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Barack Obama pulls down the dividing walls in America

2008-11-07 00:00:00

Syed Fattahul AlimBarack Hussein Obama, the US senator from Illinois, who promised change to America during his entire electioneering campaign for the US presidency, in his victory speech addressing an adoring and emotional 125, 000-strong crowd on Tuesday finally announced...

Understanding the crucial productivity factor

2008-11-07 00:00:00

Saiful HaqueBANGLADESH is a country blessed with a large workforce, known for its diligence. However, in today's world, economic progress does not depend only on a large number of willing workers, although this can be an advantage in lowering production...

End of the Bush era

2008-11-07 00:00:00

BUSH represented everything that was bad. He lied about his background to get into the White House and for many Democrats he even stole the first term. If you think he staged 9/11 with active help from the Israelis, you...

Obama's victory

2008-11-07 00:00:00

IT is a great day for the American people. Barack Obama's victory in the election must mean a lot to African Americans. When Thomas Jefferson wrote the US Constitution promising the best for "all" Americans, he owned a hundred slaves....

The rise of a multipolar world

2008-11-07 00:00:00

Dilip HiroWith the collapse of the Soviet Union in 1991, the United States stood tall -- militarily invincible, economically unrivalled, diplomatically uncontestable, and the dominating force on information channels worldwide. The next century was to be the true "American century,"...

US air strikes and international law

2008-11-07 00:00:00

Barrister M. A. Muid Khan"WE the peoples of the United Nations determined to save succeeding generations from the scourge of war…" (Preamble to the Charter of the United Nations)Despite having strong determination of the Peoples of the United Nations "to...

Europe set to slash rates as gloom deepens

2008-11-07 00:00:00

SINGAPORE/LONDON, Nov 6 (Reuters): Europe's top central banks were under pressure to slash borrowing costs by a record margin Thursday as part of global efforts to stimulate trade and commerce and ward off deep recession.Markets looked also to US President-elect...

G20 emerging economies weigh global financial rules

2008-11-07 00:00:00

BRASILIA, Nov 6 (AFP): A meeting of Group of Twenty (G20) finance ministers and central bank chiefs in Brazil this weekend will give emerging economies a chance to discuss the need for global financial regulation while preserving free-market principles, analysts...

NZ unemployment hits five-year high

2008-11-07 00:00:00

WELLINGTON, Nov 6 (AFP): New Zealand's unemployment rate rose to its highest level in nearly five years in the September quarter, as the effects of a recession saw businesses lay off workers, official figures showed today. The unemployment rate rose...

'Radical' economic stimulus package in China soon

2008-11-07 00:00:00

BEIJING, Nov 6 (AFP): A radical stimulus package to fight the impact of the global financial crisis on China could be announced this month as the economy enters an "excessive slowdown", state media said today. "Only a radical stimulus package...

Indonesia keeps interest rate at 9.50pc

2008-11-07 00:00:00

JAKARTA, Nov 6 (AFP): Indonesia's central bank maintained its benchmark interest rate at 9.50 per cent today despite rate cuts in major countries amid the global economic slowdown, officials said. Bank Indonesia Governor Boediono said there would be no change...

Oil prices fall slightly again

2008-11-07 00:00:00

LONDON, Nov 6 (AFP): Oil prices fell slightly Thursday, a day after sharp losses, as the market digests fresh evidence of slowing world energy demand. Brent North Sea crude for December delivery dropped 36 cents to 61.51 dollars a barrel...

Gold, most commodities tumble on economic concerns

2008-11-07 00:00:00

NEW YORK, Nov 06 (AP): Gold and other commodities stumbled Wednesday, erasing some of the previous session's big gains and reflecting steep losses in the equities markets.Commodities prices, which have tended to mirror the direction of equities in recent weeks,...

DSE hosts awareness programme in Sylhet

2008-11-07 00:00:00

SYLHET, Nov 6: With the turnovers hitting new highs recently, Bangladesh's premier bourse, the Dhaka Stock Exchange (DSE), organised investors' awareness campaign in Sylhet today (Thursday) to familiarise them with the growing stock market operations.The DSE programme was arranged in...

New executive asstt manager of Westin Dhaka

2008-11-07 00:00:00

FE Report Habib Rehman recently joined The Westin Dhaka as executive assistant manager, said a press release. Prior to joining The Westin Dhaka, Rehman was the director of food and beverage at Shangri-La Rasa Ria Resort in Sabah.He also worked...

Apparel makers see bright prospect of RMG export to US

2008-11-07 00:00:00

Jasim Uddin HaroonLocal apparel manufacturers see bright prospect of RMG products to American market after Barack Obama, a Democrat, won the US presidential election."We expect getting advantage for our garment sector to the US market during the Obama period as...

BBCC delegation due in city Nov 9

2008-11-07 00:00:00

FE Report A 30-member delegation of Bangladesh British Chamber of Commerce (BBCC), UK, led by its chairman Shahgir Bakht Faruk, will arrive in the city on November 9 on a nine-day visit to Bangladesh.The delegation comprises BBCC senior vice-chairman and...

Vietnam delegation deplores low trade with Bangladesh

2008-11-07 00:00:00

Our CorrespondentCHITTAGONG, Nov 06: Visiting Vietnamese delegation leader said Bangladesh and Vietnam have similarities in the field of economy as the two countries belong to the developing world. But the trade volume between the two countries has not increased up...

BKB disburses Tk 11.34b loan in four months

2008-11-07 00:00:00

Bangladesh Krishi Bank (BKB) disbursed loan of Tk 11.34 billion during last four months of the present financial year, which is Tk 4.26 billion higher than the amount disbursement during the corresponding period of the last year. During the same...

Call rate, dollar remain steady

2008-11-07 00:00:00

FE Report The inter-bank call money rate remained steady with downward bias despite withdrawal of cash from the market through reverse repurchase agreement (repo). The US dollar was also stable against Bangladesh taka (BDT) in the inter-bank foreign exchange market...

ICB AMCL announces NAV of four mutual funds

2008-11-07 00:00:00

ICB Asset Management Company Ltd (ICB AMCL), a subsidiary of Investment Corporation of Bangladesh (ICB), has announced Net Asset Value (NAV) of its four mutual funds, according to the company press releases.The total NAV of ICB AMCL First Mutual Fund...

NBL Mirpur Bazar branch shifted

2008-11-07 00:00:00

FE Report The new premises of Mirpur Bazar branch of National Bank Limited (NBL) was shifted to Chand Ali Shopping Centre, Jagannathpur Road in Sunamganj recently, said a press release. NBL Managing Director Md Abdur Rahman Sarker formally inaugurated the...

StanChart signs Auto Billspay deal with Dhaka Club

2008-11-07 00:00:00

Dhaka Club Ltd members can avail the auto-debit facility against their Standard Chartered credit card or bank account to pay their monthly club dues. Dhaka Club and Standard Chartered signed an Auto Billspay agreement in this connection recently, says a...

SJIBL opens 32nd branch at Rajshahi

2008-11-07 00:00:00

Shahjalal Islami Bank Limited (SJIBL) has opened its 32nd branch at Rajshahi.Mayor of the Rajshahi City Corporation (RCC) AHM Khairuzzaman (Liton) formally inaugurated the branch as the chief guest Wednesday, said a press release. Chairman of the board of directors...

Warid introduces news service for its subscribers

2008-11-07 00:00:00

All pre-paid and post-paid subscribers of Warid Telecom will, from now on, be able to listen to the latest news of the daily Prothom Alo by dialling 2221 or get news update by typing 'news' and sending it to 2221.Warid...

DCCI holds training on leadership, management

2008-11-07 00:00:00

A certificate awarding ceremony of a training course on 'Leadership and Management' organised by the DCCI Business Institute (DBI) was held at the DBI auditorium recently.Speaking on the occasion Dhaka Chamber of Commerce and Industry (DCCI) Director Data Magfur laid...

DSE congratulates Barack Obama

2008-11-07 00:00:00

FE ReportThe Dhaka Stock Exchange (DSE) has congratulated President-elect Barack Obama for his historic victory as the 44th President of the United States of America in the presidential elections-2008, said a DSE press release Thursday.In a message to the US...

AKTEL users to enjoy 25pc bonus

2008-11-07 00:00:00

AKTEL has announced another promotional offer of 'bonus on talk time' for all of its customers, says a press release.All AKTEL Prepaid and Postpaid customers will now enjoy 25 per cent bonus and 25 per cent discount respectively on their...

Medexpo-2008 begins in city

2008-11-07 00:00:00

A three-day International Medical Equipment and Healthcare Services Exposition - Medexpo-2008 began at the Winter Garden of Dhaka Sheraton Hotel in the city Thursday, said a press release.Secretary of the Internal Resources Division and Chairman of the National Board of...

World stocks dive on recession fears

2008-11-07 00:00:00

LONDON, Nov 6 (AFP): Global stock markets plunged to extending sharp losses suffered a day earlier, as investors shrugged off Barack Obama's election as US president to focus on recession fears, traders said. Shortly after trading began in Europe, the...