Bangladesh News

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Jun 24th
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Petrobangla launches Road Show ahead of offshore gas bidding PDF Print E-mail
Monday, 31 March 2008

Staff Correspondent

With 90 percent of the economy dependent on gas-based infrastructure and gas consumption rising at 8 percent a year, Bangladesh cannot afford to ignore the overwhelming demand for natural gas in coming years, a special aide to the chief adviser said Sunday.

Addressing a 'Road Show' ahead of this year's offshore bidding process, the CA's special assistant for power, energy and mineral resources, M Tamim, said: "About 8 billion US dollars need to be invested to find and develop the required reserves."

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Govt okays import of four lakh tonnes of rice from India PDF Print E-mail
Monday, 31 March 2008

Agency

The government has agreed to import four lakh tonnes of rice from India at $430 per tonne within 60 days, finance adviser AB Mirza Azizul Islam said Sunday.

The cabinet committee on public purchase gave the approval at a meeting Sunday after a proposal from a visiting Indian delegation tasked to resolve the issue.

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Myanmar frontier guards repatriate 30 Bangladeshis PDF Print E-mail
Monday, 31 March 2008

Agency

The Myanmar border security force handed over 30 Bangladeshi nationals to the Bangladesh Riffles Sunday after they drifted into Myanmar territory with their boat broken down at sea.

Nasaka, the Myanmar border security force, repatriated the group at the Naf River in Teknaf upazila, Cox's Bazar. The Bangladeshi nationals were picked up by members of Nasaka on the Myanmar coast about two months ago.

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Stocks finish up, paced by heavy buying PDF Print E-mail
Monday, 31 March 2008

Agency

Dhaka stocks finished higher Sunday amid investors' heavy buying with turnover and trading volume rising from the previous day. Investors throughout the day were trading mostly in issues of banks, power, pharmaceuticals, cement and mutual funds.

Market watchers termed the day's trading positive as the turnover board witnessed a mixed closing.

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Myanmar team arrives in Dhaka for border redrawing talks PDF Print E-mail
Monday, 31 March 2008

Agency

A 10-member technical team from Myanmar arrived in Dhaka Sunday to discuss the redrawing of sea boundaries between Bangladesh and its Southeast Asian neighbour.

The team will hold talks with Bangladesh experts on maritime delimitation at state guesthouse Padma Monday and Tuesday. Addition foreign secretary MAK Mahmood will lead the 18-member Bangladesh team to the talks.

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Body formed to probe City Centre construction PDF Print E-mail
Monday, 31 March 2008

City Centre crack

Staff Correspondent

Dhaka City Corporation has formed a five member enquiry committee to probe into the fractures that have developed on the outer wall of the under-construction 'City Centre' building in the Motijheel business district.

City Centre—projected to be the country's tallest high-rise on completion—is being raised on land owned by the city corporation.

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Tibetans scuffle with Nepal police, 113 detained PDF Print E-mail
Monday, 31 March 2008

Reuters, KATHMANDU - Nepali police scuffled with Tibetan protesters on Sunday and took at least 113 demonstrators into custody in a continued crackdown on pro-Tibet rallies in the capital.

Kathmandu, studded with Hindu and Buddhist temples, has seen almost daily protests by exiled Tibetans since a deadly riot broke out in the Tibetan capital Lhasa on March 14 followed by demonstrations in other Tibetan areas of China.

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German watchdog eyes $600 bln global bank losses: report PDF Print E-mail
Monday, 31 March 2008

FRANKFURT, Reuters - The financial market crisis could cause losses of up to $600 billion at banks and other financial institutions worldwide, a German magazine reported on Saturday, citing an internal report by German financial watchdog BaFin.

The $600 billion figure represents a worst-case scenario for losses linked to the financial turmoil sparked by the meltdown in the U.S. subprime mortgage market, Der Spiegel magazine said in a story released in advance of publication on Monday.

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Saudi delegates arrive on April 7 PDF Print E-mail
Monday, 31 March 2008

Agency

A high-level Saudi delegation is scheduled to arrive in Dhaka on April 7 to discuss labour issues between the two countries and other bilateral concerns, an adviser said Sunday.

"Issues relating to Bangladeshi nationals working in Saudi Arabia will be a major item on the agenda," foreign affairs adviser Iftekahr Ahmed Chowdhury told reporters in his office.

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Hired drivers for GP go on strike for pay PDF Print E-mail
Monday, 31 March 2008

Staff Correspondent

Some 800 hired drivers for Grameenphone staged a five-hour sit-in Sunday in front of the mobile operator's head office in Gulshan, demanding confirmation of their services and pay hikes.

Gulshan police chief Obaidul Haque told bdnews24.com, "The drivers were observing the sit-in since morning." Driver Golam Jilani, who is on the payroll of another company, told bdnews24.com, "We have been driving GP vehicles for 10 years, but we are not GP staffers.

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Two killed in Nepal mosque bomb attack PDF Print E-mail
Monday, 31 March 2008

REUTERS, KATHMANDU - Two people were killed and two injured when attackers on a motorcycle threw two bombs into a mosque in a town in east Nepal, police said on Sunday.

Authorities imposed a curfew in parts of Biratnagar, 200 km southeast of Kathmandu, on the border with India, after the attack late on Saturday. "Two bombs were hurled at the mosque.

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US car companies go back to black PDF Print E-mail
Monday, 31 March 2008

DETROIT, Reuters - Henry Ford, who created the automotive industry's first mass-market hit with the Model T a century ago, was a proponent of radical simplicity.

In fact, Ford became famous for saying his customers could have the $825 Model T in any color -- so long as it was black. Now, Ford Motor Co and other embattled U.S. automakers are going back to black, embracing the spirit of Ford's notion in response to mounting losses and the risk of a deeper downturn in the United States, the world's largest market for new cars, in 2008.

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Pakistan militants say ready to talk PDF Print E-mail
Monday, 31 March 2008

By Sahibzada Bahauddin

REUTERS, INAYAT KALLAY, Pakistan - The Pakistani Taliban welcomed on Sunday the new government's readiness to negotiate an end to a spreading conflict in Pakistan, but vowed to carry on fighting American forces in neighbouring Afghanistan.

"We're ready for talks and to extend all kinds of cooperation to the government in order to bring peace in the tribal areas," Maulvi Omar, a spokesman for the Tehrik-e-Taliban, told Reuters.

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Bumper Boro harvest likely PDF Print E-mail
Monday, 31 March 2008

While the country is experiencing overheated food prices in the wake of poor aman output and global food shortage, agriculture officials expect that the boro production is likely to hit an all-time high this time if the risk factors do not take their toll on it, reports UNB.

"For the first time, boro paddy was cultivated in all the 64 districts of the country. This is a good sign and we''re expecting a bumper output this time around," Dr Shahidul Islam, director field service wing department of Agricultural Extension Department, told UNB on Saturday.

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Special support of WTO to meet food crisis demanded PDF Print E-mail
Monday, 31 March 2008

Centre for Policy Dialogue (CPD), a think tank, Saturday said Bangladesh must demand special support for net food-importing countries from the World Trade Organization (WTO) to offset the negative pressure of gradual elimination of export subsidies, reports UNB.

"Elimination of export subsidies as well as domestic supports is likely to increase globally, which will negatively affect the net food-importing countries like Bangladesh.

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Tk 85,000cr budget under way PDF Print E-mail
Monday, 31 March 2008

Barisal, Mar 29: Advisor Dr Mirza Azizul Islam disclosed that the caretaker government plans to announce a Tk 85,000-crore budget for the coming fiscal year, accommodating demands of the common man, reports UNB.

He said the coming budget would be prepared in keeping with the demands of the mass people although the present government is not an elected and political government.

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Hasina''s health deteriorates PDF Print E-mail
Monday, 31 March 2008

Condition of detained ailing Awami League esident Sheikh Hasina who is receiving treatment at the Square hospital was not stated ''good'' by her lawyers on Saturday, reports UNB.

Hasina''s top counsel Barrister Shafique Ahmed who met Hasina in the afternoon told UNB that 25percent of her left eye vision has been damaged due to negligence of the concerned authorities.

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AL to observe hunger strike next month PDF Print E-mail
Monday, 31 March 2008

Bangladesh Awami League will stage a daylong mass hunger strike across the country before April 20 to press for its five-point demand that includes announcement of election schedule and release of detained party chief Sheikh Hasina, reports UNB.

Awami League''s planned hunger strike next month is first ever agitation program since the incumbent caretaker government assumed the office on January 12 last year amidst state of emergency.

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Deadly blast in Afghanistan PDF Print E-mail
Monday, 31 March 2008

A bomb explosion near a power plant in southern Afghanistan has killed two employees, police say, reports BBC.

Helmand police chief Mohammad Hussein Andiwal said six people had been hurt in the blast in the Gereshk district of the troubled province.

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Tigress whitewashes HK PDF Print E-mail
Monday, 31 March 2008

Hosts Bangladesh whitewashed Hong Kong in the four-match EBL Women’s ODI series 4-0 beating the tourists by comfortable 115 runs in the 4th and last match at Sher-e-Bangla National Stadium in Mirpur Saturday, reports UNB.

Earlier, Bangladesh took a 1-0 lead beating Hong Kong by eight wickets in the 1st match, took 2-0 lead outplaying the tourists by 109-run in the 2nd match and won the series beating them by 71 runs in the 3rd match, all in the port city of Chittagong.

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Williams sisters, Henin, Blake, Nadal advance PDF Print E-mail
Monday, 31 March 2008

Djokovic, Nalbandian lose in Florida

Novak Djokovic often bounces the ball more than a dozen times before serving, and the tedious ritual may have cost him a match Friday.

The defending champion at the Sony Ericsson Open went into a funk after being warned for taking too much time between points and then blew a third-set lead to lose his opening match.

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