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Further reduction in fuel oil prices likely this month

2008-12-08 00:00:00

FE ReportChief Adviser's Special Assistant M Tamim Sunday hinted at the possibility of further lowering the fuel oil prices within the current month. "We are reviewing the global market. There may be a possibility of downward adjustment of the fuel...

RMG workers agitate in city for arrears

2008-12-08 00:00:00

FE Report Several hundred workers of a ready-made garments (RMG) factory staged demonstration in the city's Mogbazar area on Sunday afternoon, disrupting traffic movement on Mogbazar-Mouchak road for about two hours. Sources said over 1,000 workers of Century Garments came...

Pilgrims throng Arafat on 2nd day of Hajj

2008-12-08 00:00:00

Millions of Muslim pilgrims have descended on the plain of Arafat in Saudi Arabia on the second day of Hajj, according to Al Jazeera.net.Leaving the tent city of Mina early Sunday, the pilgrims gathered for a day of reflection and...

No NBR plan to chase tax-dodgers in cattle markets

2008-12-08 00:00:00

The National Board of Revenue (NBR) Sunday said it has no plan to chase the tax-dodgers in the cattle markets. The board is not also carrying out any such drive presently. It has termed the recently published news regarding the...

India announces $4.1b stimulus package

2008-12-08 00:00:00

NEW DELHI: The prime minister's office has announced a $4.1 billion stimulus package to boost India's slowing economy in the face of the global financial meltdown. It said in a statement Sunday that the money will be spent for building...

Two women get Begum Rokeya Padak '08

2008-12-08 00:00:00

The government has decided to award the Begum Rokeya Padak - 2008 to Dr Sultana Sarwat Ara Zaman and Begum Nasrin Parvin (posthumous). They were given the award for their outstanding contribution to rights and education of women, and country's...

Depression over Bay moves slightly westwards

2008-12-08 00:00:00

The depression over southwest Bay moved slightly westwards over the same area at 3pm Sunday. A special Met Office bulletin said the depression centered about 1,845-km southwest of Chittagong port, 1,775-km southwest of Cox's Bazar port, and 1,725-km southwest of...

Advisers endorse laws to revamp RAJUK, streamline non-govt edn institutions

2008-12-08 00:00:00

The Council of Advisers of the caretaker government Sunday approved in principle major amendments to the Town Improvement Act 1953 aiming to bring dynamism, transparency and accountability in the activities of RAJUK, ridden with alleged wrongdoings over the years, reports...

Turkey eyes telecom, power sectors for investment

2008-12-08 00:00:00

FE ReportTurkish investors have expressed their willingness to invest in telecommunications, power, infrastructural development and automobile sectors in Bangladesh. During a meeting between the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) and members of the visiting Turkish trade...

Stock market distortions and secondary bond market

2008-12-07 00:00:00

The continuous slide in stock prices in the country's two bourses for the last couple of months has taken a heavy toll on the investors. With many investors withdrawing themselves from a lacklustre market, the daily turnover at the main...

Generation of electricity from renewable energy sources

2008-12-07 00:00:00

Shahiduzzaman KhanOF late, the government approved in principle the renewable energy policy to attract private sector investments, tap the country's huge electricity generation potentials and ease the nagging electricity crisis across the country. The council of advisers gave its nod...

Bid to enter diamond cutting industry hangs in the balance

2008-12-07 00:00:00

Muzzafar HossainKIMBERLEY Process is an international certification scheme that regulates the trade in rough or conflict diamonds. Rough diamonds can cross borders only with an official certificate. The countries importing diamond check the seal and the certificate on the packages.The...

Check violence and muggings

2008-12-07 00:00:00

INCIDENTS of mugging and snatching are occurring on a regular basis in some common places in the city. Muggers used to mug at certain points during the terms of elected governments as the police, on their part, used to keep...

BBC and PSC

2008-12-07 00:00:00

THE recent news story entitled "Dhaka [BCS] exams row sparks violence" on BBC website (Tuesday, December 02, 2008; url: http://news.bbc.co.uk/2/hi/south_asia/7761285.stm) does not seem to meet the usual BBC standard of neutrality and fairness. The person who made the report seems...

Manpower export

2008-12-07 00:00:00

Almost all the developed countries are now looking for foreign workers. Despite the recession, there is demand for workers from the developing countries. But surprisingly we cannot seize the opportunities like other countries such as India, the Philippines or other...

Recognition to the meritorious students

2008-12-07 00:00:00

Every year, a good number of students pass the SSC examinations with merit. These pupils get media attention for their extraordinary results. But how many of them fair equally well in subsequent exams. They become celebrities only to be forgotten...

Delayed marriage: Mental pressure on women

2008-12-07 00:00:00

Sebika DebnathSUKRITY Dutta, a brilliant student of Dhaka University's Mass Communication and Journalism Department, is under tremendous pressure to get married. But, she doesn't want to marry before she joins a good job after university."In fact, I've been under pressure...

Insurance business in Bangladesh: its past and present

2008-12-07 00:00:00

Kazi Md. Mortuza AliA prominent foreign life insurance company which earned great fame in this subcontinent was the Sun life of Canada. Sir Phiroze Sethna a Persi from Bombay (who was born and brought up in Calcutta) was known as...

Five ways to avoid GMOs in your food

2008-12-07 00:00:00

Billy I AhmedRecent polls across the world have consistently shown that, if they had a choice, 90% of people would actively seek to avoid GMOs (genetically modified organisms) in their food. The large multinational corporations of the world have gone...

US job losses mount as economic picture worsens

2008-12-07 00:00:00

WASHINGTON, Dec 6 (AP): Record numbers of homeowners are falling behind on mortgage payments and the US economy is losing jobs at an alarming rate with companies big and small slashing their work force.A half-million American jobs disappeared month, the...

C American leaders agree on common currency, passport

2008-12-07 00:00:00

SAN PEDRO SULA, Honduras, Dec 6 (AFP): Central American leaders yesterday agreed to adopt a common regional currency and passport, among other measures to bolster regional integration in the face of global financial uncertainty. The eight leaders attending a regional...

Closer China-LatAm economic ties good to each other, experts say

2008-12-07 00:00:00

NEW YORK, Dec 6 (Xinhua): China and Latin America share the same pictures in the field of economic development, and increased relations between the two sides are mutually beneficial, experts said here yesterday. The statement was made at a panel...

‘More 'world coordination' on rates needed’

2008-12-07 00:00:00

LONDON, Dec 6 (Reuters): More international coordination of macro-economic policy is needed, Bank of England (BoE) Deputy Governor John Gieve said Saturday.In an interview with the financial magazine Hedge Funds Review (HFR), Gieve said that what happened in the world...

Late mortgage payments, foreclosures hit record

2008-12-07 00:00:00

NEW YORK, Dec 6 (Reuters): Late mortgage payments and the rate of home loans in foreclosure rose to record highs in the third quarter, threatening to escalate as the recession erases jobs and further strains homeowners, the Mortgage Bankers Association...

US recession to deepen in coming months: ECRI

2008-12-07 00:00:00

NEW YORK, Dec 6 (Reuters): A measure of future US economic growth and its annualised growth rate both ticked up in the latest week, but they still suggest the recession will intensify in the near future, a research group said...

Indonesia secures $5b emergency loan

2008-12-07 00:00:00

JAKARTA, Dec 6 (AFP): Indonesia has secured emergency loans worth five billion dollars to help plug its budget deficit and boost growth, authorities have said. "The loans, which come from the World Bank, the Asian Development Bank, Japan, Australia and...

India-Pak trade on back-burner as political ties turn sour

2008-12-07 00:00:00

NEW DELHI, Dec 6 (PTI): With India-Pakistan relations touching a new low after terror attacks on Mumbai, bilateral exchange of trade and ministerial delegations as a part of the political composite dialogue has been put off indefinitely. India's Minister of...

US jobs data accelerates commodity price falls

2008-12-07 00:00:00

LONDON, Dec 6 (AFP): Commodity prices tumbled this week with losses accelerated Friday by news of half-a-million job losses in the United States that fuelled expectations of steep falls in demand for raw materials. "It's a very negative environment in...

Special Eid offer on Walton electronics products

2008-12-07 00:00:00

FE ReportRB Group, which has been marketing Walton brand electronics products in the local market, announced special offers ahead of Eid-ul-Azha.According to the company source the offer will be continued till December 09 at all showrooms of the company all...

Sales of sacrificial animals not encouraging in Ctg

2008-12-07 00:00:00

Our CorrespondentCHITTAGONG, Dec 06: Arrival of sacrificial animals loaded in trucks at different cattle-markets of the port city and its adjoining areas are being witnessed almost every day on the eve of the upcoming holy Eid-ul-Azha which is set to...