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Meltdown in US economy and subprime mortgage loan crisis

2008-11-22 00:00:00

A.K.N. AhmedTHE suggestions that have so far come forward to set right the global financial system are piecemeal, partial and rather superficial. All are essentially aimed at mending the broken system and not ending it. For example, John Gieve, Deputy...

The enigma of being human

2008-11-22 00:00:00

Syed Fattahul AlimWith major breakthroughs in science and technology, we are not only getting more aware of our surroundings day by day, we are also becoming more knowledgeable about ourselves. By ourselves is meant here the black box that controls...

Contract Bridge is an intellectual game, Duplicate Bridge is a game of skill

2008-11-22 00:00:00

ABM AhsanullahDoyen of journalists late Abdus Salam was a great enthusiast and an avid bridge player. He used to play bridge regularly. During his time, mostly Rubber Bridge was being played. Nonetheless, in the context of the game of Bridge,...

Markets see no quick fix for Romania policy blunders

2008-11-22 00:00:00

Marius Zaharia No matter who wins Romania's general election this month, none of the main contenders is committed to the cuts in spending needed to reduce the risk of a currency crisis, spelling more trouble ahead for local markets. Analysts...

Suicidal for Bangladesh to allow the grabbing of its sea territories

2008-11-22 00:00:00

Enayet RasulIt is not a name that has been created by Bangladesh such as the name Myanmar is a new one compared to the age-old name of Burma that identified this country. The name Bay of Bengal has been used...

US influence on the decline?

2008-11-22 00:00:00

Greg Miller A new assessment by US intelligence agencies predicts that American influence in the world will decline over the next two decades as surging powers such as China and India, as well as independent entities including tribes and criminal...

Australia summer oil imports fade as demand falls

2008-11-22 00:00:00

Fayen WongAustralia's summer oil imports, typically robust amid strong gasoline demand over the holiday season, are set to weaken from a year ago as oil refiners trim output due to poor margins and slackening fuel demand.The country's thirst for overseas...

Prices of most essentials rise, rice decline in city markets

2008-11-22 00:00:00

FE ReportPrices of edible oil, onion, ginger, garlic and green chili increased at the city's retail level during the last week as the holy Eid-ul-Azha celebration draws nearer. Prices of different varieties of rice,however, declined by Tk 1-Tk 2 per...

MTBL signs MoU with SDI, LSBPC

2008-11-22 00:00:00

FE ReportMutual Trust Bank Limited (MTBL) signed a memorandum of understanding (MoU) with Society for Development Initiatives (SDI) and Leather Sector Business Promotion Council (LSBPC) at its head office in the city recently, said a press release.MTBL Managing Director Kazi...

Call rate remains steady

2008-11-22 00:00:00

Sarwar ZahanThe inter-bank call money rate remained steady last week although the government regularly withdrew cash from the market using its various tools, fund managers said.The market was active throughout the week with a strong demand for cash. The liquidity...

BRAC Bank opens two new branches in Dhaka, N'ganj

2008-11-22 00:00:00

FE Report BRAC Bank Limited Thursday opened two branches of the bank -- one at Sonargaon Shopping Complex in Narayanganj district and the other at Donia Bishwa Road in the city, said a press release.BRAC Bank Managing Director and Chief...

weekly currency roundup

2008-11-22 00:00:00

November 16 - November 20, 2008Commercial Bank of CeylonUS dollar maintained its upbeat tone against Bangladeshi taka, which was expected to remain until the end of the current month. Most of the banks were unwilling to sell their dollar-holding anticipating...

Obama is 'on track' to nominate Clinton as secretary of state

2008-11-22 00:00:00

WASHINGTON, Nov 21 (AP): US President-elect Barack Obama is "on track" to nominate Hillary Clinton as secretary of state within a week, according to US media reports.A Democratic Party official was quoted as saying the move would be made public...

Iraqis protest against troop deal

2008-11-22 00:00:00

BAGHDAD, Nov 21 (AFP): Thousands of people have gathered in Baghdad to protest against a proposed deal to allow US troops to remain in Iraq once their UN mandate expires.The demonstration was called by the Shia cleric, Moqtada Sadr, who...

Indian PM appeals against caste, religious divisions

2008-11-22 00:00:00

NEW DELHI, Nov 21 (AFP): Prime Minister Manmohan Singh urged Indians Friday to reject centuries of ethnic and religious divisions, warning that they would be manipulated by politicians to fracture the country. His comments follow the recent arrests of Hindu...

Informal curfew is in place in Srinagar ahead of vote

2008-11-22 00:00:00

SRINAGAR, Nov 21 (Reuters): An informal curfew is in place in the city of Srinagar in Indian-administered Kashmir, ahead of the second phase of elections for a new state government.There has been no official announcement about the curfew, but the...

Five killed in blast at funeral of a Shia cleric in Pakistan

2008-11-22 00:00:00

DERA ISMAIL KHAN, Nov 21 (AFP): Five people have been killed in a blast at the funeral of a Shia cleric in north-western Pakistan, police say.Several others were injured in the explosion, in the town of Dera Ismail Khan, reports...

US global dominance 'set to wane'

2008-11-22 00:00:00

US economic, military and political dominance is likely to decline over the next two decades, according to a new US intelligence report on global trends, according to Internet.The National Intelligence Council (NIC) predicts China, India and Russia will increasingly challenge...

Divisions cloud meeting of Nepal's ruling Maoists

2008-11-22 00:00:00

KATHMANDU, Nov 21 (AFP): Nepal's ruling Maoists began a national meeting Friday to hammer out their political future, with leftist hardliners arguing for greater state control in all sectors. The Maoists are now Nepal's largest party, after winning polls earlier...

news digest

2008-11-22 00:00:00

Olmert to head to US for 'farewell' talks with Bush JERUSALEM, Nov 21: Israeli Prime Minister Ehud Olmert heads to Washington Sunday for a "farewell" meeting with President George W. Bush, with Iran's nuclear drive set to overshadow sluggish Mideast...

Simpler regulations 'will facilitate entrepreneurship growth' in country

2008-11-22 00:00:00

FE ReportSimpler regulations can facilitate entrepreneurship growth in Bangladesh, especially in the SME sector, which can create more employment opportunities in the country, said Apurba Kumar Biswas, chief executive officer (CEO) of Regulatory Reforms Commission (RRC). He said, improper regulations...

Law enforcers asked to arrest criminals ahead of JS polls

2008-11-22 00:00:00

Home Adviser Maj Gen (retd) Abdul Matin said Friday that the government has directed the law enforcing agencies to arrest the criminals who might be a threat to holding of free, fair and peaceful general elections, reports UNB.The process of...

Ctg land owners in rush to get bldg approval plan

2008-11-22 00:00:00

Our CorrespondentCHITTAGONG, Nov 21: Land owners seeking building plan approvals from the Chittagong Development Authority (CDA) have been increasing recently. More than four hundred applications have been submitted within the last few days which is much higher compared to any...

Indian educational institutions make significant contribution to transmission of knowledge

2008-11-22 00:00:00

Indian High Commission in Dhaka in cooperation with Indian Council for Cultural Relations (ICCR) organised a reception in the city Thursday to celebrate the Alumni Day, International Students Day and Education Day, reports UNB.Addressing the gathering, mostly comprising Bangladesh nationals...

WZ Railway earns Tk 1.78b

2008-11-22 00:00:00

RAJSHAHI, Nov 21 (BSS): The west zone of the Bangladesh Railway (BR) has earned Tk 1.78 billion (178 crore) by carrying passengers and goods during the last one year, which is Tk 400 million more than that of the previous...

City of London College observes 10th yr of presence in Bangladesh

2008-11-22 00:00:00

FE ReportCity of London College (CLC), one of the oldest and leading private institutions based in the United Kingdom, has recently observed the 10th year of its presence in Bangladesh.The celebration came at a time when the institution has been...

Behrouze Ispahani re-elected chairman of Islamia Eye Hospital Society

2008-11-22 00:00:00

The annual general meeting (AGM) of the Islamia Eye Hospital Society for 2008 was held at the hospital's auditorium in the city Friday, said a press release. Mirza Ali Behrouze Ispahani, chairman of the Society, presided over the meeting. The...

Aga Khan award for architecture held

2008-11-22 00:00:00

The Aga Khan Award for Architecture held Thursday a ceremony in Rudrapur village in Dinajpur in celebration of the 2007 Aga Khan Award for the school in Rudrapur, said a press release.The function focused on the contributions made to the...

Bangladeshi painting exhibition in Pakistan begins Dec 5

2008-11-22 00:00:00

A one month painting exhibition of Bangladeshi painters titled "Colours of Bangladesh" will begin at National Art Gallery in Islamabad on December 5, reports UNB.Minister for Information and Broadcasting of Pakistan government Sherry Rehman is expected to inaugurate the exhibition,...

Army Chief lays foundation stone of 'Sena Shahayak School'

2008-11-22 00:00:00

Army Chief Gen Moeen U Ahmed laid foundation stone of the main building of 'Sena Shahayak School' for handicapped children of armed forces personnel at Dhamalcoat, Dhaka Cantonment Friday, reports UNB.Addressing on the occasion, Army Chief wished success of the...