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Business News
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Tuesday, 13 May 2008 |
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REUTERS, BEIJING - China's consumer price inflation clung near a 12-year high in April, and authorities quickly reacted by raising the amount of money banks must keep in reserve, sticking to a tight policy despite weakening global growth.
For authorities who have insisted their priority is to tackle price rises, the quickening of annual inflation to 8.5 percent from 8.3 percent in March will be frustrating, while there is also a glimmer of optimism. |
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Business News
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Tuesday, 13 May 2008 |
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REUTERS, New York - Cablevision Systems Corp sealed a $650 million deal to buy 97 percent of Newsday Media Group from Tribune Co, the companies said on Monday, after Rupert Murdoch's News Corp withdrew its bid.
Cablevision said the deal returns the daily Newsday newspaper to Long Island, New York, ownership after 40 years, and saw opportunities for cross-marketing and advertising with its cable operations based in the same area. |
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Events
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Tuesday, 13 May 2008 |
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The 25th anniversary of the International AIDS Candlelight Memorial will be observed in Chittagong as elsewhere in the world on May 18, 08, says a press release. Multi-sectorial HIV/AIDS Coordination Committee in Chittagong city will observe the event at Engr. Abdul Khaleque Auditorium of Ctg Press Club Building on the day. |
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Metropolitan
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Tuesday, 13 May 2008 |
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Bangladesh Human Rights Forum Ctg accorded a reception to Alhaj Abu Zafar, a social worker of Ctg and Managing Director of Concord International for his being elected as a member of Bangladesh Association of Recruiting Agency(BARA), says a press release. Alhaj Abdul Malek, MD of Sabuj Bangla International and Adviser of HR form in Chittagong greeted him with flowers on the occasion. |
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Editorial
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Tuesday, 13 May 2008 |
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Bangladesh perspective At a time when people are simply reeling under mismanagement in every field from steep prices of essentials and intolerable cost of living during the administration of the caretaker government, we do not understand how the Finance Adviser will tackle what he said social unrest due to hike in oil prices, as he warned weeks ago. It is a harsh reality that oil price has hit the 126-dollar-a- barrel mark. |
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Sports News
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Monday, 12 May 2008 |
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The Premier League is preparing for one of the most dramatic days in the history of the competition, reports BBC. The league title, Uefa Cup placings and the relegation issues will all be decided on the closing weekend of the 2007-08 season. All 10 games will kick off simultaneously on Sunday at 1500 BST. |
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International News
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Monday, 12 May 2008 |
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Boat sinks with first Red Cross aid for Myanmar REUTERS, BANGKOK - The number of people reported missing in the Myanmar cyclone was about 220,000, the United Nations humanitarian agency said on Sunday, warning of environmental damage, violence and mass migration. |
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Country News
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Monday, 12 May 2008 |
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Chief adviser Fakhruddin Ahmed will address the nation Monday evening, two advisers said Sunday, reports bdnews24.com. Local government adviser M Anwarul Iqbal and communications adviser Ghulam Quader told reporters separately at the Secretariat that the interim government head's speech would carry specific directives on lifting the state of emergency, |
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Country News
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Monday, 12 May 2008 |
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Awami League president Sheikh Hasina Sunday reportedly urged senior party leaders from jail to launch a movement to realise the five demands publicised by the party, reports bdnews24.com Hasina's counsel advocate Qamrul Islam having spoken to her after a court hearing conveyed the message to the reporters. |
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Business News
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Monday, 12 May 2008 |
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Bdnews24.com The interim cabinet Sunday approved the Securities and Exchange Amendment Ordinance 2008 that prescribes tougher punishment to companies guilty of violating rules and regulations, a government spokesman said. According to the new law, any company found guilty will face 45-day trade suspension on the capital market and the regulator can extend the punishment by 45 more days. |
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Business News
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Monday, 12 May 2008 |
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Bdnews24.com The chief adviser's special assistant, M Tamim, Sunday stressed keeping up subsidies to farmers despite any hike in fuel prices. "In developing countries, the agriculture sector is given subsidies on diesel. We must give subsidies to the agriculture sector in our country," Tamim told reporters in his office. |
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Business News
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Monday, 12 May 2008 |
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Bdnews24.com India's Tata Group has made it clear that it would not go for any investments in steel if it gets no commitment from the Bangladesh government on uninterrupted gas supply.
"It is as simple as that, if gas is not supplied on a secured basis then we would not go for steel in this country," Allan Roseling, executive director of Tata Sons, promoter of all key companies of the Group, told reporters Sunday after a five-hour closed-door meeting with the Board of Investment (BoI) officials. |
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Country News
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Monday, 12 May 2008 |
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The caretaker government is set to form a local government commission in a bid to shore up the local justice system, LGRD adviser Anwarul Iqbal said Sunday, reports bdnews24.com.
"We are going to establish soon a local government commission in pursuance of the popular demand of wide range of stakeholders including local government representatives, academia and the development partners," the adviser said at a two-day workshop on "strengthening local justice system". |
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Country News
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Monday, 12 May 2008 |
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Bdnews24.com Supreme Court lawyers Sunday decided to boycott the Appellate Division for two hours Thursday in protest against a series of verdicts including the one that prevents courts from granting bail in EPR cases.
The boycott will start at 9.00am, according to a decision taken by the Supreme Court Bar Association at a meeting. |
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Country News
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Monday, 12 May 2008 |
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Bdnews24.com The Awami League Sunday spelled out a firm belief that party chief Sheikh Hasina would be freed from prison.
After a presidium meeting at acting AL president Zillur Rahman's home, acting general secretary Syed Ashraful Islam told reporters that the AL would go to the polls under Hasina's leadership. |
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Country News
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Monday, 12 May 2008 |
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Agency Md Humayun Kabir, currently serving as Bangladesh ambassador to the US, has been appointed non-resident envoy to Brazil, the foreign ministry said in a statement.
Kabir had earlier served as Bangladesh high commissioner in Australia for 2006-07, and as ambassador to Nepal for 2003-06. |
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Business News
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Monday, 12 May 2008 |
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Bdnews24.com Japan has assured Bangladesh of a new loan package as part of its technical assistance to get two power plants going, the finance adviser said Sunday.
"Two organisations of Japan government JICA and Japan Bank for Cooperation (JBIC) will merge in October. From then they would assist Bangladesh," AB Mirza Azizul Islam said to reporters. |
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Country News
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Monday, 12 May 2008 |
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HC writ Bdnews24.com A former BNP lawmaker filed a writ petition Sunday challenging the legality of the redemarcation of electoral constituencies recently carried out by the Election Commission.
Abdul Mannan, former lawmaker for Dhaka-2 (Nababganj) constituency filed the writ with the High Court bench of Justices Syed Mahmud Hossain and Farid Ahmed. |
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Country News
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Monday, 12 May 2008 |
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A Dhaka special court Sunday sentenced former minister Mirza Abbas to eight years in jail for tax dodges, reports bdnews24.com
The verdict also slapped a Tk 57 lakh fine on Abbas and in case of failure to pay, he will serve another year in prison. |
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Country News
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Monday, 12 May 2008 |
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Bdnews24.com A Dhaka court Sunday deferred a hearing on charge-framing in the MiG-29 warplanes graft case against former prime minister Sheikh Hasina to May 19.
Dhaka divisional judge Golam Mortuza Mojumder shifted the date after former army chief Mustafizur Rahman, another accused in the case, failed to attend the hearing because of his illness. |
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