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Plan to turn Ctg lake into recreation hub

2007-10-30 00:00:00

Our CorrespondentCHITTAGONG, Oct 29: As part of the flourishing tourism industry in the port city, the Chittagong Development Authority (CDA) has planned to establish Big Deba, a lake at the city's Agrabad commercial area, as one of the modern recreation...

Farmers achieve spectacular success cultivating BRI-33

2007-10-30 00:00:00

KURIGRAM, Oct 29 (UNB): When thousands of farmers are passing their days with great anxiety due to pest attack on their paddy field, some 2,652 farmers, who cultivated BRI-33 variety, are celebrating paddy harvest festival in the district. While visiting...

Army Chief visits Boston, meets Jack R Meyer

2007-10-30 00:00:00

Bangladesh Army Chief General Moeen U Ahmed on a visit to Boston recently met Jack R Meyer, Chairman of the Board of the Asian University for Women Support Foundation and Senior Managing Partner & CEO of the hedge fund Convexity...

Starwood Hotels support child immunisation in Bangladesh

2007-10-30 00:00:00

FE ReportStarwood Hotels and Resorts renewed their pledge to help children secure their rights through strengthening their ongoing partnership with UNICEF.It was stated at a press conference organised by the Dhaka Sheraton Hotel. It also focused on the Starwood Hotels...

Police yet to nab culprits, alleges journalist

2007-10-30 00:00:00

FE ReportPolice is yet to nab the real culprits who chopped a noted journalist Shahed Zahidi on the city's Road No. 27 at 11m on September 27 last.Talking to the FE, Zahidi said a group of armed muggers chopped him...

Al Gore, you go ahead! We all are behind you

2007-10-29 00:00:00

Maswood Alam KhanPEACE has traditionally been viewed as absence of war and health absence of disease. Millions of people have died and megatons of money have been spent in fights against wars and diseases to convey peace and tranquility. Those...

Debate over FDI

2007-10-29 00:00:00

Mohammad Farhad HossenTHE issue is not foreign direct investment (FDI), but finance for development. Whether FDI is a source of development finance -- and how significant it is -- is an open question. Sometimes the issue of FDI is presented...

Corrupting of youth

2007-10-29 00:00:00

THE unearthing of the underworld that led to the arrests of a number of criminals who were running a trade in drugs, sex and perversions, exploiting the youth of rich homes and inciting also the middle class ones in the...

Privatisation, a possible antidote to corruption

2007-10-29 00:00:00

Shamsul Huq Zahid IT is a welcome development that the taskforce of the national coordination committee on serious crimes has started investigation into corruption and other irregularities in Zia International Airport, Chittagong Port Authority and Customs, Dhaka City Corporation (DCC),...

Rosy forecasts come with an economic health warning

2007-10-29 00:00:00

Martin WolfSMALL earthquake: few hurt. This is what the International Monetary Fund is saying in its latest World Economic Outlook: world output grew 5.4 per cent last year and will grow 5.2 per cent this year and 4.8 per cent...

Taxpayers must have assurance

2007-10-29 00:00:00

Ferdous AlamGovernment leaders time and again emphasise in their statements that many with the ability to pay are not paying taxes or paying less than they should. But this is only one side of the picture. The other side shows...

Economic policy for wealth creation

2007-10-29 00:00:00

EVEN the importers of energy drinks and similar products can claim that they are contributing to value addition since their efforts involve marketing and distribution. However, it is questionable whether such activities are consistent with the goals of appropriate economic...

Challenge of democracy in Pakistan

2007-10-29 00:00:00

WHAT can we say? Pakistan's 9/11, Benazir Bhutto's suicide welcome or invulnerable attack against global democracy.Bhutto escaped unhurt from the twin bllasts that killed 136 people and wounded hundreds so far.Bhutto certainly doesn't have to look very hard to find...

Germany tempted to lock up its industrial jewels

2007-10-29 00:00:00

FRANKFURT, Oct 28 (AFP): Germany's fractious coalition government has an issue both sides agree on-the need to protect key industries, the country's crown jewels, from hostile foreign takeovers. Several initiatives were floated last week that aimed to head off investors...

Africa: China cashes in

2007-10-29 00:00:00

BEIJING, Oct 28 (AFP): China's government may have high- profile political and strategic reasons for seeking closer ties with Africa, but its companies are on the continent mostly for the money, analysts say. A case in point is the move...

India, Oman to sign labour MoU

2007-10-29 00:00:00

DUBAI, Oct 28 (PTI): India and Oman will sign a Memorandum of Understanding on labour, employment, and man power in December, according to Minister of Overseas Indian Affairs Vayalar Ravi. An Indian delegation had visited Muscat last month at the...

Environment linked with multilateral trading system: Lamy

2007-10-29 00:00:00

NEW DELHI, Oct 28 (PTI): At a time when India is faced with a "false" Non-Governmental Organisation campaign on child labour and human rights violation by its industry, WTO chief Pascal Lamy has said environment is linked with the multilateral...

Slowdown takes shine off S Africa's mini-budget

2007-10-29 00:00:00

CAPE TOWN, Oct 28 (AFP): As South Africa's economic growth slows and inflation heats up, Finance Minister Trevor Manuel will present a medium-term budget Tuesday with decidedly less to smile about than six months ago. While analysts expect Manuel to...

Hyundai eyes non-EU market for doubling exports

2007-10-29 00:00:00

NEW DELHI, Oct 28 (PTI): Hyundai Motors, the largest car exporter from India, is aiming to more than double its overseas shipments to three lakh units by next year, for which it is venturing into new non-European markets. "In line...

Indonesia's record-breaking bridge on shaky foundations

2007-10-29 00:00:00

JAKARTA, Oct 28 (AFP): Indonesia has brushed aside fears of graft and disaster to pursue plans to build the world's largest suspension bridge-in one of the most earthquake-prone areas on earth. The planned Sunda Strait bridge will cross at least...

Long-haul budget pioneer soars on sense of 'mission'

2007-10-29 00:00:00

HONG KONG, Oct 28 (AFP): Despite a disastrous inaugural flight, Oasis Airlines, the world's first long-haul budget operator, is packing in flyers one year later. And the couple who founded the Hong Kong upstart believe a mix of excellent customer...

'Emerging markets double their share in global pharma market'

2007-10-29 00:00:00

NEW DELHI, Oct 28 (PTI): Driven by robust growth in India and China, share of emerging markets in the global pharmaceutical industry has more than doubled to 32 billion dollar in 2006 from 15 billion dollar in 2001, a report...

SIBL holds periodical meeting

2007-10-29 00:00:00

FE ReportA periodical review meeting of the branch managers of Social Investment Bank Limited (SIBL) was held at its head office in the city Saturday. SIBL Managing Director KM Ashaduzzaman presided over the conference while the bank's Chairman Abdul Awal...

High oil prices hit Chinese petrol stations

2007-10-29 00:00:00

BEIJING, Oct 28 (AFP): Record world oil prices are forcing Chinese petrol stations to close temporarily due to lack of supplies, state media said today. Petrol stations were reported closing in the southern provinces of Guangdong and Fujian and in...

Rising prices an election obstacle for Malaysian govt

2007-10-29 00:00:00

KUALA LUMPUR, Oct 28 (AFP): Malaysia's economy is riding high on a commodities boom, but public anger over rising prices and a looming US slowdown could spell trouble for the government as it heads towards elections. Prime Minister Abdullah Ahmad...

Inflation fears mar Vietnam's boom

2007-10-29 00:00:00

HANOI, Oct 28 (AFP): Vietnam's blistering economic growth is attracting foreign investors, but the boom is proving costly for households, which face big rises in the price of basic products such as rice. Consumer prices rose 9.34 per cent year-on-year...

Latvia's real estate star falls

2007-10-29 00:00:00

RIGA, Oct 28 (AFP): With real estate prices having risen 500 per cent since 2002, Latvia has long been an investment hot- spot where the sector has outstripped its counterparts in EU member states. But the Baltic state's property firms...

ICAB president off to Geneva

2007-10-29 00:00:00

ICAB President M Farhad Hussain left Dhaka for Geneva, Switzerland to attend a technical workshop on 'Financial Reporting and Transparency in the Extractive Industries' to be held Monday. He will also attend the 24th session of the UNCTAD ISAR meeting...

China keeps close farm produce trade ties with six ASEAN countries

2007-10-29 00:00:00

NANNING, Oct 28 (Xinhua): China keeps close ties with six members of the Association of Southeast Asian Nations (ASEAN) in the trade of agricultural products, with both import and export of the products accounting for more than 90 per cent...

Chief Adviser for increasing Bangladesh-Bhutan trade

2007-10-29 00:00:00

Chief Adviser (CA) Fakhruddin Ahmed Sunday called for making all out efforts to increase existing trade volume between Bangladesh and Bhutan for the mutual benefit, reports BSS. Tremendous potential of raising bilateral trade between the two countries existed and it...