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Fresh schedule to start construction yet to be set

Munima Sultana | 2011-03-26 00:00:00

Munima SultanaThe authority is yet to set fresh schedule to start construction of the country's biggest and most cost-intensive Padma Bridge having failed to complete the procedure of selecting companies to carry out the project's works. Bangladesh Bridge Authority (BBA),...

Current PSI firms could be picked again

Doulot Akter Mala | 2011-03-21 00:00:00

Doulot Akter MalaThe government is expected to pick existing Pre-Shipment Inspection (PSI) firms for another two years after a search committee found no suitable companies for the assignment. The contract period of the four PSI companies is scheduled to expire...

Benapole land port fee hike faces opposition

Syful Islam | 2011-03-21 00:00:00

Syful IslamThe government's move to set a uniform fee for land ports faces resistance after Benapole port agents said they would not pay higher rate due to lack of proper infrastructure, officials said Sunday. User fee for Benapole land port...

United Airways to issue rights for business expansion

Asaduzzaman Pallab | 2011-03-21 00:00:00

Asaduzzaman PallabUnited Airways, a private sector air carrier plans to expand by increasing its number of fleet and flight destination. Company sources said, United Airways plans to buy two large size Airbus-300-600 and one mid size MD-831 to meet its...

Muhith for SEC authority to issue bank search orders against suspect companies, investors

Nazmul Ahsan | 2011-03-21 00:00:00

Nazmul AhsanFinance Minister AMA Muhith has backed the move to empower the securities regulator for issuing bank search orders against any suspected listed companies or individual investors, but underlined a broad base consensus with stakeholders before a final decision to...

Libyan scene: What "Odyssey Dawn" is expected to accomplish?

Zaglul Ahmed Chowdhury | 2011-03-21 00:00:00

Zaglul Ahmed ChowdhuryThe international 'coalition', acting under an important resolution of the United Nations security council, has, as was expected, finally launched an air strike operation -- 'Odyssey Dawn'-- in several places in the strife-torn Libya to enforce a "no-fly"...

Taka depreciates by a big margin

Siddique Islam | 2011-03-21 00:00:00

Siddique Islam Bangladesh Taka (BDT) depreciated by 0.58 per cent against the US dollar in a single day on Sunday following increased demand for the greenback to settle import payments by the commercial banks. The rate of US dollar in...

Violence continues to rage in Middle-East

From Fazle Rashid | 2011-03-20 00:00:00

From Fazle Rashid NEW YORK, Mar 19: Rajib Karim, a British citizen of Bangladesh origin, who was employed by the British Airways as a computer specialist was convicted to serve a 30-year jail term for plotting with the US-born cleric...

IMF experts to assist operationalisation of proposed VAT law

Doulot Akter Mala | 2011-03-20 00:00:00

Doulot Akter MalaExperts of International Monetary Fund (IMF) in administrative affairs of Value Added Tax (VAT) will set the implementation strategies of the proposed VAT law, in consultation with their local counterparts, to make it business friendly. A mission of...

Fifth population census ends

Munima Sultana | 2011-03-20 00:00:00

Munima SultanaThe fifth population and household census ended Saturday midnight amidst allegations of leaving a good number of people residing in various locations uncounted. The census, held after every 10 years, has to count each and every person living in...

last column

Khalilur Rahman | 2011-03-20 00:00:00

Khalilur RahmanThe High Court (HC) last week asked the authorities concerned to demarcate areas of all parks and playgrounds in the city and demolish illegal constructions on those except the structures built to create sports facilities. The HC bench comprising...

Banks' stock market exposure declines

Siddique Islam | 2011-03-20 00:00:00

Siddique Islam The commercial banks' exposure to the capital market has declined in recent months following continuous monitoring by the central bank. The average investment in stocks of all 47 scheduled banks came down to 3.7 per cent in February,...

Insurance regulator seeks staff, operating fund

Asaduzzaman Pallab | 2011-03-20 00:00:00

Asaduzzaman PallabInsurers' watchdog Insurance Development and Regulatory Authority (IDRA) has submitted an organogram to the Finance Ministry, seeking staff and budget. Finance Ministry officials said, IDRA has sought 170 manpower including four members and 4 executive directors. The authority also...

Insurance regulator seeks staff, operating fund

Asaduzzaman Pallab | 2011-03-20 00:00:00

Asaduzzaman PallabInsurers' watchdog Insurance Development and Regulatory Authority (IDRA) has submitted an organogram to the Finance Ministry, seeking staff and budget. Finance Ministry officials said, IDRA has sought 170 manpower including four members and 4 executive directors. The authority also...

Exports to Japan may suffer

Talha Bin Habib | 2011-03-20 00:00:00

Talha Bin Habib Bangladesh's move to make inroad into the multi-billion dollar Japanese clothing market may suffer a jolt after the country was ravaged by triple disasters of an earthquake, a tsunami and a nuclear meltdown. Bangladesh Knitwear Manufacturers and...

Friendly relations between teachers and students: Why it is important

FE?Special | 2011-03-20 00:00:00

FE?SpecialDURING our student life, we first go to primary school, then secondary school, then college and at last to university. We come across many teachers at every stage. Some of them become our favourites. We become fond of those teachers...

Gaddafi a special creature: Hillary

From Fazle Rashid | 2011-03-19 00:00:00

From Fazle Rashid NEW YORK, Mar 18: India and Brazil, alongwith Germany, China and Brazil, abstained from voting on the resolution, adopted by the United Nations Security Council (UNSC) yesterday, authorising military action, including air strikes against Libyan tanks, and...

NPL situation improves in SCBs

Nazmul Ahsan | 2011-03-19 00:00:00

Nazmul AhsanThe state-owned commercial banks (SCBs) expect to improve their loan recovery position in the current calendar year, 2011, following the recruitment of more officials by them to make an effective drive for reducing the amount of classified loans in...

NBR won't give information about taxpayers to ACC

Doulot Akter Mala | 2011-03-19 00:00:00

Doulot Akter MalaThe National Board of Revenue (NBR) will no longer provide any information, in any written form, to the Anti-Corruption Commission (ACC) for the latter's investigation into charges of graft against alleged corrupt individuals, in order to protect taxpayers'...

Obama tours S America to deliver and promote business

Yi Aijun and Lin Yu | 2011-03-19 00:00:00

Yi Aijun and Lin YuWith wife and daughters in his company, U.S. President Barack Obama will on Friday kick off a five-day tour of South and Central America to deliver as well as promote business, analysts say. In Santiago, Chile,...

Crisis in timber industry

Nehal Adil | 2011-03-19 00:00:00

Nehal AdilNowhere the devastating blow of the SIDR which struck nearly three years ago is as visible as in the timber sector. The Sundarbans is the main centre of our timber industry. It was nearly gone. Have we replanted the...

Severe traffic jam on highways forces people to turn to rails

Munima Sultana | 2011-03-19 00:00:00

Munima SultanaPassengers are now increasingly turning to railway to reach their destinations during extended holidays to avoid journey by roads and highways. This is mostly because of the horrific traffic jams that keep thousands of travellers stranded on the highways...

DNCRP to recruit required manpower soon

Talha Bin Habib | 2011-03-19 00:00:00

Talha Bin Habib The Directorate of National Consumer Rights Protection (DNCRP) will be able to recruit required manpower soon, as the concerned ministry is likely to give approval to its recruitment proposals this month. "We have sent proposals to the...

FDI scenario receives a sharp boost with $3088.51m offer

Shah Alam Nur | 2011-03-19 00:00:00

Shah Alam NurThe Board of Investment (BoI) has registered proposals worth US$ 3088.51 million in 2010 as foreign direct investment (FDI) in different sectors, an amount which is five times higher than that in 2009. According to BoI data, the...

Taleban now open to talks if security is guaranteed

From Fazle Rashid | 2011-03-18 00:00:00

From Fazle RashidNEW YORK, Mar 17: All three parties involved in the war in Afghanistan -- the government, the US and Taleban -- are looking for a negotiated settlement. The Talebans have moved away from their once intractable stand about...

B'desh segment of TAR routepreparation shows progress

Munima Sultana | 2011-03-18 00:00:00

Munima SultanaThe railway track linking Bangladesh with the Trans-Asian Railway network is likely to be established within two to three years. The Bangladesh Railway (BR) has made progress in the projects related to the missing track development, line conversion and...

Say 'no' to violence, power abuse, graft

Talha J Ahmad | 2011-03-18 00:00:00

Talha J AhmadSoon Bangladesh will celebrate her 40th anniversary of Independence and step into the fifth decade of her existence. The government has undertaken a massive programme to celebrate the auspicious occasion in a grand manner and allocated handsome funds....

Bai-Muajjal: How it functions

Afzalul Haq | 2011-03-18 00:00:00

Afzalul HaqWith the pace of growth of Islamic banking system around the globe, interest of the mass to know the subject has also been remarkable. People are found particularly interested to know the mechanisms through which Islamic banks collect deposits,...

Central bank allows only PDs to submit bid for next quarter

Siddique Islam | 2011-03-18 00:00:00

Siddique Islam The Bangladesh Bank (BB) has allowed only primary dealers (PDs) to submit bids in the primary auction of the government securities for the next quarter of this year. "We've decided that only the PDs will submit the bid...

Saudis set to employ big number of Bangladeshis

Syful Islam | 2011-03-18 00:00:00

Syful IslamSaudi Arabia is set to end its "unofficial" freeze on large-scale recruitment of unskilled workers from Bangladesh, boosting hopes that Dhaka will reclaim its top position in the Kingdom's job market, officials said Thursday. The Middle Eastern country almost...