• Tuesday, October 21, 2014

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Meghna to fork out $5m for bicycle plant

Meghna Group, the country's largest bicycle maker and exporter, is set to fork out $5 million to set up a plant to manufacture carbon fibre frames locally. The plant will be set up in collaboration with ADK Technology in Taiwan, who will provide the technology as well as the carbon material for production at Meghna. Once the factory goes into production next year, it will bring down costs by about 15 percent, Mizanur Rahman, chairman of Meghna Group, said. Initially, only carbon...

No respite from rain

Incessant rain, which has caused immense suffering to people all over the country, is likely to continue today in many parts of the country. According to the Met office, the country may face moderate to heavy rain today due to a low still existing over the western side of the Bay of Bengal. The Met office yesterday recorded the highest 262 millimetres of rain in Rangpur till 6:00am while 27 millimetres of rain in Dhaka till 5:00pm. Torrential rain has brought on...

Cops, BGB on high alert

Law enforces have been alerted to any law and order situation across the country ahead of the verdict on appeals in the war crimes case against Jamaat-e-Islami leader Delawar Hossain Sayedee. “Police superintendents of all districts were asked to take effective measures centring on the delivery of the verdict,” Hassan Mahmood Khandker, inspector general of police, told The Daily Star last night. The Supreme Court is set to declare the verdict today on appeals in the case against the 73-year-old Jamaat...

4 kids among six drown across country

An infant drowned in knee-deep water on the floor of his house in the capital's Maniknagar while five more including three minors drowned in Chittagong and Pabna in last two days. Aged about eight months, Sirajul Islam died in the capital around 12:30pm yesterday. He was the only son of rickshaw puller Nayan Sheikh. “It was around noon when I went out of my room to collect clothes which were drying in the sun. My son was lying on the bed...

Dull investment takes toll on GDP growth

Dull investment takes toll on GDP growth

The country may not be able to achieve 7 percent average economic growth in the final two years of the Sixth Five Year Plan due to sluggish investment, a government review report said yesterday. Shamsul Alam, member of general economics division of the planning commission, presented the report on the country's achievements in the...

Impeachment Bill

20-party demo today across the country

The BNP-led 20-party alliance has announced a three-day programme protesting the government's move to restore parliament's authority to impeach judges.   The combine will stage processions and rallies across the country, excluding the capital, today. It will hold these programmes at least at 15 points in the capital tomorrow and also form human chains across the country on August 30. At a press conference yesterday, BNP Joint Secretary General Rizvi Ahmed announced the programmes at the party's Nayapaltan headquarters.   “Although it...

Hot summer brings power cuts again

Hot summer brings power cuts again

The country has been left bone dry and hungry for electricity to cool off due to an alarming drop in rainfall and a mild heat wave sweeping through several districts. The first month of Bangla new year Baishakh, beginning on April 14, ushered in no nor'westers or rainfall in Dhaka. The Met office sees...

Intelligences need coordination

Intelligences need coordination

Strategy analysts yesterday said the country's intelligence agencies had failed to respond appropriately in times of crises on several occasions in the past and called for creation of an apex body to coordinate intelligence efforts. Failures were seen notably during Bangabandhu Sheikh Mujibur Rahman's assassination in 1975, the grenade attack on Sheikh Hasina in...

Foreign aid spending continues to stagger

Foreign aid disbursement target of $3.37 billion for the fiscal year is unlikely to be met after the country dispatched about 47 percent of the sum in the first seven months. Between July last year and January, aid disbursement rose 1.22 percent year-on-year to $1.57 billion. Political unrest in the last three months of 2013 has been blamed for the slow disbursement, according to an official from the Economic Relations Division. Disbursement is directly related to the implementation of projects and the...

Rohingya Discrimination

Report says it is state policy

Report says it is state policy

A report released yesterday alleges that the Myanmar government has in place official policies that deny Rohingya Muslims the same rights as others in the country, including population control measures and restrictions on their movements. Released by Fortify Rights, a Southeast Asia-based human rights organisation, the report also highlights other discriminatory policies applied to...

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