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Cattle trader killed in BSF firing

2007-08-12 00:00:00

PANCHAGARH, Aug 11 (UNB): A Bangladeshi cattle trader was shot dead by Indian Border Security Force (BSF) on Tentulia border Friday morning.The dead was identified as Zia of Tentulia crossing.BDR and local sources said the BSF troops of Haftiaganj camp...

Customs draws work plan to realise huge stuck-up duty, boost revenue

2007-08-12 00:00:00

Doulot Akter MalaThe National Board of Revenue (NBR) has formed a three-member high-powered cell for speedy disposal of the law suits that blocked realisation of Tk 15.60 billion in customs duties. The members of the cell, constituted recently with senior...

Diarrhoea spreads in epidemic form

2007-08-12 00:00:00

Outbreak of diarrhoea, apparently in an epidemic form, attacked thousands of people across the country in the aftermath of the devastating floods that took a toll of at least 253 human lives by a latest official count, reports UNB.No accurate...

GED report suggests offering 10pc incentive

2007-08-12 00:00:00

Shakahwat Hossain A government report has suggested offering 10 per cent incentive in areas of utility services, tax rates and land registration fees for investment in the country's underdeveloped regions aiming at poverty alleviation.It has given priority to investment in...

Khaleda denied 'permission' for relief work

2007-08-12 00:00:00

BNP chairperson Khaleda Zia Saturday alleged that the government did not allow her to stand by flood victims despite her willingness, reports bdnews24.com. "I wanted to stand by flood victims as I did before. But the government did not allow...

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....