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Two new systems to ease hassles of taxpayers approved

2007-07-06 00:00:00

The Finance Ministry has approved two new systems to ease hassles of the taxpayers, National Board of Revenue (NBR) Chairman Badiur Rahman said Thursday, report agencies. The ministry unveiled a so-called universal self-assessment system for the taxpayers to evaluate the...

WASA to undergo major overhauling soon

2007-07-06 00:00:00

FHM Humayan Kabir The government is going to take up a major overhauling and development programme for the Dhaka Water and Sewerage Authority (WASA).Under the programme, the WASA will be restructured to bring changes in its organogram, management and bill...

Please spare his life, SQ Chy's family urges President

2007-07-06 00:00:00

BNP leader Salauddin Quader Chowdhury's sons and daughter Thursday sought help from President Iajuddin Ahmed to send their father abroad for better treatment, reports bdnews24.com. Chowdhury, parliamentary affairs adviser to former prime minister Khaleda Zia, has long been suffering from...

Govt in dilemma over continuation of existing austerity measures

2007-07-06 00:00:00

FE Report The caretaker government is in a dilemma over continuation of the existing austerity measures as most of the ministries and divisions are opposing the formula of lessening unnecessary budgetary expenses, official sources said.It is likely to take a...

Money transfer scam, appreciating BDT unlikely to hit remittance flow

2007-07-06 00:00:00

The recent remittance scam by a UK-based money transferer firm and the recent appreciation of local currency BDT (Bangladesh Taka) against foreign exchange is unlikely to affect remittance inflow that rose close to $6.0 billion mark last fiscal ending on...

DSE indices gain marginally

2007-07-06 00:00:00

FE ReportIndices on the Dhaka Stock Exchange (DSE) gained Thursday marginally as both turnover and market capitalisation rose.DSE General Index (DGEN), All Shares Price Index (DSI) and DSE-20 Index (DS20) gained by 10.730 points, 7.275 points and 0.772 points to...

Constitutional binding limits govt activities: Mainul

2007-07-06 00:00:00

Law adviser Mainul Hosein said that the constitutional guideline on expanding the size of government has made it difficult to conduct overall activities, reports bdnews24.com. "However, because of the sincere efforts of the members of the council of advisers, all...

Govt actions reminder of Pakistani forces in '71

2007-07-06 00:00:00

Awami League (AL) President Sheikh Hasina, who was barred from leaving the country to see her expectant daughter in the USA, has said the actions reminded her of "the gesture of the Pakistani occupation forces in 1971," reports UNB.In a...

IMF for extensive reform of local tax system

2007-07-06 00:00:00

FE Report Bangladesh needs to undertake comprehensive and far-reaching reforms of the domestic tax system to broaden the tax base and enhance revenue productivity. "The tax ratio in Bangladesh appears stuck at one of the lowest levels among developing countries...

Confusion marks formation of nat'l security council

2007-07-06 00:00:00

The government policymakers and their spokesmen are making contradictory statements about formation of a national security council (NSC), creating scope for confusion in the public mind, reports bdnews24.com. The Law Adviser, press secretary of the Chief Adviser and a senior...

Sri Lanka bludgeon Bangladesh again

2007-07-06 00:00:00

A slew of wickets after tea undid all the hard work put in by Bangladesh earlier in the day as Sri Lanka won by an innings and 90 runs at the P Saravanamuttu Stadium to seal the series 2-0 with...

Indian team arrives in London

2007-07-06 00:00:00

The Indian team arrived in London on Wednesday after a successful tour of Ireland, where they won the Future Cup defeating South Africa 2-1 in a three-match ODI series. They also won their one-off match against Ireland, while their Friendship...

Chanderpaul ton draws West Indies level

2007-07-06 00:00:00

Inspired by another outstanding century from Shivnarine Chanderpaul, West Indies levelled the three-match one-day series with a 61-run win at Edgbaston. Chanderpaul's unbeaten 116, and a third-wicket stand of 175, formed the backbone of an impressive total as West Indies'...

Faridpur clinch 27th national hockey title

2007-07-06 00:00:00

Faridpur DSA clinched the 27th National Hockey Championship title with a 2-1 win over Dhaka DSA in the final at the Moulana Bhasani National Hockey Stadium Thursday, reports bdnews24.com.Yousuf Ali Biswas put Faridpur ahead in the seventh minute with a...

Venus defeats Sharapova at Wimbledon

2007-07-06 00:00:00

WIMBLEDON (England), Jul 5 (AP): Maria Sharapova was gracious and upbeat in defeat, perhaps because she has had a fair amount of experience this year with such drubbings. Still seeking her first title in 2007, Sharapova lost Wednesday in the...

Brazil, Chile end quarter-final lineup

2007-07-06 00:00:00

PUERTO LA CRUZ (Venezuela), Jul 5 (Reuters): Defending champions Brazil beat Ecuador 1-0 to complete the quarter-final line-up at the Copa America Wednesday after Chile had also advanced to the last eight by holding Mexico to a goalless draw.The results...

Federer swaps living room for centre court

2007-07-06 00:00:00

LONDON, Jul 5 (Reuters): Champion Roger Federer will have to dust the cobwebs off his racket on Thursday before returning for the first match of his Wimbledon defense in six days.While rivals were held up by rain, the top seed...

Asian millionaires chase premiership dreams

2007-07-06 00:00:00

HONG KONG, Jul 5 (AFP): Wealthy Asian businessmen are competing to buy top-flight English football clubs, attracted by the irresistible combination of profit and sporting glory.Thaksin Shinawatra, a billionaire football fanatic who was Thai prime minister until ousted by the...

Nat'l Press Club, N'ganj Sonali Otit to play friendship football

2007-07-06 00:00:00

National Press Club and Narayanganj Sonali Otit will play a friendship football match.The match will be held at Alauddin Khan Stadium in Narayanganj on Friday afternoon.Club members have been requested to be present on the occasion, says a press release.

APEC trade ministers meet to discuss reviving Doha

2007-07-06 00:00:00

CAIRNS, Australia, July 5 (AFP): Trade ministers from 21 APEC nations began gathering in Australia today for talks they hope could provide a spark to reignite stalled efforts to liberalise world trade. The Asia-Pacific Economic Cooperation (APEC) forum talks in...

EU seeks out Brazil as a new trading partner

2007-07-06 00:00:00

LISBON, July 5 (Reuters): The European Union invited Brazil yesterday to join a small group of strategic partners in what the Brazilian president, Luiz Inácio Lula da Silva, said would revive a historic relationship. South American powerhouse Brazil would join...

Islamic banking, finance set to continue growth in Asia

2007-07-06 00:00:00

SINGAPORE, July 5 (AFP): Islamic banking and finance is likely to continue growing in the Asia Pacific region but the real test of its sustainability will be how the system reacts to a major financial crisis, a report said today....

More Indians see Chinese economic growth as 'bad'

2007-07-06 00:00:00

SILICON VALLEY, July 5 (PTI): Even as India and China aspire to become Asian economic superpowers, a new survey has found that an increasing number of Indians don't think very well of the neighbouring communist giant. According to the survey...

China, EU call for more exchanges in financial sector

2007-07-06 00:00:00

BRUSSELS, July 5 (CEIS): China and the European Union (EU) yesterday held the third China-EU financial dialogue here, aiming at beefing up exchanges in financial policies. At the one-day meeting, the two sides discussed various topics of mutual concern, such...

Indonesia lowers foreign ownership for cellular operators

2007-07-06 00:00:00

JAKARTA, July 5 (AFP): Indonesia has lowered a limit on foreign ownership of cellular operators from 95 per cent to 65 per cent, as part of new restrictions aimed at protecting national security, an official said Thursday. "The move follows...

Mismanagement hampers gantry crane utilisation at Chittagong Port

2007-07-05 00:00:00

Jasim Uddin Haroon The utilisation of gantry cranes at Chittagong Port has substantially declined due to delay in despatching export-load containers from private inland container depots to the port. According to an estimate, in May, the four gantry cranes operated...

BB board sends back housing refinancing scheme for improvement

2007-07-05 00:00:00

FE Report The board of directors of the Bangladesh Bank (BB) reviewed Wednesday the refinancing scheme for housing sector and sent back the same to the authorities concerned for further improvement. The board meeting chaired by the BB Governor Salehuddin...

DSE indices close mixed

2007-07-05 00:00:00

FE ReportShare prices on the Dhaka Stock Exchange (DSE) closed mixed Wednesday amid a declining trend in the total turnover.All Shares Price Index (DSI) and DSE General Index (DGEN) gained by 2.281 points and 1.672 points to close at 1798.868...

Dollar weakens, call rate unchanged

2007-07-05 00:00:00

FE ReportThe US dollar weakened against the Bangladesh taka (BDT) Wednesday in the inter-bank foreign exchange market although the demand for the greenback was stable, fund managers said.The exchange rate of the dollar against the BDT varied between Tk 68.70...

London HC asked to closely watch money changer cos

2007-07-05 00:00:00

FE ReportThe Bangladesh Bank (BB) has asked Bangladesh High Commission in London to closely watch the operations of the companies that are engaged in transferring foreign currency to Bangladesh for avoiding any financial scam like the London-based First Solution Money...