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Three banks, GP major income taxpayers in FY '07

2007-08-07 00:00:00

Shakhawat Hossain Four companies, including three commercial banks and one cellular phone operator paid more than Tk 1.0 billion each as income tax marking a new era in the country's revenue collection."The amount of income tax paid by StanChart, HSBC,...

CA asks edn ministry to complete dev project formalities by Dec

2007-08-07 00:00:00

FE ReportIn a bid to avoid traditional time lag, Chief Adviser Fakhruddin Ahmed has asked the education ministry to wrap up all procedures for development projects by December, slated for completion in the current fiscal (2007-08). The directive came Monday...

India agrees to provide port facilities at Petrapole

2007-08-07 00:00:00

Doulot Akter MalaThe Indian government recently agreed, in principle, to provide port facilities at its Petrapole land customs (LC) station to facilitate smooth export and import activities with Bangladesh.The Central Board of Excise and Customs (CBEC) Department of Revenue in...

BGFCL receives lone bid from US firm

2007-08-07 00:00:00

M Azizur RahmanThe US-based gas field blowout prevention firm - Boots & Coots - being the lone bidder has proposed to plug gas seepage at Titas gas field in Brahmanbaria district at a cost of US$10.7 million.The cost offered by...

Challenges before government

2007-08-06 00:00:00

THE present caretaker government (CTG) has been over-tasked. Ever since its take-over in early January, a rising stream of public suggestions for amending all accumulated wrongs of the last 35 years expanded the list of its priorities. Now a major...

Is IMF stepping beyond dotted line?

2007-08-06 00:00:00

Shamsul Huq ZahidTHE International Monetary Fund (IMF), which is known for promoting the interest of the private sector across the globe, of late, has soured its relationship with the Bangladesh business community. The leaders of the main trade bodies in...

Singapore goes back to its roots for skilled staff

2007-08-06 00:00:00

John Burton GAUTAM Banjeree is the type of foreigner Singapore wants to attract. The Indian-born accountant left London after university in the early 1980s and moved to the city-state, where he became a citizen in 1990.Now the head of PwCAsia,...

Paradox plays a part in a modern fable of economics

2007-08-06 00:00:00

John Kay WHAT is the link between a visit to Russia by an eighteenth-century Swiss mathematician, collateralised debt obligations, and the philosopher's stone?The Swiss mathematician Daniel Bernoulli first propounded the St Petersburg Paradox. A version for today's markets envisages a...

Disruption in CDBL

2007-08-06 00:00:00

LET us all be partner, not competitor to overcome the problem of disruption in CDBL Central Depository Bangladesh Limited (CDBL) established with the equity participation of a group of organisations, mainly the financial institutions and being managed and operated by...

Guardianship and Custodian Act

2007-08-06 00:00:00

This letter is in reaction to the article on the subject, published in the FE yesterday. Arguing her case for amending the particular Act, its writer asserted, 'Over the years, there have been extensive changes in the Guardianship and Custodian...

The American military's lose-lose dilemma in Iraq

2007-08-06 00:00:00

Michael Schwartz President Bush has called upon Congress, the American public, the Iraqi people, and the world to suspend judgment -- until at least September -- on the success of his escalation of the war, euphemistically designated a "surge." But...

Obama would focus terror fight on Afghanistan

2007-08-06 00:00:00

Jim Lobe from WashingtonSen. Barack Obama, a leading candidate in the race for the Democratic presidential nomination, said Tuesday he would make Afghanistan the focus of U.S. anti-terror efforts and unilaterally strike terrorist targets across the border in Pakistan if...

African, SE Asian leaders meet to draw up plan to fight poverty, bolster economic ties

2007-08-06 00:00:00

KUALA LUMPUR, Aug 5 (AFP): Zimbabwean President Robert Mugabe and other African and Southeast Asian leaders are meeting in Malaysia this week to draw up a plan to fight poverty and bolster economic ties. Mugabe's presence at the gathering on...

Rural Japan puts thorn in side of farm reform

2007-08-06 00:00:00

TOKYO, Aug 5 (AFP): Fearing their government cares more about big business than small farmers, Japan's rural dwellers are deserting the ruling conservative camp, leaving its plan to open up the agriculture market in doubt. With the opposition now in...

Fed seen standing firm as mortgage pain worsens

2007-08-06 00:00:00

WASHINGTON, Aug 5 (AFP): The Federal Reserve is widely expected to keep US interest rates on hold at its meeting Tuesday despite increasing against about America's troubled housing and mortgage markets, economists say. Ten members of the Federal Open Market...

Social networking sites--recruiters' new hunting ground

2007-08-06 00:00:00

NEW DELHI, Aug 5 (PTI): Orkut, Linkin, Facebook and other similar popular social networking sites are fast doubling up as the modern day employment exchanges with job seekers as well as companies and recruiters head hunting for talent. The social...

Takaful Insurance earns Tk 22.6m more in 1st half

2007-08-06 00:00:00

FE ReportTakaful Islami Insurance Ltd earned Tk 22.6 million more in the first six months of 2007 in comparison to the corresponding period of 2006. The 30th meeting of the board of directors of Takaful Islami Insurance Ltd was held...

Unemployment in Norway at record low

2007-08-06 00:00:00

STOCKHOLM, Aug 5 (Xinhua): Registered unemployment in Norway was at a record low of 51,000 persons, or 2.1 per cent of the total work force in July, said reports reaching here from Oslo yesterday. This is in reality full employment,...

China in line for record foreign tourists

2007-08-06 00:00:00

BEIJING, Aug 5 (AFP): More than 12 million foreign tourists visited China in the first half of 2007 and the country is in line to set a new record if the trend continues, according to the national tourist body. The...

Kerala CM calls for submitting wage board proposals

2007-08-06 00:00:00

THIRUVANANTHAPURAM, Aug 5 (PTI): Kerala Chief Minister VS Achuthanandan yesterday asked the newspaper wage boards to submit proposals on wage revisions without delay. Speaking to the Wage Board Chairman Justice Narayana Kurup and other members who called on him here,...

Asian currencies mixed against dollar

2007-08-06 00:00:00

HONG KONG, Aug 5 (AFP) - Asian currencies ended the week mixed against the US dollar after global share prices rebounded and as dealers predicted a rise in Australian interest rates. JAPANESE YEN: The yen fell back after hitting a...

China to offer 50,000 tonnes of fuel to North Korea

2007-08-06 00:00:00

SEOUL, Aug 5 (AFP): China will offer 50,000 tons of heavy fuel oil to North Korea this month under the second phase of an aid-for- disarmament nuclear agreement on the communist state, a report said today. South Korea's Yonhap news...

US Congress nudges energy industry to go 'green'

2007-08-06 00:00:00

WASHINGTON, Aug 5 (AFP): The US House of Representatives has made an unprecedented step toward cutting greenhouse gas emissions as it passed an sweeping energy bill that requires utilities to produce 15 per cent of their electricity from wind and...

Egypt wants a bite of Indian call centre market

2007-08-06 00:00:00

CAIRO, Aug 5 (AFP): Egypt has set its sights on grabbing a share of the multi-billion dollar Indian-dominated call centre market and is looking to an unexpected corner for a helping hand-India. As it makes its pitch to the world,...

Rio Tinto eyes billion-dollar smelting plant in Malaysia

2007-08-06 00:00:00

KUALA LUMPUR, Aug 5 (AFP): Anglo-Australian mining giant Rio Tinto and a Malaysian firm are to undertake a joint study to build what could be one of the world's biggest aluminum smelters, a source said today. Under an agreement expected...

Prime Bank officials urged to mitigate stress thru' time management

2007-08-06 00:00:00

FE ReportSenior executives of Prime Bank Limited (PBL) have been urged to mitigate the stressful situations during their banking activities through time management. PBL Managing Director M Shahjahan Bhuiyan gave the directive while inaugurating a daylong workshop on "time management...

IBBL distributes relief goods among flood victims

2007-08-06 00:00:00

FE Report Islami Bank Bangladesh Limited (IBBL) and Islami Bank Foundation jointly distributed relief goods including foods and cloths at Sariakandi, Sonatola and Dhunat of Bogra district, Sirajganj, Fulsori of Gaibandha, Bera Upazila of Pabna, Belkuchi, Kamarkhand and Enayetpur among...

Scarcity of LPG makes Ctg consumers worst sufferers

2007-08-06 00:00:00

Our CorrespondentCHITTAGONG, Aug 5: The marketing companies of Bangladesh Petroleum Corporation (BPC) are not supplying adequate liquefied petroleum gas (LPG) to the Chittagong-based dealers for around a month in spite of its acute crisis in the region.On the other hand,...

BRAC launches Tk 200m flood relief operations

2007-08-06 00:00:00

FE ReportBRAC, one of the largest non-government organisations of the country, has started its massive relief operations in all the flood-affected regions of the country. BRAC staff are already engaged in distributing relief materials and extending succour at around 100...

Midas organises training course on Aug 19-23

2007-08-06 00:00:00

FE Report Midas has organised a training course titled 'Start Your Own Business' at its head office in the city on August 19-23 from 2:00-6:00 pm everyday. The course has been designed on a German model called Competency-based Economies through...