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Fresh look at researches and institutions

2007-10-09 00:00:00

Syed Fattahul AlimWhat is the real unemployment figure in this land of about 140 million people? The official statistics used in research, reference and other purposes depend on the data supplied by the Bangladesh Bureau of Statistics (BBS). Apart from...

Making micro credits truly user-friendly

2007-10-09 00:00:00

Nurul HudaMICRO credit was identified long ago as a powerful tool for the purpose of poverty alleviation in Bangladesh. This realisation also led to a major expansion of micro credit operations in the country during the last two decades. A...

Putin hands baton to himself

2007-10-09 00:00:00

Neil Buckley from MoscowVLADIMIR Putin has finally solved the intrigue of who will be Russia's most powerful man should he obey the constitution and stand down as president next year. He will.The president's address on October 01 to the congress...

Dealing with manpower frauds

2007-10-09 00:00:00

THERE is hardly any abatement of the activities of the rackets which have been taking large sums of money from gullible people with promises of sending them abroad with jobs. They provide forged visas to such job seekers which are...

Errant bus drivers, indifferent traffic police

2007-10-09 00:00:00

If not anyone else, the bus drivers in Dhaka city have been enjoying full-freedom on the streets. They are free to pick or leave a passenger anywhere anytime. Everyplace is a stoppage for them. They give a damn to what...

Pentagon tracking a whole series of metrics in Iraq

2007-10-09 00:00:00

Tom Engelhardt in the concluding part his articlePREPARE not to be surprised: In Iraq, the military counted bodies from the beginning -- counted, in fact, everything. They just weren't releasing the figures back in the days when the Bush administration...

Pay-toilets? When the walls are free?

2007-10-09 00:00:00

Zofeen Ebrahim from KarachiAt a pay-and-use toilet at Karachi's Civil Hospital, Rustom Ali asserts: "I'm an employee here so why should I pay?" Hari Ram, the 60-year-old caretaker is too meek to argue and lets Ali in. "Very few people...

Multinationals spur US rally on weak dollar

2007-10-09 00:00:00

Francesco Guerrera and Michael Mackenzie from New York Multinationals have emerged as the main drivers of the current US stock market rally as investors move to capitalise on the weak dollar by buying into companies with large overseas earnings.The strong...

Handouts thwart UAE drive for Emirati-run economy

2007-10-09 00:00:00

Matthew BrownSheikh Mohammed bin Rashid al-Maktoum, prime minister of the United Arab Emirates, envisions his country as a world-class financial hub run by Emiratis. Government financial support is undermining that goal. All 800,000 Emirati citizens get free education and health...

'Nationalised banks help Indian govt achieve 9pc GDP'

2007-10-09 00:00:00

MADURAI, Oct 8 (PTI): Finance Minister P Chidambaram yesterday said the nationalised banks have played a key role in helping the United Progressive Alliance (UPA) government achieve 9 per cent growth in the last fiscal. Those blaming the nationalised banks...

Global credit squeeze a 'serious crisis', will have impact on govts' budgets: Rato

2007-10-09 00:00:00

LONDON, Oct 8 (AFP): The global credit squeeze is a "serious crisis" that is not over yet and will have an impact on governments' budgets, the IMF's outgoing head Rodrigo Rato said in an interview published today. Speaking to the...

UAW, Chrysler make progress in talks

2007-10-09 00:00:00

DETROIT, Oct 8 (AP): The United Auto Workers put Chrysler LLC on notice that a strike is possible if contract talks stall, a person briefed on the talks said, but a labour expert said the union's action could be a...

China's private businesses boom along with national economic growth

2007-10-09 00:00:00

BEIJING, Oct 8 (Xinhua): China saw booming private businesses in the first half of 2007 when the national economy expanded by 11.5 per cent, according to the State Administration for Industry and Commerce (SAIC). The number of the country's private...

S Korea, ASEAN reach free trade pact on services

2007-10-09 00:00:00

SEOUL, Oct 8 (AFP): South Korea and Southeast Asian nations have reached an agreement on services, the foreign and trade ministry said today, raising hopes for a comprehensive free trade deal by year's end. Asia's third largest economy and nine...

Oil prices fall but supply worries limit losses in Asia

2007-10-09 00:00:00

SINGAPORE, Oct 8 (AFP): World oil prices fell in Asian trade today but worries over tight energy supplies limited the drop, dealers said. New York's main oil futures contract, light sweet crude for delivery in November, was 33 cents lower...

SAP agrees 4.8b euro buyout of Business Objects

2007-10-09 00:00:00

PARIS, Oct 8 (AFP): Germany's SAP, a world leader in business software, announced yesterday that it had agreed with France's Business Objects on a buy-out worth just over 4.8 billion euros (6.8 billion dollars). "The Business Objects board of directors...

Dollar gains against yen in Asian trade

2007-10-09 00:00:00

SINGAPORE, Oct 8 (AFP): The dollar gained against the yen in Asian trade today, a day ahead of the US Federal Reserve's release of its September minutes, dealers said. The greenback was at 117.07 to the yen in afternoon trade,...

West Bengal emerges favourite destination for steel projects

2007-10-09 00:00:00

KOLKATA, Oct 8 (PTI): Notwithstanding the non- availability of iron-ore in te state, West Bengal has emerged as one of the favourite destinations for setting up steel projects with investments totalling Rs.700 billion lined up in the sector. Some of...

Importers of milk powders demand withdrawal of duties to ease prices

2007-10-09 00:00:00

Naim-Ul-KarimThe government of late has started thinking of ways and means to rein in prices of the milk powder and baby food items that skyrocketed and are going beyond the buying capacity of consumers, sources said.They said the Ministry of...

Prime Bank holds seminar on role of zakat

2007-10-09 00:00:00

FE ReportPrime Bank Limited (PBL) Islamic Banking branch organised a seminar on 'role of zakat in fair distribution of wealth' in a city conference centre Saturday.Chairman of the bank Azam J Chowdhury was present on the occasion as the chief...

Over 100 sawmills facing closure in Rajshahi

2007-10-09 00:00:00

Our CorrespondentRAJSHAHI, Oct 8: Nearly 100 sawmills in the district are facing closure with resultant unemployment of thousands of workers and employees, sources said.Forest officials of the district ordered the work suspension of the mills that do not have licences...

Janata Bank's workshop held

2007-10-09 00:00:00

FE Report A workshop on Rules and Regulations related to Government Receipt and Reporting Process was held at the Janata Bank Training Institute in the city Sunday.Bangladesh Bank Executive Director Md Khurshid-ul-Alam delivered inaugural his speech as the chief guest....

Eid shopping spree gaining momentum in Bogra

2007-10-09 00:00:00

Our CorrespondentBOGRA, Oct 8: Eid shopping spree has gained its full momentum at Bogra town markets. Buyers are crowding the markets to do their Eid shopping for near and dear ones.One saree trader said it is hard to sell costly...

Square signs deal with Tajikistan pharma co

2007-10-09 00:00:00

FE ReportSquare Pharmaceuticals Ltd signed an agreement with FARMACON, the government-accredited pharmaceutical importer and distributor in Tajikistan, in the city recently.Square Pharma Director (Marketing) Muhammadul Haque and FARMACON Dirtector Djamila Rahimova signed the agreement on behalf of their respective organisations.The...

Essentials' prices stable in city: BDR

2007-10-09 00:00:00

The retail price of the most of essentials remained almost stable in the city markets while price of some items such as onion, green chili and hilsha fish have slightly been increased, a market report of Bangladesh Rifles (BDR) said...

Nepal, Bangladesh agree on comprehensive trade issues

2007-10-09 00:00:00

Bangladesh agreed in principle to have Rohanpur as entry-and-exist point for transit to Nepal and conduct bilateral trade traffic by rail between the two countries through fulfilment of necessary formalities, reports UNB.The agreement came in response to a request from...

IBBL arranges Doa Mahfil for late Ubaidul Huq

2007-10-09 00:00:00

FE ReportIslami Bank Bangladesh Limited (IBBL) arranged a discussion meeting and Doa Mahfil for the death of Baitul Mukarram National Mosque Khatib Moulana Ubaidul Huq at IDEB auditorium in the city Monday.IBBL Chairman Abu Nasser Muhammad Abduz Zaher was present...

Trees inside shut-down silk mills being sold at low price

2007-10-09 00:00:00

Our CorrespondentRAJSHAHI, Oct 8: Taking the opportunity of closure of state-owned Rajshahi Silk Mills, a section of employees and workers of the mills are plundering large trees from inside the mill compound and selling those at a throw-away price, sources...

Dhaka Bank donates Tk 5.0m to Army Relief Fund

2007-10-09 00:00:00

FE ReportAs a part of corporate social responsibility, Dhaka Bank Limited has donated Tk 5.0 million (50 lakh) to Bangladesh Army Relief Fund for post-flood rehabilitation programme.Dhaka Bank Limited Chairman Khondoker Monir Uddin handed over a cheque for the amount...

New chairman, vice chairman of Progressive Life Ins

2007-10-09 00:00:00

FE ReportBabel Miah and Abdul Malik have been elected chairman and vice chairman of Progressive Life Insurance Company Limited respectively for the term of 2007- 2008.The election was held at the 49th meeting of the board of directors of the...