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Three RMG guards shot at in city

2009-04-19 00:00:00

Three security guards of a garment factory were shot and wounded in an attack by gun-trotting extortionists in the city's Mirpur area Saturday afternoon, reports UNB.The victims were identified as guard supervisor Abdul Aziz (53) and guards Kawser Parvez (30)...

ICC rejects plea for approval from rebel league

2009-04-19 00:00:00

DUBAI, April 18: The International Cricket Council (ICC) has rejected an application from the rebel Indian Cricket League (ICL) seeking approval for their Twenty20 competition. "The board considered that approval was not appropriate," ICC chief executive Haroon Lorgan told reporters...

Use of remittance money in productive activities

2009-04-19 00:00:00

Remittance income, a vital lifeline of the Bangladesh economy, has recorded a substantial rise in recent years, reaching nearly $9.0 billion in the last fiscal (2007-08). The earning made the country one of the top ten remittance recipient countries in...

'Save Buriganga' plan deserves top priority

2009-04-19 00:00:00

Shahiduzzaman KhanA recent survey found that a polythene stratum measuring about 10 feet in thickness was embedded under a certain stretch of the Buriganga. The river remains terribly polluted from domestic and industrial wastes and the polythene makes it worse,...

Is heavy public spending helping recovery?

2009-04-19 00:00:00

Fazle Rashid in New YorkSOME robust optimists among the analysts say that heavy spending by governments is not only helping to stop the steep and steady downhill slide of the global economy but is also pulling it out of the...

Whitening the black money

2009-04-19 00:00:00

Ruhi MurshedCHAMBER bodies in the country have made specific proposals for enabling the holders of the so-called black money to whiten the same. The Jatiya Sangshad (JS) standing committee that examined the issue, also give a positive nod to this...

Private sector needs a level playing field

2009-04-19 00:00:00

Any sensible person, on surveying the conditions for the private sector in Bangladesh, would realise that the monetary and fiscal policies of the country are yet to be geared up adequately in the interest of its development under the private...

Giving need-based education the highest priority

2009-04-19 00:00:00

A complete overhaul of the education system of Bangladesh is very necessary. The present system produces mainly literates or generalists. They are of no use for the country's development or economic needs. The thrust right from the primary to secondary...

Obsession with recession

2009-04-19 00:00:00

Air Commodore Muhammad Zakiul Islam ndu acsc (Retd)SOME witty cynics have postulated two main principles of Economics. The First principle says: For every economist, there is an equal and opposite economist. Sounds familiar. But whatever be their level and intensity...

First 100 days of the government

2009-04-19 00:00:00

Syed JamaluddinHUNDRED days is too short a time to make any judgment on the performance of a government but preliminary observations can be made about the decisions made by it. We hope that the government will continue its work programme,...

Facilitating power generation in private sector

2009-04-19 00:00:00

Nizam AhmadTHE government is unable to meet the energy demand of the country's population. The country needs a radical energy policy. The best would be for the government to stand back and allow the market's competitive forces to generate power....

Iran jails journalist as US spy

2009-04-19 00:00:00

An Iranian-American journalist branded a US spy has been jailed for eight years by Iran, her lawyer says, reports BBC.Roxana Saberi, 31, was arrested in January and went on trial this week. She worked briefly for the BBC three years...

Obama offers Cuba talks as summit gets under way

2009-04-19 00:00:00

PORT OF SPAIN, April 18 (AFP): US President Barack Obama has seized on an extraordinary overture from Cuba to propose talks aimed at breaking 50 years of hostility between Washington and Havana which was born out of the Cold War.He...

Sri Lanka rejects UN truce appeal

2009-04-19 00:00:00

Sri Lanka has rejected a fresh appeal by the UN to give civilians more time to leave a safe zone in the north-east, the defence secretary says, reports BBC.Only a few hundred civilians used the two-day unilateral government truce with...

'Periods nearly cost me my education'

2009-04-19 00:00:00

Every month, Michelle Barker would miss a couple of days of university because of her period, reports BBC.And every month, for up to 10 days before her period, she would be angry, anxious or depressed.Her attendance got so bad that...

news digest

2009-04-19 00:00:00

Armenian president to visit Russia amid peace drive MOSCOW, April 18: The Armenian president is to visit Moscow next week, the Kremlin announced Saturday, amid intensifying Russian efforts to solve his Caucasus state's longstanding conflict with Azerbaijan. Armenian President Serzh...

Russia gambles control by ending Chechen curbs

2009-04-19 00:00:00

LONDON, April 18 (Reuters): Russia has taken a gamble in giving Chechnya's independent-minded president responsibility for security as this may embolden him to attempt to wrest the province from Moscow's control. Russia has fought Chechen rebels in two wars since...

Somalia's parliament approves Islamic sharia law

2009-04-19 00:00:00

MOGADISHU, April 18, (AFP), Somalia's parliament unanimously approved Saturday a government proposal to introduce Islamic sharia law in the country, parliamentary deputy speaker Osman Elmi Bogore told AFP."There were 340 members at the session and they voted unanimously for the...

Myanmar lowers cyclone warning

2009-04-19 00:00:00

YANGON, April 18, (AFP): Myanmar weather officials Saturday said a cyclone that earlier hit neighbouring Bangladesh had weakened and was unlikely to endanger lives, but maintained a warning to avoid the west coast.State media said the threat from Cyclone Bijli...

Commodity prices enjoy mixed fortunes

2009-04-19 00:00:00

LONDON, Apr 18 (AFP): Commodity markets diverged this week as traders reacted to mixed economic data in China and the United States, which both consume vast amounts of most raw materials. Many dollar-priced commodities were dented by the stronger US...

Initiatives to be taken for establishing Ctg as commercial capital

2009-04-19 00:00:00

Our CorrespondentChittagong, Apr 18: Proper initiatives will be undertaken for establishing Chittagong as a full-fledged commercial capital restoring its previous heritage in trade and commerce under overall supervision of the leaders of Chittagong Chamber of Commerce and Industry (CCCI) and...

Zurich to buy AIG auto unit for $1.9b

2009-04-19 00:00:00

NEW YORK, Apr 18 (Reuters): American International Group Inc agreed to sell its U.S. auto insurance business to Zurich Financial Services for $1.9 billion, marking the largest asset sale by the insurer since its September rescue.Separately, Zurich said on Thursday...

GM needs $5b more government aid 'soon'

2009-04-19 00:00:00

NEW YORK, Apr 18 (AFP): General Motors will need five billion dollars in additional government aid "soon," chief executive Fritz Henderson said Friday in an update on the troubled automaker's restructuring plans. Henderson, who took the helm at GM as...

'Switzerland to act on principle of law on banking issues'

2009-04-19 00:00:00

NEW DELHI, Apr 18 (PTI): In the backdrop of the demand by India's main opposition BJP on bringing back money stashed in banks abroad, Switzerland Friday said it would always play according to the "principle of law" if any request...

Knowledge-based human resources emphasised for Chittagong Port

2009-04-19 00:00:00

Our CorrespondentCHITTAGONG, Apr 18: Training is a must for enhancing professional efficiency and building knowledge-based human resources for the multi-dimensional organisations like Chittagong Port (CP).Chittagong Port Authority (CPA) Member (engineering) Captain Jubayer Ahmad expressed the opinion while speaking at the...

Nokia profit plunges 90pc in first quarter

2009-04-19 00:00:00

HELSINKI, Apr 18 (AP): Nokia Corp. said Thursday profits plummeted 90 per cent in the first quarter because of fading demand for mobile phones amid the world economic downturn but its shares surged, because analysts had expected an even gloomier...

China hauls US to WTO over poultry

2009-04-19 00:00:00

GENEVA, Apr 18 (AFP): China yesterday lodged filed a complaint against the United States at the World Trade Organization over "discriminatory" US legislation against Chinese poultry imports. "China considers that the US ... through Section 727, is in breach of...

Boao confce urges Asian countries to cooperate in financial crisis

2009-04-19 00:00:00

BOAO, Hainan, Apr 18 (Xinhua): The Boao Forum for Asia (BFA) Annual Conference 2009 officially opened here in the scenic Boao town of south China's Hainan Province today, focusing on the role of Asian countries, especially emerging economies in this...

Work hard to maintain healthy growth: Chairman

2009-04-19 00:00:00

All members of Delta Life Insurance Company Limited have been advised to work relentlessly for maintaining a healthy growth in business and company's leading position in the industry in the years to come. Chairman of the board of directors of...

Malaysia says 30,000 jobs lost amid global crisis

2009-04-19 00:00:00

KUALA LUMPUR, Apr 18 (AFP): A Malaysian minister said Thursday that more than 30,000 local and foreign workers had lost their jobs this year amid the global slowdown.Deputy human resources minister Maznah Mazlan told state news agency Bernama the figure...