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Generation of electricity from renewable energy sources

2008-12-07 00:00:00

Shahiduzzaman KhanOF late, the government approved in principle the renewable energy policy to attract private sector investments, tap the country's huge electricity generation potentials and ease the nagging electricity crisis across the country. The council of advisers gave its nod...

Bid to enter diamond cutting industry hangs in the balance

2008-12-07 00:00:00

Muzzafar HossainKIMBERLEY Process is an international certification scheme that regulates the trade in rough or conflict diamonds. Rough diamonds can cross borders only with an official certificate. The countries importing diamond check the seal and the certificate on the packages.The...

Check violence and muggings

2008-12-07 00:00:00

INCIDENTS of mugging and snatching are occurring on a regular basis in some common places in the city. Muggers used to mug at certain points during the terms of elected governments as the police, on their part, used to keep...

BBC and PSC

2008-12-07 00:00:00

THE recent news story entitled "Dhaka [BCS] exams row sparks violence" on BBC website (Tuesday, December 02, 2008; url: http://news.bbc.co.uk/2/hi/south_asia/7761285.stm) does not seem to meet the usual BBC standard of neutrality and fairness. The person who made the report seems...

Manpower export

2008-12-07 00:00:00

Almost all the developed countries are now looking for foreign workers. Despite the recession, there is demand for workers from the developing countries. But surprisingly we cannot seize the opportunities like other countries such as India, the Philippines or other...

Recognition to the meritorious students

2008-12-07 00:00:00

Every year, a good number of students pass the SSC examinations with merit. These pupils get media attention for their extraordinary results. But how many of them fair equally well in subsequent exams. They become celebrities only to be forgotten...

Delayed marriage: Mental pressure on women

2008-12-07 00:00:00

Sebika DebnathSUKRITY Dutta, a brilliant student of Dhaka University's Mass Communication and Journalism Department, is under tremendous pressure to get married. But, she doesn't want to marry before she joins a good job after university."In fact, I've been under pressure...

Insurance business in Bangladesh: its past and present

2008-12-07 00:00:00

Kazi Md. Mortuza AliA prominent foreign life insurance company which earned great fame in this subcontinent was the Sun life of Canada. Sir Phiroze Sethna a Persi from Bombay (who was born and brought up in Calcutta) was known as...

Five ways to avoid GMOs in your food

2008-12-07 00:00:00

Billy I AhmedRecent polls across the world have consistently shown that, if they had a choice, 90% of people would actively seek to avoid GMOs (genetically modified organisms) in their food. The large multinational corporations of the world have gone...

US job losses mount as economic picture worsens

2008-12-07 00:00:00

WASHINGTON, Dec 6 (AP): Record numbers of homeowners are falling behind on mortgage payments and the US economy is losing jobs at an alarming rate with companies big and small slashing their work force.A half-million American jobs disappeared month, the...

C American leaders agree on common currency, passport

2008-12-07 00:00:00

SAN PEDRO SULA, Honduras, Dec 6 (AFP): Central American leaders yesterday agreed to adopt a common regional currency and passport, among other measures to bolster regional integration in the face of global financial uncertainty. The eight leaders attending a regional...

Closer China-LatAm economic ties good to each other, experts say

2008-12-07 00:00:00

NEW YORK, Dec 6 (Xinhua): China and Latin America share the same pictures in the field of economic development, and increased relations between the two sides are mutually beneficial, experts said here yesterday. The statement was made at a panel...

‘More 'world coordination' on rates needed’

2008-12-07 00:00:00

LONDON, Dec 6 (Reuters): More international coordination of macro-economic policy is needed, Bank of England (BoE) Deputy Governor John Gieve said Saturday.In an interview with the financial magazine Hedge Funds Review (HFR), Gieve said that what happened in the world...

Late mortgage payments, foreclosures hit record

2008-12-07 00:00:00

NEW YORK, Dec 6 (Reuters): Late mortgage payments and the rate of home loans in foreclosure rose to record highs in the third quarter, threatening to escalate as the recession erases jobs and further strains homeowners, the Mortgage Bankers Association...

US recession to deepen in coming months: ECRI

2008-12-07 00:00:00

NEW YORK, Dec 6 (Reuters): A measure of future US economic growth and its annualised growth rate both ticked up in the latest week, but they still suggest the recession will intensify in the near future, a research group said...

Indonesia secures $5b emergency loan

2008-12-07 00:00:00

JAKARTA, Dec 6 (AFP): Indonesia has secured emergency loans worth five billion dollars to help plug its budget deficit and boost growth, authorities have said. "The loans, which come from the World Bank, the Asian Development Bank, Japan, Australia and...

India-Pak trade on back-burner as political ties turn sour

2008-12-07 00:00:00

NEW DELHI, Dec 6 (PTI): With India-Pakistan relations touching a new low after terror attacks on Mumbai, bilateral exchange of trade and ministerial delegations as a part of the political composite dialogue has been put off indefinitely. India's Minister of...

US jobs data accelerates commodity price falls

2008-12-07 00:00:00

LONDON, Dec 6 (AFP): Commodity prices tumbled this week with losses accelerated Friday by news of half-a-million job losses in the United States that fuelled expectations of steep falls in demand for raw materials. "It's a very negative environment in...

Special Eid offer on Walton electronics products

2008-12-07 00:00:00

FE ReportRB Group, which has been marketing Walton brand electronics products in the local market, announced special offers ahead of Eid-ul-Azha.According to the company source the offer will be continued till December 09 at all showrooms of the company all...

Sales of sacrificial animals not encouraging in Ctg

2008-12-07 00:00:00

Our CorrespondentCHITTAGONG, Dec 06: Arrival of sacrificial animals loaded in trucks at different cattle-markets of the port city and its adjoining areas are being witnessed almost every day on the eve of the upcoming holy Eid-ul-Azha which is set to...

SIBL board meet held

2008-12-07 00:00:00

The 183rd meeting of the board of directors of the Social Investment Bank Limited (SIBL) was held at its board room in the city recently, says a press release. Chairman of the board of directors of the bank Abdul Awal...

Grameenphone, BTEB sign agreement

2008-12-07 00:00:00

Grameenphone Ltd signed an agreement with the Bangladesh Technical Education Board (BTEB) to facilitate capacity development for the rural masses, says a press release.Under the terms of the agreement Grameenphone Community Information Centres (CIC) will provide BTEB certified computer training...

Warid launches new package with Nokia 1208 handset, Tk 3,000 talk-time

2008-12-07 00:00:00

Warid Telecom Thursday launched a bundle package with a Nokia 1208 handset, Tk 3,000 worth of talk-time and prepaid zem connection. The latest package is available at all business centres, franchisees, corporate sales points and designated sales points of Warid...

Venezuelan oil price drops to 6-month low

2008-12-07 00:00:00

CARACAS, Dec. 6 (Xinhua): Oil prices in Venezuela dropped to 34.49 U.S. dollars per barrel yesterday, the lowest since prices began to fall six months ago when a barrel cost as much as 129.54 dollars. It meant a loss of...

China car sales drop

2008-12-07 00:00:00

BEIJING, Dec 6 (AFP): Car sales in China fell more than 10 per cent in November as the global financial crisis eroded consumer confidence, state media reported. The number of passenger vehicles sold in November dropped to 522,800 -- a...

BMCCI president advocates for creating SEACO-FTA

2008-12-07 00:00:00

FE Report Bangladesh-Malaysia Chamber of Commerce and Industry (BMCCI) President Salahuddin Kasem Khan has advocated for creating a South East Asian Cooperation-Free Trade Area (SEACO-FTA) to face global financial crisis and recession.The BMCCI president proposed this in a farewell reception...

Emirates brings business rewards to SMEs in 55 states

2008-12-07 00:00:00

FE Report Emirates Airline's Business Rewards, its innovative online-based reward programme tailored for small and medium enterprises (SMEs), is now available in 55 countries across Europe, Asia-Pacific, Middle East, Africa, and Americas.Emirates' Divisional Senior Vice-president (Commercial Operations) Keith Longstaff said:...

ICB AMCL declares NAV of two unit funds

2008-12-07 00:00:00

FE Report ICB Asset Management Company Limited (AMCL), a subsidiary of Investment Corporation of Bangladesh, recently announced Net Asset Value (NAV) of its two unit funds, said a press release. The total NAV of ICB AMCL Pension Holders' Unit Fund...

Greenback gains against BDT

2008-12-07 00:00:00

Sarwar Zahan US dollar gained strength against Bangladesh take (BDT) in the inter-bank foreign exchange market last week due to higher demand for the greenback, fund managers said. Most banks were in buying mood creating pressure on liquidity enabling the...

DBBL opens SME Service Centre in Chhatak

2008-12-07 00:00:00

Dutch-Bangla Bank Limited (DBBL) has opened its second Small and Medium Enterprise (SME) Service Centre at Gobindaganj Bazar in Chhatak of Sunamganj district recently.In this connection, an inaugural function was organised on the Centre premises. Managing Director of the bank...