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China's Communist Party selects new leadership body

2007-10-22 00:00:00

BEIJING, OCT 21 (AP): President Hu Jintao boosted his political clout Sunday, getting China's Communist Party elite to endorse a signature policy program and approving the retirement of a powerful rival. How deftly Hu maneuvered eight days of high-level parleys...

EU team visits Bagerhat shrimp factory

2007-10-22 00:00:00

BAGERHAT, Oct 21 (UNB): A fact-finding European Union delegation visited a frozen shrimp export factory and a demonstration farm run by the Fisheries Department in the coastal district today (Sunday) to examine the quality of exportable shrimps.The two members of...

Badiur Rahman walks out on govt

2007-10-22 00:00:00

Outgoing NBR chairman Badiur Rahman Monday said he had sought voluntary retirement from public service. "I have failed to please my master. I have never bowed my head to anybody except Allah in my life," Rahman told reporters at the...

Stealing of railway sleepers, parts becomes rampant

2007-10-22 00:00:00

Our CorrespondentRAJSHAHI, Oct 20: Stealing of sleepers and other equipment from the Rajshahi-Ishwardi rail track has become rampant.The costly machinery include metallic pedal clip, dog spike, bearing plate, hook bold, nuts and screws which is essential for smooth running of...

DP World to raise $3.5b thru’ IPO

2007-10-22 00:00:00

DP World Limited, the Dubai-owned ports company with terminals from the UK to China, plans to raise at least US$3.50 billion in an initial public offering (IPO) as the emirate turns to asset sales to attract international investors, reports Bloomberg....

US calls for codes of conduct for state investment funds

2007-10-22 00:00:00

WASHINGTON, Oct 21 (AFP): US Treasury Secretary Henry Paulson said Saturday the IMF and governments should draft codes of conduct for cash-rich state investment funds that have raised national interest concerns in the United States and Europe. "The increase in...

Indian stocks fall on selling pressure

2007-10-22 00:00:00

MUMBAI, Oct 21: The market posted losses Friday for the fourth straight day, on sustained selling pressure triggered by worries that official attempts to moderate FII inflows would see foreigners pull out funds, according to Internet.The market declined sharply in...

Stocks sink on '87 crash anniversary

2007-10-22 00:00:00

NEW YORK, Oct 21 (Reuters): Caterpillar Inc.'s warning that the housing slump was infecting the wider economy sent US stocks tumbling by the most in more than two months Friday, in a drop that was made more unnerving as it...

CPA fines 23 vessels

2007-10-22 00:00:00

CHITTAGONG, Oct 21: The Chittagong Port Authority (CPA) has fined a total of 23 vessels of about Tk 0.30 million on charges of non payment of huge amount of outstanding taxes, according to CPA sources.Chittagong Port (CP) Magistrate Munir Chowdhury...

Blackstone’s Hilton Hotels takeover cleared

2007-10-22 00:00:00

BRUSSELS, Oct 21 (AFP): The European Commission cleared Friday Blackstone Group's purchase of US-based Hilton Hotels Corporation, a buyout which would create the world's biggest hotel concern. "The Commission has concluded that the transaction would not significantly impede effective competition"...

ABN gets offer for Saudi Hollandi stake

2007-10-22 00:00:00

RIYADH, Oct 21 (Reuters): Dutch bank ABN AMRO has received offers for its 40 per cent stake in Saudi Hollandi Bank, the Saudi lender's chairman, Sulaiman al-Suhaimi, said in remarks published Sunday. ABN has informed Hollandi that it had received...

WB to continue its support to spur economic growth

2007-10-22 00:00:00

The World Bank (WB) will continue its support to Bangladesh to accelerate economic growth and poverty reduction, reports BSS. Managing Director of the WB Graeme Paul Wheeler stated this during his meeting with Finance Adviser AB Mirza Azizul Islam Saturday...

Laotian minister wants closer business ties with Bangladesh

2007-10-22 00:00:00

The visiting First Vice Foreign Minister of Laos, Phongsavath Boupha, Sunday called upon Bangladeshi businessmen to promote trade relations between the two countries, reports BSS. He gave the call while exchanging views with leaders of the Dhaka Chamber of Commerce...

Rajshahi city corpn in grip of financial crisis

2007-10-22 00:00:00

Our correspondentRAJSHAHI, Oct 21: Rajshahi City Corporation (RCC) is facing an acute financial crisis. The employees and staff of the RCC are also anxious about getting their salaries regularly. Specially, the master roll employees have turned into a burden for...

Cox's Bazar still flooded with tourists

2007-10-22 00:00:00

Our CorrespondentCHITTAGONG, Oct 21: The tourist city of Cox's Bazar with the longest sea beach of the world is still flooded with the tourists. After Eid-ul-Fitr, one of the two biggest religious festivals of the Muslims, members of the Hindu...

DAE undertakes programme to produce winter crops in N-region

2007-10-22 00:00:00

Our CorrespondentSIRAJGANJ, Oct 21: The Department of Agriculture Extension (DAE) has undertaken a massive programme to produce a record amount of winter crops in the country's Northern region this year, DAE sources said. Under the programme, a target has been...

CNG drivers in Ctg charge excess fare from passengers

2007-10-22 00:00:00

Our CorrespondentCHITTAGONG, Oct 21: Passengers have rather become hostage to drivers of CNG driven auto-rickshaws in the port city and its adjoining areas of the district. The drivers realise excess fare from the passengers and do not want to go...

CNG drivers in Ctg charge excess fare from passengers

2007-10-22 00:00:00

Our CorrespondentCHITTAGONG, Oct 21: Passengers have rather become hostage to drivers of CNG driven auto-rickshaws in the port city and its adjoining areas of the district. The drivers realise excess fare from the passengers and do not want to go...

Acute fish crisis hits dry-fish business in N-dists

2007-10-22 00:00:00

Our CorrespondentSIRAJGANJ, Oct 21: Acute shortage of local varieties of fish has seriously affected the dry-fish business in the country's Northern districts, sources said.Once Sirajganj, Pabna, Bogra, among the country's northern districts, were well-known as the store-house of sweet water...

Fresh protests in Pakistan over attack on Benazir Bhutto's convoy

2007-10-22 00:00:00

KARACHI, Oct 21(AFP): Former Pakistani premier Benazir Bhutto left a Karachi hospital Sunday where she visited those wounded in last week's deadly suicide attack on her homecoming parade, an AFP correspondent said. About 100 supporters cheered Bhutto, who was making...

Ahmadinejad tightens grip on politics after resignation of top nuclear negotiator

2007-10-22 00:00:00

TEHRAN, Oct 21 (AFP): Five months ahead of crucial elections, President Mahmoud Ahmadinejad has tightened his grip on Iranian politics after the resignation of his top nuclear negotiator, Ali Larijani, analysts say. The surprise Saturday resignation of Larijani, a conservative...

Soyuz craft undocks for return to Earth

2007-10-22 00:00:00

MOSCOW, Oct 21 (Agencies): A Soyuz craft left its docking port at the international space station on Sunday, starting a return trip to Earth with two Russian cosmonauts and Malaysia's first space traveler aboardThe capsule was to bring back Fyodor...

Indian immigrant Jindal wins Louisiana governor's race

2007-10-22 00:00:00

BATON ROUGE, oct 21 (Agencies): US Rep Bobby Jindal became the nation's youngest governor and the first nonwhite to hold post in Louisiana since Reconstruction when he carried more than half the vote to defeat 11 opponents. Jindal, the Republican...

Kurds kill 9 Turkish soldiers

2007-10-22 00:00:00

ANKARA, Oct 21 (Agencies): Separatist Kurdish rebels attacked a military unit near Turkey's border with Iraq and Iran on Sunday, killing nine Turkish soldiers, the state-run Anatolia news agency reported. The attack came four days after Turkey's Parliament passed a...

Gunmen planned to kill Olmert

2007-10-22 00:00:00

JERUSALEM, Oct 21(Agencies): Palestinian gunmen planned to assassinate Israeli Prime Minister Ehud Olmert when he went to the West Bank in August to meet with the Palestinian president, an Israeli security chief told the Cabinet on Sunday, a participant in...

Lebanese presidential election set to be postponed again

2007-10-22 00:00:00

BEIRUT, Oct 21 (AFP): A scheduled parliament session this week to elect Lebanon's president is expected to be postponed again as feuding political parties are unable to agree on a consensus candidate, analysts and politicians say. "Nothing will take place...

news digest

2007-10-22 00:00:00

Bhutto must take responsibility for blast deaths: nieceKARACHI, Oct 21: Benazir Bhutto bears the responsibility for the deaths of 139 people in an attack on her homecoming parade by exposing them to danger for the sake of her own "personal...

Promoting sustained agricultural growth

2007-10-22 00:00:00

ACCELERATION of the pace of agricultural growth is the key to sustained progress in poverty alleviation and, thus, to improved socio-economic performance for countries like Bangladesh. This is more so because the potential for agricultural growth in such countries has...

Developers of trade theory become Nobel Laureates

2007-10-22 00:00:00

Chris Giles THREE US economists who established and developed theories governing how trade between two individuals or companies takes place and how it can be optimised have won the Nobel prize for economics.The Royal Swedish Academy of Sciences announced in...

Jakarta's informal sector to be given brush off

2007-10-22 00:00:00

John Aglionby WORSHIPPERS leaving Jakarta's Sunda Kelapa mosque after Friday prayers recently had little choice but to snake out in single file, squeezed between beggars and street sellers competing for their attention.The beggars, mostly women, clutched suitably forlorn-looking children in...