HC vacates 9-year injunction The High Court in a verdict yesterday cleared the way for exploration of oil and gas from the country’s onshore blocks by vacating its nine-year old injunction on such exploration. The court also discharged a 12-year old writ petition that challenged the government move to sign production-sharing contract (PSC) with foreign ... Read more
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Three arbitrators’ hiring discussed
Sea Boundary With India Three arbitrators’ hiring discussed India and Bangladesh yesterday discussed the appointment of three arbitrators to a five-member tribunal, which would deal with the issue of maritime boundary dispute between the two countries. The over-an-hour-long meeting held at the South Block here also discussed the disputes and issues relating to Bangladesh’s approaching ... Read more
Ctg hawkers, traders go berserk
A fresh clash between hawkers and traders left several business establishments and makeshift shops damaged at Reazuddin Bazar and adjoining areas in the port city yesterday. The violent clash that left some 22 people including seven policemen injured forced the Chittagong Metropolitan Police to impose section 144 in and around Reazuddin Bazar, Station Road, New ... Read more
City IT Fair begins: ‘Computerisation needed to curb corruption’
Finance Minister AMA Muhith on Thursday said that computerization of the government activities is very much needed to establish good governance and also to curb corruption in the country. He noted that to fulfill the dream of Digital Bangladesh, digitization process should be ensured in every sphere of life, which would lead to the establishment ... Read more
Post offices to reach money in an hour
The Postal Department is taking preparations for introducing “Mobile Money Order” service in order to facilitate people receiving money at remote areas within an hour. In the first phase, the service would start at 150 post offices under a pilot project, reports BSS. Director-General of Postal Department Mobasher-ur Rahman told the news agency that an ... Read more
Funds galore in bourses
Market watchers worried Dhaka stocks continued their rally on Thursday, sparked by relentless flow of fresh funds, taking the benchmark index closer to 5400-mark. Market analysts said the market is witnessing a frenzy in trading by new investors, which is reminiscent of 1996 bubble and bust. They said a lingering bullish market has attracted an ... Read more
Govt asked to appoint 652 dropped BCS candidates
The High Court on Tuesday asked the government to give jobs within three months to the 652 civil service candidates who passed the 27th BCS examinations in 2005 but were later disqualified. The High Court bench of Justice Miftahuddin Chowdhury and Justice Abu Bakar Siddiqui gave the order after pronouncing judgment on four petitions filed ... Read more
Stocks end lower on GP
Dhaka stocks tumbled yesterday, led by a deep fall in Grameenphone shares, as some investors became unnerved by the regulator’s move to open a probe into the cellphone operator’s trade. Panic sell-offs and profit-taking led GP to lose 8.40 percent to Tk 255. The benchmark DGEN or General Index declined 68.99 points or 1.29 percent ... Read more
Teletalk to offload 25pc shares thru IPO
The posts and telecommunications minister, Razi Uddin Razu, told the parliament on Tuesday that the government had in principle decided to offload 25 per cent of shares of the state-run mobile company Teletalk through initial public offer. ‘The deadline for the initial public offer is yet to be decided,’ the minister said in reply to ... Read more
TK Group opts for GP Business Solutions
Grameenphone Ltd. has signed an agreement with T.K. Group of Industries recently to provide complete communication facilities under its Business Solutions package, says a press release. The agreement was signed by Rafiq Ahmad, executive director of T.K. Group of Industries and Khandaker Omar Farhan, deputy general manager, Direct Sales, Grameenphone, on behalf of their respective
DITF duration extended by week
The duration of the month-long Dhaka International Trade Fair has been extended by a week, said an Export Promotion Bureau notification on Tuesday. The bureau, which has organized the trade event, said it had been requested by local and foreign companies that have participated in the fair and visitors to extend the fair duration. ‘Business ... Read more
Maksons Spinning Mills declares dividend
The 19th meeting of the Board of Directors of Maksons Spinning Mills Ltd. was held on Monday at the Corporate Office of the company in the city’s Uttara area. The Meeting was chaired by its Chairman Abdul Ali in presence of the Managing Director Mohammad Ali Khokon and other Directors of the Board. In the ... Read more
Big debacle in NGO sector
A turmoil is going on in the NGO sector where promising senior executives and active organisers are being subjected to transfer, dismissal or forced retirement. A number of victims told this reporter that the NGO bosses who have been reigning over the NGO affairs for long have opted for such actions fearing a challenge from ... Read more
Saving tigers of Sundarbans
Foresters’ training on tiger conservation launched Department of forest has launched a training programme for foresters as well as people to develop their wildlife conservation skill following the backdrop of extinction of tigers particularly the rare species of Royal Bengal Tiger in the Sundarbans due to human-tiger confrontation. State Minister for Environment and Forest Dr ... Read more
50,000 get pry scholarships
Over 50,000 children across the country have secured scholarships based on marks in the primary education terminal exams. Of them, 19,995 received talent pools category and 30,540 general category scholarships, a primary education department statement said yesterday. Some 18,23,465 students sat the newly introduced primary education terminal exams last
Remove illegal structures on Dhaka rivers by Nov
HC orders government The High Court on Sunday ordered the government to begin a drive in a month to demolish and remove illegal structures on the bank of the four rivers surrounding Dhaka — Balu, Turag, Buriganga and Sitalakhya. The High Court bench of Justice Syed Mahmud Hossain and Justice Quamrul Islam Siddiqui asked the ... Read more
Akheri Munajat today
Four million expected to join Tens of thousands of Muslims braving cold and fog are on way to join the Akheri Munajat today at the Biswa Ijtema ground on the bank of river Turag that has already turned into a human sea. The three-day Biswa Ijtema will conclude with the offering of Akheri Munajat today, ... Read more
Strong local government system imperative to ensure citizens’ rights
Says Justice Muhammad Habibur Rahman The two-day ‘Citizens’ Rights Fair’ kicked off on Friday at Shilpakala Academy in the city organized by an alliance of 57 grassroots development organisations working across the country. Former chief adviser to a caretaker government Justice Muhammad Habibur Rahman inaugurated the fair. There is no alternative other than building a ... Read more
Bishwa Ijtema begins today
40 lakh devotees expected The three-day Bishwa Ijtema, the second largest congregation of the Muslims after hajj, begins today (Friday) on the bank of the River Turag at Tongi in Gazipur district, some 22 kilometres away from the capital Dhaka, amid tight security, reports The Independent. As many as forty lakh devotees from home and ... Read more
GP propels DSE index over historic 5000-mark
For the first time, the stock market reach to a new high with the benchmark index crossing 5,000 points on Thursday following the news of Grameenphone setting up a subsidiary company. The key index of Dhaka Stock Exchange gained 96.62 points, or 1.93 per cent, to close at 5,095.21 on the closing trading day of ... Read more