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RMG unrest blamed on non-compliance

2010-07-23 00:00:00

FE ReportSpeakers at a seminar Thursday blamed non-compliance for one of the major reasons behind the repeated bouts of violence in the country's billion dollars worth garment sector.They said some 70 to 75 per cent apparel factories have met the...

BB takes steps to cut local shipbuilders' 'cost of fund'

2010-07-23 00:00:00

FE ReportBangladesh Bank (BB) Governor Dr Atiur Rahman said the central bank has taken steps to cut the 'cost of fund' for the country's emerging shipbuilding industry to make it competitive in the global market."Bangladesh Bank has already drafted a...

No immediate Fed Reserve plan to infuse more cash into economy

2010-07-23 00:00:00

From Fazle Rashid NEW YORK, July 22: US Federal Reserve has no immediate plans to infuse more cash into the economy, Chairman of the Fed Reserve Ben Bernanke said the American economy is recovering at a modest pace but with...

HC declares valid scrapping lease of plots at Cox's Bazar beach

2010-07-23 00:00:00

The High Court(HC) Thursday declared valid a government action that had scrapped the lease of 39 plots in the hotel-motel zone of Cox's Bazar sea beach allocated during the last BNP-Jamaat alliance rule, reports UNB.Passing the judgment upon several identical...

Biman's flight chaos makes Umrah pilgrims' journey uncertain

2010-07-23 00:00:00

Mashiur RahamanOngoing flight disorder in the state-run Biman has made the journey of thousands of Umrah pilgrims uncertain, diverting them to other airlines, well-placed Biman officials said.This year a total of 15,000 Muslim pilgrims booked seats in Biman Bangladesh Airlines...

Budget session ends

2010-07-23 00:00:00

FE ReportThe second budget session of the ninth parliament ended Thursday after continuing for 33 working days.The parliament session was prorogued after Prime Minister Sheikh Hasina gave her winding up speech. Deputy speaker Shawkat Ali read out the prorogation message...

BB continues to intervene in forex market

2010-07-23 00:00:00

FE Report The central bank continues its intervention in the foreign exchange market through purchase of US dollar from banks directly to keep the market stable, officials said. As part of the operation, the Bangladesh Bank (BB) bought US$2.0 million...

Murali retires with record 800 Test wickets

2010-07-23 00:00:00

GALLE, Sri Lanka, July 22 (AFP): World bowling record-holder Muttiah Muralitharan retired with 800 Test wickets on Thursday as Sri Lanka thumped India by 10 wickets in their first Test.The off-spinner had last man Pragyan Ojha caught at slip by...

Ensure trial of war criminals, demands WPB

2010-07-22 00:00:00

RAJSHAHI, July 21 (BSS): Speakers at a human chain programme here today unequivocally called for immediate trial of the war-criminals under the International War Crimes Tribunal Act and restoration of 1972 Constitution. Local unit of the Workers' Party of Bangladesh...

Trade-related issues to be executed by this year: Faruk

2010-07-22 00:00:00

Admitting slow implementation of trade-related issues under joint communiqué signed by India and Bangladesh, Commerce Minister Faruk Khan Wednesday said that all related issues would be implemented by this year to speed up trade between the countries, reports UNB. "Both...

Drive against old vehicles to continue

2010-07-22 00:00:00

FE ReportThe communications ministry has decided to continue the ongoing drive against old and illegal vehicles in the city according to previous directives.At a meeting Wednesday, it also decided to keep the timing the same for entering goods-carrying age-old trucks,...

Police foils JCD demonstration

2010-07-22 00:00:00

Police foiled a demonstration of Jatiyatabadi Chhatra Dol (JCD), student wing of the BNP, at the city's Muktangon Wednesday afternoon, reports UNB.The JCD announced it would hold a rally at Muktangon on August 1 protesting against the police action.According to...

BD elected APG steering body member

2010-07-22 00:00:00

FE Report Bangladesh has been elected a steering committee member of the Asia Pacific Group on Money Laundering (APG) for 2010-11 term, officials said Sunday. The feat will allow Bangladesh to lead India, Pakistan, Sri Lanka, Afghanistan, Nepal and the...

Barresi carries Netherlands to major victory against Bangladesh

2010-07-22 00:00:00

Netherlands secured their first one-day international victory against a Full Member nation as Wesley Barresi hit a match-winning 65 off 43 balls against Bangladesh in Glasgow after the game was reduced to 30 overs per side. Barresi, playing just his...

Australia humbled for 88 by inspired Pakistan

2010-07-22 00:00:00

Headingley has a history of producing the dramatic and another extraordinary chapter was written as Australia were blown away for a paltry 88 by an inspired Pakistan pace attack after Ricky Ponting had decided to bat first, according to website...

Mariners beat Ajax SC in Premier Hockey League

2010-07-22 00:00:00

Dhaka Mariner Youngs earned a convincing 3-0 victory over Ajax SC in the Green Delta Metropolis Premier Division Hockey League at the Maulana Bhasani National Hockey Stadium Wednesday, reports UNB.After a barren first half, Rahman put Mariners ahead in the...

BFF still uncertain about rolling out Tk 10m Super Cup this year

2010-07-22 00:00:00

Bangladesh Football Federation (BFF) is still uncertain about rolling out the second version of the 10 million (1 crore taka) Super Cup, one of the biggest domestic meets of the country, this year due to major renovation works at the...

India face defeat after Murali bags five

2010-07-22 00:00:00

GALLE, Sri Lanka, July 21 (AFP): Hosts Sri Lanka were well-placed to win the first Test against India after spin wizard Muttiah Muralitharan wreaked havoc in his final match today. The world's leading wicket-taker grabbed 5-63 in the first innings...

Nat'l Sr Boxing begins with 28 matches on first day

2010-07-22 00:00:00

The South East Bank 26th National Senior Boxing Championship began Wednesday at the Mohammad Ali Boxing Stadium in the city with 28 first round matches in four weight categories being held on the opening day, reports UNB.

corporate watch

2010-07-22 00:00:00

Trading of Prime Finance suspended todayTrading of the shares of the company will remain suspended on record date today (Thursday) for changing the face value of shares keeping the market lot unchanged. Prime Life to acquire 50pc stake at Prime...

Yahoo shares dive

2010-07-22 00:00:00

NEW YORK, Jul 21 (AP): Shares of Yahoo Incorporation tumbled in pre-market trading Wednesday after second-quarter results showed tepid revenue growth."Yahoo is still a work in progress," Jefferies & Co. analyst Youssef Squali told investors in a note.Squali still has...

Coca-Cola profits bubble up

2010-07-22 00:00:00

Coca-Cola Company, the world's largest soft-drink maker, posted a 16 per cent increase in second-quarter profit as North American sales volumes climbed for the first time since 2007. Net income rose to $2.37 billion, or $1.02 a share, the company...

Apple forecast beats Wall Street view

2010-07-22 00:00:00

SAN FRANCISCO, July 20 (Reuters): Apple Incorporation gave an unusually upbeat revenue forecast that trounced Wall Street's expectations and eased fears that the "Antennagate" controversy around its iPhone 4's reception would hurt sales, boosting its shares 3 percent.It reported also...

Is confidence in law enforcement eroding?q

2010-07-22 00:00:00

Maswood Alam KhanONE without any political bias may laugh at the explanations of law enforcement agencies as to the mysterious disappearance of people, overzealous actions against political leaders, flouting the convention of remanding, rampant extrajudicial killings, bribing the law enforcers...

A durable economy must include budget responsibility: Obama

2010-07-22 00:00:00

Merle David KellerhalsLEADERS from the world's largest economies pledged to reduce their budget deficits by half by 2013, and President Obama argued that a durable economic recovery must also include fiscal responsibility."In the United States, I've set a goal of...

Hillary announces new US sanctions against N Korea

2010-07-22 00:00:00

SEOUL, July 21 (AP): US Secretary of State Hillary Rodham Clinton announced Wednesday that Washington will impose new sanctions on communist North Korea in a bid to stem the regime's illicit atomic ambitions.Clinton, speaking at a joint news conference in...

China flooding kills over 1000, worst toll in a decade

2010-07-22 00:00:00

BEIJING, July 21 (AP): More than 1,000 people have died or disappeared in severe flooding in China so far this year, and the heaviest rains are still to come, a senior official warned Wednesday.This year's floods, which have caused tens...

Cameron rebuffs US, says no new inquiry on bomber

2010-07-22 00:00:00

WASHINGTON, July 21 (AP): British Prime Minister David Cameron was trying to shift the focus of his US visit to Afghanistan Wednesday, but hard feelings lingered after he turned aside calls for a fresh investigation into whether oil giant BP...

Afghanistan makes promises, but no guarantees

2010-07-22 00:00:00

KABUL, July 21 (AFP): An Afghan pledge to take over national security by 2014 plays into the hands of Western supporters eager to pull their soldiers out of an unpopular war, but there are no guarantees of success.War-weary Western leaders...

Muslims must fight 'blind' US, UK terrorism:Khamenei

2010-07-22 00:00:00

TEHRAN, July 21 (AFP): Supreme leader Ayatollah Ali Khamenei Wednesday called on Muslims to fight the "blind and savage terrorism" fuelled by US and Britain, whom he blamed for deadly bombings of an Iranian mosque."In our region... the blind and...