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ZIA, Ctg port reopen

2007-11-17 00:00:00

Zia International Airport (ZIA) reopened Friday after 20-hours of closure, as 'SIDR', a deadly cyclone, subsided in the Bay of Bengal, officials said, reports bdnews24.com. Operations at main Chittagong Port also resumed after a suspension lasting nearly 48-hours, as the...

'Climate bomb' warning over deforestation for palm oil

2007-11-17 00:00:00

John Aglionby, FT Syndication ServiceNUSA DUA (INDONESIA): Rampant deforestation in Indonesia for conversion to oil palm plantations could "detonate a climate bomb" if it is not controlled, Greenpeace warned in a recent report.The environmental group cited the predicted destruction of...

PGCB, Siemens sign deal on power sub-station

2007-11-17 00:00:00

Siemens Bangladesh Ltd and Consortium of Siemens Ltd, India have signed a contract with the Power Grid Company of Bangladesh (PGCB) for establishment of 132/33 KV substation at Niamatpur in the country at a cost of over $4.25 million. The...

Expert body to look into trade potential of snakes' venom

2007-11-17 00:00:00

The government has formed a committee of experts to explore the possibility of farming and exporting snake's venom after the demise of Tota Mian of Thakurgaon, who pioneered commercial snake farming. The committee headed by Sohrab Uddin Sarker, professor of...

Agreement on WB power sector loan likely in May next

2007-11-17 00:00:00

FE ReportThe World Bank (WB) has resumed talks with the government after a long break, aiming to provide $275 million loan to an integrated energy and power sector development project in Bangladesh.The global lender suspended its pre-negotiation process in June...

Pak caretaker govt sworn in, opposition rejects

2007-11-17 00:00:00

ISLAMABAD (AFP): President Pervez Musharraf swore in a new caretaker government to lead crisis-hit Pakistan toward elections, as a senior US official was flying in to press him for an end to emergency rule.The new government, headed by a close...

Oil prices rise above $94

2007-11-17 00:00:00

LONDON, Nov 16(AP): Oil prices rose Friday amid expectations that global crude supplies will remain tight despite a U.S. oil inventory report that showed a surprising increase in domestic crude stockpiles.Light, sweet crude for December delivery on the New York...

India to start safeguard talks on US nuclear deal

2007-11-17 00:00:00

NEW DELHI, Nov. 16 (Bloomberg) : India's government will start safeguard negotiations with the global atomic energy regulator as part of steps to implement a civilian nuclear accord with the U.S., after communist allies lifted their objection to the move....

Revalue renminbi to rebalance trade, says EU

2007-11-17 00:00:00

Tony Barber, FT Syndication ServiceBRUSSELS: China should revalue the renminbi to boost domestic demand, remove obstacles to banking reform and cool an overheating heavy industry sector, Peter Mandelson, the European Union's trade commissioner, said.In a recent speech in Washington that...

Vendors of warm clothes make brisk business

2007-11-17 00:00:00

FE ReportThe sudden change in the weather conditions triggered by cyclonic storm 'SIDR' created Friday good business prospects for the warm clothes peddlers in the city.On Friday, street vendors were seen selling old and new warm clothes at the city's...

Possible telecom listing sets an upbeat mood

2007-11-17 00:00:00

FE ReportThe stock prices continued its rally in the week ended Thursday amid a strong enthusiasm among the investors.The enthusiasm was triggered when a tripartite meeting among the Bangladesh Telecommunications Regulatory Commission (BTRC), the Securities and Exchange Commission (SEC) and...

President expresses deep shock at loss of lives from hurricane 'Sidr'

2007-11-17 00:00:00

President Iajuddin Ahmed expressed deep shock at the loss of lives and property caused by the severe cyclonic storm 'Sidr' that swept over the country Thursday midnight.The President has also conveyed sympathy to the affected families in the country, reports...

Big Shift in balance of power

2007-11-17 00:00:00

Ed Crooks FT Syndication ServiceLONDON: November 5, 2007 deserves to go down in history as a momentous day in the world's energy industries: it was when ExxonMobil was displaced as the world's biggest quoted company by market capitalisation by PetroChina....

AL expresses deep shock at huge loss of life, property in cyclone

2007-11-17 00:00:00

Acting president of Awami League (AL) Zillur Rahman and acting general secretary Syed Ashraful Islam expressed their deep shock at the massive loss of lives and property in the powerful cyclone that hit the country's south and southwestern regions since...

Trade rules in need of closer scrutiny

2007-11-17 00:00:00

Gerald DoucetFT Syndication ServiceLONDON: Trade, energy and climate change are steadily converging. Yet while these three issues are intimately intertwined, scant attention is being paid to how implementing the Kyoto Protocol or a post-Kyoto framework may clash with global trade...

Nizami condoles loss of lives, property in cyclone

2007-11-17 00:00:00

Jamaat-e-Islami Amir Motiur Rahman Nizami expressed deep shock at the loss of lives and property caused by a powerful cyclone that with all its fury and ferocity lashed country's south and southwestern regions since Thursday midnight, reports UNB.In a statement...

Charges against businessman Kamran rejected

2007-11-17 00:00:00

Authorities of Signage, Mega Vision and Adcomm Thursday rejected charges against businessman Nazim Kamran Choudhury, who allegedly grabbed a building at Gulshan in the city, reports bdnews24.com. Farhana Islam, the owner of the building, filed a case against Kamran, husband...

Price of LPG in Rajshahi increases

2007-11-17 00:00:00

Our CorrespondentRAJSHAHI, Nov 16: The price of LPG in Rajshahi has increased unusually in the last few months.The consumers complained, the price of one LPG cylinder of private companies which used to be sold at taka 790 - 850 just...

All examinations of DU postponed

2007-11-17 00:00:00

DU CorrespondentAll examinations of the Dhaka University (DU) scheduled to be held today (Saturday) have been postponed due to unavoidable reasons.However, DU exam controller Md Bahalul Haque Chowdhury said that the examination timetable of other days would remain the same...

Discussion on 'AIDS Awareness' held

2007-11-17 00:00:00

FE Report The Association for Nutritional Development and Rural Advancement (Andra), a service-oriented non-government development organisation, held a discussion on 'AIDS Awareness' among students, teachers and employees of school at Shaheed Smriti High School in the city Thursday. Presided over...

BSMRAU signs MoU with ACI

2007-11-17 00:00:00

FE ReportBangabandhu Sheikh Mujibur Rahman Agricultural University (BSMRAU) and Advanced Chemical Industries (ACI) Limited have signed a memorandum of understanding (MoU) for working jointly in agricultural research and development programme. BSMRAU Treasurer M Abdul Karim and Executive Director of the...

Namaz-e-janaza of IMF economist Hossain today

2007-11-17 00:00:00

FE ReportThe namaz-e-janaza of IMF senior economist Dr Shahabuddin M Hossain will be held in the city's Gulshan Azad Mosque after Johr prayer today (Saturday). His dead body will arrive in the city from the United States at 9:00 am...

Prices of rice rise further in market

2007-11-17 00:00:00

FE Report Prices of rice and onion that recorded a significant hike in the country recently showed again a rising trend at the retail level in the city markets yesterday (Friday) because of hurricane SIDR that hit the country severely,...

Call rate posts nominal rise

2007-11-17 00:00:00

Sarwar ZahanThe inter-bank call money rate posted nominal rise last week with a higher demand due to withdrawal of cash through auctions of reverse repurchase agreement (repo), treasury bills, Bangladesh Bank (BB) bills and Bangladesh Government Treasury (BGT) bonds, fund...

LEIC working for development of SMEs in Bangladesh

2007-11-17 00:00:00

FE Report Local Enterprise Investment Centre (LEIC) is working for the development of small and medium enterprises (SMEs) in Bangladesh by creating joint ventures or other forms of long-term partnerships with foreign or large local companies. This will allow them...

Citycell joins hands with AIESEC at the Nat'l Leadership Dev Confce

2007-11-17 00:00:00

The country's pioneer mobile operator Citycell recently joined hands with AIESEC, the prestigious international students' club that shapes the leaders of tomorrow. Citycell partnered with AIESEC as the official Zoom Partner at the National Leadership Development Seminar (NLDS) 2007, providing...

weekly currency roundup

2007-11-17 00:00:00

Commercial Bank of CeylonNovember 11 - November 15, 2007US dollar lost value against Bangladesh taka (BDT) as Bangladesh Bank intervened in the market last week to support petroleum and essential commodity payments. Before that USD was gaining value against BDT...

Pakistan releases Benazir Bhutto ahead of US envoy's visit

2007-11-17 00:00:00

LAHORE, Nov 16 (Agencies): Authorities freed opposition leader Benazir Bhutto from house arrest Friday, hours before the arrival in Pakistan of a senior US official expected to urge the country's military leader to end emergency rule.President Gen. Pervez Musharraf pressed...

Developing countries say farming key to trade deal

2007-11-17 00:00:00

GENEVA, Nov 16 (Reuters): Opening up rich country farm markets is crucial to the success of long-running trade talks, which must focus on the needs of developing countries, poor nations said yesterday. The call amounts to a challenge to rich...

Koreas to launch regular train service

2007-11-17 00:00:00

SEOUL, Nov 16 (Agencies): North and South Korea agreed Friday to launch rail service across their heavily armed border for the first time in more than half a century, a move symbolizing the growing reconciliation between the two sides. The...