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Singapore may abandon plan to import sand from Bangladesh

Naim-Ul-Karim | 2008-07-22 00:00:00

Singapore is considering abandoning its plan to import sand from the country, as the Bangladesh government has not yet responded to its proposition for importing the construction material, said an official Monday.Moreover, the official said, the Singapore government has asked...

developments in the region and abroad

Yadav elected | 2008-07-22 00:00:00

Nepali presidentBelying expectations Nepali Congress Party candidate Dr Ram Baran Yadav was today elected the first president of republic by the constituent assembly defeating the Maoist candidate, according to Nepal's Kantipur website monitored here, reports UNB.Dr Yadav (61), general secretary...

Boom time for the global bourgeoisie

Jim O'Neill | 2008-07-22 00:00:00

FT Syndication ServiceIN the midst of the current widespread gloom and doom in the west, it is important not to lose sight of the true structural themes shaping our era.Linked to the current mood, commentators often depict an embattled and...

Tormented by soaring prices

Yakub Ali Khan | 2008-07-22 00:00:00

RISING prices is now the subject of worried conversation everywhere -- at tea stalls, buses, launch terminals or any location where people come together and exchange opinion. Complete strangers when travelling together to a common destination usually discuss the weather....

BB approves sale of 51pc GSP Finance shares to BRAC Bank

Siddique Islam | 2008-07-22 00:00:00

The Bangladesh Bank (BB) has given opinion to the Ministry of Finance in favour of selling of 51 per cent shares of the GSP Finance, a financial institution, to BRAC Bank Limited, officials said.The ministry earlier asked the central bank...

Keeping the lifeline unaffected

Shamsul Huq Zahid | 2008-07-21 00:00:00

The country remains indebted to expatriate Bangladeshis. For without the money they send home it would have been really hard for the government to finance the ever-increasing import bills and maintain a reserve enough to meet import requirements for, at...

No major floods likely this year

Naim-Ul-Karim | 2008-07-21 00:00:00

The probability of widespread floods occurring this year in the country, apart from some isolated areas, is lower as the risk factors are indicating to a normal situation, said government officials and experts on Sunday.The government's Department for Disaster Management...

One small step, one giant leap

Maswood Alam Khan | 2008-07-21 00:00:00

EXACTLY 39 years back on July 21 in 1969 at 8:56 in the morning, Bangladesh (then East Pakistan) Time (02:56 UTC), Neil Alden Armstrong alighted on the moon's surface his footstep, first as a human being, and spoke his famous...

The fallacy of the 'choice agenda'

Samuel Brittan | 2008-07-21 00:00:00

Whenever a particular idea appears to have captured the centre ground of politics it is time to look at it with a beady eye. This applies now to what is sometimes called the "choice agenda". The idea is that core...

A business-like approach to the political product

Michael Skapinker | 2008-07-21 00:00:00

WHAT can business teach politicians about ethics? Absolutely nothing, was the answer at a recent discussion on the subject. What about the other way around: can politicians teach business anything about ethics? Do not be ridiculous, came the reply.The curious...

science briefing

Alan CaneFT Syndication Service | 2008-07-21 00:00:00

Cellular chemical functions probedThe role of the hereditary chemical DNA in providing a blueprint for the proteins that a cell needs to regulate its activities is well understood. But scientists are discovering new functions for another important cellular chemical, RNA,...

Is tight monetary policy the solution?

Mohammad Ali Sattar | 2008-07-21 00:00:00

Thomas R Rumbaugh, adviser to the Asia and Pacific Department of the International Monetary Fund (IMF), had some positives about the Bangladesh economy. While wrapping up his team's visit to Dhaka last week, he spoke at length with the press....

Developing capacities for academic creativity

M A Islam | 2008-07-20 00:00:00

Plagiarism, as is refered in wikipedia, is "the unauthorized use or close imitation of the language and thoughts of another author and the representation of them as one's own original work".Plagiarism is considered as one of the most severe crimes...

IPO Diary

First Security Bank Limited | 2008-07-20 00:00:00

Nature of BusinessBankingSubscription OpenJuly 20, 2008Subscription CloseJuly 24, 2008For Non Resident Bangladeshi(s)July 20, 2008 to August 02, 2008Offer Price (Tk.)100.00Face Value (Tk.)100.00Market lot (Share)50Sponsors Portion (Share)11,500,000Public Offer (Share)11,500,000Total Issued Shares23,000,000Total Paid up Capital (after IPO)2,300,000,000Reason for IPO:To strengthen the capital...

Businesses worried over move to close shops on Thursday, Friday

Mahmuda Shaolin | 2008-07-20 00:00:00

Shop-owners in the city are worried about the government's recent move to enforce a labour law that makes mandatory for them to keep their shops closed half-day on every Thursday and full-day on every Friday.The Department of Mills, Factories and...

Why not Asian Union

Jahangir Bin Alam | 2008-07-20 00:00:00

In today's globalised world no country - be it developed, developing, least or underdeveloped, big or small, can afford to live in isolation if it wants prosperity and good for its people. It is neither prudent nor desirable. Countries of...

Global links help talent pool flourish

Sumathi Bala | 2008-07-20 00:00:00

LINDA Kreitzman, executive director for the masters' in financial engineering (MFE) at the University of California at Berkeley, says a few years ago she was contacted by the Monetary Authority of Singapore (MAS), the city-state's de facto central bank, to...

Why dollar is right out in front of 'ugly parade'

Neil Dennis and | 2008-07-20 00:00:00

Sarah O'ConnorFT Syndication ServiceThe fallout from the US rescue plan for Fannie Mae and Freddie Mac has sent dollar bulls scuttling for cover while raising the question: how much more pain can the battered US currency take?Relief over the Treasury's...

A test of India's confidence

Joe Leahy | 2008-07-20 00:00:00

FT Syndication ServiceNEW DELHI: When Manmohan Singh, India's prime minister, decided early this month to push through a nuclear deal with the US, the response from his erstwhile communist parliamentary allies was immediate and to the point. "That time has...

For a manageable population

Khademul Islam | 2008-07-20 00:00:00

A great deal of publicity was given some years ago to the decreasing population growth rate in Bangladesh, with the world's highest population density. Population growth rate, that was well above 3.0 per cent annually in the seventies, was declining...

Tailored to create a common culture

Della Bradshaw | 2008-07-20 00:00:00

IT was just five years ago that Grant Thornton, the globally recognised accountancy firm, dipped its toes in the water of customised management education. But today David McDonnell, chief executive of Grant Thornton International, is planning a range of programmes...

Tailored to create a common culture

Della Bradshaw | 2008-07-20 00:00:00

IT was just five years ago that Grant Thornton, the globally recognised accountancy firm, dipped its toes in the water of customised management education. But today David McDonnell, chief executive of Grant Thornton International, is planning a range of programmes...

Pillay tipped to become Human Rights HC

From Fazle Rashid | 2008-07-20 00:00:00

NEW YORK, July 19: Navanethem Pillay, a high court judge from South Africa with links to Tamil Nadu in India, is being widely tipped to be nominated to the high profile office of the High Commissioner for Human Rights by...

Don't delay for tomorrow what can be done today

FE Special | 2008-07-20 00:00:00

Procrastination is delaying any task which can be done now or today, another meaning is taking longer time to complete a task than is required. As is described in Wikipedia-procrastination is'deferment of actions or tasks to a later time'.It is...

Private sector needs some public spirit

Luke Johnson | 2008-07-20 00:00:00

I was delighted to see the unspeakable Ken Livingstone defeated in the London mayoral elections. He debased the office he occupied, and sent a toxic message to wealth creators. But his replacement, my namesake Boris Johnson, will have a hard...

NBR plans to be flexible in income assessment

Naim-Ul-Karim | 2008-07-20 00:00:00

Back from SavarThe government's revenue board that expects to collect a record Tk 545 billion in 2008-9 fiscal year from internal sources will show optimum flexibility in assessment of income statements of self-motivated tax payers, said the chief of the...

Why companies and campaigners collaborate

Michael Skapinker | 2008-07-19 00:00:00

IN October 1997 John Browne, then chief executive of BP, told a conference of Greenpeace activists what a pleasure it was to be occupying one of their platforms instead of the usual practice of their occupying his."We have a close...

Bangladesh's microcredit good example to world

Naim-Ul-Karim | 2008-07-19 00:00:00

Microcredit operation that helped to bring changes in the socio-economic life of the people in Bangladesh can be a good example to the rest of the world in setting mechanisms to fight poverty, said chief of Norwegian Nobel Committee Friday.Professor...

Spiralling prices of essentials

Syed Jamaluddin | 2008-07-19 00:00:00

Prices of most daily essentials including rice, lentils, edible oil, eggs, baby food, wheat flour, onions, sugar, beef and vegetables increased further during the past one week due to shortage of supply, mainly caused by heavy monsoon and impact of...

China's finance houses vie to lure workers

Justine Lau | 2008-07-19 00:00:00

This year, Peter Ma., the chairman of China's second largest life insurer, Ping An Insurance, became the target of thousands of angry Chinese, after the company revealed he earned Rmb66.16m ($9.0m) in 2007, nearly three times his pay in 2006.Although...