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Protect the process to separate judiciary

2008-12-31 00:00:00

K. M. MuktaIN the evolutionary and zigzag history of human civilization, we do not discover or invent any alternative platform other than the judiciary to protect and preserve life and property of the people. In this context, separation and independence...

Election 2008, victory month and the young

2008-12-31 00:00:00

Md. Anwarul KabirAN unprecedented national election has been held in a fully different context and political climate. Holding this election in the month of victory has added to it a unique dimension too. In applying franchise right, presumably this time,...

Forgotten flowering

2008-12-31 00:00:00

Roula KhalafA Muslim Brotherhood supporter pleads with Egyptian riot police outside a closed polling station in 2005. Cairo has since cracked down further Only two years ago, political Islam was staging a stunning comeback across the Arab world. In the...

Global growth seen weak as Japan mulls fresh aid

2008-12-31 00:00:00

LONDON/SINGAPORE, Dec 30 (Reuters): Global growth will be very weak next year, a senior European banker warned Tuesday, while Japan reportedly considered a 110-billion-dollar scheme to buy bad loans from banks, the latest in a series of government moves aimed...

Russia's economy suffered from 'negative dynamic' in Q4

2008-12-31 00:00:00

MOSCOW, Dec 30 (AFP): Russia's economy suffered from a "negative dynamic" in the fourth quarter due to the global economic crisis but growth in 2008 will still be six per cent, Prime Minister Vladimir Putin said yesterday. With the downturn...

ADB warns of 'another difficult year' for Vietnam

2008-12-31 00:00:00

HANOI, Dec 30 (AFP): The Asian Development Bank (ADB) yesterday signed loans worth 60 million dollars for anti-poverty and tourism projects in Vietnam, warning that "2009 will be another difficult year" for the country. The ADB's country chief Ayumi Konishi...

S Korea's pension fund set to post first loss

2008-12-31 00:00:00

SEOUL, Dec 30 (AFP): South Korea's state pension fund - the country's largest institutional investor-will post its first-ever loss this year due to tumbling stock prices, officials said today. The ministry of health, welfare and family affairs, which supervises the...

China, Kuwait pledge to step up economic co-op

2008-12-31 00:00:00

KUWAIT CITY, Dec 30 (Xinhua): Visiting Chinese Vice Premier Li Keqiang and Kuwaiti Prime Minister Sheikh Nasser Al-Mohammad Al-Ahmad Al-Sabah agreed to expand economic and energy cooperation between the two countries during their meeting here yesterday. "China and Kuwait should...

Venezuelan economy grows 4.9pc in 2008

2008-12-31 00:00:00

CARACAS, Dec 30 (AP): Venezuela says its economy grew 4.9 per cent this year - the slowest expansion since 2003.The South American nation has seen strong economic growth in the past few years thanks in large part to high oil...

Oil above $40 as investors eye Gaza conflict

2008-12-31 00:00:00

SINGAPORE, DEC 30 (AP): Oil prices hovered above $40 a barrel Tuesday in Asia on investor concerns the conflict between Israel and Hamas could further heighten tensions in the oil-rich Middle East. Light, sweet crude for February delivery rose 22...

Rio Tinto urges Guinea to honour iron ore deal

2008-12-31 00:00:00

SYDNEY, Dec 30 (AFP): Mining giant Rio Tinto has called on the new military leadership of Guinea to allow a six billion US dollar iron ore mine to go ahead, and said today it was seeking a "good faith" meeting...

Fuel consumption declines in India as economy slowing

2008-12-31 00:00:00

NEW DELHI, Dec 30 (PTI): In a clear sign of slowing economic activity in the country, India's fuel consumption grew by just two per cent in November and the most used diesel sales showing moderation for the second month in...

S Korea announces $28.5b energy plan

2008-12-31 00:00:00

SEOUL, Dec 30 (AFP): South Korea today announced a massive investment plan to build more power plants, including 12 new nuclear reactors in the next four years, to meet growing energy demand. It plans to spend 37 trillion won (28.5...

China's 2008 crude production up 1.6pc

2008-12-31 00:00:00

SHANGHAI, Dec 30 (AFP): China is expected to produce a total of 189 million tonnes of crude oil in 2008, an increase of 1.6 per cent over last year, state media reported today. PetroChina, the nation's leading oil producer, released...

Taka depreciates against US dollar marginally again

2008-12-31 00:00:00

FE Report Bangladesh taka (BDT) was depreciated marginally by 0.04 per cent against the US dollar Tuesday, the last working day of this calendar year following a rise in demand for the greenback in the market. US dollar was traded...

Pubali Bank opens 366th branch in Cox’s Bazar

2008-12-31 00:00:00

Pubali Bank Limited inaugurated its 366th branch at Chakoria in Cox's Bazar recently, says a press release. Pubali Bank Director Ahmed Shafi Chaodhury inaugurated the branch while Managing Director Helal Ahmed Chowdhury presided over the inaugural function.In his speech, Ahmed...

Call rate, dollar maintain steady levels

2008-12-31 00:00:00

FE Report The inter-bank call money rate was steady Tuesday despite higher demand for fund, as the central bank injected fresh cash into the market to ease pressure on liquidity. The US dollar also remained stable against Bangladesh taka (BDT)...

Trading of Maksons Spinning, National Housing begin tomorrow

2008-12-31 00:00:00

FE ReportThe trading of Maksons Spinning Mills Limited and National Housing Finance and Investment Limited will begin tomorrow (Thursday) on Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE). The Dhaka Stock Exchange (DSE) board in a recent meeting approved...

Call to lift quota system in old clothes import

2008-12-31 00:00:00

Our CorrespondentCHITTAGONG, Dec 30: A large number of dwellers of the port city, specially lower income people, depends on old clothings during the winter but high prices have put them in a difficult situation.Bangladesh Old Clothes Traders Welfare Association (BOCWA)...

EBL opens new branch in city

2008-12-31 00:00:00

FE ReportEastern Bank Limited (EBL) opened its 33rd branch at Moghbazar in the city recently, said a press release. EBL Chairman Mir Nasir Hossain inaugurated the branch of the bank at a simple ceremony. Also present at the inaugural ceremony...

Asian markets mixed as painful ’08 draws to close

2008-12-31 00:00:00

HONG KONG, Dec 30 (AFP): Asia's stock markets closed mixed today as investors stayed away ahead of the new year holiday while some of the region's indexes brought the curtain down on a punishing year. Dealers waited in the wings...

AKTEL brings 'News On Demand'

2008-12-31 00:00:00

AKTEL has brought a new and first ever service in Bangladesh, AKTEL ETV news called 'News On Demand', says a press release. AKTEL is the first operator to launch this Wireless Application Protocol (WAP)-based service in Bangladesh with 'Software Shop...

Grapes cultivation gains popularity in N-region

2008-12-31 00:00:00

Our CorrespondentRANGPUR, Dec 30: Grape cultivation is gradually gaining popularity in the northern region and the growers are earning handsomely by selling their products. According to the agriculturists, the soil and climate of Dinajpur, Rangpur, Thakurgaon and Panchagarh are suitable...

IBBL opens 10th SME centre

2008-12-31 00:00:00

Islami Bank Bangladesh Limited (IBBL) inaugurated its 10th SME Service Center at Zirani Bazar of Ashulia near the city Sunday, says a press release. IBBL Director Md. Eskander Ali Khan inaugurated the service center. Managing Director M. Fariduddin Ahmad presided...

Jute Spinners AGM approves 20pc cash dividend

2008-12-31 00:00:00

The 29th annual general meeting (AGM) of Jute Spinners Limited has approved 20 per cent cash dividend for its shareholders for the year 2007-2008.The AGM was held in the city recently. Chairman of the company Muhammad Shams-ul Haque presided over...

European stock-index futures climb

2008-12-31 00:00:00

LONDON, Dec 30 (Bloomberg): European stock-index futures advanced, tracking gains in Asia, on optimism that higher oil and metals prices will boost earnings at energy and raw-material companies. US index futures rose.BHP Billiton Limited, the world's biggest mining company, increased...

corporatewatch

2008-12-31 00:00:00

DSE/CSE remain close todayTrading at the DSE and CSE will remain closed today (Wednesday) due to bank holiday.City Bank board revalues bank's assetsThe board of directors of the City Bank has approved the revaluation of bank's following assets conducted by...

Israel pounds Gaza for fourth day, 10 dead

2008-12-31 00:00:00

Israeli jets have attacked the Gaza Strip for a fourth day, with raids on a number of Hamas government buildings and security installations, report agencies.Air strikes early Tuesday killed at least 10 people, medical officials in the coastal enclave said.UN...

Opposition 'wins' Ghana election

2008-12-31 00:00:00

Opposition candidate John Atta Mills says he has won Ghana's election run-off, with official results expected to be released shortly reports AFP."The figures show clearly that I have won the election. I am only waiting for the electoral commissioner to...

Pakistan urges India to resume dialogue, relocate troops

2008-12-31 00:00:00

ISLAMABAD, Dec 30 (AFP): Pakistan Tuesday called for negotiations with India and asked New Delhi to relocate its troops away from the border in a show of goodwill to defuse tensions between the nuclear-armed neighbours.The proposals from Foreign Minister Shah...