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SUST admission test on December 12, 13

2007-09-29 00:00:00

SYLHET, Sept 28 (UNB): The admission test of first year honours of Shahjalal University of Science and Technology (SUST) for 2007-2008 session will be held on December 12 and 13. The decision was taken at a meeting of admission committee...

Police seize Indian saris in Comilla

2007-09-29 00:00:00

COMILLA, Sept 28 (UNB): The police arrested a man and seized 1,402 pieces of Indian sari worth Tk 3.5 million from a truck at Uttar Sreepur in Sadar Upazila early Wednesday.Acting on a tip-off, police waylaid the truck and seized...

MIMT's annual Milad, Iftar held

2007-09-29 00:00:00

FE Report The annual Milad mahfil of the MARKS Institute of Medical Technology (MIMT) was held at the MIMT auditorium, Mirpur-14 in the city Tuesday. MIMT Principal M Masudur Rahman (MR) Khan was present as the chief guest in the...

Govt mulls redesigning PRSP

2007-09-29 00:00:00

FE ReportA plan to repackage the poverty reduction strategy paper (PRSP) to help sustain aid flow from the multilateral lenders, particularly the World Bank, is under active consideration of the present interim administration."We're actively considering the formulation of the PRSP-2,...

CA pleads for duty-free access of LDC products, free movement of labour

2007-09-29 00:00:00

NEW YORK, Sept 28 (UNB): Chief Adviser Fakhruddin Ahmed has assured the United Nations (UN) in a clear term of holding a free, fair and meaningful election in Bangladesh by the end of next year."We've pledged to put Bangladesh on...

WB extends $75m budgetary support credit to Dhaka

2007-09-29 00:00:00

FE Report The World Bank (WB) has approved an International Development Association (IDA) credit of US$75 million to assist the Bangladesh government bridge the resource gap incurred as a result of recent floods. The additional financing to the Fourth Development...

Supreme Court rules that Musharraf can stand

2007-09-29 00:00:00

Farhan Bokhari, FT Syndication ServiceISLAMABAD: General Pervez Musharraf, Pakistan's military ruler, on Friday received an unexpected boost to his beleaguered position when the country's supreme court dismissed two petitions challenging his decision to contest the presidential election next Saturday (October...

Many investors fail to meet BO account fee deadline

2007-09-29 00:00:00

Raihan M ChowdhuryA large number of investors failed to deposit Tk 300 as annual fee charged for the maintenance of beneficiary owner's (BO) accounts by the Securities and Exchange Commission (SEC) until the last day Friday, sources said.Although September 30...

Govt contemplates train fare raise

2007-09-29 00:00:00

FE Report The government is contemplating raising train fares shortly following rise in the prices of fuel in the international market.This was disclosed by the Communications Secretary Mahbubur Rahman at a round table meeting held in the city Friday."The Finance...

Hannan for more names of BNP reformists on list of graft suspects

2007-09-29 00:00:00

BNP chairperson's adviser ASM Hannan Shah said the government published the list of corruption suspects according to its promise, but the list should contain some more names of BNP reformists, reports UNB."The list indicates, though late, the government has changed...

Zillur sets conditions for AL-BNP united movement

2007-09-29 00:00:00

Acting Awami League president Zillur Rahman Friday said a united movement with AL and BNP could be launched if there is similarity in principle between the two parties, reports UNB."But united movement could not be possible if there is no...

Move under way to streamline courier service operations

2007-09-29 00:00:00

Doulot Akter MalaThe government has taken a move to bring the services of courier companies under a guideline aiming to check smuggling, which can apparently be carried out easily due to insufficient monitoring mechanism at the airports.The customs department of...

Tullow plans to pump out more gas from block-9

2007-09-29 00:00:00

FE Report Tullow, an Irish oil and gas exploration company, has planned to raise gas output from one of its blocks in Bangladesh to 100 million standard cubic feet per day (mmcfd) by October 2008. "We have plans for further...

Govt to continue anti-graftdrive, says Mainul

2007-09-29 00:00:00

Law Adviser Mainul Hosein Friday said the government would continue the drive against corrupt businessmen, mainly the big ones, besides paying special attention to the business community in the interest of the economy. "The government is trying to exempt businessmen...

Bus set afire, 10 damaged after accident in city

2007-09-29 00:00:00

An angry mob set fire to a bus and damaged 10 others following a road accident near Malibagh level-crossing in the city Friday that left a man seriously injured. Police said the accident took place in front of Padma Cinema...

Cement producers upbeat about better days

2007-09-29 00:00:00

Jasim Uddin Haroon The import of clinker has been rising gradually following increased demand for cement in the country. The increase in demand is mainly attributed to higher exports of the item to a neighbouring country, India. Besides, the cement...

US to provide $181m in grant

2007-09-29 00:00:00

FE ReportThe United States is going to provide a total of over US$ 181 million in grants to Bangladesh for improving its health services and environmental degradation over a period of four years, official sources said.Two separate agreements on the...

BB to fund private power plants from its $50m IPFF

2007-09-29 00:00:00

The Bangladesh Bank (BB) is set to finance power plants from its $50 million investment promotion and financing facility (IPFF) fund for private infrastructure projects."We hope to start sanctioning credits soon. We have primarily planned to finance power plant projects,"...

EPB eyes processed diamond export

2007-09-29 00:00:00

Naim-Ul-KarimThe government is taking a move soon to make the country's Export and Import Policy time-worthy, which will envisage earning of a substantial amount of foreign exchange through export of processed-diamond, sources said."Of late, we have realised that there is...

Ball starts rolling on dispute settlement

2007-09-29 00:00:00

SM JahangirThe arbitration process of settling the dispute over compensation for two blowouts, which took place at the Tengratila gas field in Sylhet, has finally begun between the Canadian company - Niko Resources Limited and Petrobangla.Barrister Abdur Razzaq is taking...

World Bank pledges record $3.5b to aid poorest nations

2007-09-29 00:00:00

WASHINGTON, Sept 28 (AFP): The World Bank Thursday pledged a record 3.5 billion dollars to aid the world's poorest countries as it cut the interest rate on loans to big developing countries. The roughly quarter-point lowering of loan rates was...

Share prices decline on selling spree

2007-09-29 00:00:00

FE ReportStock prices declined in the week ended Thursday on the Dhaka Stock Exchange (DSE) as investors sold shares to re-invest the fund on Trust Bank, which is scheduled to be traded from October 1.The market gained Sunday, the first...

Steel ballot boxes to be used for local govt polls

2007-09-29 00:00:00

The Election Commission (EC) will use opaque steel ballot boxes for all local government elections including the city corporation elections, election commissioner Sakhawat Hossain said Friday. "The EC is set to utilise the sufficient number of ballot boxes it has...

Japan jobs data underline wage concerns

2007-09-29 00:00:00

David Pilling, FT Syndication ServiceTOKYO: Japan's jobless rate rose for the first time in 11 months as more people sought work, underlining concerns about the slow pace at which economic growth has translated into benefits for workers.The unemployment rate rose...

developments in the region and abroad

2007-09-29 00:00:00

Six key nations agree to delay Iran action NEW YORK (AP): Six key nations agreed Friday to delay until November a new U.N. resolution that would toughen sanctions against Iran, waiting to see if Tehran answers questions about its disputed...

Finance Ministry, NBR delay in clearing tender proposal

2007-09-29 00:00:00

Despite having made all preparations, the Energy Ministry could not invite the third round international gas-block bidding as the Finance Ministry and the National Board of Revenue held back the bidding document, reports UNB. Sources said that after preparing the...

CA seeks int'l support to recover ill-gotten money from abroad

2007-09-29 00:00:00

NEW YORK Sep 28 (UNB): Chief Adviser Fakhruddin Ahmed has sought the international community's support for Bangladesh to recover the ill-gotten gains of the corruption that remains abroad."Democracy itself has been the victim of this corrupt culture. Politicians, businessmen and...

AL starts polls reforms talks with allies today

2007-09-29 00:00:00

The Awami League (AL) sits with the Worker's Party today (Saturday) as part of a series of discussions with allies in the 14-party combine ahead of the upcoming discussions with the Election Commission (EC), according to the bdnews24.com. The deliberations...

Developed states' pledges often not kept: Iftekhar

2007-09-29 00:00:00

NEW YORK, Sept 28 (UNB): Foreign Adviser Iftekhar Ahmed Chow-dhury said that in today's world development must be country-driven and urged the developed nations to keep their pledges for the developing nations. Speaking at the Ministerial Meeting of Group of...

Islamic hard liners demand closure of Prothom Alo

2007-09-29 00:00:00

Hundreds of Islamic hard liners staged anti-cartoon protests in the city Friday demanding closure of the daily Prothom Alo for printing the cartoon in its weekly supplement "Alpin" ridiculing Prophet Muhammad (SM) and Islam, reports UNB.The protesters carrying the banners...