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Thursday, 12 June 2008 |
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REUTERS, AMSTERDAM- Office supplies company Staples has won its battle to buy Corporate Express after the Dutch firm agreed to a sweetened bid of 1.7 billion euros ($2.65 billion) and ended its own deal with Lyreco. Staples said on Wednesday it was raising its all-cash offer to 9.25 euros per share from the 9.15 euros it announced last week and compared to the 7.25 euros it offered in February. |
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Thursday, 12 June 2008 |
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AP, NEW YORK - Oil prices soared Wednesday as the dollar fell and the Energy Department issued a mixed report on the nation's fuel inventories. At the pump, gas prices rose to a new record over $4.05 a gallon. The department's Energy Information Administration said oil inventories fell more than expected last week, and that gave oil a kick upward. But prices eased back to their pre-report levels as traders read further into the EIA's release and found that supplies of fuel such as gasoline and heating oil rose and demand fell. |
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Tuesday, 10 June 2008 |
Cricinfo.com
Pakistan opened the Kitply Cup with a comprehensive 70-run victory: their 12th straight win equalled the joint second-longest ODI streak. They had won all five in an ODI series against Bangladesh in Pakistan recently, and home advantage didn't make a difference as hosts Bangladesh once again could not match up against a tougher opponent. |
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Tuesday, 10 June 2008 |
AFP, PARIS - Rafael Nadal insists his standing as the world's second best player is accurate, but many who witnessed his French Open humiliation of Roger Federer believe the king's crown sits on the wrong head.
The Spaniard's 6-1, 6-3, 6-0 win took him alongside Bjorn Borg as the only man to achieve four successive Roland Garros titles. |
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Tuesday, 10 June 2008 |
REUTERS, LASHKAR GAH, Afghanistan - An Afghan reporter working for BBC radio has been killed in the southern province of Helmand, Afghan officials said on Sunday.
Abdol Samad Rohani, who worked for BBC radio, reported on a drug-burning ceremony at the airport in Lashkar Gah, Helmand's provincial capital, on Saturday morning, then after lunch left home without saying where he was going, local reporters said. |
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Tuesday, 10 June 2008 |
AP, BEIJING — Beijing has banned fireworks for more than three months this summer as part of a raft of new regulations designed to ensure strict security during the upcoming Olympic Games.
Dealers will be forced to suspend sales in the capital and lock existing stocks in specially designated warehouses from July 1 to Oct. 8, according to an order posted on the Web site of the Beijing Administration of Work Safety. |
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Tuesday, 10 June 2008 |
AP, KARACHI, Pakistan: Thousands of Pakistani activists and lawyers gathered in major cities Monday to kick off a series of protests aimed at pressuring the new government to restore judges fired by President Pervez Musharraf.
The so-called "Long March" is expected to culminate in a rally and prolonged sit-in at the capital, Islamabad, later in the week — another headache for the 2-month-old government, already struggling with Islamic militancy and serious economic problems. |
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Tuesday, 10 June 2008 |
Nobel laureate Muhammad Yunus urged MIT graduates to end global poverty and save the environment, in an address that drew record crowds to the world-renowned institute's 142nd commencement, reports agencies.
"I hope you'll ... make an effort to be remembered not simply as a creative generation but as a socially conscious generation," he said in his commencement address. |
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Tuesday, 10 June 2008 |
Bdnews24.com
Indian High Commissioner Pinak Ranjan Chakravarty called on communications adviser Ghulam Quader Monday, to discuss a number of ongoing problems facing passengers on the Dhaka-Kolkata rail route.
Emerging from the Secretariat the Indian envoy told reporters: "We hope to solve the persisting problems within six months." |
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Tuesday, 10 June 2008 |
A Dhaka court turned down a bail plea for Tarique Rahman, the son of former prime minister Khaleda Zia, in a bribery case relating to the murder of Bashundhara Group director Humayun Kabir Sabbir, reports bdnews24.com.
Tarique was taken to the special court, located in the Jatiya Sangsad Bhaban, shortly before 11 in the morning, but had to return to the hospital where he is currently being held after falling sick during the charge framing proceedings. |
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Tuesday, 10 June 2008 |
The government has decided to continue its tax holiday scheme, to encourage entrepreneurs, for industries to be newly set up between July 1, 2008, and 30 June, 2011, reports bdnews24.com.
The budget for the upcoming fiscal year also announces new sectors to be added under the scheme. |
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Tuesday, 10 June 2008 |
Bdnews24.com
Finance adviser AB Mirza Azizul Islam Monday proposed 20 percent dearness allowance for government employees and pensioners, effective from July 2008.
The adviser also proposed to constitute a Pay Commission to review and recommend a revised pay structure of the employees of government and autonomous bodies at the beginning of the next fiscal year. |
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Tuesday, 10 June 2008 |
The new budget proposes:
• The VAT threshold rises from existing Tk 2,000,000 to Tk 2,400,000.
• At present, tax is deducted at source for house rent exceeding Tk15,000 per month. The limit has been proposed to rise to Tk 20,000. Thanks to the new limit, deduction at source will not be applicable for house rent of up to Tk 20,000. |
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Tuesday, 10 June 2008 |
 This year's budget has encouraging incentives for the Information and Communication Technology sector and gives income tax relief for Small and Medium Enterprises, reports bdnews24.com. In a bid to promote ICT sector, the government has proposed that income generated from software development, data entry, data processing and call centers will be tax free from July 1, 2008 to June 30, 2011. |
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Tuesday, 10 June 2008 |
Bdnews24.com
BNP secretary general Khandaker Delwar Hossain has rejected the national budget proposed for fiscal 2008-09 as illegal.
"The caretaker government did not have the constitutional right to place a budget. It has no right to impose out-of-parliament tax," Delwar told reporters on his NAM flat Monday, shortly after finance adviser AB Mirza Azizul Islam announced the budget. |
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Tuesday, 10 June 2008 |
The Awami League has termed the proposed budget for the upcoming fiscal year a "flight of fancy", although the party conceded it did contain some good elements, reports agency.
"There are some good points in the finance adviser's budget speech, but how it will be implement has to be carefully considered," said AL finance and planning secretary Prof Ali Ashraf in an instant reaction to the budget proposed by finance and planning adviser AB Mirza Azizul Islam. |
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Tuesday, 10 June 2008 |
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In the new budget, the finance adviser has kept scope for individual taxpayers to declare their undeclared legal income, reports agency. |
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Tuesday, 10 June 2008 |
Bdnews24.com
Finance adviser AB Mirza Azizul Islam Monday proposed to allocate Tk 2,000 crore in the next fiscal year to ensure employment of the rural unemployed people.
The money will be spent on a new programme, "100 Days Employment Generation" that would create jobs for 20 lakh unemployed poor for at least 100 days. |
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Tuesday, 10 June 2008 |
Dhanmondi police have returned the passports of detained prime minister Sheikh Hasina, that were seized when she was arrested last year, handing them back to her lawyer Monday, reports agency.
Officer-in-charge of Dhanmondi Police Station Syed Mohsinul Huq handed over three attached passports to Hasina's lawyer Kamrul Islam and her nephew Fazle Noor Taposh. |
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Tuesday, 10 June 2008 |
Bdnews24.com
Four Dhaka courts have exempted Sheikh Hasina from personally appearing in hearings of four separate cases against her, while a Dhaka magistrate also ordered the government Monday to restore the former prime minister's passports, as her lawyers sought to clear a legal path for her treatment overseas. |
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