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Malaysia cuts key interest rate to 2.0 pc

2009-02-25 00:00:00

KUALA LUMPUR, Feb 24 (AFP): Malaysia's central bank cut its key interest rate by 50 basis points to 2.0 per cent today, saying the troubled global outlook had raised the risk of a recession in 2009.The surprise decision represented an...

Creating safeguards to protect consumers' rights

Syed Fattahul Alim | 2009-02-25 00:00:00

The much talked about consumers' rights protection law is going to be enacted in the ongoing session of the ninth Jatiya Sangsad (JS) or national parliament. It is expected that the draft law in existence will be passed in parliament...

Govt to frame 'pragmatic' budget for next fiscal

FHM Humayan Kabir | 2009-02-25 00:00:00

The government will frame a "pragmatic" development budget for fiscal 2009-10 (July-June) keeping in mind the impact of global recession on the local economy, officials said Tuesday."We've asked the ministries and agencies last week not to take ambitious schemes in...

Thaksin supporters gather for protest

2009-02-25 00:00:00

BANGKOK, Feb 24 (AFP): Thousands of supporters of Thailand's ousted former premier Thaksin Shinawatra gathered in Bangkok Tuesday, preparing to surround the seat of government just days ahead of a major regional summit.The red-shirted protesters want Prime Minister Abhisit Vejjajiva...

Kiwis get Wright stuff on India

2009-02-25 00:00:00

CHRISTCHURCH, Feb 24 (AFP): New Zealand have drawn on the inside knowledge of former India coach John Wright as they prepare to play the side they regard as the best in the world.India's tour of New Zealand starts here Wednesday...

Ferguson hints at attacking approach

2009-02-25 00:00:00

Ferguson hints at attacking approach Manchester United manager Sir Alex Ferguson has brushed aside Jose Mourinho's suggestion that defence will be the priority against Inter Milan, reports BBC."I'm sure Jose has seen us enough to know that we very seldom...

news digest

2009-02-25 00:00:00

Australia braces for more firesSYDNEY, Feb 24: Officials have warned the wildfires that devastated southern Australia this month could flare again when high winds and hot temperatures sweep the region later this week, and raised the death toll from the...

Continental Ins holds annual confce

2009-02-25 00:00:00

The annual conference-2009 of the Continental. Insurance Limited was held in the city recently, said a press release.Chairman of the company Md Musa Meah was present at the conference as the chief guest while directors AKM Azizur Rahman, Tehsin Rashid...

S Lanka rejects Tamil rebels' truce offer

2009-02-25 00:00:00

COLOMBO, Feb 24 (AP): Sri Lanka's government rejected a call by Tamil rebels for a ceasefire, saying the militants were trying to "save their miserable skins" in the face of imminent defeat and must surrender unconditionally.The Tamil Tiger rebels have...

Honda to raise insight output as orders climb

2009-02-25 00:00:00

TOKYO, Feb 24 (Reuters ): Honda Motor Co plans to produce more of its new Insight hybrid cars from April, having received orders for almost three times its monthly sales target for the gasoline-electric model it launched on Feb. 6...

Call rate unchanged, dollar appears soft

FE Report | 2009-02-25 00:00:00

The inter-bank call money rate remained mostly unchanged Tuesday despite withdrawal of cash through reverse repurchase agreement (repo) and treasury bonds. The US dollar was, however, slightly soft against Bangladesh taka (BDT) in the inter-bank foreign exchange market with sufficient...

For a rational fuel price

2009-02-25 00:00:00

THE last reduction in fuel oil price was not substantive. If it was really intended to provide the benefits to the common users or the economy in general, the cut in prices should have been deeper, reflecting the latest, downswing...

Khelaghar beat Agrani Bank

2009-02-25 00:00:00

Khelaghar SKS notched a comfortable 60-run victory over Agrani Bank CC in the Metropolis First Division Cricket League at the City Club ground in Dhaka Tuesday, UNB reports.Batting first after winning the toss, Khelaghar SKS were all out for 185...

Fazle Rashid new Dhaka Bank MD

2009-02-25 00:00:00

Khondker Fazle Rashid joined Dhaka Bank Ltd as managing director Tuesday, says a press release.Prior to this joining, he was managing director of The Premier Bank Ltd.After receiving MBA degree from the Institute of Business Administration, University of Dhaka, Mr...

Accord signed: Pran Group to get $15m IFC loan

Jasim Uddin Haroon | 2009-02-25 00:00:00

International Finance Corporation (IFC), a World Bank private sector lending arm, will provide US$15 million loan to local Pran Group for expansion works of different agro-based plants of the company, official sources said.An agreement to this effect was signed between...

RPO bill passed amid opposition walkout

2009-02-25 00:00:00

Parliament Tuesday passed seven bills, including the much-talked-about RPO and anti-money laundering ones, in the absence of the BNP-led opposition MPs during the passage of all but one, reports UNB.The BNP-led alliance lawmakers staged walkout in protest against "depriving them...

DBCCI team calls on commerce minister

FE Report | 2009-02-25 00:00:00

Newly elected members of the board of directors of Dutch-Bangla Chamber of Commerce and Industry (DBCCI) called on Commerce Minister Muhammad Faruk Khan at his office in the city Monday, said a press release.Headed by DBCCI President Rakesh Mohan, the...

Landlords to be tried for 'militant tenants'

2009-02-25 00:00:00

Anyone renting out accommodation to people linked with militants or militancy will be accused of abetting militancy and tried under the law, Law Minister Shafiq Ahmed warned Tuesday, reports bdnews24.com."Providing assistance to the militants, be it accommodation or money, is...

Air Chief calls on President

2009-02-25 00:00:00

Chief of Air Staff Air Marshal SM Ziaur Rahman called on President Zillur Rahman at Bangabhaban in the city Tuesday, when activities of the force were discussed, reports UNB.During the meeting, the Air Chief apprised the President of different ongoing...

Japan PM visits Obama at White House

2009-02-25 00:00:00

WASHINGTON, Feb 24 (CNN): It's a long trip -- 6,800 miles (11,000 km) -- for a short meeting, but Japanese Prime Minister Taro Aso is scheduled to meet President Barack Obama Tuesday morning in an hour-long summit at the White...

Population control should be a priority

2009-02-25 00:00:00

POPULATION control, it seems, is not in the priority of the new government. The population of Bangladesh is expected to reach 280 million, or the double of what it is now, by 2080. The projection released on the last World...

corporatewatch

Dividends | 2009-02-25 00:00:00

NBL: The board of directors of National Bank Limited (NBL) has recommended 52 per cent stock dividend for the year that ended on December 31, '08. The board has also decided to hold an extraordinary general meeting (EGM) to increase...

Education Commission

2009-02-25 00:00:00

On January 29 the education minister announced that a new education commission would be appointed. The new commission will follow the one by Dr Kudrat-e-Khuda in making its report, said the minister.Many education commissions appointed in the past could not...

Khulna Chamber, UK High Commission sign MoU on trade

Our Correspondent | 2009-02-25 00:00:00

KHULNA, Feb 24: Khulna Chamber of Commerce and Industry (KCCI) has singed a Memorandum of Understanding (MoU) with British High Commission on trade expansion at the KCCI conference room Monday.Head of Immigration of British High Commission Stuart Percival was present...

Viqarunnisa Noon make flying start

2009-02-25 00:00:00

Viqarunnisa Noon School & College made a flying start in the KFC Pizza Hut 5th Mini Girls

Dhaka stocks slightly up amid price fluctuation

FE Report | 2009-02-25 00:00:00

Dhaka stocks finished slightly higher Tuesday in trading that saw fluctuation in share prices.Trading at the Dhaka Stock Exchange (DSE) began in an upbeat mood with the key index rising more than 18 points in the first one and a...

UK reaches out to Khulna students

2009-02-25 00:00:00

The UK Border Agency of the British High Commission hosted a major seminar on "UK Student Visa" in Khulna city, the first event of its kind, on Tuesday, reports UNB.British Council also participated in the seminar organised ahead of the...

Rapists at large as US criminal procedure goes slow

Elayne Clift | 2009-02-25 00:00:00

When Debbie Smith was raped in 1989 in Virginia, her attacker's DNA went untested for six years. She fought for justice and quickly became a symbol and an advocate for eliminating backlogs of untested rape kits, which provide physical evidence...

Viqarunnisa Noon make flying start

2009-02-25 00:00:00

Viqarunnisa Noon School & College made a flying start in the KFC Pizza Hut 5th Mini Girls

Usha KC book final berth

2009-02-25 00:00:00

National star-studded Usha KC came from behind to beat Bangladesh Navy by 4-1 goals to reach the final of the Need For Speed Shaheed Smriti Hockey Tournament, with one match to spareat the Maulana Bhasani National Hockey Stadium in Dhaka...