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US develops possible alternative to Europe missile sites

2009-08-30 00:00:00

WASHINGTON, Aug 29 (AFP): The US government has developed possible alternative plans for a missile defence shield that could drop proposed missile bases in Poland and the Czech Republic, The New York Times reported Saturday.Citing unnamed administration officials, the newspaper...

Truck bombs kill 16 people in Iraq

2009-08-30 00:00:00

BAGHDAD, Aug 29 (AP): Two truck bombs struck separate communities north of Iraq's capital Saturday, killing at least 16 people in the latest attacks that indicate insurgents are targeting relatively unprotected areas as security forces focus on defending the cities.The...

India PM denies 'fizzle' claim over nuke tests

2009-08-30 00:00:00

NEW DELHI, Aug 29 (AFP): Indian Prime Minister Manmohan Singh dismissed Saturday doubts raised recently about the success of the country's nuclear tests in 1998.Indian nuclear scientist S Santhanam, who was a director for 1998 nuclear test site preparations, has...

Japan opposition win could introduce new uncertainty in US ties

2009-08-30 00:00:00

WASHINGTON, Aug 29 (AP): A projected landslide victory this weekend for Japan's opposition party could introduce new uncertainty into a relationship the United States has long relied on to anchor its security interests in Asia.The Obama administration will be watching...

US shuttle Discovery lifts off

2009-08-30 00:00:00

CAPE CANAVERAL, Aug 29 (AFP): The space shuttle Discovery blasted off from the Kennedy Space Centre on a 13-day mission to help equip the International Space Station.Discovery roared into the dark nighttime Florida sky at 11:59 pm Friday (0359 GMT...

news digest

2009-08-30 00:00:00

New Myanmar clashes leave one deadBEIJING, Aug 29 : Fresh fighting erupted early Saturday in northeastern Myanmar after days of clashes between government troops and ethnic rebels drove tens of thousands of people into China, and a bomb tossed across...

Edward Kennedy never to be consigned to oblivion

2009-08-30 00:00:00

Maswood Alam KhanOn my way to or from Dhaka New Market in Nilkhet, whenever I pass by the Dhaka University campus I can't help but have a glance on the banyan tree in front of the main building of the...

Lending rate reduction

2009-08-30 00:00:00

Mohammad Ataul Hoque LENDING rate is the interest rate at which financial institutes lend money. It constitutes the base from which banks then lend money to the final customers. Prime rate or Prime Lending Rate is a term applied in...

Payments in international trade

2009-08-30 00:00:00

MS SiddiquiLETTER of Credit (LC), introduced to early in the 20th century, continues to play a critical role in international trade. The letters of credit, an important payment mechanism, helps eliminate certain risks. About 60 per cent of payments against...

Value of questioning and answering in the classroom

2009-08-30 00:00:00

M A IslamWHAT a teacher discusses in the class is important for any learner. In the class, students might have some queries in mind. They ask questions to the teacher in the middle of the lecture or at the end...

Folly of concentrating in one or a few courses

2009-08-30 00:00:00

FE SpecialA healthy study habit for a student includes the habit of studying all the subjects regularly, if possible daily or at least once in every two days. Sometimes students might find it difficult to manage time for all the...

Four-wicket Herath leaves Kiwis in a spin

2009-08-30 00:00:00

COLOMBO, Aug 29 (AFP): Left-arm spinner Rangana Herath grabbed four wickets as Sri Lanka pushed New Zealand towards a massive defeat in the second and final cricket Test here on Saturday. The Kiwis, battling for survival after being set an...

Dibyendu lifts United GM chess title

2009-08-30 00:00:00

Grand Master Dibyendu Barua of India lifted the 9th United Insurance and United Leasing Grandmasters Chess Tournament title with a brilliant win against GM Khusnutdinov Rustam of Kazakhstan in the 10th and final round at National Sports Council Tower Auditorium...

BCB announces itinerary of Zimbabwe's tour

2009-08-30 00:00:00

The busy international cricket season kicks off as the Zimbabwean national cricketers are arriving in the city on October 21 on a five-match one-day international tour of Bangladesh.Sri Lanka and India are also scheduled to tour Bangladesh this season besides...

Taekwondo gold winners to be given reception

2009-08-30 00:00:00

Taekwondo players Mizanur Rahman and Rasiul Kabir-who won gold medals in the 5th Korea Open International Taekwondo Championship-will be given a reception today (Sunday), reports BSS.State Minister for Youth and Sports Ahad Ali Sarkar will accord the reception to the...

Barcelona beat Shakhtar 1-0 in Super Cup

2009-08-30 00:00:00

MONACO, Aug 29 (AP): Barcelona substitute Pedro Rodriguez scored the only goal deep into extra time to lead the European Cup champions to a 1-0 victory over UEFA Cup winner Shakhtar Donetsk of Ukraine in the European Super Cup on...

Aktel performs ‘exceptionally well’

2009-08-30 00:00:00

FE ReportAsian mobile operator group Axiata Group saw its profits and revenues rose up to 8 per cent in the second quarter of 2009 ended June 30, Malaysian leading daily Star Online reported. Revenues went up to MR (Malaysian Ringit)...

Southeast Bank opens branch at Barisal

2009-08-30 00:00:00

Southeast Bank Limited has opened its 48th branch at Barisal. Managing Director of the bank Mahbubul Alam inaugurated the branch as the chief guest recently, said a press release. Addressing the inaugural function, the MD highlighted the bank's operational status...

Marico IPO refund warrants, allotment letters to be distributed from Sep 1

2009-08-30 00:00:00

Marico Bangladesh Limited (MBL) Saturday held a lottery for allotment of shares at city’s Bangabandhu International Conference Center (previously known as Bangladesh China Friendship Conference Center).MBL has, through this lottery, allotted 29,97,750 ordinary shares to General Public, NRBs and Mutual...

ICB AMCL announces NAV of two unit funds

2009-08-30 00:00:00

The Investment Corporation of Bangladesh (ICB) Asset Management Company Limited (AMCL), a subsidiary of ICB, has announced net asset value (NAV) of its two unit funds, said a press release.According to the announcement, the total NAV of ICB AMCL Unit...

Citigroup senior executive to arrive today

2009-08-30 00:00:00

FE ReportBecky Lo, Managing Director and Regional Head of Client Delivery, Global Transaction Services, Citi Asia Pacific Region arrives in Dhaka today (Sunday) for a two-day official visit, said a press release.During her visit, she is scheduled to meet with...

Ahsan Kabir Khan new DMD of Prime Finance

2009-08-30 00:00:00

Ahsan Kabir Khan has been promoted to the position of Deputy Managing Director (DMD) of Prime Finance and Investment Limited, said a press release. Prior to his promotion he was the Executive Vice President of the company.Mr Khan joined Prime...

ICSMB re-elects Asad president

2009-08-30 00:00:00

Mr Mohammad Asad Ullah has been re-elected president of the Institute of Chartered Secretaries and Managers of Bangladesh (ICSMB) for the third term, said a press release.The ICSMB at its 123rd meeting re-elected him for 2009-2010 term in the city...

SEDF helps financial sector on energy financing

2009-08-30 00:00:00

FE ReportA team of 12 high-level officials from Bangladesh Bank, leading private banks and financial institutions visited China recently aiming at readying Bangladesh in sustainable energy financing (SEF) through producing energy efficient financial products. China has already proved itself as...

Islami Bank opens 18th SME service centre

2009-08-30 00:00:00

FE ReportIslami Bank Bangladesh Ltd (IBBL) has opened its 18th SME service centre at Akhaura in Brahmanbaria. Chairman of the bank's audit committee Md Shahidul Islam inaugurated the SME service centre Thursday as chief guest. Managing Director of the bank...

Qatar takes stake in top carmaker Volkswagen

2009-08-30 00:00:00

FRANKFURT, Aug 29 (AFP): The Gulf state of Qatar has taken a 6.78-per cent stake in Europe's biggest carmaker Volkswagen as part of a plan to take over around 17 per cent of the company, Volkswagen said Friday.Qatar's investment will...

Asian markets gain

2009-08-30 00:00:00

HONG KONG, Aug 29 (AFP): Asian markets gained Friday as investors shrugged off data showing Japanese unemployment at an all-time high, instead focusing on recovery hopes raised by Wall Street's eight-day winning streak.Tokyo was 0.57 per cent higher despite unemployment...

Apple signs deal for China iPhone launch

2009-08-30 00:00:00

HONG KONG, Aug 29 (AFP): China Unicom and US high-tech giant Apple announced Friday they had reached a multi-year deal to launch the widely popular iPhone in the world's largest mobile market later this year.The announcement marks the iPhone's long-awaited...

Japan's Hitachi, NEC, Casio in phone merger talks

2009-08-30 00:00:00

TOKYO, Aug 29 (AFP): Hitachi Limited, NEC Corporation and Casio Computer Company are in talks about a possible merger of their mobile phone businesses in a bid to improve profitability, reports said Friday.NEC is negotiating to take a stake of...

Air China to increase stake in Cathay

2009-08-30 00:00:00

HONG KONG, Aug 29 (AFP): Air China conceded that it had a long-term ambition to lift its stake in Cathay Pacific for a possible takeover of the Hong Kong airline, a report said Friday.The Chinese flag carrier paid 6.34 billion...