Archive for: February 2011

Islami Bank financing militants: Tuku

Ref: Islami Bank spends around eight percent of its profit to finance militants, the home state minister says.

“Bangladesh Bank is looking into the matter … the bank [Islami Bank] will submit its accounts to the home and finance ministries to explain its position,” Shamsul Haque Tuku said on Monday.

The bank would submit its necessary papers to a meeting of the home ministry’s committee on militancy, scheduled to be held on April 7, he said.

Read more →

Final result of 29th BCS exam published 1722 candidates selected for cadres

Ref: The final results of the 29th Bangladesh Civil Service (BCS) examination were published Monday, with 1722 candidates qualifying for various government cadre jobs and another 3340 for non-cadre services.

The results are available on the PSC website www.bpsc.gov.bd

The government recruiting body took one and a half years to give the results. In the meantime, the 30th BCS was held and the candidates are waiting their turn.

Read more →

Market fall triggers demonstrations again: Investors to submit memo to PM Tuesday

Ref: Enraged investors again took to the street in the business-district Motijheel in a protest as both the bourses of the country saw significant fall in price indices on Monday for a fifth consecutive day of trading.

Form the demonstration the investors announced that they would submit a memorandum to the prime minister Tuesday demanding immediate restoration of the market stability.

The benchmark index of Dhaka Stock Exchange, DSE General Index (DGEN) Monday lost 260 points or 4.76 percent to stand at 5203.

Out of 252 issues traded on the day, 213 declined and 30 gained while nine remained unchanged. A total of 1,21,476 shares were traded throughout the day.

Chittagong stocks also marked a sharp fall Sunday, with the CSE Selective Categories Index climbing down to 9477 by shedding 453 points or 4.78 percent. Out of 181 issues traded on the day, 163 declined and 13 gained while six remained unchanged.

Following the fall of share prices at 12 noon, the agitating investors blockaded the road in front of DSE Bhaban, creating traffic congestion on two sides of the main road in the capital.

Some of agitating investors alleged that no decision of the government can create any impact on the stock market now.

Earlier on Sunday that the government directed four nationalised commercial banks (NCBs) and the Investment Corporation of Bangladesh (ICB) to purchase shares from the stock market immediately as an effort to check unrelenting fall in share prices.

Libya exodus `emergency` as Asian workers land in Malta

Ref: The UN refugee agency said a “humanitarian emergency” was underway as thousands fled Libya over the weekend in a mass exodus of foreigners from the strife-torn country by air, land and sea.


The agency said almost 100,000 migrant workers, mostly from Egypt and Tunisia, had fled Libya in the past week and many remained stranded at the Libya-Tunisia border as Libyan customs officers deserted their posts on Sunday.
Read more →

WI 190/2 in 35 ov

Ref: West Indies were 190 for the loss of two wickets after 35 overs in their World Cup match against Netherlands on Monday.

Chris Gayle was batting on 79 with Ramnaresh Sarwan on 13 at Feroz Shah Kotla, Delhi.
Read more →

N'ganj train-truck collision kills 3

Ref: The death toll from the fatal train-truck collision at Pagla in Naryanganj has risen to three as another victim died at Dhaka Medical College Hospital.

Police said the accident took place when a Dhaka-bound local train from Naryanganj collided with a truck around 9.45am on Monday, leaving around 50 people injured.
Read more →

Sub-committee to hear Fakhruddin, Moeen

Ref: A parliamentary sub-committee will take statements from the last caretaker government head and the then military chief on the clashes of army personnel with Dhaka University students in 2007.

The four-member sub-committee, formed in August last year under the parliamentary committee on education ministry, took the decision on Sunday.

Students of Dhaka University locked into clashes with the army on July 20, 2007 on the university sports ground where they had camped out.

Read more →

Libya protesters set up `national council`

Ref: Libyan protest leaders on Sunday established a transitional “national council” in cities seized by anti-regime forces from strongman Moamer Kadhafi, a spokesman said.

“The creation of a national council has been announced in all freed cities of Libya,” Abdel Hafiz Ghoqa told a news conference.

The council is the “face of Libya in the transitional period,” he said, adding that consultations were underway to discuss the composition and duties of the new body.

Read more →

Govt. not to quit even a day before its tenure ends, says Ashraf

Ref: Awami League General Secretary and LGRD Minister Syed Ashraful Islam Sunday categorically said the grand-alliance government would not quit even a day before completing its tenure.

“You did not give up a single day before the end of your tenure,” said Ashraf in a straight reply to BNP’s demand for mid-term election.

He was inaugurating construction work of Syed Nazrul Islam Convention Centre at Mirpur in the capital that stands in memory of the slain national leader, his father.


Read more →

Stock-market opportunists must be punished: says Muhith

Ref: Categorically terming one-lakh new investors in the stock market opportunists, finance minister A M A Muhith Sunday warned of stern action against the speculators for the worst-ever share-market debacle.

“The speculators entered the share market in a bid to manipulate the market at a time when bourses were facing a downfall,“ the finance minister told parliament, visibly to the ire of his own party colleagues in the House.

“Who are they?” he raised such a strange question. “They entered the market to indulge in speculation. They must be punished.”

Read more →