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SC ready to save nation from any crisis: CJ

2007-08-12 00:00:00

Chief Justice (CJ) Md Ruhul Amin Saturday said the Supreme Court (SC) would come forward to save the country from any crisis, reports bdnews24.com."The Supreme Court played a role in the past at the critical juncture of the nation. It...

Permanent price monitoring cell being planned

2007-08-12 00:00:00

The commerce ministry is planning to set up a permanent price-monitoring cell following the makeshift cell's complete failure to have a positive impact in the market, officials have said, reports bdnews24.com. The current cell has had hardly any impact on...

Cholera Unit opened at DMCH

2007-08-12 00:00:00

In the wake of cholera and diarrhoea outbreak in the flood affected low-lying areas of the capital Dhaka, a Cholera Unit has been opened at Dhaka Medical College Hospital (DMCH). Health Adviser ASM Matiur Rahman Saturday inaugurated the 10-bed Unit...

Indian apparels, fish fry worth Tk 3.30m seized

2007-08-12 00:00:00

JOYPURHAT, Aug 11: BDR and RAB members in their separate drives seized Indian apparels worth Tk 2.40 million (24 lakh) and Bangladeshi Pangash fry worth Tk 0.90 million (9 lakh) from Kalai and Panchbibi upazilas Saturday. — UNB

New owner to take over Meghnaghat, Haripur power plants next month

2007-08-12 00:00:00

A Z M AnasSaudi-Malaysian consortium, Pendekar Energy, which purchased CDC Globeleq, is poised to take over the country's two power plants-Meghnaghat and Haripur-by September, sources said. The source noted that representatives of Globeleq and Pendekar have started talks with the...

$100m WB budgetary support credit for power sector reforms

2007-08-12 00:00:00

FHM Humayan KabirThe World Bank has agreed in principle to provide Bangladesh US$100 million transitional budgetary support to minimise the deficit financing in the current fiscal and to continue the reform works in the country's power sector.Following a formal appeal...

Central bank convenes meeting with NBFI chiefs tomorrow

2007-08-12 00:00:00

FE Report The country's non-banking financial institutions (NBFIs) are gradually expanding their areas of operation and also changing their respective names in line with the services they intend to provide to the customers. At least three NBFIs have already altered...

Options to bail out Biman from liabilities under study

2007-08-12 00:00:00

S M JahangirThe authorities are considering various options to settle the liability of the national airlines outstanding with the Bangladesh Petroleum Corporation (BPC).Biman, which was converted into a public limited company (PLC), owes nearly Tk 17 billion to the state-run...

BB suspends order seeking accounts info of 198 persons

2007-08-12 00:00:00

FE Report The Bangladesh Bank (BB) has suspended its order seeking information of bank accounts and the financial statements of 198 individuals including high profile political leaders from the commercial banks. It gave no reason for suspension of the order."We...

Qatar Air starts non-stop daily flights to Washington DC

2007-08-12 00:00:00

WASHINGTON DC, July 27: Qatar Airways Chief Executive Officer (CEO) Akbar Al Baker yesterday briefed American media on expansion plans across the USA as the carrier celebrated its new flights to Washington DC, said a press release.The airline's maiden service...

Duty-free imported fabrics find their way into local market

2007-08-12 00:00:00

Jasim Uddin Haroon The government is being deprived of a large amount of revenue every year as fabrics imported duty-free by export-oriented garment companies find their way into the local market, according to customs intelligence sources. Such fabrics worth around...

developments in the region and abroad

2007-08-12 00:00:00

Two female Koreans to be freed: Taliban GHAZNI (Afghanistan) (AP): A Taliban spokesman said Saturday that two sick, female South Korean hostages would be released "soon" for the sake of good relations between the Taliban and South Korea. Neither the...

Army chief distributes relief among flood victims in Demra

2007-08-12 00:00:00

Chief of Army Staff General Moeen U Ahmed Saturday visited the flood-affected area in Demra on the eastern outskirts of the capital and distributed relief among the flood victims, reports UNB.The Army Chief inquired about condition of the flood victims...

Preconditions for accelerated growth

2007-08-11 00:00:00

The official projected growth rate for the economy in fiscal year (FY) 2007-08 is 7.0 per cent or near that figure. But real worries are surfacing whether this growth rate would be attainable. The flood now would come in handy...

Harvesting the crop of remittance gainfully

2007-08-11 00:00:00

Syed Fattahul AlimThe government often speaks highly of the non-resident Bangladeshis for their huge contribution to the economy. The contribution, as everyone is well aware of, comes in the form of the huge quantity of foreign exchange they send home...

Will the contractionary monetary policy deliver?

2007-08-11 00:00:00

Ahmed Showkat MasudTHE latest decision of the Bangladesh Bank to increase the required reserve ratio and maintain it up to December 2007 demands a more cautious handling of asset-liability management by the commercial banks. Such banks cannot control the market-based...

Extreme weather across the globe

2007-08-11 00:00:00

Mark Turner THE world this year has suffered record-breaking weather extremes in almost every continent, the United Nation's World Meteorological Organisation (WMO) has warned, with global land temperatures reaching their highest levels since records began in 1800.The floods, droughts, heatwaves...

Little benefit from submarine cable connection

2007-08-11 00:00:00

THE Internet service providers (ISPs) give out enticing advertisements that they provide fast-speed access to the Internet through the submarine cable connection. In reality, the clients of the ISPs find no difference really after the submarine cable connection. They say...

Weakening law and order ?

2007-08-11 00:00:00

FIVE murders were reported in Dhaka city in the recent times. One of them involved the slitting the throat of a female lawyer. Another involved the slaying of a college going girl. A number of sensational robberies also occurred in...

US troops must go, Iran tells Iraqi PM

2007-08-11 00:00:00

TEHRAN, Aug 10 (AFP): Iran's leaders Thursday told visiting Iraqi Prime Minister Nuri al-Maliki that US troops must leave his country, in talks that reinforced growing bilateral ties and sparked unease in Washington. Following a renewed warning from President George...

FDI: A dynamic growth engine for emerging economies

2007-08-11 00:00:00

Md. Salim Uddin FCA, FCMA, MBA THE major change in international business activity in the post-world war II era involved the shift away from an emphasis on trade as international business in favour of direct foreign investment, joint ventures and...

FDI: A dynamic growth engine for emerging economies

2007-08-11 00:00:00

Md. Salim Uddin FCA, FCMA, MBA THE major change in international business activity in the post-world war II era involved the shift away from an emphasis on trade as international business in favour of direct foreign investment, joint ventures and...

The general and the west: how Pakistan is being lost

2007-08-11 00:00:00

David Gardner FOR a good while now it has been hard to see what the point of General Pervez Musharraf is.When he took power in a bloodless coup eight years ago, many Pakistanis dared to hope for an end to...

Facing floods locally and globally

2007-08-11 00:00:00

Syed Fattahul AlimIn the latest cycle of recurrently visiting flood in Bangladesh some 10 million people belonging to 2 million households have been affected in 38 districts. So, far more than 210 people have died of waterborne diseases and other...

Good governance in Bangladesh and my cogitation

2007-08-11 00:00:00

Jubaida Raushan AraIn Bangladesh, all the internal and external actors of politics, administration and development are emphasizing the need for good governance. A dramatic change has come in public administration and the paradigm shift towards good governance and sustainable developments....

Economic outlook in 2007-8

2007-08-11 00:00:00

Enayet RasulThe Bangladesh economy grew above 6 per cent in the financial year 2006-7. This was a matchless record for the economy has been averaging growth of 5 per cent or a little above in the present decade . The...

Less salt, please

2007-08-11 00:00:00

Salt makes its way into the paddy of coastal Bangladesh every which way. During the dry season, when the flow of fresh water out to the mouth of the Ganges is weakest, saltwater rides inland on the tide and saline...

Oil search plans fuel tensions on Cyprus

2007-08-11 00:00:00

Tensions on the ethnically partitioned island of Cyprus could come to a head next week with Nicosia's plans to proceed with oil and gas exploration in the eastern Mediterranean. The internationally-recognized Greek Cypriot government plans to accept applications from interested...

Sermon makes quiet history

2007-08-11 00:00:00

V Radhika In a world that is still witnessing a great deal of Islam-bashing, the recent Id celebrations in a Toronto mosque made history quietly. A young woman, Maryam Mirza, 20, led part of the Id sermon; and another woman,...

Turkey begins fightback after 'mini crisis'

2007-08-11 00:00:00

Vincent Boland in TurkeyTurkey's army of local investors was given a taste of old times earlier this month, after the consumer finance division of Koc Holding, the country's largest conglomerate, offered for sale the first corporate bond issue in nearly...