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DBBL AMD visits branches in Rajshahi region

2007-07-02 00:00:00

FE ReportAdditional Managing Director (AMD) of Dutch-Bangla Bank Ltd (DBBL) AHM Nazmul Quadir recently visited the bank's branches in Rajshahi region. A discussion meeting in this connection was organised on DBBL's Bogra branch premises. Nazmul Quadir attended the meeting as...

IPO diary

2007-07-02 00:00:00

International Leasing and Financial Services LimitedNature of Business Lease Finance and Term Finance Subscription Opens July 02, 2007Subscription Closes July 08, 2007Subscription for NRB July 02, 2007 to July 17, 2007Offer Price (Tk.) 225.00 (including premium of Tk. 125)Face Value...

Floods, rain kill over 60 in southwest Pakistan

2007-07-02 00:00:00

QUETTA, (Pakistan), July 1 (AFP): Floods and heavy rain have killed more than 60 people and left some 200,000 homeless in the southwestern Pakistani province of Baluchistan, officials and police said Sunday Hundreds of villages were inundated in at least...

62 Taliban, 45 civilians killed in Afghanistan

2007-07-02 00:00:00

KANDAHAR, July 1 (AFP): An investigation into airstrikes that slammed into Afghan homes where Taliban fighters sought shelter found that 62 insurgents and 45 civilians were killed, two Afghan officials said Sunday An investigating team was sent to Helmand province's...

Venezuela's Chavez visits Iran on anti-American tour

2007-07-02 00:00:00

TEHRAN, July 1 (AFP): Venezuelan leader Hugo Chavez arrived in Tehran late Saturday for the third time during the presidency of Mahmoud Ahmadinejad, a fellow fiery critic of the US, Iranian television reported. Chavez, accompanied by his foreign, communication, energy,...

Police arrest two in connection with three failed car bombings

2007-07-02 00:00:00

LONDON, July 1 (AFP): The police have arrested two people in northwest England in connection with three failed car bombings in London and Glasgow, police said Sunday. The pair was arrested in Cheshire by anti-terrorism officers from the Metropolitan Police...

Beshir warns West over Darfur as he skips African summit

2007-07-02 00:00:00

ACCRA, July 1 (AFP): Sudanese President Omar al-Beshir Saturday warned the West not to botch the handling of the crisis in the troubled southern region of Darfur as it did in Iraq. Speaking to journalists via a satellite link from...

Australia plans to withdraw troops from Iraq

2007-07-02 00:00:00

SYDNEY, July 1 (Reuters): Australian Prime Minister John Howard is secretly planning to begin withdrawing Australian troops from Iraq by February 2008, Australian media reported on Sunday The Sunday Telegraph, quoting an unnamed senior military source, described Howard's withdrawal plan...

news digest

2007-07-02 00:00:00

Japan defence chief under fire over atom bomb remarks TOKYO, July 1: Japan's defence minister came under fire on Sunday over his remarks which implied that the atomic bombs dropped by the United States on Japan were the inevitable way...

Long-term borrowing to get priority

2007-07-02 00:00:00

Siddique Islam The government has changed its debt management strategy, preferring long-term borrowing instead of short-term one, aiming to facilitate its development works across the country, official sources said. Under the new strategy, the government will borrow for longer tenure...

Govt to relax ban on indoor politics soon

2007-07-02 00:00:00

Law and Information Adviser Mainul Hosein said Sunday the government is contemplating to allow indoor politics in a limited way, but did not spell out any timetable, report agencies.Talking to reporters at his office, he said the government would have...

No corrupt would be spared: Matin

2007-07-02 00:00:00

Communications Adviser MA Matin Sunday said none of the persons accused of corruption would be spared, reports BSS.Actions would be taken following investigation against the corrupt person whoever he or she is, he said while talking to reporters after presiding...

DCC announces Tk 14.02b budget for fiscal 2007-08

2007-07-02 00:00:00

FE Report The Dhaka City Corporation (DCC) announced Sunday a Tk 14.02 billion budget for fiscal 2007-08, down by around 7.0 per cent from that of the previous year. The DCC has not raised the holding tax in the new...

Politicians give lukewarm response to EC offer

2007-07-02 00:00:00

Dialogue between the Election Commission (EC) and political parties on the draft of electoral law reforms is not taking place now as the politicians appeared lukewarm about the EC-offered informal talk, reports UNB."We will listen if anyone (politician) wants to...

Tofail may present views on party reform today

2007-07-02 00:00:00

Awami League presidium members Tofail Ahmed and Suranjit Sengupta are likely to present their broader views on the party-reform proposals already spelt out by their colleague Abdur Razzak.Tofael is likely to give his own views on Razzak's reform recipe today...

BNP leaders echo Khaleda on council nod for reforms

2007-07-02 00:00:00

Some BNP leaders with close ties to party Secretary General Abdul Mannan Bhuiyan Sunday said they did not have any contradiction with Chairperson Khaleda Zia over the reform plan, reports bdnews24.com.After a meeting with Bhuiyan at his Gulshan residence, Joint...

Investment in Pakistan doubles

2007-07-02 00:00:00

Farhan Bokhari, FT Syndication ServiceISLAMABAD: Foreign direct investment into Pakistan has doubled to more than $7.0bn in the financial year ending last Saturday, said the privatisation and investment minister Friday.Zahid Hamid said the growth in FDI, which includes portfolio investment,...

Iranian ship sinking near Mongla Port with 17 crew members

2007-07-02 00:00:00

An Iranian flag-carrying container ship started sinking Sunday morning 60 nautical miles south-east of Hiron Point of Mongla sea-port, as cracks developed on its lower deck. Mongla Port Harbour Master Captain Shariful Hossain said, the MV Mir Danad began taking...

Air Commodore Bari promoted to Air Vice Marshal

2007-07-02 00:00:00

Air Commodore Muhammad Enamul Bari has been appointed the Assistant Chief of Air Staff (Operation and Training) with effect from Sunday, said an ISPR press release. On the same day he has been promoted to the rank of Air Vice...

NBR gets Tk 86.6m tax from 141 undisclosed money holders

2007-07-02 00:00:00

FE Report The National Board of Revenue (NBR) received income tax worth Tk 86.6 million from 141 undisclosed money holders across the country until Saturday, the last day of the fiscal 2006-07. The tax, including penalties, was received from the...

Chief prosecutor of ACC Mahbubur Rahman resigns

2007-07-02 00:00:00

Chief Prosecutor of the Anti-Corruption Commission (ACC) Advocate Mahbubur Rahman Sunday stepped down amidst media reports about his alleged corruption in the past, reports UNB.He tendered his resignation to ACC Chairman Hasan Mashhud Chowdhury citing 'health ground' after less than...

BB probing misuse of funds by UK-based co

2007-07-02 00:00:00

FE Report The Bangladesh Bank (BB) has started investigating an alleged misappropriation of funds by the First Solution Money Transfer Ltd., a London-based company, which had maintained contacts with some local banks for money transfer. "We have taken steps to...

Bank lending to agriculture, small businesses decreasing

2007-07-02 00:00:00

FE Report Bank lending to agriculture and rural small businesses have been decreasing significantly in recent years, a report said. "Rural small businesses and farmers are unable to play their due role in growth and employment generation due to limited...

BIRDEM doctors end strike, set deadline for meeting demands

2007-07-02 00:00:00

Doctors at Ibrahim Memorial Hospital (BIRDEM) Sunday returned to work after giving authorities a one-month deadline to regularise their jobs under the uniform service rules for all, reports bdnews24.com. The doctors demanded that the decisions taken at the recent national...

2 commissionerates of CCH start functioning

2007-07-02 00:00:00

FE ReportTwo commissionerates of the Chittagong Customs House (CCH) started functioning separately from Sunday with a view to making the overall customs clearing and forwarding procedures more effective and easier at the country's main export-import hub.Segregation of duties and responsibilities...

ACC starts serving notices to 17 graft suspects today

2007-07-02 00:00:00

The Anti-Corruption Commission will start serving notices to 17 corruption suspects, including former ministers Moudud Ahmed and Aminul Haque, today (Monday) directing them to submit their wealth statements within seven working days, reports UNB."The notices are ready…We'll start sending those...

Business Week enlists Yunus as one of 30 top entrepreneurs

2007-07-02 00:00:00

Nobel laureate Muhammad Yunus is enlisted as one of the 30 top business entrepreneurs "of all time" by the Business Week in its June 27 issue for his contribution in economy and market, reports UNB.Business Week wrote that Muhammad Yunus,...

Cigarette prices on increase

2007-07-02 00:00:00

Naim-Ul-KarimPrices of different brands of cigarettes have increased by Tk 7.0 to Tk 15 per pack of 20 in the city's retail market from the very first day of the fiscal year 2007-08.In the retail market, Gold Leaf, Benson and...

City shops may remain open until 8pm

2007-07-02 00:00:00

FE ReportThe caretaker government is most likely to extend the closing time for shops by one hour to 8:0 pm in response to the pleas from shop-owners.Energy and Power Adviser Tapan Chowdhury at a meeting with the shop owners Sunday...

Sericulture helps create rural employment

2007-07-02 00:00:00

RAJSHAHI, July 1 (BSS): There is a bright prospect that sericulture can create employment for the rural people and alleviate poverty through its expansion and development by utilising existing natural resources.As an agro-based and labour-intensive industry, sericulture can involve a...