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Hasina arrested under compulsion of law: Mainul

2007-07-17 00:00:00

FE ReportLaw and Justice adviser Barrister Mainul Hosein said Monday the arrest of Awami League chief and former prime minister Sheikh Hasina was required under the country's existing law to facilitate submission of chargesheet against her in a specific extortion...

US, UK, Germany urge govt to follow due legal process

2007-07-17 00:00:00

The United States, the United Kingdom and Germany Monday urged the interim caretaker government to ensure the due process of law and international standards in dealing with former Prime Minister Sheikh Hasina, arrested earlier in the day, reports UNB."We are...

Normal procedures to be followed : ACC secy

2007-07-17 00:00:00

Anti-Corruption Commission (ACC) secretary Mokhles ur Rahman Monday said normal procedures would be followed in investigating the corruption allegations brought against former Prime Minister and Awami League (AL) President Sheikh Hasina as being done in the cases of others, reports...

My mother's arrest is plot to exclude her from politics: Joy

2007-07-17 00:00:00

Sheikh Hasina's son Sajeev Wazed Joy, who lives in the USA, Monday said the arrest of his mother is nothing but a conspiracy to exclude her from politics, reports UNB.Giving his reaction to a private TV channel on phone, he...

Bus set afire near GPO crossing in city

2007-07-17 00:00:00

A CNG-run bus was set afire near the GPO crossing in the capital Monday night, reports UNB.Witnesses said the bus of Madhubati Paribahan, which came from Gulistan direction, was set on fire near the GPO crossing at about 8:25 pm....

AL presidium members, central leaders meet today

2007-07-17 00:00:00

In the wake of the arrest of party chief Sheikh Hasina, Awami League (AL) presidium members and central leaders will meet today (Tuesday) at 11.00 am at the Gulshan residence of acting president Zillur Rahman, reports UNB.Party sources said the...

FBCCI calls for govt rethink on monetary policy

2007-07-17 00:00:00

FE Report The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) appealed the government Monday to reconsider the recently announced contractionary monetary policy for the sake of country's economy."Reconsideration of the monetary policy is imperative to help the domestic...

Niko wants to be involved in Feni gas field again

2007-07-17 00:00:00

M Azizur Rahman The Niko Resources is pursuing hard for getting the approval of the government for development of new gas fields. The dispute with the company over compensations of two consecutive gas field blowouts at Tengratila of Chhatak in...

UN warns it cannot afford to feed the world

2007-07-17 00:00:00

Javier Blas and Jenny Wiggins , FT Syndication ServiceLONDON: Rising prices for food have led the United Nations programme fighting famine in Africa and other regions to warn that it can no longer afford to feed the 90m people it...

Fertiliser mixture producers not getting raw materials from govt

2007-07-17 00:00:00

FE Report Local producers of fertiliser mixtures are not getting any ingredients usually supplied by the government at subsidised rates. The producers said that delay in getting the raw materials including urea and triple super phosphate (TSP) will result in...

Criteria for central bank's governor, deputy governor to be same

2007-07-17 00:00:00

FE Report The government has decided to maintain the same criteria for appointment of the deputy governors to the central bank as the ones applicable for appointment of governor, official sources said. According to the decision, deputy governor(s) will be...

Dollar, call rate steady

2007-07-17 00:00:00

FE ReportThe US dollar was steady clinging to single rate against the Bangladesh taka (BDT) Monday in the inter-bank foreign exchange market with moderate demand for the greenback, fund managers said.The exchange rate of the dollar against the BDT stood...

3 cocktails explode on DU campus, no injury reported

2007-07-17 00:00:00

Dhaka, July 17 (UNB) - Three cocktails were exploded near the Administrative Building of Dhaka University today (Tuesday), but there was no report of any injury. Campus sources said the homemade cocktails were exploded on the southern side the building...

RMG sector losses from fire incidents

2007-07-16 00:00:00

THE fire that broke out in a South Korean-owned garment factory at Dhaka last Saturday night, caused extensive damage to its stocks and machinery. The concerned owner has estimated the loss at some Taka 1.0 billion. Fortunately, none died in...

One Manoranjon and loan default culture

2007-07-16 00:00:00

Shamsul Huq ZahidOCTOGENARIAN Monoranjon Roy, a poor farmer of village Golna under Jaldhaka thana in Nilphamari district should consider himself lucky that a Bengali national daily front paged his arrest for non-payment of a paltry amount of agricultural loan and...

Economics of migrant remittances: What shapes and what shakes

2007-07-16 00:00:00

Jamaluddin Ahmed MIGRATION and settlement are considered long drawn out process. Over time, three major sets of theories have emerged to try to explain migration and resettlement. The neo-classical equilibrium perspective- emphasises tendencies of people to move from densely to...

Strauss-Kahn still likely to win IMF role

2007-07-16 00:00:00

Krishna Guha in Washington, Christopher Adams in London and Pan Yuk in ParisTHERE would be no swift coronation of Dominique Strauss-Kahn as the next managing director of the International Monetary Fund, experts said late last week, following the conclusion of...

University teachers

2007-07-16 00:00:00

OUT of the total number of teachers of the Dhaka University, a good many of them, according to reports in the media, were either staying abroad without authorisation or found to be too dedicated to their assignments at private universities...

Accreditation council for private universities

2007-07-16 00:00:00

A full fledged official accreditation mechanism for the private universities has become too pressing a necessity in the backdrop of the recent report of a committee of the University Grants Commission (UGC) on the state of these universities. The UGC...

Duty on standby power generators

2007-07-16 00:00:00

IT is the irony of our fate that the present government did not realise that the import of electric genset has been increasing and relieving government of the problems of the present power crisis to some extent and helping to...

Election Commission reforms for independence, accountability and democracy

2007-07-16 00:00:00

Masihur RahmanTHE Election Commission has taken initiative for an ordinance to streamline appointment of the Commissioners, define the independence of the Commission, and regulate the political parties in certain matters. It is no easy task, for the most critical elements...

An appraisal of political reform agenda in Bangladesh

2007-07-16 00:00:00

Hasan MahmudOver the last few months, Bangladesh has been passing through a mounting political havoc. Keeping our eyes on media reportages, we find that the reasons for this turbulence are multiple, ranging from economic and ideological to politico-cultural deficiencies of...

China's roaring economy set to overtake Germany

2007-07-16 00:00:00

SHANGHAI, July 15 (AFP): China's economy grew so rapidly in the first half of 2007 that it is likely to overtake Germany as the world's third-largest by the end of this year, analysts say. The release Wednesday of January to...

Indonesia's new investment stance: A confusing step forward?

2007-07-16 00:00:00

JAKARTA, July 15 (AFP): Indonesia's new list of foreign investment limits by sector has caused head-scratching among investors. But analysts and the government say that despite confusion, it is a step towards untangling the infamous bureaucracy of Southeast Asia's largest...

Only 10pc of Myanmar's companies are running

2007-07-16 00:00:00

YANGON, July 15 (AFP): Only 10 per cent of the companies registered in military-ruled Myanmar are actually operating, the acting prime minister said today. "Although 40,000 companies were registered in the country, the number of companies that are really operating...

Brunei sultan calls for bigger role of small business

2007-07-16 00:00:00

BANDAR SERI BEGAWAN, July 15 (AFP): Small and medium enterprises must play a greater role in the economy of oil-rich Brunei, Sultan Hassanal Bolkiah said today. In a speech marking his 61st birthday, Hassanal, one of the world's longest-reigning monarchs,...

IMF opens managing director race, but to a party of one?

2007-07-16 00:00:00

WASHINGTON, July 15 (AFP): The International Monetary Fund has opened the selection process for the next managing director, but it remains to be seen whether there will be more than one candidate. Under an unwritten and increasingly scorned agreement, Europe...

Language proficiency gives S’pore advantage: Lee Kuan

2007-07-16 00:00:00

SINGAPORE, July 15 (AFP): Singapore's founding father Lee Kuan Yew urged Singaporeans to stay proficient in their mother tongues to give them an edge in a highly competitive globalised economy, in remarks published today. Students and their parents must persevere...

China's trade deficit with East Asia hits $87.5b

2007-07-16 00:00:00

Beijing, Jul 15 (PTI): Despite China amassing an overall foreign trade surplus, the Communist country had a deficit of USD 87.5 billion in 2006 with East Asian countries, a main source for raw materials and parts, a senior official has...

Sri Lanka tourist arrivals plunge 30 per cent in June

2007-07-16 00:00:00

COLOMBO, July 15 (AFP): Tourist arrivals to Sri Lanka plunged 30 per cent in June compared to a year ago as fighting escalated in the country's bitter ethnic war, the tourism board said today. Months of heavy fighting mainly in...