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GM may increase China production after tariffs, says JPMorgan

2011-12-16 00:00:00

MICHIGAN, Dec 15 (Bloomberg): General Motors Co. (GM) may hasten plans to increase output in China after regulators in the world's largest automobile market said they will impose punitive duties on some vehicles imported from the US. Levies of as...

Bangladesh at 40: Where do we stand environmentally?

2011-12-16 00:00:00

The Durban summit has concluded amidst much debate. Sinking nations like the Maldives have much to complain, but a deal is better than no deal. The fact that global warming is here to stay is an undisputable fact. Some nations...

It is high time we paid back debt to our heroes

2011-12-16 00:00:00

Another 16th of December has arrived. Once more it is time to reflect on what we have achieved in all these 40 years. We fought for our liberation and snatched victory at a great price. This country was built on...

40th Victory Day: Let's start afresh

2011-12-16 00:00:00

On December 16, we are going to celebrate the nation's 40th Victory Day. A day that reminds us of our liberation struggle and the freedom fighters' nine month-long campaign which led to the surrender of the Pakistani occupation forces. We,...

1971: Oppression, repression and repel

2011-12-16 00:00:00

During the great Liberation War of Bangladesh in 1971, I had been serving as Chief Medical Officer in a tea garden named Ruthna Tea Estate. It is situated in Goalbari Union of Kulaura police station in Moulvibazar district. I started...

Completing the nation's victory

2011-12-16 00:00:00

Blessed were all who lived to see the most glorious morning this day 40 years ago when a people in this part of the world emerged victorious as a sovereign nation. But every victory has its price and it was...

Deficit in good governance but hope is not dead

2011-12-16 00:00:00

An oft-repeated anecdote regarding Sonar Bangla goes like this: one foreign friend who used to be an atheist claimed to have become a believer after a few months' working holiday in Bangladesh. 'There must be God !' he declared, 'Or...

Readers are welcome to send Letters to the Editor either by post or on e-mail. All letters should carry names and addresses of the writers, even if they want to use pseudonyms. The Editor is not responsible for opinion expressed in this column. Trials of

2011-12-16 00:00:00

Like any other law abiding citizen of Bangladesh, I am very pleased to know from your esteemed daily that the prosecution of the International War Crimes Tribunal yesterday (Monday) pressed 52 war crimes charges against former Jamaat-e-Islami chief Ghulam Azam,...

Scientists find answer to supernova riddle

2011-12-16 00:00:00

The discovery of a supernova only hours after its explosion has probably solved a long-standing mystery on the origin of the brightest known phenomena in the Universe, scientists reported on December 14. On August 24, scientists witnessed the spectacular eruption...

Private university and higher education

2011-12-16 00:00:00

Private universities now occupy a significant position in the sphere of higher education in Bangladesh. Over the years these institutions moved from being filler in the vacuum created by dearth of seats in public universities. Still private university education is...

Non-resident Bangladeshis and a new horizon for development

2011-12-16 00:00:00

Bangladesh is a country full of prospects. Its locational position in the international map is the principal cause of it. One hundred sixty million lively people and their professional and socio-economic interaction have a great influence on its development. As...

Anna Hazare is back with his demands, but govt drags feet

2011-12-16 00:00:00

India's anti-graft crusader Anna Hazare is back with his demands for tough laws for curbing the alarming menace of corruption in the world's largest democracy; but the government of Prime Minister Dr Manmohan Singh appears to be dragging its feet...

Thoughts on the day my brother Kabir Chowdhury died

2011-12-16 00:00:00

Shamsher Chowdhury The night before, I told my wife and daughter to keep the car available for my use so that I could go meet my brother Kabir Chowdhury this Saturday (December 17) and now the Creator has taken him...

Zardari went to Dubai hospital because of threats: PM

2011-12-16 00:00:00

`Pakistan President Asif Ali Zardari was forced to seek treatment in Dubai because of threats to his life if he attended a Pakistani hospital, Prime Minister Yousuf Raza Gilani said December 14. Speaking in the Senate, the prime minister said...

`Keel laying on oil tankers in Western Marine shipyard

2011-12-16 00:00:00

CHITTAGONG, December 15: Western Marine Shipyard, one of the leading shipbuilders of the country, laid four keels weighing 350 dwt (dead weight tonnage) each to build tankers for Nurjahan Group. Representatives of Nurjahan Group and Germanischer Llyod BD and 13...

GBB Power's IPO subscription put off

2011-12-16 00:00:00

Mohammad Mufazzal The Securities and Exchange Commission (SEC) Thursday postponed the IPO (initial public offering) subscription of GBB Power as the company has not yet fixed its license problem, officials said. Officials said the SEC made the decision after the...

City Bank launches home loan scheme

2011-12-16 00:00:00

FE Report City Bank Limited has made a late move to offer housing loan to its customers whereas many banks and non-banking financial institutions have been providing such loans since long. The bank introduced the loan scheme for its customers...

DSE indices rise, turnover tumbles

2011-12-16 00:00:00

FE Report Dhaka stocks edged higher Thursday amid volatile trading throughout the session with turnover declined significantly, as institutional investors remained inactive in the market. The market opened with a flying note gaining more than 80 points within 10 minutes....

EBL Contact Center opens

2011-12-16 00:00:00

Eastern Bank Ltd. (EBL) Thursday launched 24 hours a week Customer Service Call Centre titled as 'EBL Contact Center', at Gulshan in the city. Existing and potential EBL customers can quickly get answers to all the banking queries from EBL...

Islam-based CSR can ensure human welfare and justice

2011-12-16 00:00:00

FE Report Corporate social responsibility with the true spirit of Islam could ensure human welfare and justice, said businesspersons at a roundtable in the capital Thursday. They said entrepreneurs could play a significant role in this regard as there was...

Ericsson's top predictions for telecom industry

2011-12-16 00:00:00

Ericsson shares its insights on the top telecommunications trends for the market. "Drawing on our regional network experience, global research, internal analysis and external references, we have identified ten key trends for 2012 with regard to devices, networks, applications and...

LG to set up home appliance production unit in Bangladesh

2011-12-16 00:00:00

FE Report Korean LG Electronics has expressed its interest to invest $500 million for establishing a new factory in Bangladesh to manufacture LCD television, refrigerator, air-conditioner and other home appliances. A delegation of LG Electronics, headed by its vice president...

'France likely to face new 'jolts' from debt crisis'

2011-12-16 00:00:00

SAO PAULO, Dec 15 (AFP): Visiting French Prime Minister Francois Fillon said Thursday that his country was likely to face new "jolts" from the eurozone debt crisis amid rumors that it could lose its triple-A debt rating. In a speech...

BRICS asks WTO to fight trade protectionism

2011-12-16 00:00:00

GENEVA, Dec 15 (PTI): The eve of important WTO Ministerial meeting, India along with other BRICS members Wednesday underscored the key role of the World Trade Organisation (WTO) to keep protectionism at bay in the difficult economic environment. The trade...

Eurozone inflation stuck at official 3.0pc in Nov

2011-12-16 00:00:00

BRUSSELS, Dec 15 (AFP): Eurozone inflation hit 3.0 per cent for the third month running in November, the EU said on Thursday with detailed data showing transport, energy and housing were the main upward drivers. The annual rates of price...

Indian rupee hits new record low against dollar

2011-12-16 00:00:00

MUMBAI, Dec 15 (AFP): The Indian rupee continued its downward spiral against the US dollar Thursday, hitting another record low due to concerns over the eurozone debt crisis and weak domestic data. The Indian unit -- Asia's worst performing currency...

Europe could take years to solve debt crisis: Merkel

2011-12-16 00:00:00

BERLIN, Dec 15 (AFP): German Chancellor Angela Merkel said Wednesday it could take Europe years to solve its debt crisis, as growing scepticism about the outcome of last week's EU summit weighed on financial markets. In a speech to the...

Greek PM warns economy to shrink by more than 5.5 per cent in 2011

2011-12-16 00:00:00

ATHENS, Dec 15 (AFP): Greece will chalk up its worst-ever recession this year, Prime Minister Lucas Papademos warned Wednesday, with the contraction in the eurozone member to be greater than the 5.5 per cent forecast. "2011 will be the worst...

Australia PM set for 31pc pay rise

2011-12-16 00:00:00

SYDNEY, Dec 15 (AFP): Australian Prime Minister Julia Gillard hit the jackpot Thursday when she was recommended for a 31 percent pay rise to take her salary to Aus$481,000 (US$476,000)-more than US President Barack Obama. Gillard, whose support in opinion...

Asian Tiger Capital Partners market update on DSE

2011-12-16 00:00:00

The Benchmark General Index DGEN gained more than half a percent on a volatile day of trading. After experiencing sharp sell off on the previous day, based on unsubstantiated rumor about sponsor's writ filing possibility, traders got a grip of...