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Councillors to take decision on party reforms: Khaleda

2007-06-26 00:00:00

BNP Chairperson Khaleda Zia Monday welcomed any proposal to reform her party, but said, the party's councillors will take the final decision according to the BNP constitution, reports UNB.She made the remarks in a plain paper statement signed and circulated...

Biman's PLC process to go beyond June deadline

2007-06-26 00:00:00

FE Report The process of converting the Biman Bangladesh Airlines, the national carrier, into a public limited company (PLC) will go beyond the stipulated time, as the government is not in a position to remove legal tangle by June 30....

Death sentence to Mohiuddin stayed

2007-06-26 00:00:00

The High Court-delivered death sentence upon Bangabandhu murder convict AKM Mohiuddin has been stayed, an official said Monday, reports bdnews24.comThe stay order came in line with an appeal of Mohiuddin to the apex court to 'condone' an inordinate delay in...

No private sector involvement in OMS of fertiliser: Aziz

2007-06-26 00:00:00

FE ReportFinance and Planning Adviser Mirza Azizul Islam said Monday open market sale of fertiliser through private sector instead of public sector will not be possible for the reason of proper utilisation of subsidy and control of cross-border smuggling."If we...

Daewoo ready to fund nuclear power plant in Bangladesh

2007-06-26 00:00:00

FE ReportThe South Korean company -- Daewoo Engineering -- has expressed its willingness to provide fund and technology to Bangladesh for setting up a nuclear power plant.The South Korean company, that has extensive experiences in installing nuclear power plant in...

Indo-Bangla FS-level talks begin in city

2007-06-26 00:00:00

Bangladesh and India opened talks covering entire range of longstanding issues, starting from trade imbalance to transportation and water sharing to border demarcation, on a 'positive' note struck by both sides, reports UNB.Indian Foreign Secretary (FS) Shiv Shankar Menon and...

Khulna chief given 5-day remand, five more held

2007-06-26 00:00:00

Khulna Divisional Chief Conservator of Forest Mizanur Rahman was given to police remand for five days when produced before the court Monday, report UNB/ bdnews24.com.Meanwhile, crackdown on custodians of forests scaled up as army-led joint forces arrested five more top...

Rupali take-over bid: Govt still hopeful

2007-06-26 00:00:00

The government is still hopeful of a positive response from the Saudi prince Bander Bin Mohammad Abdulrahman Al Saud for concluding the deal on his taking over ownership of the Rupali Bank. "We are still hopeful that he will reply...

Banks to remain open on June 29, 30

2007-06-26 00:00:00

All commercial banks will remain open on the weekly holidays on Friday-Saturday (June 29, 30) to facilitate government transactions, including revenue collection, at the end of the current fiscal year. Bangladesh Bank (BB) issued necessary instructions to the commercial banks...

Amendment to ACC Act-2004 likely

2007-06-26 00:00:00

Anti-Corruption Commission (ACC) Monday decided in principle to bring changes to the ACC Act-2004 for empowering the body getting information from the National Board of Revenue (NBR) about income and assets of any individual or company. Talking to reporters, ACC...

Govt borrowing from savings tools set to exceed revised target

2007-06-26 00:00:00

FE ReportThe government's borrowing through sales of savings certificates is set to exceed the revised target by at least Tk 11 billion in the current fiscal, which will put additional pressure on servicing of its internal debt.An increased current expenditure...

SEC fines Jamuna sponsor shareholders

2007-06-26 00:00:00

The Securities and Exchange Commission (SEC) Monday fined three persons and four companies a total of Tk 1.30 million (13 lakh) for their involvement in insider trading, reports bdnews24.com.The SEC also imposed a two-year freeze on about 0.7 million (7.0...

Export development a top priority of govt

2007-06-26 00:00:00

FE ReportMd Abu Solaiman Chowdhury, Chairman of the Bangladesh Privatisation Commission, Monday said Bangladesh has been trying to increase its export earnings by not only enhancing the export volume but also expanding the range of exportable products.Chowdhury was speaking as...

Two new bonds issued, auction system amended

2007-06-26 00:00:00

Siddique Islam The government has issued two new treasury bonds of 15-year and 20-year terms to attract more investors and activate the country's secondary bond market, official sources said. The Bangladesh Bank (BB) has amended the auction system of the...

ADB board approves $465m loan for Bangladesh today

2007-06-26 00:00:00

FE ReportThe Asian Development Bank (ADB) will place the US$465 million loan proposal for Bangladesh's power sector at its board meeting in Manila today (Tuesday) for approval, sources said.After approval of the loan by the ADB Board, the donor agency...

Purchase body may approve 10 SPPs

2007-06-26 00:00:00

Tender proposals of the selected bidders for the proposed 10 small power plants (SPPs) are likely to get the approval of the Advisors Committee on Public Purchase next week, reports UNB. According to official sources, the Power Division Monday sent...

BGMEA plea for more container trains, yard

2007-06-26 00:00:00

FE ReportLeaders of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) Monday urged Communications Adviser MA Matin to increase the number of container trains and establish a separate container yard for the apparel exporters.They also requested for improving the quality...

developments in the region and abroad

2007-06-26 00:00:00

Immigration bill faces tough weekWASHINGTON, June 25(Internet): President Bush's hopes for passing an immigration law rested Monday on a fragile compromise rescued from near death to make another appearance on the Senate floor this week.The president is urging lawmakers to...

Stock prices rally, general index crosses 2100-mark

2007-06-26 00:00:00

FE ReportThe benchmark DSE General Index (DGEN) crossed 2100-mark Monday, a new milestone amid a hefty turnover and market capitalisation led by issues under banking and insurance sectors.Earlier, the DGEN crossed the 2000-mark May 31, 2007 for the first time...

Call rate, dollar rise

2007-06-26 00:00:00

FE ReportThe inter-bank call money rate marked slight rise Monday due to withdrawal of cash through reverse repurchase agreement (repo) and recurrent impact of draining out cash Sunday through treasury bills, fund managers said. The rate moved between 6.50 per...

Nizam gets one-month detention

2007-06-26 00:00:00

CHITTAGONG, June 25 (bdnews24.com): Authorities Monday sent former BNP lawmaker Sarwar Jamal Nizam into one month's detention, a jail official said. Chittagong jail superintendent Bazlur Rashid told the news agency that the detention took effect from Monday. The home ministry...

Charge hearings not held following pleas from defence side

2007-06-26 00:00:00

Charge hearings of three cases transferred to the special anti-graft courts for quick disposal could not take place Monday for different pleas placed by the counsel for the accused, reports UNB.When the court of Judge AK Roy resumed for charge...

Dhaka-Hanoi JEC meet early next year

2007-06-26 00:00:00

Bangladesh and Vietnam have agreed to hold a meeting of the Joint Economic Commission (JEC) in early 2008, the year when the 35th year of bilateral relations will be celebrated.The agreement was reached when the outgoing Vietnamese Ambassador in Bangladesh...

HC grants bail to Hannan Shah in two cases

2007-06-26 00:00:00

The High Court (HC) granted Monday ad-interim bail to BNP leader, ASM Hannan Shah, in two cases, reports bdnews24.com. Police arrested Hannan Shah and his son Shah Rezaul Hannan from their Mohakhali DOHS home on May 14 last. An HC...

ACC sues HBM Iqbal, his wife

2007-06-26 00:00:00

A case has been filed against former lawmaker and Awami League (AL) leader HBM Iqbal with Gulshan Police Station, a police officer said Monday, reports bdnews24.com.Assistant Director of the Anti-Corruption Commission (ACC) Md Ibrahim filed the case at 4:00 pm...

DU female student commits suicide

2007-06-26 00:00:00

DU CorrespondentA female student of Rokeya Hall of Dhaka University committed suicide by hanging herself with the shower of the hall's bathroom in the early hours of Monday.She was identified as Zahura Khan Progga (21), daughter of Nazimuddin Khan of...

Intl. Day against Drug Abuse, Illicit Trafficking today

2007-06-26 00:00:00

The International Day against Drug Abuse and Illicit Trafficking will be observed tomorrow (Tuesday) in the country, as elsewhere around the globe, as part of the fight against the menace, reports UNB.This year's theme for the day is: Do drugs...

President asks all to plant more trees

2007-06-26 00:00:00

President Iajuddin Ahmed asked all to plant more and more trees and nurture those to enhance forest resources and create a balanced environment, as ecological imbalance poses a threat to human existence, reports UNB.The President made the call while inaugurating...

PRO harassed by magistrates

2007-06-26 00:00:00

FE ReportA public relations officer (PRO) of a renowned insurance company was allegedly harassed by two magistrates at the Kamalpur Railway Station in the early morning of Monday.The victim told the FE that he was getting down from the Parabat...

Youth arrested on charge of violating minor girl

2007-06-26 00:00:00

A youth was arrested Sunday night on charge of violating a minor girl in the city's Tejgaon area, reports UNB.The arrested was identified as Rubel (18), son of Suruj Miah. On June 6, Rubel allegedly entered the house of Abdus...