More than 200 poultry farms have been closed during last two years in Magura district, sending hundreds of people to unemployment. Bird flu, price hike of poultry drugs and feed and fall in the price of poultry birds are the reasons to bring disaster in poultry industry. Alone in 2007, due to severe attack by ... Read more
News
Lending rates still high
Say economists Economists and experts said the central bank initiative to cap the maximum lending rate at 13 per cent is still high as they believe the local commercial banks have the scope to bring it down further. Bangladesh Bank on Tuesday directed the banks to bring their lending rates down except for credit cards ... Read more
Generators take local root
Sales of generators are rising on frequent outages and an electricity shortage in the country with local businesses increasingly getting involved in assembling and making parts of the power devices amid approaching summer. In the last three months, around 11,000 units of generator were sold mainly in Dhaka and Chittagong, marking a rise of 25 ... Read more
World’s cheapest car goes on sale in India
The world’s cheapest car went on sale on Thursday, with dealers and the company behind it confident of strong demand despite a slump in global car sales amid the world economic downturn. Bookings opened for orders of Tata Motors’ 100,000 rupee (2,000 dollars) Nano at dealerships around the country, with a spokesman describing sales as ... Read more
BGMEA seeks buyers’ cooperation
Readymade garment exporters in a parley with international buyers in Dhaka yesterday sought their cooperation in raising the trade volume in the face of global recession. They also bargained with the buyers for more prices of apparel items and export orders so that the country can gain more competitiveness. The buyers nowadays offer the lowest ... Read more
SoBs decide to keep deposit rates unchanged
Four state-owned commercial banks have decided not to reduce their deposit rates rather exert coordinated efforts to help their clients face the ongoing global recession. The decision came from a meeting of the managing directors of the Sonali, Janata, Agrani and Rupali banks at the Sonali Bank auditorium Thursday morning, banking sources said. In contrast ... Read more
DSE proposes tax-free investment of undisclosed money
Dhaka Stock Exchange (DSE) has sought government’s nod to a tax-free investment of undisclosed money in the capital market in order to make it vibrant. Allowing such investment was among the set of proposals the prime bourse leaders placed before the head of government when they met her at her office yesterday. The DSE also ... Read more
Latif Real Estate celebrates 23rd Anniversary
Latif Real Estate Ltd has celebrated its 23rd anniversary on April 01. On the occasion of the founding anniversary, the company arranged a ceremony held its corporate office on the day. The chairman of the organisation Morjina Biswas, Managing Director Ahdul Lalif’ Biswas, Assistant Managing Director and organising Secretary of REHAB Md. Akter Biswas and ... Read more
Heritage sites left in ruins
Years of irregularities and neglect by the authorities concerned have led to damage, destruction and even occupation of priceless archaeological sites across the country, but such persisting loss of national heritage has failed to yield their attention. Whenever the Department of Archaeology takes an initiative for conservation, preservation or restoration of an archaeological site, the ... Read more
BNP plans protests, legal battle
Cancellation of lease of Khaleda’s house slated The Bangladesh Nationalist Party will go for agitation programmes and legal battle against the government’s decision to cancel the lease of Khaleda Zia’s house in the Dhaka cantonment. The party made the decision at an impromptu meeting of its standing committee and available senior leaders in the office ... Read more
Govt cancels lease of Khaleda’s cantonment residence
Govt action canceling Khaleda’s cantt. residence contrary to justice, says Barrister Mahbub The new government cancelled the lease of the much-talked-about cantonment residence of Opposition Leader Khaleda Zia as the house “allocation was not made legally”. A cabinet meeting with Prime Minister Sheikh Hasina in the chair at Bangladesh Secretariat on Wednesday morning took the ... Read more
JCD stages demonstration
Jatiyatabadi Chhatra Dal (JCD), student wing of BNP, yesterday staged demonstration on Dhaka University (DU) campus in protest against the government decision to cancel allotment of Begum Zia’s Cantonment residence. Protesting the government decision, JCD brought out an instant procession that marched on the campus starting from Madhu`s canteen. During the procession, leaders and activists ... Read more
CrPC passage violates constitution: experts
The passage of the Code of Criminal Procedure (Amendment) Act is a violation of the constitution and the Supreme Court verdict in the Masder Hossain case, widely known as the separation of the judiciary case, said judiciary and legal experts on Wednesday. The Bangladesh Judicial Services Association has also expressed its disappointment at the passage ... Read more
Corporate sector might miss good news in next budget: Tax cut unlikely
5 pc cut costs exchequer over Tk 4,000cr The government might go harsh on the country’s corporate sector in the next fiscal budget with the denial of their long-time plea for reducing the corporate taxes, presently ranging up to 45 per cent. Sources in the National Board of Revenue (NBR) said that cuts in corporate ... Read more
Army Probe Report by April 22
Probe report into the brutal and bloody massacre inside Bangladesh Riffles [BDR] headquarters during February 25-26, 2009, done by a team of Bangladesh Army is reported set to be published by April 22. According to several sources, the preview of this much awaited investigation report was already completed last week. A large number of army ... Read more
Newly elected MPs take oath
The newly-elected members of parliament (MPs) in recently held bypolls of Jatiya Sangsad were sworn in yesterday making the House filled with all its 345 seats. The lawmakers of Awami League Sheikh Helaluddin, Nazmul Hasan Papon, Abul Kalam Azad and Zafar Ali, Bangladesh Nationalist Party lawmakers Barrister Jamiruddin Sircar and Barrister Moudud Ahmed, and Jatiya ... Read more
Russia to assist Bangladesh in generating hydropower
A delegation to visit next month for feasibility study Russia is ready to assist Bangladesh in generating hydropower by providing financial and technological supports utilizing river currents to meet the growing demand of electricity. After a meeting with Prime Minister’s Adviser Dr Toufiq-e-Elahi at his Secretariat Office yesterday, Russian Ambassador to Bangladesh Dr Gennady P ... Read more
UZ bill goes against AL poll manifesto
Even a cabinet decision to keep upazilas free of MPs’ influence ignored With the passing of the new upazila parishad bill in the Awami League (AL) majority parliament, the government empowered lawmakers to meddle in the functioning of upazila parishads, burying AL’s electoral pledge of making the parishads self-reliant and autonomous. The government could not ... Read more
The use of compressed natural gas (CNG) in the transport sector has not only reduced carbon emission but also is saving over $800 million worth of petroleum import annually, Petrobangla sources say. However, rapid expansion of CNG delivery network in the last few years has significantly contributed to instability of gas supply pressure in many ... Read more
Amnesty Int’l welcomes UN help in war crime trial
Amnesty International (AI) has welcomed the UN assistance to Bangladesh’s efforts to investigate and prosecute crimes against humanity and other serious violations of humanitarian law during the War of Liberation in 1971. Welcoming the news, the AI said four international war crimes experts, Louis Bickford, Priscilla Hayner, Bogdan Ivanisevic and Alexander Mayer-Rieckh, have been named ... Read more