Archive for July 8th, 2009
Wednesday, July 8th, 2009The company had been incurring losses for four consecutive years till 2007, producing aluminium panels.Last year its share price dropped as low as Tk 43 while the face value of the share is Tk 100.Then came in a foreign investment fund, offering to pump in a huge amount into the company with a hopeless record.A deal was cut between the aluminium panel producer and the foreign investment fund under which the foreign firm snapped up a huge chunk of shares at a huge premium.The market went crazy with the news. The company's shares worth Tk 43 soon started trading at ...
(read more) Wednesday, July 8th, 2009A glittering gold-plated casket carried Michael Jackson on his final journey yesterday as a worldwide audience in the hundreds of millions paid an emotional farewell to the tragic King of Pop.A day of sombre but star-studded ceremonies for the music superstar got underway shortly after 8:15 am (1515 GMT) as Jackson's family gathered for a private service at a picturesque mortuary in the Hollywood Hills.As the ceremony ended, pallbearers carrying Jackson's golden casket swathed with red flowers emerged and loaded it into a black hearse, under the watchful eye of mourners and around 20 media helicopters hovering overhead.A motorcade of ...
(read more) Wednesday, July 8th, 2009Transparency International Bangladesh (TIB) came under fire in the House yesterday for its report titled 'Parliament Watch 2009' that says Tk 5.41 crore got wasted due to quorum crisis in the inaugural session of the ninth parliament.Taking the floor on a point of order, Chief Whip Abdus Shahid blasted TIB for giving 'false information' on quorum crisis. Treasury bench lawmakers supported his views thumping desks.Prime Minister and Leader of the House Sheikh Hasina was present in the sitting.“TIB undermined the parliament and the nation as well as by giving false information on quorum crisis and wastage of money,” Shahid said.Speaker ...
(read more) Wednesday, July 8th, 2009BNP has announced the new central committee of 'its student wing' Jatiyatabadi Chhatra Dal (JCD) and party chief Khaleda Zia approved five office bearers in violation of political parties' registration laws.None of the five office bearers of the new committee including the president and secretary is eligible to lead JCD as per registration laws since they are not regular students, say legal experts.According to the provisions of the registration laws stipulated in the Representation and the People's Order (RPO), a registered party cannot have any front or affiliated students' organisation.However, students are allowed to form an organisation to run their ...
(read more) Wednesday, July 8th, 2009Environmentalists and academics yesterday called for a greater movement at national and international levels to resist what they said 'India's conspiracy' to construct Tipaimukh dam without sharing information with Bangladesh.They also slammed the government's role in dealing with India about water issues. India has neither ensured water flow in the Ganges as per the Ganges Treaty nor shared information about Tipaimukh Dam, which is sheer violation of the treaty, they said.“India is maintaining top secrecy about the dam, because it is a conspiracy. It knows that people in Bangladesh or India to be affected by the proposed dam will protest ...
(read more) Wednesday, July 8th, 2009Most of the filling stations in the city lack adequate fire safety measures while the government is relaxed about forcing the stations follow safety rules.It is also turning a blind eye to the fact that filling station are being built too close to each other in the capital.Filling station owners, requesting not to be named, said most of the city filling stations do not have adequate safety measures for getting licences from authorities, Bangladesh Petroleum Corporation, Fire Service and Civil Defence Department and the Department of Explosives.An official of fire service and civil defence said a filling station requires several ...
(read more) Wednesday, July 8th, 2009A good number of used-car dealers in the capital are involved in trading stolen cars, Deputy Commissioner (south) of the Detective Branch of Police revealed yesterday.He said some of around 50 carjacking gangs active in the city provide the so-called car showrooms with stolen cars.DC Monirul Islam of DB said some of the carjacking gangs kill the drivers of the vehicles they rob so that law enforcers find it difficult to identify them.DC Monir said, "During the last two-and-a-half years we arrested around 500 carjackers. We are now trying to identify the car dealers involved in trading stolen cars."DB police ...
(read more) Wednesday, July 8th, 2009A parliamentary body yesterday recommended that the House empower the National Human Rights Commission to look into allegations against disciplined forces including the military.The standing committee on the law ministry made a number of other recommendations as well in its scrutiny report on the HR commission bill.It said the commission should be able to seek a report from the government on allegations of human rights violation by a disciplined force.If the rights watchdog finds the report satisfactory, it will not proceed.It will however recommend measures for the government to take on the matter if necessary. In that case, the government ...
(read more) Wednesday, July 8th, 2009A parliamentary body has asked the finance ministry to initiate formation of asset management companies to free the banking system of the huge amount of existing defaulted loans.The parliamentary standing committee on finance ministry came up with the recommendation at a meeting at the Jatiya Sangsad Bhaban yesterday. Bangladesh Bank will issue licences for running such companies, it said."The asset management companies will take over all liabilities of a defaulting organisation in consultation with the bank that lent it money. An asset management company will clear the loan defaulted by an organisation and recover the money from the borrower through ...
(read more) Wednesday, July 8th, 2009Barrister Aminul Haque, one of the powerful ministers of the four-party government, was finally sent to jail yesterday in connection with a graft case in which he was earlier jailed for 10 years in absentia.Aminul, a key patron of banned Jama'atul Mujahideen Bangladesh (JMB) in Rajshahi region during 2004-2005, was also sentenced to 31 years and six months' rigorous imprisonment for aiding and abetting militants.Judge Tanjina Ismail of the Special Judge-6 passed the order sending Aminul to jail after he along with his lawyers appeared before the court to seek bail.The defence submitted three petitions -- one for surrender to ...
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