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UPDF cadre killed in shootout with RAB

2011-10-22 00:00:00

KHAGRACHHARI, Oct 21 (UNB): A cadre of United People's Democratic Front (UPDF) was killed in a shootout between his cohorts and Rapid Action Battalion (RAB) at Jurgachhari in Laxmichhari Upazila early Friday. One AK-47 rifle, two locally made guns, two...

Boro procurement encourages govt to procure Aman rice

2011-10-22 00:00:00

Yasir WardadThe government will go for Aman rice procurement this year after the success in Boro rice procurement which will end on October 30 with a 0.8 million tonnes collection, officials said. "With the inspiration of Boro rice procurement the...

People are worried and unhappy

2011-10-22 00:00:00

Shamsher Chowdhury While the establishment is upbeat about its many successes, people continue to be burdened by many issues that adversely affect their lives and living. This scribe wrote about some such issues on earlier occasions, also. The present write-up,...

Informal economic activities and criminal acts

2011-10-22 00:00:00

M S SiddiquiCivil society and media in Bangladesh regularly mix up informal economic activities with criminal activities. On the other hand, the country has wholesale methods of whitening black money earned both through informal economic activities and illegal means like...

Spending on mega projects pays dividend

2011-10-22 00:00:00

Syed Ejaz AhsanInfrastructures are considered the foundation for development of any country. A good transport system and infrastructure increases physical mobility, productive and allocation efficiency of resources. If we analyse the economic development of any country, we find that the...

When medicines are more dangerous than the disease

2011-10-22 00:00:00

Nerun YakubMedical ecologists and perceptive health scientists over the past decades have rightly come to see health and disease in the broader context of a total way of life in which social and environmental factors influence both illness and wellness....

Credit rating: Are we aware of?

2011-10-22 00:00:00

Kash Ahsan Sometimes we do borrow money from formal or non-formal sources. It may be from institutes or from individuals. Banks, leasing companies or insurance companies are the main formal sources for borrowing money. Have we thought in which process...

Singapore's Keppel Q3 net beats rivals

2011-10-22 00:00:00

Harry Suhartono of Reuters Singapore's Keppel Corp , the world's largest rig builder, said on Thursday it saw good prospects for its deepwater business and robust global oil demand after it reported a 33 percent rise in third-quarter net profit...

Indo-Pakistan trade ties

2011-10-22 00:00:00

Pakistan's opening up to India, speaking in terms of trade and economic relations, has rightly been termed the marking of 'a small step' for the world trading system but surely 'a giant step' for Islamabad. At a time when Pakistan...

Child labour issue-Bangladesh perspective

2011-10-22 00:00:00

N S M Muzzammel HuqChild labour is considered as exploitative and illegal employment of children at regular and sustained labour. The term child labour is often defined as work that deprives Children of their childhood, their potentials and dignity and...

Addressing the challenges of micro-insurance

2011-10-22 00:00:00

Kazi Md Mortuza Ali concluding a two-part articleLimited overall understanding of insurance, on the part of the poor people, is one of the biggest challenges to selling micro insurance to lower income strata of the society. The poor people need...

GTCL signs three deals to boost gas supplyport

2011-10-22 00:00:00

The state-owned Gas Transmission Company Limited (GTCL) Friday signed three major agreements with two foreign and six local firms to enhance the country's gas supply. The projects on which the agreements were signed are: Installation of compressor stations at Ashuganj...

For the privileged

2011-10-22 00:00:00

Mahmudur RahmanIt's a pity how some of the better and more cheerful pieces of news never make the headlines. Take for example a recent and apparently innocuous decision of the energy regulatory commission. They have announced that the days of...

Lack of action strategy dims 6th 5-yr plan's macroeconomic goalsBEA seminar makes an overview of the plan

2011-10-22 00:00:00

FE ReportEconomists, academics and business people Friday said the Sixth Five Year Plan lacks adequate framework to effectively implement various strategies to achieve some of its macroeconomic goals. Although the plan has set some broad-based economic targets, there is hardly...

Divergent views on Clinton's mission to Pakistan

2011-10-22 00:00:00

Fazle RashidNEW YORK, Oct 21: There have been divergent reports on US Secretary of State's Hillary Clinton's mission to Pakistan. One report said she delivered the starkest warning yet. She said that United States would not hesitate to attack Pakistan...

Yunus denies lobbying WB against Padma Bridge funding

2011-10-22 00:00:00

FE ReportNobel Laureate Professor Muhammad Yunus who is Founder of Grameen Bank and Chairman, Younus Centre, has strongly refuted the allegation, made against him by the government at its highest level, about his "lobbying" the World Bank against funding the...

Proposal to build 3rd port awaiting cabinet body nod

2011-10-22 00:00:00

Jasim Uddin Haroon A proposal to build the country's third seaport in the southern part is awaiting nod from the cabinet body dealing with economic issues, officials said. The government has taken a move to construct the third port at...

Gold bounces as German comments boost euro

2011-10-22 00:00:00

LONDON, Oct 21 (Reuters) - Gold built on its earlier gains on Friday after Germany dispelled some of the doubt brewing among investors about the ability of European leaders to definitively tackle the debt crisis, which cut the dollar's advantage...

McDonald's profit beats expectations

2011-10-22 00:00:00

LOS Angeles, Oct 21 (Reuters): McDonald's Corp reported higher-than-expected quarterly profit, helped by new menu items in the United States and a tiered price menu in Europe that includes premium and lower-priced selections. The world's biggest fast-food chain said third-quarter...

Globat outlook key to be top rate careerist: SL expert

2011-10-22 00:00:00

FE ReportIt requires one to "think global and act accordingly" to catapult to the height of one's career, a Sri Lankan management expert said Friday. "Think world class, feel world class and act world class to have a sustainable and...

Nandan Park launches 5D Motion Chair Theatre

2011-10-22 00:00:00

A special press conference was held at Nandan Park, the largest family amusement center in Bangladesh at Savar on Saturday marking the promotional campaign of the new ride launched at Nandan Park 5D Motion Chair Theatre, said a statement. Masrur...

Ginger, garlic, flour up further ahead of Eid

2011-10-22 00:00:00

FE ReportPrices of ginger, garlic and flour further showed an upward trend while those of other essentials including rice, edible oil and sugar were stable in the city's kitchen markets, traders said Friday. They said shortage of supply against the...

China tells Europe fundamental reforms needed

2011-10-22 00:00:00

BEIJING, Oct 21 (Reuters): Chinese Premier Wen Jiabao urged Europe on Friday to stop its debt crisis spreading across the bloc, warning that fundamental reforms were needed to staunch the euro zone's troubles, in comments made after the two sides...

Renewable energy has brightprospect in country

2011-10-22 00:00:00

Md Mazadul HoqueRenewable energy sector sees a boom following the central bank directive to disburse loan in environment-friendly sector, which will help improve the nagging power situation in the country. Bangladesh Bank (BB) early this year urged the commercial banks...

Demand for rabies vaccines rises 63pc: Study

2011-10-22 00:00:00

FE ReportThe demand for rabies vaccines in the country has surged by more than 63 per cent this year mainly due to awareness about the deadly disease, according to a US-based research organisation. Rabies is a disease caused by a...

EU likely to halt development aid to emerging states

2011-10-22 00:00:00

BRUSSELS, Oct 21 (Reuters): The European Union will likely wind down its aid to developing nations in coming years, as it seeks to focus squeezed resources on the world's neediest countries, the EU's aid commissioner said in an interview. Emerging...

Sri Lankan, Canadian airlines in code share to boost market

2011-10-22 00:00:00

COLOMBO, Oct 21 (Xinhua): The national carrier of Asia's fast growing tourism market, Sri Lankan Airlines and Air Canada have announced a code share agreement to boost travel between the two countries, officials said here in a statement Friday. The...

Pakistan textile exports surge 10.34pc in Q1

2011-10-22 00:00:00

ISLAMABAD, Oct 21 (APP): Pakistan's textile exports surged by 10.34 per cent during the first quarter of the current fiscal year, as compared to the corresponding period of last year. Textile exports during July-September (2011-12) were recorded at $3.191 billion...

FDI in Indonesia rises 15pc in three months

2011-10-22 00:00:00

JAKARTA, Oct 21 (Bloomberg): Indonesia's foreign and domestic investments increased last quarter as companies from Singapore and the US boosted spending. Investment rose 15.3 per cent to 65.4 trillion rupiah (S$9.4 billion) in the three months ended Sept 30 from...

India's Axis Bank opens branch in Colombo

2011-10-22 00:00:00

COLOMBO, Oct 21 (LBO): India's Axis Bank has opened a branch in Sri Lanka's capital Colombo eying the island's growing trade and domestic financing business, the lender said. "The bank's Sri Lanka business will focus on opportunities arising in small...