Bangladesh News

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Aug 21st
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3-day int'l disability confce begins Feb 27 PDF Print E-mail
Tuesday, 26 February 2008

Agency

The third international conference of the Asia Pacific Disability Forum begins in Dhaka on Wednesday.

Chief adviser Fakhruddin Ahmed is expected to inaugurate the 3-day conference at the Bangladesh-China Friendship Conference Centre at 10:00am on the day.

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Six women honoured PDF Print E-mail
Tuesday, 26 February 2008

Contribution to Language Movement

Staff Correspondent

Steps Towards Development, an NGO, on Sunday accorded reception to six women for their contribution to the Language Movement in 1952.

They are Halima Khatun, Pratibha Mutsurdi, Sufia Ahmed, Rawshan Ara Bacchu, late Sofia Khan and Rani Bhattacharya.

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Youth stabbed to death in Ctg One held PDF Print E-mail
Tuesday, 26 February 2008

Staff Reporter

Some miscreants in the guise of friendship reportedly stabbed their friend on Sunday night in Chittagong.

The victim was identified as Mohammd Jamal(18) son of late Abul Mia of 637 Motizarna Fish Market area of the district. Police arrested one Sarwar Hossain (19) in this connection.

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New Committee formed PDF Print E-mail
Tuesday, 26 February 2008

Town Social Service Programme-2

A 15-member Coordination Committee of Town Social Service Programme-2 was formed at an electionof the organization at its Sadarghat office in Chittagong on Saturday last, said a press release.

The top executives elected for the next two years are Mohiuddin Ahmed Chowdhury president, Md. Nazrul Islam, Senior Vice President and Md. Forkan, Vice President respectively.

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Mostafa Hakim Foundation distributes free books in Ctg PDF Print E-mail
Tuesday, 26 February 2008

Alhaj Mostafa-Hakim Welfare Foundation will distribute free books among ten thousand poor meritorious students of the city this year, says a press release As part of the programme, books were given away among poor students of Monsurabad Power Development Board High School under Rampur and North Agrabad Wards on Monday.

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Free eye and circumcision camp at Raozan PDF Print E-mail
Tuesday, 26 February 2008

Helal Sikdar

A day long eye and circumcision camp was organized at North Guzra School under Raozan in Chittagong on February 21, said a press release.

Dr. Faridudul Alam, Director of Metropolitan Hospital inaugurated the function organized jointly by North Guzra Abdus Salam Ideal High School, North Guzra Ideal Village Development Project and Raozan Club.

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Artifacts finally back home PDF Print E-mail
Tuesday, 26 February 2008

The government, which showed overweening arrogance earlier by not heeding the country-wide outcry against the misadventure, finally had to eat humble pie. At any rate, we would commend the government for belatedly realising its mistake and making an effort to limit the damage. We also appreciate the statement by the cultural adviser that if need be the artefacts would be got examined by foreign experts to make sure that they have not been counterfeited. Yet we cannot say that all has ended well.

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No more barriers for ICB Group PDF Print E-mail
Tuesday, 26 February 2008

Buying stake in Oriental Bank

Staff Correspondent

The government has cleared all the barriers for owning the Oriental Bank stake by the Switzerland-based ICB Financial Group Holding.

A finance ministry order issued on Sunday said the government in consultation with the Bangladesh Bank exempted the Oriental Bank from the regulation which stipulates that a company or a person or a family can not own more than 10 per cent shares of any private bank.

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Regulations for micro-credit on cards PDF Print E-mail
Tuesday, 26 February 2008

Staff Correspondent

The Micro-credit Regulatory Authority is going to formulate regulations for the micro-financing organisations to monitor their operations properly.

The MRA has formed a sub-committee on Sunday to prepare a draft of the regulations for micro-credit operations and submit it to the MRA by March 15, said a high official of the Bangladesh Bank after a meeting.

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No polls to DSE directorships PDF Print E-mail
Tuesday, 26 February 2008

All candidatures withdrawn

Staff Correspondent

The DSE directorships polls scheduled for March 9 will not be held as all candidates have withdrawn their candidature, said officials.

'No election will be held on the scheduled date as there is no candidate to contest for the four directorship posts after the withdrawal,' said Salahuddin Ahmed Khan, chief executive officer of the Dhaka Stock Exchange.

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SJIBL opens brokerage house PDF Print E-mail
Tuesday, 26 February 2008

Staff Correspondent

The chairman of the Securities and Exchange Commission, Faruq Ahmad Siddiqi, on Sunday said bigger participation of the financial institutions in the capital market would bring qualitative change in the market.

'In recent times, FIs have shown interest in bigger number to provide capital market services,' he said as chief guest while inaugurating the brokerage house of Shahjalal Islami Bank Ltd through a function held in the Dhaka city.

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Japanese auto sales in Asia to top domestic market PDF Print E-mail
Tuesday, 26 February 2008

Agence France-Presse . Tokyo

Japanese automobile sales in other Asian markets are forecast to reach five million units in 2008, surpassing the domestic market for the first time, a newspaper said Sunday.

Combined domestic sales by eight Japanese automakers shrank six per cent to 4.94 million units in 2007, and they are expecting sales at home to remain almost unchanged from the 2007 level, the Nikkei newspaper said.

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US governors call for including coal in energy debate PDF Print E-mail
Tuesday, 26 February 2008

Associated Press . Washington

US governors pushing alternative energy development are not shying from coal, a major culprit in global warming but also a homegrown energy source and an economic lifeline for many states.

Leaders of coal-rich states say clean-coal technology is a must. Governors from states without coal want more evidence the technology works.

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US banker warns of slower growth PDF Print E-mail
Tuesday, 26 February 2008

Xinhua . Beijing

The US will probably experience slower economic growth rather than a deeper downturn, predicts Federal Reserve Bank of Dallas president Richard Fisher.

The most likely scenario is the US will avoid a 'prolonged period of negative economic growth,' Fisher said in Fort Worth, Texas, without mentioning the term 'recession,' Bloomberg News reported.

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EU to consider sovereign wealth fund voluntary code PDF Print E-mail
Tuesday, 26 February 2008

Reuters . Brussels

The European Commission will consider a code of conduct asking sovereign wealth funds run by countries to stress commercial goals rather than strategic considerations when making investments, an EU official said.

'This is the proposal that members of the college will be asked to adopt' on Wednesday, an European Commission official told Reuters.

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Czech cos struggle to cope with stronger currency PDF Print E-mail
Tuesday, 26 February 2008

Agence France-Presse . Prague

Jiri Suchanek has watched the Czech currency's record breaking start to the year with growing anxiety at one of the country's showcase exporters, agricultural machinery maker Agrostroj Pelhrimov.

The finance director and chief buyer for the family firm employing 1,300 is now trying to re-negotiate some of its contracts to limit the damage caused by the koruna's six per cent rise against the euro so far this year.

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Proteas on course after Bangladesh's dramatic collapse PDF Print E-mail
Monday, 25 February 2008

Sports Correspondent

South Africa were just 27 runs shy of their target at the close of the third day of the first Test after Bangladesh collapsed dramatically to set the visitors to chase 205 to win at Mirpur Sher-e-Bangla National Stadium Sunday.

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Half of voters to sign up by Feb: CEC PDF Print E-mail
Monday, 25 February 2008

Staff Correspondent

Chief election commissioner ATM Shamsul Huda said Sunday that he hoped half of the voting population would be registered by the end of February.

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Interest rate cuts expected on March 3 PDF Print E-mail
Monday, 25 February 2008

Staff Correspondent

Bank owners and executives will sit with the central bank on March 3 to finalise cuts in interest rates on bank loans, officials said Sunday.

Before that, a nine-member committee assigned to work on a common proposal will hold a meeting Tuesday to explore the interests of businessmen, depositors and shareholders to make further steps on the matter.

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Govt to form new price-watch committee PDF Print E-mail
Monday, 25 February 2008

Staff Correspondent

The government is set to form a high-level committee to monitor the prices of essential commodities in the face of spiralling consumer costs, an adviser said Sunday.

"We are anxious about the unstable condition of the market," commerce adviser Hossain Zillur Rahman told reporters in his office.

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HC orders to set up civil and criminal courts in hills districts PDF Print E-mail
Monday, 25 February 2008

Staff Correspondent

The High Court Sunday ordered the government to set up civil and criminal courts in the three hills districts of Rangamati, Khagrachhari and Bandarban.

The HC bench of justices ABM Khairul Haque and Abdul Awal issued the order after Bangladesh Legal Aid and Services Trust and three CHT residents filed a writ petition with the HC in 2006.

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