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Dollar static in Asia after recent turbulence

2007-08-23 00:00:00

TOKYO, Aug 22 (AFP): The dollar hardly moved against the yen in Asian trade today as market players took a breather after recent turbulence over the troubled US housing sector, traders said. The dollar changed hands at 114.37 yen in...

China says US soybeans unsafe

2007-08-23 00:00:00

BEIJING, Aug 22 (AFP): China said today it had discovered many safety problems with soybeans imported from the United States, urging US authorities to deal with the problem. "Inspection and quarantine units in various areas have discovered a large number...

Look for nuclear option to overcome energy shortage

2007-08-23 00:00:00

NEW DELHI, Aug 22 (PTI): Even as the government finds itself in a no-envying position over the Indo-US nuclear deal, the European Union (EU) has said India should look for all options, including nuclear to overcome shortage of energy. "India...

Japan eyes chopsticks for biofuel

2007-08-23 00:00:00

TOKYO, Aug 22 (AFP): Japan will try to turn the millions of wooden chopsticks that go discarded each year into biofuel to ease the country's energy shortage, officials said yesterday. Biofuels are seen as an alternative clean energy resource that...

Vietnam -US venture eyes oil refinery in Vietnam

2007-08-23 00:00:00

HANOI, Aug 22 (Xinhua): A joint venture between a Vietnamese joint stock company and the US-based Semtech Ltd is completing an investment report on building an oil refinery in Vietnam's southern Can Tho city. The venture plans to construct the...

Essar to invest Rs200b to raise power capacity

2007-08-23 00:00:00

NEW DELHI, Aug 22 (PTI): Corporate conglomerate Essar Group yesterday said it plans to invest more than Rs.200 billion over the next five years to scale up power generation capacity to 6,500 MW from about 1,200 MW at present. "We...

Philippine rice import to reach 10-year high due to drought

2007-08-23 00:00:00

MANILA, Aug 22 (Xinhua): The Philippines' rice import this year is expected to reach a 10-year high of 1.87 million tons, due to an El Nino dry phenomenon, a local newspaper reported today. The Department of Agriculture said it had...

The sole superpower in decline: Rise of a multipolar world

2007-08-23 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,"...

Carving up the melting North

2007-08-23 00:00:00

Am Johal As climate change hit a cultural tipping point in 2007, with more and more people expressing concern and awareness of the risks posed by rising greenhouse gases, warming in the Arctic is already altering the landscape in Canada's...

England start it with win

2007-08-23 00:00:00

SOUTHAMPTON, Aug 22 (AFP): Ian Bell and Alastair Cook both scored their maiden one-day international (ODI) hundreds as England beat India by 104 runs at the Rose Bowl here Tuesday in the first match of a seven-game series. Bell made...

ICC refuses to intervene in ICL issue

2007-08-23 00:00:00

The International Cricket Council (ICC) refuses to intervene in the tussle between the unofficial Indian Cricket League (ICL) and the Indian Board (BCCI), maintaining that national cricket boards should take their own decisions regarding the ICL. "The ICC Executive Board...

BCB Academy leave for Australia today

2007-08-23 00:00:00

The GrameenPhone Bangladesh Cricket Board National Cricket Academy team, led by national opener Mehrab Hossain Jr, leave Dhaka today (Thursday) for Australia on a three-week tour, reports UNB. In a packed schedule during the tour, the Academy team will play...

Fish stuns Volandri in New Haven

2007-08-23 00:00:00

American wildcard Mardy Fish upset Italian seventh seed Filippo Volandri 6-7 7-5 6-0 to reach the third round of the Pilot Pen event in New Haven, reports BBC. Fish sealed his first back-to-back victories since February to set up a...

Farhat slams selectors again

2007-08-23 00:00:00

Imran Farhat launched another stinging attack against Pakistan's selectors, claiming that their bias towards him compelled him to opt out of a central contract and join the Indian Cricket League (ICL) instead. Farhat last represented Pakistan during the Test series...

Heinze questions Man United future

2007-08-23 00:00:00

Gabriel Heinze has conceded he may have no future at Manchester United after he was prevented from joining Liverpool. A Premier League panel ruled that Heinze (29) could not force United to sell him to their bitter rivals, reports BBC.....

Nat'l T20 team trounce BCB Academy

2007-08-23 00:00:00

Bangladesh national cricket team for the ensuing Twenty20 World Championship won their third practice match against Bangladesh National Cricket Academy team by 16 runs at the Mirpur Sher-e-Bangla National Stadium (SBNS) in the city Wednesday, reports UNB.Earlier, Tuesday, the national...

Lalbagh, Jirabo win

2007-08-23 00:00:00

Lalbagh Sporting Club defeated Mirpur Chalantika SC by 1-0 goal in the Metropolis Third Division Football League at the Outer Stadium in the city Wednesday, reports UNB.Sujon scored the match-winner for Lalbagh SC in the 39th minute.In another match, Gulistan...

Women’s soccer match cancelled

2007-08-23 00:00:00

The first exhibition football match between touring Orissa Women's team and BFF Women's XI at the Ansar and VDP Academy in Safipur Wednesday was cancelled.

Everton sign Wessels

2007-08-23 00:00:00

Everton have signed German goalkeeper Stefan Wessels on a free transfer, reports BBC. The 28-year-old has signed an initial one-year contract at Goodison Park after leaving FC Cologne. "It's the first time I've played for a club outside of Germany...

Up to 12 journalists freed after curfew-time arrest

2007-08-23 00:00:00

Dhaka, Aug 22 (bdnews24.com)—The police have released up to 12 journalists, two hours after their arrest during the curfew Wednesday night, police and reporters said. Asif Ahmed Rommo, senior sub-editor of bdnews24.com, who was arrested along with two colleagues, phoned...

FBCCI elections on Nov 20

2007-08-22 00:00:00

FE Report The elections of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) for the term 2007-09 will be held November 20 according to the revised schedule. Office of the FBCCI Election Board announced the revised schedule Tuesday.Earlier,...

Dollar stronger, call rate steady

2007-08-22 00:00:00

FE ReportThe US dollar appeared stronger against the Bangladesh taka (BDT) Tuesday in the interbank foreign exchange market despite demand remaining stable for the greenback, fund managers said.The exchange rate of the dollar against the BDT rose to day's high...

JU students barricade Dhaka- Aricha highway

2007-08-22 00:00:00

Students of Jahangirnagar University, demanding that chief adviser Dr Fakhruddin Ahmed step down, have barricaded the Dhaka-Aricha highway since Wednesday morning. The agitating students also burnt an effigy of law adviser barrister Mainul Hosein while demanding the lifting of the...

Curfew starts at 8pm Wednesday

2007-08-22 00:00:00

A top civil servant at the Chief Adviser's Office has said that curfew will start at 8pm Wednesday in six divisional headquarters. A formal announcement is expected soon. In an early statement Wednesday, the government had asked people to maintain...

Perplexing and frustrating

2007-08-22 00:00:00

THE reported finding of a recent study by the Bangladesh Institute of Development Studies (BIDS) on the unemployment situation during 2000-05 when, according to earlier official figures, the economy witnessed otherwise a comfortable growth performance, makes things unclear. One needs...

Clearing the decks for FDI

2007-08-22 00:00:00

Syed Fattahul Alim FOR a country not blessed with abundant natural resources of different kinds including copper, iron, uranium, silver, gold, diamond or huge hydrocarbon deposits in the form of black gold, that is, oil, Bangladesh's development discourse obviously lacks...

RMG sector faces new challenges

2007-08-22 00:00:00

Ahmed Showkat MasudTHE readymade garment (RMG) sector in our country that started its journey about two decades has been playing a pivotal role in the national economy, in terms of both providing jobs and as foreign currency earner.The volume of...

Chinese banks to reveal subprime losses

2007-08-22 00:00:00

Richard McGregor and Jamil Anderlini in BeijingCHINESE state lenders, including the Bank of China, are expected to announce losses from their exposure to the US subprime lending market when they release their first-half results in the coming weeks.But the exposure...

Regulation versus growth

2007-08-22 00:00:00

A column writer in a national daily observed recently that economic growth could be stifled under the present conditions of Bangladesh from excessive governmental regulations.Growth is, no doubt, supremely required. But no less significant, as has been proved in the...

Take action against noise pollution

2007-08-22 00:00:00

THE government decided two years ago that it would make laws to control noise pollution. Accordingly, the draft of an act was prepared that recommended Taka 10,000 as fine and maximum six months of imprisonment for producing noise higher than...