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No plan yet to appoint dist council administrators

2007-08-01 00:00:00

LGRD Adviser Anwarul Iqbal Tuesday dismissed the media report that the government was planning to appoint administrators to district councils (Zilla Parisad). "The government has not considered any such plan," Iqbal told the reporters at his ministry. —UNB

BSF kill Bangladeshi, to hand over body

2007-08-01 00:00:00

JOYPURHAT, July 31: The Indian Border Security Force (BSF) agreed to hand over the body of a Bangladeshi cattle trader, who was shot dead by them at Panchbibi border Monday night. The body of the cattle trader Jamirul Islam Mondal...

EU to help develop ICT industry

2007-08-01 00:00:00

The European Union (EU) is supporting a joint programme to develop the information and communications technology (ICT) industry. The name of the project under the programme is "IT-upgrade: know-how transfer and training in the area of software development and production"....

Value of four-taka revenue stamp up

2007-08-01 00:00:00

The value of the four-taka denomination revenue stamp has been raised by Tk 1 with effect from July 1 last, said a handout Tuesday. —UNB

Essentials' prices rise by 16.09pc last fiscal: CAB

2007-08-01 00:00:00

Jasim Uddin HaroonThe average price of essential commodities across the country rose by 16.09 per cent in fiscal 2006-07, said the Consumer Association Bangladesh (CAB). The CAB said it analysed the prices of 16 essential commodities and compiled the data...

Tk 300 annual maintenance fee for BO accounts

2007-08-01 00:00:00

Refayet Ullah MirdhaThe Securities and Exchange Commission (SEC) in its regular meeting Tuesday approved the draft margin rules for the merchant banks and set a deadline for the depository participants (DPs) to realise Tk. 300 from each of the beneficiary...

2 more ICB mutual funds by year-end

2007-08-01 00:00:00

FE ReportTwo more mutual funds worth Tk 700 million of the Investment Corporation of Bangladesh (ICB) are likely to make their debut in the primary market by the end of this year.The mutual funds are ICB AMCL Second NRB Mutual...

US hopes election to be held by December 2008

2007-08-01 00:00:00

US Deputy Secretary of State John Negroponte Tuesday expressed the hope that the stalled elections in Bangladesh will be held by December 2008, reports UNB.Negroponte aired the optimism when Foreign Adviser Iftekhar Ahmed Chowdhury met him at the International Convention...

ACC replies to Hasina's letter, says it has nothing to do

2007-08-01 00:00:00

In response to former premier Sheikh Hasina's letter to the Anti Corruption Commission (ACC) chairman, the ACC Tuesday said, it has nothing to do regarding the matter, and she will have to submit her wealth statement by August 8, reports...

Draft coal policy to be on website for public scrutiny

2007-08-01 00:00:00

FE Report An advisory committee, charged with finalising coal regulations, has decided to post the latest version of the draft coal policy on the web site to ensure transparency.The eight-member committee, formed by the present interim administration, has also agreed,...

Tax Ombudsman disposes of 18 complaints

2007-08-01 00:00:00

Naim-Ul-KarimThe Tax Ombudsman, the revenue-judicial body, has so far disposed of 18 complaints in connection with the tax-related disputes and delinquencies."We received a total of 80 complaints since our start-up in December last," said a high official of the Tax...

SC verdict in Rangs Bhaban case tomorrow

2007-08-01 00:00:00

The Supreme Court Tuesday concluded hearing on a government appeal against the High Court verdict on the Rangs Bhaban and set Thursday (tomorrow) the day for delivering the judgement, reports bdnews24.com. Earlier, the High Court ruling had declared cancellation of...

Dollar, call rate stable

2007-08-01 00:00:00

FE ReportThe US dollar was stable with upward bias against the Bangladesh taka (BDT) Tuesday in the inter-bank foreign exchange market. The demand for the greenback remained steady. The market was active with trading in the international market, fund managers...

Sanjay Dutt jailed for six years

2007-08-01 00:00:00

NEW DELHI, July 3 (Internet) : Bollywood's most celebrated action hero, Sanjay Dutt, was jailed for six years today for illegally possessing weapons obtained through underworld gangsters connected with the 1993 terrorist bombings in Mumbai which killed 257 people.The sentence,...

Clarification

2007-08-01 00:00:00

The Bangladesh Freight Forwarders Association (BFFEA) Tuesday contradicted a part of a news item published in the FE on July 28 under the headline 'Freight Forwarders reject draft policy amendments'. The BAFFA (proposed) said the Freight Forwarding Agents Licencing Policy...

HC hears appeal for quashing MiG case Aug 1

2007-08-01 00:00:00

The High Court Wednesday deferred hearing on an appeal for cancelling the MiG-29 purchase corruption case against Sheikh Hasina by a week. The court will hear the case on August 7 upon the appeal by the former prime minister. A...

Ruling on appeal against Hasina bail Thursday

2007-08-01 00:00:00

The Supreme Court Wednesday closed hearing a government appeal against the High Court granting bail to Sheikh Hasina in an extortion case taken under the cover of emergency powers rules and set Thursday for a verdict. A six-strong full-court of...

Kaliakoir hi-tech park

2007-07-31 00:00:00

THE hi-tech park at Kaliakoir was one of the much trumpeted projects of the immediate past BNP-led alliance government. The technology minister of that government and a lot of plan documents did very often refer to it something like a...

Lessons from Iraq's civil war

2007-07-31 00:00:00

Qazi AzadPACIFISTS around the globe, irrespective of colour, creed and nationality, are terribly unhappy at the current state of world affairs. They find no prospect of an immediate end to the war of terror of the weak against the terrorising...

Paradox for Philippines as Chinese set up shop

2007-07-31 00:00:00

Roel Landingin from Manila SHE hardly speaks any English or Tagalog but that does not stop the white-haired grandmother from China's southern Fujian province from running her clothes store in Divisoria, Manila's bargain shopping centre. She has three Filipina assistants...

Electoral developments in Turkey belie propaganda

2007-07-31 00:00:00

M M Haque from JeddahTHE stunning victory of Justice and Development (AK) party in Turkey with 47 per cent votes defied the false fear created by the western media and the elite republicans, who enjoy the majority in the establishment...

Bangladesh - Myanmar road

2007-07-31 00:00:00

THE government deserves credit for the signing of an agreement with Myanmar to establish a direct road link between the two countries. The agreement, once implemented in a phased manner, will help link Cox's Bazar in Bangladesh with Taungbro in...

Development and policy on nation's strategic resources: A response

2007-07-31 00:00:00

Hasan MahmudONE of the editorial pieces of The Financial Express in its issue on July 25 addressed the issue of natural resources policy of Bangladesh. There has been a heated debate over it for several years. The debate has even...

Addressing 'whys' of corruption

2007-07-31 00:00:00

M I Ali THE seven points of the Chief of the Army Staff of Bangladesh identifies the low salary of the police as one of the issues that need to be rectified in order to stem corruption in the country....

Quick-steps to a Bollywood hit

2007-07-31 00:00:00

Joe LeahyTHE setting is typical Bollywood glamour -- a boardwalk over azure waters with beach huts in the background and a beautiful blue, if slightly pixellated, sky above.The Hindi music kicks in and the dancer, a Bollywood hero in a...

Citizen journalism website gets multi-million-dollar boost

2007-07-31 00:00:00

SAN FRANCISCO, July 30 (AFP): NowPublic announced today that the fast-growing citizen journalism website has scored 10.6 million dollars (US) in financing to fuel its drive to become the world's largest news agency. The Vancouver-based start-up says it is growing...

China blasts 'protectionism' bill of US

2007-07-31 00:00:00

BEIJING, July 30 (AFP): China's state-run press said Monday a new United States (US) currency bill smacked of protectionism as Treasury Secretary Henry Paulson, visiting the Asian giant for economic talks, called for a stronger yuan. The English-language China Daily...

Malaysia launches massive northern uplift plan

2007-07-31 00:00:00

ALOR STAR, Malaysia, July 30 (AFP): Prime Minister Abdullah Ahmad Badawi today launched a US$ 51-billion development masterplan to spur economic growth and reduce poverty in northern Peninsula Malaysia. The Northern Corridor Economic Region (Northern Corridor) is a government initiative...

Bank of China promotes expansion of edn loans for poor students

2007-07-31 00:00:00

BEIJING, July 30 (Xinhua): The People's Bank of China, the country's central bank, has urged all banks nationwide to expand education loans to college students from needy families, according to a notice on its website Sunday. All financial institutions should...

Nepali youths leave for foreign jobs

2007-07-31 00:00:00

KATHMANDU, July 30 (Xinhua): Some 561 Nepali youths leave the country daily for jobs abroad in the fiscal year 2006/2007, local newspaper The Himalayan Times reported yesterday. According to official data, some 561 Nepali youths leave daily and an equal...