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Fresh outbreak of bird-flu in five districts

2008-12-24 00:00:00

FE ReportThe authorities have culled nearly 10,000 chickens and destroyed over 3,000 dozen eggs during the last 12 days following fresh outbreak of bird-flu in five districts of the country. "We have detected avian influenza, known as H5N1, in four...

Agitated people block Dhaka-Ctg highway for 3 hrs

2008-12-24 00:00:00

FE ReportRoad communication between Dhaka and Chittagong remained cut for over three hours as several hundred people blocked the highway near Jatrabari area Tuesday in protest against a Rajuk's residential project.The police said the people, whose houses could be affected...

Govt says 'no' to Rupali Bank privatisation proposal

2008-12-24 00:00:00

The Council of Advisers committee on economic affairs Tuesday turned down a proposal to handover the state-run Rupali Bank back to the Privatisation Commission again to process a divestment proposal from a Japanese company, reports UNB."The bank will maintain its...

RAB recovers grenades on Khaleda’s campaign trail

2008-12-24 00:00:00

LAXMIPUR, Dec 23 (UNB): Four grenades were recovered and six persons arrested from Nabiabad village in Debidwar Upazila of Comilla Tuesday evening after BNP Chairperson Khaleda Zia had passed through the area on her campaign trail. Meanwhile, former Premier Khaleda...

FBCCI roadmap for next government

2008-12-24 00:00:00

COUNTRY'S apex chamber body, the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), according to a media report, has prepared a roadmap, titled, 'Maximising Growth of Bangladesh: Dreams of the Private Sector', for the first 100 days of the...

Signals to be wary of the export prospects

2008-12-24 00:00:00

Syed Fattahul AlimIn a sharp contrast to their previous upbeat mood about the prospect of business in Bangladesh in the face of global recession, a recent official data prepared by the Export Promotion Bureau (EPB) has rung alarm bell among...

Need for post poll dialogue

2008-12-24 00:00:00

M M AhmedTHE delayed national election is only days away. The country's attention remain absorbed with electioneering. The elections over, power would be handed over to the elected representatives. But the question is whether or not, the factors that disturb...

Remittance benefits for workers

2008-12-24 00:00:00

IT has been a long felt demand to give special facilities to the expatriate workers. These people have been sending their hard-earned money to the country without any returns. The outgoing caretaker administration deserves the credit for offering the expatriate...

A bad precedent

2008-12-24 00:00:00

The way the American government is injecting money directly into banks is creating a bad precedent for future banking industries, some of which may-by fraud, negligence, or pretension-fall sick in the expectation that the Treasury Department, like Social Security, would...

Personal manner, politics and law and order

2008-12-24 00:00:00

I just hope that the incident I witnessed is not being played out at other places. This happened inside a minibus. It was packed and it suddenly braked near Shahbagh. Those who were not alert were thrown against the next...

In support of biodiverse, organic and localised food system

2008-12-24 00:00:00

Billy I Ahmed BIODIVERSE farms offer us more food, better food, higher incomes for farmers and a defence from climate disasters.The following is an excerpt from Soil Not Oil: Environmental Justice in an Age of Climate Crisis by Vandana Shiva...

Prospect of bee cultivation in Bangladesh

2008-12-24 00:00:00

Hoor-e-JannatHalima Begum of Tangail district was married off with a poor man of neigbouring Mymensingh district when she was only 13. She knew poverty from her father's house since her birth. Halima finds no change in the condition her life...

EU, Brazil vow to press for IMF overhaul at next G20 meeting

2008-12-24 00:00:00

RIO DE JANEIRO, Dec 23 (AFP): President Nicolas Sarkozy of France and Luiz Inacio Lula da Silva of Brazil yesterday vowed to work together to counter the effects of the world crisis by promoting trade. The pledge was made as...

Govts must be ready to spend more on economic stimulus: IMF

2008-12-24 00:00:00

PARIS, Dec 23 (Reuters): Governments should be ready to increase their spending on economic stimulus programmes if circumstances require it, the International Monetary Fund's chief economist Olivier Blanchard said in comments published Tuesday.In an interview with French daily Le Monde,...

US sells record debt, China rate cut disappoints

2008-12-24 00:00:00

WASHINGTON/BEIJING, Dec 23 (Reuters): The United States sold a record amount of debt to help fund its efforts to contain the financial crisis and Beijing's fifth rate cut since September failed to boost Chinese shares, as gloomy economic and corporate...

Job fears deepen as global economic slowdown intensifies

2008-12-24 00:00:00

HONG KONG, Dec 23 (AFP): Fears of sweeping job losses caused by the global economic crunch deepened today with more layoffs, as governments took added measures to ease the impact of the crisis. China's central bank unveiled its fifth interest...

British economy shrinks 0.6pc in Q3

2008-12-24 00:00:00

LONDON, Dec 23 (AP): The British economy contracted by more than previously thought during the third quarter of 2008, revised official figures showed Tuesday, stoking market expectations that the Bank of England (BoE) may cut interest rates to near zero...

Bush admn admits leaving massive deficit

2008-12-24 00:00:00

WASHINGTON, Dec 23 (AFP): US President George W Bush's administration acknowledged yesterday that it would leave behind a massive budget deficit but could not say whether it would exceed one trillion dollars. "The size of the budget deficit, whatever the...

BB officials achieve AAP certificate

2008-12-24 00:00:00

Chowdhury Mohidul Haque, general manager, Department of Currency Management and Payment Systems of Bangladesh Bank and seven others of the same department received Accredited ACH Professional (AAP) certificate from the Payments University, USA. 29 officials of the bank sat for...

Ensure conducive global environment for economic progress: India

2008-12-24 00:00:00

NEW DELHI, Dec 23 (PTI): In the backdrop of the global financial crisis, India yesterday asked its envoys across the globe to ensure that the international environment remains conducive for the country's transformation and continued development. Addressing a meeting of...

Oil prices sink further below 40 dollars

2008-12-24 00:00:00

SINGAPORE, Dec 23 (AFP): Oil prices fell further below 40 dollars in Asian trade today in a market plagued by weak energy demand, dealers said. New York's main futures contract, light sweet crude for delivery in February, shed 77 cents...

Kuwait may delay some oil projects after price plunge

2008-12-24 00:00:00

KUWAIT CITY, Dec 23 (AFP): OPEC member Kuwait may delay some planned investments in the oil sector in light of the sharp drop in crude prices but will keep the main plans intact, Oil Minister Mohammad al-Olaim said yesterday. "We...

Transportation of agri goods hampered in absence of bridges in Bhanga upazila

2008-12-24 00:00:00

Our Correspondent FARIDPUR, Dec 23: The construction work of two bridges which were collapsed in the flood of 2007 under Hamirdi union in Bhanga upazila of Faridpur still not started causing enormous suffering to the inhabitants of the area.Movement of...

Gas exporting states meet in Russia to form club

2008-12-24 00:00:00

MOSCOW, Dec 23 (AFP): Ministers from gas-exporting countries were meeting in Moscow today to put the finishing touches to their new club, amid Western fears the group could act as the gas equivalent of the OPEC oil cartel. The Gas...

Toyota to replace president amid business slump

2008-12-24 00:00:00

TOKYO, Dec 23 (AFP): Toyota Motor Corp. plans to replace its president after the Japanese carmaker forecast its first-ever operating loss, a report said today. The auto giant is considering moving vice president Akio Toyoda to the post, which is...

AL to give priority to resolving current power crisis, if elected

2008-12-24 00:00:00

Awami League (AL) Chief Sheikh Hasina said Tuesday if elected her government would prioritise actions for resolving the current power and energy crisis, bdnews24.com reports. Speaking at a luncheon meeting of American Chamber of Commerce in Bangladesh (AmCham) at the...

National Bank opens 105th branch in Noakhali

2008-12-24 00:00:00

FE Report National Bank Limited (NBL) opened its 105th branch at Maizdee Court in Noakhali recently, said a press release. NBL Managing Director Md Abdur Rahman Sarker formally inaugurated the branch of the bank as the chief guest.The NBL managing...

BB extends $5.0m OD facility to another SCB

2008-12-24 00:00:00

FE Report The central bank provided an overdraft (OD) facility worth US$5.0 million (50 lakh) to a state-owned commercial bank (SCB) Tuesday for settlement of oil import bills. 'We've provided the OD facility to the SCB against the government-approved securities...

Proper guideline for women entrepreneurs sought

2008-12-24 00:00:00

Our CorrespondentCHITTAGONG, Dec 23: Experts urged for creating an effective women friendly atmosphere in the field of trade and commerce through preparing Woman National Business Agenda with proper solution to overall problems of the women entrepreneurs in transacting business.The call...

United Airways to submit IPO application to SEC by March

2008-12-24 00:00:00

FE Report Local private carrier United Airways will float its shares through the stock markets sometime in 2009, in what could be the first ever listed airline in the history of the country's capital market, its top executive has said....