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Jamuna, Meghna to offload shares soon

2007-06-23 00:00:00

State-run Jamuna Oil Company and Meghna Petroleum are likely to offload their shares in the stock markets by September, an official said, reports bdnews24.comThe government recently appointed ICB Capital Management, a subsidiary of Investment Corporation of Bangladesh, as issue manager...

BDR to set up 200 retail outlets in city ahead of Ramadan

2007-06-23 00:00:00

FE ReportThe Bangladesh Rifles (BDR) has taken up a series of measures, including establishment of 200 retail sales outlets in and around the city to rein in the prices of essential commodities during the ensuing holy month of Ramadan and...

Cairn, BAPEX at loggerheads over right to gas pocket

2007-06-23 00:00:00

Doulot Akter MalaCairn Energy and Bangladesh Petroleum Exploration and Production Company Ltd (BAPEX) are at loggerheads over right to conduct exploration in a gas reserve pocket, an area claimed by both the companies.Sources said the disputed area covering Sundarpul and...

$150m WB fund sought for gas exploration

2007-06-23 00:00:00

FHM Humayan KabirThe Energy Division has sought US$ 150 million worth of fund from the World Bank to finance exploration of gas as the current reserve of the natural resource will go dry by 2011.The division has also appealed to...

Mumbai battles against blackouts

2007-06-23 00:00:00

Joe Leahy, FT Syndication ServiceMUMBAI: The frustration in M.R. Khambete's voice is palpable as he describes life for a small business trying to cope with worsening power shortages in Thane, a suburb of Mumbai.Random electricity outages mean that workers at...

Ex-BNP lawmaker Sarwar Jamal Nizam arrested

2007-06-23 00:00:00

CHITTAGONG, June 22 (UNB): Former BNP lawmaker Sarwar Jamal Nizam was arrested by joint forces from Chittagong Club gate in the city early today (Friday).Sources said the joint forces detained Nizam while he was getting out of the club at...

Amu for reforms to avert recurrence of Khilafat deal, April 30 fiasco

2007-06-23 00:00:00

Awami League (AL) needs reforms to pre-empt a recurrence of tying up with the communal Khilafat-e-Majlish and the April 30 fiasco, presidium member Amir Hossain Amu said Friday, reports bdnews24.com. "No one was consulted when Awami League struck an alliance...

Global trade talks in deep crisis following G4 meet collapse

2007-06-23 00:00:00

GENEVA, June 22 (Agencies): The World Trade Organisation (WTO) sought Friday to rekindle hopes of a global trade deal after talks between four major powers collapsed.The WTO's Doha round has received another blow with a crucial Group of Four (G4)...

Outgoing Vietnam envoy meets Khaleda

2007-06-23 00:00:00

Outgoing ambassador of Vietnam Ngo Vanhoa met BNP Chairperson Khaleda Zia at her cantonment home Friday afternoon. They exchanged views on various issues of bilateral interests, a BNP leader said. Vanhoa thanked the former prime minister for her cooperation while...

Jute trader shot dead in city

2007-06-23 00:00:00

A group of assailants shot a jute trader dead in the city's Kafrul area Friday noon. The deceased was identified as Abdul Mannan Dewan (45), a member of Eleven Cloth Club in Mirpur-13, an association of local traders. Police said...

CCC forms disaster management body

2007-06-23 00:00:00

CHITTAGONG, June 22: The Chittagong City Corporation (CCC) has formed a 79-member disaster management and rehabilitation coordination committee to take precautionary measures and carry out emergency relief and rehabilitation activities during natural calamities in the city areas. — BSS

Woman's body found abandoned in clinic

2007-06-23 00:00:00

The police recovered the body of a woman from a deserted medical clinic at Komitiganj Lane of Babubazar at 12.30 am Friday. They dismantled a door leading to the first floor of the clinic to recover the body after locals...

Draft of Consumer Protection Act awaits advisers' nod

2007-06-23 00:00:00

Jasim Uddin HaroonThe council of advisers is likely to approve the draft Consumer Protection Act-2006 shortly. The proposed act has been opposed by the non-government market research organisations and civil societies saying that it cannot protect the consumers' interests. The...

Dhaka to highlight potential benefits of labour migration in Brussels moot

2007-06-23 00:00:00

AZM AnasBangladesh will highlight the potential benefits of temporary labour migration, as policymakers and non-state actors from across the world gather next month in Brussels to shed light on the highly-debated issue.The Global Forum on Migration and Development, being sponsored...

Planning Commission, ERD, IMED to be e-connected

2007-06-23 00:00:00

FE ReportThe entire internal and external functioning of three important wings of the government will soon be electronically connected to each other for better monitoring and implementation of development projects.The government in collaboration with the United Nations Development Programme (UNDP)...

ESCAP, IOM team up to work on migration issues

2007-06-23 00:00:00

FE Report The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) and the International Organisation for Migration (IOM) signed Thursday a Memorandum of Understanding (MoU) to further strengthen the close collaboration between the two organisations. The...

Flood-like situation prevails in greater Rangpur

2007-06-23 00:00:00

RANGPUR, June 22 (BSS): A flood-like situation is prevailing in greater Rangpur as major rivers and their tributaries marked further rise due to heavy onrush of hilly waters flowing down from the upper catchments in India during the last 24...

FDI set to rise by 20pc for wealthiest nations

2007-06-23 00:00:00

Scheherazade DaneshkhuLONDON: Foreign direct investment into the world's 30 wealthiest nations is set to rise by 20 per cent this year, thanks to high corporate profits, low interest rates and solid economic growth, the Organisation for Economic Co-Operation and Development...

M&A activity hits record in first half of 2007

2007-06-23 00:00:00

LONDON, June 22 (AFP): Merger and acquisition(M&A) activity in the first six months of 2007 hit a record, boosted by the battle for Dutch group ABN Amro and rapid growth of the private equity sector, a study showed today. The...

Zoellick obtains board support to lead World Bank

2007-06-23 00:00:00

WASHINGTON, June 22 (Xinhua):Robert B. Zoellick, U.S. President Bush's nominee for president of the World Bank, has secured the support of the bank's board of directors after his recent meetings with bank representatives around the world, The New York Times...

developments in the region and abroad

2007-06-23 00:00:00

Pakistan allegedly expanding N-plan ISLAMABAD, June 22 (AP): Satellite images show that Pakistan is building a new nuclear reactor that can produce weapons-grade plutonium, an American watchdog group said, warning that it could contribute to an atomic arms race with...

China to build strong relations with Bangladesh as a key policy matter

2007-06-23 00:00:00

BEIJING, June 22 (UNB): The Chinese government is committed to building strong ties with Bangladesh, which is a key part of its policy of fostering friendship and partnership with the neighbours, said Vice Foreign Minister Wu Dawei."Our relations are moving...

250th anniversary of Palassey tragedy today

2007-06-23 00:00:00

The historic 'Palassey Day' will be observed in the country today (Saturday), marking the 250th anniversary of the most painful and stigmatic tragedy in the national life, reports BSS. On this day (June 23) in 1757, the glorious sun of...

Indian FS arrives Sunday on a 3-day visit to Bangladesh

2007-06-23 00:00:00

Indian Foreign Secretary (FS) Shivshankar Menon arrives in the city tomorrow (Sunday) on a three-day visit as Dhaka and New Delhi are expected to sign a memorandum of understanding (MoU) to remove non-tariff barriers in bilateral trades, officials said, reports...

Bangladeshi UNDP official gets Vietnam awards

2007-06-23 00:00:00

Vietnam has presented two prestigious awards to Subinay Nandy, who has served as the acting country director of the United Nations Development Programme (UNDP) in Hanoi, reports BSS.On the eve of his departure, Nandy was presented with the Vietnam Friendship...

World Bank supports efforts to improve secondary education

2007-06-23 00:00:00

The World Bank approved Friday a US$ 100 million credit from the International Development Association (IDA) to support the Government of Bangladesh's efforts to deepen and sustain reforms in the education sector.An agreement in this connection will be signed today...

Jamaluddin's family hails Nizam's arrest

2007-06-23 00:00:00

CHITTAGONG, June 22 (bdnews24.com): Relatives of slain BNP leader and businessman Jamaluddin Chowdhury welcomed the arrest of former BNP lawmaker Sarwar Jamal Nizam. They said Friday they now can expect justice. "All obstacles to a proper trial for the killing...

Summer Solstice Day celebrated in city

2007-06-23 00:00:00

It was dark and disproportionate: a small comet. Scientists were bursting at the seams to touch it. Their eyes glittered with wonder, fingers trembled. But they were taken aback by people's ignorance when they got to know that villagers had...

Nine persons killed in separate incidents

2007-06-23 00:00:00

Nine persons were killed and many others injured in separate incidents in different places of the country during the last two days, report agencies.In Magura, a motorcyclist was killed in a road accident on the Magura-Jhenaidah Road at Alamkhali in...

Seven people arrested for cutting hills in Sylhet

2007-06-23 00:00:00

SYLHET, June 22 (UNB): As part of the ongoing drive against hill cutting, local administration arrested seven people on charge of hill cutting in the city and Golapganj Upazila Wednesday.The deputy commissioner and local UNO arrested two people at Dattarail...