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People now passing thru' difficult time, says Khaleda

2007-08-20 00:00:00

BNP Chairperson Khaleda Zia has said the country's people are now in distress due to flood, political repression and the price hike of essentials, reports UNB."People are passing through a very difficult time. Political repression, price hike and flood have...

Square Pharma pulls stocks down

2007-08-20 00:00:00

FE ReportThe Dhaka Stock Exchange (DSE) indices, particularly that of blue chips, declined Sunday as share prices of a major player of the bourse, Square Pharma, dropped heavily as it went ex-dividend. Losses in two heavyweights, Lafarge Surma Cement and...

Mujib murder case: Anisul Huq made state counsel

2007-08-20 00:00:00

The government has appointed advocate Anisul Huq as state counsel for conducting the Bangabandhu murder case, which is now in the phase of hearing on the leave-to-appeal petitions of the condemned convicts. When contacted over phone Sunday, Anis, confirmed his...

HSC results on Aug 23

2007-08-20 00:00:00

Results of the Higher Secondary School Certificate (HSC) examinations of 2007 under the seven education boards will be published on August 23. The examinees have been asked to collect results from their respective centres or institutions or from the website:www.educationboard.gov.bd....

4 killed in road mishap in Kishoreganj

2007-08-20 00:00:00

At least four people were killed when a passenger-crammed bus plunged into a roadside ditch at Shimulati in Tarail Upazila under Kishoreganj Sunday afternoon. Local sources said, the Dhaka-bound bus from Tarail tumbled down the ditch at about 2pm, as...

Prices start to fall in domestic market: Mirza Aziz

2007-08-20 00:00:00

FE ReportFinance adviser Mirza Azizul Islam said Sunday the government will take all possible steps to increase supply as part of its strategy to stabilise the commodity market. Islam, who is also in charge of commerce ministry, said the government...

Govt to give Tk 75b to BPC to raise its paid-up capital

2007-08-20 00:00:00

Shakhawat Hossain The government will provide Tk 75 billion to the Bangladesh Petroleum Corporation (BPC) to raise its paid-up capital before issuance of bond next month, official sources said.The Ministry of Finance (MoF) at a meeting Sunday took the decision...

Moeen focuses on massive post-flood cultivation

2007-08-20 00:00:00

SIRAJGANJ, Aug 19 (BSS): Chief of Army Staff General Moeen U Ahmed today focused on cultivation of vegetables and rice, saying intensive cropping should be started once the floodwaters recede from the affected areas."This is not for the first time...

New organogram for ACC approved

2007-08-20 00:00:00

The government Sunday approved a new organogram of 1,281 staffers for the Anti-Corruption Commission (ACC), an official said, reports bdnews24.com.The organogram was approved at a meeting of the National Implementation Committee for Administrative Reforms (NICAR) at the Chief Adviser's Office....

Thais endorse draft constitution, polls show

2007-08-20 00:00:00

BANGKOK, Aug19 (Internet): Thai voters endorsed a new constitution Sunday as the country eases its way toward the end of nearly a year of military rule and into the messy politics of a democratic election, exit polls showed.A survey by...

Export target for FY '08 proposed at $13.50 billion

2007-08-20 00:00:00

FE Report The Export Promotion Bureau (EPB) has submitted a proposal to the Ministry of Commerce (MoC) fixing the country's export target for the current fiscal at $13.50 billion, official sources said.The target is 10 per cent higher than that...

science briefing :

2007-08-20 00:00:00

Alan CaneHow all life could be a feat of clayThe latest theories on the origin of life on this planet suggest an unearthly route by which matter became alive almost 4.0bn years ago.The first, from a team led by V.N....

NBR preparing form for banks on savings tool declaration

2007-08-20 00:00:00

FE Report The National Board of Revenue (NBR) is preparing a uniform form for the banks to facilitate declaration by the depositors about their savings certificates. This was disclosed by NBR's Tax Policy Member Ali Ahmed at a meeting with...

developments in the region and abroad

2007-08-20 00:00:00

Storms lash Chinese coast, killing 15BEIJING, AUG 19 (AP) : At least 15 people were killed as Typhoon Sepat hit the Chinese mainland after more than 900,000 were evacuated as a precaution, state media reported Sunday.Xinhua News Agency said a...

Dollar soft, call rate steady

2007-08-20 00:00:00

FE ReportThe US dollar appeared soft against the Bangladesh taka (BDT) Sunday in the interbank foreign exchange market with stable demand for the greenback, fund managers said.The market was moderately active due to weekend in the international market.The exchange rate...

Govt to privatise international telephony

2007-08-20 00:00:00

The government will auction three international gateway (IGW) and two interconnection exchange (ICX) licences among private operators in October, a top official said Monday. But no foreign company or foreign joint venture will qualify to apply for IGW or ICX...

Why the world still dances to Wall Street's tune

2007-08-20 00:00:00

John Authers HERE is a paradox. The world's economy is steadily "decoupling" from the US. The extent of the effect can be overstated, but it is plain that a new engine of growth is rising, in China and India, and...

AIDS: A weapon of mankind destruction

2007-08-20 00:00:00

M. C. M. Lokman Hossain AIDS is a devastating worldwide pandemic, impacting not only those who are infected, but also their families, the society, the healthcare system and the national economy. Typically HIV/AIDS affects young and middle-aged adults -- 10%...

Indonesia cracks down on bureaucrats

2007-08-20 00:00:00

John Aglionby from JakartaINDONESIAN civil servants have a reputation for spending their working hours brokering personal deals, playing computer games and watching soap operas. But if Jakarta's Tanjung Priok port customs headquarters is anything to go by, a seed of...

Asian economies on 'demographic cliff'

2007-08-20 00:00:00

Andrew Taylor from LondonTHE rise in the size of Asia's labour force is expected to slow over the next decade threatening output growth in some of the region's fastest growing economies, according to the International Labour Organisation.Uneven rates of population...

China trade surplus nears record

2007-08-20 00:00:00

Richard McGregor from BeijingA much-predicted slowdown in Chinese exports failed to materialise in July with China recording another near-record trade surplus of $24.4bn, its second highest, in spite of a surge in monthly oil imports.Many commentators and some Chinese officials...

Galloping price of soya bean oil

2007-08-20 00:00:00

The price of soya bean oil, the basic cooking essential of all classes of people, has hit its highest ever recorded level between Tk 95 and Tk 100 per litre in loose form in the retail markets. More remarkable has...

Jute sector in national spotlight again

2007-08-20 00:00:00

Shamsul Huq ZahidJute has become almost a history. None except for jute growers and the management of a declining band of public and private jute mills cares much about it. Farmers who are still growing jute, in most cases, are...

Musharraf must grab this last chance of glory

2007-08-20 00:00:00

Jo JohnsonDIVIDE and rule is the oldest move in the general's play-book. President Pervez Musharraf is now close to co-opting Benazir Bhutto into a power-sharing arrangement that would artificially prolong his political life. This is a sad reflection on the...

Gates Foundation adds Iraq to its focus

2007-08-20 00:00:00

Victoria Kim from New York THE Bill and Melinda Gates Foundation is making its first foray into Iraq, funding a new initiative to relocate more than 150 scholars facing threat and persecution.In a departure from its focus on projects in...

The economic train

2007-08-20 00:00:00

If the free economy is a train, the business people, the manufactures and the traders, are its engine and wheels. To fight the soaring inflation, it is essential to take them into full confidence and secure their unhesitant, unreserved support....

Battle for more taxes

2007-08-20 00:00:00

The market economy seems to have some proximity to mines. Pumping out too much of its minerals fast exhausts the deposit and the life of a mine. Similarly, a harsh battle for realizing more taxes can exhaust a free market...

Teaching and higher education

2007-08-20 00:00:00

PUBLIC universities and institutions of higher learning in the country have reportedly been suffering generally from not having adequate number of teachers, on the one hand, and not getting dedicated teaching from the available teachers, on the other. The shortage...

Beijing eyes investing in private equity, hedge funds

2007-08-20 00:00:00

SHENZHEN, China, Aug 19 (Reuters): The steep paper losses that China has suffered on its $3 billion investment in Blackstone Group will not deter its embryonic sovereign wealth fund from making further investments in private equity and hedge funds, according...

Merkel calls for more transparency in global finance after recent turmoil in markets

2007-08-20 00:00:00

BERLIN, Aug 19 (Agencies): German Chancellor Angela Merkel reiterated her call for increased transparency in global finance following the recent turmoil in markets around the world, in an interview to be published today. "At the end of the day we...