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Declare money spent on flood relief as tax-free: FBCCI

2007-08-07 00:00:00

FE Report Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) President Mir Nasir Hossain urged the government Monday to declare the money spent on relief activities for the flood affected people as tax-free. Addressing a press conference at the...

24 'militant' youths held at ZIA prior to flying to Kabul

2007-08-07 00:00:00

A band of 24 young men were arrested at Zia International Airport (ZIA) as 'suspected militants' when they were about to fly for Afghanistan through India Monday, immigration sources said, reports UNB.The suspects, all in the 15-20 age group and...

Asia Energy wants to apply German open pit methodology in Phulbari coal mine project

2007-08-07 00:00:00

COLOGNE (Germany), Aug 6 (UNB): Asia Energy (Bangladesh) Corporation Ltd. wants to apply the same open pit methodology in its Phulbari coal mine project that was applied by Germany's RWE at a coal mine in Cologne.RWE is one of Germany's...

BB's separate pay plan sent back for further scrutiny

2007-08-07 00:00:00

The government returned a central bank proposal to establish a separate pay scale for its employees, saying it needed further scrutiny, said the finance adviser Monday, reports bdnews24.com. Finance Adviser AB Mirza Azizul Islam said, "We've asked for the proposal...

Dollar, call rate stable

2007-08-07 00:00:00

FE ReportThe moderate demand for the US dollar compelled the greenback to move in steady level against the Bangladesh taka (BDT) Monday in the inter-bank foreign exchange market, fund managers said.The exchange rate of the dollar against the BDT repeated...

NBR to transfer over 100 officials, employees soon

2007-08-07 00:00:00

Naim-Ul-KarimThe National Board of Revenue (NBR) will soon issue transfer orders to more than one hundred officials and employees to bring dynamism in its administration."We are going to issue transfer orders to some 120 officials and employees soon," a senior...

Hasina may be allowed to see her ailing husband today

2007-08-07 00:00:00

Detained Awami League (AL) president Sheikh Hasina may be allowed to see her ailing husband MA Wazed Miah at Square Hospital today (Tuesday).DIG(Prisons) Major Shamsul Haider Siddiqui told UNB they have received former Prime Minister Sheikh Hasina's application Saturday night...

Govt interventions sought to save lives of retrenched jute mill workers

2007-08-07 00:00:00

FE ReportThe National Coordination Committee for Development of Jute and Jute Economy has sought immediate government interventions to save the livelihood of retrenched workers of jute mills of the country.The committee at a meeting in the city Sunday also urged...

SC restarts Bangabandhu case

2007-08-07 00:00:00

The Supreme Court Tuesday revived Bangabandhu Sheikh Mujibur Rahman murder case proceedings, after a freeze of five years. The Appellate Division has started hearing a series of appeals for permission to move against the High Court's death sentences handed down...

Helping the flood-hit people

2007-08-07 00:00:00

THE flood water has started receding from northern, eastern and north-eastern districts leaving a trail of devastation there. It is now repeating the same act in the middle part of the country affecting the life of millions and destroying standing...

Inflation untamed: Only hard choices remain

2007-08-07 00:00:00

Zaidi SattarINFLATION, like the floods, has a habit of returning. On a point-to-point basis, June inflation has reached 9.0 per cent, with food inflation hitting double digits. Inflation hurts the poor more than the rich; food inflation hurts the poor...

Asian banks may escape US subprime crisis

2007-08-07 00:00:00

Raphael Minder from Hong Kong quoting Moody's latest reportASIAN banks should be able to weather the downturn in US credit markets because of their limited exposure to the subprime mortgage market, according to Moody's, the ratings agency.In a report, Moody's...

Innovations in capital market needed for more stable investment climate

2007-08-07 00:00:00

Ahmed Showkat MasudTHE investors in the capital market in our country do not make investment decision by reading and understanding the prospectus in most cases. Because they are not educated enough to make investment decision by analysing the information furnished...

CA's call

2007-08-07 00:00:00

THE Chief Adviser's call to the nation to face the flood unitedly, irrespective of political affiliations, is very timely. Nearly one hundred people drowned in floodwater and 37 have gone missing since the flooding began in mid-July. More than half...

VAT for private English medium schools

2007-08-07 00:00:00

EDUCATION is the basic right of all the citizens of any country. The government is responsible to provide this basic right for all the people of the country that it governs. But if there is limitation on the part of...

Clients' freedom of choice and emerging challenges in microfinance market

2007-08-07 00:00:00

S. M. RahmanQUESTIONS can be raised how far the microfinance clients are free in choosing quality financial services that will meet their needs. Product concepts largely spring from a top-down approach. Theoretically microfinance market is a segmented market (s) crisscrossed...

New diplomacy: Challenges for foreign policy

2007-08-07 00:00:00

David Miliband, MPBRITAIN should respond to the real insecurities and opportunities that exist in the world not by retreating from international engagement, but by using our strengths so that we are a force for good for Britain by being a...

Efforts underway to make Shanghai World Expo 2010 a historic milestone

2007-08-07 00:00:00

SHANGHAI, Aug 6 (CEIS): Efforts are under way to make the World Expo 2010 Shanghai China a historic milestone, with new records set in the number of participants and visitors, said a senior Shanghai official yesterday. "The organisers aim at...

China's economy may grow slightly slower in second half

2007-08-07 00:00:00

BEIJING, Aug 6 (Agencies): China's economy may expand slightly slower in the second half of 2007 than the first half, an official with the State Information Centre said. China's gross domestic product will likely grow by 11.3 per cent this...

Israel proposes FTA with India to boost economic ties

2007-08-07 00:00:00

JERUSALEM, Aug 6 (PTI): Israel has proposed a free trade agreement (FTA) with India to boost burgeoning economic and bilateral ties. Israel's Deputy Prime Minister and Minister for Trade and Industry Ellie Yishai conveyed this during a meeting with Indian...

Beijing to inject $40b into debt-laden Agricultural Bank

2007-08-07 00:00:00

SHANGHAI, Aug 6 (AFP): China is set to spend 40 billion dollars to bail out debt-laden Agricultural Bank of China (ABC), the weakest of the country's big four commercial banks, state press reported today. The funding will come from China's...

Japan, Australia resume free trade talks

2007-08-07 00:00:00

TOKYO, Aug 6 (AFP): Japan and Australia today resumed talks aimed at thrashing out a free-trade deal that would secure vital energy supplies for Asia's largest economy but also risk angering its farmers. The two countries already held a first...

Vietnam likely to axe tariffs on different goods

2007-08-07 00:00:00

HANOI, Aug 6 (Agencies): Vietnam's finance ministry has proposed the government lower import taxes on food, foodstuffs, animal feeds and construction materials on August 8 to curb rising commodity prices in the domestic market. According to the proposal, fresh pork,...

Japanese execs unfazed by likely interest rate rise

2007-08-07 00:00:00

TOKYO, Aug 6 (AFP): A majority of large Japanese firms believe that their business can easily withstand another interest rate rise, according to a survey released today. Fifty-six per cent of top executives at 136 major Japanese companies said "there...

Oil prices slip on profit-taking in Asian trade

2007-08-07 00:00:00

SINGAPORE, Aug 6 (AFP): Oil prices retreated in Asian trade today as investors took profits after the market's record run last week, dealers said. New Tork's main contract, light sweet crude for September delivery, was down 69 cents to 74.79...

China cautions gasoline retailers against hoarding, profiteering

2007-08-07 00:00:00

BEIJING, August 6 (CEIS): The Chinese government last Saturday cautioned gasoline retailers about hoarding and profiteering, while urging its major gasoline producers to do their best to increase supplies of gasoline and other finished oil products. Apparently in responses to...

Dollar slides on housing woes

2007-08-07 00:00:00

TOKYO, Aug 6 (AFP): The dollar dropped to a four-month low against the yen in Asian trade today as renewed weakness in global share prices prompted another bout of unwinding of risky positions, dealers said. They said weak economic data...

Rupali Insurance holds managers’ conference

2007-08-07 00:00:00

FE ReportThe half-yearly managers' conference-2007 of Rupali Insurance Company Limited was held at Bangladesh-China Friendship Conference Centre in the city recently.Management and Financial Consultant of the company M AzizuI Huq presided over the conference. Managing Director PK Roy and Deputy...

Aristopharma holds territory managers'conference

2007-08-07 00:00:00

FE ReportAristopharma Ltd, one of the leading pharmaceutical companies in the country, held its 'Half Yearly Territory Managers' Conference-2007' at Jamuna Resort Ltd in Tangail. Aristopharma Chairman-cum-Managing Director MA Hassan inaugurated the conference as the chief guest.Marketing-cum-Commercial Director Mahboob Hassan,...

China, US agree on initial framework on food safety cooperation

2007-08-07 00:00:00

BEIJING, August 6 (CEIS): China and the United States have agreed on an initial framework of the memorandum of food safety cooperation, China's top quality control agency said here. The framework covers the safety system on food imports and exports,...