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Power crisis takes a heavy toll on businesses

2009-03-28 00:00:00

Md. Fazlur RahmanMohammad Khokon Mia, who runs a photocopier at Gausul Azam Super Market in the city, is worried about his future as acute power crisis is posing a serious threat to his source of income.He said frequent load shedding...

Bank Asia holds 2nd annual sales conference

2009-03-28 00:00:00

FE Report The second annual sales conference-2009 of Bank Asia Limited was held at Savar recently to review the bank's performance on Consumer Credit for the year 2008. Bank Asia President and Managing Director Erfanuddin Ahmed was present as the...

Call rate moves on steady track

2009-03-28 00:00:00

Sarwar ZahanThe inter-bank call money rate moved on a steady track last week due to regular intervention in the market by the central bank, fund managers said.The call rate in extreme range fluctuated mainly between 7.50 per cent and 12.0...

Netherlands Dev Finance CEO visits DBBL head office

2009-03-28 00:00:00

FE Report Chief Executive Officer (CEO) of Netherlands Development Finance Company Nanno Kleiterp and its Financial Intuitions Director Ruurd Brouwer visited Dutch-Bangla Bank Limited (DBBL) head office in the city recently.They discussed issues related to economic situation of the country...

weekly currency roundup

2009-03-28 00:00:00

March 22-March 25, 2009Commercial Bank of CeylonUS dollar maintained its stable tone against Bangladeshi taka in the last week.The foreign exchange market enjoyed sufficient liquidity because of lower import payments because most of the importers were very cautious about financial...

Japan approves deployment of missile defence system

2009-03-28 00:00:00

TOKYO, Mar 27 (AP): Japan's military mobilised Friday to protect the country from any threat if North Korea's looming rocket launch fails, ordering two missile-equipped destroyers to the Sea of Japan and sending batteries of Patriot missile interceptors to protect...

Obama targets Al-Qaeda in new Afghan war plan

2009-03-28 00:00:00

WASHINGTON, Mar 27 (AFP): President Barack Obama is to unveil Friday a new offensive against terror havens in Afghanistan and Pakistan, aiming to deal a death blow to Al-Qaeda more than seven years after the September 11 attacks.To win a...

'Mini tsunami' kills 58 after Indonesia dam breaks

2009-03-28 00:00:00

CIRENDEU, Indonesia, Mar 27 (AP): Torrential rain caused a colonial-era dam to burst its banks early Friday, sending a wall of muddy water crashing into a suburb of the Indonesian capital. The flood killed at least 58 people, left scores...

China criticises new US report on its military

2009-03-28 00:00:00

BEIJING, Mar 27 (AP): China slammed a newly released US report on Beijing's growing military power as a "gross distortion," saying Thursday that it could damage military relations between the two countries.Foreign Ministry spokesman Qin Gang lashed out at the...

news digest

2009-03-28 00:00:00

No decision on restoring NATO co-op: RussiaMOSCOW, Mar 27: Russia has still not taken a decision on restoring full cooperation with NATO which was broken off after Moscow's August war with Georgia, ambassador to NATO Dmitry Rogozin said Friday. "I...

Relentless Kiwis ensure firm control

2009-03-28 00:00:00

Second Test, Napier (day two, close): New Zealand 619-9 dec v India 79-3New Zealand continued to dominate the second Test against India in Napier after impressive knocks from Jesse Ryder and Brendon McCullum, reports BBC. Ryder added 64 to his...

Johannesburg to host IPL final

2009-03-28 00:00:00

The opening match of IPL 2009 will be played at Newlands in Cape Town on April 18, and the final will be held at the Wanderers in Johannesburg on May 24, according to a tournament schedule that has been circulated...

Japan ready to avenge Bahrain loss

2009-03-28 00:00:00

SAITAMA, Mar 27 (AFP): Japan coach Takeshi Okada believes the return of his Europe-based players can help his side avenge a January loss to Bahrain when the two sides clash in a World Cup qualifier here Saturday. Japan lost 1-0...

Woods finds his form at Bay Hill

2009-03-28 00:00:00

Tiger Woods shot a first-round 68 to finish three shots off the lead after his first round at the Arnold Palmer Invitational in Orlando, reports BBC. Woods, playing in his third tournament of the year following his return to action...

Australia wants India Davis Cup match shifted

2009-03-28 00:00:00

MELBOURNE, Mar 27 (AP): Tennis Australia has confirmed it wants its Davis Cup match against India moved out of the southern city of Chennai in May due to security concerns."We have received advice from a variety of sources referring to...

sport watch

2009-03-28 00:00:00

Krishnakati SC reach final JHALAKATI, Mar 27 : Krishnakati Sporting Club advanced to the final of Jhalakati DSA First Division Cricket League beating Taruli Ekota Club by 16 runs in a closely fought first semifinal here today (Friday). Batting first...

Weapons of animal defence and their diverse uses

2009-03-28 00:00:00

Syed Fattahul AlimAnimals developed weapons to defend themselves from the attack of rivals of the same species or from predators. In some cases the weapons are elaborate and ornamental. It has been observed that the cumbersome weapons, which are also...

Obama aims for less with more in Afghanistan

2009-03-28 00:00:00

Andrew GrayPresident Barack Obama plans to send thousands of troops to train Afghan security forces as part of a new war strategy that will focus U.S. efforts on destroying safe havens for al Qaeda militants and rolling back the Taliban...

Pendulum swings to financial restraints

2009-03-28 00:00:00

Tom Raum Capitalism can't always be trusted. If you're too big to fail, you're too big to make all your own decisions, according to the emerging view in Washington.Three decades after Ronald Reagan launched a determined campaign to ease government...

World trade to fall further

2009-03-28 00:00:00

Stefanie EschenbacherWorld Trade Organisation (WTO) economists expect the strongest contraction in global trade since the Second World War, according to a WTO report. Exports will drop by roughly 9 per cent in volume terms as a result of the global...

How safe natural birth control methods are

2009-03-28 00:00:00

Kamrun Nahar RumaMitu Marium, a fourth-year student oof Dhaka University's Mass Communication and Journalism Department, got married recently. One afternoon, while attending a class, she felt dizzy and fell on the floor. Mitu was rushed to a clinic and doctor...

Sudan has become playground for terror groups

2009-03-28 00:00:00

Zvi Bar'elDid the truck convoy making its way from Port Sudan to Egypt carry weapons from Iran, China or Russia - Sudan's three major arms suppliers? The prime suspect is Iran, which has been strengthening its ties with Sudan ever...

China's launch of steel futures may change global pricing system

2009-03-28 00:00:00

Shanghai Futures Exchange started trading of steels futures contracts on Friday, which is hailed as a sign that China's steel industry has taken an important step forward in the process of marketization in the words of Luo Bingsheng, executive vice...

Visit your ophthalmologist every year

2009-03-28 00:00:00

Kaniz FatimaIt was a hot and humid day in in 2007 when Auntu got back home from school. He looked exhausted and was sweating. "What's wrong?" asks Auntu's mother. "Mom, I was punished in the class. My teacher made me...

Russia may recover faster than expected

2009-03-28 00:00:00

Vivianne RodriguesRussia's economy may rebound faster than anticipated as banks and companies adjust their balance sheets and as the central bank's ruble policy takes effect, Troika Dialog said on Thursday."Banks and companies are slowly readjusting their balance sheets, the central...

First-ever polyester chips plant to be set up in N'ganj

2009-03-28 00:00:00

Jasim Uddin Haroon A local spinner will set up the country's first ever petrochemical plant to produce polyester chips by investing Tk 5.5 billion mainly to give a fresh boost to the apparel sector, the yarn manufacturer said Wednesday. Polyester...

Russian team arrives tomorrow to discuss N-power project

2009-03-28 00:00:00

The government is aggressively moving with the nuclear power plant project targeting to set up at least a 1000 MW plant in the country within a decade, reports UNB.Normally, it needs 8-9 years to set up a 600-1000 MW power...

Nation celebrates Independence Day

2009-03-28 00:00:00

The nation celebrated the 39th Independence Day Thursday with a fresh pledge to try the war criminals and build a modern Bangladesh free from terrorism, corruption, poverty and illiteracy, reports UNB.This year the Independence Day was observed sans pomp and...

Chevron proposes expansion of Jalalabad exploration area

2009-03-28 00:00:00

FHM Humayan KabirUS oil company Chevron has recently sought permission from Petrobangla to explore and produce gas from new areas in Jalalabad field for meeting the growing energy demand in Bangladesh, officials said Friday.The company has proposed to conduct seismic...

Boro plantation acreage surpasses official target

2009-03-28 00:00:00

S M JahangirThe country's overall Boro rice plantation acreage has surpassed the official target by over 0.2 million hectares, brightening the prospect of achieving a record yield this season. About 5.9 million hectares of land have come under Boro cultivation...