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Speaker to be accorded reception Oct 22

2014-10-12 00:00:00

Speaker Dr Shirin Sharmin Chaudhury will be accorded a reception on October 22 for becoming the first Bangladeshi to be elected as chairperson of the Commonwealth Parliamentary Association (CPA), said Prime Minister Sheikh Hasina on Sunday. "The Speaker will be...

G-20 and global growth

Hasnat Abdul Hye | 2014-10-12 00:00:00

It is axiomatic that global growth depends largely on the powerful association of nations represented by G-20. The group contributes 85 per cent to the global economy and its collective performance is crucial for the overall growth. A 2.0 per...

A spectre of bigger war in the Middle East

Abdur Rahman Chowdhury | 2014-10-12 00:00:00

The United States and its coalition partners began air strikes on Islamic State organisation's (ISIS) positions inside Iraq and Syria. Though Pentagon claims to have inflicted severe damages to enemy forces and equipment, ISIS has successfully advanced close to the...

Banks need to erect firewall for sustainable growth

2014-10-12 00:00:00

The happenings in recent times - beginning from the Hall-Mark loan scam to the latest appointment of an 'observer' for one of the country's 'oldest' large private sector banks (PCBs) - give some disturbing signals about the country's financial sector....

Incentives for economic zones

Shahiduzzman Khan | 2014-10-12 00:00:00

The government is set to allow Chinese and Japanese investors to establish their own economic zones in the country. During her recent visits to China and Japan, Prime Minister Sheikh Hasina discussed the matter with her counterparts threadbare. Now the...

Deviant teachers, hapless students

Shihab Sarkar | 2014-10-12 00:00:00

It sounds so distressing! Of all places in this ill-starred country, it is the University of Dhaka which has finally been made to wear the stigma of sexual harassment -- following unabated recurrence of this abhorrent incident. The most disgusting...

Nobel for Malala and Kailash

2014-10-12 00:00:00

Teenage Malala Yousafzai has been awarded the Nobel peace prize along with Indian children's rights activist Kailash Satyarthi. Malala has become the youngest Nobel prize winner. She is only 17. Both Malala and Kailash were credited with their relentless work...

Super typhoon and Japan

2014-10-12 00:00:00

Media reports on Saturday said a typhoon is heading towards Japan. The typhoon now all set to strike Japan will be hopefully less destructive than last year's typhoon Vong Fong. That vicious storm practically damaged Japan's nuclear power plants success...

Attendance in colleges

2014-10-12 00:00:00

The government has been beating drums about the growing rate of literacy and increase in the percentage of successful candidates in the public examinations. Statistically, the government may be right but where lies the quality of education? Is the government...

Not a death scenario, but renewed prospects for newspapers

Khawaza Main Uddin | 2014-10-12 00:00:00

Most people on earth go with the tide; only a few dare to set new trends by their deeds and sayings. Unsurprisingly, a lot of information technology (IT) enthusiasts and non-journalist academics around the globe hold the view that newspapers...

Prospects of Zinc-enriched BRRI Dhan-62 paddy variety bright

2014-10-12 00:00:00

RAJSHAHI, Oct 11 (BSS):  Brridhan-62, a zinc-enriched paddy variety, has gained popularity among farmers in the region including its vast barind tract during the current transplanted Aman season. The newly innovated paddy variety has opened up a door of enormous...

Modiano wins Nobel in literature

Maswood Alam Khan from Maryland, USA | 2014-10-12 00:00:00

French literary glory in the tradition of Nobel Prize-winners Jean-Paul Sartre and Albert Camus has once again been recognized. Patrick Modiano, a French writer whose sullen, pithy and illusory novels were mostly set during the Nazi occupation of France, won...

Venezuela wants extra OPEC meeting to halt oil-price drop

2014-10-12 00:00:00

CARACAS, Oct 11 (AFP) :  Venezuela will ask for an emergency meeting of OPEC countries to try to halt sliding oil prices, Foreign Minister Rafael Ramirez said Friday. A barrel of Venezuelan crude closed at $82.72 on Friday, a drop...

Brazil beef exports soar on Chinese, Russian demand

2014-10-12 00:00:00

RIO DE JANEIRO, Oct 11 (AFP) : Brazil beef exports jumped seven per cent this year so far, in part due to rising Russian demand as Moscow turned away from US and European sources in retaliation against sanctions, an industry...

Sept inflation likely eased on lower food, fuel costs

2014-10-12 00:00:00

Bangalore, Oct 11 (Reuters) : India's consumer price inflation probably eased for a second straight month in September helped by lower food and fuel costs, a Reuters poll found. While prices were trending lower, analysts said the Reserve Bank of...

Brent oil slumps to four-year low; coffee soars

2014-10-12 00:00:00

LONDON, Oct 11 (AFP): Brent oil prices tumbled this week to a four-year low on plentiful crude supplies and on demand fears arising from global economic uncertainty. Many commodities were hit by grim economic data, particularly from Germany, and after...

Latif also axed from AL Presidium

2014-10-12 00:00:00

Hours after his removal from the cabinet, Awami League Central Working Committee (ALCWC) on Sunday expelled Abdul Latif Siddique from the party presidium for hurting the religious sentiment of Muslims and acting against the party constitution. The unanimous decision came...

OPEC keeps oil demand growth unchanged, as price falls

2014-10-12 00:00:00

VIENNA, Oct 11 (AFP): Oil cartel OPEC kept its world oil demand growth projections unchanged for 2014 and 2015 on Friday, as global economy forecasts remained stable going into next year. The estimates were issued as the price of oil...

Global Commodity Prices

2014-10-12 00:00:00

Some 40,000 expected to find jobs in Malaysia in a year: Officials

Arafat Ara | 2014-10-12 00:00:00

About 40,000 Bangladeshi workers are expected to find jobs in Malaysia within next one year, officials have said on a note of optimism. Of the total, Kula Lumpur is set to recruit 12,000 in its plantation sector in Sarawak state...

Strong dollar weighs on European shrimp orders

Sonia H Moni | 2014-10-12 00:00:00

Frozen food exporters are getting poor orders and low price from the European market for more than last two weeks as a strong dollar added cost to the buyers, an industry leader said. The US dollar hit a new high...

Business leaders to press for a BCIM economic corridor

Talha Bin Habib | 2014-10-12 00:00:00

Business leaders of Bangladesh, China, India and Myanmar (BCIM), during their upcoming meeting in Beijing in December, will press for establishment of an economic corridor for mutual trade and economic benefits, business circles said. "We will participate in the meeting...

News Briefs

2014-10-12 00:00:00

FBCCI hails Speaker The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) congratulated Saturday Speaker of Jatiya Sangsad Dr Shirin Sharmin Chaudhury for being elected chairperson of the executive committee of Commonwealth Parliamentary Association (CPA). "Dr Shirin Sharmin Chaudhury...

\\\'Unfriendly income tax law\\\' makes banks loath to go for SME lending

2014-10-12 00:00:00

An 'unfriendly' income tax law still discourages banks to focus more on SME lending, particularly ensuring their access to collateral-free loan although the small and medium enterprises (SMEs) have demonstrated their great potentials. Former deputy governor of Bangladesh Bank Khondoker...

Hakaluki Haor \\\'largest pet coal storehouse\\\'

2014-10-12 00:00:00

Hakaluki Haor, one of the biggest marsh wetland resources in Asia, is also the country's largest pet coal storehouse with around 112 million tonnes of coal reserve, revealed a recent survey of the Geological Survey of Bangladesh (GSB), reports UNB....

2 hurt as goons trade gunfire in city

2014-10-12 00:00:00

At least two people, including a minor boy, sustained bullet injuries as two rival terrorist groups exchanged gunfire in Suritala under Bangshal Police Station in old Dhaka on Sunday. Locals said the two terrorist gangs -- one led by Wasim...

ASEM to ensure \\\'responsible partnership in growth\\\'

2014-10-12 00:00:00

The Asia-Europe Meeting (ASEM) to be held between October 16 and October 17 in Italy will discuss economic, political and security issues in a bid to strengthen partnership, said a diplomat with the EU delegation to Bangladesh. President of the...

Zambia vies for ITU candidature seat

2014-10-12 00:00:00

LUSAKA, Oct 11 (Xinhua): Zambia has expressed interest to vie for a seat on the International Telecommunications Union (ITU) Council and has since asked for support from African nations, a statement released by the country's telecommunication regulator on Friday said....

Poet Nirmalednu Goon hospitalised

2014-10-12 00:00:00

Eminent poet Nirmalendu Goon was admitted to a city hospital on Sunday night with severe chest pain. He was taken to Labaid Cardiac Hospital around 7pm after he complained of a chest pain, Saifur Rahman Lenin, assistant general manager at...

Import, export resume at Hili Land Port

2014-10-12 00:00:00

RANGPUR, Oct 11 (BSS): Normal import and export activities resumed from today through the Hili Land Port (HLP) under Hakimpur Upazila in Dinajpur after long vacations since September 30, on the occasion of Eid-ul-Azha and Durga Puja. According to the...