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Prospect of bee cultivation in Bangladesh

2008-12-24 00:00:00

Hoor-e-JannatHalima Begum of Tangail district was married off with a poor man of neigbouring Mymensingh district when she was only 13. She knew poverty from her father's house since her birth. Halima finds no change in the condition her life...

EU, Brazil vow to press for IMF overhaul at next G20 meeting

2008-12-24 00:00:00

RIO DE JANEIRO, Dec 23 (AFP): President Nicolas Sarkozy of France and Luiz Inacio Lula da Silva of Brazil yesterday vowed to work together to counter the effects of the world crisis by promoting trade. The pledge was made as...

Govts must be ready to spend more on economic stimulus: IMF

2008-12-24 00:00:00

PARIS, Dec 23 (Reuters): Governments should be ready to increase their spending on economic stimulus programmes if circumstances require it, the International Monetary Fund's chief economist Olivier Blanchard said in comments published Tuesday.In an interview with French daily Le Monde,...

US sells record debt, China rate cut disappoints

2008-12-24 00:00:00

WASHINGTON/BEIJING, Dec 23 (Reuters): The United States sold a record amount of debt to help fund its efforts to contain the financial crisis and Beijing's fifth rate cut since September failed to boost Chinese shares, as gloomy economic and corporate...

Job fears deepen as global economic slowdown intensifies

2008-12-24 00:00:00

HONG KONG, Dec 23 (AFP): Fears of sweeping job losses caused by the global economic crunch deepened today with more layoffs, as governments took added measures to ease the impact of the crisis. China's central bank unveiled its fifth interest...

British economy shrinks 0.6pc in Q3

2008-12-24 00:00:00

LONDON, Dec 23 (AP): The British economy contracted by more than previously thought during the third quarter of 2008, revised official figures showed Tuesday, stoking market expectations that the Bank of England (BoE) may cut interest rates to near zero...

Bush admn admits leaving massive deficit

2008-12-24 00:00:00

WASHINGTON, Dec 23 (AFP): US President George W Bush's administration acknowledged yesterday that it would leave behind a massive budget deficit but could not say whether it would exceed one trillion dollars. "The size of the budget deficit, whatever the...

BB officials achieve AAP certificate

2008-12-24 00:00:00

Chowdhury Mohidul Haque, general manager, Department of Currency Management and Payment Systems of Bangladesh Bank and seven others of the same department received Accredited ACH Professional (AAP) certificate from the Payments University, USA. 29 officials of the bank sat for...

Ensure conducive global environment for economic progress: India

2008-12-24 00:00:00

NEW DELHI, Dec 23 (PTI): In the backdrop of the global financial crisis, India yesterday asked its envoys across the globe to ensure that the international environment remains conducive for the country's transformation and continued development. Addressing a meeting of...

Oil prices sink further below 40 dollars

2008-12-24 00:00:00

SINGAPORE, Dec 23 (AFP): Oil prices fell further below 40 dollars in Asian trade today in a market plagued by weak energy demand, dealers said. New York's main futures contract, light sweet crude for delivery in February, shed 77 cents...

Kuwait may delay some oil projects after price plunge

2008-12-24 00:00:00

KUWAIT CITY, Dec 23 (AFP): OPEC member Kuwait may delay some planned investments in the oil sector in light of the sharp drop in crude prices but will keep the main plans intact, Oil Minister Mohammad al-Olaim said yesterday. "We...

Transportation of agri goods hampered in absence of bridges in Bhanga upazila

2008-12-24 00:00:00

Our Correspondent FARIDPUR, Dec 23: The construction work of two bridges which were collapsed in the flood of 2007 under Hamirdi union in Bhanga upazila of Faridpur still not started causing enormous suffering to the inhabitants of the area.Movement of...

Gas exporting states meet in Russia to form club

2008-12-24 00:00:00

MOSCOW, Dec 23 (AFP): Ministers from gas-exporting countries were meeting in Moscow today to put the finishing touches to their new club, amid Western fears the group could act as the gas equivalent of the OPEC oil cartel. The Gas...

Toyota to replace president amid business slump

2008-12-24 00:00:00

TOKYO, Dec 23 (AFP): Toyota Motor Corp. plans to replace its president after the Japanese carmaker forecast its first-ever operating loss, a report said today. The auto giant is considering moving vice president Akio Toyoda to the post, which is...

AL to give priority to resolving current power crisis, if elected

2008-12-24 00:00:00

Awami League (AL) Chief Sheikh Hasina said Tuesday if elected her government would prioritise actions for resolving the current power and energy crisis, bdnews24.com reports. Speaking at a luncheon meeting of American Chamber of Commerce in Bangladesh (AmCham) at the...

National Bank opens 105th branch in Noakhali

2008-12-24 00:00:00

FE Report National Bank Limited (NBL) opened its 105th branch at Maizdee Court in Noakhali recently, said a press release. NBL Managing Director Md Abdur Rahman Sarker formally inaugurated the branch of the bank as the chief guest.The NBL managing...

BB extends $5.0m OD facility to another SCB

2008-12-24 00:00:00

FE Report The central bank provided an overdraft (OD) facility worth US$5.0 million (50 lakh) to a state-owned commercial bank (SCB) Tuesday for settlement of oil import bills. 'We've provided the OD facility to the SCB against the government-approved securities...

Proper guideline for women entrepreneurs sought

2008-12-24 00:00:00

Our CorrespondentCHITTAGONG, Dec 23: Experts urged for creating an effective women friendly atmosphere in the field of trade and commerce through preparing Woman National Business Agenda with proper solution to overall problems of the women entrepreneurs in transacting business.The call...

United Airways to submit IPO application to SEC by March

2008-12-24 00:00:00

FE Report Local private carrier United Airways will float its shares through the stock markets sometime in 2009, in what could be the first ever listed airline in the history of the country's capital market, its top executive has said....

Call rate closes lower, dollar steady

2008-12-24 00:00:00

FE Report The inter-bank call money rate closed slightly lower Tuesday with injection of fresh fund by the central bank into the market. The US dollar, on the other hand, maintained steady tone against Bangladesh taka (BDT) in the inter-bank...

SJIBL opens SME Service Centre at Kamalbazar, Ctg

2008-12-24 00:00:00

FE ReportShahjalal Islami Bank Limited (SJIBL) opened its SME Service Centre at Kamalbazar in Chittagong Monday.Chairman of Board Audit Committee of the bank Md. Solaiman inaugurated the SME Service Centre.Among others, Managing Director of the bank Muhammad Ali, SEVP Md....

IBBL eighth SME service centre in Rajshahi

2008-12-24 00:00:00

FE ReportThe eighth SME service centre of Islami Bank Bangladesh Limited (IBBL) was inaugurated at Keshorehat of Mohonpur thana in Rajshahi recently, said a press release. Bangladesh Bank (Rajshahi) General Manager Sarder Md Shahjahan inaugurated the SME service centre as...

Emirates launches Dubai-San Francisco non-stop flight

2008-12-24 00:00:00

FE Report Emirates, one of the world's fastest-growing international airlines, marked the arrival of flight EK225, the first non-stop service of the airline between Dubai and San Francisco, at San Francisco International Airport (SFO) recently, said a press release.At a...

corporatewatch

2008-12-24 00:00:00

Resumption of tradingNormal trading of the shares of Bata Shoe Bangladesh Limited will resume today (Wednesday) after record date and there will be no price limit on the trading of the shares of the company for the day.Response to CSE...

Military takes control in Guinea

2008-12-24 00:00:00

Guinea's army has announced that it has dissolved the country's government and suspended the constitution, hours after the death of President Lansana Conte, reports BBC.In a state radio statement, Capt Moussa Dadis Camara said a "consultative council" of civilian and...

India flirts with military response to Mumbai attacks

2008-12-24 00:00:00

NEW DELHI, Dec 23 (AFP): India's refusal to rule out a military response to the Mumbai attacks is a diplomatic strategy that hides the limited options open to the government, analysts say.Under intense domestic pressure to take decisive and forceful...

Blind man navigates maze

2008-12-24 00:00:00

Scientists have discovered that a blind person can navigate through a maze of obstacles unaided using the power of "sixth" sense alone, reports BBC.The man, left blind by a stroke, was able to intuitively walk around chairs and boxes without...

Nepal media protest over attack

2008-12-24 00:00:00

Many newspapers in Nepal have appeared with a blank space instead of an editorial to protest against attacks by Maoist activists, reports BBC.Dozens of former rebels attacked staff and vandalised offices at Himal Media, one of the country's biggest newspaper...

Many Muslims frustrated at Fort Dix verdict

2008-12-24 00:00:00

ATLANTIC CITY, Dec 23 (AP): Muslim leaders reacted with frustration after five Muslim immigrants were convicted of scheming to massacre U.S. soldiers at Fort Dix.The five defendants were found guilty Monday in federal court in Camden of conspiring to kill...

Chinese pandas arrive in Taiwan

2008-12-24 00:00:00

Two giant pandas have arrived in Taiwan from China, a gift from Beijing to a self-governing island it considers part of Chinese territory, reports BBC.Together their names (Tuan Tuan and Yuan Yuan) mean reunion, underscoring hopes that their arrival in...