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Listed criminal's body recovered in old city

2008-11-14 00:00:00

A listed criminal's body was found on Dholaipar Bazar Road of Kadomtoli in the old part of the city early Thursday. The deceased was identified as Saikat Chandra Das (25), son of Sumit Chandra Das and a resident of 27/28...

Firearms depositing deadline Dec 3

2008-11-14 00:00:00

The government has asked the owners of authorised firearms to deposit those in their nearby police stations from November 20 to December 3. The decision was taken to maintain law and order in the country, as the national and local-body...

Banks get poor response from polls aspirants on default loans

2008-11-14 00:00:00

FE Report Banks got poor response from loan-defaulter polls aspirants in rescheduling and repaying their dues as the deadline for updating their dues, set by the government, expired Thursday. Under the amended Representation of the People Order (RPO), any person...

DPDC, DESCO send power tariff hike proposals to BERC

2008-11-14 00:00:00

Retail consumers may have to pay increased power tariff as the distribution companies began placing proposals with the Bangladesh Energy Regulatory Commission (BERC) for a raise, reports UNB.According to official sources, Dhaka Power Distribution Company (DPDC) Wednesday sent proposal for...

Oil falls to 22-month low at $55 on recession fears

2008-11-14 00:00:00

PERTH, Nov 13 (Reuters): Oil fell for a third straight day Thursday to hit a 22-month low of $55 a barrel as mounting pessimism about the global economy outweighed OPEC's comments that it could cut output again as early as...

Further problems lie ahead of global banking sector

2008-11-14 00:00:00

From Fazle RashidNEW YORK, Nov 13: The US Treasury Department has abandoned the idea of spending the entire bail-out money amounting to $700 billion for recapitalisation of banks and other financial institutions. The reason behind the reversal of the decision...

$480m IDA credits for power, food support

2008-11-14 00:00:00

Bangladesh will get US$ 480 million credit from the International Development Association (IDA), a soft window of the World Bank, under two agreements signed in the city Thursday, reports UNB.The fund will be utilised to increase power supply from the...

Japan to offer IMF up to $100b from forex reserves

2008-11-14 00:00:00

TOKYO, Nov 13 (Reuters): Japan is ready to offer up to $100 billion to the International Monetary Fund to assist emerging economies, a Japanese government source said on Thursday, ahead of a global summit on the financial crisis this week.Prime...

Moving BIMSTEC into action

2008-11-14 00:00:00

CHIEF Adviser (CA) Dr Fakhruddin Ahmed is now in New Delhi to attend the summit meeting of BIMSTEC( The Bay of Bengal Initiative for Multi-sectoral Technical and Economic Cooperation). Founded in 1997, it started off with four countries which have...

Time to tap potential of regional forums

2008-11-14 00:00:00

Syed Fattahul AlimThe timing for the second summit of the Bay of Bengal Initiative for Multi-sectoral, Technical and Economic Cooperation (BIMSTEC) among seven South and Southeast Asian nations in New Delhi could not be held at a better time than...

Why not biodegradable polybags?

2008-11-14 00:00:00

Mozzamel HaqueTHE ban on polybags was well received in some quarters out of a concern for the environment. But the ban is taken casually now as there is no compulsion to take it seriously. The polybags have staged a comeback...

Shame for the nation

2008-11-14 00:00:00

THE nation once again recalled with a heavy heart recently the jail killings. The brutal assassination of Bangabandhu Sheikh Mujibur Rahman and the members of his family in August 1975 will remain forever a black spot to trouble the consciousness...

Untimely deaths of children

2008-11-14 00:00:00

ABOUT 110,000 children die every year before they reach the age of five due to water-borne diseases. It is a pity that we could not check the unwanted deaths.Official statistics show, due to inadequate sanitation facilities, 65 million children under...

Alternatives to tree felling

2008-11-14 00:00:00

IF law enforcement is the problem, why cannot the relevant ministry deploy more police to patrol the reserved forests to stop indiscriminate tree felling. The government knows that many brickfields regularly burn wood though it is prohibited. As Barapukuria coal...

Obama victory is like a fairy tale

2008-11-14 00:00:00

Syed JamaluddinBarack Obama never talks about how people see him. He said, 'I am not the one making history. You are .. America is a place where all things are possible'. Barack Hussein Obama did not win because of the...

Canada: Queens of the Camera

2008-11-14 00:00:00

V. RadhikaDEEPA Mehta, Mira Nair, Jane Campion and Lynne Ramsay have shown that women make great films, the kind that cut across cultural boundaries and create box-office records. And, going by the number of women filmmakers who presented their works...

US trade measures to help South American and African nations

2008-11-14 00:00:00

Merle D. Kellerhals from Washington TWO trade liberalization measures that waive import duties from nations in the Andean region of South America and in Africa have been extended through the end of 2009."All our nations are carrying out a comprehensive...

'G20 economic crisis talks will yield 'concrete results'

2008-11-14 00:00:00

WASHINGTON, Nov 13 (AFP): The White House said yesterday that it expected US-hosted global economic crisis talks this week to yield "some quite concrete results," launching the first in a series of summits on the meltdown. But the impact of...

WTO warns trade finance 'deteriorating' amid crisis

2008-11-14 00:00:00

GENEVA, Nov 13 (AFP): The World Trade Organisation (WTO) warned yesterday that the financing of global commerce is "deteriorating" amid the financial crisis and the situation is likely to worsen over the coming months. "The market for trade finance has...

Germany falls into recession, China output growth drops

2008-11-14 00:00:00

LONDON/TOKYO, Nov 13 (Reuters): Germany has fallen into recession and China industry output growth dropped to its lowest in seven years, data showed Thursday, reinforcing fears the financial crisis is plunging the world into a painful downturn.The impact of the...

Japan faces long slump, warns central banker

2008-11-14 00:00:00

TOKYO, Nov 13 (AFP): Japan's economy faces a long slump because of the global financial crisis, a member of the central bank's interest rate-setting committee warned today. The financial is curbing economic growth, "putting the Japanese economy on the brink...

S Korea unveils new steps to stabilise markets

2008-11-14 00:00:00

SEOUL, Nov 13 (AFP): South Korea today announced new steps to stablise its markets, including a 16-billion-dollar cash injection for firms suffering from tight trade financing. The Bank of Korea promised to give loans worth 10 billion dollars to small...

Oil prices lower in Asia

2008-11-14 00:00:00

SINGAPORE, Nov 13 (AFP): World oil prices continued lower in Asia today with traders worried by falling demand during the global financial crisis. In afternoon trade, New York's main futures contract, light sweet crude for December delivery, fell 1.24 dollars...

Yen pares gains as traders digest US bailout U-turn

2008-11-14 00:00:00

TOKYO, Nov 13 (AFP): The yen lost ground in Asia today, giving back some of the previous day's strong gains that were sparked by news Washington is scrapping a plan to buy up toxic mortgage debt. The dollar rose to...

White House won't commit to saving US auto giants

2008-11-14 00:00:00

WASHINGTON, Nov 13 (AFP): The White House refused to say yesterday whether or not it considered troubled US auto giants seeking US government help to be too important to the US economy to be allowed to fail. Asked several times...

Asian Paints holds art competition

2008-11-14 00:00:00

Asian Paints (Bangladesh) Ltd arranged a colourful children's art competition titled "Color of Young Minds" for the first time at Bangladesh International Tutorial (BIT) held in the city recently, says a press release. The purpose of the competition based on...

Swedish hedge fund to invest in Bangladesh

2008-11-14 00:00:00

FE ReportBrummer & Partners, a Swedish hedge fund manager, has chosen Bangladesh as a safer place for investment in the prevailing global financial downturn as it expects the region to ride out the global economic recession.The largest Swedish hedge-fund manager,...

Call rate steady, dollar gains

2008-11-14 00:00:00

FE Report The inter-bank call money rate remained steady Thursday despite withdrawal of large amount of cash from the market. The US dollar, on the other hand, posted visible gain against Bangladesh taka (BDT) in the inter-bank foreign exchange market...

BEPZA to launch agri processing unit in Jessore

2008-11-14 00:00:00

Our CorrespondentJESSORE, Nov 13: Bangladesh Export Processing Zone Authority (BEPZA) has taken steps to launch an agricultural processing unit at Shantala on the outskirts of the town. The unit will help strengthen vegetable production in Jessore. Jessore is now producing...

New ADB country director visits LGED headquarters

2008-11-14 00:00:00

Paul J Heytens, new country director of Asian Development Bank (ADB) in Bangladesh, visited the Local Government Engineering Department (LGED) head office in the city Thursday.LGED Chief Engineer Md Nurul Islam welcomed Heytens at an informal meeting and introduced the...