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Inheritance laws still problem in Bangladesh: Muhith

2011-10-16 00:00:00

FE Report Finance Minister AMA Muhith Saturday said inheritance laws like wrong fatwa and Shariah laws are still problems in Bangladesh to empower the women and ensure equality. "But I am hopeful that in a short period of time the...

Telenor boss meets PM, as row with regulator deepens

2011-10-16 00:00:00

The head of Norway's telecom giant Telenor met Prime Minister Sheikh Hasina Saturday as its subsidiary Grameenphone fights off claims of over US$400 million in "unpaid" revenue, amid an audit dispute with the regulator. Telenor CEO Jon Fredrik Baksaas was...

5th eAsia confce & exhibition to be held in Dhaka Dec 01

2011-10-16 00:00:00

FE Report The 5th annual eAsia 2011 conference and exhibition with the slogan of 'Realising Digital Nation' will take place in Dhaka on December 1 in a bid to reinforce technology in the regions. Prime Minister Sheikh Hasina will inaugurate...

Thousands of shops penalised in consumer-protection drive

2011-10-16 00:00:00

Monira Munni At least 2,572 shops and factories have been penalised for selling date-expired goods and cheating consumers in a nationwide drive against rogue traders by a newly constituted state-run agency, officials said Saturday. The number represents four out of...

DBBL donates Tk 10m for Mainamoti Hospital

2011-10-16 00:00:00

FE Report Dutch-Bangla Bank Limited (DBBL) has donated an amount of Tk 10 million to the Chairman of Governing Body of Mainamoti Cantonment General Hospital, Comilla to expand the existing clinic with operation theater and indoor facilities. It includes 50...

Power supply situation to be eased next year: PDB chief

2011-10-16 00:00:00

Power Development Board (PDB) has claimed that the power supply situation would be eased next year with a number of power plants coming into operation, reports UNB. PDB Chairman ASM Alamgir Kabir stated this while speaking at a roundtable on...

Laptop bazaar getting momentum

2011-10-16 00:00:00

FE Report The ongoing laptop fair at the country's first laptop bazaar is gaining momentum with the increase in visitors and the sale on the third day. The organisers are hopeful that the fair would attract more visitors after the...

110th Canton Fair opens amid bleak export outlook

2011-10-16 00:00:00

BEIJING, Oct 15 (Xinhuanet): The outlook for Chinese exports in the months ahead is not optimistic, despite a strong willingness from global purchasers participating in the Canton Fair, said the ministry of commerce last Thursday. Liu Jianjun, deputy director-general of...

US delays China currency manipulator report

2011-10-16 00:00:00

WASHINGTON, Oct 15 (Reuters): The Treasury Department said Friday it would delay until after key global economic meetings later this year a ruling due Saturday on whether China was manipulating its currency to gain an unfair trade advantage. The decision...

Tata Motors in talks with Myanmar to set up bus-assembly line

2011-10-16 00:00:00

NEW DELHI, Oct 15 (PTI): Tata Motors is in discussions with Myanmar government for setting up a bus-assembly line apart from supply of passenger vehicles to the neighbouring country. The issue came up for discussion between the visiting Myanmar Minister...

S'pore trade confidence falls amid global volatility

2011-10-16 00:00:00

SINGAPORE, Oct 15 (Xinhua): A latest survey showed that Singapore trading firms have suffered the worst drop in the region amid the worsening global economy, though the overall outlook remained positive. The trade confidence index of banking giant HSBC showed...

Japanese automakers hard-hit by flood in Thailand

2011-10-16 00:00:00

BANGKOK, Oct 15 (Xinhua): Two major Japanese automakers, Toyota and Honda, have announced to suspend production in Thailand until next weekend as the flooding situation deteriorates, the Bangkok Post reported Saturday. Toyota, the No 1 automaker in Thailand, said the...

Sri Lanka to host regional trade forum

2011-10-16 00:00:00

COLOMBO, Oct 15 (LBO): Sri Lanka will host the Asia Pacific Trade Facilitation Forum (APTFF), a platform to promote regional trade and share information, Ceylon Chamber of Commerce said. "South Asia is a region that has many benefits to reap...

Safe food a democratic right: Barua

2011-10-16 00:00:00

FE Report Industries Minister Dilip Barua Saturday said a social movement would have to be launched across the country for safe food as it is a democratic and inborn right of the human being. He was addressing as the chief...

US retail sales rise, economy seen accelerating

2011-10-16 00:00:00

WASHINGTON, Oct 15 (Reuters): US retail sales in September grew at the fastest pace in seven months as consumers shook off concerns about a weak stock market and political gridlock, giving a bit more momentum to the economic recovery. The...

International groups vie for acquisition of Polish insurer

2011-10-16 00:00:00

WARSAW, Oct 15 (AFP): Major international groups are vying for the acquisition of Polish insurance company Warta from Belgium's KBC for a sum estimated at between 233 and 350 million euros, a report said Saturday. The Polish financial daily Parkiet,...

Oil prices soar on hopes of resolution to eurozone crisis

2011-10-16 00:00:00

LONDON, Oct 15 (AFP): World oil prices surged this week, in line with a host of other commodities, as sentiment was boosted by hopes of a swift resolution to the long-running sovereign debt crisis in the eurozone. "The oil markets...

Europe strives to convince G20 over debt crisis

2011-10-16 00:00:00

PARIS, Oct 15 (AFP): Europe sought Saturday to convince its G20 partners that it can resolve a debt crisis that is threatening to drag the world economy back into recession as finance chiefs held key talks in Paris. While finance...

Plastic goods exports grow 45pc

2011-10-16 00:00:00

Shah Alam Nur Bangladesh's plastic goods exports rose in the first three months of the current fiscal year, aided by diversified manufacturing, the Export Promotion Bureau (EPB) said. Plastic products shipment surged 45.57 per cent to US$20.19 million in July-September...

US Treasury postpones semi-annual currency report

2011-10-16 00:00:00

WASHINGTON, Oct 15 (Xinhua): The US Treasury Department announced Friday that it will delay the publication of its semi- annual currency report to Congress. The Treasury will "delay publication of the semi-annual Report to Congress on International Economic and Exchange...

China to become 'key market' for world aviation industry

2011-10-16 00:00:00

TOULOUSE, France, Oct 15 (Xinhua): China will take centre stage in the development of the global aviation industry, Airbus President and CEO Thomas Enders said here Friday. The global aviation industry would expand at an annual rate of over 5...

Italian central bank urges reform as public debt falls slightly

2011-10-16 00:00:00

ROME, Oct 15 (Xinhua): The Italian central bank Friday called for the adoption of reform measures in the country to deal with structural defects that block economic growth, as latest figures showed its public debt fell slightly. The Bank of...

US to hold talks with India on investment

2011-10-16 00:00:00

NEW YORK, Oct 15 (Financial Express): Describing India as an "Asian tiger", the Obama administration has said it will soon hold technical discussions with the country on a "next generation" bilateral investment treaty, through which the US aims to attract...

Indian ministry denies to clear $31b dev project

2011-10-16 00:00:00

NEW DELHI, Oct 15 (AFP): India's environment ministry has refused to clear the first phase of construction of a US$31 billion "planned city" in the newest development row to flare in the fast-expanding economy. The Lavasa township project is India's...

Canada moves to update Chinese medicine rules

2011-10-16 00:00:00

VANCOUVER, Oct 15 (AFP): Federal health authorities in Canada have met with practitioners of traditional Chinese medicine as a first step towards modifying regulations covering the sale of imported Chinese herbal remedies. Health Minister Leona Aglukkaq held roundtable talks Friday...

Gaddafi gunmen, government forces clash in Libyan capital

2011-10-16 00:00:00

TRIPOLI, Oct 15 (Reuters): Gunbattles between supporters of deposed leader Muammar Gaddafi and forces of the National Transitional Council (NTC) shook the Libyan capital Friday, raising fears of an insurgency against the country's new rulers. The clashes appeared to be...

Encephalitis kills at least 430 in India

2011-10-16 00:00:00

NEW DELHI, Oct 15 (AFP): At least 430 people, mainly children, have died from an outbreak of encephalitis in a deeply neglected region of the northern Indian state of Uttar Pradesh, officials said Saturday. KP Kushwaha, chief paediatrician at the...

US missile strike kills four militants

2011-10-16 00:00:00

PESHAWAR, Oct 15 (AFP): A US drone strike targeting a militant compound in a Pakistani tribal region killed four rebels in the fourth attack in two days near the Afghan border, security officials said Saturday. The drones fired eight missiles...

Deadly protests erupt in Yemen capital

2011-10-16 00:00:00

SANAA, Oct 15 (BBC): Violent protests against Yemen's President Ali Abdullah Saleh have again erupted in the capital Sanaa, with at least nine demonstrators killed and dozens hurt, doctors and officials say. Tens of thousands marching to the city centre...

Al-Qaeda donates food, money to Somalis

2011-10-16 00:00:00

MOGADISHU, Oct 15 (AFP): Islamist extremist group Al-Qaeda has donated food, money and clothes to Somalia in an apparent publicity push that shows its close ties with the Shebab rebels, a monitoring service said Friday. Citing photos released by the...