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ADB's South Asia DG due today

2008-12-03 00:00:00

Kunio Senga, Director General of South Asia Department of the Asian Development Bank (ADB), arrives in the city today (Wednesday) on a one-day official visit, said a press release. During the visit, Mr Senga will hold discussions with senior government...

Thai court disbands ruling party

2008-12-03 00:00:00

BANGKOK, Dec 2 (Reuters): Thai Prime Minister Somchai Wongsawat was banned from politics for five years and his party disbanded on Tuesday, plunging the country deeper into chaos and raising fears of a violent backlash by government supporters.Party members vowed...

Senator McCain arrives

2008-12-03 00:00:00

Senator John McCain, who was the Republican nominee for the last US presidential election, arrived in the city Tuesday night from India by a special flight on a short visit when he is expected to meet government and political leaders....

Time for depositing small firearms extended till Dec 14

2008-12-03 00:00:00

The government has extended the deadline for depositing small firearms (pistols and revolvers) and ammunition until December 14. Earlier, the government fixed December 3 as the last date for submission of the arms, said an official handout Tuesday. Besides, the...

VoIP equipment worth Tk 10 million recovered in city

2008-12-03 00:00:00

Rapid Action Battalion (RAB) members seized VoIP equipments worth over Tk 10 million and also arrested a man from Ramna area in the city. Members of RAB-10, during a nine-hour drive till 7 am on Monday, raided a house at...

CA seeks BBBF's permanent structure under BoI

2008-12-03 00:00:00

Chief Adviser (CA) Dr Fakhruddin Ahmed Tuesday called for strengthening the Bangladesh Better Business Forum (BBBF) by bringing it under a permanent administrative structure to continue the success it had achieved, reports UNB."To retain its earned success trend it is...

Joint venture co may get nod for 50 mw plant at Sikolbaha

2008-12-03 00:00:00

FHM Humayan KabirThe government is likely to award contract within this December to install a costly 50-megawatt (MW) oil-fired rental power plant at Sikolbaha in Chittagong, officials said.A Hong Kong-Bangladesh joint-venture company has been selected to set up the plant...

US in longest recession since World War II

2008-12-03 00:00:00

From Fazle Rashid NEW YORK, Dec 02: The United States is in recession since December 2007. It was officially acknowledged only Monday, a year after it started. It is the longest recession since the World War II. National Bureau of...

Govt orders fresh bidding for Bibiana, Sirajganj plants

2008-12-03 00:00:00

The Power Division has ordered re-tenders for two proposed 450 MW power plants at Bibiana and Sirajganj, a top official said on Tuesday, reports bdnews24.com. Power Division secretary M Fouzul Kabir Khan told the news agency that the government had...

64pc rise in goods train fare proposed

2008-12-03 00:00:00

Naim-Ul-KarimThe government has formed an expert committee to analyse the cost of carrying goods by the Bangladesh Railway vis-à-vis the charges it makes for transportation as the state-owned entity has proposed a 64 per cent fare hike to cope with...

BERC conditions to gas price hike proposal

2008-12-03 00:00:00

The Petrobangla (Bangladesh Oil, Gas and Mineral Corporation), which oversees and coordinates operations of all the state-owned energy sector entities, has been making bids to hike the gas prices at the consumers' end for quite sometime. It has been complaining...

Going to the roots of terrorism in South Asia

2008-12-03 00:00:00

Syed Fattahul Alim The three days' horrible nightmare that the residents of the largest city of India had to go through has brought the whole of South Asia face to face with a stark reality. The reality is its total...

Oaths for scientists

2008-12-03 00:00:00

Prof. Lutfor RahmanTHOUSANDS of fresh graduates in science and technology are coming out every year from the national, international, public and private universities in Bangladesh. They achieve their degrees in various disciplines of Physical, Biological and Medical sciences. We are...

Renewable energy deserves a high priority

2008-12-03 00:00:00

GOVERNMENT appears to be taking the steps to frame a renewable energy policy for the country. But this policy-making needs to be expedited in view of the energy crisis that the country is going through at the moment.The crisis is...

Hollow claims about education

2008-12-03 00:00:00

SUCCESSIVE governments in Bangladesh claimed that they promoted education to attain economic progress. But the claims proved not to be well based. Existing education systems in the country are proving not so useful. The education sector is wasting a lot...

Coordinating fiscal and monetary policies for managing inflation

2008-12-03 00:00:00

Dr. Salehuddin AhmedIN the backdrop of rapid globalization and accelerating economic growth, it is important to identify various channels through which global integration can affect inflation and monetary policies in South Asian countries. Certainly, greater integration of any economy means...

Significance of Olympic torch relay

2008-12-03 00:00:00

Md. Mahfuzur Rahman SiddiqueTHE Olympic Flame is 80 years old. It was introduced first in 1928 during the Amsterdam Olympics. The torch relay is also a 72 year-old tradition. The relay starting from Olympia of Greece passing through the designated...

Eurozone backs away from economic stimulus target

2008-12-03 00:00:00

BRUSSELS, Dec 2 (AFP): Finance ministers from the 15 countries sharing the euro failed yesterday to commit to a proposed 200-billion-euro economic stimulus target while agreeing they need a joint anti-recession package. Downplaying the overall target, Luxembourg Finance Minister Jean-Claude...

US, China set to grapple with growth concerns

2008-12-03 00:00:00

WASHINGTON, Dec 2 (AFP): The United States and China hold high level talks this week expected to be dominated by concerns whether China can maintain high growth rates at a time when global expansion has been dampened by financial turmoil....

Brazil, EU 'optimistic' about clinching WTO deal

2008-12-03 00:00:00

GENEVA, Dec 2 (AFP): Brazil and the European Union's chief trade negotiators expressed optimism yesterday that a global trade liberalisation deal could be done, saying that there was increasing convergence in their views. "I think that ... to a large...

India's growth rate would be around 7.5pc in 2008-09

2008-12-03 00:00:00

JAIPUR, Dec 2 (PTI): Indian Prime Minister Manmohan Singh yesterday said despite economic recession and the difficult situation in western countries, India's growth rate would be maintained at around 7.5 per cent in 2008-09. The last quarter's report of the...

Japan revises fiscal 2007 growth higher to 1.9pc

2008-12-03 00:00:00

TOKYO, Dec 2 (AP): Japan revised its reading of fiscal 2007 economic growth higher to 1.9 per cent from 1.7 per cent Tuesday, citing a stronger-than-expected expected rise in capital investment.The main reason for the revision was that private-sector investment,...

Oil prices fall further below $50 in Asia

2008-12-03 00:00:00

SINGAPORE, Dec 2 (AFP): Oil prices fell further below 50 dollars in Asia today, touching fresh multi-year lows in a market worried over falling consumption, analysts said. In afternoon trade New York's main contract, light sweet crude for January delivery,...

Azmal, Musfiqur made BCPA's chairman, GS

2008-12-03 00:00:00

FE Report Krishibid M Azmal Hossain of FMC Chemical International and Krishibid Musfiqur Rahman of Haychem (Bangladesh) Limited have been elected chairman and general secretary (GS) of Bangladesh Crop Protection Association (BCPA) at the 28th annual general meeting (AGM) of...

Soybean cultivation gaining popularity in Faridpur

2008-12-03 00:00:00

Our CorrespondentFARIDPUR, Dec 2: Soybean cultivation is gaining popularity in the district year on year due to suitability of its soil. Local office of the Department Agriculture Extension (DAE) has undertaken a comprehensive scheme to cultivate soybean in the area...

Bumper Aman production in Khulna

2008-12-03 00:00:00

Our CorrespondentKHULNA, Dec 2: Aman paddy harvesting has been started in ten districts of Khulna division during the current season. The growers are expecting bumper output this season. A congenial climate has been prevailing this year in Khulna division for...

Azmal, Musfiqur made BCPA's chairman, GS

2008-12-03 00:00:00

FE Report Krishibid M Azmal Hossain of FMC Chemical International and Krishibid Musfiqur Rahman of Haychem (Bangladesh) Limited have been elected chairman and general secretary (GS) of Bangladesh Crop Protection Association (BCPA) at the 28th annual general meeting (AGM) of...

Myanmar PM urges exporting more rice

2008-12-03 00:00:00

YANGON, Dec. 2 (Xinhua): Myanmar Prime Minister General Thein Sein has urged agricultural entrepreneurs in the country to make greater efforts for exporting more rice, saying that the country has enough cultivable land to boost paddy production. Out of 17.6...

South Korea faces challenge as global slump hits exports

2008-12-03 00:00:00

SEOUL, Dec 2 (AFP): South Korea's export-driven economy is facing a massive challenge as the global economy goes into meltdown, President Lee Myung-Bak said today. He urged businesses to aggressively increase overseas shipments to help overcome the financial crisis that...

PRAN holds training on cooking, nutrition

2008-12-03 00:00:00

A four-day long free training programme on cooking, nutrition and beauty care organised by the PRAN Powder Spice ended in the city Sunday, says a press release. Huge number of women of different ages gathered with cheerful and festive mode...