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Walton showroom opened at Ashulia

2008-12-08 00:00:00

RB Group, which markets electrical, electronics and automobiles products using the brand name Walton, inaugurated its showroom Asha Enterprise-3 at EPZ road, Baipail, Ashulia in the city recently, says a press release. Director of Walton and film actor Ilias Kanchan...

Yen rises against dollar as global recession looms

2008-12-08 00:00:00

HONG KONG, Dec 7 (AFP): The yen advanced against the dollar over the past week while other Asian currencies fell as fears deepened over a looming global recession. JAPANESE YEN: The yen gained ground against the dollar over the week...

Half-million US jobs lost as economy continues worst free-fall in decades

2008-12-08 00:00:00

WASHINGTON, Dec 7 (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...

Mondol new GM of Janata Bank

2008-12-08 00:00:00

Vishmadeb Mondol recently joined Janata Bank Limited as general manager (GM), says a press release. Before promotion, he was the deputy general manager (DGM) of Khulna Divisional office of the bank. After obtaining Master's in Economics in 1980 from Dhaka...

Sonargaon holds reception for Ctg clients

2008-12-08 00:00:00

Our CorrespondentCHITTAGONG, Dec 07: Pan Pacific Sonargaon organised a reception for its clients of the port city at a local hotel recently. Director (Sales) MA Awal, Assistant Director (Foods and Beverages) Mohammad Oliullah and other high officials of the hotel...

Merkel plays Scrooge as Germans demand shop vouchers

2008-12-08 00:00:00

BERLIN, Dec 7 (AFP): With Germany in recession, a growing chorus is ditching the Christmas carols, raising their voices instead for free shopping vouchers to spread a little festive cheer in Europe's biggest economy. But despite the obvious appeal of...

Call to recruit more skilled manpower from Bangladesh

2008-12-08 00:00:00

President Iajuddin Ahmed Sunday urged the Malaysian government to recruit more skilled Bangladeshi workers and take effective measures for reducing the existing trade gap between the two countries, reports BSS."Malaysian importers could import knitwear and woven garments, pharmaceutical, leather, light-engineering,...

Bangladesh security should be discussed in comprehensive way: Iftekhar

2008-12-08 00:00:00

Foreign Adviser Iftekhar Ahmed Chowdhury Sunday stressed the need for discussion on Bangladesh's security issue in a comprehensive way, reports BSS.Dr Choudhury made the observation while speaking as the chief guest at a Victory Day commemorative seminar on "Security of...

EU envoy calls for rigorous investigation of rights abuses

2008-12-08 00:00:00

European Union (EU) Ambassador Stefan Frowein Sunday called for rigorous investigation of human rights abuses and appropriate punishment for those responsible to combat impunity and protect human rights, reports UNB.Speaking at a Human Rights Jamboree at a local hotel he...

Banks face heavy rush in Khulna

2008-12-08 00:00:00

Our CorrespondentKHULNA, Dec 07: On the last working day before the holidays for Eid-ul-Azha city's commercial banks witnessed unusual rush of people withdrawing cash for Eid purposes, according to sources.The cash counters of all commercial banks remained crowded Sunday since...

Aid agencies need to work hard to reduce poverty

2008-12-08 00:00:00

Visiting USAID deputy assistant administrator for Asia Margot Ellis Sunday said the development agencies like USAID should work hard in Bangladesh not only to ensure food security but also to help stimulate economic growth to reduce poverty."Increase in prices of...

Moeen opens Ranirhat bridge in Rangamati

2008-12-08 00:00:00

RANGAMATI, Dec 7 (BSS): Chief of Army Staff General Moeen U Ahmed inaugurated the Ranirhat Bridge, 22 kilometre off the district headquarters on Rangamati-Chittagong road this morning. The 130.27 metre long bridge on the Isamoti river at Ranirhat under Rangunia...

Main Eid Jamaat to be held at Nat'l Eidgah

2008-12-08 00:00:00

The main jamaat of the holy Eid-ul-Azha, will be held at the National Eidgah on the premises of Bangladesh Supreme Court at 8:00 am Tuesday, reports BSS.The Eid jamaat will be arranged under the supervision of the Islamic Foundation Bangladesh...

Shishu Park remains open on Eid Day

2008-12-08 00:00:00

Shishu Park at Shahbagh will remain open from 3:00 pm to 8:00 pm on December 9, on the occasion of holy Eid-ul-Azha, reports BSS.The park will remain open for all from 11:00 am to 7:00 pm for three consecutive days...

'600 street children to be given night shelter'

2008-12-08 00:00:00

Special Assistant to the Chief Adviser for Ministry of Social Welfare Brig Gen (retd) MA Malek Sunday said over 600 street children in the capital will be rehabilitated by providing them with shelters at night as well as livelihood supports...

One-third of JS election aspirants don't have TINs

2008-12-08 00:00:00

Doulot Akter MalaAround one-third of the individuals seeking to contest in the upcoming Jatiya Sangsad election do not have any taxpayer identification numbers (TINs). Out of a total of 2362 election aspirants, the National Board of Revenue (NBR) has identified...

EC validates 10 more nominations

2008-12-08 00:00:00

The nomination of ten candidates was validated so far Sunday after hearing on their appeals by the Election Commission against the cancellation of their nomination papers during the scrutiny, reports UNB.Election Commissioner Sakhawat Hossain told newsmen that hearing on 50...

Tanners expect to collect over 2.5m pieces of raw hides, skin

2008-12-08 00:00:00

Naim-Ul-KarimThe country's tanners are expecting to collect more than 2.5 million pieces of raw hides and skin during this Eid festival with credit support from the commercial banks despite a dull global market, industry insiders said Sunday.They said prices of...

Sales of cattle up in city mkts

2008-12-08 00:00:00

Jasim Uddin Haroon Sales of sacrificial animals in the city's permanent and makeshift cattle markets increased Sunday with the Eid-ul-Azha festival knocking at the door.Traders said the sales are not satisfactory, as they expected more on Sunday. The presence of...

Eid-ul-Azha tomorrow

2008-12-08 00:00:00

Eid-ul-Azha, one of the two biggest religious festivals of Muslims, will be celebrated in the country tomorrow (Tuesday) with due solemnity and religious fervour, reports UNB.On this day, the 10th of Zilhaj some 3,800 years ago, Prophet Ibrahim (A) offered...

CA for habitable urban city thru' united efforts

2008-12-08 00:00:00

Chief Adviser (CA) Fakhruddin Ahmed Sunday expressed the hope that Dhaka would be turned to a better habitable urban city through the united efforts and ideas of government-private sectors and the stakeholders, reports UNB."Combination of the 15-year Strategic Transport Plan...

US secret service to help bankers detect counterfeit $

2008-12-08 00:00:00

FE Report The United States Secret Service will impart training to local bankers to help detect counterfeit US dollars in Bangladesh. The visiting two-member US Secret Service team conveyed the message at a meeting with chief executives of different local...

Holiday notice

2008-12-08 00:00:00

The offices of The Financial Express (FE) will remain closed on December 08, 09 and 10, 2008 (Monday, Tuesday and Wednesday) on the occasion of the holy Eid-ul-Azha. Therefore, there will be no issues of FE on December 09, 10...

Further reduction in fuel oil prices likely this month

2008-12-08 00:00:00

FE ReportChief Adviser's Special Assistant M Tamim Sunday hinted at the possibility of further lowering the fuel oil prices within the current month. "We are reviewing the global market. There may be a possibility of downward adjustment of the fuel...

RMG workers agitate in city for arrears

2008-12-08 00:00:00

FE Report Several hundred workers of a ready-made garments (RMG) factory staged demonstration in the city's Mogbazar area on Sunday afternoon, disrupting traffic movement on Mogbazar-Mouchak road for about two hours. Sources said over 1,000 workers of Century Garments came...

Pilgrims throng Arafat on 2nd day of Hajj

2008-12-08 00:00:00

Millions of Muslim pilgrims have descended on the plain of Arafat in Saudi Arabia on the second day of Hajj, according to Al Jazeera.net.Leaving the tent city of Mina early Sunday, the pilgrims gathered for a day of reflection and...

No NBR plan to chase tax-dodgers in cattle markets

2008-12-08 00:00:00

The National Board of Revenue (NBR) Sunday said it has no plan to chase the tax-dodgers in the cattle markets. The board is not also carrying out any such drive presently. It has termed the recently published news regarding the...

India announces $4.1b stimulus package

2008-12-08 00:00:00

NEW DELHI: The prime minister's office has announced a $4.1 billion stimulus package to boost India's slowing economy in the face of the global financial meltdown. It said in a statement Sunday that the money will be spent for building...

Two women get Begum Rokeya Padak '08

2008-12-08 00:00:00

The government has decided to award the Begum Rokeya Padak - 2008 to Dr Sultana Sarwat Ara Zaman and Begum Nasrin Parvin (posthumous). They were given the award for their outstanding contribution to rights and education of women, and country's...

Depression over Bay moves slightly westwards

2008-12-08 00:00:00

The depression over southwest Bay moved slightly westwards over the same area at 3pm Sunday. A special Met Office bulletin said the depression centered about 1,845-km southwest of Chittagong port, 1,775-km southwest of Cox's Bazar port, and 1,725-km southwest of...