Sonali, Janata, Agrani banks turn into PLCs: Each share fixed at Taka100

Staff Reporter Fixing the value of each share at Tk 100 three nationalized commercial banks (NCBs)–Sonali, Janata and Agrani banks-were formally made public limited companies (PLC) through the signing of separate “vendor” agreements to this effect yesterday.The NCBs, after necessary gazette notification, will be operated by independent management and board of directors in accordance with [...]

Remand for Tarique rejected

Court Correspondent Two different courts of Dhaka yesterday, rejected two petitions to put BNP’s Senior Joint Secretary General and former Premier Khaleda Zia’s elder son Tarique Rahman on remand for 7 days each. However, if necessary, I0 was permitted to quiz Tarique at the jail gate.In one case Tarique was accused of extortioning Taka one [...]

Cyclone Sidr batters coast: Armed Forces, thousands of volunteers engaged in massive evacuation; 32 lakh people taken to safer places; Govt ready to meet all exigencies

Staff ReporterThe severe cyclone-SIDR hit the country’s coast yesterday evening with a windspeed from 140 to 165 killometres per hour (kph).The cyclone originating in the Bay started pounding the entire south and southwestern coast from Cox’s Bazar to Satkhira districts. The number of the vulnerable people living in the coastline are nearly 1 crore 20 [...]

CA opens BATEXPO-07: Businessmen won’t be harassed unnecessarily

Staff ReporterChief Adviser Dr Fakhruddin Ahmed has said the government is determined to make sure that businessmen don’t have to be victims of unjust harassment in any way. Formally inaugurating the Batexpo 2007–country’s biggest apparel show–he also said that the government is pursuing through diplomatic, business as well as legislative channels for the passage of [...]

Over 700 killed as cyclone wreaks havoc

Death toll may cross 1,000; all communications, utility services snapped; thousands missing; houses, crops, trees destroyed; lakhs homeless Syed Ashfaqul Haque and Julfikar Ali Manik Bangladesh dated with a nightmare as cyclone Sidr ripped through the southwestern coast late Thursday, killing over 700 people and demolishing houses, crops, vegetables and trees alike along its trail [...]

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