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Addressing the issue of getting power urgently

2007-10-22 00:00:00

Muzaffar HossainIF all goes well as planned, then adequate power production consistent with demand and even some surplus may be generated by the year 2015. But planning, establishment of power plants after such planning, acquiring lands for the purpose, mobilising...

Promoting a natural silk industry

2007-10-22 00:00:00

BANGLADESH has very suitable weather conditions for the growing of mulberry plants and the rearing of silkworms. The two conditions are basic requirements for the production of natural silk which has big demand in the markets of the developed countries...

Imported inflation

2007-10-22 00:00:00

BANGLADESH, at present, has become very worryingly dependent on the import of essential consumer goods. This dependence has been growing relentlessly. It imports nearly all of its requirements of baby food and half of its need for milk in powdered...

Discusses developing complex for religious tourism

2007-10-22 00:00:00

RAJSHAHI, Oct 21 (UNB): Following the demand of local people and the Hindu community for developing a complex for religious tourism at Taherpur, the site of instituting Durga Puja, government officials Saturday visited the spot.There had been a demand for...

Four killed, 14 injured in separate road mishaps

2007-10-22 00:00:00

SIRAJGANJ, Oct 21 (UNB): Four people were killed and 14 others injured in separate road mishaps in the district Sunday.In Sirajganj, two people were killed and eight others injured in separate road mishaps in the district.In the first accident, two...

WUB holds three-day seminar on Teaching Methodology

2007-10-22 00:00:00

The World University of Bangladesh (WUB) held a three-day seminar on Teaching Methodology meant specially for junior teachers of the university from October 6 to 8 and 9, 2007 being participated by the teachers and most of the administrative staff...

Stolen car of FE news consultant recovered

2007-10-22 00:00:00

FE Report Joint forces Sunday recovered the stolen private car bearing the number Dhaka Gha-12-2700 owned by Sanaul Hoque, a news consultant of The Financial Express, from Nabinagar at Savar.The car was stolen at about 8 pm Saturday from the...

22 culprits held on various charges

2007-10-22 00:00:00

JOYPURHAT, Oct 21 (UNB): The members of Police and Rapid Action Battalion (RAB), in separate drives, arrested 22 culprits from five upazilas of the district Saturday on various charges including robbery, theft and drug smuggling.RAB members arrested three people along...

Muggers loot cash, valuables from journalist in city

2007-10-22 00:00:00

Snatchers took away cash and other valuables from a journalist at Rajarbagh Police Line area in the city early Sunday, reports UNB.Witnesses said a gang of three snatchers in a private car intercepted the rickshaw of Manjarul Alam, sub-editor of...

One killed, looted cash in Shariatpur

2007-10-22 00:00:00

SHARIATPUR, Oct 21 (UNB): Robbers killed a teenage boy who was sleeping in a grocery shop at Kashimpur Chourasta under Bhederganj Upazila and looted cash from the shop Friday night.Sources said shop-owner Maulana Anwar Hossain returned home at about 9:00...

Several firms on US Myanmar blacklist linked to Singapore

2007-10-22 00:00:00

SINGAPORE, Oct 21 (AFP): Three companies with strong links to Singapore are among seven firms blacklisted by the United States under fresh sanctions against Myanmar after its deadly suppression of pro-democracy protests. According to President George W. Bush's order the...

Brazil slams IMF handling of US credit crisis

2007-10-22 00:00:00

WASHINGTON, Oct 21 (AFP): Brazilian Finance Minister Guido Mantega slammed the International Monetary Fund yesterday for having been lax in its handling of a US housing-related credit crisis that roiled global markets. "Allow me to point out the irony of...

China's master problem-solver retires

2007-10-22 00:00:00

BEIJING, Oct 21 (AP): For the past decade, when Chinese leaders had a mission of national importance, they gave it to one woman. Wu Yi oversaw negotiations in the 1990s on China's entry to the World Trade Organization, winning a...

China's Africa push: Who stands to benefit?

2007-10-22 00:00:00

JOHANNESBURG, Oct 21 (AFP): China's push into Africa is prompting growing interest over Beijing's motives in the world's poorest continent with opinion divided over who stands to benefit most. Speaking at the launch this week of a new China research...

Credit impact 'relatively contained': ECB chief

2007-10-22 00:00:00

WASHINGTON, Oct 21 (AFP): The head of the European Central Bank said yesterday the recent market crisis shifted turbulence away from emerging countries to rich ones, but its impact on credit would be "relatively contained." "What has been notable about...

IMF vows to move with times, boost role of developing countries

2007-10-22 00:00:00

WASHINGTON, Oct 21 (AFP): The IMF, under pressure to move with the times, backed reforms yesterday to give low-income countries a stronger voice in its decision-making and defended its response to recent financial market upheaval. Policymakers from the International Monetary...

China-ASEAN trade speeds up

2007-10-22 00:00:00

NANNING, Oct. 21 (Xinhua): China and the Association of Southeast Asian Nations (ASEAN) have seen fast growth in bilateral trade with the volume being expected to reach 190 billion US dollars this year. "The figure is expected to top 200...

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 yesterday 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...

3 more UAW locals reject Chrysler deal

2007-10-22 00:00:00

DETROIT, Oct 21 (AP): Workers at three more United Auto Workers locals have rejected a tentative contract agreement between the union and Chrysler LLC, casting doubt on whether the deal will be ratified. Members at locals in Missouri, Ohio and...

IMF warns of inflation risks

2007-10-22 00:00:00

WASHINGTON, Oct 21 (AP): Global economic leaders warned of inflation risks in advanced countries on the eve of the first World Bank meetings since Robert Zoellick took charge of an institution shaken by internal divisions and scandal. The International Monetary...

China calls for efforts to analyse financial turmoil, safeguard global financial stability

2007-10-22 00:00:00

WASHINGTON, Oct 21 (Xinhua): A senior Chinese official urged the international community here yesterday to analyse the root causes of the recent financial turmoil and to make efforts to safeguard global financial stability. "Activities in the major advanced economies slowed...

Japanese carmakers vie to be greenest

2007-10-22 00:00:00

TOKYO, Oct 21 (AFP): From a nightclub on wheels to a car shaped like a hat, many of the whacky vehicles unveiled at the Tokyo Motor Show over the years have been consigned to the annals of auto history. When...

Myanmar's neighbours exert little economic influence

2007-10-22 00:00:00

SINGAPORE, Oct 21 (AFP): Countries neighbouring military- run Myanmar can exert only limited economic influence on the regime, Singapore's foreign minister has said following fresh US sanctions against companies here. Three Singapore-linked firms are among seven blacklisted by the United...

Doha Round negotiators face ‘last chance’ to salvage talks

2007-10-22 00:00:00

WASHINGTON , Oct 21 (AFP): WT0 head Pascal Lamy yesterday warned that international negotiators now faced their last chance to reach a global trade deal and said they had just "a few weeks" to agree on the outlines of an...

Caterpillar earnings rise

2007-10-22 00:00:00

CHICAGO, Oct 21 (Reuters): Caterpillar Inc, the world's top maker of earth-moving equipment, diesel engines and gas turbines, posted higher quarterly earnings Friday but missed analysts' expectations, and cut its full-year earnings outlook. Its shares fell more than 5 per...

The global boom of millionaires

2007-10-22 00:00:00

Household wealth is hitting record heights, and not just in the U.S. There are more millionaire households on the planet than ever before, particularly in Europe and in China, where growth rates are highest. The total number of world millionaire...

ICICI Bank gets US nod to set up branch in New York

2007-10-22 00:00:00

NEW YORK, Oct 21 (PTI): The US regulators have given permission to ICICI Bank, the second largest financial lender in India with assets worth over USD 91 billion, to open a branch here. The branch would engage in wholesale banking...

If legal means fails, Khaleda will be freed by 'political means', says Hannan Shah

2007-10-22 00:00:00

BNP Chairperson's Adviser Hannan Shah said, if Khaleda could not be released by legal means, efforts would be made "politically" to free her, report UNB and bdnews24.com. He alleged that Mannan Bhuiyan's leadership has proved futile. "Being blessed by unseen...

Mainul dismisses AL demand for talks with govt

2007-10-22 00:00:00

Law adviser Mainul Hosein Sunday dismissed demands for dialogue with political parties, saying such an exercise would affect the interim government's neutral credentials, reports bdnews24.com. Mainul's comment came after a senior Awami League leader's suggestion that the government discuss with...

Call to curb price rise of essentials in Ctg mkts

2007-10-21 00:00:00

Our CorrespondentCHITTAGONG, Oct 20 : People in the port city have urged the government to curb the abnormal rise in prices of essential commodities, as no effective steps have so far been taken by the concerned authority in this connection.According...