Govt closes down Amar Desh
The government closed down the daily Amar Desh on Tuesday night after the Dhaka deputy commissioner had cancelled its declaration about 10:00pm on the day.
The cancellation of the declaration came after a daylong drama in which Amar Desh publisher Hasmat
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Govt faces criticism
Cross-section of people including senior citizens, politicians, rights activists, this way, which would have negative consequences on the media as a whole.
Factions Bangladesh Federal Union of Journalists and the Dhaka Union of Journalists on Wednesday a
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US closely watching media situation
The US government is closely monitoring the situation after the closing down of media outlets in Bangladesh.
A spokesperson for the US Embassy in Dhaka said the US is committed to the freedom of press and freedom of expression.
“We view these freedoms a
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Measures underway for open-pit coal mining
The government has taken measures to start open-pit coal mining in the country. As a part of preparatory work, visits by policy-makers to open-pit mining spots abroad, awareness building of residents of the mining areas, arrangements for their alternative
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Fire kills 100 in Old Town
Over 100 people were killed and more than 150 injured in a fire that broke out from a transformer explosion caused by lightning strike and spread to a chemical warehouse and several bordering buildings at Nabab Katara of Nimtali in Old Town of Dhaka Thurs
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Collapsed building death toll hits 25
Search for the dead in the capital’s four-storey building collapse was called off Thursday after rescuers pulled out five more bodies from the debris that took death toll in the ‘man-made tragedy’ to 25.
Army engineers removed debris with cranes and exca
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Govt signs transshipment agreement
The government has signed an agreement to allow Indian goods to be transshipped to Tripura through Bangladesh territory expecting a hefty amount of revenue earnings.
With the agreement coming into operation, Ashuganj would be the second transshipment poi
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Bangladesh: Checking Islamist Extremism in a Pivotal Democracy
Abstract: Bangladesh , the world’s third largest Muslim-majority nation, is facing challenges from violent Islamist groups. The government is cracking down on radical groups and emphasizing the democratic principles of the country’s founding, but radical
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Threat to free press
Cancellation of the declaration of the daily Amar Desh and its consequent closure is an ill-judged step of the government amounting to a threat to the freedom of the press and is not congenial at all to democracy nor is it good for the country’s reputatio
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Letter To The Editor - Congratulations Musa
Climbing up to the height of the Great Mount Everest by the first Bangladeshi, Musa Ibrahim, proves that our youth could make the impossible possible, if they have the goal and determination. It is an inspiring example for the nation, especially for the y
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Letter To The Editor - New design of rickshaw
By now it is apparent that for some years at least, (perhaps decades) a vast majority of Dhakabashis and those in other cities, towns and villages in Bangladesh will have to keep on using the existing millions of rickshaws to go about their daily vocation
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IPDC holds AGM
Industrial Promotion and Development Company of Bangladesh Limited held its 28th annual general meeting in Dhaka on Sunday.
The meeting was presided over by IPDC chairman Dewan Zakir Hussain, also secretary to the industries ministry, said a news release
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S Korea, Japan, China agree to speed up trade accord
South Korea, Japan and China agreed Sunday to speed up an investment accord and research on a trilateral free trade pact.
The announcement came after a summit of South Korean president Lee Myung-Bak, Japanese prime minister Yukio Hatoyama and Chinese pre
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BRAC Bank launches new service
BRAC Bank launched its new product ‘Future Star Account,’ designed to encourage schoolchildren to develop savings habit, at a ceremony held in Dhaka on Sunday. It is a savings account for children below the age of 18, enabling parents to save for their ch
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Remittance crosses $10b
Remittances from expatriate Bangladeshis crossed US$10 billion in the first 11 months of the current fiscal, marking a 14.90 per cent growth over the corresponding period of last fiscal, officials said.
The remittances from Bangladeshi nationals working
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MTB Securities Rajshahi br launched
MTB Securities, stock brokerage arm of Mutual Trust Bank Limited (MTB) opened its Rajshahi branch Monday, said a press release.
Professor Muhammad Nurullah, pro vice-chancellor of the University of Rajshahi, inaugurated the branch as the chief guest.
M
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CAG raises 296 audit objections
The office of Comptroller and Auditor General (CAG) has raised 296 objections involving Tk 15.26 billion in 16 ministries with ministry of finance in the top list.
A total of 18 audit reports for 2005-06 and 2006-07 fiscals were submitted to Prime Minist
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Eastland Insurance rated ‘AA-’
Eastland Insurance Company Ltd has been rated ‘Double A minus’ (AA) by Credit Rating Information Services Limited (CRISL) on the basis of its financials in the year that ended on December 31, 2009.
CRISL President and CEO Muzaffar Ahmed formally handed o
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Capital market institute by August
The government is likely to launch an educational institute on capital market by August aiming at creating skilled professionals for the country’s growing securities market, officials said Monday.
Dearth of skilled and efficient people in the country’s s
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StanChart’s Indian share offering raises $537m
The UK’s Standard Chartered Bank has raised $537m in India, in the first initiative of its type there by a foreign company.
The offering, which closed on Friday, was more than twice oversubscribed.
Standard Chartered sold shares through a method known
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Ovijaan to provide internet knowledge
Nokia’s ‘Ovijaan’ campaign—a programme aimed at providing internet knowledge to the common people, has been able to reach 350 thousand Bangladeshis in 42 districts in its first seven months, Nokia officials said Monday.
Since launching of the programme i
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Climate award announced
The Daily Star and HSBC jointly announced a national award titled “HSBC-The Daily Star Climate Awards” with an objective to encourage individuals and institutions working to face the challenges of climate change.
The awards will be given in four categori
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Uttara Bank okays 50pc stock dividend
The 27th annual general meeting (AGM) of Uttara Bank Limited has approved 50 per cent stock dividend for the year that ended on December 31, ‘09.
The AGM was held in the city Thursday. Chairman of the board of directors of the bank Azharul Islam presided
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NSU Exchanges Views With Leading Journalists
North South University (NSU) organized a view exchanging program with editors of daily newspapers of the country on its Bashundhara campus on May 05, 2010.
The 'Meet the Editor' program was presided over by M. A Kashem, Chairman of the University Foundat
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Book Launching On Adibashi Weaving At IUB
The Independent University, Bangladesh organized a launching ceremony of the book titled 'Strong Backs Magic Fingers' co-authored by Prof. Niaz Zaman and Manjulika Chakma at the Radius Center, Bay Galleria on May 29, 2010.Dr Justin Lee, Australian High Co
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1,200 MW more power by 2011
The process of setting up 1,000MW to 1,200MW quick rental power stations is going on to keep power shortage at a tolerable level in 2010 and 2011.
State Minister for Power, Energy and Mineral Resources Mohammad Enamul Haque said this in the House yesterd
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Petrobangla capacity to be strengthened
The government has decided to strengthen working capacity of state-owned Petrobangla by recruiting manpower for key positions to face the challenges in the country’s energy sector, officials said Thursday.
The energy ministry has asked Petrobangla Thursd
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Barreling toward peak oil
The amount of oil consumed in the world is unbelievable -- 85 million barrels a day. And we are not making more of it.
People throw around the term “peak oil,” but that doesn’t mean the system will run out of oil. It means the amount of oil you’re gainin
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ADB gives $266m loan to improve gas supply
Bangladesh will get loans worth US$ 266 million from the Asian Development Bank (ADB) for improving natural gas supply situation to boost the country’s economic growth and cut poverty.
The government Thursday signed the loan agreement with the Manila-bas
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Facebook “clickjacking” spreads across site
Hundreds of thousands of Facebook users are falling victim to so-called “clickjacking” attacks, warn web security labs.
Facebook members see links to subjects such as “World Cup 2010 in HD” or “Justin Bieber’s phone number” that their friends appear to
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BP reaches key ‘milestone’ in halting Gulf oil leak
Oil company BP says it has cut a ruptured pipe from the leaking Gulf of Mexico oil well, a key step in the latest effort to cap the well.
BP chief Tony Hayward hailed it as an “important milestone” and said BP could know within the next 12 to 24 hours i
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Dubai World agrees debt deal with key banks
Dubai World, the state-owned investment vehicle, says it has reached an agreement “in principle” with most of its bank lenders to restructure debt worth $23.5bn (£16.4bn).
It added it would be left with debts of $14.4bn after the restructuring.
But th
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PPP likely to get Tk 30b allocation in budget
In a determined move to rejuvenate public private partnership (PPP) activities, more than 3000 crore taka is likely to be allocated in the upcoming budget to carry forward the progress under the PPP.
In the current budget (2009-10), PPP concept in the im
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Ctg Port to remain open on Saturdays
Shipping activities in the Chittagong Port will remain operational on Saturdays with immediate effect, port official said on Thursday.
The decision came in response to demands made by the trade bodies to improve the present deteriorating cargo handling s
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Indian economy sees 'strong' growth
India's economy grew at an annual rate of 8.6% in the three months to March, largely thanks to growth in manufacturing, official data has shown.
That marked an increase on the 6.5% growth seen in the previous quarter.
Analysts say the figures from the
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BB announces 5-yr action plan
The Bangladesh Bank for the first time announced its five-year strategic action plan on Sunday aiming at achieving inclusive economic growth through jobs creation and poverty alleviation.
The bank announced the strategic plan in a programme where it lau
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US debt tops $13 trillion
US debt has reached $13 trillion for the first time in history, the treasury department has said, stoking a political furore over government spending.
Amid vast government outlays designed to end the economic crisis, the debt reached a record $13,050,826
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G20 aims to reduce red ink and keep recovery on track
Disagreements over how quickly to reduce billowing budget deficits and restore balance to the global economy risk straining high-level Group of 20 talks that started on Thursday.
A plunge in the euro and in global stock markets, triggered by fears that G
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Machine-readable passport launched
The prime minister, Sheikh Hasina, on Wednesday launched machine readable passports and visas at the Osmani Memorial Hall in Dhaka.
The prime minister said the introduction of MRP and MRV would put an end to tempering passport and visa as well as harassm
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2 cos get SEC show-cause notices
The securities regulator has sent show-cause notices to another two companies for non-compliance of securities laws in giving margin loans and netting facilities.
The show-cause notices were issued after inspection conducted by the Securities and Exchang
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US economic growth continuing
Data released on Thursday has shown that the US economy is continuing to grow, with both factory output and the services sector still expanding.
US factory orders increased 1.2% in April, said the Commerce Department, led by a big rise in orders for com
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India to slamp 40pc duty on sugar import
The Indian government may impose an import tax of at least 40 percent on white sugar to arrest a sharp fall in local prices of the sweetener, industry officials said on Thursday.
India, the world's top consumer of white sugar, had last year withdrawn a 6
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