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Forrest bags WBC light-middleweight title

2007-07-30 00:00:00

TACOMA, Jul 29 (AFP): Vernon Forrest seized the vacant World Boxing Council (WBC) light-middleweight title with a unanimous 12-round decision over Argentina's Carlos Baldomir here Saturday. Forrest, a 36-year-old former 147-pound champion whose best days appeared to be behind him...

Mourinho plots title revenge

2007-07-30 00:00:00

LONDON, Jul 29 (AFP): Jose Mourinho has found himself in the unusual position of being out-gunned in the transfer market, but he believes his decision to go back to basics will prove decisive in the race for the Premiership. While...

Younis hits 2nd double ton

2007-07-30 00:00:00

LONDON, Jul 29 (AFP): Pakistani Test batsman Younis Khan hit his second unbeaten double century of the English county season Saturday as title-chasing Yorkshire drew against Kent in a rain-hit match at Scarborough.

'Big bang' investments from global tech titans still a far cry

2007-07-30 00:00:00

FE ReportBangladesh continues to trail behind in netting in "big bang" investments from global technology titans, thanks mainly to the delay in developing the proposed hi-tech park at Kaliakoir.The Kaliakoir hi-tech park project has not taken off in the last...

Writ filed challenging Hasina's detention

2007-07-30 00:00:00

Detained Awami League (AL) chief Sheikh Hasina Sunday challenged in the High Court (HC) the government's decision to lodge an extortion case against her under the cover of emergency powers rules, reports bdnews24.com. Hasina's attorney Rafique-ul Huq filed a writ...

BB turns down requests from Khaleda, Hasina

2007-07-30 00:00:00

FE Report The Bangladesh Bank (BB) has expressed its inability to provide the bank account statements of two former Prime Ministers - Khaleda Zia and Sheikh Hasina - as rules and regulations concerned do not allow it giving such information...

Rivers continue to swell as floods set to aggravate

2007-07-30 00:00:00

The countrywide flood situation is set to worsen further in the next 24 hours from 6:00 am Sunday as major rivers continued to swell, said the Flood Forecasting and Warning Centre (FFWC) Sunday, reports bdnews24.com.An FFWC bulletin said nine rivers...

Deadline for legalising untaxed money expires tomorrow

2007-07-30 00:00:00

Doulot Akter MalaThe deadline for legalising undisclosed money by the taxpayers expires tomorrow (Tuesday) amid a mounting pressure for extension of time.The National Board of Revenue (NBR) has been receiving appeals from different section of people including lawyers and businessmen...

Slow progress in tax revenue reforms annoys IMF

2007-07-30 00:00:00

Shakhawat Hossain The International Monetary Fund (IMF) has expressed dissatisfaction over the government delay in taking a decision on separation of tax policy from administration in the National Board of Revenue (NBR) as part of reforms, official sources said."While we...

MCCI welcomes central bank's assurance about lending rates

2007-07-30 00:00:00

FE ReportThe Metropolitan Chamber of Commerce and Industry (MCCI), Dhaka welcomed Saturday the Bangladesh Bank's reported assurance that the lending rates "are not likely to be increased in the near future despite its pursuit of a tight monetary policy to...

Train on trial run reaches Kolkata

2007-07-30 00:00:00

A total of 35 government officials reached Kolkata by the return trial train Sunday to discuss unresolved issues about the launch of direct passenger rail services between the two neighbouring cities, reports bdnews24.com. The trial train, Moitree, from Dhaka left...

Investment rate needs to ‘rise by 5pc of GDP’

2007-07-30 00:00:00

FE ReportBangladesh needs to increase its investment rate by more than five per cent to 30 per cent of the Gross Domestic Product (GDP) from the current level of 25 per cent for accelerating further its development process, World Bank...

BTRC fines Bangla Phone

2007-07-30 00:00:00

Bangladesh Telecommunication Regulatory Commission (BTRC) fined Bangla Phone, a private land phone operator, Tk 20.0 million for failing to comply with the conditions set for issuance of licence. "We have fined the company as it has failed to meet the...

Fisheries Dept may be divided into two

2007-07-30 00:00:00

The government has announced a possible split in the Department of Fisheries (DoF) into two areas of work in an attempt to increase its efficiency. The plan will see the creation of two new wings, one dealing with promotional activities,...

SEC asks merchant banks to maintain 'prudent policy'

2007-07-30 00:00:00

Refayet Ullah MirdhaThe Securities and Exchange Commission (SEC) Sunday asked the merchant banks to maintain a 'prudent policy' while extending loans to small investors."We cautioned the merchant banks that no investor should be affected if the present momentum of the...

Japan's LDP heads for election defeat

2007-07-30 00:00:00

David Pilling, FT Syndication ServiceTOKYO: Shinzo Abe's Liberal Democratic Party on Sunday night appeared to be headed for a crushing defeat in upper house elections according to exit polls, which predicted a landslide victory for the main opposition Democratic Party...

International bids for 3 IPPs soon

2007-07-30 00:00:00

M Azizur RahmanThe government is set to invite international tenders for setting up three independent power plants (IPPs) having a total 1350 megawatt (MW) generation capacity.The IPPs, each with a generation capacity of 450MW, to be installed at three separate...

Those taking unilateral decisions in BNP would be expelled: H Shah

2007-07-30 00:00:00

SYLHET, July 29 (UNB): BNP Chairperson's adviser Hannan Shah today (Sunday) warned that those who were taking unilateral decisions for the party's reforms would be expelled if they do not correct themselves immediately."Those who are taking unilateral decisions for the...

Guns, ammo seized in raid on bus in Rajshahi

2007-07-30 00:00:00

RAJSHAHI, July 29 (UNB): Five firearms with 20 bullets and huge bomb-making materials were seized from a bus at Jhalmolia in Puthia Upazila while the consignment was being transported towards Pabna Sunday.Police said acting on a tip-off, a joint team...

Most of vegetable growing areas inundated

2007-07-30 00:00:00

Jasim Uddin Haroon Most of the vegetable growing areas in the country have been inundated following heavy downpour over the past few days adversely affecting the production and causing economic losses to the farmers. Department of Agricultural Extension (DAE) sources...

Tk 16.94b in revenue realised by Dhaka South Commissionerate

2007-07-30 00:00:00

FE Report The Dhaka South Commissionerate realised Tk 16.94 billion in revenue during fiscal 2006-07, which is Tk 2.47 billion higher than that of previous fiscal year. However, it surpassed the target by Tk 40 million during the year. The...

Yet another flood on doorsteps

2007-07-29 00:00:00

SHADOWS of yet another deluge are looming on the horizon quite menacingly. It is hard to predict right at this moment the possible intensity and ferocity of the flood that has already engulfed a vast tract of land in northern...

The rising trend of inflation

2007-07-29 00:00:00

Shahiduzzaman KhanIMPACT of rising inflation is being felt almost everywhere. The prices of essential commodities have gone up and so the cost of living in Bangladesh. Country's vast multitude of the poor and the unemployed people are having a difficult...

Rising rupee hits outsourcing

2007-07-29 00:00:00

Joe Leahy TATA Consultancy Services is planning to increase the share of its work handled in India to cut costs as the country's information technology outsourcing companies scurry to adjust to an appreciating rupee.The outsourcing sector, one of India's biggest...

Painful pinches from rising costs of living

2007-07-29 00:00:00

Shamim AhmedPRICES are no matter to consumers of luxury products. Rich consumers are prone to buying costly products at prices far above their real value as they think that ownership of such products lend to them status or elegance and...

US still at risk from al-Qaeda

2007-07-29 00:00:00

Andrew WardAl-Qaeda could use contacts and capabilities developed in Iraq to mount fresh attacks on US soil, according to a new US intelligence estimate released recently.The report said the US had become harder for terrorists to strike since the September...

Return the money to the public exchequer

2007-07-29 00:00:00

IT is rather pathetic that the "Hon." Speaker gobbled up Tk. 2.8 million (28 lakh) of the tax payers' money on his medical expenses abroad. The point is not whether it was spent legally or illegally. If he has ever...

Decency in press photographs

2007-07-29 00:00:00

In the recent days, some published press photographs have been found having lack of consciousness of all concerned. These photographs carry the names of the people whose offense is yet to be proved. Even in cases, those disclose the names...

History of Bangladesh

2007-07-29 00:00:00

IT is really appreciable that the government has taken initiatives to give the national leaders, particularly Bangabandhu Sheikh Mujibur Rahman his rightful place in the nation's history. As per the initiatives, national curriculum and textbook board has already taken initiative...

The way to go in Iraq

2007-07-29 00:00:00

Peter Galbraith On May 30, the Coalition held a ceremony in the Kurdistan town of Erbil to mark its handover of security in Iraq's three Kurdish provinces from the Coalition to the Iraqi government. General Benjamin Mixon, the U.S. commander...