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Altaf, 3 others submit wealth statements

2007-07-26 00:00:00

The Anti-Corruption Commission (ACC) has extended by another seven working days the deadline for BNP Chairperson Khaleda Zia to submit her wealth statement, reports UNB.The ACC has re-fixed the deadline for the former prime minister on August 7 following an...

It's not possible to eliminate all corruption by CG: Matin

2007-07-26 00:00:00

Communications Adviser MA Matin Wednesday said it wouldn't be possible to eliminate all corruption by the incumbent caretaker government (CG), the next elected government would carry on the current drive, report agencies.Talking to reporters at his ministry, he said that...

Five rivers in spate, fresh areas threatened

2007-07-26 00:00:00

Five rivers burst their banks Wednesday, breaching danger marks at eight points, said Flood Forecasts and Warning Centre (FFWC) Wednesday, reports bdnews24.com. The Brahmaputra and the Ganges tributaries and distributaries might see further onrush of flow during the next 24...

Beijing to address EU product fears

2007-07-26 00:00:00

Mure Dickie, FT Syndicatuion ServicesBEIJING: China has promised to respond regularly and in detail to European complaints about potentially dangerous exported products after previously failing to live up to a commitment to do so, the EU's consumer safety chief has...

Arrest warrant issued against Basundhara chairman

2007-07-26 00:00:00

A warrant was issued for the arrest of Basundhara Group chairman Ahmed Akbar Sobhan and seven others in a tax evasion case filed Wednesday. Kabiruddin Mollah, Deputy Tax Commissioner (Circle-8), filed the case with the Metropolitan Sessions Court against them...

Govt bans cutting, razing of hills, hillocks

2007-07-26 00:00:00

The government has banned cutting and razing hills and hillocks owned by government, semi-government, autonomous institutions and individuals. The order was issued through a gazette notification on July 10 to protect environment and check environmental pollution. However, the notification said,...

Lighterage vessel sinks in Bay

2007-07-26 00:00:00

CHITTAGONG, July 25: A lighterage ship, carrying some 5,000 tonnes of cement and clinkers, sank in the Sandwip channel of the Bay during bad weather Wednesday morning. Port sources said the ship, 'MV Thiram', heading for Banglabazar in Dhaka capsized...

DSE main index tops 2400 points

2007-07-26 00:00:00

FE ReportThe general index of Dhaka Stock Exchange (DSE) crossed a new milestone at 2422.545 Wednesday in a bullish market.The Wednesday's rally was led by pharmaceuticals, banks and power companies.On Tuesday last, DSE General Index (DGEN) was 2378.830. The DGEN...

AB Bank makes hefty profit in six months

2007-07-26 00:00:00

Refayet Ullah MirdhaThe Arab Bangladesh (AB) Bank, whose credit rating has been improved due to overall excellence in banking business, made a hefty net profit worth Tk 766.851 million during January-June 2007 period.The AB Bank that also operates Islamic banking...

Licences to be issued to MFIs from next week

2007-07-26 00:00:00

FE Report The micro-credit regulatory authority (MRA) has decided to issue licences to the micro-finance institutions (MFIs) from next week to comply with the existing micro-credit regulatory act. The decision was taken at a meeting held at the central bank...

Govt shakes off inertia to establish ingredients park for pharma sector

2007-07-26 00:00:00

Doulot Akter MalaThe government is expediting its move to establish an Active Ingredients Park (API) by 2008 aiming to cash in on the waiver of patent laws offered by World Trade Organisation upto 2016.The government held a meeting Wednesday with...

Shareholders urge govt to appoint administrator for Delta Life Ins

2007-07-26 00:00:00

General shareholders of Delta Life Insurance Company urged the government Wednesday to help appoint an administrator to the company by moving court again to overturn a stay order, reports bdnews24.com. The High Court last month stayed the government's move to...

Tata may go to Vietnam if Dhaka says 'no'

2007-07-26 00:00:00

FE ReportIndian industrial conglomerate Tata is planning to divert its fund to Vietnam if the Bangladesh government responds in the negative to their US 3.0 billion investment proposal. "We are now focusing on Vietnam. We are hoping the government will...

Duty, quota-free access to mkt of rich nations needed: Aziz

2007-07-26 00:00:00

FE Report Finance Adviser Mirza AB Azizul Islam said Wednesday the country needs continuous support like duty and quota free access to the markets of the developed countries in order to sustain the development activities and help achieve the millennium...

Int’l bidding to appoint operator for Biman soon

2007-07-26 00:00:00

The government will soon launch international bidding for appointing a private operator to run the Biman Bangladesh Airlines, reports bdnews24.com quoting Adviser MA Matin Wednesday. "The operator will find ways and give advice to the civil aviation ministry to turn...

Saudi urges govt to bring back 267 Rohingyas

2007-07-26 00:00:00

The Saudi government has asked Bangladesh to bring back 267 Rohingyas who had been arrested for travelling to the kingdom allegedly on forged Bangladeshi passports, reports bdndews24.com quoting an official Wednesday. "The home ministry held a meeting on the issue...

Dhaka to join Southeast Asian amity treaty

2007-07-26 00:00:00

FE ReportBangladesh is set to join the Treaty of Amity and Cooperation (TAC) in Southeast Asia soon.The council of advisers approved Wednesday a proposal in this connection, an official handout said.Chaired by Chief Adviser Fakhruddin Ahmed, the meeting was held...

Dollar gains, call rate stable

2007-07-26 00:00:00

FE ReportThe US dollar gained ground against the Bangladesh taka (BDT) Wednesday in the inter-bank foreign exchange market due to higher demand for the greenback, fund managers said.The exchange rate of the dollar against the BDT ranged between Tk 68.64...

Myanmar minister due today to sign deal on road link

2007-07-26 00:00:00

Myanmar Minister for Construction Saw Tun arrives in the city today (Thursday) to sign an agreement on construction of a 25-km road directly connecting Dhaka with Yangon, reports UNB.The Bangladesh government will finance construction of the road-measuring 2km from Gundhom...

HC hearing today in ACC's bid to revive case against Hasina

2007-07-25 00:00:00

As part of the Anti-Corruption Commission's efforts to revive the corruption cases against detained former Prime Minister Sheikh Hasina, hearing on the Meghnaghat power plant case, stayed earlier, will be held today (Wednesday) in the High Court, reports UNB.If the...

12 sentenced in Ctg to death, 8 to life term for murder

2007-07-25 00:00:00

Twelve people were sentenced to death and eight to life term imprisonment by a court in Chittagong Tuesday in the sensational Jan-e-Alam murder case, reports UNB.The condemned convicts are Aiyub Ali, his son Zahirul Islam and brother Syed Ahmed, Kalimullah...

UNCTAD report on FDI

2007-07-25 00:00:00

THE least developed countries (LDCs) report 2007 of the United Nations Conference on Trade and Development (UNCTAD) has virtually dismissed the view that foreign direct investment (FDI) helps a recipient LDC in diverse positive ways including rapid industrialisation. The report,...

Policy on nation's strategic resources

2007-07-25 00:00:00

Syed Fattahul AlimThe crucial resources on which the economies of the world, whether big or small, developed or developing, depend are what mother nature still preserves in her bosom in the form of various kinds of mineral ores. Of all...

Fighting inflation in Bangladesh

2007-07-25 00:00:00

M. Shamsul Haque After the Bangladesh Bank announced a contractionery monetary policy, there have been some arguments against it from local national chambers and one research centre. Meanwhile, Sadiq Ahmad of the World Bank's South Asia Sector Directorate wrote an...

Vultures unlikely allies in anti-graft cause

2007-07-25 00:00:00

Alan BeattieTHE sometimes secretive activities of those who make a business of suing bankrupt governments of developing countries are rarely associated with campaigns for transparency and openness.Development campaigners such as Oxfam and the Jubilee Debt Campaign inveigh against so-called vulture...

Where were they when state resources were plundered?

2007-07-25 00:00:00

I would like to ask the DU teachers whether they have ever given a programme protesting widespread corruption and misuse of power of the two ladies. Today we hear about 'human right' but where was their human right considerations when...

BB's scheme for housing sector

2007-07-25 00:00:00

Home - sweet home, these words indicate the craze of the common people for a dwelling house. Albeit belated, the BB's decision in this regard is praiseworthy. But setting of parameters based on outdated facts/variables may jeopardise the whole ideology...

Misquoted?

2007-07-25 00:00:00

WHEN the governor of the country's central bank publicly says "boosting investment is no job of the central bank" you must doubt whether the market economy is still operating in the country. Fiscal and monetary policies are the basic instruments...

It's the economy, not the politics

2007-07-25 00:00:00

AFM MohiuddinTHE numerous newspaper editorials or the endless talk-shows (gibberish) might continue to dissect the political discourse of the country; the street folks only care about two square meals a day. To the millions of malnourished and the poverty-stricken people...

Open source software: Good bye to digital divide

2007-07-25 00:00:00

Md. Anwarul KabirBASED on the Marxist economic theory of surplus value incorporated with the Darwin's theory of evolution in social sphere, socialism, the pro-poor doctrine was introduced in the late 19th century. Later on, the early 20th century has witnessed...