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Correction

2007-11-21 00:00:00

An error occurred while converting the figure 3.5 crore into million in the news item titled 'Orascom donates Tk 350m for cyclone victims' carried on Page 9 in Tuesday's issue of The Financial Express. Actually, the figure will be 35...

President lauds role of Armed Forces in nation building works

2007-11-21 00:00:00

President Professor Dr Iajuddin Ahmed expressed the hope Tuesday that the members of the Armed Forces would be able to keep upholding the glory of the force through the highest excellence of patriotism, professionalism and intense exercise. In a message...

Disclosure of personal info by MP candidates: SC judgment on Dec 11

2007-11-21 00:00:00

The Supreme Court (SC) has fixed December 11 for a landmark judgment on an appeal seeking to overturn the High Court (HC) ruling that has made mandatory the disclosure of personal information by Member of Parliament (MP) candidates, reports UNB.Passing...

BNP men urged to join relief work

2007-11-21 00:00:00

Saifur-led BNP Acting Secretary General Major (retd) Hafizuddin Ahmed has urged the party leaders and activists to stand beside the cyclone-hit people and join the party's relief work."The BNP relief committee, formed to face the calamity, has begun its activities....

HC stays proceedings for six months

2007-11-21 00:00:00

The High Court (HC) stayed the proceedings of the liquor case against Sarwar Jamal Nizam, former lawmaker of the BNP, Tuesday for six months.A Division Bench comprising Justice Syed M Dastagir Husain and Justice M A Hafiz also issued rule...

Ex-AL lawmaker sent to jail

2007-11-21 00:00:00

Former Awami League (AL) lawmaker from Dhaka's Demra area Habibur Rahman Mollah was sent to jail after he surrendered to a city court Tuesday in a tax-dodging case, reports UNB. Mollah surrendered before the court of Dhaka Metropolitan Sessions Judge...

Stand beside cyclone-hit people: President

2007-11-21 00:00:00

President Professor Dr Iajuddin Ahmed Tuesday made a call for university authorities to stand beside the cyclone-affected people with dry foods, drinking water, medicines and warm clothes at this time of prime need, reports UNB.He made the appeal when 10...

'91 cyclone was more powerful than that of this year's

2007-11-21 00:00:00

The cyclone in 1991, which came roaring out of the Bay of Bengal, was more powerful than that of this year's. The '91 cyclone had hit the southern shores of the country at a peak speed of 225 kilometres per...

Danish assistance for cyclone victims

2007-11-21 00:00:00

FE ReportThe Danish Minister for Development Cooperation granted Saturday five million Danish Kroner for immediate humanitarian assistance. The Danish assistance is being provided through Red Crescent Society and other humanitarian organisations.Meanwhile the embassy of Denmark expressed its deepest sympathy for...

DU sells record no. of admission forms

2007-11-21 00:00:00

DU CorrespondentDhaka University (DU) has earned Tk 31 million this year by selling a record-number of application forms for first-year honours admission test under the academic year 2007-08.Bank sources said that some 1, 25,013 admission forms in four units have...

REHAB Fair: Challenge of wining buyers' confidence

2007-11-21 00:00:00

Munima Sultana The REHAB fair 2007, the annual event of real estate developers, began in the city on Tuesday with a high hope to overcome the sector's frustration over declining sales of apartments and plots.The sector observers say that sales...

Professional property management in Asia

2007-11-21 00:00:00

Wantanee KhamkongkaewMost of the Asian nations following economic reforms, witnessed rapid growth of real estate as well as professional property management services. A significant sector in many of the western countries, managing property is a new concept in Asia.Managing property...

Pay properly taxes staying transparent and within the law

2007-11-21 00:00:00

PROPERTY taxation is a complex subject that requires expert professional advice. First and foremost, any property activity has to adopt the fiscal and regulatory law of the land -- it is imperative and obligatory that an investor does this. Financial...

Booming Indian real estate needs transparency and reform

2007-11-21 00:00:00

INVESTORS are lining up for India's booming real estate. The past few weeks saw private investments in the sector amounting up to US$50 billion.Recently, Delhi building company, DLF signed a $20 billion deal with the world's largest privately held real-estate...

Conference on issues facing hotel investments in India

2007-11-21 00:00:00

A conference in Mumbai is dealing with complex issues surrounding investments in the country's otherwise booming hospitality sector. It will focus on investment strategies that work in the Indian context to optimise returns, countering various risks. The organisers had to...

Stand beside distressed survivors, CA urges all

2007-11-21 00:00:00

Chief Adviser (CA) Dr Fakhruddin Ahmed Tuesday said the nation is facing a catastrophe caused by the deadly cyclone SIDR and made a clarion call for all irrespective of party affiliation and opinion to stand beside the distressed people with...

Come forward in aid of victims: Moeen

2007-11-21 00:00:00

Army Chief General Moeen U Ahmed Tuesday called upon the countrymen to come forward in aid of the victims of cyclone 'Sidr' that slammed inland from the bay Thursday night and wrecked country's southern region, reports UNB from Bagerhat.Assuring all...

Gen Masud rules out talks with politicians

2007-11-21 00:00:00

Principal Staff Officer (PSO) of the Army Lt General Masud Uddin Chowdhury ruled out the necessity of sitting with politicians to discuss the matters relating to relief goods for the cyclone victims and said all should respond to the humanitarian...

What goes up must come down

2007-11-21 00:00:00

Shamsul Huq Zahid Nothing, seemingly, has been able to deter the upbeat investors from speculative buying of stocks for the last few months. Investors, who are at the moment gripped by herd-mentality, are shrugging off all the good advices from...

SEC directive triggers price correction in DSE

2007-11-21 00:00:00

FE ReportShare prices on the Dhaka Stock Exchange(DSE) went down sharply Tuesday as the capital market regulatory body has taken a move to cool down the overheated market.The downtrend in stock prices came following the Securities and Exchange Commission (SEC)'s...

Armed Forces Day today

2007-11-21 00:00:00

The Armed Forces Day will be observed today (Wednesday) with due solemnity and enthusiasm to mark the counter-offensive against the Pakistani occupation army during the Bangladesh Liberation War in 1971, reports UNB.On this day in 1971, Bangladesh Armed Forces, comprising...

Bangladesh warned of food price concerns

2007-11-21 00:00:00

Amy Yee, FT Syndication ServiceNEW DELHI: As relief teams in Bangladesh rush to help millions of people affected by last week's fierce cyclone, officials and aid agencies have warned that extensive crop damage and food price inflation threaten to deepen...

Developers to rebuild village in Barguna

2007-11-21 00:00:00

FE ReportThe real estate developers Tuesday announced at the inaugural ceremony of the Seventh REHAB Fair-2007 to rebuild a village in Barguna district, which has been worst affected by the cyclone, as a part of its social welfare activities.A five-day...

Revenue losses due to cyclone won't be too big: GP CEO

2007-11-21 00:00:00

FE ReportAs mobile telephony titan, GrameenPhone (GP), races ahead with robust revenues, driven by a strong subscriber base, its top executive has insisted that the savage storm that lashed the country's southwest coastal belt last week will not drag down...

Saarc body to discuss trade issues in Dhaka next week

2007-11-21 00:00:00

FE ReportThe South Asian Association for Regional Co-operation (SAARC) committee on economic cooper ation (CEC) will hold its next meeting in Dhaka with a view to enhancing trade cooperation among the member states.Bangladesh will host the 13th meeting from 24-25...

Nine ferries yet to be pressed into post-SIDR service

2007-11-21 00:00:00

Nine out of the 18 ferries washed up on the shores in Barisal and Khulna divisions by Thursday night's severe cyclone could not yet be salvaged as the storms left a trail of destruction in the communication sector too. Of...

Record 493,000 go abroad with jobs so far

2007-11-21 00:00:00

The number of Bangladeshi workers going abroad for employment crossed an all-time high at 493,000 until November 18 last, as newer manpower-export markets are opening up. —UNB

Dhanmondi power sub-station goes out of order

2007-11-21 00:00:00

FE ReportSeveral parts of Dhaka city witnessed frequent disruptions to power supply Tuesday due to shutdown of a major sub-station as the authorities were struggling to repair the damage in the system caused by Thursday's cyclone.Sources said business activities as...

Mirza Aziz opens OMNIBUS

2007-11-21 00:00:00

FE Report Finance Adviser AB Mirza Md Azizul Islam Tuesday inaugurated OMNIBUS association that will allow the customers of 13-member banks to have an access to all ATM/POS machines under the same network.BRAC Bank Ltd and IT Consultants Ltd have...

Voter listing starts in city

2007-11-21 00:00:00

An onerous task of preparing voter list for Dhaka City Corporation (DCC) areas kicked off Tuesday with much enthusiasm, as the countrywide exercise in preparation for the next election started coming into culmination, reports UNB.The Election Commission (EC) is considering...