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Oman faces rice shortage after Indian ban

2007-10-23 00:00:00

DUBAI, Oct 22 (PTI): Nearly two weeks after the ban imposed by India on the export of non-Basmati rice, Oman is facing its acute shortage and the prices of all varieties of rice are likely to shoot up further. Suppliers...

Philippines must shift farm spending to export crops

2007-10-23 00:00:00

MANILA, Oct 22 (AFP): Agricultural investments in the Philippines must shift to high-value export commodities to help lift millions of farmers out of poverty, the World Bank said today. The bank said 40 percent of the country's work force were...

Wal-Mart to fully acquire Japan's Seiyu For $875m

2007-10-23 00:00:00

TOKYO (AHN): US giant Wal-Mart Stores Inc. will take full control of leading Japanese retailer Seiyu Ltd., with a mission to prove that its "Everyday Low Prices" motto will work in Japan. The world's largest retailer announced Monday that it...

Two more float glass factories to be set up

2007-10-23 00:00:00

Refayet Ullah MirdhaTwo more float glass factories are being set up in the country as entrepreneurs see a phenomenal growth in the use of such product in expanding urbanisation.People are increasingly using float glass in windows and doors of their...

Passage of bill to widen doors for RMG export: Iftekhar

2007-10-23 00:00:00

Bangladesh has welcomed the introduction of a bill in the US House of Representatives seeking to provide better market access of Least Developed Countries' (LDCs') apparel products to American market, reports UNB.US Congressman Jim McDermott Wednesday introduced the 'New Partnership...

Australia, Bangladesh jointly to set up 50 mw power plant in Ishwardi EPZ

2007-10-23 00:00:00

M/s Monticore Technology Ltd, will set up a 50 mw Power Generation Plant in Ishwardi Export Processing Zone (EPZ) with a view to solving the power crisis of the Ishwardi EPZ and its surrounding area involving US$45 million, reports UNB.The...

IBBL signs instant cash service deal with Kuwaiti co

2007-10-23 00:00:00

FE ReportAn agreement on instant cash service has been signed recently between Islami Bank Bangladesh Ltd (IBBL) and Dollarco Exchange Company of Kuwait. The signing ceremony was held at the head office of Dollarco Exchange Co in Kuwait, said a...

Online foreign remittance gaining popularity in Bogra

2007-10-23 00:00:00

Our CorrespondentBOGRA, October 22: Online foreign remittance is gaining popularity in Bogra day by day as subscribers are drawing money within a short time from the senders. All banks in Bogra are providing their clients with online foreign remittance services...

New chairman, Vice-chairmen of SIBL

2007-10-23 00:00:00

FE ReportAkkas Uddin Mollah was elected chairman and Mohammad Hasan and Syed Nurul Arefeen were elected vice-chairmen of Shahjalal Islami Bank Ltd (SIBL) in the bank's 84th board meeting held in the city recently.Director of the bank Md Towhidur Rahman...

BGMEA welcomes US bill on RMG

2007-10-23 00:00:00

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) Monday welcomed the new US bill "the new partnership for development for act-2007", reports BSS.US Congressman McDermott placed the bill at the US Senate proposing free access of goods from the least...

GP clients to get spl discount on Rahimafrooz products

2007-10-23 00:00:00

FE ReportFrom now on, Grameen-phone (GP) Ltd subscribers will enjoy special rates on purchasing batteries, tyres, lubricants, IPSs, and UPSs available at the seven sales outlets of Rahimafrooz Distribution Ltd, said a press release.An agreement to this effect was signed...

Cash-crunch hits B'baria pottery business

2007-10-23 00:00:00

Our CorrespondentBRAHMANBARIA, Oct 22: Pottery business in the district is seriously affected as the potters here are facing dearth of capital to run their business, sources said.In the situation, many potters have already left their ancestral profession, as they have...

banglalink signs MoU with CEGIS

2007-10-23 00:00:00

FE Reportbanglalink and Centre for Environmental and Geographic Information Services (CEGIS) have signed a memorandum of understanding (MOU) in the city recently, said a press release.As per the MoU, CEGIS will be able to disseminate early flood-warning to the disaster...

IBBL Mudaraba Perpetual Bond lottery Thursday

2007-10-23 00:00:00

FE ReportThe lottery for share allotment of Islami Bank Bangladesh Ltd (IBBL) Mudaraba Perpetual Bond will be held Thursday at 11-00 am at the city's Bangladesh-China Friendship Conference Centre.The IBBL floated the bond worth Tk 1.50 billion in a repeat...

AED organises training course for farmers

2007-10-23 00:00:00

Our CorrespondentBRAHMANBARIA, Oct 22: The Agriculture Extension Department (AED) organised a two-day training course for farmers on "apply the modern technology to agriculture" at the district AED office recently.Deputy Director of the local AED Md Rafiqul Islam inaugurated the programme.A...

NCC Bank organises foundation training for officers

2007-10-23 00:00:00

FE ReportNCC Bank Limited Training Institute arranged the month-long 34th Foundation Training Course for the newly recruited probationary officers of the bank. Chairman of the bank Tofazzal Hossain inaugurated the training course as the chief guest in the city Monday,...

PetroChina mulls $5b Shanghai IPO

2007-10-23 00:00:00

SHANGHAI, Oct 22 (AFP): PetroChina, the nation's largest oil producer, announced it expects to sell about US$5.0 billion dollars of stock on the Shanghai stock exchange next month, state media reported Monday. The company is expected to raise 37.77 billion...

Alibaba.com to unveil listing to investors

2007-10-23 00:00:00

HONG KONG, Oct 22 (AFP): Chinese online trading firm, Alibaba.com, was Monday set to give retail investors details of its Hong Kong listing, in what is expected to be the largest Internet initial public offering (IPO) ever by a mainland...

Global stock markets face fresh rout

2007-10-23 00:00:00

LONDON, Oct 22 (AFP): World equity markets spiralled lower Monday as Asia and Europe took their cue from a pre-weekend Wall Street slump sparked by renewed US economic fears, credit concerns and record high oil prices. Investors were rattled by...

Hu stronger as China unveils new leadership team

2007-10-23 00:00:00

BEIJING, Oct 22 (AFP): China Monday unveiled a new leadership team expected to give President Hu Jintao a stronger hand in ruling the country for five more years while a successor is groomed to take over in 2012. Hu, 64,...

Turkish convoy heads towards Iraq border

2007-10-23 00:00:00

SIRNAK, (Turkey), Oct 22 (Agencies) : Dozens of military vehicles headed toward the Iraq border and protesters demanded tough action against Kurdish rebels Monday, a day after 12 soldiers were killed in an ambush. The attack has pushed Turkey closer...

Maldives fears foreign terror cells as religious tensions rise

2007-10-23 00:00:00

MALE, Oct 22 (AFP): The Maldives has begun a crackdown on militant groups in an effort to prevent international terror networks from setting up cells here, President Maumoon Abdul Gayoom told AFP. The president said a small minority of the...

27 dead in Sri Lanka Tiger land and air strike: military

2007-10-23 00:00:00

COLOMBO, Oct 22 (AFP): At least seven Sri Lankan airmen and 20 rebels were killed in an unprecedented Tamil Tiger coordinated ground and air attack, military officials said Monday. A four-member crew of a Bell-212 helicopter gunship were killed when...

Bhutto's party slams proposed ban on rallies

2007-10-23 00:00:00

ISLAMABAD, Oct 22 (AFP): Pakistan's government rejected Monday former premier Benazir Bhutto's demand for international experts to help find those behind last week's devastating suicide attack. "We reject the demand for involvement of foreign experts in the probe. Our own...

Baghdad bomb blasts kill six

2007-10-23 00:00:00

BAGHDAD, Oct 22(AFP): A bomb attack on a bus and a series of roadside bomb blasts in Baghdad on Monday left at least six people dead and dozens wounded, police and medics said. The bus was carrying civilians to work...

Lebanon delays presidential vote to November 12

2007-10-23 00:00:00

BEIRUT, Oct 22 (AFP): A special session of the Lebanese parliament to choose a new president has been delayed from Tuesday to November 12, parliament speaker Nabih Berri announced on Monday. "The parliament speaker has decided to postpose the session...

news digest

2007-10-23 00:00:00

Australia's Howard beaten in election debate: media SYDNEY, Oct 22: Australia's opposition leader beat the prime minister in an election debate marred by controversy when a national television network's coverage was deliberately cut, media said Monday. Labor Party chief Kevin...

Barisal beats Chittagong by 5 wickets, Khulna makes draw against Dhaka

2007-10-23 00:00:00

Barisal Division earned a five-wicket win over Chittagong Division in the 1st round four-day match of the Ispahaini Mirzapore Tea 9th National Cricket League on the final day Monday at the Shahed Chandu Stadium (SCS) in Bogra, reports UNB.In the...

Rajshahi Div crushes Sylhet Div

2007-10-23 00:00:00

Rajshahi Division made a flying start in the Ispahani Mirzapore Tea 9th National Cricket League with an outright eight-wicket victory over Sylhet Division on the 4th and final day of the first four-day match at the Rajshahi Divisional Stadium today...

Orient Bread Tokai Kabaddi Competition begins tomorrow

2007-10-23 00:00:00

The Orient Bread Tokai Kabaddi Competition, organised by Bangladesh Kabaddi Federation and sponsored by Orient Bread, begins tomorrow (Wednesday) at the Kabaddi Stadium in the city, reports UNB.Six teams split into two groups will take part in the competition. Later,...