman Khan started investigation into the August-20-21 incident at Dhaka University Tuesday.The investigation will go on from 11 am to 5:00 pm everyday during the 15 working days of the commission...

Bangla-Pak foreign secy level talks today

2007-08-29 00:00:00

Trade, investment and establishment of a direct shipping link are likely to figure prominently in the Bangladesh-Pakistan Foreign Secretary level meeting in the city today (Wednesday), reports UNB.Pakistan Foreign Secretary Reaz Mohammad Khan will lead his country in the fourth...

India hopes restoration of democracy in Bangladesh

2007-08-29 00:00:00

India has expressed the hope that the people of Bangladesh, their representatives and leaders would be afforded every lawful opportunity to the full restoration of democracy through peaceful, free and fair elections.In remarks on recent developments in Bangladesh, a spokesperson...

Nat'l ID card distribution starts in Rajshahi

2007-08-29 00:00:00

RAJSHAHI, Aug 28 (BSS): National Identity Card (NIC) was distributed at a simple ceremony at the conference hall of Circuit House here Tuesday.Commander of 93 Armoured Brigade of Bangladesh Army AKM Mahfuzul Haque, who is coordinating the preparation of the...

Verdicts on S Siraj, family in three tax-doge cases today

2007-08-29 00:00:00

The verdicts of three separate cases of tax evasion against former minister Shahjahan Siraj, wife Rabeya Haider and son Rajib Siraj would be pronounced today (Wednesday), reports bdnews24.com. The verdicts in another four separate cases of tax dodge against Rajib...

Shayammobadi Dal concerned over Indo-USA nuke deal

2007-08-29 00:00:00

FE Report Bangladesh Shayammobadi Dal (BSD) has expressed deep concern over Indo-USA nuclear deal and said that the nuclear pact would not only have a negative impact on India, it would also affect the interest of Bangladesh. In a statement...

ACC presses charges against Orion Group chief

2007-08-29 00:00:00

The Anti-corruption Commi-ssion (ACC) Monday pressed charges against six people, including Orion Group Chairman Obaidul Karim, of embezzling Tk 68 million (6.8 crore) from Oriental Bank. The charges come approximately seven months after the government froze the troubled bank accounts,...

Flood-affected farmers start crop cultivation

2007-08-29 00:00:00

SHERPUR, Aug 28 (UNB): With the recession of floodwater, the farmers have already started crop cultivation to recoup the losses caused by heavy monsoon and onrush of hill waters.Though the government has allocated over Tk 8.84 million as agricultural assistance...

Aman cultivation hampered due to shortage of seedlings

2007-08-29 00:00:00

RANGPUR, Aug 28 (UNB): The Aman cultivation is being hampered seriously in the Rangpur region due to shortage of seedlings in the post-flood situation.Sources said target of Aman cultivation was unlikely to be achieved in the region this season as...

BDR seize smuggled cloths

2007-08-29 00:00:00

CHAPAINAWABGANJ, Aug 28 (UNB): The troops of Bangladesh Rifles (BDR) seized 50 bales of smuggled cloths worth about Tk 25 million from Kamlakondopur area under Shibganj Upazila Monday.Sources said acting on a tip-off 39 BDR battalion conducted a raid in...