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Managing budgetary deficits prudently

2008-12-05 00:00:00

Syed Fattahul AlimTo meet its budgetary deficit, the government borrows from both internal and external sources. The internal borrowing is made usually from banks and other non-bank institutions. But the banks are also the sources of credit on which the...

Mumbai attacks and the blame game

2008-12-05 00:00:00

Abul Kalam AzadABOUT 200 people including 22 foreigners were killed and another 300 people were wounded in the recent terrorist attack in Mumbai. The siege was finally ended 60 hours later where the most high-profile target was the Taj Mahal...

Sculptures or monuments are not idols for worshipping

2008-12-05 00:00:00

THERE was an action by militants in Dhaka as well, just a few days ago but those people didn't attack other human beings, just a sculpture work near the Balaka cinema hall. The object of their ire was a bunch...

Private sector faces too many odds

2008-12-05 00:00:00

In many countries, the entrepreneurs are allowed the vital level playing field. They are not spoon-fed but government policies at least try to keep them competitive. This means that they are given vital supports in areas where they deserve such...

Correct approach key to branding Bangladesh

2008-12-05 00:00:00

Mohammad Shahidul IslamSelf-identification in culture and heritage can be a great theme to pride ourselves on as Bangladeshis. For eras, we have been honoured for inheriting more than two thousand-year old civilization. The glorious background we belong to can easily...

Women entrepreneurs get support from ASA

2008-12-05 00:00:00

Md. Mahbubur Rahman Bulbul MOST functionaries of the important microfinance institutions (MFI) of the world come to Bangladesh for learning ASA's micro finance model because it is cost-effective and very simple. Accordingly, a 15-member Filipino MFI team came to Bangladesh...

Zardari vows to take strong action against any elements involved in Mumbai attacks

2008-12-05 00:00:00

ISLAMABAD, Dec 4 (agencies): Pakistan's president has vowed to take "strong action" against any elements in his country involved in last week's attacks in the Indian city of Mumbai,.Asif Ali Zardari made the pledge during a meeting with US Secretary...

Canada's democracy under fire: PM

2008-12-05 00:00:00

OTTAWA, Dec 4 (AFP): Prime Minister Stephen Harper urged Canadians in a televised address Wednesday to reject an opposition bid to oust his ruling Conservatives and install a leftist-separatist coalition without elections."Canadians take pride in our history as one of...

Zimbabwe declares cholera 'an emergency'

2008-12-05 00:00:00

Authorities in Zimbabwe have declared a cholera outbreak that has killed more than 550 people to be a national emergency, state media reports, reports BBC .Health Minister David Parirenyatwa said hospitals were in urgent need of medicine, food and equipment...

Thai airports open as people wait

2008-12-05 00:00:00

BANGKOK, Dec 4 (AFP ) : Flights have resumed at Bangkok's international airport following the end of a week-long blockade by anti-government protesters, reports BBC.Thirty-six aircraft were scheduled to take off, 12 of which are international flights, but officials say...

news digest

2008-12-05 00:00:00

Taliban rocket attack kills policeman in NW Pakistan MIRANSHAH, Dec 4: Rockets fired by Taliban militants early Thursday killed a policeman and wounded three of his colleagues in a northwestern Pakistani town, police said — AFP. Top doctor witnesses Mumbai...

India tightens airport security

2008-12-05 00:00:00

NEW DELHI, Dec 4 (CNN): Indian authorities stepped up security at the nation's airports on Thursday after receiving intelligence reports that terrorists might be planning an air attack."There have been intelligence inputs about some terrorist activity, and therefore security has...

Deadly bombings kill 10 in Iraq

2008-12-05 00:00:00

BAGHDAD, Dec 4 (AFP): Two suspected suicide car bombs have exploded in the Iraqi city of Falluja killing at least 10 people and injuring dozens more, police have said, The attacks targeted two police positions, both of which were badly...

Single cancer cell 'poses danger'

2008-12-05 00:00:00

Cancer researchers may have underestimated the power of some cancers to spread and cause new tumours, say US researchers, reports BBC.They found just one skin cancer cell was often enough to generate a whole new tumour.The finding, published in the...

China, US join forces as world recession looms

2008-12-05 00:00:00

BEIJING, Dec 4 (AFP): US and Chinese officials joined forces today against the world financial crisis, vowing to ward off the threat of a world recession as major US automakers appeal to be rescued from bankruptcy. "Jointly dealing with the...

Vietnam's economic growth to slow to 5pc next year: IMF

2008-12-05 00:00:00

HANOI, Dec 4 (AFP): The International Monetary Fund (IMF) predicted today that Vietnam's economic growth will slow to five per cent next year, below the communist government's 2009 target of 6.5 per cent. The gross domestic product (GDP) growth rate...

Russia plans fresh steps to boost its economy

2008-12-05 00:00:00

MOSCOW, Dec 4 (AFP): Russia said yesterday it was preparing fresh measures to boost its economy as President Dmitry Medvedev urged the government to try to take advantage of an anticipated fall in prices. Finance Minister Alexei Kudrin said the...

Australia posts record trade surplus in Oct

2008-12-05 00:00:00

SYDNEY, Dec 4 (AFP): Australia posted a record trade surplus of nearly three billion dollars (1.94 billion US) in October, buoyed by a jump in exports and the decline of its currency, official figures showed today. The seasonally adjusted 2.95-billion-dollar...

ADB approves $300m loan for Pak province

2008-12-05 00:00:00

MANILA, Dec 4 (AFP): The Asian Development Bank (ADB) has approved a loan package to Pakistan's populous Sindh province that could be worth up to 300 million dollars, the Philippines-based lender said today. The loan is designed to upgrade water...

S Korean economy faces growing downside risks

2008-12-05 00:00:00

SEOUL, Dec 4 (AFP): South Korea's export-driven economy faces growing downside risks as fears of a worldwide slowdown grow, the finance ministry said today. "Despite easing inflationary pressures, South Korea faces increased downside risks such as contraction of production, domestic...

Oil prices sink further, below $46

2008-12-05 00:00:00

SINGAPORE, Dec 4 (AFP): Oil prices sunk further in Asian trade today, falling below 46 dollars a barrel at multi- year lows in a market dominated by declining demand and dismal economic news, analysts said. New York's main futures contract,...

Holcim awards for sustainable construction in Asia Pacific

2008-12-05 00:00:00

The winners of the second Holcim Awards Competition-2008 for sustainable construction from across Asia Pacific were announced in New Delhi recently, says a press release. Total prize money of US $270,000 was handed over to ten projects that show future-oriented...

DAE sets winter crop cultivation targets in Nilphamari

2008-12-05 00:00:00

Our CorrespondentNILPHAMARI, Dec 12: Department of Agriculture Extension (DAE) has undertaken a comprehensive scheme to cultivate winter crops in Nilphamari district. DAE sources said potato is to be cultivated on 23,400 hectares of land with 374,400 metric tonnes production target....

China gets on board railway project to speed up economy

2008-12-05 00:00:00

BEIJING, Dec 4 (AFP): Travelling at 330 kilometres an hour on one of China's fastest trains, businessman Ren Wenzuo had nothing but praise for a multi-billion-dollar plan to spin a web of new rail links across the country. "People nowadays...

Better liquoring teas get dearer rates

2008-12-05 00:00:00

FE ReportThere was a strong demand in the week's sale emanating from internal buyers, were more forceful, whist loose tea buyers were also very active for good liquoring varieties. Once again prices moved appreciably for better liquoring teas. There was...

Japan's Nippon Oil, Nippon Mining to merge

2008-12-05 00:00:00

TOKYO, Dec 4 (AFP): Nippon Oil Corp., Japan's top oil refiner, and Nippon Mining Holdings Inc. said today they had agreed to merge in response to dramatic changes in the global energy industry. The move comes against a backdrop of...

Thrust on exploring new export market

2008-12-05 00:00:00

FE Report Commerce Adviser Dr. Hossain Zillur Rahman urged Bangladeshi business community to look beyond the major international markets for boosting country's exports. He was speaking as chief guest at a seminar titled 'Duty Free Market Access in Korea: Potential...

Market expansion emphasised for Bangladeshi goods in Russia

2008-12-05 00:00:00

Ambassador of the Russian Federation in Bangladesh Dr. Gennedy P Trotsenko called on Mahmudul Islam Chowdhury, president of the International Business Forum of Bangladesh (IBFB) and former mayor of Chittagong City Corporation, at the latter's residence in Chittagong recently. They...

Emirates brings its own double-decker to London

2008-12-05 00:00:00

DUBAI, Dec 04: Emirates is bringing its very own brand of double-decker to London with the arrival of its industry leading A380.From December 01, EK001, which departs Dubai daily at 0745hrs and arrives in London Heathrow at 11 35hrs, is...

DBBL to finance bridge construction in Roumari

2008-12-05 00:00:00

Dutch-Bangla Bank Limited will finance construction of a bridge in the remote area of Chatlakanda of Roumari upazila under Kurigram district to facilitate road communication of 40 thousand people of the locality, says a press release.An exclusive report published in...