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Oil prices rise as demand woes dent metals

2009-03-15 00:00:00

LONDON, March 14 (AFP): Oil prices rose over the week awaiting OPEC's upcoming meet on output while a downturn in demand weighed on a number of metals, traders said.Markets were also awaiting the outcome of a meeting of leading finance...

Euro auto sales slump, Germany bucks trend

2009-03-15 00:00:00

BRUSSELS, Mar 14, (AFP): European auto sales tumbled 18.3 per cent in February, a sharp fall from a year earlier that could have been worse but for a strong performance in Germany, industry figures showed today.Sales in Germany, Europe's biggest...

Taskforce by Mar to tackle fallout of global recession: Faruk

2009-03-15 00:00:00

Commerce Minister Faruk Khan said Saturday a taskforce would be formed by this month with the representatives of all stakeholders to keep Bangladesh away from the fallout of global financial downswing, reports UNB."The government is working on it and a...

All Bashundhara blaze victims identified

2009-03-15 00:00:00

At least seven people were killed and 25 others injured Friday in the roaring fire at the country's largest shopping mall, Bashundhara City, that also devastated its top six floors, reports UNB.All the ill-fated victims of the fire incident have...

NBR gets good response from fake TIN holders

2009-03-15 00:00:00

There has been a good response to the amnesty offered by the National Board of Revenue (NBR) to fake taxpayer's identification number (TIN) holders to legalise their TINs by April 30, reports UNB."We're getting good response from the fake TIN...

Essay on disaster management invited from students

2009-03-15 00:00:00

The Disaster Management Bureau (DMB) invited essays from school and college level students for increasing awareness among the people about "Disaster Management", reports BSS.DMB has asked the school group students to send their compositions on 'Disaster and Woman' within 2,000...

Pakistan troops on alert

2009-03-15 00:00:00

ISLAMABAD (AP): Pakistan's government put the army on alert ahead of planned opposition protests in the capital, the military said Saturday, raising the stakes in a political crisis that endangers the country's effort against Islamist extremism.In another sign of strain...

Fire Brigade to be modernised soon to tackle any terrible fire in future: Sahara

2009-03-15 00:00:00

A day after a big fire at the country's biggest shopping mall Bashundhara City, Home Minister Sahara Khatun said the Fire Brigade would be modernised soon with high-tech equipment and training for firefighters to tackle any such terrible fire in...

Library services need rapid changes in Bangladesh

Md Ahasan Habib | 2009-03-15 00:00:00

Printed books are still the prime and main study resources throughout the world. Study resources are gradually being changed from the very beginning of human civilisation. Once clay tablets, papyrus, velum, wax, leaves, bones wooden materials and so forth were...

China concerned over safety of its assets in US

From Fazle Rashid | 2009-03-15 00:00:00

NEW YORK, March 14: China has a foreign exchange reserve of $2000 billion, the largest in the world. More than 70 per cent of the $2000 billion are in dollar denominated assets. Prime Minister of China Wen Jiabao expressed concern...

Dhaka needs $115b investment to achieve MDGs in seven years

FHM Humayan Kabir | 2009-03-15 00:00:00

Bangladesh needs US$114.97 billion (Tk7864.02 billion) investment to achieve millennium development goals (MDGs) in seven years between 2009 and 2015, a study said.The study, jointly carried out by the government and the United Nations Development Programme (UNDP), said it will...

poem

Mother of Bangalees | 2009-03-15 00:00:00

Faruque AsifOh! My great mother tongue,You have the honour and cordial love.You are the expectation of Bangalees.The symbol of protest, own rights of MotherYou are the impulse of movement and struggle.Unless you came of, this nation would die.Oh! dear motherYou...

BB advises banks to remain alert about impending risks

Siddique Islam | 2009-03-15 00:00:00

The central bank has advised the local banks to remain cautious about impending risks involving credit, market, liquidity and other related aspects to face the ongoing global economic recession."The present global financial turmoil highlights the importance of addressing unexpected aspects...

Where had Bashundhara City authorities failed?

2009-03-15 00:00:00

The fire that devastated much of the Bashundhara City shopping complex, the biggest and brightest of its kind in the capital city should have been foreseen. The fire started on the 18th floor and only when the fire died down...

Chevron shuts major gas field for three days

A Z M Anas | 2009-03-15 00:00:00

The country's gas supply will suffer a jolt later this month when American oil company Chevron halts production in one of its major fields for three days, officials said Saturday.The second largest US oil company will cut production up to...

G20 communique to avoid specifics on stimulus

2009-03-15 00:00:00

HORSHAM, England (Reuters): G20 financial policymakers will mention fiscal stimulus in their communique without setting specific demands, a G20 source said Saturday, denying there had been a clash over the issue.The G20 delegation member, who declined to be identified, said...

Tibet silent, shut-off on riot anniversary

2009-03-15 00:00:00

BEIJING, Mar 14 (Reuters): China warned the West not to "put its fingers into" Tibet as the restive region, under heavy security and shut off from the outside world, marked Saturday the anniversary of last year's deadly riots in Lhasa.Officials...

Opening of closed garment factory demanded

FE Reports | 2009-03-15 00:00:00

National Garments Workers' Federation (NGWF) has demanded opening of the closed Basic Apparels factory and payment of arrears to workers.Workers of the factory observed a token hunger strike at Muktangon Saturday in support of their demands.The factory authorities closed the...

Flood-resistant rice developed

FE Report | 2009-03-15 00:00:00

A US plant biologist helped create a type of flood-resistant rice that is being introduced to India and Bangladesh.Pamela Ronald developed the new rice strain with a colleague at the International Rice Research Institute (IRRI) near Manila, David Mackill, and...

news digest

2009-03-14 00:00:00

Rebels deploy tanks in MadagascarANTANANARIVO, Mar 13: Dissident soldiers deployed tanks in Madagascar's capital Friday and said they would use them to fight any mercenaries hired in a power struggle that has killed 135 people on the Indian Ocean island....

Adivasi cultural festival ends today

2009-03-14 00:00:00

The three-day Adivasi Cultural Festival 2009 will conclude at Shilpakala Academy premises in the city today (Saturday), reports UNB.Society for Environment and Human Development (SEHD), a research NGO, organised the festival with the slogan-'Cultural Diversity is Our Pride'.Ethnic communities like...

Bashundhara corporate offices gutted

FE Report | 2009-03-14 00:00:00

A devastating fire in Bashundhara City shopping mall Friday destroyed its top floors where the corporate entities of the Bashundhara Group are located,The group has a diversified operation from land, steel, shipping, logistics to paper production units. All the corporate...

Two army generals retired, new 9th Div GOC named

2009-03-14 00:00:00

Two of the army's most senior generals have been ordered into retirement, and the general officer commanding (GOC) of the crucial 9th Infantry Division based in Savar replaced, reports bdnews24.com.A source said Thursday that Lt Gen Aminul Karim, commandant of...

Facilitating exports

Amin Ahmed Chowdhury | 2009-03-14 00:00:00

EXPORTERS need to be motivated to increase exports. But that would depend on governmental policies. The government ought to take a series of measures to keep the exporters positively motivated. The most positive motivation would be to cut down the...

Banana cultivation increases in Faridpur

Our Correspondent | 2009-03-14 00:00:00

FARIDPUR, Mar 13: The cultivation of banana has been increasing gradually in nine upazilas of the district bringing 1,300 hectares of land under banana this year. Last year banana was cultivated on 650 hectares in the district.Local Agriculture Depart-ment sources...

Creaking coalition disappoints Kenyans

Andrew Cawthorne | 2009-03-14 00:00:00

With 10 million Kenyans facing hunger, corruption scandals mounting and his government reeling from public disapproval, President Mwai Kibaki called a first news conference in years -- to talk about his wife.To the bemusement of many Kenyans, their 77-year-old leader...

IT to be introduced in Ctg

Our Correspondent | 2009-03-14 00:00:00

CHITTAGONG, Mar 13: IT courses will be introduced in all the educational institutions under the supervision of the Computer Science and Engineering Department of the Premier University to provide basic fundamental knowledge on Information Technology (IT) to the students of...

Trading sees bullish trend

FE Report | 2009-03-14 00:00:00

The Dhaka Stock Exchange (DSE) witnessed a bullish trend in the week that ended Thursday, amid increased participation of both the institutional and small investors.The bourse saw highest volume of share trading for the first time, backed by power and...

Bailout package: A local view

Mahmudur Rahman | 2009-03-14 00:00:00

A rationing system, according to a recent announcement by the Food Minister, is being contemplated by the government for 40% of the population who subsist below the poverty line. The ramification of this is significant in that this represents about...

Debt-ridden public sector bodies pay peanuts to govt

FE Report | 2009-03-14 00:00:00

Some 47 state agencies and autonomous bodies will spend Tk 12.97 billion for servicing their debts by the end of the current fiscal.The relevant agencies have already paid more than Tk 5.0 billion as their outstanding debt service liability (DSL)...