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Problem of slow Internet remains

2007-10-18 00:00:00

THE submarine cable connection was expected to revolutionise the use of the computer in Bangladesh by much expanding its use and opening up of new fields of its applications and earnings from the same. It was thought that Internet connection...

Bhangari shops posing a serious threat to public health

2007-10-18 00:00:00

In many parts of the Dhaka city, 'Bhangari shops (shops that deal in recyclable materials such as rags, broken glasses, waste paper, plastic containers etc) have been posing a serious threat to public health. Dirty and stinky waste materials collected...

Saving the military from itself: Why medals and metrics mislead

2007-10-18 00:00:00

William Astore It's time to save the military from itself. I say this as a retired Air Force officer who served for twenty years, my last three in a "joint" assignment, working closely with Army, Marine, and Navy officers and...

India shamed into revising stand on Burmese junta

2007-10-18 00:00:00

Praful Bidwai from New DelhiFaced with a pro-democracy popular upsurge in Burma, the Indian government first brazenly sided with the military junta. But it is now reluctantly revising its stand under international and domestic pressure, and trying to salvage what...

EU deals with Africa could violate rights

2007-10-18 00:00:00

David Cronin from BrusselsOpening up trade between the European Union and Africa risks violating basic human rights, according to campaigners.Under a series of free trade deals, known as Economic Partnership Agreements (EPAs), governments from Africa, the Caribbean and Pacific (ACP)...

Private equity funds risk destabilising poor countries

2007-10-18 00:00:00

GENEVA, Oct 17 (AFP): Private equity funds are an increasing force among global investors but their short-term approach risks destabilising some developing countries, the United Nations trade and development agency said yesterday. Private equity funds were involved in 889 merger...

S Africa, Brazil, India bosses urge end to trade barriers

2007-10-18 00:00:00

JOHANNESBURG, Oct 17 (AFP): Business leaders from Brazil, India and South Africa yesterday urged the governments of the emerging economic powerhouses to help accelerate already burgeoning levels of bilateral trade. Speaking at a seminar on the eve of a joint...

Australian economy heading for sustained growth

2007-10-18 00:00:00

SYDNEY, Oct 17 (AFP): The Australian economy was likely entering a period of further sustained growth, according to a survey released today, supported by strong employment growth and business investment. The Westpac-Melbourne Institute leading index, which indicates the likely pace...

Reforming IMF should not come at expense of poor: France

2007-10-18 00:00:00

PARIS, Oct 17 (AFP): A reform drive at the International Monetary Fund should not benefit emerging market countries alone at the expense of poorer states, French Finance Minister Christine Lagarde insisted yesterday. "The poorest countries must not bear the cost...

OPEC 'concerned' at recent surge in oil prices

2007-10-18 00:00:00

VIENNA, Oct 17 (AFP): The powerful oil cartel OPEC expressed concern yesterday at the latest surge in oil prices, but insisted that the current record highs were not justified by the fundamentals. OPEC chief Abdalla Salem El-Badri said in a...

Drought, demand push up food prices in Australia

2007-10-18 00:00:00

SYDNEY, Oct 17 (AFP): Drought and increased global demand are behind hikes in food prices, a leading Australian bank said today as it warned grocery bills could remain permanently higher. ANZ said recent price increases in staples reflected the temporary...

China's 2007 trade surplus likely to exceed $250b

2007-10-18 00:00:00

SHANGHAI, Oct 17 (AFP): China's 2007 trade surplus is likely to exceed 250 billion dollars while consumer inflation was likely to top four per cent, state media reported today, citing a central bank official. "The major problems China's economy is...

Countdown begins for Airbus superjumbo

2007-10-18 00:00:00

SINGAPORE, Oct 17 (AFP): The first Airbus A380 superjumbo was set to land in Singapore today as the countdown began for next week's maiden commercial flight of the biggest passenger airliner ever made. Decked out in the blue and gold...

Malaysian palm oil earnings to hit new record

2007-10-18 00:00:00

KUALA LUMPUR, Oct 17 (AFP): The value of Malaysia's palm oil exports is expected to reach a record of 40 billion ringgit (11.84 billion dollars) this year as prices soar, a report said today. Plantation Industries and Commodities Minister Peter...

Agricultural fair reaps $4.6b contracts

2007-10-18 00:00:00

JINAN, Oct 17 (Xinhua): The Fifth China Agricultural Fair ended in Jinan of eastern Shandong Province yesterday with the signing of investment projects and purchases worth 4.6 billion US dollars, a senior agricultural official said. Both the signed cooperation and...

New world-class plant of Eskayef to go into production early next year

2007-10-18 00:00:00

FE ReportEskayef Bangladesh Ltd, a leading pharmaceutical manufacturer and exporter of the country, participated in the Conference on Pharmaceutical Ingredients (CPhl) Worldwide-2007 from October 2-4 in 'Fiera Milano Rho' in Italy.CPhl Worldwide is the largest gathering of pharmaceutical and chemical...

Shahjalal Bank to provide Tk 200m loan to NUB

2007-10-18 00:00:00

FE ReportShahjhalal Islami Bank Limited (SJIBL) and Northern University Bangladesh (NUB) signed an agreement at the former's head office in the city Wednesday.SJIBL Managing Director (CC) Muhammed Ali and NUB Vice Chancellor M Shamsul Haque signed the agreement on behalf...

Massive agri-rehab activities continue in flood-hit N dists

2007-10-18 00:00:00

RANGPUR, Oct 17 (BSS): Massive post-flood priority agri- rehabilitation and other activities have been continuing in full swing in the 10 flood-affected northern districts.Additional Cabinet Secretary M Zahid Hossain, who is now on a three-day official visit to the flood-affected...

FSBL's quarterly managers' confce held

2007-10-18 00:00:00

FE Report Quarterly Managers' Conference-2007 of the First Security Bank Limited (FSBL) was held at its head office in the city Wednesday. FSBL Managing Director AAM Zakaria presided over the conference. FSBL head of the branches and all executives of...

Asian stocks decline on US subprime concern

2007-10-18 00:00:00

SINGAPORE, Oct 17 (Bloomberg): Asian stocks fell after UBS AG cut its share-price estimates on Japanese banks and India said it will regulate foreign investment. Mitsubishi UFJ Financial Group Inc., Japan's biggest publicly traded lender, dropped to a three-week low....

Coca-Cola profit beats estimates on Asia, LatAm

2007-10-18 00:00:00

BEIJING, Oct 17 (Bloomberg): Coca-Cola Co., the world's largest soft-drink maker, said third-quarter profit rose more than analysts anticipated on gains in Asia and Latin America. Net income increased 13 per cent to $1.65 billion, or 71 cents a share,...

European stocks gain

2007-10-18 00:00:00

LONDON, Oct 17 (Bloomberg): European stocks rose after France's Groupe Danone SA and Carrefour SA said sales increased and Intel Corp. of the US forecast faster revenue growth. Carrefour had its biggest rally since February and Danone climbed the most...

corporate watch

2007-10-18 00:00:00

Response to DSE queryGreen Delta Ins: In response to a Dhaka Stock Exchange (DSE) query, Green Delta Insurance Company Limited has stated that there is no undisclosed price sensitive information of the company for the recent unusual price hike of...

Putin supports Iran's nuclear programme

2007-10-18 00:00:00

TEHRAN, Oct 17 (AFP): Russian President Vladimir Putin left Iran overnight Wednesday after a trip which saw him reinforce ties with the Islamic republic and distance himself from Western warnings over its nuclear programme. He warned the West not to...

World aims for record mobilisation for anti-poverty drive

2007-10-18 00:00:00

UNITED NATIONS, Oct 17 (AFP): Millions of people were set to mobilise around the world beginning late Tuesday for what organisers hope will be the biggest ever drive to demand concrete actions to end global poverty. The 24-hour "Stand Up...

'Cult of Bhutto' peaks ahead of return to Pakistan

2007-10-18 00:00:00

KARACHI, Oct 17(AFP): His children wear headbands with Benazir Bhutto's picture, but Abdul Raziq has not come to pay any ordinary tribute to the former Pakistani premier-he has doused them and himself in petrol. "I love Benazir and I will...

Chinese Communist Party leaders meet behind closed doors

2007-10-18 00:00:00

BEIJING, OCT 17 (AP): China's ruling Communist Party gave the media a rare glimpse of two rising political stars, providing them a platform on which to show off their leadership qualities. The public appearances by Li Keqiang and Xi Jinping...

Seven Tamil Tigers killed in fighting

2007-10-18 00:00:00

COLOMBO, OCT 17 (AP): A series of battles between government troops and Tamil separatists across northern Sri Lankan has killed seven rebels, the military announced Wednesday. The rebels disputed the figure.The fighting came amid weeks of increased tensions between the...

9 killed, including 7 police officers in Iraq violence

2007-10-18 00:00:00

BAGHDAD, OCT 17 (AP): A roadside bomb exploded near a police patrol early Wednesday, killing at least seven officers, according to police.The blast went off about 2 a.m. on the road to Affak, which is about 30 km (20 miles)...

Pak court resumes hearing challenges to Musharraf's re-election

2007-10-18 00:00:00

ISLAMABAD, OCT 17 (AP): Pakistan's top court heard challenges Wednesday to the legality of Gen. Pervez Musharraf's re-election as president, a day before Benazir Bhutto returns from exile.Musharraf's opponents have petitioned the Supreme Court, claiming that the US-allied strongman was...