Bangladesh News

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Sep 22nd
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Fuel import from UAE awaits decision PDF Print E-mail
Thursday, 28 February 2008

Staff Correspondent

The advisory council's purchase committee will decide the Energy Division's proposal to import 3.9 lakh tonnes of fuel oils from a company in the United Arab Emirates under a proposed state-to-state agreement.

The division is scheduled to place the proposal before the committee, headed by finance adviser Mirza Azizul Islam, to import 3.3 lakh tonnes of diesel, 20,000 tonnes each of kerosene, jet fuel and octane from the Emirates General Petroleum Corporation, popularly known as Emarat, owned by the federal Emirates government.

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Tata to seal Jaguar, Land Rover buying next week PDF Print E-mail
Thursday, 28 February 2008

Agence France-Presse . Chicago

India's Tata Motors will announce its purchase of luxury British brands Jaguar and Land Rover from struggling US automaker Ford Motor Co on March 5 or 6, industry press reported Monday.

Tata and Ford met with British union leaders last week to resolve final details before drawing up a memorandum of understanding for the sale, Automotive News reported on its website.

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DSE to seek permission for AGM deferment PDF Print E-mail
Thursday, 28 February 2008

Staff Correspondent

The Dhaka Stock Exchange at a board meeting on Tuesday decided that the bourse would seek permission of the Registrar of Joint Stock Companies and Firms for deferral of its annual general meeting, scheduled for March 13, said officials.

'We will seek the deferral so that the bourse could hold the AGM after holding the election to the posts of four directors of the DSE board,' said Salahuddin Ahmed Khan, chief executive officer of the DSE.

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Taiwan plans to develop industrial park in India PDF Print E-mail
Thursday, 28 February 2008

Agence France-Presse . Taipei

The Taiwanese government plans to team up with the island's private sector to jointly develop an industrial zone in India, the economic ministry said Tuesday.

The National Development Fund plans to invest up to 40 per cent in the prospective venture which may have initial capital of one billion Taiwan dollars ($30.86m), the ministry said in a statement.

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Singapore sovereign fund buys Westin Tokyo hotel PDF Print E-mail
Thursday, 28 February 2008

Agence France-Presse . Tokyo

Singapore's sovereign wealth fund has bought the Westin Tokyo hotel from Morgan Stanley and US-based Starwood Capital, the firms said Tuesday, in a deal reportedly worth about 715 million dollars.

The 438-room hotel in Tokyo's Ebisu district will continue to be operated by Starwood Hotels and Resorts under the Westin brand, a joint statement said.

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China's stocks regulator wants fewer share issues PDF Print E-mail
Thursday, 28 February 2008

Agence France-Presse . Shanghai

China's securities regulator has warned listed companies against flooding the markets with shares after the country's main stock index slumped to a seven-month low.

'Refinancing by listed companies is an important function of the capital market ... but it should never become raking in money maliciously,' said a spokesman from the Chinese Securities Regulatory Commission late Monday.

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Asian actors play greater role globally: ECB chief PDF Print E-mail
Thursday, 28 February 2008

Agence France-Presse . Frankfurt

European Central Bank president Jean-Claude Trichet says new players in the Asia-Pacific region are gaining strength in the world economy and are assuming more responsibilities in the global arena.

In a speech late on Monday to the German-Asian Business Circle, Trichet said: 'New players in the Asia-Pacific region are gaining in importance and reaching out to more established players.

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China, NZ to sign FTA in April PDF Print E-mail
Thursday, 28 February 2008

Agence France-Presse . Beijing

The Chinese government said Tuesday that it would sign a free trade agreement with New Zealand in early April, marking the Asian giant's first free trade package to be reached with a developed country.

'The free trade agreement will be signed in early April when prime minister Clark visits China,' a commerce ministry official who was involved in the bilateral negotiations told AFP.

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Thaksin to return to Thailand Thursday: secretary PDF Print E-mail
Thursday, 28 February 2008

BANGKOK, Reuters - Ousted Prime Minister Thaksin Shinawatra will return to Thailand from exile on Thursday to face a corruption charge, his personal secretary said.

He would arrive in Bangkok on a flight from Hong Kong due at 9:40 a.m (0240 GMT), 18 months after he was ousted in a bloodless 2006 coup, she said by telephone from Hong Kong on Wednesday.

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Sharif plans to contest by-elections PDF Print E-mail
Thursday, 28 February 2008

Agence France-Presse . Islamabad

Pakistan's former premier Nawaz Sharif is planning to contest by-elections, his spokesman said Tuesday, which could make him eligible to run for prime minister in the newly-elected government.

His politician brother Shahbaz Sharif will also stand, said Siddiqul Farooq, spokesman for the Pakistan Muslim League-N, which emerged as the second biggest party in last week's parliamentary elections.

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Pakistan arrests militant linked to Benazir attack PDF Print E-mail
Thursday, 28 February 2008

Reuters, Islamabad

Pakistani security forces have arrested an al-Qaeda-linked militant wanted in connection with an assassination attempt on former prime minister Benazir Bhutto hours after she returned from exile in October.

Two-time prime minister Benazir survived the suicide bombing on a procession in Karachi after she arrived home on October 18, but nearly other 140 people were killed. Benazir was assassinated in a gun and bomb attack blamed on al-Qaeda-linked militants in the city of Rawalpindi on December 27.

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'Pak vote no threat to region' PDF Print E-mail
Thursday, 28 February 2008

Agence France-Presse . Tokyo

Bangladesh's foreign adviser, Iftekhar Ahmed Chowdhury, on Tuesday welcomed Pakistan's election, rejecting suggestions the defeat of president Pervez Musharraf's allies spelled instability in the sensitive region.

The foreign adviser said the Pakistani polls also had lessons for Bangladesh, where he said the military-backed government was taking its time to ensure eventual elections are smooth.

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Myanmar sets up panel to oversee referendum PDF Print E-mail
Thursday, 28 February 2008

Agence France-Presse . Yangon

Myanmar's military rulers announced late Tuesday they have set up a 45-member commission to oversee a constitutional referendum slated for May, but gave no precise date for the balloting.

State television said a law to govern the referendum had been enacted, but said details on its provision would be released (Wednesday).

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Cell formed to prevent revenue leakage PDF Print E-mail
Thursday, 28 February 2008

Mobile sector

Staff Correspondent

The government has formed a coordination cell to maintain discipline in the mobile phone sector and ensure its revenue earning from the six operators in the country.

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Rangpur pvt medical students on hunger strike PDF Print E-mail
Thursday, 28 February 2008

Our Correspondent

The students of the Northern Private Medical College in Rangpur observed a token hungers strike for five hours to push for their five-point demands.

They also threatened hunger strike for an indefinite period from Wednesday until their demands are met.

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Banks to decide on rate cut Mar 2 PDF Print E-mail
Thursday, 28 February 2008

Staff Correspondent

Banks will finalise their decision on lending rate cut on March 2 and submit their proposals a day after to the Bangladesh Bank, according to a decision taken Tuesday by Bangladesh Association of Banks.

Kazi Mahmud Satter, managing director of City Bank and chairman of Association of Bankers, Bangladesh has been assigned to prepare a draft proposal and place it before a sub-committee on interest rate spread. He will be aided by two other managing directors.

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'Curbing cyber crimes, drug addiction Must to save young Generation' PDF Print E-mail
Thursday, 28 February 2008

UNB, Dhaka

The chief adviser, Fakhruddin Ahmed, has said it is very urgent to get rid of the alarming situation, as cyber crime, drug addiction, terrorism and other serious crimes cast negative impact on a large section of juvenile and youths and often ruin their life.

'So, an ideal and just leadership, and world citizens with humane values are essential… world scout movement can play a pivotal role in this regard,' he said at a scouting award giving function on Tuesday.

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New rules made for nominating examiners, questioners, moderators PDF Print E-mail
Thursday, 28 February 2008

PSC report submitted

UNB, Dhaka

The Public Service Commission has adopted new guidelines and principles for nominating examiners, questioners and moderators to ensure neutrality and transparency in the government-job examination taken by the PSC.

Besides, renowned professionals, including journalists, bankers, and doctors from public and private sectors have also been involved in the process of taking examinations and activities of the PSC.

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Bhola-Lakshmipur ferry service trial begins PDF Print E-mail
Thursday, 28 February 2008

Our Correspondent

Ferry service on the Bhola-Lakshmipur in the River Meghna stars on trial.

The service will be formally inaugurated during the meeting of the council of advisers scheduled for March 5 in Barisal.

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Owners oppose proposed private univ ordinance PDF Print E-mail
Thursday, 28 February 2008

Staff Correspondent

Some private university owners at an exchange of views on Tuesday iterated their demand for revoking the government move to promulgate the Private University Ordinance 2007.

They also demanded that the government should exempt private universities from tax as they are not-for-profit institutions.

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Crime suspect beaten to death in Pabna PDF Print E-mail
Thursday, 28 February 2008

Our Correspondent

A man suspected of stealing electric wire was beaten to death and another was injured at Shalaipur in Pabna Monday night.

The deceased was Nazrul Islam, 35, a resident of Raninagar at Ataikula in the district headquarters.

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